I agree with you. I would extend it further, and say that every decision you make is a form of gambling. The only reason you act or make any actions in life is that you think there is a chance to be in a better place as a result of that action, ...

Are We All Gambling?

It's pretty simple, I am just asking, what do you as a trader consider gambling as a whole, not specifically related to trading, and are you doing that?

Are We All Gambling?

He doesn't trade fx but he is a trading hero. u/IR0NYMAN on reddit. Guy had a $5,000 account and was trading box spreads. Was set to bank $50,000 on the deal that "literally can not go tits up." The deal was also described as "risk free money". Long ...

Where Are Our Trading Heroes?

You are basically right in describing what causes the price to tick either up or down, but unless you are trading tick for tick like a market maker trying to profit from the spread (have people market order into your limit orders), you need to zoom ...

Market mechanics

actually... you are: image The only reason red is more likely in this sample is because the time series is higher than where it began after the 41,000 candles.

Cable Update (GBPUSD)

Be careful. The probability of the next day being red or green is 50/50 regardless of past. Sure 4 days in a row doesn't happen that often, but the probability of the 4th day being green from the 3rd day is 50/50.

Cable Update (GBPUSD)

Looks like new LOD coming our way...

Cable Update (GBPUSD)

Anyone who read about the deal knew it most likely would not pass. Was literally the worst possible exit deal one could come up with that would have essentially nulled the will of the UK people.

Cable Update (GBPUSD)

dumping nicely. Easy pips on the sell side...

Cable Update (GBPUSD)

Each currency pair will have a pretty regular cycle of volatility so I would just pick the pair with the highest volatility and lowest spread and focus on that one. Then trade during the times when volatility really starts to pick up (most days) so ...

how to find which pairs are trending {i'm a day trader}