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Is forex same as gambling?


Gaban

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Guest leospartain
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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Guest FloridaTrader
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!

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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.

 

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.

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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.

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  • 2 weeks later...
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.

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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.

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  • 2 weeks later...
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.

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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.

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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.

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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.

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