Is forex gambling?
Apr 30, 2013 at 10:21
nobody force his beliefs... all of us was watching ironman thoughts for so long till now...
just dont be so sensitive when u hear smthing against ur thoughts... actually Seyed said what i was thinking to say but in a better way... so he is expressing some of our opinions here... just dont have excessive allergy when u facing opposite thoughts... accept it as we r accepting ur thoughts...
i suggest if u guys wanna continue ur discussion... open a new thread ;)
just dont be so sensitive when u hear smthing against ur thoughts... actually Seyed said what i was thinking to say but in a better way... so he is expressing some of our opinions here... just dont have excessive allergy when u facing opposite thoughts... accept it as we r accepting ur thoughts...
i suggest if u guys wanna continue ur discussion... open a new thread ;)
May 01, 2013 at 06:32
If you trade without brain that mean gambling , if you trade using ratio and calculation that mean not gambling. In the world live is similar with gambling . just need positive thinking to be not gambling. Even you open business if you can not manage and can not target your sales you will be losses too ? Just do not steal and hurt others quite as the world capital of peace alive.
step by step to make a profits
May 01, 2013 at 06:33
FX is a form of calculated gambling, sort of like poker is the way I see it. For your competing with everyone sitting at your table, which in the case of FX is people from around the world. To get reads upon each other, we all use different forms of 'momentum' indicators too see which way the markets are going!
"The propensity to truck, barter, and exchange one thing for another is common to all men, and to be found in no other race of animals." -Adam Smith
May 05, 2013 at 02:11
(editado May 05, 2013 at 02:12)
You decide. You can make it gambling by being random in your decision or by being tied to the maths side of things only when trading, or, you can just utilize time and price action when deciding to trade. Gamblers lose, traders win.
MedoJoe.COM
May 06, 2013 at 05:37
Let's look at gambling on football. Suppose the whole world place bets on A club victory against bookies. But if the football game is complete, and it turns out that B club won the match, then the whole world will be lost.
In that case forex, apply the law of economics (supply and demand). If the demand for currency EUR increases, the price is definitely EUR will rise. However, if the supply of the currency EUR increased, it is definitely the price drops.
There is not the slightest similarity between forex and gambling.
In that case forex, apply the law of economics (supply and demand). If the demand for currency EUR increases, the price is definitely EUR will rise. However, if the supply of the currency EUR increased, it is definitely the price drops.
There is not the slightest similarity between forex and gambling.
baihaki
May 08, 2013 at 07:58
JoeDorman posted:
For small accounts its a game.
For bigger accounts its pure mathematics
No, it doesn't matter what size your account has. Adjust size of trades accordingly.
But, as for gambling, the OP asked since he was afraid it might be against his religion to trade Forex. If it was gambling it would be a sin, otherwise it would be alrigt.
And that's a question anyone with a religion should ask themselves. In Islam it is forbidden to make interest from borrowed money. That could become a factor here.
So, don't take any chances with religion. Just do something else. Everything can't be forbidden. :)
May 08, 2013 at 11:48
Forex is not gambling. There is cycle and pattern which should to be done on every cycle. You can study about forex using trendlines like wd.gann research. here my simple based price action combined with trendline strategies that may you can learn from my performance. There is no secret on forex. https://www.myfxbook.com/members/sniperfx/only-tl/563711
May 08, 2013 at 15:17
maybe I just one of new Member here, but after read page 1 and page 2, I want to post some of what I thinking and what I understand which from GOD have taught Me, sure from inside My brain.
for Starlab, sorry Mr. with username Starlab, for a Person who believe to GOD, I must be honest, You are one of funny People in Your current condition now.
You ask to the forex forum community, is the forex is one kind of gambling or not ???>>>then why ?>>>cause look like You're worry about something called 'sin', then You have give Us argument, if forex is gambling, that the good reason Why GOD don't like it and Why lots of Peoples loss in forex, You are very 'LOL' at the moment Sir :).
even lots of Geenie Who I know and be Friends surely laugh cause You.
Forex is trading, then You buy and sell, fortunately, I make All of here to remember, GOD never love trading, although I am Muslim and Muhammad as prophet is become a Trader when Young, as like as other Prophet, He must said like I say 'GOD never give love for trading'>>>>why ?
there is little explanation >>> I am have lots of little fish from My farm and Mr. Starlab is a gold miner, cause some crisis, and cause GOD make me become smart creature, I know the condition and I can manipulate it, hehehe
Mr. Starlab then just have lots of gold, become starving and just have little water in the mountain of gold, I come to Him and say 'I have lots of little fish and sure I can help and send lots of water from the pool of fish, hehe'>>>>I take lots of Mr. Starlab gold, agree or not, He will agree or just die, cause before that, I keep My habits as good person and I am praying much everytime I remember like this 'GOD, please, You have made Mr. Starlab found lots of gold and I get lots of little fish, when I need money Mr. Starlab always ignore peoples like Me, then now I see the chance, please give Me permission to get as much gold from Mr starlab with littlle fishes YOU have give to Me'>>>>>maybe not as you like, sure GOD can give permission.
and sure lots of Member here must agree that I am is smarter Trader from that case, isn't it ?
sorry My English maybe bad, and why I said Mr. Starlab is funny Person ? >>>answer is Mr. Starlab remember GOD, but He give more support for Casino than forex broker, and then Mr. Tomas as Iron man claimed that He do not know GOD, but He care about hungry children in Africa, that is a clue, that GOD give chance to Mr. Tomas as Iron man to send just little of His fish and money to the starving Peoples, then lots of Peoples will make You happy, Mr. Tomas.
and for Mr. Starlab, We must say that is it the truth, some bad Peoples not just get trading as gambling, but Their marriage with Their couples usually is a gambling too, isn't that a beautiful punishment to Peoples who claim as faithful Person but do not keep Their GOD names to the other ?
I am trading forex, when I loss that cause My mistake, not other, lots time cause My emotion and panic, that normall, other Peoples have company then go to bankruptcy and other get success
I am still trading and I got profits, that cause I am become better for Myself and GOD give more love to Me cause that.
If I have more of lots of money, then I loss again and again, I will accept it as My destiny, then say lots of thanks to GOD, that easy for Us (Me and My bestfriend), that is a sign GOD give clue to Me, I must adapt be smarter Investor and find better Trader, So I can make other happy too and I got the prize, cause have more relax, very beautiful, isn't it ?
for Starlab, sorry Mr. with username Starlab, for a Person who believe to GOD, I must be honest, You are one of funny People in Your current condition now.
You ask to the forex forum community, is the forex is one kind of gambling or not ???>>>then why ?>>>cause look like You're worry about something called 'sin', then You have give Us argument, if forex is gambling, that the good reason Why GOD don't like it and Why lots of Peoples loss in forex, You are very 'LOL' at the moment Sir :).
even lots of Geenie Who I know and be Friends surely laugh cause You.
Forex is trading, then You buy and sell, fortunately, I make All of here to remember, GOD never love trading, although I am Muslim and Muhammad as prophet is become a Trader when Young, as like as other Prophet, He must said like I say 'GOD never give love for trading'>>>>why ?
there is little explanation >>> I am have lots of little fish from My farm and Mr. Starlab is a gold miner, cause some crisis, and cause GOD make me become smart creature, I know the condition and I can manipulate it, hehehe
Mr. Starlab then just have lots of gold, become starving and just have little water in the mountain of gold, I come to Him and say 'I have lots of little fish and sure I can help and send lots of water from the pool of fish, hehe'>>>>I take lots of Mr. Starlab gold, agree or not, He will agree or just die, cause before that, I keep My habits as good person and I am praying much everytime I remember like this 'GOD, please, You have made Mr. Starlab found lots of gold and I get lots of little fish, when I need money Mr. Starlab always ignore peoples like Me, then now I see the chance, please give Me permission to get as much gold from Mr starlab with littlle fishes YOU have give to Me'>>>>>maybe not as you like, sure GOD can give permission.
and sure lots of Member here must agree that I am is smarter Trader from that case, isn't it ?
sorry My English maybe bad, and why I said Mr. Starlab is funny Person ? >>>answer is Mr. Starlab remember GOD, but He give more support for Casino than forex broker, and then Mr. Tomas as Iron man claimed that He do not know GOD, but He care about hungry children in Africa, that is a clue, that GOD give chance to Mr. Tomas as Iron man to send just little of His fish and money to the starving Peoples, then lots of Peoples will make You happy, Mr. Tomas.
and for Mr. Starlab, We must say that is it the truth, some bad Peoples not just get trading as gambling, but Their marriage with Their couples usually is a gambling too, isn't that a beautiful punishment to Peoples who claim as faithful Person but do not keep Their GOD names to the other ?
I am trading forex, when I loss that cause My mistake, not other, lots time cause My emotion and panic, that normall, other Peoples have company then go to bankruptcy and other get success
I am still trading and I got profits, that cause I am become better for Myself and GOD give more love to Me cause that.
If I have more of lots of money, then I loss again and again, I will accept it as My destiny, then say lots of thanks to GOD, that easy for Us (Me and My bestfriend), that is a sign GOD give clue to Me, I must adapt be smarter Investor and find better Trader, So I can make other happy too and I got the prize, cause have more relax, very beautiful, isn't it ?
May 08, 2013 at 19:46
sorry I make double post, and important addition, to support forex is not gambling, but human can make everything become bad thing just like gambling.
Mr. Starlab said forex is gambling then that is Why GOD don't like it and lots Peoples become loss>>>>that is wrong
how about selling narcotic ?>>>lots of Peoples become richer and some going to jail and other killed cause the business.
the fact is, GOD know every details and do not like We analyze chart price, when GOD have the right to make some Peoples become poor, cause GOD know the best how that Person when going rich become worse, and forex and other business can't help when GOD want it, it will.
the good examples is, Why We trade Eur/Usd, when We know the volatile at Gbp/Jpy and other exotic is better, have more volative, logically make Us richer ???>>>with smooth design GOD make lots Trader more to trade Eur/Usd than exotic currency pair :)
Mr. Starlab said forex is gambling then that is Why GOD don't like it and lots Peoples become loss>>>>that is wrong
how about selling narcotic ?>>>lots of Peoples become richer and some going to jail and other killed cause the business.
the fact is, GOD know every details and do not like We analyze chart price, when GOD have the right to make some Peoples become poor, cause GOD know the best how that Person when going rich become worse, and forex and other business can't help when GOD want it, it will.
the good examples is, Why We trade Eur/Usd, when We know the volatile at Gbp/Jpy and other exotic is better, have more volative, logically make Us richer ???>>>with smooth design GOD make lots Trader more to trade Eur/Usd than exotic currency pair :)
Miembro desde Apr 14, 2013
posts 402
May 09, 2013 at 05:32
bA1hAk1 posted:
Let's look at gambling on football. Suppose the whole world place bets on A club victory against bookies. But if the football game is complete, and it turns out that B club won the match, then the whole world will be lost.
In that case forex, apply the law of economics (supply and demand). If the demand for currency EUR increases, the price is definitely EUR will rise. However, if the supply of the currency EUR increased, it is definitely the price drops.
There is not the slightest similarity between forex and gambling.
Supply and demand doesn't always apply. As price action trumps everything which we see. Not many people can actually read price action. Which is why so many of us fail! If the market was as simple as supply and demand, then everyone would be earning massive profits day in and day out.
Focus on pip-drawdown
Miembro desde Apr 14, 2013
posts 402
May 09, 2013 at 05:33
sniperfx posted:
Forex is not gambling. There is cycle and pattern which should to be done on every cycle. You can study about forex using trendlines like wd.gann research. here my simple based price action combined with trendline strategies that may you can learn from my performance. There is no secret on forex. https://www.myfxbook.com/members/sniperfx/only-tl/563711
Forex is indeed gambling. As the definition of gambling is to take a wager on anything in which you aren't certain of the outcome. In return of financial gain. As someone else mentioned prior. If we take calculated risk. We then better the odds of closing our position for profit. There is a science behind currency trading. It is rather difficult to control our emotional impulse.
Focus on pip-drawdown
May 09, 2013 at 08:51
(editado May 09, 2013 at 08:51)
lsn...
in my opinion what makes forex more like gambling is that the fact of.... its not an exact science....
anytime in our lives when we in a place to take a decision while its surrounded of uncertainty we will be exposed to gambling...
simple scenario :
assume u wanna buy a T-Shirt..... everyone will have his own aspects... cheap, looks nice, comfort or what ever!
u will have many choices.... but why u go for a certain choice.... simply coz u thought its the best,
will that make it really the best for u!!!
not always...
so guys, make it easy.... this is our life's nature!
in my opinion what makes forex more like gambling is that the fact of.... its not an exact science....
anytime in our lives when we in a place to take a decision while its surrounded of uncertainty we will be exposed to gambling...
simple scenario :
assume u wanna buy a T-Shirt..... everyone will have his own aspects... cheap, looks nice, comfort or what ever!
u will have many choices.... but why u go for a certain choice.... simply coz u thought its the best,
will that make it really the best for u!!!
not always...
so guys, make it easy.... this is our life's nature!
May 09, 2013 at 09:05
Master_Kiwa posted:
Supply and demand doesn't always apply. As price action trumps everything which we see. Not many people can actually read price action. Which is why so many of us fail! If the market was as simple as supply and demand, then everyone would be earning massive profits day in and day out.
What do you think make price action work?
Supply and demand.
Example. If XXX/XXX drops to 1.30000, it is concidered cheap, and a lot of people will buy it. The demand to buy increases, and there aren't so many sellers around. The price goes up.
If XXX/XXX goes to 1.50000 it is concidered expensive, and people will sell it. Lots of people wants to sell, but there aren't many buyers around, thus the price drops.
And it is all in a days work with price action.
May 09, 2013 at 09:26
yeah n thats another issue...
first existence of supply n demand means a trade will be in process...
price is more complicated story....
controlled by many factors such as : not only the level of supply n demand ... as a major factors....but there r uncountable factors... for example... fear n greed.... fair pricing....etc...
first existence of supply n demand means a trade will be in process...
price is more complicated story....
controlled by many factors such as : not only the level of supply n demand ... as a major factors....but there r uncountable factors... for example... fear n greed.... fair pricing....etc...
May 09, 2013 at 09:58
Nah, it all comes down to supply and demand.
Greed and fear are both sorted in there... fair pricing? That's subjective...
Supply and demand are the only factors that matter, but there are a LOT of variables in each and we can never get a full view of it all...
It is that simple.
Greed and fear are both sorted in there... fair pricing? That's subjective...
Supply and demand are the only factors that matter, but there are a LOT of variables in each and we can never get a full view of it all...
It is that simple.
Miembro desde Apr 14, 2013
posts 402
May 10, 2013 at 08:25
Thank you Ironman for your response. Although supply and demand produces price action as you stated. One can read price action, and not supply and demand. Supply and demand has no trend. Price action actually does. Major part of supply and demand in stocks is using level 3's you can see the SUPPLY, in which you can accurately predict the demand it will take to knock out a price range. In currency we do not have that access. As there is no actual FLOAT in currency.
FYI - FLOAT is a stock term used to inform the public how many free shares are left on the market to buy.
FYI - FLOAT is a stock term used to inform the public how many free shares are left on the market to buy.
Focus on pip-drawdown
May 10, 2013 at 08:26
Guys, I want to make You remember, no one in social knowledge/degree is a exact science, sure 'economic' include of them.
for example, one of economic law based said, when the price going cheaper, buy it>>>>just happened on citeris paribus.
when the currency on X country going cheaper and down, lots Peoples do not want to buy it when it on war and situation not stable.
although the price of potatoes in Y village going down, All Y village resident do not have obligation to must buy as much as potatoes, just cause lots of Y village resident become not interested again with potatoes taste.
for example, one of economic law based said, when the price going cheaper, buy it>>>>just happened on citeris paribus.
when the currency on X country going cheaper and down, lots Peoples do not want to buy it when it on war and situation not stable.
although the price of potatoes in Y village going down, All Y village resident do not have obligation to must buy as much as potatoes, just cause lots of Y village resident become not interested again with potatoes taste.
