Is forex gambling?
forex_trader_43716
Uczestnik z Aug 06, 2011
345 postów
Jun 11, 2013 at 09:17
Jake_n_Finn posted:
no fight 4 this week?!!
Fight? What fight? 😎
Uczestnik z Jun 08, 2013
15 postów
Jun 13, 2013 at 08:56
Forex is not gambling, but if u start hoping on luck without analysing to make trades, then you are gambling, you do not call stock exchange gambling, do you?
MANAGED ACCOUNT (PAMM)
Uczestnik z Jun 08, 2013
14 postów
Jun 13, 2013 at 10:40
Forex i think is not gambling...there is exact number ini forex trading...and non exact number .....probability u can set till 95% win..... gambling is 50 - 50
Uczestnik z May 11, 2013
45 postów
Jun 16, 2013 at 06:07
Forex is not gambling, it is only gambling for the losers in the market who then try to revenge trade to recover their losses. Like iv always said if forex was gambling then im a good gambler!
GiftedFx
Jul 20, 2013 at 10:02
maybe or maybe not! to be honest sometime I do gambling! but still I only gamble with zynga fake poker chips lol 😁
we not so sure about gambling definition because each people define gambling differently, but for me gambling is when we nervous, scared and not sure what we were doing I.e put all of all our money in single trade and hoping that our luck not running out.
so if we trade and still have that feeling e.g scared, nervous and not sure about our trade, it could be consider as gambling! the danger about gambling is when our luck running out! and loss big money in single trade! in other words if our DD more that 50% it could be consider as gambling! but of course ROI would be different and far from normal trade, but when we loss it will fall badly.
just my 2k 😉
we not so sure about gambling definition because each people define gambling differently, but for me gambling is when we nervous, scared and not sure what we were doing I.e put all of all our money in single trade and hoping that our luck not running out.
so if we trade and still have that feeling e.g scared, nervous and not sure about our trade, it could be consider as gambling! the danger about gambling is when our luck running out! and loss big money in single trade! in other words if our DD more that 50% it could be consider as gambling! but of course ROI would be different and far from normal trade, but when we loss it will fall badly.
just my 2k 😉
Dear all Trader! Good night and sleep well ;)
Uczestnik z May 04, 2012
1608 postów
Jul 20, 2013 at 12:19
(edytowane Jul 20, 2013 at 12:20)
For some it is gambling, for some it is not. You can tell it easily looking at one's account's profit graph.
Forex is as much gambling as poker is, so consider it: 'Look around the table. If you don't see a sucker, get up, because you're the sucker.'
Forex is as much gambling as poker is, so consider it: 'Look around the table. If you don't see a sucker, get up, because you're the sucker.'
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Uczestnik z Apr 14, 2013
402 postów
Jul 20, 2013 at 16:05
You guys are beyond brainless. You can't compare poker to forex. Forex you can control your position the entire way. You base your positions on many many many many factors. Well in poker it is all LUCK OF THE DRAW. Pocket ACES Is the best DRAW card one can have, but if someone else has POCKER QUEENS, and a Q drops on the community. Your pocket aces are no longer in control! You are now hoping and praying for another ACE!
Focus on pip-drawdown
Uczestnik z Jul 17, 2012
275 postów
Jul 20, 2013 at 16:16
Yeah, we all are brainless people who wanted to gain profits from doing forex trading 😁
Past experience usually helps present self
Uczestnik z Apr 14, 2013
402 postów
Jul 20, 2013 at 20:32
deysmacro posted:
Yeah, we all are brainless people who wanted to gain profits from doing forex trading 😁
I wouldn't say that we can't gain profit. As many people do. It is just our interpretation of how the market works is all wrong. Which is why profit isn't consistent.
Focus on pip-drawdown
Jul 22, 2013 at 14:01
Well, I believe that whether or not consider Forex as a gambling depends on the trader's personality. For example one might just look at the candles, trying to catch a right moment, sometimes placing the orders based on his own vision/prediction/feelings - this is a kind of gambling. But on the other side we have people with million trend lines on their charts, thousand of indicators etc. So for those guys trading is a mathematician. Forex is something specific that attracts very different people. and this is my vision
Jul 26, 2013 at 19:57
In The Name of GOD, The Guide, The Light
The difference between gambling and business is in the reasons. Ask yourself this question: Is there a reason why the jackpot number 456738 came out and become a winner? Is there a reason why the Sterling depreciate? Or any other currency/instruments for that matter. Is there a reason why Apple's share rise?
Gambling is a game of chance. There is no reason whatsoever for the outcome of the instruments/tools performance. Whereas in financial instruments, there are reasons why the instrument rise or fall. Unfortunately, we can become a gambler when we approach it like a gambler even though the instrument by itself is free from gambling.
I have written an article on this question here: https://www.meetpips.com/members/HalalPips/blog/59250-is-forex-gambling
May GOD guide us all
HalalPips
The difference between gambling and business is in the reasons. Ask yourself this question: Is there a reason why the jackpot number 456738 came out and become a winner? Is there a reason why the Sterling depreciate? Or any other currency/instruments for that matter. Is there a reason why Apple's share rise?
Gambling is a game of chance. There is no reason whatsoever for the outcome of the instruments/tools performance. Whereas in financial instruments, there are reasons why the instrument rise or fall. Unfortunately, we can become a gambler when we approach it like a gambler even though the instrument by itself is free from gambling.
I have written an article on this question here: https://www.meetpips.com/members/HalalPips/blog/59250-is-forex-gambling
May GOD guide us all
HalalPips
I trade where the opportunities are and I take what is given
Uczestnik z Jan 10, 2013
286 postów
Jul 26, 2013 at 21:07
halalfx posted:
In The Name of GOD, The Guide, The Light
The difference between gambling and business is in the reasons. Ask yourself this question: Is there a reason why the jackpot number 456738 came out and become a winner? Is there a reason why the Sterling depreciate? Or any other currency/instruments for that matter. Is there a reason why Apple's share rise?
Gambling is a game of chance. There is no reason whatsoever for the outcome of the instruments/tools performance. Whereas in financial instruments, there are reasons why the instrument rise or fall. Unfortunately, we can become a gambler when we approach it like a gambler even though the instrument by itself is free from gambling.
I have written an article on this question here: https://www.meetpips.com/members/HalalPips/blog/59250-is-forex-gambling
May GOD guide us all
HalalPips
There is always a reason for the outcome idiot! No one goes and gambles hoping they lose just like no one goes trading and hopes they lose!
Perhaps your God doesn't work hence why your still hoping to get lucky and make it rich.
Jul 27, 2013 at 03:42
(edytowane Jul 27, 2013 at 03:44)
LOL..well, maybe you misunderstood what I wrote or I did not express myself clearly :-) I mean the reasons for outcome of the instruments or tools; not the reasons to trade or gamble. Have a great weekend! :-) Take it easy, there is no need to insult other people :-)
I trade where the opportunities are and I take what is given
Uczestnik z Jan 10, 2013
286 postów
Jul 29, 2013 at 09:48
Cleeon posted:
cool, Mr. Abdullah, GOD like Person like You
maybe person like 'forexpipcathcher' need an ignorance, no need to give too much attentionl.
Shut it halal head before I text your god to come and get you back to your cell
Uczestnik z Jul 26, 2013
1 postów
Jul 29, 2013 at 11:23
I would agree that is depends on how you trade or gamble. You could be the guy in front of the computer in an online poker room playing Texas Hold 'Em and all you know how to play is Go Fish, or you could be the one who studies techniques, statistics, etc. I would a assume the same goes for trading. I could just hope EURUSD goes up, or I can learn the craft of trading.
So, yes forex is a gamble because you have capital at risk. And trading is such that capital and goods are exchanged.
Because in the end, it doesn't matter what you call it as long as you can hone your craft and make money while doing it.
So, yes forex is a gamble because you have capital at risk. And trading is such that capital and goods are exchanged.
Because in the end, it doesn't matter what you call it as long as you can hone your craft and make money while doing it.
Trading defies logic.
Uczestnik z Nov 25, 2012
26 postów
Jul 29, 2013 at 12:03
efata_investasi posted:
Is trading Forex gamble? because so many people often told me that forex is gambling, and if that is gambling then God will never help us with it right? because gamble is forbidden by any of religion in the world right😇?, so there is more loser than a winner on forex business because God dont like this stuff 😁 if you say forex/futures is trading so my question is what trading definition? if there is stuff to buy/sell and involved money right? so forex/futures/index is pure gambling?
Many call it gambling because they do not understand how it works. We call it trading and business because we understand what it involves . Success is not meant for majority but minority . Sinners are greater than righteous , evil has more pungent smell than good.
Forex is a business that only you can succeed if you make your own research and define your own trading system. Most traders search for shared ideas about trading but majority of those do not work. You can only profit it when you define and test several strategies that gives better prediction and imply strong risk management and discipline into your trading.
Happy tradings
Forex Signals Point (FSP) :Trading For Living Is A Hidden Treasure , we dare to uncover the treasure for profits
Uczestnik z Jan 10, 2013
286 postów
Jul 29, 2013 at 15:35
but you're feeding yourself
