EU’s Brexit man Michel Barnier standing shoulder to shoulder with Ireland
- Irish issues are EU issues
There’s truth in that as Ireland can do naff all without a nod from the EU overlords 😉
It’s Friday, so be on alert for the weekend headline risk that’s reaered its head the last two weeks. We may see some profit taking later on today.
Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
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Hello Ryan a little question always springs up in my mind
“Ryan is Forex trading gambling ? As we know that in Forex trading someone win money always when someone on the other side loss money is this money is from someone else money ? For Example I am selling eurusd and you are buying eurusd…If market will go down I Will make cash and you will loss money…Is This concept of Forex trading…??? Is our earned money from the loss of another person money ? This is very important question for me plz reply soon…From where our profit come and where our losses money go ?
Hi Ali
In a way it is gambling because we are putting our money on the “outcome” of a price moving either up or down. It’s a pure 50/50 bet, which is why it’s different to odds at a casino or race track.
Where it’s different from gambling is that we have the opportunity to lower our risk so that we can control how much we might lose. The market also moves on other factors like fundamentals, so if we know the strong fundamental trends, we can ‘lean’ with those and know which way trading is more risky, long or short.
As far as your second question. We are never directly taking a profit or loss from someone else. There’s billions of transactions being done everyday by all sorts of different people, so not all of them are speculative. Yes there are winners and losers but we can never define a trade where I win and take money directly off you. To be honest, It’s not something I ever worry about, as my only concern is whether I win or lose. We are not, nor should feel responsible for the other side of our trades.
Ok Thanks hence it’s not gambling when we know what we are doing…