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.
I have read your post and found it really nice and interesting. I am totally agree with you and would like to say thanks to you that you share this post here with us.
You can either go long or go short, so it's basically gambling. Can you attempt to improve your odds of winning? Sure you can. Like read the trends like the card readers do. Like draw them fancy charts. You are still gambling. Gambling. Gambling, yeah.
Aleku82: No, to Martingale your way through anything is hardly good money management. (Or any variation of Martingale...) Keep it up and let me know when it goes bust. ;) If you win on level trading, then you are winning.
The OP in this thread wanted to know if Forex trading was gambling according to his religious beliefs. And, yes it is... That's why some brokers have special accounts for muslims.
Discribe your strategy please. I think, all strategies whiere makes more than 10%/month, is high risk and will bust. Some young traders have a very good time, but not for long. They comes, and bust here accounts, fewer or later. This type of traders are much, here and anywhere. Whatever, this traders we show in the mass of traders, who continious loose.
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