Forecast - Dangerous Power

 

I have seen many forecasts in the financial Market, but very few profits made following them, even if it was right. Strange, right? The point is, the forecast is useless without a strategy, and it is easy to understand that, we have to consider one simple fact:

A forecast method that is 100% right of the times doesn’t exist!

Nowadays there is still a huge part of traders that believe in a man called William Delbert Gann, a great trader, who encrypted the Market and was able to forecast everything. Unfortunately this is not right, he was a great trader but not perfect at all, for this reason he taught also to use stops, something that a perfect forecaster doesn’t need! We also have documents about his mistakes.
Once we understand that we have to trade in a real world, we can see how dangerous is if we trade following the forecast. This is why people cannot make profits following a forecast:

If we become aware of all these problems, we understand how important is to plan a strategy. The strategy is the real Sacro-Graal, not the forecast!
With this simple article we want to alarm people that buy only forecast studies and want to trade with them, unfortunately trading is not so easy, and we see another reason why people keep losing money! In I Am in Wall Street Ltd we create precise strategies being aware that we are not always right, we know it, and this is probably the most important thing we know!

Daniele Prandelli
I Am in Wall Street Ltd

 

   

 

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DISCLAIMER
It should not be assumed that the methods, techniques, strategies or indicators presented in these e-mail, book, website or Blog will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented in this e-mail, book, website or Blog will be successful for you. Past results are not necessarily indicative of future performance. The examples presented in this e-mail, book, website or Blog are for educational purposes only. The data used is believed to be from reliable sources but cannot be guaranteed. The methods presented are not solicitations of any order to buy or sell. The author, publisher, and all affiliates assume no responsibility for your trading results, and will not be liable for any loss, damage or liability directly or indirectly caused by the usage of this material. There is considerable risk of loss in Futures, Stock and Options trading. You should only use risk capital in all such endeavors.

 

 

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