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Is forex gambling?
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ForexAssistant

Członek od Jun 28, 2011  465 postów Bob LLewellyn (ForexAssistant) Jun 20 2014 at 21:22
Howdy Silverthorn, still riding the herd I see. Those young ones, just got to get rowdy once in a while. I think I'll forgive him, he'll beat himself enough for his actions later on, when he's old enough. Usually works out that way.

The new website for CommonLanguageAppeal.com is up, making an announcement over in the 'Traders give birth to new idea'
page,

https://www.myfxbook.com/community/new-traders/traders-give-birth-new-idea/755228,4

For anyone who doesn't already know, I've started a new project and need some help if any of you can afford a moment please stop on by.

Bob

PS Gday Silverthorn!

where research touches lives.
Pureprofitfx

Członek od Jun 09, 2014  38 postów Gabriel Urse (Pureprofitfx) Jun 23 2014 at 14:55
You can think and treat Forex like a gambling, but we can think and treat it like an investment with trading strategies, money management and so on.
What do you choose ? Because how you think and treat a thing it is a matter of choice.

bewayopa

Członek od Jun 07, 2011  372 postów bewayopa Jun 23 2014 at 21:49
PureProfitNoRisk posted:
You can think and treat Forex like a gambling, but we can think and treat it like an investment with trading strategies, money management and so on.
What do you choose ? Because how you think and treat a thing it is a matter of choice.

I agree we must see it as an investment

Cleeon

Członek od Apr 15, 2012  31 postów Ali Zainal Abidin Bil Fagih (Cleeon) Jun 23 2014 at 23:51
PureProfitNoRisk posted:
You can think and treat Forex like a gambling, but we can think and treat it like an investment with trading strategies, money management and so on.
What do you choose ? Because how you think and treat a thing it is a matter of choice.


I agree with You, thanks

efata_investasi

Członek od May 29, 2012  18 postów Starlabs (efata_investasi) Jul 11 2014 at 09:12
I must say there's still no concrete decision whether forex is NOT gambling, right? but 90 % fact shows forex surely not TRADING, called it TRADING simply more 'selling' and not to scary than called it win or lose/gamble/play/bet/money games etc, its just'more' economical and job related term. I dare to bet $1000 for this statement, 95% of forex players in this world suffer losing than winning or 'profit', whatever you want to called it. We must go back to word TRADE, what is TRADE? (Trade, also called goods exchange economy, is to transfer the ownership of goods from one person or entity to another by getting a product or service in exchange from the buyer. Trade is sometimes loosely called commerce or financial transaction or barter. A network that allows trade is called a market. The original form of trade was barter, the direct exchange of goods and services. Later one side of the barter were the metals, precious metals (poles[clarification needed], coins), bill, paper money. Modern traders instead generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money (and later credit, paper money and non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade between more than two traders is called multilateral trade.) SO IN MY CONCLUTION BASED ON THIS FACT FOREX IS A GAMBLING! PERIOD! if there is something real which you buy/sell than it can be called trade but it simply just playing with money to gain money. So more precisely its money games.

Low Risk Medium Profit
ExcellenceFX

Członek od Mar 11, 2014  12 postów EXcellence Forex (ExcellenceFX) Apr 23 2015 at 17:38
I think one must take Forex seriously and do it differently than other sheeps (read retail traders) who are sponsoring hungry brokers. If you had a strategy that earns safe %s each year and dont have the capital to make it interesting, just run managed fund like us.

"Whether you think you can or you can't, you are right"
pereacatalina461

Członek od Jan 09, 2018  2 postów pereacatalina461 Jan 09 2018 at 14:59
I don't think it is a gambling. I have been with forex trading since last year and all is well. When it comes in <a href='https://itrader.tips/investing-money-forex/'>investing your money in forex</a> keep in mind that like all investments, there are risks that come with it and you should do your homework to familiarize yourself with these risks.

NoahB

Członek od Nov 24, 2017  21 postów NoahB Jan 31 2018 at 08:03
Forex definitely draws you. I would even compare it to a drug, because after trying to trade, it's hard to stop then. But still it's not gambling. It's business. It's a way to make money. It's a hobby. It's the meaning of life.
Everyone has his own definition of what Forex is. For me, this is the second option.

Gettone1

Członek od Feb 21, 2018  3 postów Gettone1 Mar 05 2018 at 06:28
Alright, this is a bit old topic, but I wanna tell what I thinking to everyone.

What everyone calling ''gambling''? Do you mean like a casino? or what?

Because in a casino - roulette you have chances to win 47% or smth like that, because there is red/black and green ( 0 ) In forex you obviously have just buy/sell , and there is 50/50% chance to win. 1/10/100 that much how your budget allows.

There is lot of psychology, where you have to create rules for your self when you seen drawdown, have to calm, and do not panic,
everywhere you can spot the gambling in life, but have to lean towards your side, that your life would be casino with bigger chances of win, and another component would have 47%.


Silverthorn

Członek od Oct 24, 2013  268 postów FXWorkz (Silverthorn) Mar 12 2018 at 01:39
Gettone1 posted:
Alright, this is a bit old topic, but I wanna tell what I thinking to everyone.

What everyone calling ''gambling''? Do you mean like a casino? or what?

Because in a casino - roulette you have chances to win 47% or smth like that, because there is red/black and green ( 0 ) In forex you obviously have just buy/sell , and there is 50/50% chance to win. 1/10/100 that much how your budget allows.

There is lot of psychology, where you have to create rules for your self when you seen drawdown, have to calm, and do not panic,
everywhere you can spot the gambling in life, but have to lean towards your side, that your life would be casino with bigger chances of win, and another component would have 47%.



Simply incorrect.

The odds are still against the gambler. In order to win you have to make the spread + your profit. In order to loose you just have to loose. It's not a 50:50 chance at all. Higher time frames negate this to some degree but not entirely.

You can't spend open trades.
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