Can you say forex is gambling? - page 3
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Gambling and trading share the uncertainty of the next bet's outcome.
Gambling is betting despite negative expectancy and with guaranteed long term loss.
Trading is betting with a positive expectancy and long term profitability by virtue of the law of large numbers.
So "trading" can be both: if we are gamblers or traders essentially depends on the existence or absence of a proven consistently positive expectancy of the trading rules in use.
I believe a majority of traders is gambling without being aware of it. Some are even profitable and confound short term profitability with long term positive expectancy - just like you can be profitable by winning the lottery.
"Trading" is not gambling per se, but it can be if the individual treats it this way.
Random N positions - expert for MetaTrader 5
Advisor opens positions randomly.
Thus, a position is opened only at the moment of birth of a new bar - then the timeframe acts as the minimum time between openings. Each subsequent discovery occurs only if there are positions in the market that are smaller than a specified number of Position Counter.
Take Profit , Stop Loss and Trailing Stop are applied to positions.
If you research the loosing traders data in Forex and then compare with gambling then you will find amazing facts, gambler winning chances almost 47% and casino 53% but in Forex over 90% peoples are loosing , the only difference is in gambling you loose in short time but in Forex you loose by passing of time and takes stress and pain in free everyday it's a fact not opinion.
To predict a currency directing is most difficult task compare to stock , so not only peoples loose they also waste much time like in years whatever experience you gain direction problem will remain same. You can read a lot words from peoples and traders like Be Patient, Calm, don't get emotional.... and after all these words traders does only Martin.
A simple way can work in Forex but not direction so a simple Mathematical calculation can support better.
It's funny when reading Warren Buffet quotes but he is doing Stock trading and like carry trade type but he also faced big losses in last 10 years.
Life is gambling, using the right tools can increase your chances of winning.
Life is gambling, using the right tools can increase your chances of winning.
... still it's called gambling as long as the chances of winning are below 50% (=as a result of winrate and avg. winner/loser size).
and it probably also deserves the gamble tag if the bet size is higher than a Monte Carlo simulation can survive.
What I don't understand is that many people actually think that the question wether it's gambling or not is up to their subjective perception.
It's not: either we have facts that prove a significant positive expectancy or we don't.
Cheers.
Forex trading is not gambling and I say this based on what I have experience as a Victim of gambling.
Though am more into binary options than forex trading, I still can say a lot about about forex trading. With gambling the odds are always not in you favour. For example in casinos they claim it is a 50/50 chance, i.e for every 100 games you play you will win 50 for sure ( silly statistics if you ask me).
But there are other factors in play, remember the casino and bookies programmed this systems, so you think they will program it at a 50/50 chance?, no way that is going to happen.
But with forex trading, nobody can really influence the directions of the market so basically or say naturally every trade you make (minus the spread) is a 50/50 chance trade.
What best described this 50/50 thing is the binary option market, the market can only be active in 2 direction Upward or downward, or remain in changed. With binary option you can place you trade in any of this direction that is what I call a 50/50, no spread no robot just pure 50/50 chances.
You could find out more about binary option here at
https://casinosnotongamstop.info/