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Forex is not like gambling

Nov 30, 2020 at 07:28
78 Replies
Suradi (FXOday)
Member Since Apr 03, 2021   470 posts
Sep 29, 2022 at 01:08
Forex is real business, buying and selling currency using another currency called pairs. Gambling relying upon luck and is fully speculative. Trading forex needs knowledge and understanding the psychological market. Forex is not gambling but high risk high gain business.
Member Since Sep 29, 2022   27 posts
Sep 29, 2022 at 09:04
Some people don't see games in games either. It's just a way to make money. Forex is like any other business. With its risks and losses, luck and profit. In general, I believe money can be made on everything without exception.
Member Since Feb 15, 2022   219 posts
Sep 30, 2022 at 14:06
Forex is an unstable and uncertain market where the risk takes a birth from this uncertainty. As an financial market, it’s quite natural that there will be upturn and downturn.
Member Since Feb 16, 2022   63 posts
Oct 01, 2022 at 11:52
For long-term trading, you need strong market analysis. Internal and external market knowledge is essential.
Member Since Sep 06, 2022   26 posts
Oct 04, 2022 at 11:06
Trading requires a mindset and skills that can be used in the best possible way, the results of which depend on the market conditions and the trader who trades. In gambling, however, there are no skills and only a mindset (filled with hope and false beliefs), and the results of gambling depend on the house (the house always wins), and the gambler has to lose. Trading is fair, while gambling is mostly unfair.
Member Since Sep 14, 2022   40 posts
Oct 07, 2022 at 07:43
Trading is not gambling, traders use various strategies and tools to increase their chances of winning and be ahead of the market by studying and practically understanding the market by logic unlike gambling.
Member Since Sep 13, 2022   16 posts
Oct 10, 2022 at 08:27
Forex trading is more like a logical speculation that is done after careful analysis of the market situation. Traders have a well defined strategy and risk management plan that they follow while trading and this is not something that a gambler would do. Forex trading is like a serious profession for me as I always work towards improving my skills as a trader to attain long term success.
Member Since Sep 13, 2022   8 posts
Oct 19, 2022 at 09:16
Forex trading is not a game of chance. The foreign exchange market is a market where currencies are traded. Forex trading can make you wealthy if you are a hedge fund with big pockets or an incredibly adept currency trader. It is, nevertheless, far riskier than internet gambling. Accepting forex as a business rather than a game will allow you to make better decisions and learn how to construct effective trading techniques. You must have a lot of knowledge and be up to date on what is going on in the globe to do this. The trick to working in silence is to be patient. It's not like playing a slot machine.
Member Since Aug 06, 2022   17 posts
Oct 31, 2022 at 12:36
Bannock posted:
Forex is a complex financial instrument that can be beneficial to both the individual and businesses. However, it should not be confused with gambling, which is a form of betting on the outcome of games. In Forex, traders buy and sell foreign currencies against other currencies, which can lead to profits or losses.
Well said!
Member Since Sep 09, 2022   9 posts
Nov 03, 2022 at 09:33
Forex trading will never be a gambling game for a trader who has a good amount of fundamental and technical knowledge on how to take up and execute trades profitably. Logical calculations and effective strategies will be combined with trading psychology while trading rather than luck.
Member Since Aug 02, 2022   22 posts
Dec 26, 2022 at 09:49
Gambling is nothing but a game of luck. And trading is a noble profession which requires knowledge, skills and expertise to begin with. You have no control over your wins and losses in gambling. But you can decide how much you will lose by managing the risk in forex trading. A forex trader will pay at most attention to risk management and market analysis which is not something a gambler does.
Adam (Glossy)
Member Since Aug 10, 2021   18 posts
Dec 27, 2022 at 17:55
If you don't know how to trade and analyze the market, trading turns into a casino.
Suradi (FXOday)
Member Since Apr 03, 2021   470 posts
Dec 27, 2022 at 23:49
For traders, forex is not gambling but this is real business that required good knowledge and skills to making profit from difference price movement, however in forex market there are big speculator trying to bet in the market.
Member Since Nov 29, 2022   40 posts
Dec 29, 2022 at 05:56
Short answer: No!

A successful forex trader makes informed decisions based on market analysis and economic conditions. And this doesn’t happen as luck. While trading does involve some element of risk, forex traders use strategies and risk management techniques to help mitigate potential losses and improve results.
Member Since Mar 09, 2023   1 posts
Mar 09 at 18:55
I completely agree with this statement
Forex trading is not about blindly placing bets and hoping for the best.
Member Since Jul 29, 2021   33 posts
Apr 28 at 20:53
Trading is not gambling per se, but it is also dangerous for the ignorant and definitely much more demanding in terms of skills.
Member Since May 08, 2023   23 posts
May 13 at 00:37
If a person trades for excitement or social proofing reasons, rather than in a methodical way, they are likely trading in a gambling style. If a person trades only to win, they are likely gambling. Traders with a 'must-win' attitude will often fail to recognize a losing trade and exit their positions. That is the difference between a trader and a gambler.
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