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Intraday Trading is gambling

SaltyWaters
Oct 11 2016 at 03:34
247 комментариев
Checkmate bro!

And the key to win, as Justin Bennet put it 'The key is finding the right Confluence Factors that stack the odds in your favor.'

- Now you know the secret to succeed in Forex.


montreal
Oct 11 2016 at 11:13
12 комментариев
Day trading is the system when you take a position during the day and close it before the end of that trading session. Therefore, making profit in this buying & selling system. It doesn’t concern that whether market will rise or fall but the fundamental news that affect the movement of the instrument. You only need to find is the strength & weakness of the instrument.

prakash104 (prakash104)
Oct 13 2016 at 06:28
21 комментариев
HolyGrail2222 posted:
Tombuontien posted:
Well ,
Life is gamble .To be born as human is gamble already because You would not know if your life would be better than your dog life or your life can be suck .
Marry your wife is gamble too , you dont know if she would be good wife or she will drive you crazy .
You go to sleep at night is gamble because you dont know you can get up the next morning or you can sleep for good .
Everytime you drive your car on street is gamble ,eating is gamble , drinking is gamble ......
So what the heck wrong with gamble ????
15 minutes or 1 month , 1 year the risk is the same if you dont know what you are doing and dont have money management .
Good luck .


This is the best comment I have ever read, Very good, Life is chance, we are risking all the time without knowing if it will be ok or not, But we have to go on with out¡r lifes, There is nothing wrong in Gambling or risking. All or nothing. To live life at is fullest, I think people trying to safe trade are control freaks. There is no fun without a bit of risk in life.
Yes, we need to take risk in our life, but not at the cost of losing everything you have.You must take only calculated risks in forex trading.

prakash104 (prakash104)
Oct 13 2016 at 06:29
21 комментариев
montreal posted:
Day trading is the system when you take a position during the day and close it before the end of that trading session. Therefore, making profit in this buying & selling system. It doesn’t concern that whether market will rise or fall but the fundamental news that affect the movement of the instrument. You only need to find is the strength & weakness of the instrument.


I am not against intraday trading.What I am saying is many traders doing intraday are watching their systems all day end up losing their money and health.If any one spend only less hours in a day to trade is great.But many people they are doing the opposite.Especially,it turns out to be addiction towards watching forex charts all day and finally blowing their account.That's why, my advice is follow 'set and forget trading method' even in intraday.

JayTeeFX
Oct 13 2016 at 07:40
18 комментариев
togr posted:

Of course you need to make profit AND trade with acceptable risk.
Trading without profit (as 90% guys here) just for fun or being addict makes no sense of course!


Apparently it's closer to 95%.

montreal
Oct 18 2016 at 14:48
12 комментариев
prakash104 posted:
montreal posted:
Day trading is the system when you take a position during the day and close it before the end of that trading session. Therefore, making profit in this buying & selling system. It doesn’t concern that whether market will rise or fall but the fundamental news that affect the movement of the instrument. You only need to find is the strength & weakness of the instrument.


I am not against intraday trading.What I am saying is many traders doing intraday are watching their systems all day end up losing their money and health.If any one spend only less hours in a day to trade is great.But many people they are doing the opposite.Especially,it turns out to be addiction towards watching forex charts all day and finally blowing their account.That's why, my advice is follow 'set and forget trading method' even in intraday.


yes you are right on your part, people do keep watching their trades all day long but it all depends upon how one takes or handles the situation. its like a business so one need to do proper time mgt and also take due care of their health.

FxMasterGuru (FxMasterGuru)
Oct 18 2016 at 20:04
1607 комментариев
I guess this intraday strategy is probably not gambling:

https://www.myfxbook.com/members/FxMasterGuru/robosniper-1x-risk-standard/1770937

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
c3po
Oct 20 2016 at 14:51
51 комментариев
you are gambling when you wake up in the morning and decide to try to get out of bed. You dontr have to get outr fo bed, and if you do you may pull your back and be down for 4 months or you may slip and hit yoru head and die.

Then your day is a long long series of calculated risks.

life is a gamble. you cant win if you don't play.

c3po
Oct 21 2016 at 13:01
51 комментариев
FxMasterGuru posted:
I guess this intraday strategy is probably not gambling:

https://www.myfxbook.com/members/FxMasterGuru/robosniper-1x-risk-standard/1770937


are you gambling that the broker doesn't disappear with your money?

FxMasterGuru (FxMasterGuru)
Oct 21 2016 at 13:15
1607 комментариев
c3po posted:
FxMasterGuru posted:
I guess this intraday strategy is probably not gambling:

https://www.myfxbook.com/members/FxMasterGuru/robosniper-1x-risk-standard/1770937


are you gambling that the broker doesn't disappear with your money?


@c3po

Yes, you are right about that.

One broker - Capital Trust Markets - has already disappeared with my and other traders' funds altoghether with a total of $500k+). By the way, the owner has been recently charged by the Canadian authorities and he will stand trial in Toronto just in 5 days from now.

Anyway, currently I am exploring a transition to a London-based and FCA insured (up to 50k GBP) broker for the same exact reason. Should I ever reach 50k GBP on that account, I will look for another FCA insured broker.

Of course, it is also a gamble if FCA would pay out in case an 'insured' broker disappers with my funds, but there is a good chance that it will, as it did after the bankruptcy of a few brokers (e.g. Alpari UK) in connection with the CHF related chaos last year.

P.S. Also, you made a good point about Gambling = Calculated Risk. I have to agree with that.

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
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