Trading is not Science

I agree on the note that trading is not science. It is an art in fact. There are not certain rules, strategies that can guarantee that a trader make money out of those. It is certainly possible to make money by using some strategies. It means it is not the strategy that helps traders make money. It is about how to apply, when to apply, when not to apply, and where to apply. These answers are to be found by a trader himself by back testing over and over again.
 
Trading is about to have a solid edge i.e.understand what you have discovered (pattern) that have predictive power that hasn't been discovered by other traders. If you fail to realise how you win the competition then all profits or losses are probably random
 
I'd say it's science and art both.
Setting up your environment, creating your strategy, continually testing and learning are all science driven, but the interpretation of that data based on your context is art.
 
Perhaps, it is the question of what you imply in the concept of science and art.
As for me, I think that trading is more about science than the art. I mean that, of course, it is not like some physical experiment when you are able to predict the outcome in all of the cases and the outcomes are the same in the same conditions. However, trading deals with the probabilities and the ability to calculate those probabilities determines your trading results. Such an ability finds it representation in determining the stop losses and other ways of securing your risks, like calculating the best position size in this or that deal.
As for the art, I think it has nothing to do with trading. The main purpose of art, according to different definitions, is to express the inner world of an artist.
 
I'd say it's science and art both.
Setting up your environment, creating your strategy, continually testing and learning are all science driven, but the interpretation of that data based on your context is art.
Yes, it isn't so black and white - forex isn't "just" a science or "just" an art. I surely was in the team science when I just started, and I firmly believed that a good strategy can predict results with good enough precision. But now, not so sure. The market is... chaotic. Yes, it follows certain rules, but the data is so vast, there are so many variables that you can easily get lost. I always compared it to weather forecasts: they often are hit or miss, even though we know how the weather works, because there's just too much data.
 
Forex in my view is about how to manage money to make money, and here also depending on skill to analyze the market behaviour, yes forex is not science, although we know about support and resistance, the forex market is dynamic, but here required good understanding to choose the pair to trade, fundamental news may impact the currency.
 
Forex in my view is about how to manage money to make money, and here also depending on skill to analyze the market behaviour, yes forex is not science, although we know about support and resistance, the forex market is dynamic, but here required good understanding to choose the pair to trade, fundamental news may impact the currency.
That is actually nicely explained.
 
Yes, it isn't so black and white - forex isn't "just" a science or "just" an art. I surely was in the team science when I just started, and I firmly believed that a good strategy can predict results with good enough precision. But now, not so sure. The market is... chaotic. Yes, it follows certain rules, but the data is so vast, there are so many variables that you can easily get lost. I always compared it to weather forecasts: they often are hit or miss, even though we know how the weather works, because there's just too much data.
Glad we’re on the same page. :)
 
Trading is definetely a science but not like arithmetics, it is more complicated.
Trading deals with the probabilities which should be counted by the traders if they want to be a success and make profits. It is a common knowledge that nothing is sure in trading and there is always some probability of everything going not according to your plan. THat is why traders made up such things as money and risk management in order save their budgets from the serious losses caused by occasional fluctuations. More than that, indicatoes are also not always accurate, but they can be used to improve your trading results if you use them wisely.
 
Trading is difficult, painstaking work. It's not a casino, it's not a game of luck. It is subtle, very time-consuming work. Trading is a concept of the basics of the world economy. A good trader is a demigod.
Naturally, there are a lot of indicators. MA, MACD, DMI, Stoch, Bollinger, CCI, ADX. RSI, TRIX etc. more than a hundred. There are many trading strategies as well - Elliott Waves, Williams' Fractals etc....Fibonacci, not even a strategy, it is one of the indicators. It does not give a 100% guaranteed result. A good, balanced system (strategy + a couple of indicators, modeled by the trader for the maximum clear entry and exit, for different time-parameters and different currency pairs, (each trader has his own) gives 85-90% of the correct signals for entry - exit, but no more.
 
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