Is forex gambling?

yea your mum...

Risk Aversion, Risk Mitigation, and Risk Management send people in very different paths.

The interesting thing to my mind is that Risk Aversion and Mitigation techniques are a part of my Risk Management Strategy where I accept and even seek out high risk as part of what I consider a balanced portfolio.

My style started like so many others on the stock market in the glory days of the 80s where I would roll what you call in the US penny dreadfulls into blue chips. The method was to make multiple small high risk trades on cent shares on second board floats. The majority of those would bomb but when one fired off it was spectacular. I would then cash out and roll that money into Blue Chip stock. Any earnings from Divs from Blue Chips would then be put into cent shares and so the cycle would continue.

Forex gives me a plentiful supply of high leveraged high risk opportunity for seed accounts with my favourites being systems, strategies and EAs that are spike traders and Scalpers. Same story. Initial funding low with risk set very high. The majority bomb out but when they fire off it's a thing of great beauty.

Every tool has it's purpose and fits that purpose best. What I think I am seeing here is a Safe Haven Blue Chip equivalent to move windfall funds to while still remaining in the Forex Market. Hammers don't cut very well and saws don't drive nails. But you really need both to build a good house!!

Mate Just gone into a downloading frenzy of your trials, manuals and book!! 😇

BTW Thanks Bob for moving this conversation to your thread at

https://www.myfxbook.com/community/trading-systems/rise-audcad/558239,1

so the people who want to discuss the original topic can do so and trolls like forexdickmuncher can't be wankers!!

For the rest of you, My apologies if we lowered the standard while giving the child a smack!!

Dick head consider yourself spanked and nothing you say can change the fact that you are a spineless insignificant unintelligent retard who just had his ass handed to him on a plate by an old man!!!

Suck it up Princess..... Bet it smarts!!

You're probably going to respond with some unintelligent comment about my Mother or what a Low Life I am but you're only digging yourself in deeper. Dance Princess Dance!! :)

You are my bitch forever and I'm out!!

You were out low life as soon as you fell out of your mums back hole loser. Now take yourselves out of here you wankstains and give the world some peace from your low life crap.

Guys, this thread gets a bit offtopic ;)

lol I love it when I piss the losers off and they cry like babies and seek their mummies the dummies lol
They never were on topic when the freaks started nagging about their scam system.
Entertaining ... it's better than going to the zoo to see monkeys because it's free

I can just feel the love here..

We had been discussing the forex as a high risk environment (gambling) but we also discussed how it is also the safest environment for those that want safety. The only problem is risk and profits go hand in hand. It appears that the best way to optimize our portfolio is to have some accounts that use high risk/high reward strategies but to also have others that are low risk.
 
There were the beginnings of a discussion on ways to move trading the forex toward the safer end but unfortunately, we picked up a young troll and have made several attempts to help him ut to little avail, he apears to be of the type that will have to learn the hard way. But for our discussion, we have moved to a thread that we can maintain some civility with.

We are here, https://www.myfxbook.com/community/trading-systems/rise-audcad/558239,1

You are welcome.

If a trader is a noob and utilizes high leverage like 1:100 or more, he surely is gambling from any angle you see.
 

A little correction here, In the trading aspect of the forex market the leverage is always 100,000:1 One lot is 100,000 units. We only trade in lots or partial lots but the leverage for these trades are always 100,000 to one. (Note; mini accounts, like available at IBFX, are 10,000 units per lot)

The leverage that you hear people talking about here is the marginal reserve leverage. In the US the maximum leverage is 50:1 lets see how this help any trader. 100,000 units at 50:1 = 100,000/50 = 2000 This means for every lot traded you will need to leave 2000 units (dollars, euros ?) in your account that you can not use to protect open trades with. That 2000 units is only to protect the broker if your account blows up. For a .1 lot trade you would have to leave $200 units and for a .01 lot trade you would be required to leave 20 units, example $20.

Now for a leverage of 200:1 you have 100,000 units per lot / 200 = 500 units left for the margin for each lot traded. 50 units for each .01 lots and $5 for each .01 lots traded. The difference in the leverage in the forex market is backward to what you may have thought. The higher the leverage, the less money required to leave behind in the account to protect the broker/banks, the more you have to use for you, to either protect your open trades or to actually trade with. Less is more. If you can get 500:1, you are better off not more risky.

We can teach you more of this important kind of information but you will need to join us at the link above. We're happy to answer your questions and maybe you can help us with ours.

Bob

I can really feel the pain of fx trading in the US. So hard to get around that 50:1 leverage.

What's so bad about 50:1 leverage?
It is huge. Can destroy account in no time.

uote]lastpiponearth posted:
I can really feel the pain of fx trading in the US. So hard to get around that 50:1 leverage.

No, the US government is a working Americans worst nightmare, but like any obstacle, it can be over come with patience. And an off shore IBC.😄

Bob

It's on a case to case basis. There are traders who are successful trading with higher leverage and there are traders who are successful trading with lower leverage. Besides that low leverage, many retail brokers were forced to move overseas and shun US based retail traders because of the leverage restriction.

It lessens the available brokers at the same time lessens the competition of brokers. Overseas traders are able to take advantage of the stiff competition among brokers while US traders can't.

Chikot posted:
What's so bad about 50:1 leverage?
It is huge. Can destroy account in no time.

uote]lastpiponearth posted:
I can really feel the pain of fx trading in the US. So hard to get around that 50:1 leverage.

Lastpip. are you using a US broker or off shore?

Bob

off shore. There's more brokers to choose from and it's easy to transfer if one finds out this broker is not playing fair... with US brokers the choice is severely limited. Those facts besides the low leverage and the hedging restriction.

You are residing outside the US then? Or are you US and know a trick that I need to learn?

Bob

ForexAssistant posted:
You are residing outside the US then? Or are you US and know a trick that I need to learn?

Bob

Outside the US. Hmm... based on what you said earlier maybe you can open shell corporations domiciled outside US borders for your account.

https://www.offshorebvi.com/bvi-shelf-companies.php/?c=s

https://www.myfxbook.com/members/Master_Kiwa/scalping-kiwas-way/804483

Master_Kiwa, without showing the size of each trade and the profit/loss, there isn't much that anyone can do to analyze your system or offer suggestions. In short, limited information is meaningless to us and therefore worthless to you.

Lastpip, yes, I had one in Belize but I think if it is important to get my financial assets off shore to safety, it make even more sense to get me and my wife off shore to safety first. So move over, your getting company.

Bob