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Forex trading is not gambling
Členem od May 06, 2023
46 příspěvků
May 19, 2023 at 07:43
Členem od May 06, 2023
46 příspěvků
Forex trading is often misunderstood as gambling, but it's important to recognize the distinction between the two. Unlike gambling, forex trading is not purely based on chance or luck. It's a form of investment that involves analyzing market trends, understanding economic indicators, and implementing strategies to make informed trading decisions.
Successful forex trading requires continuous learning, staying updated with market news, and developing analytical skills. Traders need to study charts, patterns, and factors that influence currency fluctuations. Risk management is also crucial in forex trading, as traders aim to minimize potential losses and maximize profits.
While there are risks involved, many individuals have achieved financial success and stability through forex trading. It can be a viable profession or a supplementary source of income for those who have dedicated time and effort to master the necessary skills.
Successful forex trading requires continuous learning, staying updated with market news, and developing analytical skills. Traders need to study charts, patterns, and factors that influence currency fluctuations. Risk management is also crucial in forex trading, as traders aim to minimize potential losses and maximize profits.
While there are risks involved, many individuals have achieved financial success and stability through forex trading. It can be a viable profession or a supplementary source of income for those who have dedicated time and effort to master the necessary skills.
The market always has unpredictable fluctationes,risk management is always the number one priority
Členem od May 19, 2023
3 příspěvků
May 24, 2023 at 13:42
Členem od May 19, 2023
3 příspěvků
Forex trading is a professional market place to trade currency , its your own issue how you handle this place as business or gambling.
Členem od Apr 26, 2023
33 příspěvků
May 26, 2023 at 22:25
Členem od Apr 26, 2023
33 příspěvků
But i saw many people do it as part time like few hours a week. How is that?
Členem od Aug 19, 2021
246 příspěvků
Jun 13, 2023 at 13:33
Členem od Aug 19, 2021
246 příspěvků
Everyone who says that forex is gambling usually traders who tried it, lost money and got frustrated. These people did not study the market, did not analyze, and so on. Lol.
Členem od Apr 26, 2023
25 příspěvků
Jun 13, 2023 at 18:01
Členem od Apr 26, 2023
25 příspěvků
You hit the nail on the head! Forex trading is often mistaken for gambling, but it's quite different. Unlike gambling, forex trading requires knowledge, analysis, and strategy. It's about making informed decisions based on market trends and economic factors
Členem od Aug 19, 2021
246 příspěvků
Jun 27, 2023 at 14:37
Členem od Aug 19, 2021
246 příspěvků
Oh gambling also requires certain skills and strategies. Lol. But excitement in forex is possible only for people with a certain mentality.
Členem od May 22, 2017
85 příspěvků
Jul 13, 2023 at 14:07
Členem od May 22, 2017
85 příspěvků
Depends on the outlook. if you want the rush of gambling you can have it from the markets in overall.
If you are looking to make money out of it you will need to know the difference between gambling and taking a business risk.
Are you guys in for the rush or to make money?
If you are looking to make money out of it you will need to know the difference between gambling and taking a business risk.
Are you guys in for the rush or to make money?
F*** it we ball!
Členem od Apr 26, 2023
33 příspěvků
Jul 14, 2023 at 23:21
Členem od Apr 26, 2023
33 příspěvků
I prefer to spend more time but be more sure about the result of what I'm doing right now
Členem od Jul 10, 2023
6 příspěvků
Jul 17, 2023 at 11:37
Členem od Jul 10, 2023
6 příspěvků
EmilyLee posted:I see nearly no similarities between trading and gambling. In trading, you follow the news, analyze, check the history of the instrument that you are interested in, adjust your risk management strategies accordingly, and then proceed forward.
Forex trading is often misunderstood as gambling, but it's important to recognize the distinction between the two. Unlike gambling, forex trading is not purely based on chance or luck. It's a form of investment that involves analyzing market trends, understanding economic indicators, and implementing strategies to make informed trading decisions.
Successful forex trading requires continuous learning, staying updated with market news, and developing analytical skills. Traders need to study charts, patterns, and factors that influence currency fluctuations. Risk management is also crucial in forex trading, as traders aim to minimize potential losses and maximize profits.
While there are risks involved, many individuals have achieved financial success and stability through forex trading. It can be a viable profession or a supplementary source of income for those who have dedicated time and effort to master the necessary skills.
In my opinion, it is a pretty narrow-sighted point of view to accept them as similar.
Eat, sleep, trade, repeat!
Členem od Jun 27, 2023
7 příspěvků
Jul 17, 2023 at 12:14
Členem od Jun 27, 2023
7 příspěvků
Forex trading isn't gambling. While gambling relies on chance and luck, forex trading involves analyzing market trends, economic factors, and making informed decisions based on real data. Traders use strategies, research, and risk management techniques to potentially profit from currency fluctuations. It's a skill-based activity that requires knowledge and analysis, rather than relying solely on luck or chance
Členem od Jul 19, 2023
9 příspěvků
Jul 20, 2023 at 22:07
Členem od Jul 19, 2023
9 příspěvků
Forex trading ain't no roll of the dice or a game of chance. It's all about analyzing the market, understanding the trends, and making calculated moves. It's a skill, a strategy game where you can totally flex your financial muscles and make those sweet profits.
Členem od Mar 26, 2017
7 příspěvků
Jul 22, 2023 at 09:19
Členem od Mar 26, 2017
7 příspěvků
Forex trading is a gambling because of leverage, margin call and account limitations with odds manipulations.
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