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Intraday Trading is gambling

Capitalinvestfx
Nov 22 2017 at 07:33
64 messages
savantfx posted:
Intraday trading is certainly not gambling. I made 400% in just two days


ad now nothing left,private mode,hiding some bad news maybe

GretarR
Dec 08 2017 at 11:24
5 messages
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
Dec 09 2017 at 15:43
1487 messages
GretarR 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 !

I concur. Avoid trading the actual news release, unless you know exactly what you are doing.

Justice1024
Dec 11 2017 at 08:32
210 messages
Intraday trading is not gambling, it's a strategy.

BaldoN (BaldoN)
Dec 13 2017 at 14:42
522 messages
For some traders are gambling, for other a source of income.
Bottom line: Everyone have its own true :)

Toothed
Dec 14 2017 at 08:12
10 messages
Unless your strategy sucks and then it is 50:50 gambling

Adelgrepling (Adelgrepling)
Dec 14 2017 at 08:30
13 messages
Serenity271 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.


It's the other way around. Look at forecasts from major banks. The don't have a forecast for the next 15 minutes or the next day. For them it's about what will happen in the next few months or years.




I agree with this, in this way we can observe with a vision more aplia than what has happened, for the power to predict sometime what will happen.

togr (togr)
Dec 14 2017 at 08:54
4862 messages
Adelgrepling posted:
Serenity271 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.


It's the other way around. Look at forecasts from major banks. The don't have a forecast for the next 15 minutes or the next day. For them it's about what will happen in the next few months or years.




I agree with this, in this way we can observe with a vision more aplia than what has happened, for the power to predict sometime what will happen.


All of these large banks predict for example EURUSD will go to parity until end of the year.
Forecasting future of currency is like forecasting the weather - the longer time period in advance the more foggy results.
It is much easier to predict where will the currency be in next hour then next month.
Especially with big events like
09:30 EUR German Manufacturing PMI (Dec) 63.3 62.2 62.5
13:45 EUR Deposit Facility Rate -0.40% -0.40%
13:45 EUR ECB Interest Rate Decision (Dec) 0.00% 0.00%
14:30 USD Core Retail Sales (MoM) (Nov) 0.7% 0.1%
14:30 USD Retail Sales (MoM) (Nov) 0.3% 0.2%
14:30 EUR ECB Press Conference

managedrisk
Dec 14 2017 at 15:58
2 messages
Adelgrepling posted:
Serenity271 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.


It's the other way around. Look at forecasts from major banks. The don't have a forecast for the next 15 minutes or the next day. For them it's about what will happen in the next few months or years.


I agree with this, in this way we can observe with a vision more aplia than what has happened, for the power to predict sometime what will happen.


I don't agree with this, analyst forecast. Traders trade the facts which is what we see on charts, instantaneous price movements.

managedrisk
Dec 15 2017 at 11:38
2 messages
fundamental feed into expectations and sentiment. expectations and sentiment change every day driven by data.

if you don't day trade you will see your profit melt away like ice-cream.

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