Originally posted by illiterate

lol" /> @ cousin....... Wow u explained the relationship in just one word.

- lol I hope you'r not laughing at me...

Originally posted by leebut

Watch 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.

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.

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Well, there you go, FOREX is a lottery. It's a documentary about trading in the pit at Chicago. It ws described as gambling.

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...

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.

I have found a very good link abt Trading and gambling. It is a bit big article and I think after reading all of this we can clear our doubts whether trading is gambling or not.

http://www.financial-spread-betting.com/trading-or-gambling.html

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

Did anyone actually watch Floored?

http://www.babelgum.com/Floored    Episode 2 brings the gambling element into it.

Originally posted by Jqlal

gambling 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).

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.

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. ...