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Author Topic: Gox trading  (Read 1358 times)
whitedragon
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May 13, 2013, 06:39:43 AM
 #41

Well speculating on price moves is basically gambling Smiley And especially with currency and without any options etc to hedge bets and have stop loss possibilities. So betting on wild swings is a so-so model Smiley

Trading (speculating) is NOTHING like gambling...and that attitude is why most people don't succeed at it.  I've been a forex trader for 4 years.  I guarantee you I couldn't pay my bills for 4 years by sitting at a roulette table in Vegas 5 days a week.

Also, you have plenty of options to hedge your "bets"...what's to stop you from buying on BTC-e and selling at the same time on Bter?  Or Gox?
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