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Is forex gambling?

vontogr (togr)
Jan 23 2014 at 12:39
4862 posts
It is not gambling,

if you
A. know what you are doing
B. are not greedy
C. have a patience
D. remove emotions from trading
E. stick to a good plan

It took my years to stop loosing money on forex and start profiting 10% /mo
It was tough but it is possible

JoeDorman
Jan 23 2014 at 18:41
26 posts
togr posted:
It is not gambling,

if you
A. know what you are doing
B. are not greedy
C. have a patience
D. remove emotions from trading
E. stick to a good plan

It took my years to stop loosing money on forex and start profiting 10% /mo
It was tough but it is possible


Yes, that its.
Mutch discipline and a good plan in combination with a perfect moneymanagement.
Joe

Wir schlage den ForexMillioaer
Ironman
Jan 23 2014 at 19:02
70 posts
It is still gambling in the eyes of the goatherders that invented two major religions in the middle east about 1400-2000 years ago.
If you are worried about what your God/Allah will think about this, you probably shouldn't be here. It is sinful and wrong.


Can we not let this fracking thread die now?

vontogr (togr)
Jan 23 2014 at 22:32
4862 posts
Ironman posted:
It is still gambling in the eyes of the goatherders that invented two major religions in the middle east about 1400-2000 years ago.
If you are worried about what your God/Allah will think about this, you probably shouldn't be here. It is sinful and wrong.


Can we not let this fracking thread die now?


BTW I think these guys are actually the best traders - both real life and forex;)

ArdiFX (ahuruglica)
Jan 23 2014 at 22:42
852 posts
togr posted:

BTW I think these guys are actually the best traders - both real life and forex;)


If what you say is true, maybe it has something to do with having four wives ;)

forex alert system (forexalertsystem)
Jan 24 2014 at 00:37
101 posts
No one beats the bank we just beat each other up! 😇

FxMasterGuru (FxMasterGuru)
Jan 24 2014 at 01:05
1607 posts
forexalertsystem posted:
No one beats the bank we just beat each other up! 😇


I disagree with the 'no one' wording.

There are constantly profitable private traders. The fact that they don't advertise themselves on MyFxBook does not mean that they don't exist.

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
forex alert system (forexalertsystem)
Jan 24 2014 at 01:12
101 posts
Did not say you can't be profitable just saying no one beats the banks. your forgetting that on the end of every winning trade is a loser. chances are its an unskilled trader on that other end... banks win period with the spread they charge you from the start....

this recent article is a good example of how the game is rigged.

https://www.bloomberg.com/news/2014-01-16/metals-currency-rigging-worse-than-libor-bafin-s-koenig-says.html

FxMasterGuru (FxMasterGuru)
Jan 24 2014 at 01:22
1607 posts
Well, it is a definite advantage to be a 'wholesaler' (bank) on a market where there are plenty of retail shops (brokers) and customers (traders). The service provided by banks on the Forex market is a service similar to one casinos provide to gamblers.

I agree that banks (as casinos) cannot be beaten, but who wants to beat the banks (casinos)...?

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
C (CESTRADES)
Jan 24 2014 at 05:08
29 posts
FxMasterGuru posted:
Well, it is a definite advantage to be a 'wholesaler' (bank) on a market where there are plenty of retail shops (brokers) and customers (traders). The service provided by banks on the Forex market is a service similar to one casinos provide to gamblers.

I agree that banks (as casinos) cannot be beaten, but who wants to beat the banks (casinos)...?

Well said; my last words on this, Forex is not a competition; between traders and banks or traders and brokers or traders and other traders.
It's a constant moving market of money, that's all. If a trader is smart, they simply follow the fundamentals and not just the indicators and they can grab some of it. Manage it and they can keep some of it...Follow the money...save the money.

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