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Is forex gambling?
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efata_investasi

Mitglied seit May 29, 2012  18 Beiträge Starlabs (efata_investasi) Mar 16 2013 at 09:53
Is trading Forex gamble? because so many people often told me that forex is gambling, and if that is gambling then God will never help us with it right? because gamble is forbidden by any of religion in the world righttwist?, so there is more loser than a winner on forex business because God dont like this stuff lol if you say forex/futures is trading so my question is what trading definition? if there is stuff to buy/sell and involved money right? so forex/futures/index is pure gambling?

Low Risk Medium Profit
sfx_systems

Mitglied seit Mar 03, 2013  321 Beiträge Dirk Schaefer (sfx_systems) Mar 16 2013 at 11:11
Of course it is gambling too. As long as you buy/sell on something what will happen in the future (S/L + T/P) this always is kind of gambling.... but trading is an so much nicer word. And using Indicators and Systems.... Anyweay, doesnt matter what it is its about makin money so who cares. Important thing is to read Disclaimer first

Geht Nich Gibt´s Nich
FxMasterGuru

Mitglied seit May 04, 2012  1607 Beiträge FxMasterGuru (FxMasterGuru) Mar 16 2013 at 16:16
Even the cavemen traded in the caverns...! Mammuth teeth for stone hammer...

So trading might be the oldest activities (professions) of the world, except for another one (which I don't want to name).
Anyway, trading is essential and inherent part of mankind and its history. What is more interesting that nowdays we are selling and buying 'futures' and 'options', which are really weird creatures of the commodity trading world as what is traded with options does not even exist.

Bottom line: risk is also an inherent part of trading, so you can call it gambling, but I prefer to call it 'smart' gambling. For example, if you see a large hurricane on the weather forecast approching a country housing large cocoa fields, then you are smart if you buy cocoa, as the price will go up almost for sure. Well, you still gamble, but smartly.

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
sfx_systems

Mitglied seit Mar 03, 2013  321 Beiträge Dirk Schaefer (sfx_systems) Mar 16 2013 at 18:35
Very well spoken FXMasterGuru

Geht Nich Gibt´s Nich
moerwadi

Mitglied seit Aug 03, 2012  293 Beiträge moerwadi (moerwadi) Mar 17 2013 at 00:34
FOREX is not an gambling act, but could fall to gambling when the perpetrator does not understand how to trade FOREX, either did not understand graphs, curves, indicators, trends, economic conditions, etc.
Forex can be said to be gambling if we open a position without first analysis, this is called 100% chance.
This is my opinion

TheCyclist

Mitglied seit Feb 07, 2011  724 Beiträge PipGnostic (TheCyclist) Mar 17 2013 at 06:57
At least one of my strategies have no risk at all, I can easily do 30% a year no problem. Which is about what Warren Buffet does.

So if you know what you're doing this is very far from gambling.

Problem is, who wants to do 30% a year ? More you want to do, more of a gamble it becomes.

Forex4you_user

Mitglied seit Jan 05, 2013  15 Beiträge David (Forex4you_user) Mar 17 2013 at 07:13 (bearbeitet Mar 17 2013 at 07:15 )
Anticipate further price movement I think the practical impossible, and therefore we must throw away all the technical analysis since all of these drop support and resistance also see all the dealing of the office, and be sure to do so would undermine the entire foot. We should just make the two transactions for the purchase and напродажу . And the profit depends on the volatility of the currency pair. Assume that the pair Euro USD moved during the week of 500 points. Then 500 divide by 2 get 250 points mean and 250 divide by 2 total 125 points take profit. We no difference where to move the market. 500 pips in profit . The loss did not even усредняем, the correction will take the remaining cargo. Everything. don't break your head guys. My strategy works from March of this year. Monitoring .6 currency pairs and all a good show . the maximum subsidence of 5.5%cool

Technical analysis in the ass
FxMasterGuru

Mitglied seit May 04, 2012  1607 Beiträge FxMasterGuru (FxMasterGuru) Mar 17 2013 at 11:26 (bearbeitet Mar 17 2013 at 11:27 )
David! Are you serious...?

99.68% drawdown on your previous real live account... (https://www.myfxbook.com/members/Forex4you/controller-risk/456167)

And NOW, your are letting the world know about your NEW startegy which has been working for 2 weeks... Wow!! Two weeks already...??!!!

Come on, Man...! If you mentioned 2 YEARS, then you MIGHT be having something good going on. You are the most optimistic trader on MyFxBook! Well, never give up!!

P.S. The Russian-English Google translator is a little bit rusty...

Forex4you posted:
Anticipate further price movement I think the practical impossible, and therefore we must throw away all the technical analysis since all of these drop support and resistance also see all the dealing of the office, and be sure to do so would undermine the entire foot. We should just make the two transactions for the purchase and напродажу . And the profit depends on the volatility of the currency pair. Assume that the pair Euro USD moved during the week of 500 points. Then 500 divide by 2 get 250 points mean and 250 divide by 2 total 125 points take profit. We no difference where to move the market. 500 pips in profit . The loss did not even усредняем, the correction will take the remaining cargo. Everything. don't break your head guys. My strategy works from March of this year. Monitoring .6 currency pairs and all a good show . the maximum subsidence of 5.5%cool

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
comextradingllc

Mitglied seit Oct 17, 2012  55 Beiträge COMEX TRADING LLC (comextradingllc) Mar 17 2013 at 17:06 (bearbeitet Mar 17 2013 at 17:07 )
efata_investasi posted:
Is trading Forex gamble? because so many people often told me that forex is gambling, and if that is gambling then God will never help us with it right? because gamble is forbidden by any of religion in the world righttwist?, so there is more loser than a winner on forex business because God dont like this stuff lol if you say forex/futures is trading so my question is what trading definition? if there is stuff to buy/sell and involved money right? so forex/futures/index is pure gambling?


Hello Friend,

Forex is no gambling; it is a 100% intellectual business which requires careful market analysis and approach.

If you wish to trade Forex as a 'gambler', you will lose more money than win!

Anyone who thinks that Forex is gambling should start buying lottery tickets right away, and not waste his/her time and money trading Forex; because chances are higher that he/she will win more money playing lottery than trading Forex...in 'gambling mode'.

Forex is no place for guessing! You either correctly know which direction (namely: 'buy' or 'sell') to go at each point in time, or lose your money! And you can know which direction to go only if you are well-informed....and not in 'gambling mode'.

Please take a moment to visit our website and see our approach to Forex trading:

https://www.comextradingllc.com

Thank you for your time.

Wishing you best trading!

No manual trading can compete with automated trading by intelligent robots. Manual trading is influenced by human emotions, whereas robots have no emotions and can take a 'calculated decision' at any moment.
Ironman

Mitglied seit Oct 12, 2012  70 Beiträge Ironman Mar 17 2013 at 21:25
Well, a few things need to be corrected at once.

1. There is no God... Not of any kind. If there was, why would he/she/it let the world be the way it is. Forget it. You'll do yourself a huge favour. According to religions there are over 2000+ gods. One more or less will not make any difference.

2. You will NEVER know in what direction a specific market will go. NEVER. If you enter a trade, it can go EITHER WAY. Period.

So, why isn't this gambling?
If you have a good system, try it for 200 trades. (Some will, of course, disagree with this number.) A good system will, on a Risk/Reward-ratio of 1:1 win 55-80% of the trades. (80 is a LOT.)
If your trial gives you anything lower (on a 1:1 RR), leave it be, and try another.

So, about the gambling...
When you look at it on just one trade, it is gambling. But if you have trialled your system correctly, you'll know that when you set a trade, you'll still win about 60 of 100 trades in the long run, but for that one trade, you have no idea. EVER. ;)

No matter what any system seller tells you...


So, why go Average Joe tell you it is gambling when you ask him? Because he has no clue.
If you want to do some trading, trust your own judgement. The average person will have no idea what you talk about.

Cheers and good luck.

/Tomas


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