Forex is not like gambling

There is no relation between forex and gambling imo.

Absolutely not, but it can be easily mistaken that way if there is not proper knowledge on what you are doing in forex trading.

Keep in mind that trading in the Forex market can be dangerous. There are several threats to be aware of, all of which can result in financial ruin. Trading strategies that are meticulous and well-planned, on the other hand, will produce positive outcomes and assist you in becoming a professional over time. You shouldn't base your entire strategy on short-term goals and objectives, and you'll become better with practice. Keep these factors in mind at all times, and remember that forex trading is not a game of chance. Your decision-making skills will improve as a result of accepting this, and you'll be able to learn how to create effective trading methods. Playing slot machines/gambling is not the same as trading forex.

These are two industries that are quite noticeably different in the structure and essence of the work. It is important to understand and appreciate

This is the same as comparing forex and trading things through social networks. These are all completely different things.

In fact, this is really important to understand. Forex is not gambling, not even close.

Forex is how you are using it for. If you like to gamble, it’s up to you because you can do this. But, if you are here for professional trading, you can also do that. There are several other strategies like scalping, long time trading, hedging etc. So sketch out your own strategy before getting into trading.

Forex is not pure speculation. There are skills that traders have to build before placing a trade. Fundamental & technical analysis, trading psychology, risk & money management are some of the few skills among many others. The more the traders know about these skills, the more they can increase their chance of winning trades.

FXOday posted:
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.

To be honest, Money Management is very much important! There is no way to make quick money in Forex! On the other hand, which traders try make quick money here, end of the day they lose their full capital!

There is no point in comparing these two figures. It is important to understand that these two types of work are completely different.

UweMoench posted:
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.

But you can stick to a system the same as you do with gambling and you either win or lose. Same with trading.

For yourself, this conclusion is important to make as early as possible. Otherwise, the outcome may not be the most positive.

Forex is not gamabling because to become a successful trader you need a trading plan and skills. However, that is not the case with gambling.

SteveFx11 posted:

FXOday posted:
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.

To be honest, Money Management is very much important! There is no way to make quick money in Forex! On the other hand, which traders try make quick money here, end of the day they lose their full capital!

Traders can use strict money and risk management strategies while trading to mitigate the risks involved in trading. Whereas in gambling people either win the whole amount or lose the whole amount.

Forex is only different from gambling if you believe that forex price movement is predictable. If you cannot predict the price movement accurately then you are just gambling

Forex can be gambling if you want it to be gambling. But then results will be similar to what you can expect in a casino. House always wins (in the end). I did gambling in forex for many times. Especially during those hard times when I lost faith in my strategy. Only to be knocked down on the ground. And then to be beaten even harder when I witness how much I could have earned if I was disciplined and patient enough to actually execute my strategy.

I remember one evening I was taking picture with my camera in the streets. I was approached by a stranger and he asked me what I was doing. He listened to me with interest and humbleness. And then he told me that he was a casino addict and that he was waiting for the court the next day. Because he was in debts. He had lost everything - his money, assets, wife, family... His friends abandoned him and the only friends he now had was the casino pals. Guys in the same boat as him. Broke and addicted.

He said to me: what you're doing is beautiful. Don't you ever end up like me.

And he walked away.

Well. I didn't go to a real casino yet. But I went to forex. And I did my part of gambling there. Now I'm learning to trade professionally.
If I ever go to casino - I will go when I'm rich and I'll drive there with my Maserati. Just for the fun. :)

Forex trading is not exactly gambling, and they are not the same thing. Trading forex can always be profitable if you have good skills in predictive analysis. To make money, you must study past and present events and have a good understanding of the forex market.

Forex is not gambling but those who gamble here, Forex is a gambling for them. Greed is the worst human nature that leads a person to gambling. People can hardly benefit from gambling because it’s an illusion. So, come to real time leaving gambling.

Trading seems a bit more secure than gambling once one factors in charts and other data that they are basing their decisions off of; however, we are basically betting money based on what we think will happen.