Of course the price of gbp is higher then eur relative to usd, 1.58xx vs 1.25xx. But the pip value is the same
Soooo…
“off course as the leverage is 0 that is mean you are going to trade all your money the 10k or a micro lot
each pip gain or loss=1$”
Kindly, explain how you get $1 from 1 pip off the eurusd on .05 lots. And also explain why you said “or a micro lot” and not “a half a micro lot”
In that quote you said you were trading 1 micro lot… Now your saying your trading a half a micro lot… you need to acknowledge that you changed what you are saying.
I know very well that 1 pip move an a 1 micro lot position is $1… I also know that a 1 pip move on a half a micro lot position is $.5… The point is your first quote you said you were using 1 micro lot… Now you are acting like you said one half a micro lot…
“off course as the leverage is 0 that is mean you are going to trade all your money the 10k or a micro lot
each pip gain or loss=1$”
Kindly, explain how you get $1 from 1 pip off the eurusd on .05 lots. And also explain why you said “or a micro lot” and not “a half a micro lot”
In that quote you said you were trading 1 micro lot… Now your saying your trading a half a micro lot… you need to acknowledge that you changed what you are saying.
if you trade 0.5 micro lot of gbp/usd the pip value is 0.5 usd
if you trade 1 standerd lot of gbp/usd the pip value is 10 usd
you see changing your position size will change the pip value
I know very well that 1 pip move an a 1 micro lot position is $1… I also know that a 1 pip move on a half a micro lot position is $.5… The point is your first quote you said you were using 1 micro lot… Now you are acting like you said one half a micro lot…
“off course as the leverage is 0 that is mean you are going to trade all your money the 10k or a micro lot
each pip gain or loss=1$”
In that quote you said you were trading 1 micro lot… Now your saying your trading a half a micro lot… you need to acknowledge that you changed what you are saying.
i don`t realy need to change anything
keep the idea of trading gbp/usd for your self. its yours
the idea of the plan was to show some smart ppl over here, what the difference between trading and gambling
i think the one who want to understand have already understand.
now you go make a solid poker playing plan like my trading plan
or go get some sleep like what i am going to do.
however you realy need to educate your self about trading spot forex market, take my advice or leave it.
“off course as the leverage is 0 that is mean you are going to trade all your money the 10k or a micro lot
each pip gain or loss=1$”
In that quote you said you were trading 1 micro lot… Now your saying your trading a half a micro lot… you need to acknowledge that you changed what you are saying.
Thank you for correcting me. I am new to this Forum. My thoughts are that FX Trading is informed gambling. This applies to all financial trading. We don’t generate anything. Rather immoral really.
I would agree with you that it is informed gambling, to speculate on this market for profit. As for it’s ethical validity, that’s a personal belief… Only you can answer that. The forex market exists because it is necessary, if it is necessary then it generates something of value to the global economy… Sure nothing tangible is produced, but nothing tangible WOULD be produced without a means to exchange currencies to buy imports and sell exports… Everyone participating in the market, even those looking to make a profit, serve in it’s purpose…
The only way gambling is like Forex is when you get someone counting cards in black jack
In short, no, trading is not like gambling at all. Sure, there is a 50/50 chance if you make money or not, however good traders make sure they rig that chance and get it up to about 90/10
Was that suppose to be a form of taking a dig at me?
People can continue thinking trading is informed gambling, however all it is, is just can excuse to soften the blows to their ego when they are losing trade after trade. What they don’t realise is good traders are right a lot of the time over many years.
Something which isn’t replicated in any other form of gambling very often.
one of our friends expect that the USD will appreciate so he buy USD.
anthor friend (the rich one) want the USD to appreciat so he buy all what the mareket offer to sell.
the rest of our friends bet on the USD some of them expect the USD to apprecaite and some others expect the USD to deppreciate.
so they gample about it they did not really involved in any market process( buying or selling) just gambling.
at the end USD has deppreciated
our first friend lose alittle but he still have his USD amount.
the second friend has lose more but still have his USD amount.
the rest of our friends some of them lose and some of them win, the one who lose have nothing left, because he/she did not really involved in a real investment, its only a pure guess.
paticipating in a market process (buying-selling) is moral.
speculating the market in most cases is moral.
gambling on the market not to buy or sell just a bet with money, is immoral.