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Is forex gambling?

Bob LLewellyn (ForexAssistant)
Mar 14 2014 at 06:36
465 posts
Wait, you have to agree on the rules. US or Off Shore. If Pipcatcha is a US citizen, he is limited to 50:1 margin. To make it fair, you should both agree upon and use the same broker.

Pipcatcha, you just got challenged to a duel, You don't have to do this, use your head, Silverthorn is a pro and he wouldn't have laid down the challange if he didn't have a good idea that one of his techniques makes a high return, most likely, it will also lose big eventually but you would be gambling on weather the loss would happen during the month of duel. One month, that's not a lot of time. Certainly not enough time to recover from a bad slip.

However kid, I for one think you have what it takes. This may be your time to break through and earn that respect, you can shut their mouths about your abilities with one swift move, and believe me, if you can beat Silverthorn, you would have earned it. Just one word of warning, I have never seen a challenge of this type where the loser didn't disappear, never to be seen or heard from again. These competitions may not be to the death, but they can be the death of a reputation.

Duel; 1. A prearranged, formal combat between two persons, usually fought to settle a point of honor.
        2. A struggle for domination between two contending persons, groups, or ideas.

To back down means defeat but, it is a defeat that you can live with. Ask yourself, are you ready?

Bob

where research touches lives.
FXWorkz (Silverthorn)
Mar 14 2014 at 06:40
268 posts
Thanks for your concern Bob but the accounts he shows have 400:1 leverage so he's going to be free to pick his broker.

You can't spend open trades.
FXWorkz (Silverthorn)
Mar 14 2014 at 07:40
268 posts
From the PM I just received from Junior it seems he is not up to the challenge. Has a very colourful vocabulary though!! 😀 Apparently he is an investor not a trader stating that 'all but one I invested in lost all the money so the accounts you see is not all my trading fool'. I'm happy to invest for one month instead of trading!!

It appears that this is all beneath his superior intellect and he does not want a part of it.

You can't spend open trades.
Bob LLewellyn (ForexAssistant)
Mar 14 2014 at 07:42
465 posts
So kid, does that mean you're backing down? It's OK, if your not ready, your not ready. Have you heard the one about David and Goliath? It is worth the telling when David wins but what doesn't make the news any more is the fact that most of the time, the other Davids, don't fare so well.

I think you can do it, but I've been wrong before.

Bob

where research touches lives.
FXWorkz (Silverthorn)
Mar 14 2014 at 07:44
268 posts
LOL You're a bad man Bob!!

You can't spend open trades.
FXWorkz (Silverthorn)
Mar 14 2014 at 07:46
268 posts
Would it help if I made it a cent account and we trade for 1000 bucks?

You can't spend open trades.
Bob LLewellyn (ForexAssistant)
Mar 14 2014 at 07:49
465 posts
Well, looks like congratulations are in order for your win Silverthorn, and what ever do you mean?

where research touches lives.
FXWorkz (Silverthorn)
Mar 14 2014 at 07:53
268 posts
Bob don't get me wrong. I think you're OK. But apparently even after all the support you tried to give Junior he thinks you're lower than a snakes belly!!

You can't spend open trades.
forexpipcatcha
Mar 14 2014 at 07:54
325 posts
No no fool I don't think I know lol

Bob LLewellyn (ForexAssistant)
Mar 14 2014 at 07:56
465 posts
(Knowing grin with just a twinkle of mischievousness in the eye,)

where research touches lives.
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