30% trading is gambling.

[FxMaster]

Exactly, knowing when to get in and out, or, "call, or fold", is applicable to any venture you take. Life, in that sense, is a gamble is it not?

That was pretty good right?

When you become greedy you will lost, This is one of the fact of Forex

 

[forexdon]

Trading forex is risky as you said, because nobody can predict the direction of the market 100% accurately all the time; as long as the percentage of your winnings is much better than your losses, you are not doing badly. Even though the business is risky, an accurate knowledge and good information coupled with a good trading plan reduce the risk to much less than 30%.

 

[jotekfinance]

Can't agree about the 30% gambling. If that was the case, some of the forex masters would be at the casino, not at the computer.

 

[Jeffrey Lewis]

Trading vs. Gambling

It was interesting to read the different reactions and metaphors in this conversation thread comparing trading to gambling (or 30% gambling).

My question is if there are types of trading that are LESS like gambling...

 

[bigdolly]

It was interesting to read the different reactions and metaphors in this conversation thread comparing trading to gambling (or 30% gambling).

My question is if there are types of trading that are LESS like gambling...

When you trade you make a bet (on future result you expect). Hence any trading is gambling in essense. However when you can shift odds to your favor (making trading analysis, follow money management), there are much more chances to make the outcome more predictable

 

[robertrfx]

Can't agree about the 30% gambling. If that was the case, some of the forex masters would be at the casino, not at the computer.

LOL. So many traders come with a get rich quick mind. I hope that falls under gambling.

 

[iMusingKiMi]

Trading wasn't gambling. But a lot of trader are gamblers.

 

[FxMaster]

Trading wasn't gambling. But a lot of trader are gamblers.

As I said before "This is only happen when Traders become GREEDY.

 

[iMusingKiMi]

As I said before "This is only happen when Traders become GREEDY.

It is not only greedy, especially when trader start to think they can know future results.

 

[willforex]

I don't know how you consider 30% gambling ? It is the mentality of the trader which define him as a gambler or not ?