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Forex is not like gambling
Nov 30, 2020 at 07:28
Member Since Jul 19, 2020
749 posts
Forex is not like gambling. I have taken trading as a business and a business isn't a betting it is about speculation. Different traders intentionally or unwittingly consider trading to be betting. Thusly they wind up losing their cash. We should see it as a business.
Member Since Aug 17, 2020
121 posts
Nov 30, 2020 at 09:26
Member Since Aug 17, 2020
121 posts
You are right. Many people come to trading with the mindset of a gambler and then claim forex isn't profitable because they lost. But speculation is something that requires skill and a kind of mental strength, it is a lot more nuanced than gambling.
Member Since Jul 23, 2020
816 posts
Member Since Mar 17, 2021
494 posts
Jul 08, 2021 at 23:29
Member Since Apr 03, 2021
437 posts
Yes, forex is business and not gambling, but depending on yours as an account holder, if want to work as a gambling trader you can bet in the forex market based on luck only, and forex trading is not based on luck, it required experience, knowledge patience, forex trading is high-risk business but not as gambling.
Jul 09, 2021 at 05:16
Member Since Jul 07, 2021
40 posts
Forex trading is not gambling, despite the common misconception some people have. Yes there is money involved, and tehre are losses from time to time. But traders know the importance of taking things seriously, try to understand the market and see what is happening in terms of trends, evaluate risks, and have a plan. It also relies a great deal on building your knowledge and while a little luck might be there, in truth it is all about a trader's experience, great care, knowhow and patience too.
Member Since Mar 16, 2021
447 posts
Aug 05, 2021 at 14:13
Member Since Jul 19, 2020
749 posts
@LukeRachel Yes forex is not gambling but many treat it like gambling. As a result, they do not able to make regular profit. They lose more than they win.
Member Since Mar 16, 2021
447 posts
Aug 11, 2021 at 01:38
Member Since Mar 16, 2021
447 posts
UweMoench posted:
@LukeRachel Yes forex is not gambling but many treat it like gambling. As a result, they do not able to make regular profit. They lose more than they win.
Forex trading depends on the investment mindset. The stronger the mindset, the better the profit can be made by analysis.
Member Since Mar 17, 2021
494 posts
Aug 15, 2021 at 08:36
Member Since Mar 17, 2021
494 posts
LukeRachel posted:UweMoench posted:
@LukeRachel Yes forex is not gambling but many treat it like gambling. As a result, they do not able to make regular profit. They lose more than they win.
Forex trading depends on the investment mindset. The stronger the mindset, the better the profit can be made by analysis.
But you also need proper knowledge and skills.
Member Since Mar 16, 2021
447 posts
Aug 15, 2021 at 12:03
Member Since Mar 16, 2021
447 posts
SteveHanks posted:LukeRachel posted:UweMoench posted:
@LukeRachel Yes forex is not gambling but many treat it like gambling. As a result, they do not able to make regular profit. They lose more than they win.
Forex trading depends on the investment mindset. The stronger the mindset, the better the profit can be made by analysis.
But you also need proper knowledge and skills.
Skills and knowledge are a must in trading. How to manage discipline without trading skills.
Member Since Mar 16, 2021
447 posts
Aug 16, 2021 at 13:27
Member Since Mar 16, 2021
447 posts
SteveHanks posted:LukeRachel posted:UweMoench posted:
@LukeRachel Yes forex is not gambling but many treat it like gambling. As a result, they do not able to make regular profit. They lose more than they win.
Forex trading depends on the investment mindset. The stronger the mindset, the better the profit can be made by analysis.
But you also need proper knowledge and skills.
Proper knowledge and skills are required. Moreover, it is not possible to make a profit in trading.
Member Since Aug 10, 2021
172 posts
Member Since Aug 17, 2021
9 posts
Member Since Jul 26, 2021
26 posts
Aug 17, 2021 at 11:33
Member Since Jul 26, 2021
26 posts
Yes, different
but I would say that there is something similar to poker game, where you need to have skills and knowledge in order to calculate possible combinations.
The market offers a much more extensive set of combinations, if I can write so. And so planning your trade and using proven "combinations" is some way to streamline the trading.
but I would say that there is something similar to poker game, where you need to have skills and knowledge in order to calculate possible combinations.
The market offers a much more extensive set of combinations, if I can write so. And so planning your trade and using proven "combinations" is some way to streamline the trading.
Aug 17, 2021 at 14:47
(edited Aug 17, 2021 at 14:48)
Member Since Aug 14, 2014
1 posts
In a nutshell, trading forex is putting the odds(if u will) in your favor same as being able to count cards at the card table, and if you get caught (and you will sooner or later) you will be escorted out and your picture will be on the board in many Casinos. The line is not thin between Forex and Gambling. Ask yourself, does the Casino ever allow you to put the odds in your favor to win or Beat the House? I don't think so!!! "Drop the Mike"

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