The difference between trading and gambling. This article will shine a light on the most frequent mistakes that traders make. These mistakes blur the thin line between trading and gambling. Many people have spoken on this topic, but we truly believe that it is still not sufficient, and traders should be better educated on how to avoid gambling behaviour and...
It’s a big debate that runs the financial market. Is trading gambling? Well I’m going to try put it to bed in just a few sentences. There are two types of gambling. Gambling by chance and total randomness like slot machines, lotteries, Bingo, Wheel of Fortune and flipping coins. And strategic gambling which allows you elements of control of coming out with a...
Navigating the Financial Landscape: Investing vs. Speculating for Smart Financial Growth In the intricate world of stock trading, distinguishing between an investor and a speculator is vital, despite their mutual interest in market analysis. Each follows distinct approaches and objectives, and understanding these differences is paramount before venturing into...
Is trading a form of gambling? With hesitance, I would say yes. However, I would rather call trading a form of strategic gambling as both require elements of risk, reward, strategy and decision making. In the next two weeks or so, I’m planning to publish a new online FREE book called “Poker Vs Trading”. Who knows, by the end of it all you may take up...
Hey traders, In this post, we will compare investing and trading with gambling. 📈Investing Investing is the act of putting money in a financial market with the expectations of a long-term positive return. The investing decisions are usually made using fundamental analysis. The main goal of an investor is to predict the long-term market trends and benefit on...
Hello everyone Today we will touch on a serious topic, at the end of which you will be able to determine who you are in the market. Let's go! Two types of people There are a large number of people in the forex market and they are all different. But, even considering the diversity, there are still common features by which people can be divided. Some come with a...
There is no secret. Most traders lose and we know exactly why. They ignore all advice and persist. So they deserve to lose. The AMF (the french "regulator", not sure what they are exactly), they looked at FX & CFD brokers responsible for half the volume of active investors, between 2009 and 2012. According to them: - In any year 84% of active clients lost money...
99% of retail FX traders are scalpers or day gamblers or "swing" traders. According to a paper on the BOJ website I'll link below, in 2015 a mindblowing 57% of retail clients were "scalpers". 86% were either scalpers (0 to 1 hour) or day gamblers (1 hour to 1 day). They excluded those with positions held over 1 month, 1 week to 1 month was only about 5%, much...
In this educational content video I had to cover one the biggest noob trader mistake, trading with too much leverage. That's basically what flushes out almost 80% of the noobs. Getting the margin call, putting more money into trading than you initially expexted. All of this is well known as gambling problems. And the recent flow of beginners who went to the...
This is a shorter video. Something violent is happening on EURUSD at this time. Play safe! :)
I briefly mention the political situation in the world that affecting many stock markets. I'm seeing wide swings on a daily time frame, whenever their is good or bad news. Traders would be wise to avoid gambling in these sorts of volatile markets. Those with large accounts can of course take a position and ride out the volatility in following a trend.
In this very first video I'm posting, I look at the 30 min time frame where some day traders tend to trade. I show 6 charts with high volatility and lots of spiking all over the place. Yes there may be some visible and tradable pattern in these on careful analysis. However, the degree of volatility seen over the last two months may not 'respect' traditional...
Tradingview has opened up a brilliant section on ' Beyond Technical Analysis ', where there is much room for development. I have a very big interest in trading psychology as I've come to realise that success in trading is determined by roughly 80% psychological self-management (and its many components). I've been exploring this topic elsewhere (link later). But...
PART 1 Are you tired and exhausted of finding a strategy that works, are you tired of predicting forex markets only to find out sometimes it works and sometimes it doesn't. First of all, you have to see what are your beliefs and you need to verify if you have right beliefs. Many traders think that forex trading is not gambling and to make money from forex you...