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Forex is not like gambling

CocoChannel
Sep 29 at 11:20
33 příspěvků
According to me, forex trading is taken as gambling by those who consider it a quick money making machine while there is nothing like gambling in the forex market, the only thing which works here is knowledge and skills.

UweMoench
Sep 29 at 13:40
647 příspěvků
@croisssan Yes. Also they do not have necessary knowledge and skills. If a person has enough knowledge about Forex trading, he won't treat it like gambling.

CraigMcG2020
Sep 29 at 14:49
166 příspěvků
CocoChannel posted:
According to me, forex trading is taken as gambling by those who consider it a quick money making machine while there is nothing like gambling in the forex market, the only thing which works here is knowledge and skills.


Agree with this but also its probability with the math in our favour. We have a statistical edge once it is played out over a number of trades we will be up. Similarly big betting companies arent 'gambling' they know in the long run they will be profitable due to statistics

skihav
Sep 29 at 18:12
371 příspěvků
It really makes no sense to compare these two industries. As for me, the conclusions can be drawn even without much analysis.

RobertFerrari
Sep 29 at 19:35
224 příspěvků
CocoChannel posted:
According to me, forex trading is taken as gambling by those who consider it a quick money making machine while there is nothing like gambling in the forex market, the only thing which works here is knowledge and skills.

Yes. You are absolutely right.

Tradextol
Oct 01 at 06:33
57 příspěvků
Anyone can go to a casino and play with their money on their luck. While trading requires strategizing and complete market research, without which trading is impossible.

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