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Is forex trading just gambling

Is Forex Trading Just Gambling?,FOLLOW US SOCIAL

Forex trading is not gambling, nor is it like gambling, however, it can be considered a gamble in the sense that markets act at random, and it may be difficult to speculate correctly, and traders 14/8/ · So, Let’s Settle This: Forex Is Gambling. Down to the very bone, Forex is a form of gambling and there is no way to change the definition. Yet, it could be argued that just like 20/8/ · There is a fine line between traders and gamblers. When there is real money on the line, there are always those who take blind chances. If you want to be consistently profitable, Forex vs Gambling. There is a very clear difference between trading the markets and gambling in the markets. When gambling in the markets you have very limited knowledge and you have However many large financial institutions around the world, and indeed individual traders, make consistent profits from trading forex markets, so you can be pretty sure that they're not ... read more

Alex, this post is about trading, not investing. Those are two very different things, especially when referring to fiat currency. hie Justin , what Alex is simply trying to tell you is : gambling is done on the basis of probability whilst forex trading is done on the basis of facts [technical and fundamental analysis. Is there anyway around this? I have one important question regarding Forex Trading.

Elias, the point of this post is that you need to trade like the casinos by stacking the odds in your favor. Trading is not gambling, it is possible to make money in the market, only those who know the market how it is moving. the market always not work in the same way some time you have to away from market. i know that, I done that, I made money. It seems you missed the point of the post, which is to trade like a casino by stacking the odds in your favor.

I agree with you Justin. This is a great post. Easy to understand even for the layman. Thank you. The similarity to gambling is that the outcome of one individaul trade is unknown and ramdom.

You can try to increase proabilities with more confluencies, but it is still ramdom. Serious traders make money via a series of trades with proper Risk Reward. Absolutely true article. There is no way to guarantee your trade will be a profit. if some body open a restaurant. and he expect people to come to him.

is he gambling,if he is. it is means every thing in our life is gambling. forex needs skills so its akind of a jop.

If you define gamble as taking on risk in the hope of a desired result, then yes, opening a new restaurant is a gamble. Most life endeavors are gambles if you stop and think about it. Yes, absolutely! It is a big gamble in running any business. I am a business owner myself and I have made a huge lost before in running a restaurant. There are situation that you have either no control or little control or lost control.

Trading means a supply and demand cycle. You get the supply so if there is a demand you sell your supply. If you have business, e. selling fruits etc. of course he is not sure if all will be sold, perhaps some will be rotten and that is his loss. is that gambling?

Very true. I think some folks get the literal definition of gamble confused with the idea of gambling. the analogy confuse me. how come selling is gambling? of course if i have 5 apples, i already know i will get profit for 5 apples, if i am succeeded selling it. but definitely not if i only sell, say less than 3 apples. the lost and profit is countable.

and selling is not about probability. and some people even going to far to make raising your own child consider as gambling? yes I still think forex trading is gambling, I tried it before though I did not understand much of what I was taught and loosing a lot of money made me realize I was just like a punter in a different platform of betting. can I make a career out of Forex trading? I do not want to work a white collar job all my life.

Forex reminds me of establishing privately controlled central bank by making public fool or hypocrite. Its Gentle form of Gambling. I know many muslims including me gambled in forex without knowing that its gamble. Its more unethical than gamble because its based on hypocrisy. I think only hypocrite or illiterate will call it trading rather than gamble. So Justin, you are not in anyway discouraging anyone from looking at this forex trading as a stable income generating venture to embark upon….

As for your definition, life choices in themselves, are gambles. They are accompanied with the possibility of positive or negative consequences. That said, I am just beginning out on trading,. are the prospect good? Yes it is. Because simply not anyone can tell what tomorrow will bring, eventually trading is a game of GUESSING with some kind of probabilities along.

I think Justin hit it on da spot. In simple, gamble means to bet with in a game or play with intention of predicting da unknown outcome. Da same is what people do with forex irrespective of technicalities and whatsoever analysis used.

Thanx justin u just hit it on da spot and I bliv diz will aid also those who do not wan2 involve themselves in gamble. Forex is completely gambling as like you are doing it in Casino, but Casino is better than forex because Casino is based on your luck but forex is man made machine which want you to loose only…. hungry of SL and opposite trend to your order!

If you consider Forex as gambling meaning all business and investment are gambling. We can understand all the other business but Forex is a machine where someone control the trend!!!

Some one is driving like a car. I want to believe whatever you have control over is not gambling. Therefore, I am of the opinion that casino owners, except casino players, are not gamblers.

Otherwise casinos will be shutting down often. Mastering the Forex trading is like having control over the trade which can effectively mitigate against losses. And oh, there are risks everywhere and in everything we do.

If you drive a car, there are risks. If you are a learner in driving a car, you will definitely crash the car before you get anywhere, cos you have no control — this is likened to newbies in fx trading. On the other hand, when you stake your moneys into playing games involving cards and dice for which you have no control of the outcome then that is gambling.

Just my own candid opinion, and my perspective. Shark can eat us anytime and anywhere, I tested everything it is not base on supply and demands, but It is like a physiological gambling. Anyway there must be a way i can understand this but again it is base on your luck. Yes it is a little gamble as I think…most of the things we do in life which we are unsure of their outcomes are merely gambling.. I started trading forex less than 3 months learning from a 3 years in experience friend, yes he wasnt ok finacially but myself always think what to put money on so I reach out to him, it wasnt comfortable but I had to endure to learn I made more money from my business so I funded his broker account, open a new trading account for my self funded that too change his gadget to give a perfect chance of a good trading opportunity even get more trading gadget he never had.

His imagination is big just as mine so I belived every process, I realised we make a lot of profit but we end up in loss in the same position. I didnt realised it was a big problem but I thought what made us see so much profit if I can invest larger sum we can start making enough to take our profit early so I orchestrated a friend and he agreed to invest a larger sum the when open a well reliable broker in my name and funded the account to start the trading.

he mastered and know the trend direction so well because he had dedicated so much time to trading, but he always believe hes right and expect the profit to continue. He enters multiple position because he wants to recover loss on the same trade that he thought had retraced to continue his predicted direction.

We should just make it black or white same thing wont work for all it depends on how you learn your lesson. Tomorrow is a mythical land that we journey into nobody knows what it holds we can only assure a good outcome by making best of today, so make the best of your odds.

Instead to feel like I learnt nothing and all my sacrife to gain is wasted. I learnt from his mistake and yes I will gamble with a very good odd. Idrees I like your wisdom which is true payment for experiences wether positive or negative.

regards Hayden. I love your post but even with your amazing insight, you and others will not accept logic and common sense and I say this with the greatest of respect. You do not get to see the dealers hand because there are millions of dealers plus the economies tug of war for say GBP USD in this example. Traders think that studying the post graph movement will help them but I ask why as that movement is an average or accumulative effect of the unknown.

The infinitesimal variations of all the associated underline reasons become useless by the time they create the post mono graph movement. Traders are fascinated and deluded enough to apply strategies training mentoring signals and skill to the post graph and pay good money to be able to do so which in turn creates other unfortunate byproducts in the forex scenario.

You are quite correct, forex is gambling which is fine but there are two salient points which are as follows. One Traders are not leaving their money in long enough to give fluctuation a chance of success and setting stop losses when your only loosing is plain stupid because would you invest £ in whatever and stop when your loosing £, of course not.

Two Traders do not have any insight into what all the underline factors in future accumulation will do to the graph because they do not know ever what those underline factors are and how they ever will come together on going. Thanks for this opportunity to state logic and common sense, though not as dynamic as the fascinating claims out there, never the less, are the truth.

Hayden Harris. Official Air Jordans Shoes For Sales,Cheap Jordans Online,cheap jordans for sale,cheap jordans-Original Cheap Jordans Online Store,Supply Men Jordans,Women Jordans For Sale. Guest put it out right. Everything in life is a gamble. Choose your fight gamble from all available options and either make it work or it will work you. Everything is about odds! Hi everyone. Forex could also be seen as Black Jack, which also requires skills, training and experience…. Forex is built on a system of trade, influenced by supply and demand, etc and therefore requires skills and training to be successful.

However, if you have gone for driving lessons and passed, etc. Now does driving involve an element of risk or loss? Just ask any licenced or experienced driver who has been in an accident. Is that driver a gambler? As in the case of the unlicensed or inexperienced driver. If I may further add to my previous comment, does this mean people who go to the casino and who are experienced and skilled are then not gamblers? Yes of cause they are gamblers. In order to access whether Forex is gambling or not, one has to look at the foundations or fundamentals of the whole system of Forex and compare that to how a casino operates.

I did not gamble when I set up a successful business as I followed all the steps such as research, business plan, strategies, educations and even the finances etc. Exactly the same steps I followed when I started a successful Forex trading career. From your post, that means buying a property with the aim of selling later is gambling. Setting up a business with risk of making losses is gambling.

Very interesting topic… I thought about something about how we use our emotions to drive our decisions. So to speak am a christian but i have a conviction that someone who has never gone to heaven can convince me how good heaven is basing on what is laid down in books. I believe that everything we do in life is based on things we have heard and probably seen. Basing on this i conclude that if you belive in something you always struggle to see it happen just like we struggle to reach heaven..

If one of us believe they can study Forex and be successful you can make it here nullfying that its not gambling. How is this likened to gambling where you trow dice and expect rewarded when you get a six. for retails it is majority of brokers are market makers or stp a polite name of market maker very very few are ECN who does not care about your profit nor loses, in fact the big guys liquidity providers are also having market maker scheme to hedge each other.

so to come with your little money or investment in forex, it is total waste of time, and you can learn all the fancy subjects and strategy and you will eventually lose it and blame it into whatever excuse available is there. if there is a way to make money in forex, there will be two or three brokers in the world to handle it, but we know human psychology and stupidity will make us the broker richer and richer by having clients loses in our pocket.

A great forum here. with experience knowledge and good calculation you can be trading with profits guarantee. Justin has opened a great discussion a meeting point for experienced and novices. Thank you Justin for explaining opening my eyes, I loved your post. I wanna come back to trade for a living now and I need your blunt advice — should I do it or I should just leave it for good and learn to love agriculture?

Since forex trading is gambling why then does the government allow it. First am taking a risk so that I can get profit by the end of the day. I will bake cakes but am not sure if the stock will consumed until there is no more cakes. Another thing I have to go and sell the cake so by the end I could have win profits Also I risk not getting profit from my cakes that I have if there are not all bought.

In this form of business is it gambling also because all the three definition you have stated fit in very well. FX trading is like a casino with the odds on our side. FX trading will eventually bring us to abundance if we are in tune with the market. Price Action helps us tune in. I have an art company and I took a lot of risks and loose a lot of money before I start making money.

Trading is not different from it. If one has learnt forex trading carefully, he does not doubt profit because by mere setting his eyes on the chart,he can easily see that here profit is a sure case because the chart itself shows that before he even launches a trade.

Trading is modern word for Gambling.. The desire to earn money overnight by capturing market trends is very smart discovery. But it kills mental peace.. Rather we should work toward investing in Good company with good intention to gain wealth when company performs.. Yes you are right ,Forex trading is the ultimate form of gambling.

Forex trading is extremely volatile, and this brings a large number of profit opportunities for neophytes. However, these profit opportunities bring along chances of losses too. If you are thinking of starting or learning forex trading, keep in mind that even seasoned investors can lose money. Forex also known for Foreign exchange which is the largest financial markets globally.

There are millions of people who have benefited through trading Forex. your article is very useful for everybody. Youy are quite right. And whats even more scary is that all business is gambling seeing as you have to risk a certain amount investment to make more. and the reality is that even if you have done everything right, you can still lose your investment.

At the end of the day, when trading i have to pick whether it goes up or down. And i can be wrong even if the analysis is correct. everything in life is gambling.

But even poker players can count cards. Your view is wrong. If you consider your view, all businesses are a form of gambling. Forex is a highly specialized profession in which the largest banks and institutions operate. Is Forex Trading Gambling? Justin Bennett says Sorry you feel that way, Justin. Of course, we can also just agree to disagree. Guest says Hey Justin, If you think that way, you can say parents looking after their children and providing them with everything in theire capacity believing children would look after them in return when they will be needed and when the children ditch their parent to be in old age homes, the parent were gambling.

Justin Bennett says Well said, Dakao. Here are some more common questions related to forex trading. For most traders, success is about being consistently profitable over time.

Unrealistic goals, a weak strategy, and poor money management are some of the main reasons attributed to this failure. Losing money on some trades is inevitable in forex trading, but successful traders share some common traits that give them long-term success.

These traits include excellent knowledge of the market, good money management rules, discipline, realistic goals, and the ability to refine strategies based on lessons from past trading mistakes. The forex market will make for a poor investment choice if your aim is to become rich in a couple of weeks or months so you should not expect overnight success and riches.

Forex trading requires skill, planning, patience, persistence, continuous learning, and risk control. In addition to these characteristics, the amount of capital you start trading with will also determine how long it takes you to build your wealth. This brings us to the next question. This article takes you through how you can do that. Your initial investment in the forex market will, to a large extent, determine how much you make.

How much money you start with will also depend on your trading style. You need to be strategic about how much you will invest in the market to achieve decent growth while also taking into account the risk involved in the forex market. Expecting to make large profits with a very small investment and nothing in the way of strategy is basically gambling and not so much trading. In the end, you have to keep in mind that forex trading is not gambling but it can easily become gambling if you get into the market with the wrong approach and mindset.

Your email address will not be published. Is Forex Trading Just Gambling? Muhammad Awais September 4, No comments. Table of Contents 1 Key differences between Forex Trading and Gambling 2 Tips to avoid Trading becoming Gambling 3 Related Questions 3. What are you waiting for? START LEARNING FOREX TODAY! Sign me up! share This:. Leave a Reply Cancel reply Your email address will not be published. as seen on:. Almost there! Learn the Top-5 Forex Trading Techniques. Enter your email below:. Learn the 3 Forex Strategy Cornerstones.

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To answer the question, is Forex trading gambling , we have to break it down by the very definition of what it is to gamble. But before we do that, I want to share a brief outline of the way I used to think about trading and gambling.

I remember when I first started trading Forex back in late , a little more than 6 years ago. Without fail, one of the first comments people would make was,. Being the naive trader I was at the time, I would get a little defensive and respond with something like,. Fast forward to today…boy was I WRONG about that statement.

Make no mistake about it folks, trading is gambling! Notice a common theme? Because they want to sell you their product, of course. Because gambling is a bad thing, right?

The truth may surprise you. What is the truth? It all comes down to putting on trades where the probable win is higher than the probable loss. In other words, stacking the odds in your favor. In a previous lesson, I wrote about price action and confluence. Forex trading is the ultimate form of gambling. We get to review past price action before putting on a trade.

The key is finding the right Confluence Factors that stack the odds in your favor. All of these factors mean a higher probability that this trade will make us money, and it did. We can learn something from casinos. Then wait for the strange look they give you. Do you think trading is gambling? Save my name, email, and website in this browser for the next time I comment. You can argue that people who do not have those skills, and there are many of them are gambling. But the few that have acquired the skills and know what they are doing are NOT gamblers.

So you are not credible as a trader. I am sorry. You should not be trading. Sorry you feel that way, Justin. Wagering of money on an event with an uncertain outcome with the primary intent of winning money — that sounds like trading to me.

Every business gambles to some degree, not just the trader. Hey Justin, If you think that way, you can say parents looking after their children and providing them with everything in theire capacity believing children would look after them in return when they will be needed and when the children ditch their parent to be in old age homes, the parent were gambling. An entrepreneur who confidently relies on his hunch and abilities to grow a business is gambling.

The investors who invest in companies and shares are gambling. Nonetheless the very individual who is working hard to get a dream job is gambling because most of the time the aspirant does not end up with dream job or to make things worse even jobless. All of these people know nothing more than the history known to them and they are gambling with their time, money, resources.

When I started Forex trading, i started with demo accounts and I traded without doing any analysis. I ended up blowing my full account.

I was gambling. It s been 2 years now and I am still in the process of learning, because I dont want to gamble. How do I do that. Not trading based on emotions, trade purely based on facts, get news updates constantly, follow mentors, research, back test. And I am able to make profit now. Those who think it is a serious business or investment venture and do everything necessary for its success, your success is guaranteed. Good luck folks. So why do some people manage to maintain an edge in gambling, or an edge in trading?

Well said, Dakao. But folks, if you can loose, it is a gamble, period! I am surprised that we are arguing over this. Tell me. If you are a trader, tell me if your results have improved from the last time we had this exchange. You see, to become a good doctor, students are required to go to school for almost 10 years.

Well, why do people think that trading, which when done well can make you a billionaire, does not require any formal training? In fact it does, but nobody will provide that training because once you are good at it, you keep the knowledge to yourself. And if you were right then all the investment banks that have trading desks are also gambling.

Is that what you think? How do you not realize that any human endeavor at which one can become better over time is not gambling? If you have not, please do. And once you have. Sit down, get yourself a good computer and start learning to read price movements. Get familiar with Elliott Wave theory. Develop some good common sense. If you are really serious about it, you will soon develop a different mindset.

Until you do though, I am afraid you will continue to lose your hard earned dollar because in fact before you get a serious training you are nothing else but a gambler. And those who are not in it to gamble will take your money. Well Justin, i want to ask you, what is the wrong in gambling?

then what makes you want to compare forex with gambling??? money changer is gambling? buy and sell of currency is gambling? there is a lot of difference between Forex and gambling. Investing, trading, to me is not gambling, as you own shares in the company concerned. You put your money in a Bank or Building Society and get a fixed rate of interest. You invest in the stock market hoping to make more than in a Bank or Building Society knowing that you are taking on greater risk.

Investing in a share one takes into account the fundamentals of the company, how well it is run etc.. Gambling is like E G throwing a dice or a game of roulette, where you have no control at all. If we did not have Banks and private people investing in companies, our civilisation would not be so far advanced. Alex, this post is about trading, not investing. Those are two very different things, especially when referring to fiat currency. hie Justin , what Alex is simply trying to tell you is : gambling is done on the basis of probability whilst forex trading is done on the basis of facts [technical and fundamental analysis.

Is there anyway around this? I have one important question regarding Forex Trading. Elias, the point of this post is that you need to trade like the casinos by stacking the odds in your favor. Trading is not gambling, it is possible to make money in the market, only those who know the market how it is moving.

the market always not work in the same way some time you have to away from market. i know that, I done that, I made money. It seems you missed the point of the post, which is to trade like a casino by stacking the odds in your favor. I agree with you Justin. This is a great post. Easy to understand even for the layman. Thank you. The similarity to gambling is that the outcome of one individaul trade is unknown and ramdom. You can try to increase proabilities with more confluencies, but it is still ramdom.

Serious traders make money via a series of trades with proper Risk Reward. Absolutely true article. There is no way to guarantee your trade will be a profit. if some body open a restaurant. and he expect people to come to him. is he gambling,if he is. it is means every thing in our life is gambling.

Is Forex Trading Gambling?,Is Forex Trading Really Just Gambling?

14/8/ · So, Let’s Settle This: Forex Is Gambling. Down to the very bone, Forex is a form of gambling and there is no way to change the definition. Yet, it could be argued that just like 20/8/ · There is a fine line between traders and gamblers. When there is real money on the line, there are always those who take blind chances. If you want to be consistently profitable, However many large financial institutions around the world, and indeed individual traders, make consistent profits from trading forex markets, so you can be pretty sure that they're not Forex trading is not gambling, nor is it like gambling, however, it can be considered a gamble in the sense that markets act at random, and it may be difficult to speculate correctly, and traders Forex vs Gambling. There is a very clear difference between trading the markets and gambling in the markets. When gambling in the markets you have very limited knowledge and you have ... read more

Trading and gambling are two different terms but are used interchangeably by mistake. If you still consider forex a gambling game and you rather relay on luck, then figuring out how market really ticks, you might be better off playing bingo. Yes it is. All Cryptocurrencies Best Crypto Brokers Bitcoin Ethereum What is Bitcoin Cash? your article is very useful for everybody.

Because simply not anyone can tell what tomorrow will bring, is forex trading just gambling, eventually trading is a game of GUESSING with some kind of probabilities along. In other words, stacking the odds in your favor. By having a mindset of a gambler, trading also becomes gambling. the market always not work in the same way some time you have to away from market. Litecoin Ethereum Ripple Bitcoin Cash. Easy Markets.

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