Forex is not like gambling
Member Since Feb 16, 2022
63 posts
Oct 01, 2022 at 11:52
For long-term trading, you need strong market analysis. Internal and external market knowledge is essential.
Member Since Sep 06, 2022
26 posts
Oct 04, 2022 at 11:06
Trading requires a mindset and skills that can be used in the best possible way, the results of which depend on the market conditions and the trader who trades. In gambling, however, there are no skills and only a mindset (filled with hope and false beliefs), and the results of gambling depend on the house (the house always wins), and the gambler has to lose. Trading is fair, while gambling is mostly unfair.
Member Since Sep 13, 2022
16 posts
Oct 10, 2022 at 08:27
Forex trading is more like a logical speculation that is done after careful analysis of the market situation. Traders have a well defined strategy and risk management plan that they follow while trading and this is not something that a gambler would do. Forex trading is like a serious profession for me as I always work towards improving my skills as a trader to attain long term success.
Member Since Sep 13, 2022
8 posts
Oct 19, 2022 at 09:16
Forex trading is not a game of chance. The foreign exchange market is a market where currencies are traded. Forex trading can make you wealthy if you are a hedge fund with big pockets or an incredibly adept currency trader. It is, nevertheless, far riskier than internet gambling. Accepting forex as a business rather than a game will allow you to make better decisions and learn how to construct effective trading techniques. You must have a lot of knowledge and be up to date on what is going on in the globe to do this. The trick to working in silence is to be patient. It's not like playing a slot machine.
Oct 31, 2022 at 12:36
Bannock posted:Well said!
Forex is a complex financial instrument that can be beneficial to both the individual and businesses. However, it should not be confused with gambling, which is a form of betting on the outcome of games. In Forex, traders buy and sell foreign currencies against other currencies, which can lead to profits or losses.
Nov 03, 2022 at 09:33
Forex trading will never be a gambling game for a trader who has a good amount of fundamental and technical knowledge on how to take up and execute trades profitably. Logical calculations and effective strategies will be combined with trading psychology while trading rather than luck.
Dec 26, 2022 at 09:49
Gambling is nothing but a game of luck. And trading is a noble profession which requires knowledge, skills and expertise to begin with. You have no control over your wins and losses in gambling. But you can decide how much you will lose by managing the risk in forex trading. A forex trader will pay at most attention to risk management and market analysis which is not something a gambler does.
Member Since Nov 29, 2022
40 posts
Dec 29, 2022 at 05:56
Short answer: No!
A successful forex trader makes informed decisions based on market analysis and economic conditions. And this doesn’t happen as luck. While trading does involve some element of risk, forex traders use strategies and risk management techniques to help mitigate potential losses and improve results.
A successful forex trader makes informed decisions based on market analysis and economic conditions. And this doesn’t happen as luck. While trading does involve some element of risk, forex traders use strategies and risk management techniques to help mitigate potential losses and improve results.
Member Since Mar 09, 2023
1 posts
Mar 09, 2023 at 18:55
I completely agree with this statement
Forex trading is not about blindly placing bets and hoping for the best.
Forex trading is not about blindly placing bets and hoping for the best.
Member Since May 08, 2023
93 posts
May 13, 2023 at 00:37
If a person trades for excitement or social proofing reasons, rather than in a methodical way, they are likely trading in a gambling style. If a person trades only to win, they are likely gambling. Traders with a 'must-win' attitude will often fail to recognize a losing trade and exit their positions. That is the difference between a trader and a gambler.
Apr 23 at 17:04
(edited Apr 23 at 17:05)
cherry_tomas posted:Your story is a compelling reflection on the thin line between speculation and gambling, whether in forex markets or in a casino. Both environments can offer the thrill of risk and the potential for reward, but they also hold the possibility of significant losses, especially without discipline, strategy, and awareness of the risks involved.
Forex can be gambling if you want it to be gambling. But then results will be similar to what you can expect in a casino. House always wins (in the end). I did gambling in forex for many times. Especially during those hard times when I lost faith in my strategy. Only to be knocked down on the ground. And then to be beaten even harder when I witness how much I could have earned if I was disciplined and patient enough to actually execute my strategy.
I remember one evening I was taking picture with my camera in the streets. I was approached by a stranger and he asked me what I was doing. He listened to me with interest and humbleness. And then he told me that he was a casino addict and that he was waiting for the court the next day. Because he was in debts. He had lost everything - his money, assets, wife, family... His friends abandoned him and the only friends he now had was the casino pals. Guys in the same boat as him. Broke and addicted.
He said to me: what you're doing is beautiful. Don't you ever end up like me.
And he walked away.
Well. I didn't go to a real casino yet. Except [url=https://casinojax.net/]here[/url] I was gambling. And I did my part of gambling there. Now I'm learning to trade professionally.
If I ever go to casino - I will go when I'm rich and I'll drive there with my Maserati. Just for the fun. :)
Member Since Apr 08, 2024
46 posts
Apr 25 at 13:45
UweMoench posted:Absolutely! Viewing forex trading as a business, not gambling, is key. It's about speculation with strategy, not chance. This mindset shift helps traders approach the market with diligence and discipline, paving the way for success. Appreciating your perspective on treating trading as a serious business endeavor.
Forex is not like gambling. I have taken trading as a business and a business isn't a betting it is about speculation. Different traders intentionally or unwittingly consider trading to be betting. Thusly they wind up losing their cash. We should see it as a business.
Member Since Aug 13, 2024
34 posts
Sep 23 at 14:54
Completely agree! Trading is far from gambling if you treat it the right way. It’s all about analyzing the markets, managing risks, and making calculated decisions. I’ve seen traders who jump in without a plan and treat it like a bet—they usually don’t last long. For me, it’s more like running a business: I follow my strategy, manage my capital wisely, and always learn from my trades. Sure, there’s always some risk, but when you approach it with discipline and a clear plan, it’s far from a gamble.
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