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What is easier, robbing a bank or trading profitably?

  • #21
  • Feb 22, 2011 8:22am Feb 22, 2011 8:22am
Well there's robbing a bank and then there's robbing a bank successfully

Just like there's trading and trading successfully,

Moral of the story is that clicking a mouse is much easier than having to get off your back side and haul your ass all the way into the bank... Then you gotta use loud yelling and carry heavy guns.. I think you get my drift
Time hides Nothing
  • #22
  • Feb 22, 2011 8:48am Feb 22, 2011 8:48am
Nothing hard in robbing a bank! Hard is not to be caught. The same on Forex: nothing hard to make profitable trades, hard to make more than you lose.

I voted for the bank!
  • #23
  • Feb 22, 2011 9:00am Feb 22, 2011 9:00am
All the banks are already robbed - there is only paper money left - so there is no choice.

Peter
Jesus Christ is my only Lord !
  • #24
  • Feb 22, 2011 9:04am Feb 22, 2011 9:04am
Quoting hipcio
All the banks are already robbed - there is only paper money left - so there is no choice.

Peter
Thumbs up!!! Let's look for back with the gold!
  • #25
  • Feb 22, 2011 9:28am Feb 22, 2011 9:28am
Simple question with the simple answer. - To be profitable trader. This is legal at least.
  • #26
  • Feb 22, 2011 9:59am Feb 22, 2011 9:59am
They are the same. Both require:

  1. Accurate Risk assessment
  2. Meticulous Planning based on the risk assessment and all contingencies
  3. A well defined escape plan
  4. The mental fortitude to carry out the plan


As with everything in life, there are 100 ways to screw it up. If you can think of 20 of those ways you are considered a genius...and you 'aint no genius.

  • #27
  • Feb 23, 2011 4:37am Feb 23, 2011 4:37am
Quoting gspajon
They are the same. Both require:

  1. Accurate Risk assessment
  2. Meticulous Planning based on the risk assessment and all contingencies
  3. A well defined escape plan
  4. The mental fortitude to carry out the plan

Bravo!!!
  • #28
  • Feb 23, 2011 4:55am Feb 23, 2011 4:55am
What if you can do both? Rob a bank, and then trade FX - either in jail or in your mansion.
The nail that sticks out gets hammered back in
  • #29
  • Feb 23, 2011 5:33am Feb 23, 2011 5:33am
i would say that it really depends on ur skill and the security of the bank

if ur able to jump buildings like yamakasi
then u can,but in that u need patience,and confidence
and good people skill to deal with the workers and police

but in trading find out the thinking of the dealers and ull find out how the markets work

find out how teh whole security system works,and ur escape and ur half way out of the bank with the money

in this case,in trading u dont need to fool anyone just follow the market movers

trust me on this ,it works
the only actual way to trade
  • #30
  • Feb 23, 2011 6:57am Feb 23, 2011 6:57am
I have better idea - "Robbing Forex Market Maker broker"
  • #31
  • Feb 23, 2011 8:59am Feb 23, 2011 8:59am
Quoting Donnald
I have better idea - "Robbing Forex Market Maker broker"
Revenge for years of trading against the traders?
  • #32
  • Feb 23, 2011 11:04am Feb 23, 2011 11:04am
I am subscribing to this thread....someone might actualy post a system on how to robb a bank...
  • #33
  • Feb 24, 2011 2:43am Feb 24, 2011 2:43am
Quoting Tilt
I am subscribing to this thread....someone might actualy post a system on how to robb a bank...
You should watch the movie Inside man. - Every thief should rob banks like this.
  • #34
  • Feb 24, 2011 4:20am Feb 24, 2011 4:20am
I am a freshman to forex and it really does feel impossible at times; Although, I'd like to point out robbing a bank and online trading are very similiar- to be successful in your mission- you need to be well thought out; a lot of planning and research go into both and the result is a whole wad of cash. Difference: after trading forex you can breath a sigh of relief without the police hunting you down...
Keep trading
Jonathan
  • #35
  • Feb 24, 2011 4:33am Feb 24, 2011 4:33am
Quoting JSDans
Difference: after trading forex you can breath a sigh of relief without the police hunting you down...
Unless your names Jacko
  • #36
  • Oct 24, 2011 2:49am Oct 24, 2011 2:49am
both needs some carefull planning I guess.
  • #37
  • Oct 24, 2011 6:08am Oct 24, 2011 6:08am
Interesting opinion here, which did actually make me smile as I've asked the same question some time back.

Forex all the way, but in my experience the only way to be profitable is by consistency... which isn't so far off robbing a bank... maybe a consistent approach and to the atom planning could help you pull it off... which could be the same with Forex...

All you need is the right system and the consistent approach. i.e never deviate from the system if it works...

Psychology is the chief killer of traders, which lets face it isn't so different to the factors affecting bank robbers...

The only difference is the obvious that is Forex is a legal honest way of living, robbing a bank isn't.
  • #38
  • Oct 26, 2011 4:08pm Oct 26, 2011 4:08pm
BOTH WOULD BE DIFFICULT IF YOU DID NOT KNOW WHAT YOU WERE DOING.

Both are doable with the required planning and execution.

I would rather trade than go and rob a bank, as I am trained in the former and not in the latter.

Happy trading

makingpips
  • #39
  • Oct 27, 2011 12:24am Oct 27, 2011 12:24am
Quoting makingpips
BOTH WOULD BE DIFFICULT IF YOU DID NOT KNOW WHAT YOU WERE DOING.

Both are doable with the required planning and execution.

I would rather trade than go and rob a bank, as I am trained in the former and not in the latter.

Happy trading

makingpips
My bank is expert at robbing me. Doesn't seem to need much planning and execution, either.

But seriously, and to answer the question posed by the OP, robbing a bank is a one-off exercise; (conventional) trading requires consistency of execution over a great number of transactions.
  • #40
  • Oct 27, 2011 6:57am Oct 27, 2011 6:57am
I think both require skill, planning, discipline, and guts.
So in this case, none is easier...
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