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  • #1,181,781
  • Sep 1, 2020 11:25pm Sep 1, 2020 11:25pm
Quoting Techanalyst
{quote} Trading is not gambling. If you gamble with trading, you will lose so fast. You have better chance gambling at casino than trading. So to sum it all up: Trading is not gambling. If you gamble in trading, well you should consider another career. Trading is business. Not gambling. https://www.dailyforex.com/forex-art...-gambling/1957
What is gambling off what dose gambling mean
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  • #1,181,782
  • Sep 1, 2020 11:25pm Sep 1, 2020 11:25pm
Quoting pgidia
{quote} As I said earlier gambling is named in different form Here you used TRADING In simple terms where you loose or win it is gamble And Business is for brokers who never loose whether you win or loose
No.
  • #1,181,783
  • Sep 1, 2020 11:27pm Sep 1, 2020 11:27pm
Quoting mistaouting
{quote} What is gambling off what dose gambling mean
Gambling is taking part in any game or activity in which you risk money or a valuable object in order to win money.
A few examples include:

  1. Lotteries (Lotto 6/49, Lotto Super 7)
  2. Instant lotteries (7 chanceux, other scratch cards)
  3. Bingo
  4. Betting on billiards or pool
  5. Card games (poker, blackjack, etc.)
  6. Private sports betting/sports lotteries (Mise-au-jeu)
  7. Casino games (slot machines, roulette, Keno)
  8. Video lottery terminals
  9. Internet gambling
  10. Dice

  • #1,181,784
  • Sep 1, 2020 11:28pm Sep 1, 2020 11:28pm
Quoting Techanalyst
{quote} ...Trading is not gambling. Just because something is risky, does not make it gambling.
I tried making this point days ago. The effort is futile.

The issue of disagreement has to do with people not properly defining terms.
Learn from your mistakes and march on.
  • #1,181,785
  • Sep 1, 2020 11:30pm Sep 1, 2020 11:30pm
Quoting here2there
{quote} I tried making this point days ago. The effort is futile. The issue of disagreement has to do with people not properly defining terms.
Well that should answer traders question. If they think trading is gambling, that is the first problem they need to work on. If they keep gambling, they will lose the whole account. Once they start approaching this as business, you have discipline, money management, a good strategy, you will make a lot of money.
  • #1,181,786
  • Sep 1, 2020 11:32pm Sep 1, 2020 11:32pm
Quoting Techanalyst
{quote} Trading is not gambling. If you gamble with trading, you will lose so fast. You have better chance gambling at casino than trading. So to sum it all up: Trading is not gambling. If you gamble in trading, well you should consider another career. Trading is business. Not gambling. https://www.dailyforex.com/forex-art...-gambling/1957

As per this article there are 5 points difference
1. Numbers

2. Players

3. Tools

4. Emotions

5. Strategies

Now let me tell you this five things are even there in casino gambling

1. Numbers - There are everywhere in casino trading

2. Players - In forex they are called traders / investors

3. Tools - In Roulette Table you will find on screen showing Hot Zone Cool Numbers percentage where it has fallen most etc

4. Emotions - Gambler also have emotions in Trading

5. Strategies - In roulette you can use strategies like selecting Odd and keep on doubling till you win there is also strategy of card counting and many more
PaRaM
  • #1,181,787
  • Sep 1, 2020 11:32pm Sep 1, 2020 11:32pm
Quoting Techanalyst
{quote} Gambling is taking part in any game or activity in which you risk money or a valuable object in order to win money. A few examples include: Lotteries (Lotto 6/49, Lotto Super 7) Instant lotteries (7 chanceux, other scratch cards) Bingo Betting on billiards or pool Card games (poker, blackjack, etc.) Private sports betting/sports lotteries (Mise-au-jeu) Casino games (slot machines, roulette, Keno) Video lottery terminals Internet gambling Dice
Well by that definition your taking part in a activity (trading forex) risking money to make money
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  • #1,181,788
  • Sep 1, 2020 11:34pm Sep 1, 2020 11:34pm
Quoting Techanalyst
{quote} Well that should answer traders question. If they think trading is gambling, that is the first problem they need to work on. If they keep gambling, they will lose the whole account. Once they start approaching this as business, yo uhave discipline, money management, a godo strategy, you will make a lot of money.
Interestingly, each time one of us places a trade, we are essentially making a purchase. But we do so in hopes of gaining a return on our investment. Therefore, it's not really gambling but investing in order to build capital and potentially make a living.
Learn from your mistakes and march on.
  • #1,181,789
  • Sep 1, 2020 11:35pm Sep 1, 2020 11:35pm
Quoting here2there
{quote} Interestingly, each time one of us places a trade, we are essentially making a purchase. But we do so in hopes of gaining a return on our investment. Therefore, it's not really gambling but investing in order to build capital and potentially make a living.
Very well put, thanks.
  • #1,181,790
  • Sep 1, 2020 11:35pm Sep 1, 2020 11:35pm
Quoting Techanalyst
{quote} Well that should answer traders question. If they think trading is gambling, that is the first problem they need to work on. If they keep gambling, they will lose the whole account. Once they start approaching this as business, you have discipline, money management, a good strategy, you will make a lot of money.
Those are skills of good gamblers

Your looking at market structure like a poker player looks at his hand he weighs the odds and decides how much he wants to bet... Sounds like risk management....
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  • #1,181,791
  • Sep 1, 2020 11:35pm Sep 1, 2020 11:35pm
Trading is not gambling. IF you're gambling in trading, you are in wrong business. Go and gamble in casino or play lottery.

Trading is not gambling.
  • #1,181,792
  • Sep 1, 2020 11:37pm Sep 1, 2020 11:37pm
Quoting mistaouting
{quote} Those are skills of good gamblers
Gamblers have no skills. That's why they gamble. That's it.
  • #1,181,793
  • Sep 1, 2020 11:40pm Sep 1, 2020 11:40pm
Quoting Techanalyst
Trading is not gambling. IF you're gambling in trading, you are in wrong business. Go and gamble in casino or play lottery. Trading is not gambling.
If EURUSD is trending up strongly and I trade against the trend, then I am gambling. I might as well flip a coin if I am going to trade without giving any thought to what I am getting myself into. But if I am moving with the trend, I am making a wise financial decision to invest in the Euro because it is clearly increasing in value. That is not even remotely close to flipping a coin (gambling).
Learn from your mistakes and march on.
  • #1,181,794
  • Sep 1, 2020 11:41pm Sep 1, 2020 11:41pm
Quoting here2there
{quote} If EURUSD is trending up strongly and I trade against the trend, then I am gambling. I might as well flip a coin if I am going to trade without giving any thought to what I am getting myself into. But if I am moving with the trend, I am making a wise financial decision to invest in the Euro because it is clearly increasing in value. That is not even remotely close to flipping a coin (gambling).
Thank you! That is what I am trying to explain, but it does not sink into some people's brain. Well, let them gamble. We will trade and approach this as a business and make money.
  • #1,181,795
  • Sep 1, 2020 11:43pm Sep 1, 2020 11:43pm
Quoting Techanalyst
{quote} Gamblers have no skills. That's why they gamble. That's it.
Card Counting isn't that counted as skill ???
PaRaM
  • #1,181,796
  • Sep 1, 2020 11:45pm Sep 1, 2020 11:45pm
Quoting here2there
{quote} If EURUSD is trending up strongly and I trade against the trend, then I am gambling. I might as well flip a coin if I am going to trade without giving any thought to what I am getting myself into. But if I am moving with the trend, I am making a wise financial decision to invest in the Euro because it is clearly increasing in value. That is not even remotely close to flipping a coin (gambling).
So just bcoz someone traded against Trend he is gambling
And what about who are with Trend and bought yesterday at 1.20 wasn't that gamble ??
PaRaM
  • #1,181,797
  • Sep 1, 2020 11:46pm Sep 1, 2020 11:46pm
Quoting pgidia
{quote} Card Counting isn't that counted as skill ???
Let's stop stretching this. You will not convince me that trading is gambling. As I have provided you the prove that it is not.

Trading is not gambling. But if you want to gamble, go for it.
  • #1,181,798
  • Sep 1, 2020 11:46pm Sep 1, 2020 11:46pm
Quoting Techanalyst
{quote} Gamblers have no skills. That's why they gamble. That's it.
But someone might argue that even gamblers show some kind of skill while gambling.

Someone might argue that it is a skill to count cards. This is true. However, that person only appears to be gambling when he is really just profiting from his skill of being able to count cards. There is a reason why casinos don't allow people to do this. A casino is there for gambling, after all, and counting cards isn't gambling.
Learn from your mistakes and march on.
  • #1,181,799
  • Sep 1, 2020 11:46pm Sep 1, 2020 11:46pm
Quoting pgidia
{quote} So if you have better money management doesn't mean you are not gambling When there are two options Buy OR Sell You selected one option means you gambled
Let just say is an educated guess rather than gamble. Overwise our years of experience will be nothing but the same as a rookie. I believe all these trading experiences that we are gaining will be useful to us till our death.
Fundamental provide Volume, Technical shows Direction
  • #1,181,800
  • Sep 1, 2020 11:48pm Sep 1, 2020 11:48pm
Quoting Techanalyst
{quote} Let's stop stretching this. You will not convince me that trading is gambling. As I have provided you the prove that it is not. Trading is not gambling. But if you want to gamble, go for it.
Yes let's stop this
As you have made a personal bias no one can change that.
I also don't Want to change
I gave my proof you gave your
Result you think you won I think I won

Anyway let's end it here
Trading and Gambling are two separate side of two different coins
PaRaM
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