I assume we do all this for money but...

[Arteinvivo]

Hi,

I have this question in my mind and can't find a good answer. Maybe you can help...

VB is an art and a science. If someone wants to achieve consistant results and make good profit, i presume he will certainly need to put a lot of effort and you will never stop to learn. So in a sense, it's a skill rooted in science where the final destination is to make money.

If we compare VB to trading which domain do you think is easier to master ? I don't mean to live the life of the shameless but to live correctly say 60 to 80K/Year ? Would you think both are equal in terms of effort one would need to deploy to achieve this level or VB is in a class by itself, meaning it's very tough and the chance to succeed are almost null.

P.S. you need to take into account that roulettes are not placed every where but you can trade with a computer from almost anywhere.

Thanks for your opinion.

[Kelly]

Well i have taken on trading just as much, if not more, than roulette. The problems and benefits is exactly as you lay them out. There are far between the tilted wheels with a good scatter and once you find them, you stick out like a red light when you start winning.  I still go 3 - 5 days a month where take out 1/4 of the bankroll from trading and bring it to the tables.

The advantage from roulette is that the return in % of the wagered money is way higher than it is on trading.  You can sometime stumble over a good trade that yields 10 - 15% on total bank, but that happens maybe 1 - 2 times a year. The rest you will be fighting with 1 - 2% edge by using support resistance areas, indicators, news tickers, tape reading, money management etc. You name it. In roulette, you can pretty often walk with 50 - 100% in profit and on average + 8 - 12% long term per day. You can`t do that in trading.

Advantage play and trading has the same benchmarks in skills that you need to be able to master if you don`t wanna be run over. Anyone who douts that, should open a free demo account somewhere and trade for a month and tell me how much money is left. If any. 

The effort to be an average trader is just as scary as learning VB.  Looking at charts in retrospect sometimes makes you believe that its a market where you can make money anytime.  Thats why i want any newbee to start with a free demo account. He will probably be in chock after 3 days thinking, damn im glad that weren`t real money........

[Worm]

Hi 
Trading just scares the shit out of me..Prefer Baccarat anyday of the week 

[Arteinvivo]

The effort to be an average trader is just as scary as learning VB

I thought you would say trading is much easier than VB. The least we can say is that Trading is much more accessible than VB.

One thing i have realised since i begun trading is that some persons like to use complex framework with lots of indicators while you can achieve the same thing using less complex frame of reference. I find trading the FX market much easier than the Stock market. There are many typical traits or patterns in the FX market you can exploit every day. With small time frames i don't use indicators not even a moving average.

Trading just scares the shit out of me..Prefer Baccarat anyday of the week

This is the opposite in my case. If your sole revenu would come from this activity alone you would not think that Baccarat is a safe bet.

[Kelly]

VB is diffycult for 2 reasons. The understanding of how it works and the skills to perform it.  You might be able to read and understand the physics of rolling up a spin backwards, that doesn`t mean you can multitask with your eyes, brains and inner clockwork, working in 1/10th of seconds when watching a wheel that moves with 12 pockets pr second.

Trading is diffycult because there are not many really good guidelines that will work all the time. Many times its a mix of indicators, price action and news ticker. Really good indicators are the RSI and also the ADX though. You don`t need more than those 2 to make money.  MA is helpfull, but not a must. The hardest thing is the dicipline to carry out the strategy in real life, even though it might be written down in black and white.  Many times i have found myself staying in a winning position when i knew i should close it, just because i had a gut feeling that my position would turn even better, just to find myself breaking even or even turning into a losing position instead of staying with my strategy. If there is an exit point, STICK TO IT.  If all indicators including price action indicates that the trade is about to turn against you, GET OUT AS PLANNED.

I haven`t tried the Forex, maybe i will some day. I kind of find the stock market interesting so for now i will stay with that.

[Arteinvivo]

I remember quite well at the beginning i wanted to apply what i knew about roulette or bac to Trading. How wrong was i. With trading you can plan your trade. Something we can't do with Roulette when you don't use VB.

[Worm]

Dont get me wrong here Arteinvivo, I´m not saying Bacc are easier to manage then Trading just that i like betting more

[Worm]

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