Is trading Gambling or not .."What say You" Vote here.

Is Trading Gambling or not

  • Gambling

    Votes: 460 35.0%

  • Not Gambling

    Votes: 854 65.0%
  • Total voters
    1,314
  • This poll will close: .
Quote from ElectricSavant:

I wonder what ET will say when I learn how to counter-balance with 13 other pairs? I know a trader that does this and has done it for quite a while....
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dgcfx?
 
DGCFX methods and knowledge would be very helpful :)

Sympatico is however learning automation...he will be dangerous..

Then there is aeorkian...or something like that...

Some of these Currency guys really know their fxmath


Quote from Quah:

dgcfx?
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If I quit my day job and could set with all my friends in a room and soak up their knowledge....my dream....


But I digress....


Trading is not gambling


What Say You?
 
As we post, spot forex is experiencing a weakening of the USD. We shall see how far it goes...It all good, no matter what it does!

Thank you Oanda for allowing me to trade correctly, with a reasonable amount of capital and leverage. (could you imagine if this were traded with lots instead of units?...sheesh the amount of capital needed would be huge and uninsured)

Michael B.
 
Isn't whole life is gambling? Who cares... Do what makes you happy. I think those people who can't make it trading call it gambling to make themselves feel better.
 
To me it depends on whether or not you have an edge. If you 'do' have an edge, it's not gambling. If you don't, it is.

Just like the casino's in Vegas. They have a proven mathematical edge, so they're not gambling in my view.

The players don't have an edge in most games ( the player can have an edge in some games like blackjack and poker), and are gambling.

So, to me, it just depends on whether or not you have an edge in your trading method.
 
gnom,

Wifey agrees with you.



Quote from MrsSavant:

I just wanted to confirm, Electric not only visualizes this, he trades it...(some say he is transitioning from a humble wannbee to a profitable blowhard)

But with the EUR/USD and the USD/CHF.

It seems to work, and if he goes flat he would soon show a net profit. But why go flat? Just go with the waves and collect volatility.

I can see this is true, as to what my crazy husband is saying. I think it comes down to a longer term mindset and how you want to trade and what you can tolerate.

I am not a trader, I trade Options through an advisory at OptionXpress through AutoXecute. But if I can see this, surly the great minds of ET can see it?

Please do not misunderstand Electric. He feels that profitable traders want to "hang" with other profitable traders. He wants to talk the "talk" and be a big shot trader. After all the years of contributing to ET, let him have his fun....You folks can help him deal with this. It is just as hard to be a winning trader through the hard work of trading, than to be the loser wannabee blaming it on gambling to make ones self feel better.

Wifey.
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I don't have an edge? I have no idea what the market is going to do or its outcome. I have no probability...expectacy....winrate...avg win to loss ratio...



Quote from The_Chartist:

To me it depends on whether or not you have an edge. If you 'do' have an edge, it's not gambling. If you don't, it is.

Just like the casino's in Vegas. They have a proven mathematical edge, so they're not gambling in my view.

The players don't have an edge in most games ( the player can have an edge in some games like blackjack and poker), and are gambling.

So, to me, it just depends on whether or not you have an edge in your trading method.
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