30% trading is gambling.

Madalyn

Corporal
Messages
71
If you ask about volatility, then yes it is inherent to all trading pairs even to majors. You can't avoid volatility in trading but basically it makes the business of speculation profitable. Flat markets would yield very low returns. But the problem is that volatility is hard to describe because on short timeframes it is basically a random factor.
Thanks
 

fxoday

Sergeant
Messages
131
In my view forex is speculative trading, but this is not gambling, is speculative investment needs research to analyze the market if likely investor look high probability to gain, they will act, but if likely will giving loss, they will stay away from the market
 

Etedus12

Sergeant
Messages
155
I can't agree. Gambling is a game, where your chance to win is set before you start. Even if you are very good casino player, you will never increase your profit, as it's random. Trading is all about your skills and analyrical predictions. Of course, there may be black swan like 9/11 that cannot be predicted. But cryses like 2008 or great depression, but it's not about random.
 

fxoday

Sergeant
Messages
131
There are some professional trader that able make great earning from forex is one proof if forex is not gambling, but this is need experience and also skill to making a profit, if any trader comes to forex want to gamble, with open trades depending lucky hence will never become the winner in this field
 

Etedus12

Sergeant
Messages
155
Trading includes some luck, but I can't name it gambling. Trading absolutely depends on your skills and your ability to analyze the market. It becomes gambling only if you don't have enough knowledge and information. So to avoid this, just develop your skills i think :)
 

Petezaa

Recruit
Messages
54
Thats why you are always stick with 1-2% max! If you want to be in this game for a long time, you've gotta play it that way.
 

nahiyar

Private, 1st Class
Messages
754
It is enough to have up-to 2% risk in trading. Forex is not a business of some days if we want to live with it for a long time we have to win it slowly. Every business demands time and hard work so for forex why we show hurry and greed. I will never imagine to have 30% risk in any trade even I had full guarantee of profit. Always remain to safe side with minimum risk.
 

AlecR

Corporal
Messages
77
I Like your advice to take less risk as you mentioned that 1 to 2 % risk is quite proper for trading. Usually I take less than 1% risk because I can avail trading any time I need not to put my amount in a great danger by using high risks. Some good analysis and trend confirmation might be go with 2% risk so that I can get good amount of profit but Much% is a great loss for traders if they loose that trade.
 

bigdolly

Sergeant Major
Messages
897
I have special fixed spread account with Hotforex where I trade only on news and stop loss level is basically a stop out level for the given equity. It is really convenient because they separated trading accounts and client wallet so you can deposit money to the trading account in the amount that you need, not risking the money that you deposited to the broker.
 
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