Forex trading is not gambling, but forex is a risky business, how to make money in forex trading required special skills to become a profitable trader, they need to improve good trading strategy, good money management, and also0 strong psychology trading, if trader working forex trading like as gambling, they can rely upon luck only.
It is important to relaise that forex is in no way related to gambling. They are different because even though you use money you are investing in forex, and not playing around with it as you would when gambling.
I wish I would be so rich that I'll treat forex like gambling. Forex is the market which exists according to certain laws, so, it is an open secret that there are many unpredictable things on happen in forex, but it doesn't mean that it cannot be calculated and predicted.
Landakus posted: I wish I would be so rich that I'll treat forex like gambling. Forex is the market which exists according to certain laws, so, it is an open secret that there are many unpredictable things on happen in forex, but it doesn't mean that it cannot be calculated and predicted.
it's predicted? say this to RUB or Turkish lira =)
Akasuki posted: @Landakus No matter how much money you invest, how big your capital, if you are not enough skilled, eventually you will lose all the money. That's how it works.
Yes, the most important is skill trading, if we have good skill, hence start from low capital, gradually will increasing money day to day, but indeed not always we can make profit every day, sometimes loss too, if not yet ready to start using big money, better start with small money until we have the capability to increasing money.in forex trading.
Forex gamblers are really weird people. I do understand gamblers in Las Vegas (at least they get free drinks), they have some fun (which I don't understand) and they end up with no money in their pockets. However, they still had fun. As for trading, I have no idea, how can one derive pleasure from following the charts for several hours in order to blow their budget.
Trading forex is not a game of chance. However, many people see it as a gambling business. With this trading strategy, they can take risks, but they will never prosper in life. Forex traders must maintain some basic rules and regulations in order to become successful. As gamblers do not have these rules and regulations in their strategy, they cannot be successful traders.
Trading feels much safer to me than gambling since decisions can be based more on factual evidence. I know there is still guesswork involved but resources can help us to double check and those that understand the markets have more chance of success.
Forex trading looks like gambling but it is not. It is a real business. In a gambling, we don’t know what we are doing but in business, we understand properly that what we are doing. Gambling follows luck but business follows practice and experience.
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