● Forex Trading versus Gambling at the Casino. Subscribe if you want to learn while being entertained.
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Forex Trading versus Gambling at the Casino. I would say that any investment is a gamble; it doesn't matter what it is. PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! When you buy into something and the price of that product or asset can fluctuate, its a gamble. The only thing that is against you when trading currencies with a broker is the spread which represents the cost of trading. Some retail brokers run their business like a casino allowing you to leverage 100 to 1. It is just a greed trap for beginners.
If your trading Forex your counterparty is in some cases the broker itself. The same broker you rely on regarding the pricing information, trade execution, spread, etc. I'd say that trading itself, witch is speculating is akin to gambling. But actually investing is something else all together.
They are very different actually. In gambling you will have equal chance with other players almost of the time but you can never have the same chance with big traders in trading (insiders and big fishes). That's why you should invest in stock market and buy some worthless shares with hope of getting rich.
you cannot liken gambling to buying a house or investing in a business, because when trading forex or cfd's the company you place the trade with has a direct interest in you losing so it can make money! if all the traders on its platform make money then the company goes bankrupt!!!!
+Wynapse O You are 100% right. What she is telling is not correct. However, her role is to encourage people to trade, not keeping them away from trading. From that perspective, what she's telling make sense
Good for you bro ..I my self am studying Architecture and thank God I am still young and 21 years old to be exact and know what stocks, bonds, forex are and how money management really works. Yeah psychology plays a big part in the business that is only why 5 % of traders actually make money. but nothing is imposible when you take things seriously . Just because it didnt work out for someone on the Forex Market ..Doesnt mean it cant happen for somebody else. Plus there is something major that people dont want to do and want to win big with which is studying or taking the time to actually look that the pattern behavior. Good Luck in your App project bro . Thats a pretty good amount of money for the average person this days. Blessings for what is to come in your life . As for my self Architecture and the stock market/forex is for me and take it very seriously.
Trading stocks typically have the lowest fees on eToro, which is one reason why I recommend you stick to this market when starting out.
All trades charge both a spread and daily rollover fees.
It really comes down to individual trading strategies and preference. But to give you an idea, I tend to hold on to stocks for a minimum of 6 months and all other trades tend to have an average duration of about two-three weeks.
A final word on over-trading.
This is a point that I want to expand on a little more, specifically in relation to copying other traders. Below is a screenshot of my equity chart over six months. The red line shows the number of people copying me.
My equity vs copiers chart.
The same holds true for the stock market in general.
Long-term growth of UK stock market.
How to Start Trading Cryptocurrencies.
Cryptocurrency trading can be extremely profitable if you know what you are doing, but it can also lead to disaster. Even though most traders decide to either go with fiat or bitcoin, other cryptocurrencies can represent viable income sources, as long you as you tread carefully and understand what you are doing. This guide is for those who want to start getting involved in cryptocurrency trading.
Where to trade.