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Intraday Trading is gambling
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devicemxl

Member Since Nov 10, 2014  1 posts devicemxl Jul 29 2016 at 07:24
prakash104 posted:
Tombuontien posted:
Well ,
Life is gamble...


Yes friend, whatever you said is true.But being a swing trader, I am trading slowly and I have linked my real live account with myfxbook. Also, now I am in a profit of 20% account growth.I am not doing intraday trading.Can you show me your trading results in myfxbook with intraday trading approach.??????


Sure, i think its about forecast (The big pic), timing ( like ocean waves ), money management and emotions (the 'market', and the hardest: the own)...

device
coding101

Member Since Aug 01, 2016  10 posts HolyGrail (coding101) Aug 02 2016 at 06:49
It is not gambling, being in a trade for hours is perfectly fine if you are very good at reading what price is doing. Being in a trade for seconds or a few minutes makes sense only if you have an algorithm and have huge funds so that you able to tell keep spreads very very low.

Losing is the only way to learn.
mlawson71

Member Since Dec 11, 2015  1480 posts mlawson71 Aug 07 2016 at 09:50
I agree. No trading is gambling if one has the tested strategy for it. 'Tested strategy' being the operative phrase here.

prakash104

Member Since Feb 07, 2016  18 posts prakash (prakash104) Aug 08 2016 at 05:23
Not only tested strategy is enough.If you fail to follow your trading plan with discipline, then you are gambling in the markets.

"Slow and steady wins the race"
togr

Member Since Feb 22, 2011  3596 posts vontogr (togr) Aug 08 2016 at 08:35
Hi guys,

first you need trading plan. It does not matter what timeframe and what trade duration you trade.

It does matter if you are satisfied with your plan. With the trades opening, closing, your risk, profitability.

It could be easier to execute your plan via EA, especially when scalping.

I believe not many people here have will strong enough to stick to these very basic.

BR

Tomas

I like what I trade, I trade what I like
mlawson71

Member Since Dec 11, 2015  1480 posts mlawson71 Aug 08 2016 at 13:46
togr posted:
Hi guys,

first you need trading plan. It does not matter what timeframe and what trade duration you trade.

It does matter if you are satisfied with your plan. With the trades opening, closing, your risk, profitability.

It could be easier to execute your plan via EA, especially when scalping.

I believe not many people here have will strong enough to stick to these very basic.

BR

Tomas


True, sticking to one's trading plan regardless of the circumstances is a difficult task that requires a lot of discipline and emotional fortitude.

FusionPRO

Member Since Jul 15, 2015  52 posts FusionPRO Aug 10 2016 at 11:44
This is all relative to opinion, in the end nothing matters but the numbers.

Magiic

Member Since Jul 08, 2014  435 posts Magixs (Magiic) Aug 10 2016 at 11:51
FusionPRO posted:
This is all relative to opinion, in the end nothing matters but the numbers.


And that's the debatable part, the numbers! Your stats are awesome, low DD and good gain.

The more the numbers increase, then it can be a matter of 1 or 2 trade sequences that will blow it, that's what newbies don't see. Understand the numbers people.

Keep at it
FusionPRO

Member Since Jul 15, 2015  52 posts FusionPRO Aug 10 2016 at 12:14
Magiic posted:
And that's the debatable part, the numbers! Your stats are awesome, low DD and good gain.

The more the numbers increase, then it can be a matter of 1 or 2 trade sequences that will blow it, that's what newbies don't see. Understand the numbers people.


Thanks for your kind words.

That is true the main problem I tend to come across with traders on here is they are trying to generate excessive high returns but in doing so this generally creates more risk as you'd imagine and then the majority struggle to last longer than six months. Not always the case but for the most part I feel it is accurate.

mlawson71

Member Since Dec 11, 2015  1480 posts mlawson71 Aug 17 2016 at 08:50
Traders really need to learn early on that Forex is more of a marathon than a sprint. If you try to sprint you'll just fall on your face more often than not.

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