Would you agree with my theory?

Discussion in 'Forex' started by BlackAdder, May 23, 2007.

  1. The Market is like a casino.

    Some traders act like the "house".

    The language of the "House" is support and resistance.

    Leverage is a useful means of attracting the "punters" and later helps to fleece them.

    Almost all technical analysis tools only serve to distract from the important aspects of the game.
  2. Joab



    The forex broker IS the house he takes the other side of 90% of your trades.

    Ask yourself why !
  3. Good point about the brokers, but I wasn't referring specifically to the forex market.

    I think the points I've outlined apply to futures, options and equities alike.
  5. grazia_s


    Brilliant rebuttal...most trader do think it's like gambling and they forget that they can lose more than they bet thanks to leverage...they then blow up their accounts and blame their brokers
  6. I didn't say that markets were a casino, only that they were like (meaning similar) a casino.

    Some TRADERS act like the house because they have an advantage. Miss dealings of brokers & MMs are addressed on other threads.

    With the first two points clear, my other points speak for themselves.