Forex is Gambling or Lottery ?

Peter Borren

Active member
Apr 8, 2017
165
2
28
#1
Forex trading business isn’t any kind of gambling or lottery! It’s 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! It’s not for my luck it’s for my trading skill and experience, I always trade with MM and RM policies!
 
Likes: tomorton

gerryg

Active member
Sep 9, 2013
915
8
28
#4
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?
 

NVP

Well-known member
Jun 21, 2004
35,834
1,736
223
west sussex, UK
fxcorrelator.com
#5
How do you manage to achieve £1m in the bank as a inexperienced trader ?

Deposit £10m and then wait a few weeks

N
 

SmartGeek

Active member
Jul 5, 2016
237
7
28
#8
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.
 

tomorton

Well-known member
Feb 28, 2002
7,056
916
173
62
Exeter
#9
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.
 
Likes: piphoe

gerryg

Active member
Sep 9, 2013
915
8
28
#10
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.
 
Likes: tomorton
Apr 4, 2016
1,959
96
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#15
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.