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Forex is not like gambling

UweMoench
Nov 30 2020 at 07:28
482 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.

DoraWalletInvest
Nov 30 2020 at 09:26
123 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.

Tiffany07
Nov 30 2020 at 11:04
31 posts
Of corse! Forex trading involves identification of patterns and trends and is based on logic whereas gambling is just luck.

Michihito
Nov 30 2020 at 11:37
298 posts
Yes trading is not gambling. But unfortunately many traders treat it like gambling. They are not willing to develop skills. They trade mostly blindly. As a result they lose money all the time.

LyudmilLukanov
Nov 30 2020 at 14:19
465 posts
Gambling is for short time success. You need skill and strategy for long time success.

SteveHanks
Jul 08 at 13:47
235 posts
LyudmilLukanov posted:
Gambling is for short time success. You need skill and strategy for long time success.

I agree with you. You need proper knowledge to survive in this market.

ridarida (ridarida)
Jul 08 at 18:03
13 posts
no not gambling .... u have to have the right indicators working on a good time frame .... trust me

FXOday (FXOday)
Jul 08 at 23:29
87 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.

mab8
Jul 09 at 05:16
29 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.

Tremblay
Jul 09 at 08:36
330 posts
mab8 posted:
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.

Yes. You are right.

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