Can you say forex is gambling? - page 6

[[Deleted]]

Angelito Cartagena:
As for me, anything you do in life that does not guarantee 100% of the expected results can be consider gambling, putting a business can be consider gambling because you are not sure if it will click or not, stocks investment, choosing who to marry can be also a gamble(lol), choosing what company to work for, investing on something, etc. Forex trading is the same, just make sure that you never trade money that you cant afford to lose and make sure to learn all the necessary knowledge and safety precautions of the market to avoid those pitfalls, its a very tough profession to master.

I agree with Angelito. What he told here is by the book and is 100% true. Nothing else to add.

[Anak Agung]

Angelito Cartagena:
As for me, anything you do in life that does not guarantee 100% of the expected results can be consider gambling, putting a business can be consider gambling because you are not sure if it will click or not, stocks investment, choosing who to marry can be also a gamble(lol), choosing what company to work for, investing on something, etc. Forex trading is the same, just make sure that you never trade money that you cant afford to lose and make sure to learn all the necessary knowledge and safety precautions of the market to avoid those pitfalls, its a very tough profession to master.

I agree completely with this answer, everything which required investment is considered gambling thats why some people called it bet. Like bank invest in bitcoin right now they called investment but we can conclude it to be betting, they are betting that bitcoin will go up in long term but who knows about the future. Thats why you need to calculate the strategy to reduce risk in every investment.

[Seb King]

Many things in life are gambles as per above. But with forex there are levels. If you go into the markets with no education or practice is less a gamble and more just setting fire to your money.

[Sergey Golubev]

Coin Toss Trading

The forum

1. The Coin Toss Method - forum thread with method described
   
2. Forex Casino EA - forum thread with the EAs (please note that Eas should be improved/fixed for new builds of MT4).
   
3. Taking Neural Networks to the next level - discussion thread
   
4. Some new ideas for your next trading system - the thread with ideas
5. more here

The articles

1. Statistical Distributions in MQL5 - taking the best of R and making it faster - Metatrader 5
2. Random Walk and the Trend Indicator- Metatrader 5
3. Random Decision Forest in Reinforcement learning - Metatrader 5
4. The Random Sandbox - Metatrader 5
5. more here

CodeBase

1. Coin Toss Trading - script for MetaTrader 5
2. Random N positions - expert for MetaTrader 5 
   
3. Coin Flip - expert for MetaTrader 5
4. Coin Flipping EA - expert for MetaTrader 4
5. Coin Flip - expert for MetaTrader 4 
6. A Really Random Robot - expert for MetaTrader 5
7. Random - expert for MetaTrader 4
8. more here

============

[Sergey Golubev]

Forex Casino EA - forum thread with the EAs (please note that Eas should be improved/fixed for new builds of MT4).

This EA is based on some winning system which some people are using to win in casino. It does not work for casino but it may work in forex.
It is very interesting EAs with Casino Games Strategies (Roulette for example) as it is not used any technical analysis and the main feature is Money Management for the Roulette.

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Forex Casino

Sergey Golubev, 2019.07.21 09:43

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.

[momo3HC]

If you don`t know what are you doing in forex then it`s pure gambling. In all other cases it`s not at all.

[steveday76]

It is gambling if you do not educate yourself. Once you practice on demo and test your strategies on there, it shouldn't then be classed as gambling.

[AliForexTalks]

Only when you do not have enough knowledge to trade in this market

[Gyunay Sali]

Forex trading is like normal trading with physical products. In both cases you buy and sell. The important thing is at what price you buy and at what price you sell. In both cases you need to have some knowledge of the products / instruments / currencies you buy and sell. If you have no knowledge, the chance of losing money is high. So I wouldn't say it's gambling.