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Is forex gambling?

lastpiponearth
Feb 11 2014 at 08:14
37 posts
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.

Silverthorn (Silverthorn)
Feb 11 2014 at 08:29
268 posts
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 😞

You can't spend open trades.
enicolasgomez
Feb 14 2014 at 12:33
23 posts
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.

yohana (yohana)
Feb 17 2014 at 13:32
95 posts
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 :)

The weakest creature in the world is a human. It's a reason why the human always develop anything to make them stronger. I am here is just for share, not teaching anyone :)
pinoyito (pinoyito)
Mar 01 2014 at 09:30
2 posts
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...

lastpiponearth
Mar 01 2014 at 12:47
37 posts
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...

halalfx (halalfx)
Mar 02 2014 at 18:54
10 posts
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.

I trade where the opportunities are and I take what is given
thefxtrad (thefxtrad)
Mar 03 2014 at 12:04
7 posts
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.

Trade what you see, not what you think.
umar707 (umar707)
Mar 03 2014 at 16:13
9 posts
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).

Practice makes a man perfect.
Onyebuchim
Mar 04 2014 at 15:23
6 posts
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

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