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There are, of course, a associated with traders out there who are employing much cleverer strategies than "Buy and Pray". Could use charts and technical analysis and work their trades on moving averages, Fibonacci lines, Bollinger bands and so on. They might go short occasionally to profit from an expected downward move, but the "Online gambling platform" element is still there - weigh up which direction the stock absolutely need move in, and take a position on that basis.

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However, despite the best foreign exchange trading strategies, a Currency trader can also make losses due on the lack of discipline. Being an analogy, despite the fact that everyone knows that we should stop when the traffic light turns red and only go as soon as the light turns green, but there even now many that try to overpower the traffic light by driving past quickly in the event that the light is black. Similarly, many Forex traders, especially beginners, would be tempted to trade, even once the signals are not right. Aggressiveness is the first losing factor for many Forex people.

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