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Forex is not like gambling
Nov 30, 2020 at 07:28
Membre depuis Jul 19, 2020
posts 749
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.
Membre depuis Aug 17, 2020
posts 121
Nov 30, 2020 at 09:26
Membre depuis Aug 17, 2020
posts 121
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.
Membre depuis Jul 23, 2020
posts 816
Membre depuis Mar 17, 2021
posts 494
Jul 08, 2021 at 23:29
Membre depuis Apr 03, 2021
posts 437
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
Membre depuis Jul 07, 2021
posts 40
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.
Membre depuis Mar 16, 2021
posts 447
Aug 05, 2021 at 14:13
Membre depuis Jul 19, 2020
posts 749
@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.
Membre depuis Mar 16, 2021
posts 447
Aug 11, 2021 at 01:38
Membre depuis Mar 16, 2021
posts 447
UweMoench posted:
@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.
Forex trading depends on the investment mindset. The stronger the mindset, the better the profit can be made by analysis.
Membre depuis Mar 17, 2021
posts 494
Aug 15, 2021 at 08:36
Membre depuis Mar 17, 2021
posts 494
LukeRachel posted:UweMoench posted:
@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.
Forex trading depends on the investment mindset. The stronger the mindset, the better the profit can be made by analysis.
But you also need proper knowledge and skills.
Membre depuis Mar 16, 2021
posts 447
Aug 15, 2021 at 12:03
Membre depuis Mar 16, 2021
posts 447
SteveHanks posted:LukeRachel posted:UweMoench posted:
@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.
Forex trading depends on the investment mindset. The stronger the mindset, the better the profit can be made by analysis.
But you also need proper knowledge and skills.
Skills and knowledge are a must in trading. How to manage discipline without trading skills.
Membre depuis Mar 16, 2021
posts 447
Aug 16, 2021 at 13:27
Membre depuis Mar 16, 2021
posts 447
SteveHanks posted:LukeRachel posted:UweMoench posted:
@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.
Forex trading depends on the investment mindset. The stronger the mindset, the better the profit can be made by analysis.
But you also need proper knowledge and skills.
Proper knowledge and skills are required. Moreover, it is not possible to make a profit in trading.
Membre depuis Aug 10, 2021
posts 172
Membre depuis Aug 17, 2021
posts 9
Membre depuis Jul 26, 2021
posts 26
Aug 17, 2021 at 11:33
Membre depuis 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.
Aug 17, 2021 at 14:47
(édité Aug 17, 2021 at 14:48)
Membre depuis Aug 14, 2014
posts 1
In a nutshell, trading forex is putting the odds(if u will) in your favor same as being able to count cards at the card table, and if you get caught (and you will sooner or later) you will be escorted out and your picture will be on the board in many Casinos. The line is not thin between Forex and Gambling. Ask yourself, does the Casino ever allow you to put the odds in your favor to win or Beat the House? I don't think so!!! "Drop the Mike"

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