Menu
Sister Sites

  • Trading is gambling. But so is going to a 9-5 or marrying your spouse – Our whole life is a gamble

    From tradeciety.com

    Traders always want to tell themselves that what they are doing isn’t gambling and that, because you can have an edge, trading is a ‘safer’ way to make a living. This is simply not true but it doesn’t really matter either. The term gambling just describes an activity where one places a bet on an event with an uncertain outcome, wagering something of value. If trading doesn’t fit this definition 100%, I don’t know what does. Wikipedia definition Gambling is the wagering of money or something of value (referred to as “the stakes”) on an event with an uncertain outcome with the primary intent of winning ... (full story)

That's why you sell courses , eBooks & Guru BS right?
oh well trading is gambling or not it depend our thinking coz whole life is gambling too for ex: u take it now or never... isn't it a gambling?
  •  Guest
  • | IP XXX.XXX.98.67
if you have insider info it is not gambling
hahahaha well that is strange if u guys say it !

i think it depends on which situation u r in !
EX: u trading high volatile news where very highly u r gambling !
u r trading as normal u r not gambling how ? u hv RM/MM these 2 makes it little deferent
from gambling !
  •  Guest
  • | IP XX.XXX.117.14
If I go to a casino and play 1,000 hands of baccarat it is not gambling. It is a certainty that I will lose money.

If I make 1,000 trades where I trade properly, follow my method, stay disciplined, accept my loses without mental anguish, without the need to alter my method. It is a certainty that I will profit.

A single trade has uncertainty, 1,000 trades is without doubt (win or lose).

Losing multiple consecutive trades, but staying with the method is a glorious thing and is the gateway to profitability.
I think he lose alot of money, so he start to think it is a gamble
I think trading is gambling. I also think forex markets are random walk and levy flight based on many articles that I've read. FX is a zero-sum game filled with the top notch competition from the mega banks and other financial institutions. The majority of us retail fish don't stand a chance and that's why the majority of us fail.
It's gambling....all you have to do is see your broker stop hunting....or watch the news do the opposite to what it should. Or see brokers like Forex.com completely lock up their platform at 300 pips when G/J goes 900.....like last week during the flash crash.

It's like dealing with bookies. Forex is the worse criminal organization in the world. If JP Morgan is involved than it's like the mob.
Quoting edisoho
I think he lose alot of money, so he start to think it is a gamble
I bet you lose a ton.
Quoting Guest
If I go to a casino and play 1,000 hands of baccarat it is not gambling. It is a certainty that I will lose money.

If I make 1,000 trades where I trade properly, follow my method, stay disciplined, accept my loses without mental anguish, without the need to alter my method. It is a certainty that I will profit.

A single trade has uncertainty, 1,000 trades is without doubt (win or lose).

Losing multiple consecutive trades, but staying with the method is a glorious thing and is the gateway to profitability.
You mean like the glorious stop hunt! Is that part of your method?
  • New Comment
  •  Guest
  • | IP XX.XXX.79.149
Join FF
  • Story Stats
  • Posted: Oct 19, 2016 10:12am
  • Submitted by:
     Newsstand
    Category: Educational News
    Comments: 10  /  Views: 4,301