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isn't that my answer?
and the topic, by the way, is another "teach me how to trade"... (... we've already talked about roulette and forex in other threads )
Of course there are technical differences... Roulette is a generalisation (exaggerated if you like, but the meaning is the same... that only the casino wins...let's call it a DC)
Isn't that my answer?
This has nothing to do with roulette at all. And this is a separate topic. There are normal DTs abroad that normally live on spreads and swaps.
Secondly the very notion of roulette refers to the interaction of price movements (a comparison if you like) with the ball and the cells on the wheel.
In order to compare it, at least agree on the following things:
1.e. How do we compare? Up or down ( black or red.)
2.e. Will we look at the numbers ?
If we compare the direction of the course and roulette, it turns out that the market has a better chance of making money than the casino. Surprising but true. We can bet up or down in the market, red or black in the roulette. The market will go up (red) or down (black), while the roulette wheel will hit zero (ZERO).
We forgot to consider the leverage example. The casino does not give leverage on bets. And if we look at the situation, we see that if we bet $1,000 on EUR ( Red ) and $1,000 on black at roulette, we stand a better chance of breaking even on the first bet. But we will lose longer time on the market. Because $1000 on Forex without leverage is 0,01 lots and we will have 10 000 pips in reserve. On roulette, if it doesn't turn out the way we want, we would lose $1000, while on the market we would need a 10 000 pips decline in currency for this to happen.
Looking at the numbers:
There are many "pips" on the roulette wheel to get our comparison right
. First of all we have to place all red (by number of pips) and black
from the opening price of the order. This will be our range like in roulette.
Now: What will be the probability of getting a black 18. (Equals to a drop of 18 pips)
50/50 But we have Zero! Already the odds are going down.
What if we get black 20 instead of 18? We lose.
Our take will be triggered.
Therefore, it is clear that there are more chances in the market than in the casino at the roulette table.
//-------------------------
I hope there will be fewer surprises later. Who needs it, I will send the article to the soapbox. (There are plenty of similar ones on the Internet...)
Where have you seen an unregulated tape measure? It's even regulated.
What difference does it make who plays roulette... male or female... I don't think the casino's luck is decided by gender!
You play roulette, you're a monkey (I don't know if you're a female or a male).
In forex, luck is distributed according to mental traits.
Went to a free week-long course.
Kind of figured something out.
Opened a demo account. I traded. Wiped out.
Opened a demo account. Traded. Wiped out.
Opened a demo account. Traded. I emptied.
I traded in the following way: at first I was in profit (with diligent observance of MM), and then I inevitably lost.
Basically, I made the same mistake: either I jumped into the trend late, or (as I found out later) openly went against it.
I started to look at various news feeds. It became easier. Up to a certain point.
Now my head is a mess.
What do you recommend? For example, what is a good book on TA to learn how to build support and resistance lines, define a trend with reversals and so on? Or what kind of "Forex for Dummies"? :))) Or analytics, like on finam.ru or youmis.ru?
P.S. I traded mostly on H1, looking at M5, M30 and H4.
P.P.S. When i open an order i always set SL and TP right away.
Maybe this will help:
http://ravenid.freehostia.com/mapes/RU/07_forex_ru.htm
More about the Forex Killer
http://ravenid.freehostia.com/mapes/RU/07_forex_ru_FX_Killer.htm
You play roulette, you're a monkey (I don't know if you're a female or a male).
>> in forex, your luck's all over the place mentally.
YOU'RE JUST BRILLIANT WITH YOUR SIGNS ! ( JUDGING BY THE APPEAL )
In order to compare it, at least agree on the following things:
1.e. How we compare. Up or down (black or red).
2.e. We look at the numbers ?
,
If we compare the direction of the course and roulette, it turns out that the market has a better chance of making money than the casino. Amazing but true. We can bet up or down in the market, red or black in the roulette. The market will go up (red) or down (black), while the roulette wheel will hit zero (ZERO).
We forgot to consider the leverage example. The casino does not give leverage on bets. And if we look at the situation, we see that if we bet $1,000 on EUR ( Red ) and $1,000 on black at roulette, we stand a better chance of breaking even on the first bet. But we will lose longer time on the market. Because $1000 on Forex without leverage is 0,01 lots and we will have 10 000 pips in reserve. On roulette we would lose 1000$ if the wrong currency pair would fall, while on the market we would need 10 000 pips to do this.
Let's look at the numbers:
Roulette has a lot of "cells" to make our comparison right.
first of all, we have to place all the red ones (by the number of cells) and the black ones
from the opening price of the order. This will be our range like in roulette.
Now: What will be the probability of getting black 18. (Equals to a drop of 18 pips)
50/50. But we have Zero! That reduces the odds.
What if we get Black 20 instead of 18 ? We lose.
Our TakeOut will be triggered.
Therefore, it is clear that there are more chances in the market than in the casino at the roulette table.
//-------------------------
I hope there will be fewer surprises later. Who needs it, I will send the article to the soapbox. ( There are a lot of similar ones on the internet... )
ONCE THERE WAS A TOPIC ABOUT THE POSSIBILITY OF APPLYING THOSE AEALISES TO CASINOS (SPECIFICALLY TO ROULETTE)...
THERE WAS A THREAD ABOUT THE POSSIBILITY OF APPLYING THE ANALISYS TO CASINOS (SPECIFICALLY TO ROULETTE)...
Drawing a chart: red - one point up, black - one point down, and we obtain a chart similar to the chart of quotations - please apply any tools of tehanalysis. Only this red and black is the same tornado and it has been proved by comrade Dub that it is impossible to win regularly in the tornado.