I don't really agree, because gambling is all about making rough predictions but on the other hand ,intraday trading is all about making right predictions on the basis of right knowledge and logics behind it.
Day trading is not gambling unless you trade like a gambler. You don’t need to watch charts all day for day trading. You can just trade during the volatile hours and limit your number of trades. Do not over trade and stop when you start losing in a row.
Sorry but I don’t agree with your statement. Everyone has a right to share their opinion but you should not come to a conclusion like this just because day trading is not an ideal thing for you. I think professional day traders are exceptionally skilled and know the market more than anyone else.
tyson_learner posted: I don't really agree, because gambling is all about making rough predictions but on the other hand ,intraday trading is all about making right predictions on the basis of right knowledge and logics behind it.
Exactly! The more experience you gain as a trader the easier the tasks are.
My goal is to emotionally intelligent while being intellectually intelligent while trading these markets and inspire others anything is possible.
I don’t think so. Day trading is hard to master but it is definitely not gambling. Analysing the market for a shorter time frame is a skill that has to be developed over time. Intraday traders make profit using this skill. And it is disrespectful to call it gambling.
The US dollar index (Dxy) sank in the range of 109.50 in the early trading of the Asian session Wednesday (9/November), after dropping dramatically in the previous three days of trading. Various factors suppress greenback at this time. Starting from the re -calculation of the Fed interest rates after the increase in US unemployment rates, to market concerns about the results of the midterm elections and the release of US inflation data in the near future. The United States held an interrupted election starting on November 8 yesterday. This interim election will determine whether the Republican or Democratic Party will control the US Congress. A total of 435 house of representatives and 35 senate seats were struggled. The results of the previous survey and the results of this temporary calculation show that the Republic has the potential to win the Senate as well as the House of Representatives. In fact, the victory of the Republican camp will increasingly complicate the launch of US Presidential Presidential Policy Program Joe Biden. Reflecting on the chaotic previous US budget plan, Biden needs the support of the Democratic Party to launch an abundant fiscal stimulus. If the republic wins, the fiscal stimulus scale is likely to be much smaller. On the other hand, minimal fiscal stimulus will allow the Fed to slow down the rate of increase in interest rates faster. Thus, the Domination of the Republic of the US Congress can have a negative impact on the US dollar and is positive for the Wall Street stock exchange. Conversely, the victory of the Democratic camp can be a positive catalyst for the US dollar. Unfortunately, observers assess the prospects of Democratic victory are very small. Speculation about US inflation data is also a market spotlight. Consensus estimates that the data to be released on Thursday will show a slowdown from 8.2 percent to 8.0 percent (year-on-year), thus supporting the estimated increase in the Fed interest rate of 50 basis points only in December. The US dollar is likely to be further depressed if inflation is lower, but can also turn up if inflation turns out to be up again.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.