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It is one thing to know, and another to comprehend. The difference is rational, informed thinking. I can sort of understand poor people playing lottery, if fo
by lmilcin 6y ago
It is one thing to know, and another to comprehend.
The difference is rational, informed thinking.
I can sort of understand poor people playing lottery, if for a relatively small cost they buy a thrill of checking the results every day even if they net loose the money because they buy less than equal part of large prize.
It is entirely another thing to do the same for living and offer products to those people knowing full well they are unlikely to satisfy their need.
These people may "know" they run risk of loosing their money but do not "comprehend" this is not a productive way to get rich.
And I suspect in part it may be kind of "cargo cult" in that they observe rich people gambling on exchanges but they do not understanding that this is effect rather than cause of their wealth.
Somebody should tell people that, rather than wasting time and money gambling on forex they would be better off taking a book and learning something useful.
- viklove 6y agoSo, what is a productive way to get rich? Spending 40+ years grinding the ladder seems as much of a longshot as betting on forex.
- lmilcin 6y agoI would say "not throwing away money" is a good start. Seriously, if you don't have some kind of exquisite knowledge playing on Forex is basically the same as gambling. If you read any stories about people who got wealthy, making good use of your money, time and focus is a constant theme.
- andi999 6y agoAlso, it has to be a gamble, since the market is wide open. If there were a 'simple trick' you could easily put it in an algorithm and one of the big guys would just let their computers do it with unlimited funds.
- viklove 6y ago> If you read any stories about people who got wealthy, making good use of your money, time and focus is a constant theme. If you read any stories about people who got wealthy, being born into wealth is a constant theme. The question is how do you get there without winning the rich parents lottery? > if you don't have some kind of exquisite knowledge playing on Forex And how do you get knowledge about forex? Maybe by trading small amounts of forex?
- nikanj 6y agoLottery ticket buyers by hope. They feel, perhaps rightly so, that their lives will never substantially improve. The US has a very ruthless system, where you can't get a better job without a degree, can't afford to go to school because high rents, etc. Lots of people feel like they're stuck at a dead end, and winning the lottery is the only reasonable way out.