Yep because like casinos they can keep playing whilst others are wiped out
Difference is though that a casino or bookie will most likely close your account or limit you stakes for being too successful too often/overall, whilst a forex broker is getting commission on every trade you make.
With trading you are trading against the market like betfair for example not against a casino per se. In that market there are other novices that the city pros are taking money from. There are ways to trade like the pros and to not be scared off. Because emotions play a huge part in trading, especially fear and greed. Traders who can manage this have a distinct advantage in my opinion
Posted By: essexcanaryOTBC on August 5th 2015 at 17:01:36
Message Thread
- Anyone here trade Forex? (n/m) (General Chat) - essexcanaryOTBC, Aug 5, 14:24:46
- I've just rebounded a Forex business (General Chat) - pieman63, Aug 5, 15:14:36
- Spot on, much weaker markets out there.... (n/m) (General Chat) - usacanary, Aug 5, 17:27:05
- Yep because like casinos they can keep playing whilst others are wiped out (General Chat) - essexcanaryOTBC, Aug 5, 17:01:36
- Rebranded (n/m) (General Chat) - pieman63, Aug 5, 15:14:53
- I am teaching myself with help of a friend (General Chat) - Tony Martin, Aug 5, 14:43:44
- Oh cool well done, thanks (General Chat) - essexcanaryOTBC, Aug 5, 14:47:29
- Always seemed risky. I have no knowledge that the rest of the market doesn't have (General Chat) - Old Man, Aug 5, 14:31:25
- A lot of trading is about pyschology and risk/money management (General Chat) - essexcanaryOTBC, Aug 5, 14:46:16
- All about capital retention (General Chat) - Tony Martin, Aug 5, 14:48:23
- Agree with stop losses but think it depends on the trade risk reward ratio (General Chat) - essexcanaryOTBC, Aug 5, 14:50:16
- Yup. you can be wrong more than you are right and still be profitable (n/m) (General Chat) - Tony Martin, Aug 5, 14:52:47
- And as you gain experience it becomes easier to spot the higher probability set ups (General Chat) - essexcanaryOTBC, Aug 5, 15:01:55
- Yup. you can be wrong more than you are right and still be profitable (n/m) (General Chat) - Tony Martin, Aug 5, 14:52:47
- Agree with stop losses but think it depends on the trade risk reward ratio (General Chat) - essexcanaryOTBC, Aug 5, 14:50:16
- All about capital retention (General Chat) - Tony Martin, Aug 5, 14:48:23
- A lot of trading is about pyschology and risk/money management (General Chat) - essexcanaryOTBC, Aug 5, 14:46:16
- I've just rebounded a Forex business (General Chat) - pieman63, Aug 5, 15:14:36
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