Gaban Posted January 25, 2013 Report Share Posted January 25, 2013 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? Quote www.instaforex.com Link to comment Share on other sites More sharing options...
Guest gavetso Posted January 25, 2013 Report Share Posted January 25, 2013 Methodlogy Dicipline and method and Trade as a Machine the worst enemy in this business is Human fills Quote Link to comment Share on other sites More sharing options...
Guest leospartain Posted January 25, 2013 Report Share Posted January 25, 2013 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 Quote Link to comment Share on other sites More sharing options...
Guest FloridaTrader Posted January 25, 2013 Report Share Posted January 25, 2013 I look at it as life is a gamble with everything you do. Quote Link to comment Share on other sites More sharing options...
iwjw Posted January 25, 2013 Report Share Posted January 25, 2013 Is Forex suitable for housewives? Quote Link to comment Share on other sites More sharing options...
Guest FloridaTrader Posted January 25, 2013 Report Share Posted January 25, 2013 Is Forex suitable for housewives? http://indo-investasi.com/showthread.php/20852-Is-forex-Suitable-for-houswives Quote Link to comment Share on other sites More sharing options...
loll Posted January 26, 2013 Report Share Posted January 26, 2013 Gambling depends if you know your stuff. Quote Link to comment Share on other sites More sharing options...
FxNewbie Posted January 26, 2013 Report Share Posted January 26, 2013 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 .... Quote Link to comment Share on other sites More sharing options...
Guest FloridaTrader Posted January 26, 2013 Report Share Posted January 26, 2013 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 .... Well said my friend! Quote Link to comment Share on other sites More sharing options...
Fx-trader Posted January 26, 2013 Report Share Posted January 26, 2013 Gambling only if you don't use risk controls and invest with HOPE. Quote Link to comment Share on other sites More sharing options...
supertrader Posted January 28, 2013 Report Share Posted January 28, 2013 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. Quote Link to comment Share on other sites More sharing options...
Gaban Posted January 28, 2013 Author Report Share Posted January 28, 2013 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. Quote www.instaforex.com Link to comment Share on other sites More sharing options...
supertrader Posted January 31, 2013 Report Share Posted January 31, 2013 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. I 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. Quote Link to comment Share on other sites More sharing options...
Gaban Posted February 1, 2013 Author Report Share Posted February 1, 2013 I 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. Lose our money in forex is the risk of forex, but we can minimize the risk so we will not lose our money faster that ever. We can use money management to minimize the risk and try to discipline. Quote www.instaforex.com Link to comment Share on other sites More sharing options...
posed Posted February 12, 2013 Report Share Posted February 12, 2013 its like gambling but better odds once you have a good strategy, much better then casino odds Quote Link to comment Share on other sites More sharing options...
usok Posted February 12, 2013 Report Share Posted February 12, 2013 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 :D Quote Link to comment Share on other sites More sharing options...
firmanta Posted February 12, 2013 Report Share Posted February 12, 2013 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 :D 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. Quote Link to comment Share on other sites More sharing options...
Gaban Posted February 12, 2013 Author Report Share Posted February 12, 2013 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 :D 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. Quote www.instaforex.com Link to comment Share on other sites More sharing options...
Gaban Posted February 16, 2013 Author Report Share Posted February 16, 2013 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. Quote www.instaforex.com Link to comment Share on other sites More sharing options...
lllusion Posted February 17, 2013 Report Share Posted February 17, 2013 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.. Quote Link to comment Share on other sites More sharing options...
Gaban Posted February 19, 2013 Author Report Share Posted February 19, 2013 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. Quote www.instaforex.com Link to comment Share on other sites More sharing options...
supertrader Posted February 27, 2013 Report Share Posted February 27, 2013 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. Quote Link to comment Share on other sites More sharing options...
Gaban Posted March 1, 2013 Author Report Share Posted March 1, 2013 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. Quote www.instaforex.com Link to comment Share on other sites More sharing options...
smith448 Posted March 4, 2013 Report Share Posted March 4, 2013 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. Quote Link to comment Share on other sites More sharing options...
Gaban Posted March 4, 2013 Author Report Share Posted March 4, 2013 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. Quote www.instaforex.com Link to comment Share on other sites More sharing options...
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