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Posts by
mennopet
Trader or Gambler?
in
New Traders
Oct 26, 2015 at 14:50
keep in mind that the market have massive potential, but is at the same time one of the most dangerous things you can be in.Therefor its really really important to know and plan what you do before you go in. Not only the entry of a trade, but also the way you want to manage your money on al fronts. How much you gonna risk, when your gonna take profit, calculate every thing you do and set goals when you gonna take profits out of your account.
Trader or Gambler?
in
New Traders
Oct 26, 2015 at 14:50
its not that 50% of the traders are successfull because the market provides a 50/50 change of success. This only means that you have 50% of succes at a single 1 to 1 trade, if you plan to let it run until you loose or win.But the problem is that you can decrease your own probability even more that you can increase it.Let me explain it with a casino example =pWhen you gonna play roulette, and you gonna put your money on black or red, that you have nearly a 50/50 change of success on a single bet. Let's say you walk in with $10 and decide to put that on red, and if you win you walk out of th...
Trader or Gambler?
in
New Traders
Oct 26, 2015 at 11:52
Trading is always a form of gambling i think, thats not a negative thing. When you are gambling in a casino, you walk in with $100 and decide to put 10 times $10 on red, you know before you start that you have more change of loosing that winning. In this particular game, the casino has always an edge over you. They created a system for that game that makes you loose over the long run. You can still win over 10 bets, you can even win over 1000 bets when you have some luck on your side. So in this case, even the casino is gambling. There power is that if they keep playing for long enough against...
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