By gambling one can get some winning trades here and there. Those few wins give them false hope. And they keep doing it until lose all the money. A trader should focus on learning. Otherwise one should not trade currency.
There is something similar in forex trading to playing in a casino. The same stacks for a certain currency. Possibly win. But there are also losses, which are many times greater. And which happen often both for beginners and professionals. The difference is that the professional will accept his failure, analyze what happened and start waiting for a favorable entry point into the market. And the layman will start to recoup. And as a result. Loss of account.
You can’t make any profit in Forex depending on your luck only, you need to learn and practice trading in order to make consistent profit. But gambling is a totally luck dependent game. A gambler puts up money in the hopes of a return if a random event occurs.
freckcope posted: I think there is a lot of research, learning and a deep understanding of the market is required for trading forex. Can’t say it’s close to gambling there.
But when you do not have any knowledge about forex trading, you are quickly to dismiss them as a gambling and nothing more. Forex trading is such a beautiful concept and it has vast when it comes to serving the purpose, I must say
Sorry, but I don't agree with the statement that gambling and trading are similar things. I have experience in both of these areas. Trading is a much more complicated thing. When it comes to gambling, you just need to find your favorite casino or gambling platform and find out about all specificities. The main rule for me is to play not more than four times a week. I've played only [url=https://tr.superbahis.pro/]superbahis[/url] here this year. It's a great option for me because it's possible to make bets on sport from time to time which helps me take my mind off gambling when I need to.
Loss cannot be avoided in trading. There is no business where there is no loss. Trading is not the opposite. There is a loss in trading but that loss has to be maintained through risk-reward. Loss is a mistake and you should learn from this mistake. Loss can be covered through a 1: 2 risk-reward.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.