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.
Forex in general should not be compared with this. This can lead to trivial losses.
Aug 17 2021 at 14:47
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'
Trading definetely shouldn't be betting. Successful trading cannot be betting, it is just impossible to guess right all the time to make consistent profits.
Forex trading is buying and sell transaction, this is a real business, but usually, traders that come to join in forex want to speculate in the market, but forex is not gambling, this is a high-risk high gain trading business, anyone trader that doesn't accept the risk, better stay away from forex because this maybe not suitable for them.
Oktaviani posted:Exactly, trading can’t be compared with gambling, these two are way different things. Trading can not be done without proper knowledge and plan whereas we do not need any strategy and any plan for gambling.
Trading definetely shouldn't be betting. Successful trading cannot be betting, it is just impossible to guess right all the time to make consistent profits.
Yes forex isnot like gambling. It's currency trading. Ro make money eee you need enough skills and experience. Otherwise you won't be able to make any money.
@Akasuki yes you are right. Trading is not like gambling. But some people make it like gambling. They trade without any rules.
FXOday posted:many think differently because they haven't really worked in any of these industries
Forex trading is buying and sell transaction, this is a real business, but usually, traders that come to join in forex want to speculate in the market, but forex is not gambling, this is a high-risk high gain trading business, anyone trader that doesn't accept the risk, better stay away from forex because this maybe not suitable for them.
You are absolutely right! Gambling and casinos are just a game, yes for money, but it is a game, there are rules in these games, and there is no competition. Everything depends only on your skills in this game and on luck. In trade, everything is completely the opposite. There must be an ability to analyze what is happening in the world. There are fundamental rules and everything, in fact, you have a huge field with a crop in front of you and what to do with it is up to you. It's not like playing [url=https://13.113.122.156/]Togel[/url] or anything like it, it's a real business. If you came into trading with the mindset of a casino player, then you will fail, you must think coolly and without hesitation, then you will succeed!
Sep 29 2021 at 11:20
According to me, forex trading is taken as gambling by those who consider it a quick money making machine while there is nothing like gambling in the forex market, the only thing which works here is knowledge and skills.
@croisssan Yes. Also they do not have necessary knowledge and skills. If a person has enough knowledge about Forex trading, he won't treat it like gambling.
Sep 29 2021 at 14:49
CocoChannel posted:
According to me, forex trading is taken as gambling by those who consider it a quick money making machine while there is nothing like gambling in the forex market, the only thing which works here is knowledge and skills.
Agree with this but also its probability with the math in our favour. We have a statistical edge once it is played out over a number of trades we will be up. Similarly big betting companies arent 'gambling' they know in the long run they will be profitable due to statistics
It really makes no sense to compare these two industries. As for me, the conclusions can be drawn even without much analysis.
Sep 29 2021 at 19:35
CocoChannel posted:Yes. You are absolutely right.
According to me, forex trading is taken as gambling by those who consider it a quick money making machine while there is nothing like gambling in the forex market, the only thing which works here is knowledge and skills.
Anyone can go to a casino and play with their money on their luck. While trading requires strategizing and complete market research, without which trading is impossible.
Mar 03 2022 at 04:54
Forex is like how you are treating it. If you trade like gambling, then it’s a gambling for you. But, those who took Forex as their profession, to them it is like a real business. For example- I prefer both short time trading and longtime trading and I am not here for gambling because this types of trading doesn’t even suit me.
Mar 03 2022 at 08:13
Casinos are a game were the edge of probabilities are in the 'House's' favour. In forex once you stick to rules and management that edge is in your favour. That distinction means everything
Mar 03 2022 at 08:35
Depends how you look at it I guess. I just saw the Carl Icahn movie on HBO. The guy said it's all gamble in the markets. You can't really be sure you gonna get the desired outcome. Soros says you have to rely on your instincts and more or less guess what's gonna happen.
Positivity
