In Forex business and gamebling both possible or not ?

[Decub]

both is possible, it is depend on that person who treat forex what he like to be, if he doing fotex as a business thsn he must be prepare being a good trader with good market analysis knowledge, but if he want forex just a gambling platform than he will use his capital just like gambling only taking buy or sell for luck without money management, the chance for doing business or gambling are same 50:50 chance, the only different is traders current will

Sure, and you find out that in most cases, when you treat Forex as gamble or trade in Forex in a gamble manner, it doesn't always favor. People who do this and succeed in it which I do not choose to call gambling are those who trade by chance as a result of the analysis they have done before, and then decides to take the risk or hit by chance.

 

[budado]

I do recommend that we spend more time trading in forex and lets just hope that in two to three years time we can become a successful trader. I know many don't want to wait that long to become a successful trader. But in my part I have patience to become a successful trader. I do believe that patience is the key to success in forex trading.

 

[Angelic]

I do recommend that we spend more time trading in forex and lets just hope that in two to three years time we can become a successful trader. I know many don't want to wait that long to become a successful trader. But in my part I have patience to become a successful trader. I do believe that patience is the key to success in forex trading.

Well, the interval of success with all trader differs due to the source which we learn from differs and the capital to be started with differes some become successful under months. Coming to the thread topic forex trading should not be done the gambling way its not right doing so.

 

[Cutiekc]

Well forex is only gambling if you don't know anything about the market and how it works. For me gambling is a game of chance where anything can happen. In forex most of the time if you do the right analysis you know what will happen and make profit out of it.
But of course there are people that will just put their money blindly on a pair and wait to see what happens. For them forex is certainly gambling.

Some people do delibrately take forex trading as gambling perhaps because they are lazy to learn or perhaps because of not having someone to take them alone. Futhermore, in the right and true senses, forex trading is not gamble it is a business that purely goes with knowledge and skills.

 

[ryuken]

I think gambling is not that easy, we have to understand that some of the time we should be mroe interested into spending the money and that is the time we have to learn to differentiate between the good and bad ways in the forex trading. most of the people should not do the gambling because not all people are lucky.

 

[Cutiekc]

Forex trading is never a business of gamble although that most people treats it as a business of gamble but that is not advisble, we will need to understand the concept. Truely it might have some things in common with gamble but when we look closely we will see the reason why it shouldn't be taken as gamble. With the analysis mothed we can predict correctly the market to some an extent.

 

[Daisy]

It will be gambling if you trade blindly and I'm certain that there are many who are desperate and will trade blindly like gambling and get all impulsive and then quit their job and then just trade cause they dislike hard work or they open like fifty trades at once and get all compulsive about it. They throw all their money in one basket and lose. I think its very likely that people get addict to forex and there should be warning or help out there for problematic forex addicts cause it can cause them to lose a lot. However, with some education, forex can be quite a pleasant earning experiences. I think its better than gambling and poker if you ask me.

 

[barood4money]

Logically, both are possible. When you trade without any knowledge, then that is gambling. that time your luck decides your destiny. Whether you will get profit or loss, it is totally unknown. But when you trade with knowledge and skill, then that is professionalism. That time it is in your hand that whether you will make profit or loss.

 

[Decub]

Logically, both are possible. When you trade without any knowledge, then that is gambling. that time your luck decides your destiny. Whether you will get profit or loss, it is totally unknown. But when you trade with knowledge and skill, then that is professionalism. That time it is in your hand that whether you will make profit or loss.

Quite correct, in Forex, people gamble as well just about the same way a real soccer spunt will gamble a variety of games. The real brain is in the winning and that is where the difference comes in. A trader who rushes into the market upon seeing a signal without his own proper analysis is only gambling just the same way a sports fan will listen to news and go out to bet based on that.

 

[tray]

From what is going on I think that forex have some functionality more than the gamble of a thing if you just chose to gameble in forex just be sure that your life span in this business will be slim and the chance for you to make profit is also slim

 

[barood4money]

When you put a trade just for gambling, then the probability stays 50:50 for you. Because you don't know anything about the market,whether market is going upward or going downward, you have no idea. So that time you may get a good profit or a good loss.

 

[tray]

To be sincere here in this business a good forex trader must be sure that he dose not trade forex as game base job because if he dose so then be ready and be sure that you are going to fail without signal in this business

 

[Decub]

To be sincere here in this business a good forex trader must be sure that he dose not trade forex as game base job because if he dose so then be ready and be sure that you are going to fail without signal in this business

But most times, you even find out that the big traders are the ones that gamble a lot. Though one might not see it as gambling in the real sense of it but they tend to risk games the more by taking chances after analysis which ordinarily, an average trader would not find it easy to take.

 

[Daisy]

Forex can be gambling if the trader has a gambler's mentality where he open revenge trades and put all of his money in one baskets and do not know when to quit. There are gamblers who will find all sort of portal to gamble and even make up their own gambling hall in their own home so I think forex is their dream come true. They will gamble with it. I think they will lose though as they need to understand forex in order to make profit and its not like black or red in gambling where there is no thinking required. I just hope that they wise up and learn and not lose their money. Forex can be detrimental to those who do not manage their risks.

 

[Decub]

Revenge trading is pure characteristics of the greedy and impatient traders. One would say that they are those who want to get all they want at all cost and they end up losing over and again. A typical characteristic of an addicted gambler. Forex even have options for you to minimize the risks of losing but where so many get it wrong is their inability to utilize these features and that results to the major reasons those traders fall in the pit.

 

[hasan87]

Yes, I agree with you. We can call Forex a gambling when a trader trades by depending only luck. Normally Forex is very risky market but unconsciousness and lack of experience and knowledge make it more risky. But an experienced trader think Fores as a business because he knows how to trade properly.

 

[Daisy]

Revenge trading is pure characteristics of the greedy and impatient traders. One would say that they are those who want to get all they want at all cost and they end up losing over and again. A typical characteristic of an addicted gambler. Forex even have options for you to minimize the risks of losing but where so many get it wrong is their inability to utilize these features and that results to the major reasons those traders fall in the pit.

I mean I live in casino city so I know exactly what gamblers do. I can see it in hundred and thousands of gamblers and I do not doubt that they are aware of forex and all sorts of gambling out there. So I think there are a lot of gamblers in forex as well. I just hope that when they're posting in forums, we do not get discourage from their failures stories.

 

[Pettyeve]

Forex and gambling will look like they are the same thing but they are not the same thing. Gambling is different from forex because you will have to be able to analyze before you can be able to trade. When the trader is not making his or her analysis he or she will not be able to trade well.

 

[Decub]

I think there are quite a lot of differencies between Forex and gambling. Trading in Forex is on its own, a business that requires much more than just learning how to trade. For a trader to be successful in Forex, he has to be knowledgeable and skillful in Forex and not just to trade. That which sets out the difference is that gambling is such which requires more of luck than skills.

 

[tray]

Forex trading have nothing to do with gambling its a real game and business which you do when you try and learn then you stand a good chance to earn that is all but when you do not learn there is no way which earning can be possible