The 95% are gambling, while the 5% are not.
Trading vs gambling 97 replies
Trading IS Gambling... 46 replies
Forex Trading or Gambling 21 replies
Similarities between CADJPY & USDJPY? 0 replies
trading or gambling? 14 replies
DislikedProbably more similarities than differences. If you're an experienced trader you can most probably gauge when odds are in your favor more times than not. Of course in trading odds cannot be calculated like they can be in a game of cards at a casino table. So the odds are perceived in trading. It's in detecting these opportunities of perceived advantage with consistency where skill and experience comes in to play.Ignored
DislikedSimilarities:
Trade everyday - Gambler
Trade Short term - Oportunistic/Gambler
Diff:
Trade Mid/Long term - Investor.Ignored
DislikedI very agree with this opinion,,,,,,,,,,,,,,,,
but don't forget in professional gambler also requires <<detecting these opportunities of perceived advantage with consistency where skill and experience comes in to play.>>
sorry not intent to be rude
thank youIgnored
DislikedNo need to apologize. That is a good response and I understand what you are saying. It is true that there is an element of perceiving in a game of cards, but the odds can be calculated more definitively as opposed to calculating the outcome of a currency trade. We know how many types of each card there are in a deck. Therefore we can "count" cards and gauge probabilities with greater accuracy. With the market, anything can happen. The range of possible circumstances is greater in the world when compared to drawing cards. There is also a difference...Ignored
Dislikedgot it,,,,,,,
I finally found the answer one among
the difference between trading with gambling
good explanation,, for this temporary,, thank you very much,,
best regards
wenIgnored
Dislikedyes agree,
similar to my earlier post on my horse racing system.when the bookies deem a horse above odds on ,ie,1/2 there effectivly widening the spread.pricing us out.the edge as we call it stares us in the face.
thats why i said are we still gambling ?at this point id say not,although i still need to place a BET to winIgnored
Dislikedhi wendy,
you have now posted 3 songs all old favorites of mine,
change is somthing many shy away from.its frightens most.but its what we do.its somthing we cant stop.this song by the sex pistols and there other tracks were dificult for the mainstream to except but looking back in the history they had a profound effect on music and culture.all these subtle changes lead to the now
http://www.youtube.com/watch?v=WIXg9...yer_detailpageIgnored
DislikedProbably more similarities than differences. If you're an experienced trader you can most probably gauge when odds are in your favor more times than not. Of course in trading odds cannot be calculated like they can be in a game of cards at a casino table. So the odds are perceived in trading. It's in detecting these opportunities of perceived advantage with consistency where skill and experience comes in to play.Ignored
DislikedMy definition, FWIW:
Profitable trading is the exercise of consistently applying a proven edge.
Gambling is anything that falls short of that.Ignored