Forex is Gambling or Lottery ?

This is a discussion on Forex is Gambling or Lottery ? within the Forex forums, part of the Markets category; Forex trading business isnít any kind of gambling or lottery! Itís the most standard business which on stands by knowledge! ...

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Old Aug 31, 2017, 11:27am   #1
Joined Apr 2017
Forex is Gambling or Lottery ?

Forex trading business isnít any kind of gambling or lottery! Itís the most standard business which on stands by knowledge! Knowledge is the power house of Forex business! My 1st live trading balance was only 100$, but now my trading equity is almost 3K! Itís not for my luck itís for my trading skill and experience, I always trade with MM and RM policies!
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Old Aug 31, 2017, 11:39am   #2
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This is quite common around here.Only recently, brewski took £200 to 5k.
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Old Aug 31, 2017, 2:16pm   #3
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Easy money
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Originally Posted by Lee Shepherd View Post
Thats just b0llox trading. Its all b0llox Spencer.
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Old Sep 1, 2017, 8:37pm   #4
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Let us to complete impression of your talent, luck and scent by showing us some proofs!

Or..Was it an act of self-assertion before you actually get down to trading?
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Old Sep 2, 2017, 11:06am   #5
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How do you manage to achieve £1m in the bank as a inexperienced trader ?

Deposit £10m and then wait a few weeks

N
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Old Sep 2, 2017, 11:52am   #6
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Originally Posted by brewski1984 View Post
Easy money
But there is nobody who can avoid loss completely from here in spite of good trading knowledge. no way to avoid loss.
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Old Sep 2, 2017, 1:48pm   #7
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But there is nobody who can avoid loss completely from here in spite of good trading knowledge. no way to avoid loss.
Yeah I lost most of it pretty quickly afterwards
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Thats just b0llox trading. Its all b0llox Spencer.
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Old Sep 4, 2017, 7:04pm   #8
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I don't think that it would be a good idea to consider the Forex Trading as a Gamble, if you do so, it would be the last mistake of yours as you will lose everything.
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Old Sep 4, 2017, 10:54pm   #9
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Originally Posted by Peter Borren View Post
But there is nobody who can avoid loss completely from here in spite of good trading knowledge. no way to avoid loss.

So what? The aim of the game is not to avoid all losing trades, it is to make a profit. The losing trades are just your over-heads, like your electricity bill or your phone line bill or your local rates/taxes.
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Old Sep 5, 2017, 6:18pm   #10
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So what? The aim of the game is not to avoid all losing trades, it is to make a profit. The losing trades are just your over-heads, like your electricity bill or your phone line bill or your local rates/taxes.
Yeah same like a fixed costs in business. You can't avoid them but they decline with time as your experience grows.
You have to form a tepid attitude to money, treat it like a product you are selling. Sometimes you can sell it, but sometimes you can't. Losses are part of the game.
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Old Sep 8, 2017, 12:15pm   #11
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Do you trade just one system on forex?
Are you referring to trading pairs or commodity..? Please explain a little more, thanks!
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Old Sep 8, 2017, 4:01pm   #12
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Many forex players don't know about some of the above.
I didn't know any of those. Did you get them from the merchants ?
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Old Sep 8, 2017, 4:15pm   #13
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Do you know how To Trade Currency And Commodity Correlations? Yes or no
No.
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Old Sep 8, 2017, 5:32pm   #14
 
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Dear Mr Stone,

Please find attached a video which I believe is pertinent with respect to your general trading approach.

Yours Sincerly

Berty O'Bollůcks

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Old Sep 8, 2017, 7:38pm   #15
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Who are the "Merchants". Pls explain . I'm sure other members would like to know.
Merchants are an advanced concept. There's no point explaining to you because you will not be able to understand it. It's like trying to explain calculus to a 5 year old. It's just not possible.
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