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Forex is not like gambling
Nov 30, 2020 at 07:28
Membro Desde Jul 19, 2020
751 posts
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.
Membro Desde Aug 17, 2020
123 posts
Nov 30, 2020 at 09:26
Membro Desde Aug 17, 2020
123 posts
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.
Membro Desde Jul 23, 2020
869 posts
Membro Desde Mar 17, 2021
536 posts
Jul 08, 2021 at 23:29
Membro Desde Apr 03, 2021
470 posts
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
Membro Desde Jul 07, 2021
41 posts
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.
Membro Desde Mar 16, 2021
477 posts
Aug 05, 2021 at 14:13
Membro Desde Jul 19, 2020
751 posts
@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.
Membro Desde Mar 16, 2021
477 posts
Aug 11, 2021 at 01:38
Membro Desde Mar 16, 2021
477 posts
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.
Membro Desde Mar 17, 2021
536 posts
Aug 15, 2021 at 08:36
Membro Desde Mar 17, 2021
536 posts
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.
Membro Desde Mar 16, 2021
477 posts
Aug 15, 2021 at 12:03
Membro Desde Mar 16, 2021
477 posts
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.
Membro Desde Mar 16, 2021
477 posts
Aug 16, 2021 at 13:27
Membro Desde Mar 16, 2021
477 posts
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.
Membro Desde Aug 10, 2021
178 posts
Membro Desde Aug 17, 2021
9 posts
Membro Desde Jul 26, 2021
26 posts
Aug 17, 2021 at 11:33
Membro Desde Jul 26, 2021
26 posts
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
(editado Aug 17, 2021 at 14:48)
Membro Desde Aug 14, 2014
1 posts
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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