Forex trading is gambling. There is no difference.
However, doing forex trading correctly is like card-counting. Whether your system is fundamentals based or technical, what you’re essentially doing is creating a system that will allow you to enter into trades where the probabilities are in your favour, and stay out when the odds are unknown or against you. That’s how card counting is too.
The best thing you can do is understand that forex trading is a form of gambling, and focus on playing the probabilities, and avoid expecting to have certainty with any trade that you make.
Everything in life it’s a game and it’s a game of choosing to do it or not
Left or right , up and down , good or bad
Gambling is a game forex is a game
We just can control how much we risk and how much we want to lose each time for a how much reward we doing this
You can do this once in one day ,one week or one month or one year to get that percentage you willing to trade or bet in
You still can trade high risky trades once in a year and get rewarded 20 percent on your capital only in that small period of time lets say few weeks
And then come back to the regular 1% on single trade
For my self, I do not take it as a matter, i just trying and trying to get much profit every I enter the market.
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Forex trading business and gambling has very thin line and only those who this difference and do not breach that thin line will survive in this highly risky forex market to make money.
It is gambling in one aspect- you never know what the crowd will do, only you can guess where the trend will go. Is there have no such a system which can give that kind of information. But your percentage can go higher with the news, trends, history, analysis… How can you made profit with gambling machine, with red and black button? Luck? Only?
Forex trading is any day different from gambling but if you start putting money into the Forex market without any strategy, you will land up doing gambling only.
Forex trading needs awareness about the markets and proper analysis needs to be done by the traders before holding positions. If a person invests his/her money into the forex market and makes use of serious techniques and tactics, it would also get differentiated from gambling. :58:
I have thought about this very question. My answer is this; It can be both for you, gamble or investment, depending on your view of it. Treat trading as a business and also incorporate proper money management, and you will see the sharp contrast, you’ll have a better chance of success.
Alex makes a good point, here: it’s all too easy (and I’m probably no less guilty of this than anyone else, here) to assume that all aspiring traders and newcomers to the BabyPips forum have the same intention of eventually making a full-time living from trading. The reality, of course, is pretty different: for many people it’s intended only as a form of online relaxation or hobby, even if they’d prefer to earn some money from it than to lose, and to some it’s never really intended as anything much different from a gamble … and (“note to self”!) actually we do well to remember that.
Forex, in particular, among trading media, is particularly open to attracting gamblers, partly because of the ease of availability of high leverage through counterparty market-makers who actively and loudly present themselves to a largely uninitiated public as “brokers”, because their own business model revolves around exploiting those with a gambling mentality.
Well I feel trading is not like gambling, if you are clear what you are doing! Those who believe forex trading to be gambling will end up getting same long term results as in Las Vegas. But if you treat forex as a business with proper risk and money management strategies, you certainly have better chances of success.
Forex is just another instrument to speculate through, despite if you win or lose.
Trading is a form of speculation, which is gambling, albeit more controlled than other speculative mediums. The physical aspect of trading is easy, hence why many beginners are able to make money trading a demo account. but once you switch to a live account, in theory nothing changes apart from your own psychology.
gambling is a lot easier on the mind.
You have fixed bet increments and you have to wait until the event is fully played out.
In trading you can repeatedly buy in an uptrend, get scared when there’s a small retracement and close out at a small loss and continue to do so and keep losing money, despite being right every time!
Forex trading is different than gambling as forex trading business involves analysis, calculations, risk management and a little bit of luck too… however gambling is truly based on luck where you either looses or win on your bets. While in forex trading we can also minimize our risks of loosing by effective money management.
In trading we have complete freedom of expression and can do anything we want. In life we often feel constrained.
We should find another creative outlet.
In the market you need rigid rules and a strict adherence to them.
Not lofty ideas that are not properly thought through, that’s where the gambler plays their game.
Forex trading is way more different than gambling if you treat forex as a business and makes a systematic approach with proper money management and discipline. If a trader just relies on luck and gamble with his money he will have the long term results same as a gambler do.
