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Intraday Trading is gambling
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taylor3000

Member Since Sep 14, 2015  1 posts taylor3000 Aug 18 2016 at 06:00
Truly a marathon..

Elena_Chopin

Member Since May 28, 2016  211 posts Elena (Elena_Chopin) Aug 19 2016 at 08:38
I think stay too much time on market is gambling. Cause of news. You can't predict in long term the market. You can't guess good or bad news.
Less you stay on the market more you can predict price.
It's my opinion of course ;)

Elena Chopin

togr

Member Since Feb 22, 2011  3808 posts vontogr (togr) Aug 21 2016 at 06:20
Elena_Chopin posted:
I think stay too much time on market is gambling. Cause of news. You can't predict in long term the market. You can't guess good or bad news.
Less you stay on the market more you can predict price.
It's my opinion of course ;)

Elena Chopin


yes exactly!

I like what I trade, I trade what I like
togr

Member Since Feb 22, 2011  3808 posts vontogr (togr) Aug 21 2016 at 06:21
Elena_Chopin posted:
I think stay too much time on market is gambling. Cause of news. You can't predict in long term the market. You can't guess good or bad news.
Less you stay on the market more you can predict price.
It's my opinion of course ;)

Elena Chopin


BTW were you user altescgroupinc here on MFB?

I like what I trade, I trade what I like
yique

Member Since Nov 16, 2012  4 posts jamie richardson (yique) Aug 21 2016 at 07:02
i agree the news all ways dictates how the market moves. I think it's better to trade after major news or open trades before major news & get out of the trade. You can trade after a major news release & be sure where the market is going !

mlawson71

Member Since Dec 11, 2015  1486 posts mlawson71 Aug 21 2016 at 09:33
yique posted:
i agree the news all ways dictates how the market moves. I think it's better to trade after major news or open trades before major news & get out of the trade. You can trade after a major news release & be sure where the market is going !


Not necessarily. Sometimes all the market does is form a whipsaw and return where it was before the news.

Elena_Chopin

Member Since May 28, 2016  211 posts Elena (Elena_Chopin) Aug 21 2016 at 11:16
togr posted:
Elena_Chopin posted:
I think stay too much time on market is gambling. Cause of news. You can't predict in long term the market. You can't guess good or bad news.
Less you stay on the market more you can predict price.
It's my opinion of course ;)

Elena Chopin


BTW were you user altescgroupinc here on MFB?


????

Elena Chopin

FxMasterGuru

Member Since May 04, 2012  1597 posts FxMasterGuru (FxMasterGuru) Aug 21 2016 at 11:43 (edited Aug 21 2016 at 12:01 )
Intraday trading is 'gambling' only for those who don't know how to do it right.

It is as much 'gambling' as playing poker is 'gambling' for professional poker players...

BTW, I concur with previous statements of HolyGrail, Tomas (vontogr) and Elena.

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
yique

Member Since Nov 16, 2012  4 posts jamie richardson (yique) Aug 21 2016 at 14:03
mlawson71 posted:
yique posted:
i agree the news all ways dictates how the market moves. I think it's better to trade after major news or open trades before major news & get out of the trade. You can trade after a major news release & be sure where the market is going !


Not necessarily. Sometimes all the market does is form a whipsaw and return where it was before the news.


Yes, thats a ''knee jerk'' reaction to the news relkease & can be traded by ''fading the spike''. But something like an interest rate decision or NFP & you'll know where that market is going !

yique

Member Since Nov 16, 2012  4 posts jamie richardson (yique) Aug 21 2016 at 14:03
FxMasterGuru posted:
Intraday trading is 'gambling' only for those who don't know how to do it right.

It is as much 'gambling' as playing poker is 'gambling' for professional poker players...

BTW, I concur with previous statements of HolyGrail, Tomas (vontogr) and Elena.


I have won 298 trades out of 300. If you can win that many roullete of poker games in a row then yes fx trading is gambling !

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