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Author Topic: Casino vs. Stoc,Forex&Crypto Broker: Who's Really Playing You in the Money Game  (Read 2984 times)
virasog
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March 23, 2024, 05:09:30 PM
 #201

It is the same like a job. As you say - if the job becomes boring why you continue to work? The same is with gambling as a job. The difference is that you get fixed salary for the job and can plan how to spend you money and in gambling you can lose 1-2 weeks and get big money after 3 weeks. It makes you to think in another way and you have to use money management not only for gambling but for all you life. Also you must have some money reserved. The gamblers i know have such reserve for 3-4 months of living.

Well, I would not compare gambling with the job as both are different from the basis. In your job, you will not spend the money or invest any money and at the end of the month, you will get a fixed salary. In a job, there is no concept of a loss.

This is totally the opposite as in gambling you need to invest your money first and then make or lose money from it. The more you invest, the more money you can lose or win as it depends upon the luck. Also, there are many other differences like jobs are totally skill based. Without skills, no one will hire you but gambling does not need any skills. You only need to have money to risk and you can gamble.

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March 23, 2024, 05:29:15 PM
 #202

It is the same like a job. As you say - if the job becomes boring why you continue to work? The same is with gambling as a job. The difference is that you get fixed salary for the job and can plan how to spend you money and in gambling you can lose 1-2 weeks and get big money after 3 weeks. It makes you to think in another way and you have to use money management not only for gambling but for all you life. Also you must have some money reserved. The gamblers i know have such reserve for 3-4 months of living.

Well, I would not compare gambling with the job as both are different from the basis. In your job, you will not spend the money or invest any money and at the end of the month, you will get a fixed salary. In a job, there is no concept of a loss.

This is totally the opposite as in gambling you need to invest your money first and then make or lose money from it. The more you invest, the more money you can lose or win as it depends upon the luck. Also, there are many other differences like jobs are totally skill based. Without skills, no one will hire you but gambling does not need any skills. You only need to have money to risk and you can gamble.
Completely agree with you, though not all jobs are skill based, for example, the job of a cleaner is not skill based, the job of a gate man is not skill based, and coming back to white collar jobs, what about a fresh graduate who hasn't acquired any skill or working experience, how do they get hired?, it is sometimes a bit difficult but they still get hired by the end of the day, and from there, they start building their skills.

And yeah, just like you have said, it is completely wrong to compare gambling to a job, there are completely different and don't have don't cross path in any form, generating income from a job can be guaranteed, but generating income from gambling is not guaranteed, and just as you have said, job only requires investment of one's time and energy or brains, depending on the type of job, then the person gets paid by the end of the month, while gambling requires investment of not just money, but also one's time, and brains, depending on what type of game the gambler is playing, and even at this, the gambler will still need to be lucky to win, else, it's still going to end in a loss, shows that there is no guarantee of any kind in gambling.

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uchegod-21
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March 23, 2024, 07:43:59 PM
 #203

You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?
While trading forex, I had a very ugly experience with one broker called exiness. I mean they literally drained me. I never knew brokers have other ways of exploiting or let's say, extorting us. I wasn't taught so. I was taught that brokers make money from commissions and fees but I bet you there are alot more to that. Someone who introduced me to Forex trading later told me to switch to another broker. I did and the loses minimized. It is then I understood that even brokers can be a good reason you win or lose a trade. Select your brokers very well if you wish to be successful on a long run in cryptocurrency trading. If it is possible avoid them totally.

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March 23, 2024, 09:49:24 PM
 #204

.

And yeah, just like you have said, it is completely wrong to compare gambling to a job, there are completely different and don't have don't cross path in any form, generating income from a job can be guaranteed, but generating income from gambling is not guaranteed, and just as you have said, job only requires investment of one's time and energy or brains, depending on the type of job, then the person gets paid by the end of the month, while gambling requires investment of not just money, but also one's time, and brains, depending on what type of game the gambler is playing, and even at this, the gambler will still need to be lucky to win, else, it's still going to end in a loss, shows that there is no guarantee of any kind in gambling.
It's completion out of place to compar gambling to to a skill Jon, because a job is a profession because we have so.e professional jobs and unprofessional jobs which are call minal job at times, but same can't be hard of gambling and in gambling is either you win or lose its a game of chances and also unrealistic and unreliable which make it out of skills, and we can't fine any gambler that can call himself a skilled gamblers because at some point we don't have such in gambling.

Well we make some statements as trading be some form of gambling even though that is not 100% true and trading can still accommodate some level of skills and strategies which can not be apply in gambling so comparing both still can not stand, we have to face it that gambling is risk involved and no matter your experience you can never win over the house and any attempt to do so can only end you in more loses than winning at the end.

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March 25, 2024, 06:02:36 AM
 #205

It is the same like a job. As you say - if the job becomes boring why you continue to work? The same is with gambling as a job. The difference is that you get fixed salary for the job and can plan how to spend you money and in gambling you can lose 1-2 weeks and get big money after 3 weeks. It makes you to think in another way and you have to use money management not only for gambling but for all you life. Also you must have some money reserved. The gamblers i know have such reserve for 3-4 months of living.

Well, I would not compare gambling with the job as both are different from the basis. In your job, you will not spend the money or invest any money and at the end of the month, you will get a fixed salary. In a job, there is no concept of a loss.

This is totally the opposite as in gambling you need to invest your money first and then make or lose money from it. The more you invest, the more money you can lose or win as it depends upon the luck. Also, there are many other differences like jobs are totally skill based. Without skills, no one will hire you but gambling does not need any skills. You only need to have money to risk and you can gamble.
It is true only if you get fixes salary. But if you have some business you always spend your money and don`t sure will you have profit in the end of the month or not. The same is for freelancers, traders for example. There are lots of situation when you work hard and don`t sure that will get money for it.
But it is true that "to work in the gambling" is not for all and it differs from other jobs.

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March 26, 2024, 05:42:23 AM
 #206

It was difficult. I prepared for it for 2-3 months. I`ve got some money for start, rested, searched information, prediction groups, etc. It wasn`t fast decision like "tomorrow i become a gambling winner". And it was hard to wake up several times per night, stop everything and wait nice odds, for live bets. The result was nice, but i thought that it would be possible to combine the main job, the betting, my family and hobbies. Yes, i could get more money from some other job, or spend it time in some another way, but it was an experiment and i think that it was successful. But i don`t think that i would like to repeat it till i`m working.

This is clearly a great experiment.  Especially if you even managed to make money. 
Now, if any of the novice players are reading this topic and your posts, then it is quite possible to say that such an experiment with gambling should be regarded as the best gaming behavior.
 And it is clear that it was difficult.  It’s also difficult because the brain is constantly busy remembering bets and related related information.  Even in the middle of the night when you wake up. 
But still, this experience is a fascinating journey into the world of gambling.  Fortunately, the trip turned out to be successful and interesting, which does not happen to all gamblers.
The main thing i want to say that it is possible to get money from gambling but it is not easy money as somebody thinks.

But the same time we can`t say that  you can`t get stable profit from gambling. And when i say "stable" i don`t mean "everyday" - but every month must be profitable.
If they think its impossible to earn money on gambling then why they continue to gamble if those people know they would just lost their money in the end whatever efforts they try? Its useless to gamble that way and saying we gamble for fun is just an excuse since all want to win at some point.

We can possibly earn if we have fulfillment on something we earn and can appreciate even if what we receive is small amount. But if they are greedy enough to extend for thinking that they could able to win more then do gamble in bad way then for sure that they will never be successful nor earn something in return for doing this. We maybe can't get stable profit on gambling but at least we have a chance to take out our profit.
I think that a lot depends on the player himself and his psychological portrait. 
If he starts gambling with the feeling that it is work, then it seems to me that such a feeling is much worse than just a relaxed state and the desire to just have fun in his free time. 
Here in the topic there is a mention that in the monthly cycle it would be good to have a constant profit from gambling.  However, in order to achieve such a result, I think you need to have such gaming experience that it amounts to a year or more of intense work with these very gambling games.  So you still need to complete this sort of “gambling university” in order to really be successful.  Well, those who play a little will most likely never be able to achieve such results. 
And he will consider and even sincerely believe that his loss is payment for the pleasure he received from gambling.  In my opinion, this is also a good option for complacency and psychological comfort for the player.

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March 26, 2024, 01:16:54 PM
 #207

I think that a lot depends on the player himself and his psychological portrait. 
If he starts gambling with the feeling that it is work, then it seems to me that such a feeling is much worse than just a relaxed state and the desire to just have fun in his free time. 
Here in the topic there is a mention that in the monthly cycle it would be good to have a constant profit from gambling.  However, in order to achieve such a result, I think you need to have such gaming experience that it amounts to a year or more of intense work with these very gambling games.  So you still need to complete this sort of “gambling university” in order to really be successful.  Well, those who play a little will most likely never be able to achieve such results. 
And he will consider and even sincerely believe that his loss is payment for the pleasure he received from gambling.  In my opinion, this is also a good option for complacency and psychological comfort for the player.
It is really different types of gambling. If you play for fun you get positive emotions from the process of gambling. It is nice for relax, even if you lose some money. Of course i`m talking about gambler without problems with the game. When you try to get stable profit - you don`t cares about the game, you just look at the stats, at the game, at the odds and decide to bet or not. Without any emotions. In such case positive emotions you get from the result only.

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March 27, 2024, 06:24:16 AM
 #208

I think that a lot depends on the player himself and his psychological portrait. 
If he starts gambling with the feeling that it is work, then it seems to me that such a feeling is much worse than just a relaxed state and the desire to just have fun in his free time. 
Here in the topic there is a mention that in the monthly cycle it would be good to have a constant profit from gambling.  However, in order to achieve such a result, I think you need to have such gaming experience that it amounts to a year or more of intense work with these very gambling games.  So you still need to complete this sort of “gambling university” in order to really be successful.  Well, those who play a little will most likely never be able to achieve such results. 
And he will consider and even sincerely believe that his loss is payment for the pleasure he received from gambling.  In my opinion, this is also a good option for complacency and psychological comfort for the player.
It is really different types of gambling. If you play for fun you get positive emotions from the process of gambling. It is nice for relax, even if you lose some money. Of course i`m talking about gambler without problems with the game. When you try to get stable profit - you don`t cares about the game, you just look at the stats, at the game, at the odds and decide to bet or not. Without any emotions. In such case positive emotions you get from the result only.
And just this result can either make you happy or seriously upset you if you lose.  In addition, the very thought of losing will haunt you for some time even after you finish your unsuccessful game that day.  Here we should rather talk about negative emotions from gambling.  But all this, of course, is the case if you have already begun to approach and treat such games as work.
 If you play for your own pleasure, then the thought that losing is a payment for the emotions received from the game is not so difficult and destructive for the player’s psyche and passes quite quickly.

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Assface16678
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March 27, 2024, 08:09:10 AM
 #209

You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?
While trading forex, I had a very ugly experience with one broker called exiness. I mean they literally drained me. I never knew brokers have other ways of exploiting or let's say, extorting us. I wasn't taught so. I was taught that brokers make money from commissions and fees but I bet you there are alot more to that. Someone who introduced me to Forex trading later told me to switch to another broker. I did and the loses minimized. It is then I understood that even brokers can be a good reason you win or lose a trade. Select your brokers very well if you wish to be successful on a long run in cryptocurrency trading. If it is possible avoid them totally.
Exactly!! That's why I stop trading in forex because no matter how good your prediction is or even if you are following a prediction, there is something in those broker apps. I don't want to mention it, but based on my experience using 3 different forex brokers, I still don't have any luck. Yes, I earn, but the thing is, it's so hard to even win a single trade in a day. So, as I noticed, I stopped right away and focused on crypto trading. Crypto trading is much more secure, and you will be assured that no one can manipulate or trick you. Your only enemy is how you execute your trade in the market.

I don't know if I have a similar bad experience or the same opinion about forex trading, but as I read your comment, it proved that I'm not alone. I have a similar comment about forex trading.

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March 27, 2024, 09:14:28 AM
 #210

It is the same like a job. As you say - if the job becomes boring why you continue to work? The same is with gambling as a job. The difference is that you get fixed salary for the job and can plan how to spend you money and in gambling you can lose 1-2 weeks and get big money after 3 weeks. It makes you to think in another way and you have to use money management not only for gambling but for all you life. Also you must have some money reserved. The gamblers i know have such reserve for 3-4 months of living.

Well, I would not compare gambling with the job as both are different from the basis. In your job, you will not spend the money or invest any money and at the end of the month, you will get a fixed salary. In a job, there is no concept of a loss.
you only need to do the task and you will already earning money and that is the concept of job in which you are also correct
mate this is how we don't wanted to absent for the reason of not having risk chances.


Quote
This is totally the opposite as in gambling you need to invest your money first and then make or lose money from it. The more you invest, the more money you can lose or win as it depends upon the luck. Also, there are many other differences like jobs are totally skill based. Without skills, no one will hire you but gambling does not need any skills. You only need to have money to risk and you can gamble.
Hardly to admit this reality but  yeah gambling is where we spend and risk and mostly loses our payments from job .

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March 27, 2024, 10:00:35 AM
 #211

It is really different types of gambling. If you play for fun you get positive emotions from the process of gambling. It is nice for relax, even if you lose some money. Of course i`m talking about gambler without problems with the game. When you try to get stable profit - you don`t cares about the game, you just look at the stats, at the game, at the odds and decide to bet or not. Without any emotions. In such case positive emotions you get from the result only.
And just this result can either make you happy or seriously upset you if you lose.  In addition, the very thought of losing will haunt you for some time even after you finish your unsuccessful game that day.  Here we should rather talk about negative emotions from gambling.  But all this, of course, is the case if you have already begun to approach and treat such games as work.
 If you play for your own pleasure, then the thought that losing is a payment for the emotions received from the game is not so difficult and destructive for the player’s psyche and passes quite quickly.
Of course i`m disappointed when i lose, especially the first times. Sometimes i get "lose strike" for 2-3 days. It is even possible that i can lose the week(2 weeks ago the result was -$150). But after several such situations you understand that it is just a part of a job. It is the same with the trading - you can`t win all the deals. Today i don`t care about the day/week result - just continue doing my job.
PS. As i said, now i bet only when i have free time and it disappoints me much more, today i play like common gambler and miss lots of profit.

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promise444c5
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March 27, 2024, 10:14:06 AM
Last edit: March 27, 2024, 08:33:00 PM by promise444c5
 #212

It is really different types of gambling. If you play for fun you get positive emotions from the process of gambling. It is nice for relax, even if you lose some money. Of course i`m talking about gambler without problems with the game. When you try to get stable profit - you don`t cares about the game, you just look at the stats, at the game, at the odds and decide to bet or not. Without any emotions. In such case positive emotions you get from the result only.
And just this result can either make you happy or seriously upset you if you lose.  In addition, the very thought of losing will haunt you for some time even after you finish your unsuccessful game that day.  Here we should rather talk about negative emotions from gambling.  But all this, of course, is the case if you have already begun to approach and treat such games as work.
 If you play for your own pleasure, then the thought that losing is a payment for the emotions received from the game is not so difficult and destructive for the player’s psyche and passes quite quickly.
Of course i`m disappointed when i lose, especially the first times. Sometimes i get "lose strike" for 2-3 days. It is even possible that i can lose the week(2 weeks ago the result was -$150). But after several such situations you understand that it is just a part of a job. It is the same with the trading - you can`t win all the deals. Today i don`t care about the day/week result - just continue doing my job.
PS. As i said, now i bet only when i have free time and it disappoints me much more, today i play like common gambler and miss lots of profit.
You missed a lot of profits as how??
Were you more of a  gambler that gambles more often before??
If yes, there's  only one view to this that you make more profits when you're still gambling more often than now that you are doing it only at your leisure  time.
So what's your point?? do you think  gambling  more often brings more fortune  because  I knew higher percentage  of people that gambles more often get addicted,thus losing more than they should have lost
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March 27, 2024, 08:22:07 PM
 #213

It is really different types of gambling. If you play for fun you get positive emotions from the process of gambling. It is nice for relax, even if you lose some money. Of course i`m talking about gambler without problems with the game. When you try to get stable profit - you don`t cares about the game, you just look at the stats, at the game, at the odds and decide to bet or not. Without any emotions. In such case positive emotions you get from the result only.
And just this result can either make you happy or seriously upset you if you lose.  In addition, the very thought of losing will haunt you for some time even after you finish your unsuccessful game that day.  Here we should rather talk about negative emotions from gambling.  But all this, of course, is the case if you have already begun to approach and treat such games as work.
 If you play for your own pleasure, then the thought that losing is a payment for the emotions received from the game is not so difficult and destructive for the player’s psyche and passes quite quickly.
Of course i`m disappointed when i lose, especially the first times. Sometimes i get "lose strike" for 2-3 days. It is even possible that i can lose the week(2 weeks ago the result was -$150). But after several such situations you understand that it is just a part of a job. It is the same with the trading - you can`t win all the deals. Today i don`t care about the day/week result - just continue doing my job.
PS. As i said, now i bet only when i have free time and it disappoints me much more, today i play like common gambler and miss lots of profit.
You miss a lot of profits as how??
We're you more of a  gambler that gambles more often before??
If yes, there's  only one view to this that you make more profits when we're still gambling more often than now that you are doing it only at your leisure  time.
So what's your point?? do you think  gambling  more often brings more fortune  because  I knew higher percentage  of people that gambles more often get addicted,thus losing more than they should have lost
Once you do gamble then dont make yourself having that kind of expectation that you could really be able to have that sure win or profitable run on which we know that this isnt something a guarantee.
If you do saw that you are already losing up so much money then why would really be tending to continue? We do know that this is something that cant really be that avoided considering that we are dealing on something which is really that for leisure or fun or simply dealing up with games. Doesnt matter on which one you would really be trying out to deal or get involved with. Basing up into the selection about casinos vs stocks and forex brokers on how these fellas do make money? It is really indeed an easy money for them but we do know that they've been trying out to established these businesses for their benefit.

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delfastTions
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March 28, 2024, 06:49:10 AM
 #214

It is really different types of gambling. If you play for fun you get positive emotions from the process of gambling. It is nice for relax, even if you lose some money. Of course i`m talking about gambler without problems with the game. When you try to get stable profit - you don`t cares about the game, you just look at the stats, at the game, at the odds and decide to bet or not. Without any emotions. In such case positive emotions you get from the result only.
And just this result can either make you happy or seriously upset you if you lose.  In addition, the very thought of losing will haunt you for some time even after you finish your unsuccessful game that day.  Here we should rather talk about negative emotions from gambling.  But all this, of course, is the case if you have already begun to approach and treat such games as work.
 If you play for your own pleasure, then the thought that losing is a payment for the emotions received from the game is not so difficult and destructive for the player’s psyche and passes quite quickly.
Of course i`m disappointed when i lose, especially the first times. Sometimes i get "lose strike" for 2-3 days. It is even possible that i can lose the week(2 weeks ago the result was -$150). But after several such situations you understand that it is just a part of a job. It is the same with the trading - you can`t win all the deals. Today i don`t care about the day/week result - just continue doing my job.
PS. As i said, now i bet only when i have free time and it disappoints me much more, today i play like common gambler and miss lots of profit.
You miss a lot of profits as how??
We're you more of a  gambler that gambles more often before??
If yes, there's  only one view to this that you make more profits when we're still gambling more often than now that you are doing it only at your leisure  time.
So what's your point?? do you think  gambling  more often brings more fortune  because  I knew higher percentage  of people that gambles more often get addicted,thus losing more than they should have lost
Once you do gamble then dont make yourself having that kind of expectation that you could really be able to have that sure win or profitable run on which we know that this isnt something a guarantee.
If you do saw that you are already losing up so much money then why would really be tending to continue? We do know that this is something that cant really be that avoided considering that we are dealing on something which is really that for leisure or fun or simply dealing up with games. Doesnt matter on which one you would really be trying out to deal or get involved with. Basing up into the selection about casinos vs stocks and forex brokers on how these fellas do make money? It is really indeed an easy money for them but we do know that they've been trying out to established these businesses for their benefit.
From your story that you play only occasionally and, based on your experience and knowledge, you can even make a small profit in the long term, apparently you can be called a professional player. 
Therefore, the fact that you get upset when a streak of failures haunts you should be a very minor emotion of yours and should pass quite quickly and, in general, not really harm the normal course of everyday life events.  If this is so, then we can probably say that you have reached this most optimal state of a gambler, when in general the game begins to bring a little pleasure and even bring profit in the long run.  And in doing so, your self-restraint on your gambling will ensure that you never become an addicted gambler who needs outside help to recover.

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mak013
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March 28, 2024, 01:18:49 PM
 #215

Of course i`m disappointed when i lose, especially the first times. Sometimes i get "lose strike" for 2-3 days. It is even possible that i can lose the week(2 weeks ago the result was -$150). But after several such situations you understand that it is just a part of a job. It is the same with the trading - you can`t win all the deals. Today i don`t care about the day/week result - just continue doing my job.
PS. As i said, now i bet only when i have free time and it disappoints me much more, today i play like common gambler and miss lots of profit.
You missed a lot of profits as how??
Were you more of a  gambler that gambles more often before??
If yes, there's  only one view to this that you make more profits when you're still gambling more often than now that you are doing it only at your leisure  time.
So what's your point?? do you think  gambling  more often brings more fortune  because  I knew higher percentage  of people that gambles more often get addicted,thus losing more than they should have lost
You can read my previous posts, i wrote everything you ask, so i`ll answer only the last question.
I don`t believe in fortune. I don`t believe that someone can get some stable profit from casino games. I`m sure that it is possible to get stable profit from sport betting, and it can be big enough to be the main income. At least i`ve got stable profit more than medium salary in my country. It is difficult enough and not every gambler can repeat it. If you want to get enough money for life from gambling you must spend a huge quantity of time searching information, analyzing it and trying to find nice odds.

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EarnOnVictor
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March 28, 2024, 03:02:48 PM
 #216

You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?
While trading forex, I had a very ugly experience with one broker called exiness. I mean they literally drained me. I never knew brokers have other ways of exploiting or let's say, extorting us. I wasn't taught so. I was taught that brokers make money from commissions and fees but I bet you there are alot more to that. Someone who introduced me to Forex trading later told me to switch to another broker. I did and the loses minimized. It is then I understood that even brokers can be a good reason you win or lose a trade. Select your brokers very well if you wish to be successful on a long run in cryptocurrency trading. If it is possible avoid them totally.
Sorry about your bad experience with trading using a traditional broker's platform, that's why we should know the kind of broker we are opting for. Actually, the name of that broker is not "exiness" but Exness and I do not think it is as bad as you tagged it. I had dealt with it many years back but left not because I had any issue with them but because they are a Market Maker type of brokerage and I do not like such a brokerage arrangement in my trading principle. However, the way you complained about it shows that you do not know much about trading and you did not even tell us what the broker did wrong actually but just alleged, which is not fair. And based on my experience when traditional brokers are compared to the exchanges, including Binance which is the most popular, the traditional brokers are still fairer than them for the fear of regulators as most exchanges are Bucket shops unless you guys do not know the evil they are stylishly perpetrating.

Above all, if Exness did not scam you entirely, then it might be some fees you did not know existed which could be the Swap (Rollover charges). Though I do not know the exact allegation since you never added it, this is plainly not an exploitation if that is the case. It's in the agreement you signed.

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promise444c5
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March 28, 2024, 08:26:08 PM
 #217

You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?

Of course brokers are making money on every trade you make. That’s their business. If they were gambling on trades to make money, then it would be safe to assume that at some point they would lose big possibly effecting the balances of their customers. It’s easier to take a small piece of all the action then to try and gamble for a bigger piece. That benefits nobody.
Yeah definitely, 
Brokers make their  profit from our market executions and its  fine to me I don't  dispute it as they need to keep their company running  and get some profits but truly they take it far sometimes instead of making  it minimal  so I wouldn't support  them either
 
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March 28, 2024, 08:51:25 PM
 #218

You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?

It is simple. The work of brokers is simply to provide liquidity for assets people want to buy and sell as quick as possible, they simply charge for the convenience of providing the quick and seamless swap between assets, it is a fee which they earn regardless of the conditiom of the market, because it only depends on the volume and not the value of the assets themselves in the last 24 hours or so. That is how market makers make money, or at least most of them.
I would dare to say that without the existence of brokers, the global markets would not be the same whatsoever and it could take several hours for us to carry out a single transaction, so I personally do not see anything wrong with the role of brokers and market makers, s long as they do not use their position to manipulate the market on purpose or get involved in any malpractice, then they are as legitimate to me as any casino would be.

Also, unlike brokers. Casino do not completely depend on the volume of gambling but also a little bit on the luck of their gamblers. Brokers do not benefit from it in the same way.

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Webetcoins
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March 29, 2024, 05:38:23 AM
 #219

In general, I don’t really understand people who treat gambling as their job. 
Everyone knows that the work of any person can bring satisfaction and at some moments become boring and very annoying, especially when you are simply tired of work.  And gambling, if it begins to irritate you, then why continue to play with one stupid and stupid thought of winning back the lost money.  A smarter player understands perfectly well that in such a state it is almost impossible to win back. 
So it turns out that working in gambling is a complete stupid thing that not very smart people do.  And ahead of them there is only disappointment.
It is the same like a job. As you say - if the job becomes boring why you continue to work? The same is with gambling as a job. The difference is that you get fixed salary for the job and can plan how to spend you money and in gambling you can lose 1-2 weeks and get big money after 3 weeks. It makes you to think in another way and you have to use money management not only for gambling but for all you life. Also you must have some money reserved. The gamblers i know have such reserve for 3-4 months of living.
What if the gambler doesn't win big money even in the third week? And what if he continues trying and doesn't manage to win anything big for more months than they have reserves for? What next? Everything is gone, all you have left is regrets and nothing else. So, a gambler needs to understand that gambling is not something they should rely on, even if you have reserves for months, you can exhaust it all and still not manage to earn anything.

Gambling shouldn't be considered like a job or a source of income, people who consider gambling a source of income regret it sooner or later, so new gamblers should learn from the experiences of old gamblers who tried the same thing and failed in it and they should change their perception about it.

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March 29, 2024, 06:34:36 AM
 #220

In general, I don’t really understand people who treat gambling as their job. 
Everyone knows that the work of any person can bring satisfaction and at some moments become boring and very annoying, especially when you are simply tired of work.  And gambling, if it begins to irritate you, then why continue to play with one stupid and stupid thought of winning back the lost money.  A smarter player understands perfectly well that in such a state it is almost impossible to win back. 
So it turns out that working in gambling is a complete stupid thing that not very smart people do.  And ahead of them there is only disappointment.
It is the same like a job. As you say - if the job becomes boring why you continue to work? The same is with gambling as a job. The difference is that you get fixed salary for the job and can plan how to spend you money and in gambling you can lose 1-2 weeks and get big money after 3 weeks. It makes you to think in another way and you have to use money management not only for gambling but for all you life. Also you must have some money reserved. The gamblers i know have such reserve for 3-4 months of living.
What if the gambler doesn't win big money even in the third week? And what if he continues trying and doesn't manage to win anything big for more months than they have reserves for? What next? Everything is gone, all you have left is regrets and nothing else. So, a gambler needs to understand that gambling is not something they should rely on, even if you have reserves for months, you can exhaust it all and still not manage to earn anything.

Gambling shouldn't be considered like a job or a source of income, people who consider gambling a source of income regret it sooner or later, so new gamblers should learn from the experiences of old gamblers who tried the same thing and failed in it and they should change their perception about it.

absolutely mate you are right Many people around the world think that gambling can manage the situation or sustain their daily needs but in reality it is not the same and the outcome is not the same too as we all know that everyone of us here if we rely on gambling then we will failed . Failed because our money can not sustain our daily needs gambling is not a job that you can get money if you were working bit in gambling even though everyday, every hour or Every minutes we can not say say that we will win.

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