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I Think Forex is Just Gambling , Do you?


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173 replies to this topic

#1
kiranchandra

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In the Forex business all the feature have to see is just gambling and waiting for my turn to come on and get paid in trades ?

 

I dont see much of improvement in my trading efforts and feel like im just playing a casino ahead ?

 

What should i do ?
And it is the good one.


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#2
gaban

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no, I do not think like that. I think forex different to gambling. I think there are no buy and sell in gambling, while there are sell and buy  in forex trading. And for can generate profit in forex we need science. Without science, we would not make a profit. while gambling, whether we need science to be able to make a profit?


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#3
uncle gober

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I dont think that forex trading is gambling, because we need knowledge and skill here. We have to understand of forex market to make right analysis and get maximal profit. As a trader, we also must maximize what have been provided by our broker. I also try to take advantages of trading conditions in Armada Markets.


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#4
Pamm Manager

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Forex is a business that need a good handle. So this is not a gambling.

I don't agree if forex called as a gambling, this ini not a lucky game.


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#5
standart

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you need to start learning in order to make your analytical skill improve. you also need to observe the market in order to know their behaviors. its lead you to point out the strategy used to make profit in trading. when you just guess and not perform analysis, you'll get loss only. because you are not trading but gambling.


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#6
davils9

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I think forex is a most important business and many man of the world like it. I hope forex is most important for the man and woman and it is important for the students. They can make money from forex market beside their study.


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#7
adil007

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In my view forex is not like gambling however luck is also needed in forex trading but in gambling we entirely depend on our luck however in forex trading we have to use our skills, knowledge and control our emotions while doing it as well so I think forex trading is different from gambling.


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#8
davils9

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Forex trading is very popular and every man of the world like it and I also like it so much. I want to be a good trader and I want to learn more and more about forex so I want to join a forex school for increase my skills.


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#9
adil007

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Another view which I have is that in gambling we mainly predict what would happen, although we use prediction in forex trading also but unlike gambling we have to combine our knowledge and skills as well over here in order to make money not just prediction is okay in forex trading.


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#10
davils9

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Forex is a risky business too. So we need to be careful and increase our knowledge for forex. So we can earn more and more.


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#11
adil007

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Yes indeed forex is risky which can be seen as a similarity to gambling because gambling is also risky and we are never 100 percent sure that what we predictied would be correct or not. So in a way both are similar but there are more difference.


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#12
gaban

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Forex is different from gambling. We have to do a good analysis if you want to get profit from forex. Without good analysis, then our trading could fail. This is what distinguishes the forex to gambling.


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#13
sidejob

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In the Forex business all the feature have to see is just gambling and waiting for my turn to come on and get paid in trades ?

 

I dont see much of improvement in my trading efforts and feel like im just playing a casino ahead ?

 

What should i do ?
And it is the good one.

This is actually a quite complex if you ask me, maybe you should change your mindset, why? if with that mindset it just same when we talk about other business, we can put them into gambling section if we want, because we need to wait our turn to come one and get paid, is that clear? for example: become the owner of a company in stock, you need to wait for your turn to come on(usually about 1 year) and you will get dividen.


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#14
davils9

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I think forex will be better for me, because I am a student now. I can make money from forex beside my study so it very important for me. I also like it so much and I want to be a good trader too.


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#15
davils9

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I am a student now and I want to make more and more money from forex market and it will be better for me. I like forex market so much and I want to be a good trader. So I need to learn more about it.


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#16
Decub

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Yo some extent, one would say that Forex is similar to gambling but honestly, not in it's entirety. Gambling is such a risky business that is better avoided than attempted because other has a way of making you get addicted to it. A gambler is always gambling with the hope that luck would pay off.
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#17
standart

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well, if traders just guess between buy or sell, make forex similar with gambling. but if traders work to make profit chance wider by conduct analysis, they'll have high chance to make profit. traders who don't understand how to conduct perform trading lean to apply gambling in trading. and if don't want to do that, traders should take practice and learning. in order to construct good analytical skill.


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#18
adil007

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Well I do not think forex is completely similar to gambling, it has its differences as well as its similarities with gambling, in forex we are required knowledge, usage of strategies and things like this but in gambling we can make money depending on our luck as well which makes gambling quite easier than gambling. However there are still similarities also.


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#19
uncle gober

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Sometimes I do not get it when people say that forex trading is gambling. If forex trading were gambling, I'm sure that there will be no use for the indicators in the trading platforms in which case, traders will be compelled to think that these indicators are meant to decorate the trading platform.
 
Prove why Forex trading is not a game of gambling?
 
1: In gambling we depend on our luck, why in Forex trade we depend upon our knowledge and experience,
2: IN gambling you don`t need to learn any thing before you can predict, why in Forex trade you need to learn very hard before you can start trading
3: In gambling you don`t have to sell or buy anything. But in Forex trade we do buying and selling
4: there is nothing like investing in gamble, all is all about is to predict in football, play card game, and may of them, but in Forex trade we invest
5: gambling is an illegal art which is against the law, but Forex trade is acceptable in every part of the world.
 

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#20
standart

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many people think that forex gambling since we seems spend money for nothing unless loss and profit result. well, they are wrong actually since we are buy and sell currencies. though we can't hold the currencies, but its still called trading. same like if we are have money but we put it in bank account. we are hold no money but we know that we have the money.


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