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Is forex and gambling the same ?


gbengustic

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  • 2 weeks later...

Forex is gambling if you don't know what you are doing in forex trading. But if you have skills and know the basic forex trading rules and strategies then you are not gambling your trading. that's why we call ourself traders and not gamblers in forex trading. Because if we say we gamble in forex then we call ourself gamblers.

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The key here that draws the line between a gambler and a good forex trader is knowledge and application of that knowledge to trade. A good trader learns and understand forex before getting into it, plans for their trading so the decions that they make are well thought out as opposed to a gambler who can just guess.

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  • 3 weeks later...

There are a lot of things at play when you are dealing in forex and an educated mind will be able to do better analysis and strategize to ensure that they are better placed to make profit. A gambler can just close their eyes and choose any trade and randomly make trading decisions whereas a learned trader will choose trades carefully and make informed trading decision. The learned individual stands better chances of making profit that the gambler.

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This is

It won't be the same as we always learn something from forex which we can't do in gambling. So I think it's more profitable to be in forex as well. That's why I just focus in forex and I don't consider going into gambling at all.

 

I havent considered gambling myself because I have no influence on the outcome or the result at the end of the day. If there was somehow that I can do some preparation or do better analysis that will guide me on what to place my bet on in order to increase the chances of success then it would be better.

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For new traders who is yet to learn all the basic rules like money management, finding good trading systems, yes the forex trading will be a gamble till they learn the need basics first. But for experienced traders, forex trading isn't a gamble in any way. They know how the market works and where the market turning points will happen, which will give them an edge when entering into any trade.

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Forex is only gambling to all of those newbies who does not do any analysis. But if you do analysis you will not going to thing that what you are doing is gambling. In fact forex trading is really a good way to earn money if you just know what to do next. I'm happy that some how I'm earning in forex trading. Although I can't say that I'm good and stable in forex trading right now but at least I'm surviving.

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I usually trade with demo account and a make those trade, but when ever it comes to the real account am not certain about what is happening.

 

In a sense you don't have to be certain of the out come to enter a particular trade, because no one can do that every time, market will surprice you in different ways even if you an experienced trader. The best way to approch is to plan trade, set your stop losses and let the trade happen, if you have good money management you can survive even after many losses, then use your past results and the lost trades to understand the reasons of loss and change that.

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Trading works on speculation and not certainty so you cannot expect to get your forecast right all the time. The best that one can do is to prepare themselves in order to get a better chance of winning the trades and therefore making profits in the process. The difference here is that you have a game plan to follow in trading than in gambling where you leave everything to chance.

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  • 2 weeks later...

Trading works on speculation and not certainty so you cannot expect to get your forecast right all the time. The best that one can do is to prepare themselves in order to get a better chance of winning the trades and therefore making profits in the process. The difference here is that you have a game plan to follow in trading than in gambling where you leave everything to chance.

 

There are some who use game plans to play with even in gambling, One can use deep study of previous games and sessions and how they ended and bet on certain matches with more stratiges, i have seen some getting consistant profit in sports betting. But if you use that much knowledge in forex you can do lot better as forex isn't random.

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You will forever come up with that if you don't be acquainted with what you are doing since just like gambling you are just depending on luck, and not to your ability. The most excellent thing you can do is to deal using a demonstration account since FOREX trading is not a gambling.

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  • 2 weeks later...

If you don't know what will be the outcome then you are gambling with your money. Because this is clearly a sign that you don't do any analysis. But if you do analysis you will know that the price is going to go up or going to go down and that's the reason why you going to open a position since you going to ride along with the current price range.

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I am agree too. always prepare ourself with good knowledge and trading experience. by have it, we will not trading rely on luck only and always make analysis about the market movement before make order. we are not gambling in this way and although the result maybe not in our favor, at least, we already try hard to trading and not to gambling. in every trading business, impossible to always profit everyday.

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First of all if you are in casino then what you are doing is gambling. But if you are in forex market then what you are doing is trading. Now if you don't know how to trade it does not mean what you are doing is gambling. In fact if you don't know how to trade and still open a position what you are doing is not gambling but stupidy. Because even gamblers do use skills and do use analysis like the odds of making profit and odds of losing.

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