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Is forex gambling?

Forex21
Mar 13 2014 at 14:34
416 posts
I would like to share a few wise words from Mark Douglas (Trading in the Zone):

'There is a random distribution between wins and losses for any given set of variables that define an edge/system. In other words, based on the past performance of your edge, you may know that out of the next 20 trades, 12 will be winners and 8 will be losers. What you don't know is the sequence of wins and losses or how much money the market is going to make available on the winning trades. This truth makes trading a probability or numbers game. When you really believe that trading is simply a probability game, concepts like right and wrong or win and lose no longer have the same significance. As a result, your expectations will be in harmony with the possibilities.'


Bob LLewellyn (ForexAssistant)
Mar 13 2014 at 17:13
465 posts
Science disagrees to some extent. Consider the double slit experiment. When the electrons are not measured, they go through both slits and make a wave pattern, but when observed, they act like particles and do not form a wave pattern. The act of watching has an effect on the outcome. Given this, I question if anything is truly a random distribution or is the probability of all outcomes equally viable until the event, giving the illusion of randomization?

Here's an experiment that we can try to see what effect it has on expected outcome. We mostly ignore pipchatcha, which is the correct way to handle a misbehaving young person because what they really need, or is trying to get, is attention. The experiment would be for everyone to only say niece things or excepting dialog with pipcatcha, no matter what he says to any of us or about us. Does positive attention change a bad trader into a successful one by only using positive feedback?

Everyone has some good attributes if we care to look for them, for all we know the kid may only be 13, we don't know the actual age, we are just estimating by his vocabulary and behavior. A young person that is willing to jump into this shark tank at such a young age says some good things about the kid. Tenacity being one, unless of course he can't handle it and runs for the exit. However, I am willing to give it a go.

Bob

PS. Pipcatcha, just for the record, how many years have you been on this planet? It's not important but it will help us to be able to see and appreciate your accomplishments.


where research touches lives.
lastpiponearth
Mar 13 2014 at 21:33
37 posts
Pipcatcha can answer some of the very technical questions you guys might have. Don't attack him directly. Maybe he can enlighten us on how things really are. I heard he's been from the buy side lately so I guess he thinks that retail traders are just piss(sic).

From now on ask him technical questions and see if he can actually explain them thoroughly, he is a bigshot anyway ;)

forexpipcatcha
Mar 13 2014 at 22:22
325 posts
Do you think you losers have any effect on me? Face reality that you are amongst the 98% or more that lose but I appreciate you crying like babies but if it weren't for you losers I wouldn't be in the predicament I'm in. 😀
So keep crying whinging and pretending to know it all while you're helping me bring home the bacon losers.

Keep up the good work i.e losses lol

FXWorkz (Silverthorn)
Mar 13 2014 at 22:27
268 posts
I miss Zero./ He was more creative than the Pipcatcha. Trades are open!! Can't we bring back Zero./ and boot this clown?

I thought Pipcatcha would provide the same level of entertainment but he is just crass and crude and a sad disappointment. Just as stupid but not at all as creative.

There is no substitute for the real thing.

You can't spend open trades.
forexpipcatcha
Mar 14 2014 at 00:53
325 posts
You can try to boot idiot but the only booting will be done to you loser who needs to buy systems to try and make money because he can't afford anything nor can he trade and make his weekly salary of 2 dollars

FXWorkz (Silverthorn)
Mar 14 2014 at 05:10
268 posts
Ok you smart ass loud mouth. Lets see what you are really made of.

Competition.

You and me.

Live account.

10K USD real money.

No demos.

Any style of trading. Automated or Manual.

Accounts are displayed on MFXB.

We each fund our own account and place an additional 10k USD in Escrow with a US Escrow provider escrow.com. We need a reputable MFXB member to act as the Broker account with escrow.com to release the funds to the winner. We share the legal expense to set up a binding contract and the $175.50 Escrow fees. I'll cover the $25.00 intermediary bank fee that will be levied because I'm not a US citizen. Disbursement fees will be the responsibility of the winner.

Trade for one month and winner gets the 20k USD in Escrow. Looser closes their MFXB account and shuts the f... up.

If you're as good as you say you are you'll make the 10k I'm going to take off you in that month so you really won't be loosing anything but your reputation as the most bad ass, loud mouthed trader on MFXB!!

I thought 10K would be an affordable amount for you but if it is not enough to get your interest we can make it 50k even 100k in Escrow if you find it more appealing??? Come to think of it you may even win because I'll be coming in with the gloves off and my most aggressive high risk strategy and may crash and burn but it's your call!!

All you've got to do is Find a long standing member that you haven't pissed off yet and get them to agree to be the Escrow Broker fund your account and we're good to go.


You can't spend open trades.
FXWorkz (Silverthorn)
Mar 14 2014 at 05:55
268 posts
'
Your name here!!

You can't spend open trades.
Swiss Management
SwissManagement
Mar 14 2014 at 05:57
110 posts
FXWorkz (Silverthorn)
Mar 14 2014 at 06:10
268 posts
@forexpipcatcha Just PMd you my Escrow email address so you can set up the Escrow account. Who would like to act as my Broker account for the competition? You need to be a long standing and reputable member. You will hold the funds in your Escrow account (no cost to you) for the period of the competition as a broker. Acting as a broker in the transaction funds can only be released to forexpipcatcha or returned to me after 30 days.

You can't spend open trades.
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