Disliked{quote} I agree that determination in itself is not enough. You need a methodological edge. The material presented by the Wizard of Odds discusses both (1) gameplay that's specific to casino games; and (2) money management (staking systems) which is universally applicable, i.e. including forex. (1) Gameplay Roulette is an example of a casino game that can't be beaten (unless the wheel is physically biased), because the playing conditions remain constant. No matter what gameplay the punter uses,...Ignored
but first if you count a trading in forex as gambling so every thing in the world it is gambling (shops,rent houses, stock markets, building malls and rent it etc) but with different rate of gain back you capital - every thing in the world have risk,gain,loss but with different numbers
easy example:-
two guys me and you
we want to open a (shop) and we need 150K
- i take loan 150K from bank and rent a shop and within a week buy some goods in bulk and start selling
- you start saving money for a year and askedu two of your expert friends to join you
every member withdraw 50K from his saving account and start the shop.
normally my shop will close soon because i didnt do any planing or risk management and i have to pay for the loan that i toke from the bank
in the other hand you dont have any loans you have some expert guys that if any problem happened they will help you