Trading VS Gambling
Posts: 332
Member since: 16/08/2011
Originally posted by illiteratelol" /> @ cousin....... Wow u explained the relationship in just one word.
- lol I hope you'r not laughing at me...
Originally posted by leebutWatch this at around 5:15: http://www.youtube.com/watch?v=INufKOwAtPY&feature=related
Admission is the hardest thing.
- what's about this video. It seems like a documentary film about lottery. I didn't clearly understand, our audio is broken and can hear the sounds.
I am a hosted slave beta.
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Member since: 16/07/2011
Originally posted by megrawab
- what's about this video. It seems like a documentary film about lottery. I didn't clearly understand, our audio is broken and can hear the sounds." />
Well, there you go, FOREX is a lottery. It's a documentary about trading in the pit at Chicago. It ws described as gambling.
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Member since: 16/08/2011
Originally posted by leebutWell, there you go, FOREX is a lottery. It's a documentary about trading in the pit at Chicago. It ws described as gambling.
oh okay. Thanks for explaining!
" I didn't clearly understand, our audio is broken and can hear the sounds." - I mean CAN'T hear the sounds in this post ...
Was that really forex trading? Why are they holding papers like tickets. It's like binary options or guessing the exact value of a base...
I am a hosted slave beta.
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Member since: 16/07/2011
Originally posted by megrawab
Originally posted by leebut
Well, there you go, FOREX is a lottery. It's a documentary about trading in the pit at Chicago. It ws described as gambling.
oh okay. Thanks for explaining!
" I didn't clearly understand, our audio is broken and can hear the sounds." - I mean CAN'T hear the sounds in this post ...
Was that really forex trading? Why are they holding papers like tickets. It's like binary options or guessing the exact value of a base...
It's about floor traders in the pit at the exchange in Chicago before computers reduced the number of traders and market makers in the pit. That's why you see so many bits of paper.
Your concept of 'holding papers like tickets' is the same as when we trade on our computers; we open a ticket. There's not so much paper.
They would be trading many things, mainly commodoties. Whether it s FOREX or not doesn't matter. The principle of trading is exactly the same.
Maybe this link will be better for you: http://www.babelgum.com/Floored
Watch all of it and tell me that trading is not gambling. It's much more informative that a paragraph in a book.
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This article also explains similarities and differences between gambling and other types of investment opportunities (mainly forex). I think article writer wants us to conclude the bottom line.
So there are some similarities and there are also differences. I think forex is not gambling coz even gambler and a businessman have some similarities. We cannot say that a businessman is a gambler
Thankyou
Stick to your rules
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Member since: 16/07/2011
Did anyone actually watch Floored?
http://www.babelgum.com/Floored Episode 2 brings the gambling element into it.
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Member since: 16/07/2011
Originally posted by Jqlalgambling to me is like obsesion, when u can not stop. forexis when you not invest what you do not have, like when u know when you shud stop
There will be a lot of people that are obsessed with FOREX and don't know when to stop (Margin call).
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Member since: 20/09/2011
the fact is if you take forex as a game you will lose its just like rule number 1. but when you take is as a business and its done with passion you get to see your profits.
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Member since: 22/06/2010
There are differencies between trading and gambling. Gambling is on a 50% probability scheme, trading is not. Examples? 40% of the retracements happen between 61.8 and 78.6 Fibonacci. Pivots. Trendlines. ...