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Forex is not like gambling

UweMoench
Nov 30 2020 at 07:28
737 ieraksti
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.

DoraWalletInvest
Nov 30 2020 at 09:26
123 ieraksti
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.

Tiffany07
Nov 30 2020 at 11:04
36 ieraksti
Of corse! Forex trading involves identification of patterns and trends and is based on logic whereas gambling is just luck.

Michihito
Nov 30 2020 at 11:37
298 ieraksti
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.

LyudmilLukanov
Nov 30 2020 at 14:19
735 ieraksti
Gambling is for short time success. You need skill and strategy for long time success.

SteveHanks
Jul 08 2021 at 13:47
530 ieraksti
LyudmilLukanov posted:
Gambling is for short time success. You need skill and strategy for long time success.

I agree with you. You need proper knowledge to survive in this market.

rida rida (ridarida)
Jul 08 2021 at 18:03
13 ieraksti
no not gambling .... u have to have the right indicators working on a good time frame .... trust me

Suradi (FXOday)
Jul 08 2021 at 23:29
203 ieraksti
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.

mab8
Jul 09 2021 at 05:16
41 ieraksti
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.

Tremblay
Jul 09 2021 at 08:36
330 ieraksti
mab8 posted:
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.

Yes. You are right.

LukeRachel
Jul 31 2021 at 00:08
453 ieraksti
The forex market is not a gamble. Discipline and plan are required to make a profit.

UweMoench
Aug 05 2021 at 14:13
737 ieraksti
@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.

LukeRachel
Aug 11 2021 at 01:38
453 ieraksti
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.

SteveHanks
Aug 15 2021 at 08:36
530 ieraksti
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.

RobertFerrari
Aug 15 2021 at 09:42
311 ieraksti
LukeRachel posted:
The forex market is not a gamble. Discipline and plan are required to make a profit.

A proper plan can make you successful in this market.

LukeRachel
Aug 15 2021 at 12:03
453 ieraksti
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.

LukeRachel
Aug 15 2021 at 12:05
453 ieraksti
RobertFerrari posted:
LukeRachel posted:
The forex market is not a gamble. Discipline and plan are required to make a profit.

A proper plan can make you successful in this market.

Yes, it is not possible to survive in trading without proper planning.

LukeRachel
Aug 16 2021 at 13:27
453 ieraksti
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.

Williamfreed
Aug 17 2021 at 01:32
89 ieraksti
Forex is not gambling. It mostly depends on patterns and techniques and you can not succeed in it without knowledge and skills.

Shootinggrass
Aug 17 2021 at 10:06
9 ieraksti
Yes but are the movements of those patterns etc. just random and we see patterns that are not really reliable

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