Why forex is gambling

[Tokolosh]

[
If you try some other platforms like Ninja or eSignal you will see that they offer everything you are looking for.
But even with Metatrader they exist tools that help you manage the trade. I would suggest that you have a look at Broker Nightmare[/QUOTE]
Hi Caps......do you run this on your trades and are you happy with it?
thanks Toko

[capsmart]

DN
I am using swvps for more than two years now without problem. The cost is around 20 dollars per month and you can stop whenever you want.
As I mentioned in another post there is also the Pepperstone alternative if you decide to go with them.

[Tokolosh]

[
If you try some other platforms like Ninja or eSignal you will see that they offer everything you are looking for.
But even with Metatrader they exist tools that help you manage the trade. I would suggest that you have a look at Broker Nightmare

Hi Caps......do you run this on your trades and are you happy with it? i am referring to Broker NIghtmare.
thanks Toko[/QUOTE]

[capsmart]

I am not using broker nightmare to manage my trades.
I use TM and so far it is working fine.

[dn1]

Thanks capsmart. There is clearly a lot to think about here (sorry for going off topic) with vps.

Pepperstones appear to offer two low end options. CPS from $30 per month (1 mile proximity) and Galaxy Visions ($35 per month with better hardware and 11 mile proximity). Will the geographical proximity make any difference, whatsoever with MDP?

Are there any drawbacks at all to your swvps account and do you think it has cost you any money, in terms of speed?

What is the basic procedure? I have never used VPS before. Do you get the VPS account first, then buy MDP and download the software through your email using the vps, Does MDP come with adequate instructions for doing all of this with a vps? I imagine many of their customers have no experience of vps either.

[Charles]

I must somewhat disagree with this anaolgy that forex is like playing poker. In some aspects they are alike, but in the main essence of it, it is different. If you don't consider the bad morals of some brokers and poker dealers... ie stop hunting and slight of hand tactics.

In a nutshell,

Poker is playing the odds.

Forex is playing outcome probability.


In poker you have no possible knowledge of what is to be given. If you are dealt 2 - twos and the dealer has 2 - Kings and a eight. The odds are not in favor. However, there is no way in telling what the last cards are so one would probably have a minimal bet that once it went past that you would fold. (Just like a SL)

However, in forex you have many tools at your disposal. Support and Resistance being a major player. Along with some other great tools and indicators that help with the probability of way the market will move. You also have at your disposal future outcome hints (which don't exist in poker). If you are trading the 4H chart, you always look at the Daily, Weekly and Monthly charts. If the Daily and the Weekly are telling you that hey I am in a downtrend at this moment and it supported by channels and Support&Resistance. Then you look at the 4Hr Chart and it is in a uptrend to a known Resistance level. What is the probabilty that once the 4Hr hits that Resistance level that it will turn downwards, IT IS VERY HIGH.

Well that is my opinion at least,

Charles

[capsmart]

Dn
If you check this thread you will see some videos I found about VPS. It will give you a good idea.

http://www.forex-fxtrader.com/forum/...te-server.html

So the general idea is you connect to your VPS that looks exactly like an empty desktop, then from your local pc you can transfer (or download using a browser) the files you need. Metatrader, the robot, acrobat reader whatever...
After installing your software you disconnect from the VPS and the platform keeps working. I do not think 1 mile or 11 miles make a difference. I do not know if I lost money because of a slower server. Sometimes it is not just the vps. It is also the broker that will slip you (move the price). Sometimes is the market that will move very fast. It is not a perfect world (thank God, it would have been very boring lol).


Charles I agree with you (since I am forex trader and not a poker player) but I just wanted to point out that there is risk in both. I agree with you about support and resistance but keep in mind that those are just lines in the sand. Yes the more they are the better. If more people will have the same lines on their charts there is a bigger possibility that price will react at this level. But it is just human reaction. You cannot compare it to a mathematical equation or a law of physics.

[dn1]

Charles, you don't play poker with the dealer, you play it against other gamblers. I guess you are thinking about Blackjack, a casino game where the player is drawing-dead in the long term. Like with roulette, the house always wins.

In online poker you also have a multitude of tools at your disposal. Nearly all pro players will use a heads up display (HUD) which gives them information on any other opponent, based on previous hands.

Amongst many other things, a HUD lets them Know what percentage of the time their opponent voluntarily puts money in the pot, how often he limps and how often he raises. It also gives full check/call/bet statistics for the flop, turn and river, shows how often they 3-bet/4-bet as well as how often they call/fold/re-raise to either bet.

From these statistics a good player can quickly work out what their opponents ranges are, and that is what the game is all about. A tight player may call in the big blind with a hand like AJ+ or 99+ and re-raise with AK+ and QQ+. This means that the player on the button can profitably bet with any two cards when the action is folded around to him and the small blind also plays passively. He can just bet and fold to any resistance, unless he himself actually has a monster hand. The difference between being a winning (enough money to live very comfortably) and losing regular can be as one successful bet per hundred hands.

If some of that sounds a little complicated, believe me, this is just the tip of the iceberg, when it comes to poker theory. The game is about looking for tiny edges and exploiting them. Essentially, you are just trying to make bets when you believe your opponent is offering you too generous of a price, or laying odds that are tempting but offer your opponent poor value. This may mean a difference of just 1-2%, in terms of the price, which is why all good players have a strong grasp of maths.

You can see the annual graph of a winning regular, here:

Leatherass post yearly graph..... - Poker News - News, Views and Gossip

If you take a look around that forum, which is enormous, you will start to get an idea of how advanced the game has become and the clear similarities with online trading. Many poker players quit the game to start day-trading and vice-versa.

Capsmart, thanks for all your help. I think I will go with Pepperstones, use their vps and use Aslan.

[Ikaros]

yes i believe forex is somekind of gambling
but there are many profecianal players in gambling that do this job
so they go to casinos or play on the internet and they do not work
with luck but with method and disciplines .
if you gamble with luck you will lose all the time

[ramonramirez]

every business is like gambling my friend..