We all lose in the long run. Our goal is to find right time to stop!
I have $100 on Oanda. I want to lose it or double it as quickly as possible.
- Thread starter pursuit
- Start date
Got margin call so left a few bucks in the account. When you do that then you know the risks. The strategy was to go all in (200:1) and look for 80 pips. Once you get that you go all in again, same thing, 80 pips. If you can do that 8 times in a row you will be a bit richer.
This is pure gambling though, not trading.
It is hard to tell the outcome of a certain news before it is released. The Fed meeting yesterday ended by a lost interest in rate hike this year. The Fed said there won't be any interest rate hikes. Unless you know what the Fed's thinking you won't be able to know exactly where the market is heading before the news. Predict the outcome of the news and you are a winner.
The best thing I would suggest would be to place my trade immediately after the news is released and grab a few pips.
You need to understand that it is not a Gamble that you could double your money and you will need to have lots and lots of practice to become successful in Forex, you cannot depend on the Luck.
There is no Gamble in Forex, if you want to successful here you have to understand the market and its movement of pairs so that you can also trade without any worry.
Play poker NL100 table, wait for aces and go all in, is more fun
Well gambling or trading depends on how long you are going to stay in the game.
taking extreme risks on safe and stable platform with high leverage is better than making pip by pip a whole month, wasting time, getting emotionally drained etc. Its all about the distance and when its one trade then ANY size of risk is ok.
Just to make sure the game is fair.
And yes we all lose in the long enough distance because of negative expectancy.
Forex Trading is all about profits and loss, but deliberately losing money, I don't think that if you have that mindset, you are going to achieve anything.
Well its subject to debate. Traders that make gamble of trading lose money deliberately but funny thing its out of their control. Some people still stay at the mercy of emotions and can't escape it.