Both- gambling AND trading! Its up to you what action you choose: if you just hop in and out and hope to make some profits without doing any analysis, it’s pure gambling. It’s also gambling when you enter trades WITH analysis, but you know it’s a “risk” trade because you enter prior to a signal which MAYBE might happen the next seconds, just to get a better quote. If the signal does not appear you lost this gamble trade.
If i wait for my signal untill it is complete ( maybe sometimes up to two hours ) its pure trading because than i can be sure that the trade will close in profit.
So in Forex Market you can trade, and you can gamble- it’s up to you!
Of course, you don’t know when you buy it whether price will rise a lot or a little, it could even fall. So you could make money or lose money. But that does not make it gambling.
Exactly. No business is ever 100% sure that the demand for what they will be selling is there and many new business do fail for that very reason. Product lines as well.
You need to have a solid business model and plan, be sufficiently capitalized and even then…
I have no idea if we understand each other or if we agree. The good thing is we don’t need to agree.
I have a strategy I trade profitably and have used to pay my bills solely from trading it for 11 going on 12 years. I have never mastered any sort of chance game that I could count on that steadily for income. Markets have fundamental drivers and you can learn them and technical signals that are quite reliable. So from my experience I must say that trading for me is very much a business. There are costs (losing trades) just like there are in any business. Customers that want something for free, employees you spend time and resources training that quit in the middle or soon after. Lights, water you name it. In an “actual” service business I started awhile back I was never as sure of profits at the end of the year as I am from trading.
Our experiences may vary and that is okay. Wether you are “gambling” or running a business it’s all about the bottom line. Making ends meet and feeding yourself and family. I just happen to do that trading.
Best of luck to you friend! And if you trade with a strategy and treat it as business or just gamble in the markets I hope you do it profitably!
In fact, you can find some similar traits in any spheres. It seems to me that if you treat trading as a game, it won’t be profitable. And if you treat gambling as a business, you can earn a lot of money. You have to understand that any business or deal requires knowledge and investment. I have heard a lot of stories about how excitement or haste prevented a trader from seeing positive results. It seems to me that in any situation it is necessary to assess the risks and start trading only if you really see the prospect of development and you are ready to constantly look for new ways to make a profit in the future. I am sure that everyone who is really interested can get a great result, even if it takes some time.
In General, Forex trading is not gambling. Reason to this is simple. Forex trading is buying or selling currencies with best profit as well as unpredictable loss. But gambling is play games of chance for money; bet. When some traders do trading with bet then you can call Foreign exchange is gambling.
This News article gives a glimpse into the shady world of online betting (Bet365)… And as the article discloses… if one operation is cheating… the others that wish to remain relevant have no choice but to imitate the rogue business model to stay competitive…
Not too far removed from most other online Wagering, Gambling and Trading enterprises.
But wait… FX is regulated…!! So is Sports Betting… regulation just keeps them on their toes…
If you’re a successful gambler, you should already know you will be turned away from any casino in any city in the world. Online its less obvious when you cross the line, but surely the outcome’s just as obvious?
I wouldn’t even compare these directions with each other, because I take Forex and trading very seriously and I think there’s no room for luck here. Yes, sometimes there are cases when the forecast is correct and strong and leads to large profits. But again, it is always preceded by a lot of work, which requires knowledge, time and effort. And if you play the game, then there will be no serious attitude to this business and you will never get a good income. The market requires brains, not excitement.
I suppose that Rossy wanted to say that anyone can do gambling, but only people who have knowledge about forex can successfully trade currencies. There is huge difference between gambling and forex
who really cares its only a word ,gambling is seen as a negative because of its addictive nature like recreational drugs,alcohol,excessive eating ect. Trading is gambling but with knowledge, experience , patience and method it can become profitable
Nonetheless, I wish you high profitability on your endevours.