Is forex gambling?

And may I add mr. pro if you say its traders vs. brokers in one of your previous posts then does that all brokers are market makers? I thought they were slowly but surely rolling out NDD brokers out there. Some claim to be NDD, ECN, DMA but upon closer scrutiny are not NDD, ECN or DMA but market maker bucket shops. But I am not sure, please enlighten us.

forexpipcatcha posted:
I could but I don't follow dogs so you can fly to where your dreams are to another place. I will do as I want where I want and you can troll elsewhere Ironface 😀
And the name to this forum shouldn't be experienced traders it should be experienced losers lol and that's one field your an Elite in.

Beer is very good 😁 But not so good mixed with trading 😕
Being a smart ass know it all is not so good but seems to mix very well with trading 😞

Ironman posted:
Well, a few things need to be corrected at once.

1. There is no God... Not of any kind. If there was, why would he/she/it let the world be the way it is. Forget it. You'll do yourself a huge favour. According to religions there are over 2000+ gods. One more or less will not make any difference.

2. You will NEVER know in what direction a specific market will go. NEVER. If you enter a trade, it can go EITHER WAY. Period.

So, why isn't this gambling?
If you have a good system, try it for 200 trades. (Some will, of course, disagree with this number.) A good system will, on a Risk/Reward-ratio of 1:1 win 55-80% of the trades. (80 is a LOT.)
If your trial gives you anything lower (on a 1:1 RR), leave it be, and try another.

So, about the gambling...
When you look at it on just one trade, it is gambling. But if you have trialled your system correctly, you'll know that when you set a trade, you'll still win about 60 of 100 trades in the long run, but for that one trade, you have no idea. EVER. ;)

No matter what any system seller tells you...


So, why go Average Joe tell you it is gambling when you ask him? Because he has no clue.
If you want to do some trading, trust your own judgement. The average person will have no idea what you talk about.

Cheers and good luck.

/Tomas

You are contradicting your self.

efata_investasi posted:
Is trading Forex gamble? because so many people often told me that forex is gambling, and if that is gambling then God will never help us with it right? because gamble is forbidden by any of religion in the world right😇?, so there is more loser than a winner on forex business because God dont like this stuff 😁 if you say forex/futures is trading so my question is what trading definition? if there is stuff to buy/sell and involved money right? so forex/futures/index is pure gambling?

Yes, for a gambler.
No, for a trader.
Maybe yes, maybe no, for a newbie :)

Ha ha ha.. forex is ofcourse gambling. forex traders don't want to call themselves gambler because it does not sound very good.. hey if you don't have a capital you cannot bet of forex spread. same as when you go to casino, you cannot place your bet without using you own money. you use your money in exchange of placing your bet. simple... it is gambling... in UK it is consider as gabling.. now , I don't want to be called gambler, I wanted to be called forex traders it sounds professional and it is like music to the ears...

By that logic all capital markets are a form of gambling. Speculating for a future price of goods and commodities is gambling even when the law of supply and demand would dictate it. If prices of goods and commodities reflected by their securities are affected by the law of supply and demand then all forms of trading is gambling.

pinoyito posted:
Ha ha ha.. forex is ofcourse gambling. forex traders don't want to call themselves gambler because it does not sound very good.. hey if you don't have a capital you cannot bet of forex spread. same as when you go to casino, you cannot place your bet without using you own money. you use your money in exchange of placing your bet. simple... it is gambling... in UK it is consider as gabling.. now , I don't want to be called gambler, I wanted to be called forex traders it sounds professional and it is like music to the ears...

At the end of the day, GOD will not ask me what you did, nor will HE ask you what I did. If you think it's gambling, you are right, and if you think it's trading, you are right too. It's all in the perspective. It's up to you to decide if you want to gamble or you want to trade.
Peace.

To some extent, because all edges are build on induction.

If your edge is statistically valid, and you are executing it well, then you are more like the casino than the player.

If you trade the market with business mentaliy. Do your analysis in professional and disciplined way. Then no gambling.
I'm learning forex at demo but every trade I hold has emotional feeling to it (shouldn't be).

What is Gambling?
Ans: Gambling is playing a game of chance (betting) to win money. It is taking a risk with the hope of achieving a desired result greater than the amount of the risk taken. The uncertainties cannot be measured because it has no technical nor fundamental principles, foundation or basics.

What is Forex?
Ans: Forex is simply the buying/selling of currencies when certain conditions are met. There are uncertainties and it can be measured, and avoided.

Gambling and Forex have similar traits (RISKS) but they are entirely different. However a Forex Trader can ignorantly or knowingly trade in a gambling manner. See more information and differences between Gambling & Forex: https://fxtradecity.blogspot.com/2013/11/forex-and-gambling.html

Onyebuchim
 
 LOL.. your definition of gambling and forex is the same.. ha ha ha... funny... I always tell children that I am a forex trader because I am ashamed to tell them I am a gambler..

I love forex and I am addicted to it.. funny though, some traders called it investing.. ha ha ha.. investing ? holy smoke, I just laugh at them... Even UK govt consider it gambling and you tell me it is not.. other countries consider it gambling too..

I tell you what investing is, when you invest , you use your money in exchange of something physical that you can control.

like buying a properties , you control the properties after you bought it. buying stocks you have shares, you own part of the company no matter how small or how big your share is. buying a business you own a business you control it. that is investing..

in forex you use your money in exchange of what. placing bet and after all the fundamental and technical analysis you hope and pray it will go your way.. ha ha ha. that is what you call investing.. cmon guys, I am a traders too but be real to yourself you are addicted to it and you guys need help..

Actually what makes this some sort of special case between gambling and trading is the probability of outcome.

In a pure gambling situation your odds of success is purely 50/50. There are exceptional cases in the casino where your odds can be higher than 50/50 but the casino will stop you from continuing.

In fx you can increase the odds in your favor in forex, which makes it a better alternative to gambling. If there was a game in the casino that had higher odds of 50/50 then the casino would just fold up and close business.

Gambling isn't addicting, since no matter how hard you try your luck the probabilities are always similar. With fx, with experience you can improve your probability hence improve your wins/loss and make it higher than 50/50 which no longer makes a gamble.

The question would be if governments, banks and corporations are doing it, what makes it immoral and unethical for the common man not to do the same?

pinoyito posted:
 Onyebuchim
 
 LOL.. your definition of gambling and forex is the same.. ha ha ha... funny... I always tell children that I am a forex trader because I am ashamed to tell them I am a gambler..

I love forex and I am addicted to it.. funny though, some traders called it investing.. ha ha ha.. investing ? holy smoke, I just laugh at them... Even UK govt consider it gambling and you tell me it is not.. other countries consider it gambling too..

I tell you what investing is, when you invest , you use your money in exchange of something physical that you can control.

like buying a properties , you control the properties after you bought it. buying stocks you have shares, you own part of the company no matter how small or how big your share is. buying a business you own a business you control it. that is investing..

in forex you use your money in exchange of what. placing bet and after all the fundamental and technical analysis you hope and pray it will go your way.. ha ha ha. that is what you call investing.. cmon guys, I am a traders too but be real to yourself you are addicted to it and you guys need help..

lastpiponearth posted:
Actually what makes this some sort of special case between gambling and trading is the probability of outcome.

In a pure gambling situation your odds of success is purely 50/50. There are exceptional cases in the casino where your odds can be higher than 50/50 but the casino will stop you from continuing.

In fx you can increase the odds in your favor in forex, which makes it a better alternative to gambling. If there was a game in the casino that had higher odds of 50/50 then the casino would just fold up and close business.

Gambling isn't addicting, since no matter how hard you try your luck the probabilities are always similar. With fx, with experience you can improve your probability hence improve your wins/loss and make it higher than 50/50 which no longer makes a gamble.

The question would be if governments, banks and corporations are doing it, what makes it immoral and unethical for the common man not to do the same?

pinoyito posted:
 Onyebuchim
 
 LOL.. your definition of gambling and forex is the same.. ha ha ha... funny... I always tell children that I am a forex trader because I am ashamed to tell them I am a gambler..

I love forex and I am addicted to it.. funny though, some traders called it investing.. ha ha ha.. investing ? holy smoke, I just laugh at them... Even UK govt consider it gambling and you tell me it is not.. other countries consider it gambling too..

I tell you what investing is, when you invest , you use your money in exchange of something physical that you can control.

like buying a properties , you control the properties after you bought it. buying stocks you have shares, you own part of the company no matter how small or how big your share is. buying a business you own a business you control it. that is investing..

in forex you use your money in exchange of what. placing bet and after all the fundamental and technical analysis you hope and pray it will go your way.. ha ha ha. that is what you call investing.. cmon guys, I am a traders too but be real to yourself you are addicted to it and you guys need help..

as long as you pay spreads your odds are less than 50/50.. when you make spread the odds are with you.. hence price provider/bank/casino always win. no ifs no buts.

its a zero sum game someone wins someone loses, if you win from your 'system' someone is losing, not the price maker (read playing poker in a casino against human opponents where casino just takes a rake over time you all still lose).

ofcourse its gambling, tis why you only play with what you can afford to lose and never bet the ranch.

 

pinoyito posted:
 Onyebuchim
 
 LOL.. your definition of gambling and forex is the same.. ha ha ha... funny... I always tell children that I am a forex trader because I am ashamed to tell them I am a gambler..

I love forex and I am addicted to it.. funny though, some traders called it investing.. ha ha ha.. investing ? holy smoke, I just laugh at them... Even UK govt consider it gambling and you tell me it is not.. other countries consider it gambling too..

I tell you what investing is, when you invest , you use your money in exchange of something physical that you can control.

like buying a properties , you control the properties after you bought it. buying stocks you have shares, you own part of the company no matter how small or how big your share is. buying a business you own a business you control it. that is investing..

in forex you use your money in exchange of what. placing bet and after all the fundamental and technical analysis you hope and pray it will go your way.. ha ha ha. that is what you call investing.. cmon guys, I am a traders too but be real to yourself you are addicted to it and you guys need help..

Hi pinoyito
'UK Govt. consider it Gambling' implies it is regulated under the same control that legalized gambling. Consider and Actual are not the same. When you invest in properties without investigating the future net worth or its depreciation then you're gambling. When the previous housing shocks that rocked the US occured, a lot of investors were affected because some were ill advised and others were greedy. Greed is an entity of gambling.

In Forex you do not bet (However some inexperienced traders do this). You carefully study the currencies looking at real factors: Employment Rate, Political Decisions, Inflation, e.t.c. which would affect the value of the currencies. Then you either buy into that currency because it is going to appreciate or sell it off because it is going to lose its value. You are certain of this. It is the same thing investing on properties because you know or have forcasted that the property would have better value in the future.

In Forex a lot of calculations are done using previous history patterns and others. But in gambling there's no history to base your calculations.

Finally addiction is another entity of gamblers.

chiefdealer posted:

lastpiponearth posted:
Actually what makes this some sort of special case between gambling and trading is the probability of outcome.

In a pure gambling situation your odds of success is purely 50/50. There are exceptional cases in the casino where your odds can be higher than 50/50 but the casino will stop you from continuing.

In fx you can increase the odds in your favor in forex, which makes it a better alternative to gambling. If there was a game in the casino that had higher odds of 50/50 then the casino would just fold up and close business.

Gambling isn't addicting, since no matter how hard you try your luck the probabilities are always similar. With fx, with experience you can improve your probability hence improve your wins/loss and make it higher than 50/50 which no longer makes a gamble.

The question would be if governments, banks and corporations are doing it, what makes it immoral and unethical for the common man not to do the same?

pinoyito posted:
 Onyebuchim
 
 LOL.. your definition of gambling and forex is the same.. ha ha ha... funny... I always tell children that I am a forex trader because I am ashamed to tell them I am a gambler..

I love forex and I am addicted to it.. funny though, some traders called it investing.. ha ha ha.. investing ? holy smoke, I just laugh at them... Even UK govt consider it gambling and you tell me it is not.. other countries consider it gambling too..

I tell you what investing is, when you invest , you use your money in exchange of something physical that you can control.

like buying a properties , you control the properties after you bought it. buying stocks you have shares, you own part of the company no matter how small or how big your share is. buying a business you own a business you control it. that is investing..

in forex you use your money in exchange of what. placing bet and after all the fundamental and technical analysis you hope and pray it will go your way.. ha ha ha. that is what you call investing.. cmon guys, I am a traders too but be real to yourself you are addicted to it and you guys need help..

as long as you pay spreads your odds are less than 50/50.. when you make spread the odds are with you.. hence price provider/bank/casino always win. no ifs no buts.

its a zero sum game someone wins someone loses, if you win from your 'system' someone is losing, not the price maker (read playing poker in a casino against human opponents where casino just takes a rake over time you all still lose).

ofcourse its gambling, tis why you only play with what you can afford to lose and never bet the ranch.

 

Brokers make their earnings through Spreads. Some offer other options like commissions instead of spreads. Insurance brokers make their earnings through premiums. Every financial entity have a form of earnings like this. Whether the price provider, bank, or casino wins is not the issue else the likes of warren buffet wouldn't be in existence. There's a high probability to be successful in Forex but when you gamble then they win.

Rightly its wrong to play with something you cannot afford to lose. But this is applicable in all aspects of life. Read risk policies and disclaimer notice. Casinos do not have them.

straight answer 90% gambler 10% TRADER

If you trade with leverage >1:100, you are a gambler :)

Well, I would say it depends how much of the available leverage you are using.

ProTradersGroup posted:
If you trade with leverage >1:100, you are a gambler :)

Lol. Probably why the US reduce the stake to 1:40