Is Market timing essential and possible for succesful trading?

[QUOTE
  1. Day traders with strong past performance go on to earn strong returns in the future. Though only about 1% of all day traders are able to predictably profit net of fees. 1
="SimpleMeLike, post: 4373731, member: 483534"]Hello,

I disagree. If a trader can not make money "betting on past price behaviour", then what is trading all about? Why do people backtest ideas with historical data that can possibly make money?

I am referring to day trading.[/QUOTE]

Day trading is an illusuion

technical analysis dax signal

I lose money , if I day trade .period .I don't lose money writing or trading longer period options.

Day trading is like going to a casino and betting on roulette.

http://www.tradeciety.com/24-statistics-why-most-traders-lose-money/

  1. Among all day traders, nearly 40% day trade for only one month. Within three years, only 13% continue to day trade. After five years, only 7% remain. 1
 
I think each trader having different method and not always same each other, some success trader I am ever reading he as technical trader but also usually they stay away from news high impact, and some fundamental trader also can success with their experience, in my opinion is most important is we understand what we do
 
radex78 said:
Great trading system, but whether method only for trading DAX and can't implemented on forex?
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No

Because forex rarely trends , especially during the day , and most trends get chopped out on forex .Forex is also unpredicatable , very noisy trends and much lower volatility in comparison to dax .Dax is more volatile than U S indexes , it is predictable with correlations of other indices , is highly volatile , options are very liquid , and once you catch a good entry you quickly get points sometimes within minutes.Dax also respects supports and resistances.
 
Trading Education Buyer said:
No

Because forex rarely trends , especially during the day , and most trends get chopped out on forex .Forex is also unpredicatable , very noisy trends and much lower volatility in comparison to dax .Dax is more volatile than U S indexes , it is predictable with correlations of other indices , is highly volatile , options are very liquid , and once you catch a good entry you quickly get points sometimes within minutes.Dax also respects supports and resistances.
More...
Seems interesting trade on Dax, indeed in forex as my experience sometime movement very dynamic and not always easy to identity trend ahead, one advantage that attract to trying forex because can using small funds because I am as small trader that still use small funds, and still there opportunity to manage the risk to increasing funds
 
radex78 said:
Seems interesting trade on Dax, indeed in forex as my experience sometime movement very dynamic and not always easy to identity trend ahead, one advantage that attract to trying forex because can using small funds because I am as small trader that still use small funds, and still there opportunity to manage the risk to increasing funds
More...


Another trade easy to time and enter , you need good mental skills

technical analysis dax signal

If forex was great , I would say it!
 
Yes market timing is essential when trading. A lot of times there is more market volatility in specific times of the day than others. But also as a trader you have to be aware of the reports that come out during the day/week and how they affect the markets. In my opinion market timing is possible for successful trading BUT you also have to be disciplined as well and learn to not overtrade or take a losing trade.
 
Bobby Jay said:
I agree completely! Trends don't fail, traders do. And if you don't know the trends of the market or you consistently trade against them it will cause pain and losses.
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Exactly; the whole point of trend trading /trading trend$ is they tend to last. Not a prediction
 
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