Not gambling

Nov 09, 2020 at 14:51
2,284 Views
44 Replies
Member Since Jul 07, 2021   41 posts
Aug 03, 2021 at 07:26
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.
Member Since Mar 28, 2021   617 posts
Aug 03, 2021 at 16:25
@mab8 yes forex trading is no way a gambling. But many people end up gambling due to not having enough skills and experience and knowledge.
Member Since Oct 02, 2019   24 posts
Aug 04, 2021 at 17:07
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.
Member Since Mar 28, 2021   617 posts
Aug 04, 2021 at 18:19
@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.
Member Since Aug 04, 2021   2 posts
Aug 04, 2021 at 18:38
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 =)
Member Since Jul 19, 2020   751 posts
Aug 05, 2021 at 05:32
@Akasuki Yes having a big capital is not enough to make money in the forex market. You need skills and experience to make money here. Without skills, you can lose any amount of money.
Member Since Nov 02, 2020   57 posts
Aug 18, 2021 at 07:39
Certain skills can be acquired if you start trading on a demo account, this will protect you from stupid mistakes.
Member Since Apr 03, 2021   470 posts
Aug 22, 2021 at 23:07
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.
Member Since Nov 03, 2020   65 posts
Aug 23, 2021 at 07:33
Some brokers set a minimum deposit, and he is young enough of him to start trading with him, so I'll tell you with Amarkets, where is he, $ 100.
Member Since Aug 24, 2020   11 posts
Aug 31, 2021 at 19:21
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.
Member Since Aug 10, 2021   178 posts
Sep 01, 2021 at 00:56
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.
Member Since Sep 01, 2021   2 posts
Sep 01, 2021 at 13:16
don't gambling in trading
Member Since Aug 05, 2021   401 posts
Sep 02, 2021 at 03:14
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.
Member Since Mar 15, 2019   82 posts
Sep 02, 2021 at 05:33
It annoys me when people call trading gambling......
All or nothing
Member Since Dec 05, 2019   17 posts
Sep 08, 2021 at 18:30
Gambling forex leads to the total loss of the deposit and dispair. This should be treated as the ultimate truth like smoking is harmful for your health.
Member Since Jul 09, 2019   33 posts
Sep 09, 2021 at 07:02
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.
Member Since Aug 19, 2021   12 posts
Sep 11, 2021 at 11:37
What do you enjoy doing? Maybe start from there. Lots of things will earn you money, but it may as well be something you enjoy. And something that’s consistent.
Member Since Nov 26, 2020   11 posts
Oct 07, 2021 at 18:19
Gambling will definetely lead to the absolute loss of money in the long run. Successful trading implies consistency and sensbbble approach to making decisions.
Member Since Jul 19, 2020   751 posts
Nov 06, 2021 at 12:19
@Grimatio Yes forex market is not for gambling. Here one needs skills, knowledge and experience to be successful. It takes years of dedication to be skilled in trading.
Member Since Jul 23, 2020   759 posts
Dec 07, 2021 at 22:23
It can be if you have no discipline.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.