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  • #1,186,961
  • Nov 6, 2020 8:32am Nov 6, 2020 8:32am
Quoting mistaouting
But most would understand anything you can't say 100% certainty is a gamble... Call it what you want
The only thing with a 100% certainty is death, so what you are saying is that everything is a gamble. Forex is a business just like any other...to some its a gamble, to some it is a business. If you have no clue about restaurants and open one, you will fail just as you would fail with trading, if you have no clue about it.
Everyone can see the chart, but only a few can actually read it.
  • #1,186,962
  • Nov 6, 2020 8:32am Nov 6, 2020 8:32am
Quoting Techanalyst
{quote} I agree that you can't understand why trading is not gambling. It's ok maybe one day you will. Until than, you gamble, and I will trade/invest.
Whatever you tell yourself.... Best to be honest with yourself if not anyone else
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  • #1,186,963
  • Nov 6, 2020 8:35am Nov 6, 2020 8:35am
Quoting mistaouting
{quote} Whatever you tell yourself.... Best to be honest with yourself if not anyone else
I agree. Trading is not gambling. Change my mind.
  • #1,186,964
  • Nov 6, 2020 8:36am Nov 6, 2020 8:36am
Quoting OnlineAddict
{quote} The only thing with a 100% certainty is death, so what you are saying is that everything is a gamble. Forex is a business just like any other...to some its a gamble, to some it is a business. If you have no clue about restaurants and open one, you will fail just as you would fail with trading, if you have no clue about it.
Define gamble
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  • #1,186,965
  • Nov 6, 2020 8:36am Nov 6, 2020 8:36am
Quoting OnlineAddict
{quote} The only thing with a 100% certainty is death, so what you are saying is that everything is a gamble. Forex is a business just like any other...to some its a gamble, to some it is a business. If you have no clue about restaurants and open one, you will fail just as you would fail with trading, if you have no clue about it.
Let's simply say life is a gamble once, cause after all everything has a chance of being successful or a failure,
I'm enjoying the wins because I was once terrified by loses
  • #1,186,966
  • Nov 6, 2020 8:39am Nov 6, 2020 8:39am
Quoting Techanalyst
{quote} I agree. Trading is not gambling. Change my mind.
No need to change my mind...I am comfortable with the fact that every trade I make comes with a risk....it's a gamble. I use fundamentals and technicals to improve my chances of winning.... But again it's a gamble because market can still move against me.

It's a gamble...so of us are just better at it than others on here
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  • #1,186,967
  • Nov 6, 2020 8:40am Nov 6, 2020 8:40am
Quoting MrBullBear
{quote} I will only flip when my TSL gets hit. My TSL level is my signal for reversal of trend. I already closed some orders below for security. {image}
Was 1 tick away to hit my TSL.. I am still long.
Only an idiot knows with certainty to where the market is going.
  • #1,186,968
  • Nov 6, 2020 8:40am Nov 6, 2020 8:40am
Quoting mistaouting
{quote} Define gamble
Gamble = opening random trades based on useless indicators or tips from FF "gurus".

Investment = having a clue with a good money management.
Everyone can see the chart, but only a few can actually read it.
  • #1,186,969
  • Nov 6, 2020 8:42am Nov 6, 2020 8:42am
Quoting Erto
{quote} And where exactly are ur odds? cause it seems like selling was actually the right call {image}
Dose than mean the person who says trading is not gambling got slapped by the market 3 times
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  • #1,186,970
  • Nov 6, 2020 8:43am Nov 6, 2020 8:43am
Quoting Erto
{quote} Biden switched Pennsylvania, Switched to buy aswell
I'm standing out n standing by, I'm buying the deeps
I'm enjoying the wins because I was once terrified by loses
  • #1,186,971
  • Nov 6, 2020 8:44am Nov 6, 2020 8:44am
Quoting OnlineAddict
{quote} Gamble = opening random trades based on useless indicators or tips from FF "gurus". Investment = having a clue with a good money management.
LMFAO.

I was meaning actual definition of word not your.... And this is why it's pointless

2.

take risky action in the hope of a desired result.

"the British could only gamble that something would turn up"
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  • #1,186,972
  • Nov 6, 2020 8:48am Nov 6, 2020 8:48am
Quoting mistaouting
{quote} No need to change my mind...I am comfortable with the fact that every trade I make comes with a risk....it's a gamble. I use fundamentals and technicals to improve my chances of winning.... But again it's a gamble because market can still move against me. It's a gamble...so of us are just better at it than others on here
I would never gamble my money in trading like you. Very bad idea. But it is your money.



Define gamble: Gambling is taking part in a game during which you risk money, or something of monetary value, in order to win money or a prize. ... There are many forms of gambling, including lotteries and scratchcards, card games like poker and blackjack, betting on sports or events, playing casino games, gambling machines or bingo.

Define trading: Trading involves examining past information and analyzing available data to trade or invest in markets. Unlike gambling, trading has no ultimate win or loss. Trading is not gambling.

If you don't understand this, well than you most likely never will.

If I lose on GBPUSD, it is not because it was a gamble, it is because of couple of things one because of the lockdowns in EU and other is most likely Biden will win, so USD is expected to go up so GBP and others vs USD will go down. But GBPUSD I specifically took a buy based on chart analysis. That's it. If I was going more based on fundamentals, I would not have taken the trade. So there you go, no gamble.

Trading is not gambling, change my mind.
  • #1,186,973
  • Nov 6, 2020 8:51am Nov 6, 2020 8:51am
Quoting Techanalyst
{quote} I would never gamble my money in trading like you. Very bad idea. But it is your money. Define gamble: Gambling is taking part in a game during which you risk money, or something of monetary value, in order to win money or a prize. ... There are many forms of gambling, including lotteries and scratchcards, card games like poker and blackjack, betting on sports or events, playing casino games, gambling machines or bingo. Define trading: Trading involves examining past information and analyzing available data to trade or invest in markets....
What do you call your last two trades -$120 and who knows where your cable trade is now.... You're right you don't gamble you make donations to fx brokers
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  • #1,186,974
  • Nov 6, 2020 8:51am Nov 6, 2020 8:51am
I don't think there is an actual definition. I already said before that nothing in the universe is random, everything happens for a reason. And trading was invented by humans, is done by humans(in most cases), so it can be predicted by humans, logically.
Everyone can see the chart, but only a few can actually read it.
  • #1,186,975
  • Nov 6, 2020 8:52am Nov 6, 2020 8:52am
Quoting mistaouting
{quote} What do you call your last two trades -$120 and who knows where your cable trade is now.... You're right you don't gamble you make donations to fx brokers
Loss is a part of trading, its just a cost of doing business. If you do any business, you will have variable and fixed costs, its normal.
Everyone can see the chart, but only a few can actually read it.
  • #1,186,976
  • Nov 6, 2020 8:53am Nov 6, 2020 8:53am
You guys are both correct. Just different perspective. But both correct on your own understanding. So don't try to win an argument, because that doesn't mean you proved that you are correct. No, you may just a better debater than the other. Cheers!
Only an idiot knows with certainty to where the market is going.
  • #1,186,977
  • Nov 6, 2020 8:53am Nov 6, 2020 8:53am
Quoting mistaouting
{quote} What do you call your last two trades -$120 and who knows where your cable trade is now.... You're right you don't gamble you make donations to fx brokers
One trade on EURUSD sell. I closed it, but it went the way I expected, it went down. So I was right. I just decide to close it, because I see better opportunities on other currencies.

Make donations to fx brokers? Have no clue what you're talking about.

There it is GBPUSD monthly. Right there.
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  • #1,186,978
  • Nov 6, 2020 8:55am Nov 6, 2020 8:55am
Quoting Techanalyst
{quote} I would never gamble my money in trading like you. Very bad idea. But it is your money. Define gamble: Gambling is taking part in a game during which you risk money, or something of monetary value, in order to win money or a prize. ... There are many forms of gambling, including lotteries and scratchcards, card games like poker and blackjack, betting on sports or events, playing casino games, gambling machines or bingo. Define trading: Trading involves examining past information and analyzing available data to trade or invest in markets....
Not the definition of gamble!

After your post about trump I get it sir.

Unless you show me the actual and real definition of gamble and not your version to fit your one track mindset... We can agree to disagree
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  • #1,186,979
  • Nov 6, 2020 8:55am Nov 6, 2020 8:55am
Quoting Erto
{quote} I'm standing out n standing by, I'm buying the deeps
Don't be confused, with Biden leading Georgia n Pennsylvania, the only way is selling the dollar
I'm enjoying the wins because I was once terrified by loses
  • #1,186,980
  • Nov 6, 2020 8:55am Nov 6, 2020 8:55am
Quoting mistaouting
{quote} Rolling dice and betting on outcome same thing as trading forex.... Forex is gambling... Had this debate with someone else here... No one knows which way market will go.... You assume with some level of certainty.... That level increase with understanding and analysis of market You don't know how the dice will fall.... You know odds of rolling higher numbers are greater than rolling smaller numbers. I'll take a bet of rolling a 12 with 2 dice before I take a bet of rolling a 2 with 2 dice..... I'll take a long on euro when technical and...
Mr. M., you are a good man and I will not argue with you. Just want to say one thing and then I will keep silence about this. If I post 10 trades in a real time, I know I will win 6 of them and maybe more. The chance is more than 60%. But if I roll 2 dices 10 times I don't know how many times it will be more than 6 and how many times it will be less. The chance is 50/50. Because it is gambling.
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