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Are We All Gambling?

  • #181
  • Feb 14, 2019 12:54pm Feb 14, 2019 12:54pm
forex fortune must be forgotten.
you only have to rely on the logic.
and succeeds.
  • #182
  • Feb 14, 2019 2:16pm Feb 14, 2019 2:16pm
Quoting tiborf71
forex fortune must be forgotten. you only have to rely on the logic. and succeeds.
Hey there,

Well, the cluster of bad or good luck exsist and that's is the part when a tp or sl will be not or hit for a few pips. But for sure, if someone who trade will just say bad luck and so on he/she dosen't know what is doing and that's is totally different !

Regards
Don't be delicated, be vast and brilliant ! [Brent Smith]
  • #183
  • Feb 14, 2019 2:37pm Feb 14, 2019 2:37pm
Quoting Hyperfire
{quote} Hey there, Well, the cluster of bad or good luck exsist and that's is the part when a tp or sl will be not or hit for a few pips. But for sure, if someone who trade will just say bad luck and so on he/she dosen't know what is doing and that's is totally different ! Regards
for example, I don't open a position if luck has anything to do with the situation.
only based on logic.
  • #184
  • Feb 14, 2019 8:36pm Feb 14, 2019 8:36pm
There's gambling and then there's gambling. A slot machine is a game with no player edge. Poker might be. However if there's a difference between trading and gambling it is fine and legalistic.
  • #185
  • Feb 14, 2019 9:18pm Feb 14, 2019 9:18pm
This kind of thread is meaningless, useless and boring,,,
That which does not kill us makes us stronger
  • #186
  • Feb 15, 2019 10:00am Feb 15, 2019 10:00am
Quoting clemmo17
There's gambling and then there's gambling. A slot machine is a game with no player edge. Poker might be. However if there's a difference between trading and gambling it is fine and legalistic.
Poker is a game of skill... gambling is a game of luck...BIG difference.

K, sorry for the intrusion.. good bye and good luck gamblers hahahah
  • #187
  • Feb 15, 2019 10:27am Feb 15, 2019 10:27am
I guess some of us gamble in the forex trading market however many experienced traders and institutions trade according to the market behaviour and they makes money while other looses.
  • #188
  • Feb 15, 2019 12:11pm Feb 15, 2019 12:11pm
Anything you put your money into that has a chance of returning more or less, is gambling.

Trading is gamling
  • #189
  • Feb 18, 2019 3:38am Feb 18, 2019 3:38am
Quoting TEntropy
Looking to take a poll of the traders on here. What does gambling mean to you and are we as traders doing it? Does betting on anything probabilistic equate to gambling? Is it only gambling if you have a negative expectancy like playing roulette? If so, is the counter-part to your bet (the casino) not gambling? The dictionary definition of gambling is: 1. the activity or practice of playing at a game of chance for money or other stakes. Do you agree with this?
What does gambling to you? trading is not a gambling for sure, yeah it's a bit similar, at least here you can somehow to predict the outcome
  • #190
  • Feb 18, 2019 12:26pm Feb 18, 2019 12:26pm
Quoting OutThere
{quote} Then it is up to the participants to convince me, so far none did This is funny. maybe the title of the thread should be changed to: Convince LDFX that trading FX is gambling. Let me break it to you: You haven't convinced anyone that trading FX isn't gambling let alone it is like running a business. Positive expectancy is your only reason that I recall you have but cars have positive expectancy and they fail. Replace'cars' with just about any other thing that has a positive expectancy. Maybe I am wrong. Anyone has been converted from gambling...

I do not get it.

Defending my opinion doesn’t mean anything you said, I might be wrong or right, anyone can judge about that given their own knowledge and experience in FX trading.

I just keep on my thoughts until anyone did convince me.
LDFX Trading Ltd
  • #191
  • Feb 18, 2019 12:32pm Feb 18, 2019 12:32pm
Quoting TheFxAnalyst
{quote} Interesting you criticize a live account when all you have are demo's, many on MyFxBook that are completely blown up. You asked for enlightenment, I gave you some research to chase, you pivot off the argument and criticize something you apparently don't even do (trade real money). Hard to engage in logical conversations when people only live to argue. Not much more I can say or do at this point. I'll leave you to your beliefs, hopefully they work out for you when you actually start trading.
Of course man, come down, nothing is easier to criticize your live account giving the money you’re are losing, you just should be on demo, why aren’t you is the question ?
LDFX Trading Ltd
  • #192
  • Feb 18, 2019 2:14pm Feb 18, 2019 2:14pm
Right now, the poll numbers are even at 50/50 just like the market is looking balanced on this mostly holiday day.


However, tomorrow (or the days after), is a different story! A gust of wind is all that is needed to throw off a perfect plan.
Attached Image (click to enlarge)
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  • #193
  • Feb 18, 2019 2:48pm Feb 18, 2019 2:48pm
I think gambling is probably an old word in the dictionary and was never meant for taking into account the modern world of risk. Everything we do in life has an element of risk, trading is one of those things, if you are a trading novice or someone who hasn't got a good grasp of the way a market works then your risk level is extremely high and erring on simply gambling. Most decent traders who are making their business work, are smart risk takers and play the % game to their advantage. lol, maybe that simplifies it.
  • #194
  • Edited 4:30pm Feb 18, 2019 3:03pm | Edited 4:30pm
Quoting LDFX
{quote} Of course man, come down, nothing is easier to criticize your live account giving the money you’re are losing, you just should be on demo, why aren’t you is the question ?
There are at least 2 kinds of show offs.

1- Those who post their TE's and Myfxbooks and screenshots of their (hopefully real) accounts.

2- The worst kind that shows off by merely putting down others for not making enough money or incurring too much DD to finally succeed.

Here is another example: https://www.forexfactory.com/showthr...0#post11993920 and https://www.forexfactory.com/showthr...2#post12016152

I see that all the time. I can applause the first kind. They are inspirational after all. You know, you want to beat them.


The second type, passive aggressive hollow declaration of success that hinges on putting others down to raise oneself up with no proof. As if their high handed moral authority of judgement over how others do it, makes them a superior and aloof god to bestow their words upon the mere mortals that have not attained success the way those gods done it themselves.

What is the stench here? Oh, it is arrogance.

Please don't do it. Thanks a bunch.
  • #195
  • Feb 19, 2019 8:36am Feb 19, 2019 8:36am
https://www.wealthsimple.com/en-ca/m...brand_magazine
  • #196
  • Feb 19, 2019 11:18am Feb 19, 2019 11:18am
Quoting OutThere
https://www.wealthsimple.com/en-ca/m...brand_magazine
Greetings everyone,

Really interesting, thanks for share !
Don't be delicated, be vast and brilliant ! [Brent Smith]
  • #197
  • Mar 6, 2019 1:14pm Mar 6, 2019 1:14pm
Quoting LDFX
{quote} If I open a business, say a restaurant, would that be gambling ?
No, but your friend open a business and you bet his successs, that is gambling. You are just betting your friend business.
  • #198
  • Mar 7, 2019 1:36am Mar 7, 2019 1:36am
gambling is a pure luck game whereas trading is about speculation where you can predict the result by various strategies and tools. so i don't think trading is gambling
  • #199
  • Mar 8, 2019 3:09pm Mar 8, 2019 3:09pm
Quoting minnieme
gambling is a pure luck game whereas trading is about speculation where you can predict the result by various strategies and tools. so i don't think trading is gambling
gambling is not always pure luck game. it depends. rolling a dice or roulette depends on luck. blackjack to some extend, is more based on statistical calculations and can be profited but still considered gambling.
forex is gambling but applying statistical data to analysis may give some edge. you can predict the outcome to some extend that way but correctness of those predictions are always never accurate to characterize forex as business.
As Above, So Below
  • #200
  • Mar 8, 2019 3:44pm Mar 8, 2019 3:44pm
Quoting minnieme
gambling is a pure luck game whereas trading is about speculation where you can predict the result by various strategies and tools. so i don't think trading is gambling
I see you're from Greece.. Lol teaching English to the English ppl is fun isn't it.
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