Advanced Trading Psychology - The Problem with Trading Probabilities | Trading Pychology

Trading is a probabilistic activity. We work with odds, not certainty, and this causes the biggest of all problems for untrained traders. Your brain confuses high probability for certainty, sees false patterns in noise, and fails to understand how your trading system even works. This video explains how System 1 operates with trading probabilities. This is the seventh lesson in the advanced trading psychology course Derren Brown's "The System": https://www.youtube.com/watch?v=9R5OWh7luL4 Psychology Advanced Course: https://www.youtube.com/playlist?list=PLpxj0ZlW-DD_EJet2ydP2XczwoRkFjg6T Psychology Basics series: https://www.youtube.com/playlist?list=PLpxj0ZlW-DD_x7G1AXcOxwZQNssisrg9A Full Trading System: https://www.youtube.com/watch?v=wZb8XJbhY4A Get 1-to-1 Mentoring: https://jamestilstead.com/ * The information provided in this video is intended for educational purposes only and is not to be construed as investment advice. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. There is a possibility you could sustain losses of some, or all of your initial investment and therefore seek independent financial advice if you have any doubts.