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.
Nov 30 2020 at 09:26
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.
Of corse! Forex trading involves identification of patterns and trends and is based on logic whereas gambling is just luck.
Yes trading is not gambling. But unfortunately many traders treat it like gambling. They are not willing to develop skills. They trade mostly blindly. As a result they lose money all the time.
Nov 30 2020 at 14:19
Gambling is for short time success. You need skill and strategy for long time success.
Jul 08 2021 at 13:47
LyudmilLukanov posted:I agree with you. You need proper knowledge to survive in this market.
Gambling is for short time success. You need skill and strategy for long time success.
no not gambling .... u have to have the right indicators working on a good time frame .... trust me
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.
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.
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.
Jul 31 2021 at 00:08
The forex market is not a gamble. Discipline and plan are required to make a profit.
@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.
Aug 11 2021 at 01:38
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.
Aug 15 2021 at 08:36
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.
Aug 15 2021 at 12:03
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.
Aug 15 2021 at 12:05
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.
Aug 16 2021 at 13:27
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.
Aug 17 2021 at 01:32
Forex is not gambling. It mostly depends on patterns and techniques and you can not succeed in it without knowledge and skills.
Aug 17 2021 at 10:06
Yes but are the movements of those patterns etc. just random and we see patterns that are not really reliable
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.
