Is there a so-called ‘Trial and Error’ in Forex? or Forex itself consists of trial and error?
Just wondering…
“Trial and Error” means to try something and see if it works. If it doesn’t, then modify your strategy and try again. Keep doing that until it works properly. It’s not specific to Forex.
How come it’s not specific to Forex? In what way? Because as far as my understanding is concern, in terms of trading, in order to be able to be profitable in the long run, it is better to test the system or strategy if it works… correct me if i’m wrong…
He just means trial and error is an expression that is used for many things, not just forex.
You’ve got it right though: "in order to be able to be profitable in the long run, it is better to test the system or strategy if it works… correct me if i’m wrong… "
Okay, I get it! Thanks for clarifying it…