Is Forex Trading Gambling - Page 3
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  1. #21
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    Apr 2017
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    5
    Hi, I'm a newbie and if you place anything of value on anything where the outcome can not be guaranteed, it's a gamble. Imho. Cheers Bantam

  2. #22
    Thats a good point, but that would make just about anything we do in life a gamble.

  3. #23
    Join Date
    Oct 2016
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    Devon, UK
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    Quote Originally Posted by Bantam View Post
    Hi, I'm a newbie and if you place anything of value on anything where the outcome can not be guaranteed, it's a gamble. Imho. Cheers Bantam

    Yes, the outcome is uncertain and risk of loss is attached, but it is not gambling.

  4. #24
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    Oct 2016
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    Quote Originally Posted by ForexTFP View Post
    Thats a good point, but that would make just about anything we do in life a gamble.

    Yes, everything in life has an uncertain outcome but if its possible to invest some skills / knowledge / abilities to affect the outcome, its speculation, not gambling.

  5. #25
    Join Date
    Jul 2016
    Location
    India
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    The person who takes Forex Trading as a Gamble loses all, you need to understand that if you wanna become successful, you need to learn about the proper market analysis and lots of other things and if you just take it as a Gamble, then sooner or later like any Gamble, you will lose everything.

  6. #26
    Join Date
    Dec 2016
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    14
    Leverage and lot calculations are complicated beasts for the newbie!!! If you don't understand them, then Forex very much is gambling

  7. #27
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    Oct 2016
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    For pity's sake, forex is not gambling. The lottery or roulette is gambling.

    Forex is either good trading or bad trading but it is speculation not gambling since there is a physical correlation between the player's skills and the outcome. It might be that some traders are so unskilled their gains look random so this feels like gambling. But it is not.

    Most of us would say that trading is long-term less risky than gambling. So if as a trader you don't understand the difference you have the same likelihood of success as a player of the lottery. Trading is a business, not a game. Gambling is a game.

    If you think trading is gambling you probably think of buying property as an investment. In fact its speculation since the probability of successful return is not certain but your skills can affect the outcome. If you don't understand the risks you take, your risks will take you.

    Maybe some contributors have English as a second or other language, if so, I mean them no offence. But as a reflection of the trader's psychology and attitudes this is fundamentally important.

  8. #28
    Join Date
    Sep 2010
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    Trades are like buses, there is always another one around the corner
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    2,291
    Quote Originally Posted by tommor View Post
    For pity's sake, forex is not gambling. The lottery or roulette is gambling.

    Forex is either good trading or bad trading but it is speculation not gambling since there is a physical correlation between the player's skills and the outcome. It might be that some traders are so unskilled their gains look random so this feels like gambling. But it is not.

    Most of us would say that trading is long-term less risky than gambling. So if as a trader you don't understand the difference you have the same likelihood of success as a player of the lottery. Trading is a business, not a game. Gambling is a game.

    If you think trading is gambling you probably think of buying property as an investment. In fact its speculation since the probability of successful return is not certain but your skills can affect the outcome. If you don't understand the risks you take, your risks will take you.

    Maybe some contributors have English as a second or other language, if so, I mean them no offence. But as a reflection of the trader's psychology and attitudes this is fundamentally important.
    This is why I've refused to participate into this argument, before I get banned or at the very least an infraction

    I agree with everything you have said, for the record.

    Edit: It's also something which I have come to realise more and more; members here who have English as their second language are unfortunately diminishing the quality of an important and valuable post. It is no fault of their own, but it really doesn't help, especially when the difference between what is realistic and what is absolute garbage CAN consist of a very fine line.
    Last edited by RISKonFX; 04-20-2017 at 05:01 PM.

  9. #29
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    Oct 2016
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    Devon, UK
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    Quote Originally Posted by 2768970 View Post
    It's a probability game

    Yes it is. This means its not guesswork and its not good luck when you make a profit month after month, nor bad luck when you get stopped out of the same x% of your trades month after month.

    Its equally not always that you were wrong when putting a trade on. If the TA and FA fits your entry criteria, the only error would be to not put that trade on.

  10. #30
    Join Date
    Sep 2016
    Posts
    36
    Forex and gambling have nothing in common. Well, if you don't take the Martingale trading strategy into account. Gambling and casinos are all based on luck and guessing, but forex is a whole science.

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