Is forex like a gambling game?

[robin.bob]

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.

I agree but you can't argue that a certain compoment of luck presents on Forex - starting from the point if you can access the terminal at the right moment and ending if you are lucky enough to open account with stable freshforex or with a broken-down divinefx. all our life is the balance between luck and failure and forex is not an exception.

 

[swinger]

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.

You are right, mostly gambling is done purely depending on luck. Luck cannot be consistent in winning all the time. But in forex you need to do proper analysis, although it can go wrong, but still the winning percentage is good for many expert traders.

 

[sininfinity]

You are right, mostly gambling is done purely depending on luck. Luck cannot be consistent in winning all the time. But in forex you need to do proper analysis, although it can go wrong, but still the winning percentage is good for many expert traders.

Well the market is unpredictable and one can not be right all the time. That is why people do all those analysis to predict the correct movement. And if forecasting was so easy to if it could be predicted with 100% accuracy then there would not a be a market at all.

 

[wantus]

Yes forex is a gambling for traders that don't follow money management rules and carry no financial analysis. I always trade sticking to my trading plan with Hotforex and never yield to emotions forcing to add up to profits or get over losses quickly..

 

[IVBrokers]

Yes forex is a gambling for traders that don't follow money management rules and carry no financial analysis. I always trade sticking to my trading plan with Hotforex and never yield to emotions forcing to add up to profits or get over losses quickly..

That's right, so we have to be really pay attention with how we do our trading activity. It's not only just for avoid gambling, but also to make sure that we can get a consistent profit because with gambling we'll not ever get a consistent profit from it.

 

[sindarin]

Actually this is depend on the way you saw something, i mean forex is really has something that similiar to gambling but for most part forex is not same like gambling, there are many things which make gambling and forex is similiar like ROI. We have ROI in forex while in gambling? I don't think so.

 

[Faal]

You can try, it’s an open platform. But believe me, if anyone tries to make here huge money without learning, then he or she is going to lose his/her full amount of money for sure! Forex is the most critical way of money making!

 

[margarettemraz]

No forex is not like gambling. I have taken trading as a business and a business is not a wagering it is about hypothesis. Diverse traders purposely or unwittingly view trading as wagering. In this way they end up losing their money. We should see it as a business. It is a whole game plan wander. You need to influence an entire arrangement to create. As a trader I trade forex. Besides, for this I got ECN Capital broker as a trading platform. I discover it's client bolster exceptionally supportive as I conversed with them a few times.

 

[Tauf]

I think any of his business when done with calculation of a mature with the knowledge that corresponds to currency trading, then not as gambling

 

[raniya]

I never treat Forex trading as gambling. When I trade I rely on my knowledge, experience and discipline, on my trading plan and not on luck.

We should not treat forex as a gambling or we will only loss our trading money in forex.Learn to trade forex with a UK demo account. Practise forex trading risk-free and test your trading strategies under real market conditions.

 

[Lee Mark]

To be honest, which traders try to make quick money here! End of the day, they lose their all of money, that’s very sure! Because, Forex trading business is very sensitive, it’s not automatic way of money making.

 

[Gorbacev]

Any business has the disadvantages and advantages, do not excuse that does not clear within a business be considered gambling or pure business, conduct business with adequate knowledge in decision making for me to determine whether gambling or not

 

[James007]

Trading isn't gambling. It's the traders make it gambling. When you begin trading without having appropriate ranges of abilities. You wind up doing gambling. Trading is an art. You need specific knowledge and skills. Without skills trading will become gambling. So concentrate on learning.

 

[William]

As a matter of fact, forex is not a game of luck. The thing is, every kind of making money with your intellect can be called a game of luck. Some people just mix these notions: game of luck and intellectual way of making money.

 

[Derzi]

You shouldn't perceive Forex as a gambling game, as it's a different thing. It's better to distinguish the market as an art or a science because it actually represents both of those concepts.

 

[Kuranis]

I really can't discuss these subjects. I'm just interested to know how long has the auther of the article been trading in forex. Could you tell it, if you don't mind? I can't understand who's made up such an idea...

 

[lioneld]

on Forex you can compare everything with other brokers.

Can you please explain more? I am not clear actually. Thanks in advance.

 

[bolide]

Many people think that forex is just like gambling because in forex you can also lose your money. There is no business in which loss never occurs. The only think you must have to learn that how to recover that loss. You can do this with the help of good strategy and also with the help of a great plan.

 

[Tom Latham]

Many people think that forex is just like gambling because in forex you can also lose your money. There is no business in which loss never occurs. The only think you must have to learn that how to recover that loss. You can do this with the help of good strategy and also with the help of a great plan.

You are right! But, which traders start their trading without proper plan & strategy end of the day, they lose everything, it’s the reality! There is no way, without proper knowledge, never & ever.

 

[Richards]

I don't like this word 'Gamble' but you can say it. Gambling is something you put your money in it without having any knowledge or experience. Traders spend a lot of time in demo account trading, spend countless sleepless nights in gaining knowledge about the art. So, calling it gamble may hurt their feelings.