Posted 1 day ago
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I have found trading the currency markets to be more difficult than trading stocks as the currency markets are more volatile/random and so you are more likely to be stopped out of your position shortly after entering, resulting in a loss. Currency markets only trend maybe 20-30% of the time, so expect to take some losses. It is possible to get lucky, but longer term its a no for me ... at least when using UTP system. If you are able to consistently predict when a new trend is starting and that trend is nice and relatively smooth, then it should be possible to make money with UTP system, but in order to profit you will have to make back the losses from all the failed breakouts first ... good luck with that.