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Trading vs gambling

  • #81
  • Aug 7, 2013 7:00pm Aug 7, 2013 7:00pm
Quoting ronaleo10
Thats what i am saying... Poker is a game of relative skill... By saying that your winning depends on how skillful your relative to the other person playing against you. But lets assume every player has exact same skill and put exact bet according to their hand probability and they are playing it in casino everyone will lose in long run. Casinos will eat them out slowly . Poker and trading are both game of skills ( Relative ) and thus are not impossible to beat. But in order to win you have to outsmart the other opponents by any means possible.
I can agree with that. Even out skill and it is just luck, so always play with people less skillful.
  • #82
  • Aug 7, 2013 7:09pm Aug 7, 2013 7:09pm
Quoting Kanzler
{quote} I can agree with that. Even out skill and it is just luck, so always play with people less skillful.
  • #83
  • Aug 8, 2013 8:17am Aug 8, 2013 8:17am
Quoting narafa
{quote} In gambling: - You can control your position size and control your risk only at the beginning of the game In trading: - You can control your position size and control your risk almost anytime. You can get our at anytime, and thus you have a stop which can't be applied to gambling In gambling: - You actually play a game that has nothing related to whatever happening in the world In trading: - You are playing a game which affects the lives of people all over the world and which is closely related to almost all the events in the world In gambling:...

Great post. Business is business.
  • #84
  • Aug 8, 2013 10:32am Aug 8, 2013 10:32am
Quoting Kanzler
{quote} I can agree with that. Even out skill and it is just luck, so always play with people less skillful.

Don't worry forex will never be short of clueless new players. Like one wise guy recently said in some other thread: whales eat krill.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #85
  • Aug 12, 2013 11:48pm Aug 12, 2013 11:48pm
For people who are not familiar with Forex trading there is no difference between trading and gambling. I heard they say Wall Street is the biggest casino on the planet
very nice, good price..!
  • #86
  • Aug 14, 2013 11:19pm Aug 14, 2013 11:19pm
I second jose, i have only 10 days trading.
  • #87
  • Aug 15, 2013 3:22am Aug 15, 2013 3:22am
I guess most of us here in this forum have done gambling at some point of their forex journey. You gamble when you start to enter to the trades based on your emotions, or get frustrated after losing trade and enter another trade without any signal.
When you gamble then you don`t follow money management etc etc.
  • #88
  • Aug 15, 2013 3:43am Aug 15, 2013 3:43am
Quoting Jose Louis
For people who are not familiar with Forex trading there is no difference between trading and gambling. I heard they say Wall Street is the biggest casino on the planet
I'm just wondering how come you are still here)) with such behavior it is way easier to be in casino, isn't it?
  • #89
  • Aug 18, 2013 6:19am Aug 18, 2013 6:19am
Quoting Blackship
hi guys, Can anyone tell me what's the differences btwn gambling and trading?
gamblers get to get drunk and hire high priced hookers.

traders dont get to do any of that cool stuff.

thats about it.
contact zero 510-684-1114
  • #90
  • Aug 27, 2013 5:19am Aug 27, 2013 5:19am
Quoting meng88
{quote} I'm just wondering how come you are still here)) with such behavior it is way easier to be in casino, isn't it?
Sure, for many people it's easier to go to casino but I'm not out of them
very nice, good price..!
  • #91
  • Aug 29, 2013 9:54am Aug 29, 2013 9:54am
I think Forex is a proper business and you can not consider it just a gambling. Gambling is another thing in which you can guess tge things but here in Forex you can just win if you have skills.
  • #92
  • Aug 29, 2013 11:00am Aug 29, 2013 11:00am
Let's just put it this way:

in GAMBLING: you have to bet first before you can see your cards because it's a game of guessworking

however,

in TRADING: you have to see you cards first... before you place the bet. because it's a game of probabilities.
  • #93
  • Aug 29, 2013 1:16pm Aug 29, 2013 1:16pm
Quoting nordkapp21
Let's just put it this way: in GAMBLING: you have to bet first before you can see your cards because it's a game of guessworking however, in TRADING: you have to see you cards first... before you place the bet. because it's a game of probabilities.
um,one could argue, u bet also when placing a trade,yes you have seen the last tick; but no different from the cards you have no idea if the next tick will be up or down.for most they are the same thing

.in fact a skilled card player can reduce possible outcome from the past history of the cards.the majority trading use past history with far less positive outcome in
comparison to the skilled card player.the majority loose in cards as they do in trading.the skilled few win in both win.....the main difference is most who visit a casino go for fun and expect to loose.were retail traders are delusional and dont enjoy there experience of loosing.
  • #94
  • Aug 29, 2013 5:06pm Aug 29, 2013 5:06pm
" Trading is an organized gambling technique considering risk management " - Cristiano Da Silva .... ROFL
Winners never quit and quitters never win. Vince Lombardi
  • #95
  • Aug 29, 2013 5:32pm Aug 29, 2013 5:32pm
Money I make trading I use to gamble. If I ever win big gambling, I will have more money to trade.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #96
  • Aug 29, 2013 5:34pm Aug 29, 2013 5:34pm
Quoting The Fool
Money I make trading I use to gamble. If I ever win big gambling, I will have more money to trade.
I like this line
Winners never quit and quitters never win. Vince Lombardi
  • #97
  • Aug 31, 2013 7:29am Aug 31, 2013 7:29am
Quoting cristiano7
{quote} I like this line
If he's The Fool, what does that makes us?
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #98
  • Last Post: Aug 31, 2013 7:42am Aug 31, 2013 7:42am
Quoting vox dei
{quote} If he's The Fool, what does that makes us?
His cheerleaders maybe
Winners never quit and quitters never win. Vince Lombardi
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