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# Forex Trading Fact - If You Try and Predict In forex Trading You Will Lose

Most forex traders think they have to predict where currencies will go next to win but this relies on hope and guessing and the market will kill you a?? most novice forex traders make this mistake and lose. There is another way and it will make you money so leta??s look at it.
The Myth of Market Prediction
There are many people on the net that claim you can predict markets in advance and their Wrong and the facts confirm this:
1. If you could predict prices in advance with scientific theory then we would all know the price and there would be no market a?? thata??s common sense! A market is market because ita??s unpredictable and moves because people hold different opinions.
Now you get a lot of scientific theories the king being Elliot wave but that never made Elliot any money and is not scientific its all subjective judgment a?? if its subjective its not a scientific predictive theory!
You also get Fibonacci numbers prices are supposed to retrace to exact levels but they dona??t a?? try it and lose. This theory is nothing to do with financial markets and was actually devised to solve a problem based on the copulation of rabbits! And has nothing to do with finance.
So if you cana??t predict how can you win?
You trade the odds and trade on confirmation and this means simply following price momentum.
For example if prices dip towards a level of support you dona??t assume it is going to hold - you WAIT and get confirmation and that means prices testing support and then turning up. You then trade with price momentum.
You are not guessing or hoping you are trading the reality of price.
If you dona??t use momentum indicators now is the time to learn. There are many indicators to choose from, but two of the best are the:
Relative Strength Index and Stochastic
Why the odds are in your favour?
You are trading the odds.
Forex is an odds game you will lose trades but if you trade with the odds, you will have more winners than losers and pile up big money over time.

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