Some people shouldn’t text while riding a bike…
It is amazing how often I see that as well, when I am out for my morning rides. Other than a forex alert 
what alert is THAT important?? LOL
This
Also I wold never put forexinto a same gambling pool with blakjack. Blackjack is counting cards and odds by what you are dealt with. It not like FX is like that. You log into your FX account and randomly the trads start and then you have to calc is they are good or not. I’d say its more like Poker. You get to choose the cards you play. Most of thetimeyou ca throw crap away with no losses. And during the tim you get value hands you get nice value. The more skills you have the morevalue you can get from what your dealt with and choose to play with. Same applies in FX You get to choose when to start the trade and ride the value. But evetually even with good analysis sometimes variance hammer can pound your trade to hell but you can always back down before loosing to much. Same as in poker…fold thecards if your board looks horrible and your faced by agression.
Where the money comes from…obv from someone elses pocket. Does it make me feelbad. Hell no! I even had a shirt with pokerchips on it and a text I bought this shirt with your money! I wouldn’t mind having a t-shirt with a txt I bought EUR/USD and you sold your moniez to me…or something similar. I do not consider Poker (which was longtime my side income) nor FX (which I hope to be my future side income) gambling. Its 80% skill 20% luck and that is not gambling. Anything with that good oddsd is not gambling BUT it requiresa lot ofwork study and practise to gain theskills to move you up the ladder for that profitable skills.
But just like Banker928 said. If you dont have your mind setting on profitprofitprofit do not trade. If for a second you think ohnoes someones life is goingto hell and I took their monies…just stay away from anything but pure labour work. Or actuallyif you think of it. Any money you receive is out of someone elses pockets so why feel bad about it on FX but not that you get money from the governemt etc…thats outta taxpayers moniez.
And to answer the obvious beforehand. I am hoping to switch over from poker because it is very time consuming and a whole lotta more stressful than FX…only thing I dislike about FX is that everytime I bankprofit I dont see a chatwindow exploding from cursewords etc…I just love monkeys on tilt on my pokertables. 
Taking their money is fun…taking money from skilled reg is mentally rewarding…those feelings I miss…but then on the otherhand making a great profit on something you studied waited patiently executed and won is also very rewarding.
So think twice before you enter any market where money is making money…
Cheers and GL!
Everything in life is a gamble, but mot everything is gambling!
Smoking is highly risky can cause cancer - gambling
Non smoker can get lung cancer - it’s a gamble
Riding a motor bike without a helmet highly risky - gambling
taking the bus could end in an accident - its a gamble
Scalping forex with a 1:1 risk reward at the end of a trend is highly risky - gambling
Profesional strategic forex move with a 1:2 or 1:3 risk reward ratio - its a gamble
so the answer is both yes and no - depends how you play the game!
Personaly I don’t like gambling, even more so when it’s my own money involved.
Hi mate
I am a Christian and all I can say is if you can explain why you lost a trade and not do it next time it isn’t gambling in my eyes. It is just very hard to get rite. So I am still practicing until I make less and less mistakes and win more and more and more trades.
I also have a dream to use it. Setting up accounts for churches in Africa. Then just mimicking the trades I make on my main account. Like a constantly growing donation.
Honest answer
Hope it helps
Mmm I’m not sure what religion has to do with this… I can explain why I lost a poker hand after the fact… Doesn’t mean it’s not gambling
If you pray when your trade is negative, it’s gambling…
The nice thing about religion is you get to pick and choose the parts you want to believe in and rationalize away the parts you dont like. And those who do that will vehemently dissagree with that statement. That’s why those who believe that gambling is against their religion will trade forex anyway and will pray that they win.
Religion should not be a part of this discussion. If it must be discussed it should be done in the same thread as politics.
A flame war is brewing if this continues
I think that’s a bit extreme. We’re all capable of keeping things civil here:)
But discussions of beliefs, and politics are sort of like the whole “is gambling trading” in the first place. Those that believe it is, will never convince those that think it isn’t.
Sort of like rationalizing away a losing trade?
Jim Cramer is undeniable EXPERT an at explaining why things went south. But why doesn’t he ever see it coming in the first place?
Haha I think you are a little optimistic… I’ve seen some pretty humorous, aggressive tiffs over much less then deeply held personal beliefs…
One of which you reprimanded me for egging on if I remember correctly
This I remember.
Didn’t really understand why those two were arguing in the first place. Especially since they were saying the same thing.
Sometimes I think reading comprehension is a lacking trait these days…
Speaking of trading, and gambling, when is your random entry test going to get underway?
Only 3 people seemed interested! So I lost motivation.
However I did say I was going to do it… So I guess Monday.
Are all these blogs just philosophical or is there
Technical discussion?
Geneva Nick
The skill of judging a thread by it’s title is easy to master… If it doesn’t look like a technical subject, don’t be too surprised if it contains nothing technical. What technical aspect would you be hoping to find in a thread titled “forex trading - Is it gambling” ?
I think too many people have misunderstand the real difference between gambling and trading
Let us say it in easy words with no need to dusty terms of languages.
To gamble is to exchange your money with a chance of luck (like lottery for an example)
To trade is to exchange some goods with other kind of goods (like giving away tomatoes and take potatoes in return)
Now its very clear what is the real difference between gambling and trading
The money exchange is 100% a trade you sell EUR for USD because some kind of reason, it does not really matter.
You still can exchange it back with a little lose or a little gain.
Those days as everything get very much more complicated, and changing fast, the speed of everything have increased at least 10,000 times, so does every single market including foreign exchange market.
A little more thing that make people misunderstand the difference between trading and gambling in modern forex market is risk, if you don`t know anything about leverage and the high risk that involved in such a trade, that’s mean you most likely trading your money with a chance of luck which is gambling as we said before.
If you know the market and know how to trade with a very limited risk and you don`t really face a huge drawdown you are a top professional trader which is a thousand mile away from gambler on the opposite side fore sure.
Best wishes
Gamble’s proper definition is “to wager on an uncertain outcome”.
Kinda sounds like “trading” huh? Can you tell me when your next trading win will be with 100% certainty? If you can’t, it’s a gamble, no matter how much of an edge you are playing.
Spot forex NEVER swaps your money out for the currency you bought. You’ve never actually “bought”, or “sold” anything in reality. The only goal for spot, is for there to be a difference in your favor when you close the transaction that never really happened.
Clear as mud.
In an actual exchange, yes.
But again, we never actually exchange anything. In fact, retail spot forex trades rarely, if ever, even make it out of the broker, and into the actual market.
It’s like betting on horses. You go to the window, enter your wager, and hope the horse you bet on runs faster than the rest. The only difference is, we get to pick the size of our wager, when our race starts, and how long that race lasts.
Gamble’s proper definition is “to wager on an uncertain outcome”.
Kinda sounds like “trading” huh? Can you tell me when your next trading win will be with 100% certainty? If you can’t, it’s a gamble, no matter how much of an edge you are playing
nobody know the future, you don`t know you will reach to your work everyday at morning or you will get killed because of an accident just happend because you drive at 200 MPH on a mountain road with a car with no break.
when i enter my trade i trust my knoldge and expierince that it is a 100 % successfull trade regardless of the future result it could be nigative,
just like any trader who buy tomatoes to get gain of it, but for some reason he did lose, but it is nothing on his trading records.
but you the gampler enter each trade like a milion like you awaiting for lucky chance to win while you really baying a chairty
to the lottery orginiser.
Spot forex NEVER swaps your money out for the currency you bought. You’ve never actually “bought”, or “sold” anything in reality. The only goal for spot, is for there to be a difference in your favor when you close the transaction that never really happened.
if you got a gain you can simply withdrawal it with no problem, off course bank will not enter its save to bring 12 USD from one room and bring it to another each trade you made,
if you go to arabian gulf you would not see a men with a lot of oil spots on their dresses or at thier homes or offices but they trade the oil for the world by a mouse click.
anyway the only reason behind trading the spot market instade of cash is the diffrance of the spread, if the spread in cash is
the same as spot forex i would trade in cash.
Clear as mud.
the mud could be in your eye dude please check it on a mirror.
In an actual exchange, yes.
But again, we never actually exchange anything. In fact, retail spot forex trades rarely, if ever, even make it out of the broker, and into the actual market.It’s like betting on horses. You go to the window, enter your wager, and hope the horse you bet on runs faster than the rest. The only difference is, we get to pick the size of our wager, when our race starts, and how long that race lasts.
gambling is exchanging your money with nothing but luck, which has been proved to be the idiots way for endless looking to get wealthy.
trading is exchanging one goods for another based on so many logical and hostorical data that has been proved as a way to get wealthy since milion of years ago.