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Forex is not like gambling
Uczestnik z Jul 19, 2020
751 postów
Nov 30, 2020 at 07:28
Uczestnik z Jul 19, 2020
751 postów
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.
Uczestnik z Aug 17, 2020
123 postów
Nov 30, 2020 at 09:26
Uczestnik z Aug 17, 2020
123 postów
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.
Uczestnik z Jul 19, 2020
298 postów
Nov 30, 2020 at 11:37
Uczestnik z Jul 19, 2020
298 postów
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.
Uczestnik z Jul 23, 2020
869 postów
Nov 30, 2020 at 14:19
Uczestnik z Jul 23, 2020
869 postów
Gambling is for short time success. You need skill and strategy for long time success.
Uczestnik z Mar 17, 2021
536 postów
Jul 08, 2021 at 13:47
Uczestnik z Mar 17, 2021
536 postów
LyudmilLukanov posted:I agree with you. You need proper knowledge to survive in this market.
Gambling is for short time success. You need skill and strategy for long time success.
Uczestnik z Apr 03, 2021
470 postów
Jul 08, 2021 at 23:29
Uczestnik z Apr 03, 2021
470 postów
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
Uczestnik z Jul 07, 2021
41 postów
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.
Uczestnik z Mar 16, 2021
477 postów
Jul 31, 2021 at 00:08
Uczestnik z Mar 16, 2021
477 postów
The forex market is not a gamble. Discipline and plan are required to make a profit.
Uczestnik z Jul 19, 2020
751 postów
Aug 05, 2021 at 14:13
Uczestnik z Jul 19, 2020
751 postów
@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.
Uczestnik z Mar 16, 2021
477 postów
Aug 11, 2021 at 01:38
Uczestnik z Mar 16, 2021
477 postów
UweMoench posted:Forex trading depends on the investment mindset. The stronger the mindset, the better the profit can be made by analysis.
@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.
Uczestnik z Mar 17, 2021
536 postów
Aug 15, 2021 at 08:36
Uczestnik z Mar 17, 2021
536 postów
LukeRachel posted:But you also need proper knowledge and skills.UweMoench posted:Forex trading depends on the investment mindset. The stronger the mindset, the better the profit can be made by analysis.
@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.
Uczestnik z Mar 16, 2021
477 postów
Aug 15, 2021 at 12:03
Uczestnik z Mar 16, 2021
477 postów
SteveHanks posted:Skills and knowledge are a must in trading. How to manage discipline without trading skills.LukeRachel posted:But you also need proper knowledge and skills.UweMoench posted:Forex trading depends on the investment mindset. The stronger the mindset, the better the profit can be made by analysis.
@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.
Uczestnik z Mar 16, 2021
477 postów
Aug 16, 2021 at 13:27
Uczestnik z Mar 16, 2021
477 postów
SteveHanks posted:Proper knowledge and skills are required. Moreover, it is not possible to make a profit in trading.LukeRachel posted:But you also need proper knowledge and skills.UweMoench posted:Forex trading depends on the investment mindset. The stronger the mindset, the better the profit can be made by analysis.
@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.
Uczestnik z Aug 10, 2021
178 postów
Aug 17, 2021 at 01:32
Uczestnik z Aug 10, 2021
178 postów
Forex is not gambling. It mostly depends on patterns and techniques and you can not succeed in it without knowledge and skills.
Uczestnik z Aug 17, 2021
9 postów
Uczestnik z Jul 26, 2021
26 postów
Aug 17, 2021 at 11:33
Uczestnik z Jul 26, 2021
26 postów
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
(edytowane Aug 17, 2021 at 14:48)
Uczestnik z Aug 14, 2014
1 postów
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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