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Intraday Trading is gambling

snapdragon1970 (snapdragon1970)
Dec 29 2017 at 22:02
1944 posts
If slippage/spread/re quotes is effecting your trading its time you where looking for another Broker,or re thinking your strategy.

"They mistook leverage with genius".
SwapTrader
Jan 03 2018 at 07:57
24 posts
togr posted:
prakash104 posted:
Major drawback in intraday trading is watching 5 or 15 minute or 30 minute charts all day.
This will make you sick and your eyes will be under severe pain.You will need a doctor because now you are addicted to intraday trading.


Well you need to see from another point of view.
Trading is about forecast future. You need to estimate if pair move up or down.
It is like weather forecast. They could do it for today or perhaps tomorrow. For a week or month? It does not work:)
So IMHO trying to forecast future for very close time has better success than for long term.


Try mixing fundamentals with technicals. Fundamentals to forecast direction, technicals to time entry and exit.

mlawson71
Jan 03 2018 at 15:38
1487 posts
That is the best approach. Even if you don't do detailed fundamental analysis, it's good to have at least some understanding of it so as not to be caught by surprise by market events.

RSTAR (RSTAR)
Jan 04 2018 at 08:04
1 posts
if you have a solid system you can trade 15m charts like i do. Most of off my transaction end in less than 1hr.

togr (togr)
Jan 04 2018 at 08:15
4862 posts
SwapTrader posted:
togr posted:
prakash104 posted:
Major drawback in intraday trading is watching 5 or 15 minute or 30 minute charts all day.
This will make you sick and your eyes will be under severe pain.You will need a doctor because now you are addicted to intraday trading.


Well you need to see from another point of view.
Trading is about forecast future. You need to estimate if pair move up or down.
It is like weather forecast. They could do it for today or perhaps tomorrow. For a week or month? It does not work:)
So IMHO trying to forecast future for very close time has better success than for long term.


Try mixing fundamentals with technicals. Fundamentals to forecast direction, technicals to time entry and exit.


How to achieve the right forecast is completely different story.
Not surprisingly it cannot be covered by Fundamentals to forecast direction, technicals to time entry and exit.


TribalBoc
Jan 04 2018 at 12:45
14 posts
Why not?? I thought that is what the big boys do?

Justice1024
Jan 08 2018 at 07:24
210 posts
TribalBoc posted:
Why not?? I thought that is what the big boys do?


LoL, I guess so!

willtradr
Jul 29 2019 at 11:02
25 posts
Trading and Gambling are similar,they both try to create capital gain over a short period of time without creating wealth. Trading and Gambling involves capital transfer without capital creation that is why they are viewed skeptically especially when their outcomes are unpredictable.

Minhthang2603 (Minhthang2603)
Jul 30 2019 at 03:17
20 posts
prakash104 posted:
Major drawback in intraday trading is watching 5 or 15 minute or 30 minute charts all day.
This will make you sick and your eyes will be under severe pain.You will need a doctor because now you are addicted to intraday trading.

Forex trading is gambling?
It is both right and wrong.
It is true because the definition of Forex trading is exactly the same as gambling.
It is wrong because the trader can increase 'trading advantage' over time to learn knowledge and learn from experience - this is very difficult to do with gambling.

Minhthang2603 (Minhthang2603)
Jul 30 2019 at 03:42
20 posts
togr posted:
TheSlyFox posted:
Crazy.... you are going to blow your account if you continue at that pace lol


He is used to blow accounts

I agree with you.
Day trading may not be gambling. But 400% in 2 days is definitely gambling.

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