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Trading the Numbers - Wanna Bet?

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Trading the Numbers - Wanna Bet?

Postby Trailer » Thu Jan 16, 2014 10:48 am

If we compare trading with other traditional businesses, actually there is not much difference between them.
If I want to sell a potato (just the one, I'm in the middle of a binary mash-up here), I have to buy said spud (with, like, a currency) at a cheaper price, and then sell my tuber at a reasonable profit. You would hope.

Well, traders do the same thing. They buy hope with the base currency (and just a soupcon of fervent prayers) at a good price. When the price gets better, they sell it or vice versa. That means trading is just like other traditional businesses that we have around.

Except, of course, you can't parboil equity.

So, to earn money by trading one needs to understand the forex market. I need to study and apply learning (so many mistakes, so little time) over and over again to be able to turn the numbers around in my favor.

Gambling does not require a gambler to be well-trained – is this true? I dunno. What about poker, doesn't that require skill?

Anyways, in most cases, gambling is all about prediction - calculation or education does not play a part (did I mention poker? Oh, right...). In fact, the more illogical trend a gambler takes the more options he has of winning (and losing).

A forex trader does not need to do this. He can make money by taking a very logical route (trend trading strategy, say) with all kinds of safety and precautions, like a fire officer inspecting a Durex productions facility (a bit like watching Willem Dafoe copping it in Platoon, but with less Adagio for Strings and more Justin Bieber – whose straining, tight-collared enthusiasm for cutting-edge entertainment – think Mylie Cyrus draped in nothing but a transparent veil of mortification – is more redolent of a last-minute motivational speaker at a forex expo, exhorting us all to smash our quarterly trading targets and stop playing silly buggers with the COT Report).

See, gambling has no time for that nonsense, gambling is deadly serious.

But trading?

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A trader needs to learn a lot of things, and he has to apply his experience and lessons to be able to make money, consistently.

It is the skill of trading that brings money for traders. Luck might play a factor to some extent. However, for gamblers luck is the main factor in most cases.
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Re: Trading the Numbers - Wanna Bet?

Postby Sininfinity » Sun Feb 28, 2016 4:55 am

Another post comparing forex trading with gambling. lol

I guess this debate will never die and everyone who enters the market will take one side of the debate.
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Re: Trading the Numbers - Wanna Bet?

Postby Apple Honeypie » Mon May 09, 2016 7:49 am

Good post about Forex trading and its facts.. Forex is a topic which will never gonna stop for some to discuss about it.
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Re: Trading the Numbers - Wanna Bet?

Postby Sininfinity » Sat Jun 04, 2016 5:20 am

Apple Honeypie wrote:Good post about Forex trading and its facts.. Forex is a topic which will never gonna stop for some to discuss about it.


Everything people gets their interest in, will have discussions when people with similar interest meet. I also like to discuss about forex topics. But when comparing forex with gambling irritates me.
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