or… you are MISUNDERSTANDING IT and they can both be true, have you considered that ?
I understand, but what is PROPERLY
by WHO’S DEFINITION is it PROPER
clearly babypips can never explain something that EVERYONE will understand… not a chance.
they can only hope to reach out to the majority
you clearly are not understanding it , i think you are looking at it too specifically, to be honest.
No… WE are not
i think @falstaff said that, i might be wrong, but i think it was him that used the word BET
Me personally , i don’t see it as a BET or a GAMBLE
but again… we now get into this conversation of who defines the words BET and GAMBLE in what way
and how is PROPER defined
bottom line, everything is your own point of view, at times you may share a common point of view with other people.
at times you may PARITALLY share a common point of view
i don’t see forex and trading (if done correctly) like going to a casino and GAMBLING in the traditional sense of the word
Now. let me give 2 points of views here
Point 1 - guy walks into a bar … hehe
no… Guy walks into a Casino… yes, a casino…
walks up to a blackjack table , PUT MONEY DOWN TO PLAY 1 HAND
this can be interpreted as A BET also as a Wager, technically you could call it a trade
so we also need to consider THE ENVIRONMENT in which we are speaking
is a BET necessarily bad… NO IT’S NOT
but me personally , i do not mentally like to associate gambling with trading, so i avoid words that are used in casino with trading. now, thats my thing… ok
you can develop your own thing
i think when falstaff says bet, maybe you are interpreting a bit different
you see, you’ll here BET a lot on binary Sites
Now… forex and binary are not exactly the same thing and the risks are far different
but, if you look at it like “Trading is not gambling” the someone on a Binary Site says… “i’m placing a bet” then Falstaff says , I’m placing a bet
you then put 2 and 2 together and say "oh… well… forex then must be a gamble"
then you associate that with a casino
and that leads to another thing and you eventually get to a frame of mind that says, if you put money down on forex, there is no way you will win
WHICH IS INCORRECT
so… you are going too far with this and you are misinterpreting a lot of it, that’s the problem.
but i could also say this to an electronics engineering student
Because of the nature of electricity , it is very useful
and then… the guy goes on a job site and touches two wrong wires and dies…
how is that useful you might ask hehe
Mate, you need to take things with a grain of salt
and you need to understand that the advice in the course IS GENERAL ok GENERAL BASIC ADVICE
just like Mathematics… YOU ARE GIVEN A SET OF BASE RULES TO FOLLOW
then… HOW YOU APPLY THOSE RULES IS UP TO YOU
you can use mathematics to calculate your wages
you can use mathematics to work out how many pounds of weed you have in your plantation and how much money that will bring you when you sell it on the street
clearly the latter is better Just kidding
but, you get the point right…
yes… but again, THIS IS GENERAL ADVICE
it depends how you look at it
DEFINE… I’M TRADING WITH [FILL IN THE BLANK]
now , if you mean, there are other people in the market… then yes, there are
if you mean are you directly trading with them… No you are not, but then you could be hehe
you are directly interfacing with a computer… THAT’S WHO YOU ARE TRADING WITH
and the computer aka / The Broker, finds someone to fill the other side of the trade, or the broker may take it or he may find a third party to take it … it depends.
where did you get that from ?
how are there no middlemen hehe
Your Broker is the Middle man between you and the interbank network… see. MIDDLEMAN