Is forex gambling?
Member Since May 29, 2012
18 posts
Mar 16, 2013 at 09:53
Is trading Forex gamble? because so many people often told me that forex is gambling, and if that is gambling then God will never help us with it right? because gamble is forbidden by any of religion in the world right😇?, so there is more loser than a winner on forex business because God dont like this stuff 😁 if you say forex/futures is trading so my question is what trading definition? if there is stuff to buy/sell and involved money right? so forex/futures/index is pure gambling?
Low Risk Medium Profit
Member Since Mar 03, 2013
321 posts
Mar 16, 2013 at 11:11
Of course it is gambling too. As long as you buy/sell on something what will happen in the future (S/L + T/P) this always is kind of gambling.... but trading is an so much nicer word. And using Indicators and Systems.... Anyweay, doesnt matter what it is its about makin money so who cares. Important thing is to read Disclaimer first
Geht Nich Gibt´s Nich
Member Since May 04, 2012
1608 posts
Mar 16, 2013 at 16:16
Even the cavemen traded in the caverns...! Mammuth teeth for stone hammer...
So trading might be the oldest activities (professions) of the world, except for another one (which I don't want to name).
Anyway, trading is essential and inherent part of mankind and its history. What is more interesting that nowdays we are selling and buying 'futures' and 'options', which are really weird creatures of the commodity trading world as what is traded with options does not even exist.
Bottom line: risk is also an inherent part of trading, so you can call it gambling, but I prefer to call it 'smart' gambling. For example, if you see a large hurricane on the weather forecast approching a country housing large cocoa fields, then you are smart if you buy cocoa, as the price will go up almost for sure. Well, you still gamble, but smartly.
So trading might be the oldest activities (professions) of the world, except for another one (which I don't want to name).
Anyway, trading is essential and inherent part of mankind and its history. What is more interesting that nowdays we are selling and buying 'futures' and 'options', which are really weird creatures of the commodity trading world as what is traded with options does not even exist.
Bottom line: risk is also an inherent part of trading, so you can call it gambling, but I prefer to call it 'smart' gambling. For example, if you see a large hurricane on the weather forecast approching a country housing large cocoa fields, then you are smart if you buy cocoa, as the price will go up almost for sure. Well, you still gamble, but smartly.
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Member Since Mar 03, 2013
321 posts
Mar 16, 2013 at 18:35
Very well spoken FXMasterGuru
Geht Nich Gibt´s Nich
Mar 17, 2013 at 00:34
FOREX is not an gambling act, but could fall to gambling when the perpetrator does not understand how to trade FOREX, either did not understand graphs, curves, indicators, trends, economic conditions, etc.
Forex can be said to be gambling if we open a position without first analysis, this is called 100% chance.
This is my opinion
Forex can be said to be gambling if we open a position without first analysis, this is called 100% chance.
This is my opinion
forex_trader_28881
Member Since Feb 07, 2011
724 posts
Mar 17, 2013 at 06:57
At least one of my strategies have no risk at all, I can easily do 30% a year no problem. Which is about what Warren Buffet does.
So if you know what you're doing this is very far from gambling.
Problem is, who wants to do 30% a year ? More you want to do, more of a gamble it becomes.
So if you know what you're doing this is very far from gambling.
Problem is, who wants to do 30% a year ? More you want to do, more of a gamble it becomes.
Member Since Jan 05, 2013
15 posts
Mar 17, 2013 at 07:13
(edited Mar 17, 2013 at 07:15)
Anticipate further price movement I think the practical impossible, and therefore we must throw away all the technical analysis since all of these drop support and resistance also see all the dealing of the office, and be sure to do so would undermine the entire foot. We should just make the two transactions for the purchase and напродажу . And the profit depends on the volatility of the currency pair. Assume that the pair Euro USD moved during the week of 500 points. Then 500 divide by 2 get 250 points mean and 250 divide by 2 total 125 points take profit. We no difference where to move the market. 500 pips in profit . The loss did not even усредняем, the correction will take the remaining cargo. Everything. don't break your head guys. My strategy works from March of this year. Monitoring .6 currency pairs and all a good show . the maximum subsidence of 5.5%😎
Technical analysis in the ass
Member Since May 04, 2012
1608 posts
Mar 17, 2013 at 11:26
(edited Mar 17, 2013 at 11:27)
David! Are you serious...?
99.68% drawdown on your previous real live account... (https://www.myfxbook.com/members/Forex4you/controller-risk/456167)
And NOW, your are letting the world know about your NEW startegy which has been working for 2 weeks... Wow!! Two weeks already...??!!!
Come on, Man...! If you mentioned 2 YEARS, then you MIGHT be having something good going on. You are the most optimistic trader on MyFxBook! Well, never give up!!
P.S. The Russian-English Google translator is a little bit rusty...
99.68% drawdown on your previous real live account... (https://www.myfxbook.com/members/Forex4you/controller-risk/456167)
And NOW, your are letting the world know about your NEW startegy which has been working for 2 weeks... Wow!! Two weeks already...??!!!
Come on, Man...! If you mentioned 2 YEARS, then you MIGHT be having something good going on. You are the most optimistic trader on MyFxBook! Well, never give up!!
P.S. The Russian-English Google translator is a little bit rusty...
Forex4you posted:
Anticipate further price movement I think the practical impossible, and therefore we must throw away all the technical analysis since all of these drop support and resistance also see all the dealing of the office, and be sure to do so would undermine the entire foot. We should just make the two transactions for the purchase and напродажу . And the profit depends on the volatility of the currency pair. Assume that the pair Euro USD moved during the week of 500 points. Then 500 divide by 2 get 250 points mean and 250 divide by 2 total 125 points take profit. We no difference where to move the market. 500 pips in profit . The loss did not even усредняем, the correction will take the remaining cargo. Everything. don't break your head guys. My strategy works from March of this year. Monitoring .6 currency pairs and all a good show . the maximum subsidence of 5.5%😎
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Member Since Oct 17, 2012
55 posts
Mar 17, 2013 at 17:06
(edited Mar 17, 2013 at 17:07)
efata_investasi posted:
Is trading Forex gamble? because so many people often told me that forex is gambling, and if that is gambling then God will never help us with it right? because gamble is forbidden by any of religion in the world right😇?, so there is more loser than a winner on forex business because God dont like this stuff 😁 if you say forex/futures is trading so my question is what trading definition? if there is stuff to buy/sell and involved money right? so forex/futures/index is pure gambling?
Hello Friend,
Forex is no gambling; it is a 100% intellectual business which requires careful market analysis and approach.
If you wish to trade Forex as a 'gambler', you will lose more money than win!
Anyone who thinks that Forex is gambling should start buying lottery tickets right away, and not waste his/her time and money trading Forex; because chances are higher that he/she will win more money playing lottery than trading Forex...in 'gambling mode'.
Forex is no place for guessing! You either correctly know which direction (namely: 'buy' or 'sell') to go at each point in time, or lose your money! And you can know which direction to go only if you are well-informed....and not in 'gambling mode'.
Please take a moment to visit our website and see our approach to Forex trading:
https://www.comextradingllc.com
Thank you for your time.
Wishing you best trading!
No manual trading can compete with automated trading by intelligent robots. Manual trading is influenced by human emotions, whereas robots have no emotions and can take a 'calculated decision' at any moment.
Mar 17, 2013 at 21:25
Well, a few things need to be corrected at once.
1. There is no God... Not of any kind. If there was, why would he/she/it let the world be the way it is. Forget it. You'll do yourself a huge favour. According to religions there are over 2000+ gods. One more or less will not make any difference.
2. You will NEVER know in what direction a specific market will go. NEVER. If you enter a trade, it can go EITHER WAY. Period.
So, why isn't this gambling?
If you have a good system, try it for 200 trades. (Some will, of course, disagree with this number.) A good system will, on a Risk/Reward-ratio of 1:1 win 55-80% of the trades. (80 is a LOT.)
If your trial gives you anything lower (on a 1:1 RR), leave it be, and try another.
So, about the gambling...
When you look at it on just one trade, it is gambling. But if you have trialled your system correctly, you'll know that when you set a trade, you'll still win about 60 of 100 trades in the long run, but for that one trade, you have no idea. EVER. ;)
No matter what any system seller tells you...
So, why go Average Joe tell you it is gambling when you ask him? Because he has no clue.
If you want to do some trading, trust your own judgement. The average person will have no idea what you talk about.
Cheers and good luck.
/Tomas
1. There is no God... Not of any kind. If there was, why would he/she/it let the world be the way it is. Forget it. You'll do yourself a huge favour. According to religions there are over 2000+ gods. One more or less will not make any difference.
2. You will NEVER know in what direction a specific market will go. NEVER. If you enter a trade, it can go EITHER WAY. Period.
So, why isn't this gambling?
If you have a good system, try it for 200 trades. (Some will, of course, disagree with this number.) A good system will, on a Risk/Reward-ratio of 1:1 win 55-80% of the trades. (80 is a LOT.)
If your trial gives you anything lower (on a 1:1 RR), leave it be, and try another.
So, about the gambling...
When you look at it on just one trade, it is gambling. But if you have trialled your system correctly, you'll know that when you set a trade, you'll still win about 60 of 100 trades in the long run, but for that one trade, you have no idea. EVER. ;)
No matter what any system seller tells you...
So, why go Average Joe tell you it is gambling when you ask him? Because he has no clue.
If you want to do some trading, trust your own judgement. The average person will have no idea what you talk about.
Cheers and good luck.
/Tomas
Member Since Jan 05, 2013
15 posts
Mar 18, 2013 at 06:28
FxMasterGuru posted:
David! Are you serious...?
99.68% drawdown on your previous real live account... (https://www.myfxbook.com/members/Forex4you/controller-risk/456167)
And NOW, your are letting the world know about your NEW startegy which has been working for 2 weeks... Wow!! Two weeks already...??!!!
Come on, Man...! If you mentioned 2 YEARS, then you MIGHT be having something good going on. You are the most optimistic trader on MyFxBook! Well, never give up!!
P.S. The Russian-English Google translator is a little bit rusty...
Test period of trading adviser 'Controller' March of this year. Before this period worked quite another of my Advisor and showed poor results.
Technical analysis in the ass
Member Since Jan 05, 2013
15 posts
Mar 18, 2013 at 06:28
Test period of trading adviser 'Controller' March of this year. Before this period worked quite another of my Advisor and showed poor results.
Technical analysis in the ass
Member Since Jan 05, 2013
15 posts
Mar 18, 2013 at 06:28
I suggest to everyone a review of Automated Trading system « Controller Risk System»
This trading system was developed by me personally, and I want to warn that it is not for sale.
The essence of this trading system is that it, first of all, pay attention to the daily charts six currency pairs. The entrance to the deal it has only if all the criteria of the system are met. So how the system works without stops, to her I ordered additional adviser, which constantly monitors all of the charts. The level of risk in it, I ordered 5% of the drawdown of the total Deposit. After the achievement of this level Advisor «Fuse account» forcibly closes all the loss-making position for certain currency pairs and begins to hedge positions by reverse, i.e., he reverses the order, which had been running at a loss. And when the total profit for all pairs of 10 points he closes all orders, thereby preserves the Deposit.
This system gives small income-it is approximately 15 to 20% a month from the Deposit, but funding remains absolutory whole.
Now not a lot about the entrances to the deal.
First of all, the adviser of looking at the moving average with a period of 5 High and Low value on the daily chart. Thus, he wants to buy at Low sliding, and sell naturally at High level. His next step confirmation from the stochastics oscillator blow and the rebound from a level. When all of these rules are met trading system to take decisions and commit the transaction, then the transaction monitors trading system «Fuse account» .Levels of taking the profit depends on the canal Central, well it is about 100-to 200 points in one transaction.
Until this March adviser worked without a system of control over the risks, which led to a small drawdown of the Deposit. Now, the system has already been working together and the results were much better, but I had to sacrifice and part of the profit which the adviser of misses the point, as the control of the Deposit became strong.
The trading system has been exclusively developed for Financial Management to trade the markets!
You can become an investor of the PAMM account, which I will soon open. Of course as long as this system does not take the test, no applications I will not accept.
Watch and monitor the work of this trading system.
Account USD real: leverage 1:500
Min trading lot controls Advisor.
Testing strategists for 2 years
p://www.myfxbook.com/files/Forex4you/%D0%A1%D0%B8%D1%81%D1%82%D0%B5%D0%BC%D0%B0.jpg
This trading system was developed by me personally, and I want to warn that it is not for sale.
The essence of this trading system is that it, first of all, pay attention to the daily charts six currency pairs. The entrance to the deal it has only if all the criteria of the system are met. So how the system works without stops, to her I ordered additional adviser, which constantly monitors all of the charts. The level of risk in it, I ordered 5% of the drawdown of the total Deposit. After the achievement of this level Advisor «Fuse account» forcibly closes all the loss-making position for certain currency pairs and begins to hedge positions by reverse, i.e., he reverses the order, which had been running at a loss. And when the total profit for all pairs of 10 points he closes all orders, thereby preserves the Deposit.
This system gives small income-it is approximately 15 to 20% a month from the Deposit, but funding remains absolutory whole.
Now not a lot about the entrances to the deal.
First of all, the adviser of looking at the moving average with a period of 5 High and Low value on the daily chart. Thus, he wants to buy at Low sliding, and sell naturally at High level. His next step confirmation from the stochastics oscillator blow and the rebound from a level. When all of these rules are met trading system to take decisions and commit the transaction, then the transaction monitors trading system «Fuse account» .Levels of taking the profit depends on the canal Central, well it is about 100-to 200 points in one transaction.
Until this March adviser worked without a system of control over the risks, which led to a small drawdown of the Deposit. Now, the system has already been working together and the results were much better, but I had to sacrifice and part of the profit which the adviser of misses the point, as the control of the Deposit became strong.
The trading system has been exclusively developed for Financial Management to trade the markets!
You can become an investor of the PAMM account, which I will soon open. Of course as long as this system does not take the test, no applications I will not accept.
Watch and monitor the work of this trading system.
Account USD real: leverage 1:500
Min trading lot controls Advisor.
Testing strategists for 2 years
p://www.myfxbook.com/files/Forex4you/%D0%A1%D0%B8%D1%81%D1%82%D0%B5%D0%BC%D0%B0.jpg
Attachments:
Technical analysis in the ass
Member Since Jan 05, 2013
15 posts
Mar 18, 2013 at 06:28
Trade in the course of the week
Attachments:
Technical analysis in the ass
Member Since Jan 05, 2013
15 posts
Mar 18, 2013 at 06:29
I repeat,I have no desire to sell it, the more he has been improved and risk control have become more rigid. We'll see.
Technical analysis in the ass
Member Since Jan 05, 2013
15 posts
Mar 18, 2013 at 06:31
Ironman posted:You probably only look at grfik loss, look how much I have this system has already given. Withdrawal of the Deposit of almost 9000$ , and you think the schedule of the loss remains at месте.Я earn, and don't do small talk.
Well, a few things need to be corrected at once.
1. There is no God... Not of any kind. If there was, why would he/she/it let the world be the way it is. Forget it. You'll do yourself a huge favour. According to religions there are over 2000+ gods. One more or less will not make any difference.
2. You will NEVER know in what direction a specific market will go. NEVER. If you enter a trade, it can go EITHER WAY. Period.
So, why isn't this gambling?
If you have a good system, try it for 200 trades. (Some will, of course, disagree with this number.) A good system will, on a Risk/Reward-ratio of 1:1 win 55-80% of the trades. (80 is a LOT.)
If your trial gives you anything lower (on a 1:1 RR), leave it be, and try another.
So, about the gambling...
When you look at it on just one trade, it is gambling. But if you have trialled your system correctly, you'll know that when you set a trade, you'll still win about 60 of 100 trades in the long run, but for that one trade, you have no idea. EVER. ;)
No matter what any system seller tells you...
So, why go Average Joe tell you it is gambling when you ask him? Because he has no clue.
If you want to do some trading, trust your own judgement. The average person will have no idea what you talk about.
Cheers and good luck.
/Tomas
Technical analysis in the ass
Member Since Jan 05, 2013
15 posts
Mar 18, 2013 at 06:31
If that sorry for version. it's not the Holy Grail, but she copes well with the market and does not even require optimization of the monthly.
Technical analysis in the ass
Mar 18, 2013 at 09:44
Forex4you posted:
You probably only look at grfik loss, look how much I have this system has already given. Withdrawal of the Deposit of almost 9000$ , and you think the schedule of the loss remains at месте.Я earn, and don't do small talk.
Well, now, I wasn't talking about you, per se, but since you're at it, the only way a Martingale will work, and that isn't sure even then, is when the win-% is above 50%, on a RR on 1:1.
Otherwise, and perhaps even then, you're doomed.
I know you won't agree, so we'll just have to wait and see.
Member Since May 29, 2012
18 posts
Mar 19, 2013 at 08:13
1. There is no God... Not of any kind. If there was, why would he/she/it let the world be the way it is. Forget it. You'll do yourself a huge favour. According to religions there are over 2000+ gods. One more or less will not make any difference.
Everyone can have their own opinion, but if there is a God you will be the one who go first to hell dude LOL.
Everyone can have their own opinion, but if there is a God you will be the one who go first to hell dude LOL.
Low Risk Medium Profit
Mar 19, 2013 at 09:57
efata_investasi posted:
1. There is no God... Not of any kind. If there was, why would he/she/it let the world be the way it is. Forget it. You'll do yourself a huge favour. According to religions there are over 2000+ gods. One more or less will not make any difference.
Everyone can have their own opinion, but if there is a God you will be the one who go first to hell dude LOL.
Depends on who is right. If the muslims are right, I bet that the jews and christians go first. If the christians are right, the muslims will go first. (And also, it depends on which of the 4000+ christian divisions is right, it might be that the other 3999 other christian communities goes first.)
So, basically, I'm not worried.
