the difference between a broker and a casino? | Forex Factory

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the difference between a broker and a casino?

  • #1
  • First Post: Mar 21, 2019 3:00am Mar 21, 2019 3:00am
The other day I seriously stopped to think.
I thought specifically about casinos, being also a lover of games like roulette, I know very well that these activities are not even remotely comparable to trading.
But I thought ... what do a broker and a casino have in common?
A casino knows that a person can sit, play 3 games and make a lot of money.
But he also knows that psychologically he will entice the person to stay at the table, and sooner or later he will return everything with the interests, because the advantage is always on the side of the dealer.
In trading we have 50%, but the broker has the commissions or the spread on his side, so a little extra advantage.
He knows that psychologically he can deceive you and keep you trading. Very few people earn and retire the next day.
In the history of trading, we study people who have really gained so much on the stock exchange, when there was still no network connecting all the markets and a platform to operate 24 hours a day.
They printed the daily charts and called the bank to carry out the orders ...
So if you were a broker, what would you prefer?
A customer who makes 3 trades every month. Or a customer who makes 3 trades a day?
it is in the interest of the broker that we do HIGH FREQUENCY TRADING.
it is in your interest to earn from your spreads or commissions.
Perhaps the problem is not really that we spend too much time clicking and having little time to study?
I'm thinking about this.
  • #2
  • Mar 21, 2019 3:33am Mar 21, 2019 3:33am
The brokers always have an edge, but what do gamblers have in common? What "EDGE" do gamblers have when they go to the casino? Think deep into this question and start to find "Market Flaws".
  • #3
  • Mar 21, 2019 3:39am Mar 21, 2019 3:39am
Quoting TradeMinim
The brokers always have an edge, but what do gamblers have in common? What "EDGE" do gamblers have when they go to the casino? Think deep into this question and start to find "Market Flaws".
In fact I'm not saying you can't win.
For that matter, there are also professional gamblers.
I'm just saying that you would make more money sometimes getting your hands in your pockets than your mouse.
  • #4
  • Mar 21, 2019 3:46am Mar 21, 2019 3:46am
Quoting gian97
{quote} In fact I'm not saying you can't win. For that matter, there are also professional gamblers. I'm just saying that you would make more money sometimes getting your hands in your pockets than your mouse.

Anything is possible
  • #5
  • Mar 21, 2019 3:49am Mar 21, 2019 3:49am
I don't want to misunderstand
I don't mean that you can't make money with intraday
but surely one person out of 100 can do it
it is in the broker's interest to give you colored arrows and oscillators to let you know that you can make money from today to tomorrow.
But big speculators have invested so much in big movements, they haven't done scalping for 10 pips.
  • #6
  • Mar 21, 2019 7:40am Mar 21, 2019 7:40am
I'm starting to study a strategy that allows me to make only 3 trades a month with a high probability and 1:1 RR.
If anyone has any suggestions, they are welcome
  • #7
  • Mar 21, 2019 12:09pm Mar 21, 2019 12:09pm
If anyone select a trusted broker and trade accordance to the trend and high impact news he definately winsa lot from forex. There is a lot of differance between casino and a broker beacuse forex market is based on economy and good directions of acountry.
  • #8
  • Mar 21, 2019 2:27pm Mar 21, 2019 2:27pm
Quoting Khattak5560
If anyone select a trusted broker and trade accordance to the trend and high impact news he definately winsa lot from forex. There is a lot of differance between casino and a broker beacuse forex market is based on economy and good directions of acountry.
This is not the theme. I am sure that the mind can be extended more and begin to believe that those who give you the chance to trade even with a 100 euro deposit do not want your success

I want to clarify that they are not excuses, I am currently profitable. it's just my reflection
  • #9
  • Mar 22, 2019 5:14pm Mar 22, 2019 5:14pm
Quoting TradeMinim
The brokers always have an edge, but what do gamblers have in common? What "EDGE" do gamblers have when they go to the casino? Think deep into this question and start to find "Market Flaws".
There are no edge at all with gamblers, they go there totally not knowing what to expect. But it's different with the other.
  • #10
  • Mar 22, 2019 9:48pm Mar 22, 2019 9:48pm
Quoting Bryn23
{quote} There are no edge at all with gamblers, they go there totally not knowing what to expect. But it's different with the other.

They do, the gambler's perspective or the market maker's perspective paired with a fixed set of rules so it's not too discretionary or based on feelings
  • #11
  • Aug 19, 2020 6:17am Aug 19, 2020 6:17am
I think that at tranding you can earn more money than in casino. But it is a two different way to win money. At casino I think we have more exciting emotions.
  • #12
  • Aug 19, 2020 6:48am Aug 19, 2020 6:48am
All casino websites will block your account without any explanation if you're earning money.
  • #13
  • Aug 20, 2020 2:48am Aug 20, 2020 2:48am
Casinos are games of chance. You have no idea what will happen next and never will. The game's odds reset at the close of each attempt, so the last game has nothing to do with the next game. You either win and pay the juice, or lose all that you risked.

Trading allows you to validate a trade before you risk your money. If you win, you pay the juice (spread) and keep the rest. If you are wrong, you can close the trade, pay the juice, and recover some of your risk. Price moves incrementally, not by chance, so the recent activity can be used to predict future activity most of the time. The exception would be news releases which have their own set of probabilities. Of course you have to use recent data. Lines connecting past trades are not recent data. They have nothing to do with the current trade, so they are not recent. Data is numerical, not art, so they are also not data. Recent data refers to the pricing from the current entry to the current exit.
You cannot be extraordinary by being normal
  • #14
  • Aug 20, 2020 3:42am Aug 20, 2020 3:42am
irrelevant, I realized one thing: anyone on this forum who is active a lot and constantly, constantly teaching strategies ... surely he hasn't been successful (don't understand the true nature yet) of the transaction)

be happy !!!
Trading in the zone
  • #15
  • Aug 21, 2020 2:03am Aug 21, 2020 2:03am
Quoting hao
irrelevant, I realized one thing: anyone on this forum who is active a lot and constantly, constantly teaching strategies ... surely he hasn't been successful (don't understand the true nature yet) of the transaction) be happy !!!
I have to completely agree.
he who trades seriously is not engaged in teaching.
  • #16
  • Aug 21, 2020 2:47am Aug 21, 2020 2:47am
In a Casino you get free drinks and you might have some fun.
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 17.5%
  • #17
  • Aug 21, 2020 10:55pm Aug 21, 2020 10:55pm
There is analysis in casino, studies, every bet depends on the player, strategies, studies..... There is a lot of similarity with day trade, what differentiates the pieces are chess
  • #18
  • Aug 21, 2020 10:59pm Aug 21, 2020 10:59pm
Quoting hao
irrelevant, I realized one thing: anyone on this forum who is active a lot and constantly, constantly teaching strategies ... surely he hasn't been successful (don't understand the true nature yet) of the transaction) be happy !!!
I do not agree, the learning stop only when you give up your goal, no one ever knows everything, life is a school and every minute is a new puzzle assembled, who teaches the little that knows ends up learning even more with the exchange of knowledge
  • #19
  • Aug 22, 2020 12:38am Aug 22, 2020 12:38am
Broker and casino are the same. Corporations that own casino website also own broker website.
Forex traders like to believe they're better than gamblers.

Define gamble? If you have an edge and know the expectancy of your next thousand trades, is your next trade considered a gamble?

Sure, most gamblers will lose, but a few really know what they're doing.
Sure, most Forex traders will lose, but a few really know what they're doing.
  • #20
  • Aug 22, 2020 3:05am Aug 22, 2020 3:05am
Quoting Phil_GMT
In a Casino you get free drinks and you might have some fun.
Amen, brother!
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