Is forex gambling?

You can gamble on the forex market if you want to but it doesn't have to be that way. Check out the win/loss ratio on on this EA. This at least is not gambling.

https://www.myfxbook.com/members/ForexAssistant/rise-audcad/578913

Note; this EA will no longer work with US brokers. Another outcome of our screwed up government hurting Americans. Americans, free yourselves of this outrage, vote for the 3rd party of your choice.

ForexAssistant posted:
You can gamble on the forex market if you want to but it doesn't have to be that way. Check out the win/loss ratio on on this EA. This at least is not gambling.

https://www.myfxbook.com/members/ForexAssistant/rise-audcad/578913

Note; this EA will no longer work with US brokers. Another outcome of our screwed up government hurting Americans. Americans, free yourselves of this outrage, vote for the 3rd party of your choice.

Nice demo account my advice is take out some demo money and buy yourself lunch because lets face it 12% per is very secure after all the DD I can see on your graph.
With your excellent strategy it wont be long before you become a millionaire say 25 years or more.... come see me in my grave sonny lol
Keep up the good work!

The subject was 'is the forex gambling'. I don't need your commentary on what you know nothing about. A 99.9 win ratio indicates that there is no gambling here. Try to stay on topic.

Next, this one is a demo account because I live in the US, see previous post that this program will no longer work in the US. For my live account while here, I use something different, also of my own design, but the whole strategy is to diversify my holding into 3 or four programs. Since they all trade differently, I get some good added safety. I am all about safe, not making a million dollars, that nonsense is for children.

One more thing, if you think I will ever show you any of my live accounts, maybe you should think about renaming yourself to dreamcatcha. If you work for the IRS get a subpoena, if not, it's none of your business.

Systemic trading is new, and is different than technical or fundamental trading. Your comments told me that you don't know systemic trading so you can't know enough to make an intelligent comment on the subject.

If this is a little harsh it is because there are so many, mostly children, that never try to make anything for themselves, they get their 'feel good' by tearing down what others have built. I used to try to be civil but there are just too many of these inferior types these days and I just don't have the patience for stupidity.

Before you actually lecture someone, be sure to read the question.

The real essence of the question is lost all the time here, because people don't read the OP's first post. It was, in short:

Is Forex Gambling, according to [my] religion?



In the rest of your statement, you're probably right.
But a word of advice is not to argue with forexpipcatcha; it is like masturbating with a cheese grader - somewhat amusing, but mostly painful. He lowers the IQ of the whole community when he speaks.
;)

ForexAssistant posted:
The subject was 'is the forex gambling'. I don't need your commentary on what you know nothing about. A 99.9 win ratio indicates that there is no gambling here. Try to stay on topic.

Next, this one is a demo account because I live in the US, see previous post that this program will no longer work in the US. For my live account while here, I use something different, also of my own design, but the whole strategy is to diversify my holding into 3 or four programs. Since they all trade differently, I get some good added safety. I am all about safe, not making a million dollars, that nonsense is for children.

One more thing, if you think I will ever show you any of my live accounts, maybe you should think about renaming yourself to dreamcatcha. If you work for the IRS get a subpoena, if not, it's none of your business.

Systemic trading is new, and is different than technical or fundamental trading. Your comments told me that you don't know systemic trading so you can't know enough to make an intelligent comment on the subject.

If this is a little harsh it is because there are so many, mostly children, that never try to make anything for themselves, they get their 'feel good' by tearing down what others have built. I used to try to be civil but there are just too many of these inferior types these days and I just don't have the patience for stupidity.

You must be as successful in earning money as mouthing off...lets say your life earning must have reached 5 cents or 1 mill in demo money tool . 99% win ratio shows your pathetically dilusional about success because not one person ever has survived more than a year with 99% or more, hence why your a demo freak demo brain. Stick to what your good at and that is demo Mr Demo brain go make demo money and come buy me a demo house or a demo mansion lol. The only reason you can't show live is because you got jack old boy and until you can show something live and substantial go hide under the demo toilet seat you live in. The only thing I can dream of is your demo money demo king.

Did I make myself demo clear demo hero?

I see Ironbrain is back probably taken out a loan from the bank to try and trade with. Why not make an Iron EA but ensure this has some success not like you half witted and half delusional beggar

'Before you actually lecture someone, be sure to read the question.'

My apologies, I stand corrected. But I didn't think that the 'god won't help us trade the forex' was serious. The statement that gambling is forbidden in all religions was not true, so I kind of ignored the religious part.

But as to your post, OK the traditional concept of God is obviously, seriously flawed, but I can't buy into no kind of God. Consider, if there was one massive field of intelligence, and in the field there are individual thought energy patterns (that's us) that is part of the whole but not the whole. Would not the whole be considered God? That is of course just one example.

However, even if there is some thing living in 13 dimensions (or 26) that can be considered God, is it conceivable that this entity would give a rats ass about how we play with our little green pieces of paper or shinny mettle trinkets? Probably not, but the question of the safety of the forex market is a valid concern and I would argue that the forex market is the safest of all markets to invest with. But I will not do so at this time.

Bob

Only stupid people assume that forex is safe hence why they aren't making a living out of forex trading

Ironman posted:
Before you actually lecture someone, be sure to read the question.

The real essence of the question is lost all the time here, because people don't read the OP's first post. It was, in short:

Is Forex Gambling, according to [my] religion?



In the rest of your statement, you're probably right.
But a word of advice is not to argue with forexpipcatcha; it is like masturbating with a cheese grader - somewhat amusing, but mostly painful. He lowers the IQ of the whole community when he speaks.
;)

Agreed. The old saying of 'Don't argue with an idiot. They'll drag you down to their level and beat you with experience' is very applicable here. Another that is very applicable to forexpipcatcha is that it is better to have everybody think you are an idiot than to burst into print proving their assumptions correct.

I'm just amazed that he continues to display such arrogance when the accounts he displays are abysmal!! The accounts he so proudly displays show a handsome profit of $2737.63 since October 2013. We should all bow down to your prowess and skill should we?

Seriously you clown, shut up and get back in your box until you have something constructive to say. I drink more than you have made on forex. You should just hang your head in shame and shut up until you have a real trading account. One that you can live off. One that is not trading play money. In the mean time leave others alone you insignificant, unintelligent, ill-informed, self proclaimed guru because it is very obvious that you haven't got a clue what you are talking about.

Again enough said from me and when you are finished your aggressive retort further proving that you do not have either the self control or the intelligence to be a great trader I will not be responding to the likes of you on this thread. So knock yourself out.

Silverthorn posted:

Ironman posted:
Before you actually lecture someone, be sure to read the question.

The real essence of the question is lost all the time here, because people don't read the OP's first post. It was, in short:

Is Forex Gambling, according to [my] religion?



In the rest of your statement, you're probably right.
But a word of advice is not to argue with forexpipcatcha; it is like masturbating with a cheese grader - somewhat amusing, but mostly painful. He lowers the IQ of the whole community when he speaks.
;)

Agreed. The old saying of 'Don't argue with an idiot. They'll drag you down to their level and beat you with experience' is very applicable here. Another that is very applicable to forexpipcatcha is that it is better to have everybody think you are an idiot than to burst into print proving their assumptions correct.

I'm just amazed that he continues to display such arrogance when the accounts he displays are abysmal!! The accounts he so proudly displays show a handsome profit of $2737.63 since October 2013. We should all bow down to your prowess and skill should we?

Seriously you clown, shut up and get back in your box until you have something constructive to say. I drink more than you have made on forex. You should just hang your head in shame and shut up until you have a real trading account. One that you can live off. One that is not trading play money. In the mean time leave others alone you insignificant, unintelligent, ill-informed, self proclaimed guru because it is very obvious that you haven't got a clue what you are talking about.

Again enough said from me and when you are finished your aggressive retort further proving that you do not have either the self control or the intelligence to be a great trader I will not be responding to the likes of you on this thread. So knock yourself out.

WOW the cockroaches come out in dozens all drunk and all talk with no substance you fool.. crawl back to your boss loser and seek a pay rise, that's the only way you will get money and no one here displayed anything but intellect something your parents lacked and passed emptiness onto you. If one could lower the IQ of these losers like yourself yobo it would be you and your lack of wit and achievement. So go back to mummy and cry her a river then go eat a Kangaroo while you lose your money trading.

Notice that I don't listen to idiots but only put them back in the hole they crawled out of lol. you're one of those 98% that are not just losers but useless at anything but whinging and you will be responding to what I say and want foolish one at precisely when I want you too because your just another sheep crying for help while drunk.

Where is the reset button because this thread needs a big reset.

Greatings to everyone.

forexpipcatcha posted:

Silverthorn posted:

Ironman posted:
Before you actually lecture someone, be sure to read the question.

The real essence of the question is lost all the time here, because people don't read the OP's first post. It was, in short:

Is Forex Gambling, according to [my] religion?



In the rest of your statement, you're probably right.
But a word of advice is not to argue with forexpipcatcha; it is like masturbating with a cheese grader - somewhat amusing, but mostly painful. He lowers the IQ of the whole community when he speaks.
;)

Agreed. The old saying of 'Don't argue with an idiot. They'll drag you down to their level and beat you with experience' is very applicable here. Another that is very applicable to forexpipcatcha is that it is better to have everybody think you are an idiot than to burst into print proving their assumptions correct.

I'm just amazed that he continues to display such arrogance when the accounts he displays are abysmal!! The accounts he so proudly displays show a handsome profit of $2737.63 since October 2013. We should all bow down to your prowess and skill should we?

Seriously you clown, shut up and get back in your box until you have something constructive to say. I drink more than you have made on forex. You should just hang your head in shame and shut up until you have a real trading account. One that you can live off. One that is not trading play money. In the mean time leave others alone you insignificant, unintelligent, ill-informed, self proclaimed guru because it is very obvious that you haven't got a clue what you are talking about.

Again enough said from me and when you are finished your aggressive retort further proving that you do not have either the self control or the intelligence to be a great trader I will not be responding to the likes of you on this thread. So knock yourself out.

WOW the cockroaches come out in dozens all drunk and all talk with no substance you fool.. crawl back to your boss loser and seek a pay rise, that's the only way you will get money and no one here displayed anything but intellect something your parents lacked and passed emptiness onto you. If one could lower the IQ of these losers like yourself yobo it would be you and your lack of wit and achievement. So go back to mummy and cry her a river then go eat a Kangaroo while you lose your money trading.

Notice that I don't listen to idiots but only put them back in the hole they crawled out of lol. you're one of those 98% that are not just losers but useless at anything but whinging and you will be responding to what I say and want foolish one at precisely when I want you too because your just another sheep crying for help while drunk.

This guy forexpipcatcha is funny; he a acts as he was a forex super star genius when he came to may asking for programming services for a 'PURE SCIENCE MATHEMATICAL STRATEGY THAT WON'T FAIL', it was a hedged martingale strategy that blew up a 10.000USD virtual account startin with a 0.1 Lot size in less than 2 months.

HEY, HAVE YOU HEARD FROM NASA YET? THEY WANT TO BUY YOUR SCIENTIFIC STRATEGY TO FOUND MARS 2025.

Also, besides being PATHETIC, BE AWARE WITH THIS GUY. He is probably looking to fraud. While I talked to him on Skype he showed me some accounts to impress me and mentioned investing some money quick on his strategy, which for a novice trader would give a false sense of wealth at first sight.

PipChatcha isn't funny, he's just a kid. He'll think a lot differently in ten years or so, then he'll be embarrassed by what he did in his youth, just as we all were.

But a suggestion if I might, the quotes are getting longer than the new comments. Maybe we can trim out the older and non relevant portions for easier readability.

So, are we off topic to discuss the forex/gambling as it relates to safety or is the general consensus such that we should stay with the topic of divine intervention?

Bob

WOW look what rif raf forums brings. Imagine if I wanted to find where low lifes reside lol I wouldn't need to look any further.
Gomes you foolish idiot who begs people to get free copies of what they have. You're a failure in life loser and your best solution is to do something drastic like jump of a cliff. You bought your Engineering Degree from ebay right? Lets face it low life you haven't got the brains to pass any tertiary subjects.
What a loser you are and as for me being a fraud? I didn't offer anything low life but one thing for sure I am doing much better than you without effort lol which indicates you are desperate and useless you beggar.
Now Bobby old boy if you have any suggestions why not use them to your trading advantage loser instead of crying like the old man you are.

Face It demo king you will always be a demo millionaire unlike that Gomez ...what is that Mexican hiding in the South American shadows? You Taco brain!

Anybody else fools?

Gomez is spanish and as you don't have money to travel you would know that in south america most of us are called Gomez; it's not a Mexican surname, it's Spanish.

Taco brain, that's funny. I remember logging in to your computer to see those greate HEDGE/MARTINGALE strategies and your computer was in Chineese while you were asking me to invest in your shitty strategy.

Pretty scummy, hugh?

I can imagine how pathetic should be to get your 60s and try to make money from a mediocre forex strategy/scam; I understand the pain in your words.

I don't ask low lives to invest in anything but their bad habits low life. You have nothing to offer, have nothing constructive to add is a nobody that has ever been successful and certainly is useless at trading Taco head. So the only thing you are capable of doing low life is crying like a Gomez and begging for systems because you are too stupid to be successful.
Do drop in when you can make a system that makes you some retirement money loser but I know this will never happen because you are clueless at anything wether it being martingale , hedge or anything successful.
Your nature is always to be a loser that how you were made one of the 98% lol. Go back to your boss and beg for money!

Howdy,

Hey, who's for getting back on track and conversing about meaningful stuff here ?

Although each of us has their own opinion on what defines gambling - mine is that gambling is simply taking risks without any statistically valid plan or reason - like buying a lotto ticket or betting on black all night.

Card counters at casino play the odds, that is why they are successful.

Successful FX trader trade the odds, too, and that is why they are successful.

There is still risk though, lets not forget that.

Why most folks loose at FX is that they do not employ and adhere to a statistically valid trading plan. Most folks do not really understand what a statistically valid trading plan or system is, much less be able to quantify one so that even when there's one right in front of their eyes they still can't see it. Little wonder most folks loose when trading FX.

I append below 3 x statistically valid trading systems backtests (6 pairs min x 10 years min x 100 trades a year min per each pair) and fwd tests to prove the theory that its all about employing and sticking to statistically valid trading plans ;

https://auth.new-millenniuminc.com/gate/backtests/portfolio/ff_portfolio.htm
https://www.myfxbook.com/members/sandtrap/mt4-421490/824355

https://auth.new-millenniuminc.com/gate/backtests/portfolio/cv_portfolio.htm
https://www.myfxbook.com/members/NewMillenniumInc/nmi-carnivore/790894

https://auth.new-millenniuminc.com/gate/backtests/portfolio/mx_portfolio.htm
https://www.myfxbook.com/members/NewMillenniumInc/nmi-matrix/846529
https://www.myfxbook.com/members/NewMillenniumInc/nmi-matrix-mam/859326 real 5k start at Global Prime

There's another system Ive built with superior numbers to Firefly and Carnivore, that I cant reveal publicly, that likewise shows the same outcome as above. Thats 4 from 4 and after nearly 10 years in FX Im finally left in no doubt about what works and am here to share my work and my input with you.

I for one am here to make money out of the 5 trillion a day t/o we all here so much about instead.

Anyone want to join me on our quest to take our fair share of cake, we're all the same side arent we ? (its US vs the BANKS, it always has been) If so, may I suggest to join the NMi forum and do some more due diligence for yourself, maybe even join the live skype chat of like minded traders. NMi are the good guys - the banks are the bad guys - and we aim to make them pay !

Cheers, Adam :)

You know what really moves forex trading from gambling to a consistent profitability is in the money management used. This is what I saw that got my interest going back in 2007 for the forex market. Like today, everyone is talking about how much money this strategy would make or that one but no one seemed to understand the new forex market or the need for money management when investing in this market.

Forex is safer than just about any market in the world. There are never any bubbles, no one can corner the forex market, its just to big. There is no such thing as cooking the books, there are no books. No one can deceive anyone into believing a currency is worth more or less than what it is.

The single most important factor in safe investing, is transparency. If the market is truly transparent, as the forex is, everyone knows all that they care to so there is never insider trading, no special back room arrangements as happens in stocks. There is no other market known to man as transparent as the forex market is. But it doesn't stop there.

The second pillar of a safe investment is liquidity, when trading millions of dollars at a time, traders can not use the same types of strategies that small cap traders can because when they close out of a position, they need someone to take the opposite side of the trade. There isn't enough liquidity in all markets to be able to get out when you need to. Never a problem with the forex market, it is also the most liquid market on the planet.

But what really makes the forex stand out from the rest when it comes to safety is the concept of normal. Normalcy in a market makes for stability, something that can be counted on. Normalcy is part of the forex market, but I am willing to bet not one in 50 forex traders can tell you what that means. The stock market actually did collapse, but the worst that happened was a few traders threw themselves out a window, but if the currency market would ever collapse, people would be throwing each other out the window. The new reality is that the forex market can't collapse, if it ever does, don't worry about your investments. When new traders begin to understand this principle, they can understand safe forex trading. The rest will just deny that there is any such thing as normal in any type of trading, for them, the forex market is gambling.

The forth pillar of security in investing is simplicity. The KISS principle in one more area. Keep It Straightforward and Simple. When you buy a stock, you don't know if the value of the stock is going up or the value of the currency is going down. Every market in the world is valued in some other market than it's own except the forex currency market. We don't need to track two separate markets because currencies only compare to other currencies, (same market).

The pillars of Simplicity, normalcy, transparency and liquidity all combine to make the forex market is the safest market in the world. So why do so many new investors lose money? They use the wrong strategies to take advantage of the strengths of the forex market, its safety factor. Good money management strategies make all the difference.

Bob

ForexAssistant posted:
You know what really moves forex trading from gambling to a consistent profitability is in the money management used. This is what I saw that got my interest going back in 2007 for the forex market. Like today, everyone is talking about how much money this strategy would make or that one but no one seemed to understand the new forex market or the need for money management when investing in this market.

Forex is safer than just about any market in the world. There are never any bubbles, no one can corner the forex market, its just to big. There is no such thing as cooking the books, there are no books. No one can deceive anyone into believing a currency is worth more or less than what it is.

The single most important factor in safe investing, is transparency. If the market is truly transparent, as the forex is, everyone knows all that they care to so there is never insider trading, no special back room arrangements as happens in stocks. There is no other market known to man as transparent as the forex market is. But it doesn't stop there.

The second pillar of a safe investment is liquidity, when trading millions of dollars at a time, traders can not use the same types of strategies that small cap traders can because when they close out of a position, they need someone to take the opposite side of the trade. There isn't enough liquidity in all markets to be able to get out when you need to. Never a problem with the forex market, it is also the most liquid market on the planet.

But what really makes the forex stand out from the rest when it comes to safety is the concept of normal. Normalcy in a market makes for stability, something that can be counted on. Normalcy is part of the forex market, but I am willing to bet not one in 50 forex traders can tell you what that means. The stock market actually did collapse, but the worst that happened was a few traders threw themselves out a window, but if the currency market would ever collapse, people would be throwing each other out the window. The new reality is that the forex market can't collapse, if it ever does, don't worry about your investments. When new traders begin to understand this principle, they can understand safe forex trading. The rest will just deny that there is any such thing as normal in any type of trading, for them, the forex market is gambling.

The forth pillar of security in investing is simplicity. The KISS principle in one more area. Keep It Straightforward and Simple. When you buy a stock, you don't know if the value of the stock is going up or the value of the currency is going down. Every market in the world is valued in some other market than it's own except the forex currency market. We don't need to track two separate markets because currencies only compare to other currencies, (same market).

The pillars of Simplicity, normalcy, transparency and liquidity all combine to make the forex market is the safest market in the world. So why do so many new investors lose money? They use the wrong strategies to take advantage of the strengths of the forex market, its safety factor. Good money management strategies make all the difference.

Bob

i saw your account...your trading is different from what you said here..anyway i liked it