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why many people see forex trade as gambling?


rockstar

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Gambling is choice under uncertainty. However, isn't our lives full of uncertainties? We don't know what will happen in the next minute. All we can do is to try our best to do things well. However, the main factor that distinguishes gambling from regular activities is the unmanageable risk involved in it. The degree of uncertainty in gambling is much higher than that in our choices in regular life. Yet we still take the risk without knowing what will happen next. But in forex trading, the uncertainty is not that high if you do it in the correct way, i.e. the risk is manageable. However, one can do it in the same way as gambling, but it's not the nature of Forex trading, rather, they made it gambling.

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  • 3 weeks later...

They failed to see the core concept of forex itself which is trading, i know speculation will make it more like gambling but isn't buy low sell high concept also applied to someone who want to get profit? This is pretty normal, and gambling is actually speculation without any strong analysis behind, just guessing i said.

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It is gambling if you do it without plans or education, so they are right about it, but the only difference is that there are many people who have education and experience, so that’s where they do it’s not gambling. I believe we can all gain knowledge and experience, as it’s far from the most difficult thing, but it is with requirement of knowledge and experience, I have that thanks to OctaFX broker and their low spread of 0.2 pips, high leverage up to 1.500 plus smooth platform!

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That's right, gambling is something where you don't need education it is a pure guess not like forex where you need education to make a better, BUT do you know gambling with math? using formula or other type of math? Have you ever heard MIT blackjack before? Where university student secret experiment group that oust those vegas gamblers. It still need education if you want more precise but it is up to you to do that in gambling

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I've ever heard that kind of group and to be honest, they can earn well there and also that's only using math as their own analysis. The basic thing still different even you brought that matters, in forex you trade not gamble you buy and sell not betting.

That what makes forex and gambling actually really same, even actually the core are different but for whole it is the same. Some people said that forex is actually the biggest gambling ever, because we just use analysis which doesn't even guarantee the income.

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I think people sometimes consider trading as gambling because they haven't understand the underline basic concepts of trading. Since it cost comparatively higher amount to open a forex contact you will need a higher leverage. Since you are using leverage with a small capital you can loose your funds very easily. But if you do the math and adopt a good money management plan then you will not feel like gambling. It is a real buying and selling business. High volatility in the market is another reason why people think this as gambling  

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Basic concept of forex is trading but you are speculating not just trading here, this is why and i think myregister said is actually the same, if you read about blackjack you will find out that they use mathematical analysis and make profit in casino,so? This is normal dude. Some parts of forex and gambling are actually the same.

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One thing we must note is that forex sometimes goes alongside with luck, and luck itself is a major element in gambling. So as a trader it will be good if you erase the idea of forex as gambling (although forex can be referred to gambling in some way) because the luck in forex will not always be on your side, and that is where forex analysis comes in. 

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One thing we must note is that forex sometimes goes alongside with luck, and luck itself is a major element in gambling. So as a trader it will be good if you erase the idea of forex as gambling (although forex can be referred to gambling in some way) because the luck in forex will not always be on your side, and that is where forex analysis comes in. 

 

Yeah the biggest connection is luck between Forex and gambling, so some people who are not educated and get success consider it like gambling since they got results because of their good luck, but this element is only because of people’s lack of knowledge and experience, but if we fill this gap then it’s pure business. The worst part is that only mate that luck is not on our side all the time and when it’s not most newbies destroys their whole capital. I will accept that I am not great in analyzing, but I do follow the forecast given by OctaFX broker that I am working at, so that is something enough to get proper idea for trades for all major pairs.

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  • 4 weeks later...

True, it is the problem that many people facing when trade in forex, thinking that forex is just another business that you could treat like that. However, this way isn't feasible and very vulnerable to a trader itself, as the progress goes on it may cause more losses to practicioner in this case a trader for sure.

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Gambling and forex have many differences and when people will know the entire knowledge about all this things then only they will be understanding the difference between forex business and trading business . i never try to compare forex with any gambling sites because gambling is a worst games where there are chances of earning only due to luck but Forex is the place where talent and skills matters a lot 

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It has similiarity, this is why people think like that but actually this is just all about perspective. I see people think forex as gambling where people just speculate, and sometimes the price movement isn't based on the fundamental anymore but more to sentiment of one market.

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Hm, you make a point there maybe that is because of people's view that turn forex into something like this. In fact everything could be gambling if we want to turn it into something like that. As i said before it is very bad for trader to think forex as gambling, there are bigger chances for us to lose more than earn.

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Forex trading is not gambling because forex is not a guess work like gambling. The traders who are trading in the forex business will be able to make profit only if they are able to do the analysis of the trade very well. Trading in the forex business is different from gambling because gambling does not need you to do the analysis before you can be able to become a gambler. 

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Forex trading is not gambling because forex is not a guess work like gambling. The traders who are trading in the forex business will be able to make profit only if they are able to do the analysis of the trade very well. Trading in the forex business is different from gambling because gambling does not need you to do the analysis before you can be able to become a gambler. 

Some may treat it as gambling due to lack of knowledge and market analysis. But yeah, this business is not a gambling, anyway.

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Since they lack of it then they should keep training and become a better trader, with that there won't be any gambling or any situation like that. Gambling is all about guessing same thing like Forex. Even gamble already into forex. Something like forward or binary is the part of forex which totally similiar to gambling.

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Some may treat it as gambling due to lack of knowledge and market analysis. But yeah, this business is not a gambling, anyway.

@ gaban I think everyone has their own opinion about forex some said forex just like gambling, the others said forex isn't gambling, while the last one said that forex is half forex and half gambling. In the end it doesn't matter what is people opinion, what we need to do just trade and learn, the problem is just in understanding about forex which sooner or later will be resolved, and why if forex is gambling? Will it hurt me? Nope, as long as i can manage the risk LOL

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As a trader who want succees to stay in his trade all you need to do is make sure that you trade with the right mindset that forex is a business and something good can be derived from trading with this reasoning you will deffinately make a lots of money through forex since effort and intelligent will come to play their own role which create way for succees. But when trade with the wrong mindset that forex is a gambling then be sure that you wont have any other option than to continue gamble in forex which is risky.

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@ gaban I think everyone has their own opinion about forex some said forex just like gambling, the others said forex isn't gambling, while the last one said that forex is half forex and half gambling. In the end it doesn't matter what is people opinion, what we need to do just trade and learn, the problem is just in understanding about forex which sooner or later will be resolved, and why if forex is gambling? Will it hurt me? Nope, as long as i can manage the risk LOL

Sure thing you're right, sir. lol

Money and risk management is the key to survive in any kind of businesses (including gambling itself). The fact is not everyone could handle their money and risk right that leads to crucial fail. Just do and learn how to manage it...

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@myregister: So it doesn't matter if forex a pure gambling where you against the host? In gambling there is host (usually happening in casino)that we are trying to beat or the other betters who betting at the same time. Also there is sports betting where you of course trying to bet for team that you favour or you think may win. 

 
But as gambling in general terms is the wagering of money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods. So forex could be included even your life could be included with that terms.
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  • 1 month later...

When you faced with a business or something that ask you to predict and then to put your money into it is that looks like gambling? Yes, people think fx as gambling because it is like one. We put our money we buy something in hope that currency would rise based on our prediction or to sell in hope that would fall down. And also with lazy nature it has, make forex looks like gambling, can you imagine someone can earn thousand or even million less than few hours?

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  • 2 months later...
Forex trading is not gambling because forex is not a guess work like gambling. The traders who are trading in the forex business will be able to make profit only if they are able to do the analysis of the trade very well. Trading in the forex business is different from gambling because gambling does not need you to do the analysis before you can be able to become a gambler.
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