What are similarities between trading and gambling? | Page 14 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading vs gambling 97 replies

Trading IS Gambling... 46 replies

Forex Trading or Gambling 21 replies

Similarities between CADJPY & USDJPY? 0 replies

trading or gambling? 14 replies

Attachments: What are similarities between trading and gambling?
Exit Attachments

What are similarities between trading and gambling?

  • #261
  • Nov 13, 2015 6:48pm Nov 13, 2015 6:48pm
if we were in wrong position trading CHF when the black swan happend ,
which sl cannot excuted also pending order cannot filled , then your account
went to zero , even got negative balance . isn't trading forex is risky?

if we risk our all account balance , are n't we gambling ?

trading forex = gambling
can anyone gurantee something like black swan never happen again ?

I thing trading commodities is better, because no black swan
what do you think ?
paid for waiting , a zero sum game, keep dancing till the end
  • #262
  • Nov 13, 2015 8:27pm Nov 13, 2015 8:27pm
Commodities can definitely black swan. What do you think would happen to crude oil if US/ NATO fighters got in a dogfight with Russians - if US warships got in incident with China's?

BTW, if EUR doesn't get a kick in the face over this terrorist attack in Paris, I would be surprised. Financial markets have been completely discounting the refugee crisis.
  • #263
  • Nov 13, 2015 10:28pm Nov 13, 2015 10:28pm
Quoting moveonbaby
if we were in wrong position trading CHF when the black swan happend , which sl cannot excuted also pending order cannot filled , then your account went to zero , even got negative balance . isn't trading forex is risky? if we risk our all account balance , are n't we gambling ? trading forex = gambling can anyone gurantee something like black swan never happen again ? I thing trading commodities is better, because no black swan what do you think ?
Yes, risking your whole acccount is very risky, but that's why you don't risk your whole account on one trade! I know. I iknow: You weren't saying that we intentionally risk the whole account on one trade; you were saying that we can't be guaranteed that our stops will be honoured, so even if we think we're protected by a stop, there's still a chance that our stop doesn't get filled. Fair enough, but I don't see how you think that trading commodities avoids this...
  • #264
  • Edited 10:27am Nov 14, 2015 3:35am | Edited 10:27am
Distinguished officials in charge of review of all matters of finance, accounting, and taxation,

After careful consideration and much thought, I have arrived at the conclusion that gaming and wagering are not for me. Fiscal year 2015 will mark the final year of all such activities.


Best regards,
R19
Attached Image (click to enlarge)
Click to Enlarge Name: 1180880-the-great-gatsby.jpg Size: 144 KB
  • #265
  • Nov 14, 2015 9:27am Nov 14, 2015 9:27am
biggest differences between forex and gambling is trader can decide when to get in and get out but gambling is not, all your winning chance relies on luck.
  • #266
  • Nov 14, 2015 7:57pm Nov 14, 2015 7:57pm
Quoting ohio
biggest differences between forex and gambling is trader can decide when to get in and get out but gambling is not, all your winning chance relies on luck.

why not decide to get in and get out in gambling ?
actually we decide how much money to lose in gambling,
ever watch casino movie ? on the table, when someone raise his bet ,
some people still get in, others decide out of the game.
it's about decision.

and relies on luck ? could be


we can decide when to get out of trading in forex ?
yes , in normal condition

no, in black swan condition
many traders got bankrupt , and a few brokers declare bankruptcy
it's a true history .
paid for waiting , a zero sum game, keep dancing till the end
  • #267
  • Nov 23, 2015 9:44pm Nov 23, 2015 9:44pm
Put aside any discussion of player strategy if you want to and focus on the house strategy. You will soon find why the 'mathematics' surrounding casino games are mostly bull. The house has active strategies to bias the game.

http://www.beatthecasino.com/forum/s...ead.php?t=8426
  • #268
  • Nov 24, 2015 12:14am Nov 24, 2015 12:14am
Quoting mathematician
All of this has got me thinking: We normally think of casinos as acting cool, calm, and collected because they know they have an edge on many of their games. But what if we think of casinos in the opposite light? What if there is some casino owner out there who's really supersticious and bad at probability. lol Imagine how he'd think of his business: {quote} So then our nervous casino owner starts running his business, well, like a business: He'd try to control his risk and maximize his wealth. Stop Loss: If any player makes over $1M in a night,...
Hi Mathematician,
can we use EA?, i want to buy 100 Asimos from Honda to handle all, from op manager to cleaning service
  • #269
  • Feb 3, 2016 8:54am Feb 3, 2016 8:54am
Quoting wendykurnia
What are similarities between trading with gambling also what is the difference between trading with gambling all comments are welcome thank you wen
Gambling and trading is exactly the same thing. It is a game where you are presented with rules and probabilities
Price-Action Extremist
  • #270
  • Feb 3, 2016 8:59am Feb 3, 2016 8:59am
Problem these days is its like being in vegas with the doors open for you.
Cheap suits - cheap shady brokers - algo's now designed to take out other algo's.
Its such a crap game but it is probably easier now to make more pips then before.

Repeat moves up 10 pips down 10 pips etc etc but if you asked does anyone like forex i think the majority would either decline to answer - abstain.
  • #271
  • Jun 30, 2016 8:50pm Jun 30, 2016 8:50pm
hello
  • #272
  • Jun 30, 2016 10:01pm Jun 30, 2016 10:01pm
in my opinion
If you are new to trading just within a year
chances are you gamble
If you regularly make trades within a period of three or five years
small chance that you gamble

  • #273
  • Jun 30, 2016 10:15pm Jun 30, 2016 10:15pm
Quoting wendykurnia
What are similarities between trading with gambling also what is the difference between trading with gambling all comments are welcome thank you wen
slope
  • #274
  • Jul 4, 2016 12:01am Jul 4, 2016 12:01am
Forex is not gambling but it different from gambling. In gambling we depend on luck but in Forex yes we can some money with luck but not for long time. So to succeed in Forex you need to do hard work.
  • #275
  • Jul 4, 2016 1:21am Jul 4, 2016 1:21am
Quoting Rogers100
Forex is not gambling but it different from gambling. In gambling we depend on luck but in Forex yes we can some money with luck but not for long time. So to succeed in Forex you need to do hard work.
YES

YES
  • #276
  • Jul 6, 2016 4:12pm Jul 6, 2016 4:12pm
gentleman .... place your bettsss ....... vs execute your price .....

zakarratt allways win , banker or playerr ... no metter ....
  • #277
  • Jul 6, 2016 4:18pm Jul 6, 2016 4:18pm
Quoting wendykurnia
What are similarities between trading with gambling also what is the difference between trading with gambling all comments are welcome thank you wen

Trading isn't gambling. Yes, you are trying to win money at both, but trading takes a plan and a long time.
  • #278
  • Jul 7, 2016 10:52am Jul 7, 2016 10:52am
pay 5 % to the lessneeddy
.30123
​.28749
  • #279
  • Jul 7, 2016 10:48pm Jul 7, 2016 10:48pm
another major
.75180
.74770
  • #280
  • Jul 7, 2016 10:51pm Jul 7, 2016 10:51pm
another major
.10940
.10577
0 traders viewing now