There are many strategies and approaches to trading.
It's true.
The main thing is to allocate capital correctly in order to avoid the casino effect.
Still, it's a business.
Business loves the patience.
It's true.
The main thing is to allocate capital correctly in order to avoid the casino effect.
Still, it's a business.
Business loves the patience.
Exactly we better take care our business to make it successful and to have good future
L..M
I don't think that gambling is a way of trading. This is a very risky and illegal activity.
This is the freedom of our direction. Almost everyone can find something suitable. It's true. Especially if there is such a desire.
scalping and long term trading is good but i think gambling should not be considered in this. It is totally different thing.
Trading is not gambling in any sense. Traders work hard in developing skills and educating themselves, unlike gamblers who depend on luck. Skilled traders who have been in the market for a long time make decisions based on strategy and a right approach. They develop their own plan based on their prior experience. A good approach is essential when trading since without it, you will never be able to achieve good returns in forex.
There is no single way to succeed in the forex market. You are free to pave your own way in accordance with what you are comfortable with and what you wish to achieve. Customise your ways as per that and you will be great.
Well, in my opinion gambling is not a professional or viable approach for forex trading. Someone who trades like a gambler will remain a gambler and will never become a trader in real sense. People do use the term martingale strategy to justify their approach but that is not an actual strategy for me. A strategy should be purely based on market analysis whether it’s technical or fundamental.
Aug 19 2022 at 11:07
There are two ways of trading in forex: long term and short term. Long term trading involves holding a position for a prolonged period of time, often for several months or even years. Short term trading, on the other hand, involves taking a position for a shorter period of time, often just a few days or weeks.
You have to take the responsibility of your trading career. Don’t depend on anyone to help you with your trades. Instead, pave your own way to success.
Aug 30 2022 at 09:24
Some of the famous approaches to trading are:
1. Scalping
2. Day trading
3. Position trading
4. Swing trading
1. Scalping
2. Day trading
3. Position trading
4. Swing trading
Aug 31 2022 at 09:12
Dreamery posted:That’s so true. In the Forex market the only way to find one’s own direction and strategy is by learning and customizing the skill sets to achieve the trading goal.
There is no single way to succeed in the forex market. You are free to pave your own way in accordance with what you are comfortable with and what you wish to achieve. Customise your ways as per that and you will be great.
Sep 05 2022 at 09:18
In my opinion, gambling is just gambling even if you do that in the forex market. It cannot be considered trading from a professional perspective. Still, there are many people who either lack knowledge and end up gambling unintentionally or intentionally follow martingale strategies which are a form of gambling. Both are dangerous and can end up in huge losses. Risk management is the true essence of trading for me. So a trader must pay at most attention to managing the risk and minimising losses before anything else.
Sep 07 2022 at 12:12
hendrickscock posted:Totally agree!
In my opinion, gambling is just gambling even if you do that in the forex market. It cannot be considered trading from a professional perspective. Still, there are many people who either lack knowledge and end up gambling unintentionally or intentionally follow martingale strategies which are a form of gambling. Both are dangerous and can end up in huge losses. Risk management is the true essence of trading for me. So a trader must pay at most attention to managing the risk and minimising losses before anything else.
There are several approaches that one can take to trade forex. Trading forex requires that we take responsibility for whatever we do and experience as a result of our doing instead of blaming the market. Even the most successful approaches fail if we do not take responsibility while trading.
Every trader should follow their own trading style instead of blindly following others opinions.
Indeed, there is more than one way to turn a profit in the trading industry. But there is no question that trading is not the same as gambling.
Sep 19 2022 at 06:29
Gambling isn’t a strategy but rather a mistake. Those who try gambling in the forex market always lose. Gamblers don’t educate or practise like the real traders, they simply wait for their random luck. You may get lucky once or twice with the help of gambling but it can never make you a successful trader. There are strategies for both long-term and short-term traders. Try backtesting a few strategies in a demo account to find out which one suits you well.
Scalping means closing a trade within 10 to 20 pips. It is the easiest form of trading and traders rely on this type mostly in both good and bad conditions of the market.
