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30% trading is gambling.

Discussion in 'Beginners Bootcamp' started by nanypurwanti, Jan 5, 2014.

  1. EURUSD

    EURUSD Sergeant Major

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    Increasing lot size after loss this is like as want to revenge to the market and as trader should realize if we can't beat the market but will possible the market will beat us, so although we facing loss but still need care with risk management and trade with cool minds
     
  2. kingsman

    kingsman Corporal

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    I must say that trading is completely gambling if you will do it without understanding, otherwise it is great source of earning and good legal business.
     
  3. downtrend

    downtrend Sergeant

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    You are right, its only the problem with many newbies that they trade in gambling style, they lose a lot of money in doing so but a trader can make trading a genuine business only when he starts following good money management.
     
  4. Froso@FXNET

    Froso@FXNET FxNet.com Representative

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    When you trade with 30% of investment it can be higher than that because as market moves your risk also increases. In just few pips you can reach at full risk so it will be like gambling that you put your amount in trading without any planning.
     
  5. downtrend

    downtrend Sergeant

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    Yes 30% on risk is too high, you need to lower your risk factor or you need to have a bigger account size for it.
     
  6. hitfx

    hitfx Corporal

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    We can say trading, gambling only when we trade without having proper knowledge and understanding of the market, otherwise it is pure business where we can earn large amount if we will do it with proper planning, strategy and skills, it is lucrative business.
     
  7. carnelian

    carnelian Private

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    Yes there is a very high percentage of traders that trade in gambling style and this is the main reason why so many fail in forex.
     
  8. hyper.trader

    hyper.trader Recruit

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    With this saying that 90% of people lose money in forex, it can be indeed said that 30% of trading is gambling, in fact the percentage is higher than that. In order to make money, mostly people start trading without having adequate knowledge, skill and understanding of the forex market and as a result end up burning their accounts.
     
  9. faysal13

    faysal13 Recruit

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    Of course, I do agree! A number of Forex traders lose their money here since they are not concern about money management and risk management policies! Making profit is very easy task here, but consistency is the key point, only knowledgeable Forex traders can make money here consistently! Gamblers make profit but suddenly and end of the day, they lose everything!
     
  10. EuroTrader

    EuroTrader Sergeant Major

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    There are many such traders in the Forex markets who are loosing their funds. We need to first of all develop such types of trading skills that can give us more income and also our losses should come down :D
     

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