the difference between a broker and a casino? | Page 2 | Forex Factory

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the difference between a broker and a casino?

  • #21
  • Edited 4:56am Aug 22, 2020 4:40am | Edited 4:56am
Quoting Elielson00x
{quote} 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

Hard learning is good, but: What are you going to learn ?, what is right, what is wrong ???.
Sharing ideas is good. but: this is an idea, not experience or knowledge experienced.

One simple question: what makes prices move ???
a simple question, but not everyone has the right answer :-). In the end, good luck
https://www.forexfactory.com/thread/...8#post13113158
Trading in the zone
  • #22
  • Aug 22, 2020 7:05am Aug 22, 2020 7:05am
well, the situation is that not everyone will become a profitable trader, no matter how much you learn, you need a plus to be able to put together that image.
and not everyone succeeds, just as not everyone will be the best athlete.

be green.
  • #23
  • Edited 12:49pm Aug 22, 2020 12:37pm | Edited 12:49pm
Quoting hao
{quote} Hard learning is good, but: What are you going to learn ?, what is right, what is wrong ???. Sharing ideas is good. but: this is an idea, not experience or knowledge experienced. One simple question: what makes prices move ??? a simple question, but not everyone has the right answer :-). In the end, good luck https://www.forexfactory.com/thread/...8#post13113158
The problem is that Many want to get rich in a day operating market, they fall into the hands of scammers, they, they want to skip steps, do not want to form their own systems, operational, to synthesize their skills and correct failures, They prefer to believe in miraculous systems, expensive, and then that lose every thing get deluded and come cry in the forums and saying that there is no system or anyone who succeeds in this forum , just because she, the person failed to succeed, well, that does not mean that Other people won't succeed like You have not, just for her is here in the forum, of course, that every trader has his secret, which took years to create, suffered, studied years and years, Losing money to build it and will not Give it for free to lazy without perspective without offending anyone here
If people stopped copying faulty systems from others and focused on studying, backtesting, notes and justifications of their trades, they would have more success in Forex and any derivatives market.
Good afternoon to all
  • #24
  • Sep 16, 2020 3:04am Sep 16, 2020 3:04am
Quoting Horne
If you have an edge and know the expectancy of your next thousand trades, is your next trade considered a gamble? .
You don't know the expectancy of next 1000 trades ... you will know expectancy of next 1000 trades when you execute next 1000 trades.
  • #25
  • Sep 16, 2020 5:42am Sep 16, 2020 5:42am
A broker is a person who buys and sells goods or assets for others and a public room or building where gambling games are played called a casino.
  • #26
  • Sep 21, 2020 7:34am Sep 21, 2020 7:34am
Quoting BlackNapkins
{quote} You don't know the expectancy of next 1000 trades ... you will know expectancy of next 1000 trades when you execute next 1000 trades.
Wrong.

Expectancy is a rather simple formula you can calculate based past performance. You need to know your average win:lose ratio, and you need to know your average risk:reward ratio.
After you execute your next 1000 trades, you will have more data to update your expectancy.

Expectancy is what you might expect to happen in the future, not what has already happened in the past, though the calculation is derived from what has already happened in the past.
  • #27
  • Sep 24, 2020 7:57pm Sep 24, 2020 7:57pm
Casino purely works on the probability game. A casino plays with a strike rate greater than its players which always makes it a winner. Each casino has its House Edge with winning odds of 47% to 52% and this makes him a winner everytime. If you are playing a casino, think like a casino not a player.
Whereas, brokers are both ECN and dealing desk. Dealing desk might work like a casino but ECN brokers are transparent in their pricing. Although if you are trading in forex or anything, your strike rate should be more than 50% to be on the winning side with proper RR ratio.
  • #28
  • Sep 25, 2020 2:56am Sep 25, 2020 2:56am
There is no big difference in the outcome. The percentage of "winners" is very similar. You just get to the outcome via different path.

The main difference is in the expectations and perceptions of the players.

The majority of people who play in casinos are very well aware that they play a game and the odds are always against them. They do it for fun.

The majority of people who play in the market believe that they are running some sort of business and that they can consistently stack the odds in their favour

It's so funny. But I just can't decide which group is smarter? The inventors of the casinos or the inventors of the markets......but... wait!
They are invented by the same people! Mathematicians and smart businessman.
  • #29
  • Sep 25, 2020 3:20am Sep 25, 2020 3:20am
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  • #30
  • Sep 25, 2020 4:16pm Sep 25, 2020 4:16pm
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  • #31
  • Sep 25, 2020 9:59pm Sep 25, 2020 9:59pm
Both are market makers that are eager to take your bets ...
Market is not random but unpredictable
  • #32
  • Sep 25, 2020 10:29pm Sep 25, 2020 10:29pm
Quoting alphaomega
But I just can't decide which group is smarter? The inventors of the casinos or the inventors of the markets......but... wait! They are invented by the same people! Mathematicians and smart businessman.
The one who who gets unpaid salesmen sell the dream is smartest.
Know what you trade
  • #33
  • Edited Jan 27, 2021 7:11am Jan 26, 2021 10:28am | Edited Jan 27, 2021 7:11am
Quoting Elielson00x
{quote} The problem is that Many want to get rich in a day operating market, they fall into the hands of scammers, they, they want to skip steps, do not want to form their own systems, operational, to synthesize their skills and correct failures, They prefer to believe in miraculous systems, expensive, and then that lose every thing get deluded and come cry in the forums and saying that there is no system or anyone who succeeds in this forum , just because she, the person failed to succeed, well, that does not mean that Other people won't succeed.
If you do play online casinos, I advise you to pay attention to online casinos that offer a minimum deposit of £ 5. On the site https://casinosters.com/5-pounds-min...eposit-casinos/ you can read some valuable and constructive information about these casinos that can be beneficial for you in terms of playing conditions.
I absolutely agree with you.
  • #34
  • Edited 1:36pm Jan 26, 2021 1:09pm | Edited 1:36pm
My opinion, despite having heard that they are not the same thing, when we see that no one knows what will happen after opening your operation or putting in the coin or asking for the card from the deck, it means that they are very little apart from each other, in the casino you wait for the result, it gives it and it's over, done. In the broker you have the possibility of following the price trajectory, having the price at your feet and knowing how to get money with it
Confucius: the man who broke the mountain was the same man who started ...
  • #35
  • Edited 1:59pm Jan 26, 2021 1:48pm | Edited 1:59pm
how do you get the price at your feet? making you big with respect to him

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Confucius: the man who broke the mountain was the same man who started ...
  • #36
  • Jan 26, 2021 2:41pm Jan 26, 2021 2:41pm
Quoting Elielson00x
{quote} The problem is that Many want to get rich in a day operating market, they fall into the hands of scammers, they, they want to skip steps, do not want to form their own systems, operational, to synthesize their skills and correct failures, They prefer to believe in miraculous systems, expensive, and then that lose every thing get deluded and come cry in the forums and saying that there is no system or anyone who succeeds in this forum , just because she, the person failed to succeed, well, that does not mean that Other people won't succeed...
Hm are you sure that there is some secret? You know that peoples who had success or just think that they exist?
  • #37
  • Sep 30, 2021 11:00am Sep 30, 2021 11:00am
I think it's a complicated subject. I have a friend who managed to have a loan of over 50 thousand. I don't think I'd want to repeat his fate.
  • #38
  • Oct 4, 2021 1:12am Oct 4, 2021 1:12am
Both are highly addictive, all the same!
  • #39
  • Last Post: Nov 1, 2021 5:38am Nov 1, 2021 5:38am
So basically both are eating on us.
The title was, “the difference between a broker and casino” however you ended up showing the similarities we couldn’t have imagined.
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