Forex market is a casinos,anyone agrees with it?
By liming
@liming (114)
China
March 2, 2007 7:32am CST
Since the price varies nearly randomly. I know many guys will not agree with it. They believe there is a trend and they can grasp this trend. But the market full of scam and man-made price chagnge, the whole effect on traders is equal to a random casino. The brokers can really make money. From a long time period, a trader is difficult to win. Just like in casino, the boss opening casinos will get rich. For gamblers, few can succeed.
In economical field, the "effective market" theory believes the price changes randomly if the information of market is fully grasped by all members at the same time. Of course, this precondition may be not right, but a nearly-random price change may practically occur.
3 people like this
3 responses
@cristi12 (378)
• Romania
2 Mar 07
It's good to be aware of the dangers of trading. When you trade, you should have a good trading strategy, as well as a good understanding of fundamental analysis ( news trading ). But equally important is your timing. If you know that a market event is coming up, you should plan your trading accordingly. There is no point in taking unnecesary risks. I think that's why most people see the market as a big "casino". Sure it's just one big rope, with a bunch of people pulling on each side, but that dosen't mean that you always have to be on the loosing side. :)
