I don’t think that intraday trading and gambling are similar. The research and practice that goes into becoming an intraday trader, separates one from being just a gambler. The latter is basically involved in betting in situations. Day traders are much more professional and disciplined than people involved in gambling. Gambling gives you no career, but people today are making huge successful careers out of trading. So yes, I don’t consider both to be similar.
A pro gambler would completely disagree. A pro gambler will put just a much (if not more) research into any bet that they take. trading and gambling are very similar. Even pro traders at banks joke about that
Gambling and trading. Both can be diferent or the same, it depends on who is behind it. Gambling is when you do something without the proper knowledge and hoping to win. Trading or investing is when you do something with the proper knowledge that gives you an edge and in the long term, gives profits $$$$. If you trade without the proper knowledge, you're gambling and so you're hoping by chance to win. Trading with the proper knowledge, is investing and so you have the confidence in your trades and although you never win 100%, you have the edge to become profitable in the long term. This approach applies to every type of business or investment.
Trading with diverse trading strategies can facilitate some help towards the traders. But which trading strategy will be better for a trader actually reliant on how well a trader can make best use of trading skills. However yes, before a trader can initiate trading strategy he should not fall in any sort of gambling offer. I favor to use a trading strategy when I can make the greatest use of it with the proper exploitation of that trading strategy.
You have sense. Market movement is not about Technical nor Fundamental.. Its about what the MM wants, where is the money. Thats why they keep selling for the next 100 pips even when 90% of traders are buying. Trade in the shadow of the main movement and not your prediction i.e. Trade what you see and not what you predicting
togr posted: Trading is about forecast future.
Trading is not about forecasting. It is about waiting for a good move and enter it, hoping it will continue. MM is doing the rest. It is impossible to forecast price moves, they can go up, down or ranging at anytime, and just because a trend appears, it can reverse the opposite because most of the traders entered at this point. If price goes up, everyone buys so price goes down, etc. No way to predict anything. It is like two people crossing each other without knowing if they cross by the right or by the left. Just knowing how strong is the move is a way to be right with more than 50% probalility. This is not foecast at all, this is watching what just happened.
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