Forex Prediction is impossible when anything is possible

Plain and simple really, when anything is possible prediction becomes impossible.

This is a great video which can be applied to the markets. So before I get people attacking me here based on this statement, I would seriously recommend you to approach this with an open mind and begin watching from 3.40 in this video until at least 9.00 to see the effects of how a chaotic system behaves, and the effects this has on it.

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I hope to be able to see some interesting discussion here.

And to be clear, I'm not stating that returns can't be made from the market, not at all, but what I am saying is returns cannot be made based upon on our own analysis. This is because there are greater external forces at hand here beyond us that far exceed what we as humans are capable of making accurate predictions from.

So, what am I talking about here?

Put simply and truly, luck, otherwise known as chance.

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I would also recommend watching from 6.40 - 10.00 detailing how this is an inevitability of the market.

I hope to be able to shed some harsh realities here so that traders here can be better equipped when taking on the markets, and doing so with the right type of psychology and in a non-egotistical manner.

Because to think you can really have a say where a currency or stock is going, you are fooling only yourself.

Source.