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Intraday Trading is gambling

CarlosMZ (CarlosMZ)
Oct 21 2016 at 13:20
55 комментариев
when you don't have knowledge and strategy trading can be gambling definitely 😄 i agree it is about taking the right amount of risk one need be ready to lose what invested!

CarlosMZ (CarlosMZ)
Oct 21 2016 at 13:20
55 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.


so you vote for a balance in everything if i understand you correctly. not to go crazy about one thing and that's all.

HolyGrail2222 (HolyGrail2222)
Oct 21 2016 at 13:22
20 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?


you are one of those Trump voters!!! hahaha
are you frustrated with the fact that we all need to take some moderate risk in life or are you serious?

FxMasterGuru (FxMasterGuru)
Oct 21 2016 at 15:53
1607 комментариев
@HolyGrail2222

I think @c3po was serious and he was right.

Brokers can and - sometimes - do disappear with their clients' funds...

So when we send our hard earned monies to poorly regulated brokers we do take a gamble.

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
HolyGrail2222 (HolyGrail2222)
Oct 23 2016 at 06:38
20 комментариев
FxMasterGuru posted:
@HolyGrail2222

I think @c3po was serious and he was right.

Brokers can and - sometimes - do disappear with their clients' funds...

So when we send our hard earned monies to poorly regulated brokers we do take a gamble.


I did not really want hurt anyones feelings.

Life is full of risk. But The probabilities are nearly 0% in most cases. Bad things can happen of course. When I mention life being gamble I mean only in certain areas. Waking up from bed is not risky. There is very small chance of it going wrong. SO we can live life happy and confident.
The whole thing here is seeing the concept Gamble as bad. I see it as taking chances in life. We cannot be sure of the outcome and we need to make our bet in very area in life, to fail or succeed. not to live or die. Humans have gambled for centuries. It is part of our Nature. I am not saying we should take full risk in every action. But if we stay quiet and not move at all we might avoid most dangers in life. But then what kind of life would we have a safe and stable one but very boring.


HolyGrail2222 (HolyGrail2222)
Oct 23 2016 at 06:38
20 комментариев
I am saying we take risks in order to achieve things we desire.
Not very different from Gambling. The differce is what are we betting, Our whole deposit, I am taking risks by saying these words becuase other people will think I am an idiot. BUt I do not care. I accept that risk. We not only risk money but nearly everything.

It is not the same to start a business and considering investing a lot of money to see then it fails. We never now the outcome of things before hand. But we learn from experience and failing and thta makes us have more chances to succed the next time we risk.

HolyGrail2222 (HolyGrail2222)
Oct 23 2016 at 06:38
20 комментариев
in this case intraday traing is gamble. yes any kind of trading is so. It depends on risk and probabilities in order to succd. the tf does not matter

JayTeeFX
Oct 24 2016 at 07:17
18 комментариев
FxMasterGuru posted:
@HolyGrail2222

I think @c3po was serious and he was right.

Brokers can and - sometimes - do disappear with their clients' funds...

So when we send our hard earned monies to poorly regulated brokers we do take a gamble.


This is why I only trade with Australian brokers.

FxMasterGuru (FxMasterGuru)
Oct 25 2016 at 01:06
1607 комментариев
JayTeeFX posted:
FxMasterGuru posted:
@HolyGrail2222

I think @c3po was serious and he was right.

Brokers can and - sometimes - do disappear with their clients' funds...

So when we send our hard earned monies to poorly regulated brokers we do take a gamble.


This is why I only trade with Australian brokers.


Yes, Aussie brokers are OK (mostly the well known ones), but FCA regulated brokers are even safer with FCA's up to 50,000 GBP insurance, which insurance kicks in if a br0ker goes bankrupt after using up its clients' deposits to avoid bankruptcy.

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
togr (togr)
Oct 25 2016 at 07:08
4862 комментариев
Just diversify
1. different currencies
2. different systems
3. different brokers

Thus you minimize impact of market crash, your system failure, broker scam.

I have like 50 real accounts. It takes a lot of time to manage (I am full time trader anyway) but as portfolio it is very safe.

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