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Master_Kiwa
May 09 2013 at 05:32
402 postów
bA1hAk1 posted:
Let's look at gambling on football. Suppose the whole world place bets on A club victory against bookies. But if the football game is complete, and it turns out that B club won the match, then the whole world will be lost.
In that case forex, apply the law of economics (supply and demand). If the demand for currency EUR increases, the price is definitely EUR will rise. However, if the supply of the currency EUR increased, it is definitely the price drops.
There is not the slightest similarity between forex and gambling.


 Supply and demand doesn't always apply. As price action trumps everything which we see. Not many people can actually read price action. Which is why so many of us fail! If the market was as simple as supply and demand, then everyone would be earning massive profits day in and day out.

Focus on pip-drawdown
Master_Kiwa
May 09 2013 at 05:33
402 postów
sniperfx posted:
Forex is not gambling. There is cycle and pattern which should to be done on every cycle. You can study about forex using trendlines like wd.gann research. here my simple based price action combined with trendline strategies that may you can learn from my performance. There is no secret on forex. https://www.myfxbook.com/members/sniperfx/only-tl/563711


 Forex is indeed gambling. As the definition of gambling is to take a wager on anything in which you aren't certain of the outcome. In return of financial gain. As someone else mentioned prior. If we take calculated risk. We then better the odds of closing our position for profit. There is a science behind currency trading. It is rather difficult to control our emotional impulse.

Focus on pip-drawdown
Bisho777
May 09 2013 at 08:51
192 postów
lsn...

in my opinion what makes forex more like gambling is that the fact of.... its not an exact science....

anytime in our lives when we in a place to take a decision while its surrounded of uncertainty we will be exposed to gambling...

simple scenario :

assume u wanna buy a T-Shirt..... everyone will have his own aspects... cheap, looks nice, comfort or what ever!
u will have many choices.... but why u go for a certain choice.... simply coz u thought its the best,

will that make it really the best for u!!!

not always...

so guys, make it easy.... this is our life's nature!

Ironman
May 09 2013 at 09:05
70 postów
Master_Kiwa posted:

 Supply and demand doesn't always apply. As price action trumps everything which we see. Not many people can actually read price action. Which is why so many of us fail! If the market was as simple as supply and demand, then everyone would be earning massive profits day in and day out.


What do you think make price action work?
Supply and demand.

Example. If XXX/XXX drops to 1.30000, it is concidered cheap, and a lot of people will buy it. The demand to buy increases, and there aren't so many sellers around. The price goes up.

If XXX/XXX goes to 1.50000 it is concidered expensive, and people will sell it. Lots of people wants to sell, but there aren't many buyers around, thus the price drops.

And it is all in a days work with price action.

Bisho777
May 09 2013 at 09:10
192 postów
supply n demand means there r stuff to sell or buy....

no supply n demand nothing to sell or buy!

Ironman
May 09 2013 at 09:22
70 postów
Bisho777 posted:
supply n demand means there r stuff to sell or buy....

no supply n demand nothing to sell or buy!


And that's mostly a question about price...

Bisho777
May 09 2013 at 09:26
192 postów
yeah n thats another issue...

first existence of supply n demand means a trade will be in process...

price is more complicated story....

controlled by many factors such as : not only the level of supply n demand ... as a major factors....but there r uncountable factors... for example... fear n greed.... fair pricing....etc...

Ironman
May 09 2013 at 09:58
70 postów
Nah, it all comes down to supply and demand.

Greed and fear are both sorted in there... fair pricing? That's subjective...

Supply and demand are the only factors that matter, but there are a LOT of variables in each and we can never get a full view of it all...
It is that simple.

Master_Kiwa
May 10 2013 at 08:25
402 postów
Thank you Ironman for your response. Although supply and demand produces price action as you stated. One can read price action, and not supply and demand. Supply and demand has no trend. Price action actually does. Major part of supply and demand in stocks is using level 3's you can see the SUPPLY, in which you can accurately predict the demand it will take to knock out a price range. In currency we do not have that access. As there is no actual FLOAT in currency.
FYI - FLOAT is a stock term used to inform the public how many free shares are left on the market to buy.

 

Focus on pip-drawdown
Ali Zainal Abidin Bil Fagih (Cleeon)
May 10 2013 at 08:26
31 postów
Guys, I want to make You remember, no one in social knowledge/degree is a exact science, sure 'economic' include of them.

for example, one of economic law based said, when the price going cheaper, buy it>>>>just happened on citeris paribus.

when the currency on X country going cheaper and down, lots Peoples do not want to buy it when it on war and situation not stable.

although the price of potatoes in Y village going down, All Y village resident do not have obligation to must buy as much as potatoes, just cause lots of Y village resident become not interested again with potatoes taste.

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