trading is not a game

dear friend me app ki baat se agree kerta hun forex trading ek game nahi balke ek risky online business hai jiss mein earning kerne ke lye hamen iss ko proper learn kerna perta hai

G han app ne sahi kaha ha hmen is business ko game nahi kahan chahe ye aik real online business ha or ye aik asa business ha jis ko hm aik real business smjhty hain tu hmen acha profit hasil hota ha is se isi liye hmen is ko aik game nahi kahan chahe

yes offcourse i am agree with you jo log training k bagair forex trading karte hen woh hamesh loss karte hen phr kehte hen forex trading asha business nahi he aur jo log training lekr karte hen woh log hamesha proit earn krte rehte hen

G han app ne sahi kaha ha hmen is business ko game nahi kahan chahe ye aik real online business ha is ko hm agr game kahty hain tu hmen kafi loss ho skata ha is business me isi liye hmen is ko game nahi kahna chahe ye aik real online business ha

Veteran trader Scott Andrews explains why he trades on high expectancy and high probability setups and shares why he got the nickname, "The Gap Guy."

ROB: We often hear that trading is a game of probabilities. I'm here with Scott Andrews, and you've said to me before, we want to trade on a probability basis, not on a possibility basis. Can you tell me what the difference is?

SCOTT: Sure. Well, a lot of traders starting out, they're reading charts, very discretionary, and every turn in the market looks like a possibility, possibly a good trade, right, so I used to be one of those traders and that's just not the truth. There are possibilities but you're just not going to make any money trading that way, so I really migrated over the years to evaluated set-ups, identifying when I have a set-up that I evaluate from multiple angles, multiple different views of the market, multiple time frames, multiple look-back periods. If they're in alignment, then I have a probability based notion for trading that trade, so like how the weatherman, they use ensemble forecasting, right, so I live on the East Coast, North Carolina, we have a lot of hurricanes and you can watch the swathe that they paint of where the most probable paths of a hurricane, so I'm doing essentially the same thing.

I'm trying to determine what's the most probable course for the market on a given day using multiple models, so that's a probability based view instead of putting a trade on that may be a 50/50 trade, which by the way I call those inflexion trades. You can make a lot of money on those, right, but for me personally I stay away from the 50/50 trades. Even though they can have a high expectancy, you're risking one to make three, 50/50 trade you make a lot of money over time. The problem with those trades for me is that I get into cycles where if you trade over, say, 100 trades at a 50/50, you're going to have eight, nine, or 10 losers in a row. It's not only possible, it's probable, and for me psychologically that starts messing with my head. I start deviating from my rules, tightening the stop a little bit, tightening the target, and all of the sudden I'm off path, so it doesn't work well for me. I like to try high expectancy set-ups and high probability set-ups.

ROB: Do you have a set-up that's your favorite?

SCOTT: Yeah, I've sort of got the corny nickname the gap guy a long time ago. I trade the opening gap. It's probably the only set-up, it's the only set-up I know that has a mean reverting bias during the course of a day that you can count on. It's a high frequency trade so it occurs every single day, almost every single day you have a good setup, and it has a 70% chance of reverting back from the open to the close of the prior day, and that's just about any equity market, so the indices and all the individual stocks, so you have the wind at your back, per se.

ROB: Well, we'd all like the wind at our back in the markets these days. Thanks, Scott.

Trading is the not the a game of the pakistan forex forum my agar as a game type kam karty ho to ap is my best

mere pyare doston main aap ko bata deta hon k forex trading ko trading samjh kar trading karen game samjh kar karoo ge to nuksan ho ga

yes dear friend ap bilkul sahi keh rhy ho bilkul esa he hy trading koi game nahi hy balky ye ak business hy ic main hamin profit or loss ho skta hy....

forex ko kuch log game samjte han lekn forex game nai ha ,,business ha aur is ma boht achi profit b kama sakte ha is lye boht achi business ha..agar ham forex hardwork nai kiye tu forex hamen game ki tarah lagta ha..is lye forex ko serious lena chayhe ta k kam karna easy hojae...

dear aysa he hy forex mai trading aik business hy jo k ap ko acha faida de gii jab ap es mai acha mehnat se kam karo gy tu lehaza ap ko seekhna ho ga aur smjhna ho ga es business ko ta k ap aage chal kar acha faida hasil kar skao...

ji han bhia forex ik busiess hai is main koi game nahi is main ham game ka na sochain or ismain real business ki teha is main kam kerin or is main passay banain

nhe dear aisa nhe hota hai ye aik business hai and har busienss mai humay profit and loss hota he hai issi wja say ye kaam itna asan nhe hota hai humay is kaam mai ziayda tar loss ka samna hojata hai tw humay sab say pehle apni trading ki base bnani parti hai us k baad he hum is kaam ko ache say samj sakte hai

yes bro apnay teak kaha hai k trading aik game ni hai q k yai online buisness hai koi gamling ni hai islia forex ko pahly seakna chai q k yai koi game ni hai hamain kisi teacher say seakna chai aur phr demo account par work krna chai

forex ki trading aik business hai na kay koi game is liye is ko samjhadari kay sath seekhein aur apni best strategies ko apply kar kay aik ache earning receive karein phir he apki life change ho sakti hai.