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Is forex gambling?

moerwadi (moerwadi)
May 24 2013 at 07:07
293 posts
jmlforex posted:
If you like to gamble, forex can be the right place to do it. After all you have 50% chance (minus spread) to be right.
If you want to analyse, manage risk, ect.....you can do it too, and I dont think It will be gambling. This is why technical and fundamental analysis exist.
Regards

i agree with you, technical and fundamental analysis because without it you will go bankrupt..

forexpipcatcher
May 25 2013 at 01:37
286 posts
50% chance - (minus spread) = <50% (in turn = No chance unless you have improved the chance mathematically)

frank (franka)
May 25 2013 at 07:29
1 posts
Let me know if you can go to any racetrack in the country,place your $2.00 bet. Then go watch the race, you see your horse just does not feel like running today. Go to the cashier that took your $2.00 wager and tell him or her you want half your bet back $1.00 . Which in Forex that might be called a stop loss. I don't have to tell you what the answers would be. Now that is gambling. Forex is no where near gambling no more than th stock market. Case closed.

jmlforex
May 25 2013 at 07:33
17 posts
Chris (chrish9070)
May 25 2013 at 07:33
45 posts
Anyone who asks me if forex trading is gambling I say well if it is, i am a damn good gambler!

forexpipcatcher
May 25 2013 at 09:18
286 posts
chrish9070 posted:
Anyone who asks me if forex trading is gambling I say well if it is, i am a damn good gambler!


If you were a good gambler you wouldn't be here would you? You would be spending all your winnings rather than waste time on here.

forexpipcatcher
May 25 2013 at 09:28
286 posts
franka posted:
Let me know if you can go to any racetrack in the country,place your $2.00 bet. Then go watch the race, you see your horse just does not feel like running today. Go to the cashier that took your $2.00 wager and tell him or her you want half your bet back $1.00 . Which in Forex that might be called a stop loss. I don't have to tell you what the answers would be. Now that is gambling. Forex is no where near gambling no more than th stock market. Case closed.


Your scenario leads us to believe you have no clue about making money in forex lol
Let me make things clear your SL puts you in a $2 losing position. If you didn't have the SL you would lose your entire life earnings the speed you lose it at would rely on the leverage you use.

That's why brokers make money and 98% of so called traders make brokers rich lol
If you made money they would lose money.... it's a balance i.e they don't mind losing small amounts to gain BIG amounts where they can.

Put it this way either you make money or the liquidators of the brokers make money. So who will it be?
Go research the software they use to scam you out of your money... especially the company's that make them the software.

I can give you a headstart straight to one of the software developers that help brokers make you broke lol

Chris (chrish9070)
May 25 2013 at 16:13
45 posts
Well actually thats not true at all, I run a live trade room with a partner giving between 8 - 12 hrs of my time each day so they can make the same money and trades I take right in front of their eyes. Actually trade for a US hedgefund managing over 10 million dollars. Just some people like to give something back and help others who are struggling. Iv had a few people quit their jobs and become full time traders after being with me for a while. Realise there is alot of scams out there and its sad I know but there are some people who do like to help!

forexpipcatcher
May 25 2013 at 19:27
286 posts
Let me guess you been doing this for less than 2 years right?

forexpipcatcher
May 25 2013 at 22:51
286 posts
chrish9070 posted:
Well actually thats not true at all, I run a live trade room with a partner giving between 8 - 12 hrs of my time each day so they can make the same money and trades I take right in front of their eyes. Actually trade for a US hedgefund managing over 10 million dollars. Just some people like to give something back and help others who are struggling. Iv had a few people quit their jobs and become full time traders after being with me for a while. Realise there is alot of scams out there and its sad I know but there are some people who do like to help!


I tell you what why not start a PAMM account and let us invest in it for free since you give back so much lol....

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