subject: Avoid Predicting the Emini Trading Market [print this page] It can be really easy to make assumptions about the way the market is going and make a decision based on that. However, when trading eminis, one wrong prediction can result in the loss of a lot of money. For this reason, it is important to avoid making quick assumptions and predictions when trading, and instead base your decisions on reality.
Trading signals show us what is going on in the market and how the numbers are changing. An experienced trader knows how to read these signals and can attempt to make educated predictions based on them, as well as on past trends. It's a good idea to back test the market and play it out in your head what you would have done in that situation. After all, history repeats itself.
The best way to make decisions is to focus on strategy trading. Having strategies for all types of situations is the best way to make the best and most profitable decisions. Your decisions should be based on what is actually happening right when you are taking action, not what you think is going to happen in the future. By focusing on what is actually happening in the market, you are not focused only on your prediction. You are able to move and make decisions with the market, not risking making a decision against it. The platforms you use will keep you up to date on exactly what the market is doing and where it is going. This information is how you should make your decisions.
Trading involves a lot of risks. Some days you might lose money, but hopefully most days you will come out positive. A tight risk management plan is the best way to feel comfortable with trading and to eventually end up with a profit. It's important to avoid assuming or making predictions about which way the market is going and instead focus on the now.
