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Intraday Trading is gambling

devicemxl
Jul 29 2016 at 07:24
1帖子
prakash104 posted:
Tombuontien posted:
Well ,
Life is gamble...


Yes friend, whatever you said is true.But being a swing trader, I am trading slowly and I have linked my real live account with myfxbook. Also, now I am in a profit of 20% account growth.I am not doing intraday trading.Can you show me your trading results in myfxbook with intraday trading approach.??????


Sure, i think its about forecast (The big pic), timing ( like ocean waves ), money management and emotions (the 'market', and the hardest: the own)...

HolyGrail (coding101)
Aug 02 2016 at 06:49
10帖子
It is not gambling, being in a trade for hours is perfectly fine if you are very good at reading what price is doing. Being in a trade for seconds or a few minutes makes sense only if you have an algorithm and have huge funds so that you able to tell keep spreads very very low.

Losing is the only way to learn.
mlawson71
Aug 07 2016 at 09:50
1487帖子
I agree. No trading is gambling if one has the tested strategy for it. 'Tested strategy' being the operative phrase here.

prakash (prakash104)
Aug 08 2016 at 05:23
21帖子
Not only tested strategy is enough.If you fail to follow your trading plan with discipline, then you are gambling in the markets.

"Slow and steady wins the race"
vontogr (togr)
Aug 08 2016 at 08:35
4862帖子
Hi guys,

first you need trading plan. It does not matter what timeframe and what trade duration you trade.

It does matter if you are satisfied with your plan. With the trades opening, closing, your risk, profitability.

It could be easier to execute your plan via EA, especially when scalping.

I believe not many people here have will strong enough to stick to these very basic.

BR

Tomas

mlawson71
Aug 08 2016 at 13:46
1487帖子
togr posted:
Hi guys,

first you need trading plan. It does not matter what timeframe and what trade duration you trade.

It does matter if you are satisfied with your plan. With the trades opening, closing, your risk, profitability.

It could be easier to execute your plan via EA, especially when scalping.

I believe not many people here have will strong enough to stick to these very basic.

BR

Tomas


True, sticking to one's trading plan regardless of the circumstances is a difficult task that requires a lot of discipline and emotional fortitude.

FusionPRO
Aug 10 2016 at 11:44
52帖子
This is all relative to opinion, in the end nothing matters but the numbers.

Magixs (Magiic)
Aug 10 2016 at 11:51
435帖子
FusionPRO posted:
This is all relative to opinion, in the end nothing matters but the numbers.


And that's the debatable part, the numbers! Your stats are awesome, low DD and good gain.

The more the numbers increase, then it can be a matter of 1 or 2 trade sequences that will blow it, that's what newbies don't see. Understand the numbers people.

FusionPRO
Aug 10 2016 at 12:14
52帖子
Magiic posted:
And that's the debatable part, the numbers! Your stats are awesome, low DD and good gain.

The more the numbers increase, then it can be a matter of 1 or 2 trade sequences that will blow it, that's what newbies don't see. Understand the numbers people.


Thanks for your kind words.

That is true the main problem I tend to come across with traders on here is they are trying to generate excessive high returns but in doing so this generally creates more risk as you'd imagine and then the majority struggle to last longer than six months. Not always the case but for the most part I feel it is accurate.

mlawson71
Aug 17 2016 at 08:50
1487帖子
Traders really need to learn early on that Forex is more of a marathon than a sprint. If you try to sprint you'll just fall on your face more often than not.

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