Announcement

Collapse
No announcement yet.

Is forex same as gambling?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • #16
    if you do not know what you are doing then forex trading is a gamble, it takes years to learn and study the market so dont rush it, learn the trade of trading and then the time will come when forex becomes a decent business

    Comment


    • #17
      Originally posted by maligno View Post
      if you do not know what you are doing then forex trading is a gamble, it takes years to learn and study the market so dont rush it, learn the trade of trading and then the time will come when forex becomes a decent business
      that's right, I agree with you. If you really don't know anything about forex and just doing it just rely on luck, yes it is gamble. On this business we must work very hard to learn and study this forex trading, this business is a really high risk. We can gain profit very fast but we can get loss very fast too. So if we can find a suitable strategy for us to gain profit consistently, this business can be very promising business for us to do.

      Comment


      • #18
        Originally posted by maligno View Post
        if you do not know what you are doing then forex trading is a gamble, it takes years to learn and study the market so dont rush it, learn the trade of trading and then the time will come when forex becomes a decent business
        Yeah, to be a successful trader in forex, we need a quite long time. We have to learn and learn, make more practice so our trading skill be better, we can't rely on luck if we wanna get profit consistently.

        Comment


        • #19
          It depend on how we do. If we don't know about price action or technical analysis, indirectly we are trading just rely on luck only and it mean we are gambling.

          Comment


          • #20
            I dislike it when people equate trading in general with gambling. But then again we are working with taking risks based on education on probabilities. There's more to it than just that though..

            Comment


            • #21
              We will not be able to get 100% profit every day in forex, because the movement of the market we can not predict with certainty, we can not rely on luck only in forex. This is different from gambling.

              Comment


              • #22
                Originally posted by Gaban View Post
                We will not be able to get 100% profit every day in forex, because the movement of the market we can not predict with certainty, we can not rely on luck only in forex. This is different from gambling.
                True, as long as you can minimize the lost during trading, that will be sufficient. But not treating Forex as gambling. Gambling and trading is absolutely, definitely different terms.

                Comment


                • #23
                  Originally posted by duderex View Post
                  True, as long as you can minimize the lost during trading, that will be sufficient. But not treating Forex as gambling. Gambling and trading is absolutely, definitely different terms.
                  Trading and gambling are different things, so we can not equate the two to each other. We must have knowledge and experience in forex, and we need enough long time to be a successful trader here. Need patience to facing problems, not greed.

                  Comment


                  • #24
                    No forex trading business is not like gambling. Because to succeed in gambling we depend on our luck only. But to succeed in forex trading business we can not depend on our luck.
                    To succeed in forex trading business we need to have a ton of trading skills and analyzing knowledge.

                    Comment


                    • #25
                      Originally posted by smith448 View Post
                      No forex trading business is not like gambling. Because to succeed in gambling we depend on our luck only. But to succeed in forex trading business we can not depend on our luck.
                      To succeed in forex trading business we need to have a ton of trading skills and analyzing knowledge.
                      A lucky indeed we need, but luck will not always follow us. That is why we need the ability to be able to obtain trading profits consistently in forex. And trading skills that we should also hone in order to become better. Demo trading and demo contest are the perfect place to hone our trading ability.

                      Comment


                      • #26
                        Nothing in this world is not gambling..
                        Everythink have a risk..
                        So How you manage the risk is most important, not only in Forex but also in your live

                        Comment


                        • #27
                          it is gambling when You don't know what You are doing ...
                          anyone can put 5 winners in row just on pure luck ...
                          but trading for a living should be something more than gambling !
                          Last edited by killbill1234; 13-03-13, 09:04.

                          Comment


                          • #28
                            Originally posted by Gaban View Post
                            A lucky indeed we need, but luck will not always follow us. That is why we need the ability to be able to obtain trading profits consistently in forex. And trading skills that we should also hone in order to become better. Demo trading and demo contest are the perfect place to hone our trading ability.
                            Not sure where you're getting your information from. Luck doesn't apply to trading the forex. No one can obtain profits consistently, those that are profitable obtain profits the majority of the time. You are making a lot of strange posts and you duplicate what you say several times in teach thread you do post. Consider posting facts instead of giving incorrect information.

                            Comment


                            • #29
                              Originally posted by Gaban View Post
                              We will not be able to get 100% profit every day in forex, because the movement of the market we can not predict with certainty, we can not rely on luck only in forex. This is different from gambling.
                              Forex trading has nothing to do with luck.

                              Comment


                              • #30
                                Originally posted by FloridaTrader View Post
                                Forex trading has nothing to do with luck.
                                and guessing. but it need skills and hard work to learn and practice.

                                Comment

                                Top Active Users

                                Collapse

                                There are no top active users.
                                Working...
                                X