Is forex like a gambling game?

[sindarin]

Again I want to say that forex is different form gambling. We can trade by using reasonable indicators, and sometimes the broker provide it.

Reliable indicator does not mean that you can make profit with it, also there are some people claim their indicator is accurate but the reality is so much different. Even using a reliable indicator it does not mean you can a make a profit, and to be honest gambling is more profitable than the gambler's own host.

 

[sindarin]

You need to totally differentiate the FX market with the Gambling because you need to have a good trading plan and also other features so that you can feel good in the Forex Market.

Anyone can see what is the different between FX and gamble, even in gamble a trader could did some strategy or doing some kind of trading plan. This is what make us hard to know which one is forex and gambling.

 

[budado]

Anyone can see what is the different between FX and gamble, even in gamble a trader could did some strategy or doing some kind of trading plan. This is what make us hard to know which one is forex and gambling.

If you know what you are doing then you know if you are gambling professionally or trading professionally. What is the core of gambling is it luck? The answer is no. Gambler base their trade on odds, probability and so on. While traders base their trades on facts like data gathering and so on.

 

[CahCuncun]

Even, a game also has rule.That's why a trader also must have trading rule so they can get the best result. We also must understand about forex trading as well as possible.

 

[sindarin]

Even fact sometimes misleading, and overall forex is actually the biggest gambling in the world. I am sure you all know here who is blackjack team, which has some proven strategy to beat many hoster of gambling and in forex we have like Soros Fund Management.

 

[cashcube]

If a person has no knowledge about financial market. Then its sure shot gambling for him/her.

 

[IVBrokers]

It depend on how the traders doing their trading activity, if the traders using an analytical skill to predict the movement of market than it's not a gambling, because gambling is just depend on luck from the gamblers itself. But if we trading just depend on our luck, than it can be practically same as gambling.

 

[budado]

We are not 100 percent sure what will be the next trend will be. We can only do analysis and hope for the best chance of the trend movements. But once we open a position we are at the mercy of the forex market. So its still a gamble each time we open a position. We only can minimize the chance of loses and maximize the chance of profit if we do analysis.

 

[sininfinity]

The topic is a matter of never ending debate. My personal opinion is that forex market is a wrong place for gamblers. They lost their way and came to gamble in the wrong place. But since they see the potential and don't want to learn but boast about they are gamblers, makes them tell people forex and gambling are the same.

 

[Brew23]

I don't think that it is like a gambling game. In Forex you need to learn a lot, practice all the time, so I think that it is different things

 

[IVBrokers]

I don't think that it is like a gambling game. In Forex you need to learn a lot, practice all the time, so I think that it is different things

I agree with you, the main reason it's not a gamble is because there was a thing that we have to analyze. So to be a good trader, it's necessary for the trader to have a good analyze skill. But for gambling, there's nothing to analyze it really just about luck, if we trading just depend on luck then it just need to waiting for us to lost all of our money.

 

[Avka]

It's not the same with everybody. Someone may not want to go to casino, he/she can use Forex as honest casino in Internet.

 

[sininfinity]

It's not the same with everybody. Someone may not want to go to casino, he/she can use Forex as honest casino in Internet.

In that case what's wrong with online casions? There are lots of online casinos now a days so they can go there instead of trading forex.

 

[magerro]

I don't think, that there are many people play at Forex, like at casino. It is the different levels. Casino is an opportunity to lose your money beautifully, Forex is an opportunity to earn money, but it is not easy. But if you trade with Instaforex, you have feeling that it is a casino. Anyway, it is very difficult to earn there.

 

[budado]

I don't think, that there are many people play at Forex, like at casino. It is the different levels. Casino is an opportunity to lose your money beautifully, Forex is an opportunity to earn money, but it is not easy. But if you trade with Instaforex, you have feeling that it is a casino. Anyway, it is very difficult to earn there.

In casino we can earn money also if we are lucky. Problem is that theirs no consistency in luck. So if we want to become a stable earner then we need to do analysis and the best way to analysis the market is do trade in forex. I do stocks trading also and I can say money is really good if we know what we are doing in here.

 

[sininfinity]

^ Many people don't want to understand that and even if someone tries to tell them that then they pretend they did not listen. They like to stay ignorant in this matter which is not good in my opinion.

 

[Avka]

One more thing, in casino you can be deceived, and on Forex you can compare everything with other brokers.

 

[IVBrokers]

One more thing, in casino you can be deceived, and on Forex you can compare everything with other brokers.

You got the point sir, so I think it make doing forex trading is more better choice that gambling. I think gambling is just a way for us to loss our money, because the activity in gambling is just depend on our luck, unlike forex trading that need a skill to be doing very well.

 

[vic84]

Yes you can take it like that, but you will realize that you have taken a wrong decision when you start loosing, forex is not gambling if you do it seriously , you will realise that its not dependent on luck.

 

[IVBrokers]

Yes you can take it like that, but you will realize that you have taken a wrong decision when you start loosing, forex is not gambling if you do it seriously , you will realise that its not dependent on luck.

Definitely it's not a gambling if we can do the right way to doing our trading activity, that's a safest way too for us to avoid the loss. Because it's impossible for the traders can be success or get a big profit if they just gambling in doing their trading activity.