Many ordinary people who consider forex as gambling because they just look so easy to make a profit without knowing the process. So, what in your opinion? Do you agree with this statement?
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Is forex same as gambling?
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If forex is gambling put your money into it, after all is either buy or sell. Try it and I can bet u gonna burn out 99% of the time, I remember when I was newbie it go to a time I felt like killing myself but something kept on telling me read more........... that did help especially reading Russ ebooks
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Forex trading is technically described as "Skilled Gambling" for those who are successful. For those that are not well informed, I strongly believe it can be described as gambling because if there is no skill involved the new trader is relying on chance that a desired outcome will result. The good thing though is if you use good money mangement, you can still profit if you get the direction correct 50% or more. But that is a skill too ....
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Originally posted by FxNewbie View PostForex trading is technically described as "Skilled Gambling" for those who are successful. For those that are not well informed, I strongly believe it can be described as gambling because if there is no skill involved the new trader is relying on chance that a desired outcome will result. The good thing though is if you use good money mangement, you can still profit if you get the direction correct 50% or more. But that is a skill too ....
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Gambling in Forex trading is only for those people who wish to be poor faster than ever. Depend on luck itself with the chart, either it will goes up or down. Without your willingness to learn the basic idea of trading, and practicing with demo account.
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Thanks for your opinions.
And in my opinion, it's depend on how we do trading. If we just rely on luck, it same with gambling. We need to make analysis if we wanna get profit consistently, and we can use market news to help us make analysis.
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Originally posted by Gaban View PostThanks for your opinions.
And in my opinion, it's depend on how we do trading. If we just rely on luck, it same with gambling. We need to make analysis if we wanna get profit consistently, and we can use market news to help us make analysis.
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Originally posted by duderex View PostI would suggest you to stop trading before you learning how to trade. If you keep doing this, you will lose your money faster than ever.
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