Originally Posted by
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Hello,
I'm comparatively new to Forex and got to it kind of through the backdoor: I work for an European firm and got paid in European currency. In addition, I have stock/options in the company that has been sold in Europe. I needed to be careful if I took the money over to the US so I did not loose over the exchange rate. After some time I thought: There must me money inside this somehow and ended up finding the Forex trade!
I am beginning to get the image: Trading Forex is not Get Rich Now unless you have a lot of luck, fortune which then might have been spent almost as well in a casino. I'm going for the small daily wins that adds up over time, just like I do with my wages evey month! Small losses, small wins, but more of the latter compared to the first have been my initial goal, and it's working out so much better. I may be too careful, but heck, it's my money and I do not want to throw out it unless there is a fair chance it will bring about a bit more profit than investing it everywhere will.
But I keep seeing people say trading Forex nothing but gaming in several areas, even stered around this forum. If that's the case major banks are basically gaming with peoples money? Banks are as far as I understand pulling huge profits from Forex trading every year. Why is it allegedly gaming for me but not for them? I guess they could exchange otherwise and with more resources than I do. However, in the long run they need to be able to see to the future just like anyone else to turn a profit. They can not only be better gamblers than I'm, can they?