I think your definition of gambling is wrong… Risk and gambling are not the same thing Making a choice is taking a risk. I f you use your intelligence you can make a good choice If you flip a coin you are gambling
a zero risk trade. open an immediate hedge position in a pair where the carry interest is net profitable. hold for long enough and this interest will cover the cost of spread. from then on the interest is pure profit with zero risk.
If it were not, the casino would possibly go broke and the patrons would be rich!!
There is really very thin line between the forex trading business and gambling. The very same business can be done technically and also be gambled. If a trader takes up the trade with right reasoning and proper money and risk management implementation its trading otherwise its gambling.
What if the interest rates change before your spreads are covered? I’m not saying that’s not a solid idea when the opportunity arises, but it’s not 0 risk.
Perhaps not zero risk, no. I should have mentioned that it needs to be taken with a pinch of salt. However there are interest differentials that have a high ‘probability’ of remaining net profitable for a long time to come. I’ve never traded like this, and don’t intend to as it’s a slow game, but the underlying idea is sound.
it depends on how you define forex.
The matter we have to consider is wether we can take money from it or not.
To me, it’s a gamble. Reason I said so is nothing, you don’t need to know. it’s true for me but maybe not for you. And of course, it’s a business if you insist.
I don’t care.
Forex is a gambling/speculation because I said so ( with firm conviction).
I don’t care either…
I do not think forex is gambling but take is as purely business where you invest morning with the aim of making profit. You cannot trade blindly with no strategy or trading plan then expect to be successful instead it a quick way to losing trades. But it is left on the part of the trader if he treats it as gambling.
No one really likes gambling in forex but the fact is that most of the traders do gambling style trading. It is the main reason of most traders being losers in the market.
I believe this article might help answer your question: Forex Trading vs. Gambling: Is There a Difference?
Check the dictionary for the meaning of gambling. Gambling is the wagering of money on an uncertain outcome. In forex trading, all we are doing is trying to be right on the outcome of price movement (uptrend or downtrend).
To you, making use of strategy in forex doesn’t make it gambling. I am telling you are wrong. If anyone hopes to make money in any form of gambling (stock trading, forex, options, sport bets, horse race, roulette) you will always need a strategy.
You don’t win because you use strategy but you win because time and chance worked well for you. Your strategy is just a way for you to play your game.
well, in capital economy, any transaction involving money is gambling. Because in capital economy, there is no incentive for hard work or man work,…
essentially in capital system, Function(Right time,Right place, Right decision…many other factors) = MONEY or PROFIT …
so, capital economy doesn’t care how much effort, man hours you put to finish work if its not up to demand to be grasped into economy.
So, some entrepreneurs(less than 3%) hit the luck in the casino(called world) and make it into be billionaires… of course they have worked very hard but that doesn’t count in success in capitalist economy.
So in any successful business , if you deduct the “hard” work done, then you get the reason why its successful.
Because every business has only two outcomes, loss or profit and so has gambling.
Many businessmen has committed suicide out of loss or failure and so with gamblers or traders with loss or failure.
its same with Forex, because its part of whole capitalist economy.
Its all about false prejudice about business otherwise everyone does take financial risks for money be it in business or any other field.
Its true also that if you are running succesful business then they will compare your profits with other businesses and if you are doing trading with profit they will call it gambling(because there is anything left to make comment on your mistakes or drawbacks)…
If you are not comfortable with it, I wish you happy farming or manning in Communism, where you get paid only for your hard work and nothing else.
I’m not having problem if someone say forex is gambling but I’m saying anything that involves money is gambling.(in this capitalist economic system )
This is tedious and incorrect thinking worthy only of a poorly educated urban teenager.
well, if you are right then tell me how im wrong in straightforward manner…
Every money transaction in our life has loss and gain…either it benefit you/other or not, its entirely separate stuff…so does with trading account.
Theres no business in world where u dont have to risk the cost value against possible profit value…
which is same on paper as taking trade…
only your conviction defines what you do, otherwise all money transactions are same…
I think it’ good to open this post. It’s fundmental to understanding the markets. So th question was is forex trading a gamble. Off course it is! iF YOU DON’T THINK SO YOU WILL LOSE TRADING THE MARKETS.
Forex is definitely gambling
Forex is never a gamble.It is only in binary option that i see pure gamble: up and down up and down
Clicking no candle reading.
My opinion is every type of trading be it stocks or forex can either be gambling or not depending on how it is conducted. If gambling as we traditionally call sports betting or horse betting was a losing proposition we will not have professional sports/ horse bettors. Ultimately it boils down to edge and money management. In casino games unless you were card counting you typically will not win in the long run. In sports betting and horse betting if you know you sports/ horses and understand risk with proper bankroll management you can succeed. Essentially this is what forex and stock traders are doing with diversification and risk management etc. A gambler has no true edge nor understands proper risk and bankroll management and just punts on a sports team/horse/stock/currency pair and ends up busting the bankroll.
Trading is not gambling, it is a business. Businesses can make losses and some fail. This possibility does not make them gambling. People obsessed with this question are not yet ready to trade.
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