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Is forex like a gambling game?

To be very honest, I don’t think so! I don’t suggest trader go for paid courses because nowadays internet has made everything easier than before. Traders have several types of videos available online and traders can earn knowledge from there for free. There are also several e-books pdf available to read to enhance knowledge.
 
It isn’t but some traders make it a gambling game because of their greed. They take risks without analysing how the market is moving. They don’t even follow a risk management strategy before executing trades which often leads to extreme losses.
 
No, it is not. It is a legal way of making money. Many people lose their money in forex but it has nothing to do with their luck, but they lose due to poor skills and wrong strategies. Forex trading needs knowledge of the market and practise for building strategies to make money.
We can say that forex is gambling for those who consider it game and trade without any practice and plans.
 
It is up to the traders what they make out of it. If you trade without a trading plan and expect your luck to work out for you, you are a gambler. But when you study well and don’t let any distractions make you move from your trading plan, you are a serious trader who is bound to win.
 
Being a forex trader myself I believe trading forex is nothing like gambling. Gambling is a purely luck based game where you don’t have any control over your gains or losses. But trading is a noble profession where traders learn and use their skills to make the right decision. A professional trader always performs fundamental or technical analysis before choosing their trades. We use our brain to make logical predictions based on calculations instead of leaving it to our luck. Most of us only take calculated risks and always try to come up with logical strategies to make profits. I agree there will be some of us who have the mindset of a gambler but you cannot generalise all of us based on that.
 
Being a forex trader myself I believe trading forex is nothing like gambling. Gambling is a purely luck based game where you don’t have any control over your gains or losses. But trading is a noble profession where traders learn and use their skills to make the right decision. A professional trader always performs fundamental or technical analysis before choosing their trades. We use our brain to make logical predictions based on calculations instead of leaving it to our luck. Most of us only take calculated risks and always try to come up with logical strategies to make profits. I agree there will be some of us who have the mindset of a gambler but you cannot generalise all of us based on that.
Foreign exchange market is a type of business that needs to be operated correctly.
 
Assessment of capability helps a trader identify his position in Forex trading. Forex is a risky business but don’t hold yourself off from trading for so. Risk isn’t a big factor if a trader knows well how to manage it. Traders should view the market from fundamental viewpoint to forecast about furthermore. Avoid copying others’ trading because it won’t give you much knowledge.
 
The main difference between forex and gambling is the motive of a person. In gambling, a person mindlessly throws in their money, completely relying on their luck to win the bet. On the other hand, in forex trading, the main task of the trader is to make strategies. The market offers many tools with which a trader can do fundamental and technical analysis. With the formation of these strategies, a trader sets a risk:reward ratio, therefore being sure how much they are going to lose or profit.
 
Anything that has to do with gambling, with risk, you can be inclined to gamble. After all, the whole system of gambling is based on risk, it seems to me that this is like the cherry on the cake, there would be no risk, it would not take my breath away. I know by my own experience, I'm a very gambling man who has been fond of gambling for about a dozen years now. And I mostly play on online platforms, here for example now I stopped at https://jokaroomvip.com/review/bitstarz-casino BitStarz Live Casino for Australian players, a huge number of games and the same huge number of bonuses, just does not give me peace, I can not stop making money, because it is so easy to give on this platform
 
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Trading forex is not the same as gambling. While both involve risk and speculation, they have large differences.

Forex traders utilize analysis and methods to make informed decisions on market patterns, economic indicators, and other factors that affect currency pricing. They can also restrict their exposure to potential losses by utilizing risk management solutions.

Gambling, on the other hand, includes wagering on random outcomes and is entirely dependent on luck or chance. The odds of victory are frequently stacked against the player, and the house always has an advantage.
 
Crypto trading has become trendiest. Earning profit on average becomes difficult when a trader doesn’t follow risk management policy.
 
When we have no valid reason for a decision made, it is not an objective thinking. We lack this quality so we are failure from Forex.
 
before choosing a broker it is more appropriate to trade in a demo account to see the performance how it works. this approach will be a great decision.
 
Forex is never gambling but gambling is a style of trading adopted by traders foe their own benefit. But it’s not wise to use this trading style.
 
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