There is no connection with gambling! So definitely, which traders are trying to follow shortcut way of money making here, beyond doubt they will lose their money! Forex trading is all about, concentration, determination and hard work!
I remember answering this question a long time back.
Over time, I’ve come to rearrange my thoughts on this topic. I’d be very much inclined to suggest that trading is indeed gambling, at a professional level. It’s certainly not a mirror image of what we know as true gambling in the sense of going to a Casino - but with that being said, trading/speculating is and always has been a ‘game’ of probabilities. You can never ever predict in this industry, what you can do though is form an edge over time with a large sample size of trades.
As I always say to others who ask what I do - You are only as good as your bankroll.
Master_Tang, I think you’re a little over the top in your criticisms of “retail forex”.
These days, pricing is accurate and brokers are not betting against clients; all
of that is in the past.
ECN’s are “fair”. But, let me quickly point out that there’s nothing really “fair"
about entities with nearly limitless funds, as against the individual trader who
usually is not able to sustain significant “price adversity”. Yes, the ECN’s are
"fair” but is it fair when you are wrestling an “800 pound gorilla” even if both
contestants are playing by the same “fair” rules?
My point, I hasten to clarify here, is that the individual trader must understand
that the “big gorillas” which are the large global trading operations, are
definitely manipulating market pricing, and retail players must take that into
account.
This does not mean Forex trading is reduced to “gambling”. But it DOES
mean that unless you have a significant Technical or Fundamental "edge"
that you are merely guessing and, therefore, you are merely gambling.
The Forex market has unique “internal constraints” which make “calculation
of an edge” easier than in some other markets. For example, Currency Strengths
and Weaknesses can be calculated in a straightforward manner. On an
appropriate timeframe, this can provide the trader with an “edge” sufficient
to make a “business” out of the “gambling”.
hyperscalper
Do you not think it’s ironic that MT posted this in 2013 - a lot has changed since then. Another great contributor who has gone his own ways.
We say that forex is not a gambling but most of the traders deal with it as gambling as they had not proper plan and strategy for trading. Just enter in market as they see trading platform. No experience of risk taking and management will make forex as we are using our money for gambling.
Any more news for us from “Planet Naive”? 
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I never think forex is gambling it is quite different from gambling. In forex you have to decide at every step what to do and how to do . However if you are not having knowledge and practice of trading you will use your capital as gamblers do .
Bumping this thread!
Forex does remind me of gambling but it isn’t really gambling at its core. I believe that it definitely has its issues and I can see how it can be taken as gambling, but by that logic all investment is gambling.
Always keep these considerations in mind, that forex trading is not gambling. When you accept this, you’ll find that your decision-making improves, and you’ll be able to learn how to construct lucrative trading techniques. Forex trading is not the same as playing a slot machine.
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That is of course true ! - Any form of betting on uncertain outcomes IS Gambling - by definition 
It’s easy to see the comparisons and I would say is a bit of gambling. If you don’t know the result you are gambling on it going the right way
Think people think.
Wikipedia tells us that gambling is “the wagering something of value (“the stakes”) on an event with an uncertain outcome with the intent of winning something else of value .”
Another online resource tells us that it is the act of taking risky action in the hope of a desired result.
Now after reading that how in heaven’s name could anyone with even a half a brain conclude that forex trading is anything BUT gambling? Why do YOU trade forex…to lose or just for fun? Whether we like it or not …FOREX TRADING IS GAMBLING!!!
As a matter of fact even people who participate in the activity of farming are gambling. They are expending money to buy inputs and pay for labour in the HOPE (not certainty… they are taking a chance) that thieves wont steal their crops, drought or floods wont wipe them out, pests dont destroy it and the price will be high when they are ready to reap. This is so simple and basic I have to really wonder how is it that everyone seems to be struggling with it and coming up with all sort of garbage reasoning to justify what is obviously a flawed position. These are the same people who glibly tell us about RISK REWARD RATIO, lol. What does the word risk tell you???
In the same way that people do their homework and have a good idea of where price will end up in the next hour and place a winning trade accordingly, there are people (who are called gamblers) who also do their homework and know that Shelly Ann Fraser Pryce is going to leave the highly overrated Shaccari Richardson in her wake when next they grace the running track and place their wagers accordingly.
Please think people think… and cut out the mindless follower sheep business.
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I especially like the use of the word “wagering” in the definition you have used.
I tell people private retail forex trading is betting, for which wagering is another perfectly good word. They don’t believe me on that one either.
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I have just started to use the Ignore For Ever function on babypips. which means I have not been perturbed by the last three BS automaton replies on this thread.
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You just made me realize that I can mute all these users so thank you. For people who are tired of spam replies with no point I would recommend to use the Ignore function on these users: @MithcelRobert @waltoncharles @RosiePalmar @StankaVitanova
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Yes, appreciate your statement that Forex isn’t gambling. Some people are greedy so they adopt gambling tactics.
Forex isn’t gambling but some people rely on gambling to make large amount of profit.
I really wish I could give this post 20 likes. Nothing short of truly brilliant!!!