I won't comment on whether trading is gambling, but I will address some statements of those who think it is not.
You think gamblers can't aim to find situations that give them positive expectancy?
Which would be futile. The casino collects the spread and commissions - we pay them. Having an advantage doesn't make us the house.
No, they try to make sure the odds are always in their favour. It's actually not the case, but most casino patrons don't know any better.
Do you think that professional gamblers are any less serious than professional traders? Consider that De Niro played a sports/racing bettor in that movie - do you think his character would have taken that any less seriously?
Dislikedhttp://cdn.forexfactory.com/images/smilies/yim/sigh.gifEverytime I read about guys who like to gamble approaching Forex the same way I just gotta roll my eyes. Like watching a slow moving train wreck.Ignored
QuoteDislikedsuggesting instead of trying to be the gambler it is more accurate that we are trying to be the casino.
QuoteDislikedThe casino consistently makes money. The casino is subject to the same math as the gambler but they ALWAYS always always make sure the odds are in their favour...ALWAYS.
QuoteDislikedEveryone remember the 1995 movie "Casino" with Robert Deniro? Remember how he approached gambling when he ran the Casino? He was looking at it from the casinos side. He took it very seriously and understood all the angles.