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Forex is not like gambling
Nov 30, 2020 at 07:28
Miembro desde Jul 19, 2020
posts 751
Forex is not like gambling. I have taken trading as a business and a business isn't a betting it is about speculation. Different traders intentionally or unwittingly consider trading to be betting. Thusly they wind up losing their cash. We should see it as a business.
Miembro desde Aug 17, 2020
posts 123
Nov 30, 2020 at 09:26
Miembro desde Aug 17, 2020
posts 123
You are right. Many people come to trading with the mindset of a gambler and then claim forex isn't profitable because they lost. But speculation is something that requires skill and a kind of mental strength, it is a lot more nuanced than gambling.
Miembro desde Jul 23, 2020
posts 869
Miembro desde Mar 17, 2021
posts 536
Jul 08, 2021 at 23:29
Miembro desde Apr 03, 2021
posts 470
Yes, forex is business and not gambling, but depending on yours as an account holder, if want to work as a gambling trader you can bet in the forex market based on luck only, and forex trading is not based on luck, it required experience, knowledge patience, forex trading is high-risk business but not as gambling.
Jul 09, 2021 at 05:16
Miembro desde Jul 07, 2021
posts 41
Forex trading is not gambling, despite the common misconception some people have. Yes there is money involved, and tehre are losses from time to time. But traders know the importance of taking things seriously, try to understand the market and see what is happening in terms of trends, evaluate risks, and have a plan. It also relies a great deal on building your knowledge and while a little luck might be there, in truth it is all about a trader's experience, great care, knowhow and patience too.
Jul 09, 2021 at 08:36
Miembro desde Feb 23, 2021
posts 330
mab8 posted:Yes. You are right.
Forex trading is not gambling, despite the common misconception some people have. Yes there is money involved, and tehre are losses from time to time. But traders know the importance of taking things seriously, try to understand the market and see what is happening in terms of trends, evaluate risks, and have a plan. It also relies a great deal on building your knowledge and while a little luck might be there, in truth it is all about a trader's experience, great care, knowhow and patience too.
Miembro desde Mar 16, 2021
posts 477
Aug 05, 2021 at 14:13
Miembro desde Jul 19, 2020
posts 751
@LukeRachel Yes forex is not gambling but many treat it like gambling. As a result, they do not able to make regular profit. They lose more than they win.
Miembro desde Mar 16, 2021
posts 477
Aug 11, 2021 at 01:38
Miembro desde Mar 16, 2021
posts 477
UweMoench posted:Forex trading depends on the investment mindset. The stronger the mindset, the better the profit can be made by analysis.
@LukeRachel Yes forex is not gambling but many treat it like gambling. As a result, they do not able to make regular profit. They lose more than they win.
Miembro desde Mar 17, 2021
posts 536
Aug 15, 2021 at 08:36
Miembro desde Mar 17, 2021
posts 536
LukeRachel posted:But you also need proper knowledge and skills.UweMoench posted:Forex trading depends on the investment mindset. The stronger the mindset, the better the profit can be made by analysis.
@LukeRachel Yes forex is not gambling but many treat it like gambling. As a result, they do not able to make regular profit. They lose more than they win.
Miembro desde Mar 16, 2021
posts 477
Aug 15, 2021 at 12:03
Miembro desde Mar 16, 2021
posts 477
SteveHanks posted:Skills and knowledge are a must in trading. How to manage discipline without trading skills.LukeRachel posted:But you also need proper knowledge and skills.UweMoench posted:Forex trading depends on the investment mindset. The stronger the mindset, the better the profit can be made by analysis.
@LukeRachel Yes forex is not gambling but many treat it like gambling. As a result, they do not able to make regular profit. They lose more than they win.
Miembro desde Mar 16, 2021
posts 477
Aug 15, 2021 at 12:05
Miembro desde Mar 16, 2021
posts 477
RobertFerrari posted:Yes, it is not possible to survive in trading without proper planning.LukeRachel posted:A proper plan can make you successful in this market.
The forex market is not a gamble. Discipline and plan are required to make a profit.
Miembro desde Mar 16, 2021
posts 477
Aug 16, 2021 at 13:27
Miembro desde Mar 16, 2021
posts 477
SteveHanks posted:Proper knowledge and skills are required. Moreover, it is not possible to make a profit in trading.LukeRachel posted:But you also need proper knowledge and skills.UweMoench posted:Forex trading depends on the investment mindset. The stronger the mindset, the better the profit can be made by analysis.
@LukeRachel Yes forex is not gambling but many treat it like gambling. As a result, they do not able to make regular profit. They lose more than they win.
Miembro desde Aug 10, 2021
posts 176
Miembro desde Aug 17, 2021
posts 9
Aug 17, 2021 at 11:33
Miembro desde Jul 26, 2021
posts 26
Yes, different
but I would say that there is something similar to poker game, where you need to have skills and knowledge in order to calculate possible combinations.
The market offers a much more extensive set of combinations, if I can write so. And so planning your trade and using proven 'combinations' is some way to streamline the trading.
but I would say that there is something similar to poker game, where you need to have skills and knowledge in order to calculate possible combinations.
The market offers a much more extensive set of combinations, if I can write so. And so planning your trade and using proven 'combinations' is some way to streamline the trading.

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