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  • #1,187,141
  • Nov 8, 2020 7:43am Nov 8, 2020 7:43am
Quoting mistaouting
{quote} Learn the actual definition of gamble. Look at second definition. Trading forex comes with a risk... Doesn't matter how much analysts you do there is a risk beyond your control. That's why risk management is so important. You reduce your risk through analyst but only a fool would say a call with 100% certainty. Uncontrollable risk = gamble. It's inherent to trading. Edit. As a professional it's your job to reduce those risk/ increase your odds. However as long as there is a risk... Again it's a gamble.
Trading is not gambling.
  • #1,187,142
  • Nov 8, 2020 7:49am Nov 8, 2020 7:49am
Quoting Techanalyst
{quote} Trading is not gambling.
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  • #1,187,143
  • Nov 8, 2020 8:02am Nov 8, 2020 8:02am
Quoting Waveskierrob
{quote} {image}
Trading is not gambling.
  • #1,187,144
  • Nov 8, 2020 8:06am Nov 8, 2020 8:06am
Quoting Techanalyst
{quote} Trading is not gambling.
I rest my case
  • #1,187,145
  • Nov 8, 2020 8:14am Nov 8, 2020 8:14am
Life is gambling. Every time you drive your car, hop in an airplane, or dare to eat sushi, you are gambling. If you trade FOREX and don't know what you are doing, you are gambling. If you are a skilled trader who manages risk and trade with an edge that gives you profit over time, you are INVESTING. ;-)
  • #1,187,146
  • Edited 9:15am Nov 8, 2020 8:36am | Edited 9:15am
These zone were price is now is very important, if price manages to stay here what is very difficullt for me... i will wait and see for better price around 50 fib.... In other way if she turns in iverted H&SH 61.5 is key!
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  • #1,187,147
  • Nov 8, 2020 8:37am Nov 8, 2020 8:37am
Quoting Tremors
Life is gambling. Every time you drive your car, hop in an airplane, or dare to eat sushi, you are gambling. If you trade FOREX and don't know what you are doing, you are gambling. If you are a skilled trader who manages risk and trade with an edge that gives you profit over time, you are INVESTING. ;-)
Don't know what you're going on about ,really makes no sense.
  • #1,187,148
  • Nov 8, 2020 8:41am Nov 8, 2020 8:41am
Quoting Tremors
Life is gambling. Every time you drive your car, hop in an airplane, or dare to eat sushi, you are gambling. If you trade FOREX and don't know what you are doing, you are gambling. If you are a skilled trader who manages risk and trade with an edge that gives you profit over time, you are INVESTING. ;-)
You are wrong i will change the word gambling with dreamin: Every time you drive your car, hope in an airplane, or dare to eat sushi, we are dreaming.
  • #1,187,149
  • Nov 8, 2020 9:02am Nov 8, 2020 9:02am
Quoting Waveskierrob
{quote} Don't recall calling myself a trader, if I had to label myself which makes no difference whatsoever it would be a "gambler" but if your happy to call yourself a "trader" just to get over you low self esteem then that's fine, but don't assume that I call myself one without evidence, see now why 95% of "traders" lose money :-)
Ignore such people, they just need to get a high and like to think everything remotely good that happens is due to their actions. The truth is, one can do tons of analysis but once the trade has been entered in, there is nothing that can be done and whatever happens, it is all up to God, Satan, luck, whatever you wish to call.

In Life, one can work hard, but we all need a little luck to get ahead. You can have a great business plan, but if you are born to a poor family, you can at best, turn $1,000 to $10,000 first. On the other hand, the same dude with the same plan but born to a rich family can turn $100,000 to $1,000,000. That's just luck.

Someone gonna say that I'm getting all philosphical, but that's a fact of life.
I will tear the world apart for you.
  • #1,187,150
  • Nov 8, 2020 9:09am Nov 8, 2020 9:09am
Quoting mistaouting
{quote} Learn the actual definition of gamble. Look at second definition. Trading forex comes with a risk... Doesn't matter how much analysts you do there is a risk beyond your control...
So according to your understanding, anything that involves risk is gambling?

If I go to my mailbox knowing I might get hit by a car or bitten by a dog, am I gambling? Or if I walk on my front lawn and step in dog crap because some idiot neighbor didn't clean up his or her dog's mess, was it a gamble from the start? LOL
Learn from your mistakes and march on.
  • #1,187,151
  • Nov 8, 2020 9:16am Nov 8, 2020 9:16am
Quoting Barnell
{quote} Ignore such people, they just need to get a high and like to think everything remotely good that happens is due to their actions. The truth is, one can do tons of analysis but once the trade has been entered in, there is nothing that can be done and whatever happens, it is all up to God, Satan, luck, whatever you wish to call. In Life, one can work hard, but we all need a little luck to get ahead. You can have a great business plan, but if you are born to a poor family, you can at best, turn $1,000 to $10,000 first. On the other hand, the...
Haha cant ignore them I love the banter too much and to be fair Efelexy puts his point of view across well, unlike Techy who has major issues and was probably bullied at school. Techy were you breast or bottle fed as it would help with my research
  • #1,187,152
  • Nov 8, 2020 9:20am Nov 8, 2020 9:20am
Quoting here2there
{quote} So according to your understanding, anything that involves risk is gambling? If I go to my mailbox knowing I might get hit by a car or bitten by a dog, am I gambling? Or if I walk on my front lawn and step in dog crap because some idiot neighbor didn't clean up his or her dog's mess, was it a gamble from the start? LOL
Yes
  • #1,187,153
  • Nov 8, 2020 9:31am Nov 8, 2020 9:31am
Quoting Waveskierrob
{quote} I rest my case
You're wrong. Trading is not gambling.


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.
  • #1,187,154
  • Nov 8, 2020 9:31am Nov 8, 2020 9:31am
Quoting Waveskierrob
{quote} Yes
Go out for a walk, get some fresh air.
  • #1,187,155
  • Nov 8, 2020 9:34am Nov 8, 2020 9:34am
Quoting Techanalyst
{quote} You're wrong. Trading is not gambling. 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...
Thanks bottle fed for sure Xxx
  • #1,187,156
  • Nov 8, 2020 9:41am Nov 8, 2020 9:41am
Quoting Waveskierrob
{quote} Thanks bottle fed for sure Xxx
Go for a walk buddy. You need some fresh air.
  • #1,187,157
  • Nov 8, 2020 9:47am Nov 8, 2020 9:47am
Quoting Techanalyst
{quote} Go out for a walk, get some fresh air.
I think the problem we are seeing here is people are forcing a word to fit a context it wasn't intended for. To even suggest everything in life involving risk is a gamble is ignorance. I think it's best to leave the subject alone and focus on trading. Neither side is going to convince the other to change their perspective on the subject.
Learn from your mistakes and march on.
  • #1,187,158
  • Nov 8, 2020 9:48am Nov 8, 2020 9:48am
Quoting here2there
{quote} So according to your understanding, anything that involves risk is gambling? If I go to my mailbox knowing I might get hit by a car or bitten by a dog, am I gambling? Or if I walk on my front lawn and step in dog crap because some idiot neighbor didn't clean up his or her dog's mess, was it a gamble from the start? LOL
Yes, any thing that involves risk is a gamble. Yes that is what I am saying.
Not all risk are same. It's our job a traders to reduce and mange risk. However there remains a level of uncertainty on if your trade will win.... hence the gamble.


one definition of the word gamble.

2.take risky action in the hope of a desired result.

Inarguable fact is what that definition says. Correct?

When you enter a trade which comes with risk hoping/strategically planned for a desired result correct?

Undeniable facts.

If you want to talk about "personal" menaings and interpretations of the word that's a different story.

At this point with some of these guys it's about ego and not fact. Hard to say I was wrong or I get your point for some people.
LOCK IN RE-ENTER
  • #1,187,159
  • Nov 8, 2020 9:53am Nov 8, 2020 9:53am
Quoting here2there
{quote} I think the problem we are seeing here is people are forcing a word to fit a context it wasn't intended for. To even suggest everything in life involving risk is a gamble is ignorance. I think it's best to leave the subject alone and focus on trading. Neither side is going to convince the other to change their perspective on the subject.
You can pretty much apply statistics to every thing because every is about measurable.

There is a stat for your chance of being stuck by lightning....you limit reduce that chance by not playing with metal golf clubs in storms.

There are stats for people who died in auto accidents you wear a seat belt to improve odds.

Stats required past data to help predict manipulate future outcomes.

It's so a part of your life you may not realize it
LOCK IN RE-ENTER
  • #1,187,160
  • Nov 8, 2020 9:56am Nov 8, 2020 9:56am
Quoting mistaouting
{quote} Yes, any thing that involves risk is a gamble. Yes that is what I am saying. Not all risk are same. It's our job a traders to reduce and mange risk. However there remains a level of uncertainty on if your trade will win.... hence the gamble. one definition of the word gamble. 2.take risky action in the hope of a desired result. Inarguable fact is what that definition says. Correct? When you enter a trade which comes with risk hoping/strategically planned for a desired result correct? Undeniable facts. If you want to talk about "personal"...
To get to the true meaning of the word and the context it was intended for, one should not merely look at a modern dictionary on the Internet and choose which definition to apply. An etymological study is needed. The word was crafted for games of chance involving risk. It was not intended to be applied to business or life in general.
Learn from your mistakes and march on.
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