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.
Professional Gamblers use the same systematic approach, money management skills and discipline… a business.
The HUGE difference between a Casino and Forex is you place $5000 on black of a Roulette Wheel in Vegas and it comes in Red… You lose $5000 no more, no less… even if the lights go out… your risk is locked.
You place a trade in Forex and the lights go out… your loss can be devastating… more than you have in your trading account…more than you have…period. Ask anyone who was trading during 2016 Swiss Franc unpegging… Stop Loss or not…
Try leaving a trade open after Friday market close… currency re-rate… global event over the weekend and you will find even a stop will not mitigate your loss… So FX is far more dangerous than Gambling…Think about it…
3 Likes
There are matches between gambling and forex. The casino / broker always wins 
Yes it can be akin to gambling, but like every thing it wholely depends of your perspective as well as approach.
it has been shown time and time again random entry using a timed exit with stop loss money management, produces better results as apposed to a system. “a gamble”
the word “system” is a gambler’s term. in reference to beating the house. laying technical or fundamental analysis over it, gives the user a conceived form of control, therefore removing the “air” of gambling.
win/loss and probability in the reference to money management is used in gambling. and has done such since before charting was even invented. trading has drawn from gambling many of its forms of risk management. So it is very easy to draw the conclusion it is a form of gambling. because at its core it is
1 Like
I don’t know of anyone who has proven to have a strategy that makes money in the long term. To me this means that Forex is gambling
So many people do not understand that there are two types of gambling - one in which the outcome is uncertain but that outcome can be affected by your skill, and the other on in which the outcome is uncertain but there is no correlation between any skills you may have and the outcome.
The one is like poker, the other is like the lottery.
So there is no point arguing over whether forex is gambling or not until it is agreed what sort of gambling. For pity’s sake stop this pointless argument until you can even understand it.
1 Like
What? lol
It is the oppisite of gambling. In gambling, the house always has the edge - the house is a business and the business would not operate without this edge, so the person playing against the house is always going to be a gambler (unless cheating).
With trading, you can become the house by creating an edge on your trading plan.
1 Like
Your thinking isn’t straight. You say effectively that if you are skilful enough then you are not gambling because you have an edge over the house. You are still gambling, the level of skill is never sufficient to raise trading above gambling, because that’s the nature of the game. Skill as a trader makes you a better gambler but it cannot promote you up out of gambling.
1 Like
Yes, all business is gambling.
2 Likes
the forex market should definitely be viewed as gambling, just look at it as you going in to the casino .
Totally wrong thinking.
Trading is a business. Like all businesses -
it can make a profit or make a loss
the outcome is affected by the skills and resources used by the business owner
if you act in business as if it was gambling, you will lose
The fact that something can make a loss does not make it gambling.
2 Likes
Forex trading is different from gambling, maybe many people that having wrong mindset like that because they lack knowledge and never jump into this business totally, how to trading forex need analysis and not only relying with lucky, different with gambling which only like as throw coin and depending with luck, as trader need analyze the market and using strategy trading to manage their money properly
Such a pointless argument to have, but it’s still the age old question. Good luck searching for your answer though whilst some of us know this already 
2 Likes
Trading Forex is more than just installing a trading platform,clicking a buy or sell button and funding an account. Yes very often it’s been compared to gambling since there is a high degree of risk and speculative activity is involved.
Nevertheless,there are some differences which exists between the two :
• Gamblers don’t tend to have much of a plan when gambling and because of this they don’t tend to win consistently. In this regard, some unsophisticated Forex traders might start trading without ever having developed a well defined strategy.
• A Forex trader can easily become a Forex gambler when he lets his emotions dictate his actions to trade illogically. Unlike gambling,trading is much more than just betting on outcome.
• Unlike Gambling, Forex traders can rely on price patterns and analysis to decide on the closing and opening a position with the hope to win.
Many people perceive traders as gamblers who gamble at casinos. However, that is far from true.
Gambling is wagering money on a bet that has a negative expected value. Gambling is neither risk taking in the form of speculation nor investment .
Whereas trading is the buying and selling of financial securities such as stocks, commodities , currency etc.
When one gambles, he just bets with his heart against the odds
whereas a trader will always calculate the risk reward ratio before actually placing a trade.
Gambling is nothing but luck. If you’re lucky you’ll win huge and if you’re not you may lose huge.
Trading is not luck. Trading is based on a sound knowledge base and understanding of the markets.
1 Like
For me, trading in the Forex market is nothing like gambling at a casino. If you have the proper knowledge about the Forex market you will be able to discover patterns, predict small currency variations and get a feeling on what to trade or not. It is not recommended to start investing right away in a trading account, first you need to put your learning process in place and make sure you have the required knowledge.
Just because some venture has an uncertain or eve probably negative outcome does not make it gambling.
This type of debate is always handicapped by most people not understanding there are two types of gambling - one whose outcome is based on pure chance (such as the lottery or roulette), the other whose outcome can be affected by the application of skills and/or knowledge by the gambler (such as horse-racing or blackjack).
Before anyone starts comparing trading with gambling, they ought to be able to specify what sort of gambling they’re talking about. If they don’t understand the difference between the two types of gambling, they’re probably not going to do very well at trading or any other speculative business venture.
A gamble can be described as an intended outcome or decision for anything in the future. By that definition everybody gambles everyday (unless they are brain dead) but it is the recognition of knowing the financial repercussions of the decisions that cannot be controlled, and or that are very much un-correlated to you is as a bet or wager. Financial trading is a wager and what you intend to do with the trade is a gamble. However, financial instruments provide much more control like stop losses which few sports betting or other regular bets, casino’s cannot provide usually. Even the lions in Africa gamble on which animals to select as prey, like a trader select futures, stocks or Forex pairs, if the lion gambles to take down an elephant it could die in the process, if it selects a little deer it could eat lunch, and if it takes a naps which is doing nothing essentially a no gamble will result in death from starvation -only thing that is certain is that it must do gamble or die from starvation. In the jungle the lion must gamble because the lion cannot trade with the bear for strawberries on the local jungle commodity exchange. And that’s the difference between trading and gambling. PS You are NOt a lion in Africa, you are a human, you can get food stamps and trade them
2 Likes
You nailed it. At its core, forex trading or any form of financial speculation is a form of gambling
its speculative