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By gambling one can get
Member Since Dec 21, 2023
11 posts
Dec 22, 2023 at 16:28
Fidely posted:
I don't really understand the people who gamble on forex market. I mean that gamblers usually derive pleasure from the process itself but not from the result. I wonder, how it is possible to derive pleasure from sitting before the computer screen for several hours following the charts. Gamblers will definetely lose the money sooner or later. THey don't have neither practical knowledge, nor psychological control over the situation on the market.
Trading in the forex market isn't just about luck or gambling—it's a skill that requires analysis, strategy, and discipline. While it might seem like staring at charts, successful traders derive satisfaction from mastering this intricate puzzle and making informed decisions. Education, practice, and a thoughtful approach set them apart from gamblers. It's all about learning and adapting in a dynamic environment!
Jul 30, 2024 at 10:09
UweMoench posted:
By gambling one can get some winning trades here and there. Those few wins give them false hope. And they keep doing it until lose all the money. A trader should focus on learning. Otherwise one should not trade currency.
I know it's been a while, but I get where you're coming from with that thought on gambling. It can feel like a quick way to make cash; for some folks, it's more about the thrill than the money.
Member Since Jan 22, 2016
8 posts
Aug 13, 2024 at 13:26
Yep, those random wins can be super tempting, but without proper knowledge, it’s just a fast track to losing everything.
Member Since May 08, 2023
97 posts
Aug 14, 2024 at 23:12
UweMoench posted:
By gambling one can get some winning trades here and there. Those few wins give them false hope. And they keep doing it until lose all the money. A trader should focus on learning. Otherwise one should not trade currency.
Maybe, but a trader also needs to learn some things from gambling, such as having the courage to go with it and execute. They do it based on a hunch, we do it based on our take of the market. It is not always right but that does not mean we should not try.
Member Since Oct 14, 2024
2 posts
Oct 14, 2024 at 15:16
What does gambling has to do with the forex trading? If you want to gamble go to HFT market.
Oct 16, 2024 at 06:28
Gambling can lead to a few lucky wins, but that false hope often ends in big losses. Focus on learning and solid strategies instead. And remember, risk management is key, protect your capital!
In trading, knowledge is power; in practice, patience is key.
Oct 16, 2024 at 20:33
Fidely posted:
I don't really understand the people who gamble on forex market. I mean that gamblers usually derive pleasure from the process itself but not from the result. I wonder, how it is possible to derive pleasure from sitting before the computer screen for several hours following the charts. Gamblers will definetely lose the money sooner or later. THey don't have neither practical knowledge, nor psychological control over the situation on the market.
Well if you make big gains in a short period of time then it elicits great emotions which turns you into addict. That's why it is advised to use as low leverage as possible to not create emotional rollercoaster
Member Since Sep 07, 2020
70 posts
Oct 18, 2024 at 04:37
Oct 21, 2024 at 08:13
UweMoench posted:
By gambling one can get some winning trades here and there. Those few wins give them false hope. And they keep doing it until lose all the money. A trader should focus on learning. Otherwise one should not trade currency.
You're absolutely right! Gambling can lead to a few lucky wins, but it often creates a false sense of security. Many traders get caught up in that cycle and end up losing everything. It’s crucial for anyone interested in trading to prioritize learning and developing a solid strategy. Without a strong foundation, trading can be more like gambling, and it’s not worth the risk.
Stay consistent, keep it simple, and let discipline shape success
Oct 21, 2024 at 10:31
Gambling in forex is basically like throwing darts at a board and hoping for the best. Without a strategy, it’s just wild guesswork and luck—and we all know luck runs out fast. Trading needs a plan, not a gamble! Trust me, your wallet will thank you for playing smart, not playing risky!
Oct 24, 2024 at 11:16
UweMoench posted:
By gambling one can get some winning trades here and there. Those few wins give them false hope. And they keep doing it until lose all the money. A trader should focus on learning. Otherwise one should not trade currency.
While it’s true that gambling can lead to losses, disciplined trading with proper risk management and strategy is very different. A trader who studies the market, uses tools like stop-losses, and continuously learns can build a successful trading career. It's not just luck—it's about making informed decisions.
Member Since Oct 28, 2024
64 posts
Nov 02, 2024 at 16:05
Fidely posted:
I don't really understand the people who gamble on forex market. I mean that gamblers usually derive pleasure from the process itself but not from the result. I wonder, how it is possible to derive pleasure from sitting before the computer screen for several hours following the charts. Gamblers will definetely lose the money sooner or later. THey don't have neither practical knowledge, nor psychological control over the situation on the market.
I agree with your opinion
Forex is not a suitable and attractive place for gambling.
To enjoy this market, you need training and practice
When wealth is created, it is a pleasant moment, not a time of unreasonable and stupid risks
Be sure to backtest the strategies for success
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