The market is not a casino. Its a massive exchange. Every transaction which happened between countries and market participants(comprises of multinational companies and banks etc) The liquidity is like the ocean compred to swimming pool if you compare it to the stock market. So when import and export happens its going to affect the market. Us retail traders might be trading with a 'casino' broker but the banks are trading this for real. They are moving billions per day.
Yes like you have said there is a fine line between gambling and trading but not all traders are gamblers!! most of the successful one does not visit this forum/doesn't reveal themselves to the public and usually these successful traders are like an institution. They trade via a prime broker as they need the liquidity it provided.
But if you do not know what you are doing or are suffering major losses then you simply are not 'fit' enough to trade in the market. If you do not know what you are doing then yes you are gambling. My advise for newbies either stop trading or start educating yourself. I myself read hundreds of trading books and articles. I have tested thousands of indicators and systems. I have had ah-ha moments/epiphany almost 20 times, yet after a week or so i realised it was not real. I have failed so many times.
I had friends telling they want to do what i do(trading) and i advise them not to simply because there are just so many things to be sacrificed. I spent about 2 years and a half of my life. Its about 18 hours per day to study the market, do research and read stuff. If i were to compare studying in the university and learning to trade i would say its 100 times harder because the there are no specific materials out there. You need scour through everything to find a needle in the haystack, a diamond in the rough.
You need to persevere through the thousands of hours needed to study the charts. Once you have done your thousands of hours studying the chart you will see what others would never see. Dicsipline in managing risk is ultra important if you are planning on doing it for some years.
My advise is for most to stop trading but a real trader won't stop. I know that because right now i can say i am a trader. In 6 years god willing i will be one of the most successful trader ever.
Yes like you have said there is a fine line between gambling and trading but not all traders are gamblers!! most of the successful one does not visit this forum/doesn't reveal themselves to the public and usually these successful traders are like an institution. They trade via a prime broker as they need the liquidity it provided.
But if you do not know what you are doing or are suffering major losses then you simply are not 'fit' enough to trade in the market. If you do not know what you are doing then yes you are gambling. My advise for newbies either stop trading or start educating yourself. I myself read hundreds of trading books and articles. I have tested thousands of indicators and systems. I have had ah-ha moments/epiphany almost 20 times, yet after a week or so i realised it was not real. I have failed so many times.
I had friends telling they want to do what i do(trading) and i advise them not to simply because there are just so many things to be sacrificed. I spent about 2 years and a half of my life. Its about 18 hours per day to study the market, do research and read stuff. If i were to compare studying in the university and learning to trade i would say its 100 times harder because the there are no specific materials out there. You need scour through everything to find a needle in the haystack, a diamond in the rough.
You need to persevere through the thousands of hours needed to study the charts. Once you have done your thousands of hours studying the chart you will see what others would never see. Dicsipline in managing risk is ultra important if you are planning on doing it for some years.
My advise is for most to stop trading but a real trader won't stop. I know that because right now i can say i am a trader. In 6 years god willing i will be one of the most successful trader ever.
