theres a big difference between gambling and speculation. In gambling the odds are always stacked up against you whilst when you speculate you take a calculated risk which if done correctly stacks the odds in your favour. And in speculation we are supposed to also calculate how much we can lose so we are prepared when entering the risk. Speculators understand that the higher the risk the higher the reward as well as the loss. In normal gambling, the house always wins in the long run whilst in speculation, the speculator stands a good chance if heās in it for the long haul.
Read your post again carefully.
If there is risk, there are odds or probabilities.
That makes it a gamble, no matter how educated of a guess your entry is.
95 percent of retail traders are losers.
The broker makes their money, same as the house in a casino. How is trading odds any different?
This horse is long dead. Read the whole thread, we"re not saying anything that hasnāt been said a hundred times here.
we have 50/50 at worst with forex whilst in the casino we are always less then 50%. But I digress, you are right, the horse has been destroyed
It certainly can be treated as gambling.But i think you can compare it to something like a game of chess.Now if you are new to the game you are a very bad player and you lose most of your games.
However by learning the tecnical side of it and with some experience you can become a good player in a very short time.As you become a stronger player you will start to win more and more games.Can you honestly say that you will win every single game you playā¦not really however if you are a strong player you should win most of your games.
I think that trading is similair.If you have been trading profitable for some time you know that over a long period of time you will make moneyā¦though you canāt say with absolutly certainty what will happen you know you got what it takes to make it in the long run.But the fact is the failure rate for currency traders are very high and sometimes it easier to blame the market itself than to admit to the fact that you are just not ready to trade yetā¦
Also you do not trade against the broker.That is false
waste of a thread
Letās start a new one addressing this question: āIs forex boring??ā
Sports betting is a learned skillā¦ So is Poker. And horse racingā¦ You can play probabilities in all instances there.
Prove it. Read the fine print on almost any broker, including ECN, and NDD types. A lot of times, theyāll take the trade when you open a position, then hedge, and pass it off when they can.
Oanda and any other market maker is on the other side of your trade in almost every instance.
As Synergistik says, this thread is done.
And yep, Forex is frigginā BORINGā¦
We dont have 50/50 in forex because there is a spread.
wellā¦it all depends on the individualā¦ Some have passion for FX just the way others have passion playing soccer on PS 3ā¦ for these pple its fun seeing candle sticks hopping all day and it gets more exciting when dy even make pips
However for others its just one drab duty dy have to go through every single day(for most of these pple dy make lil or no pips cuz dy aint driven by it)ā¦
:rolleyes::rolleyes::rolleyes:
why are we arguing about this.One can say that you donāt have a 100% accuracy rate that makes it gambling.That itās the same as poker.One can say that you use tecnical analysis to enter high propability trades that makes it speculation and not gambling.
There is no piont you might as well argue on whether the devil is real or not.Me personally it really getās under my skin when people start talking about placing bets but everything has already been said and there is no piont arguing about this.Letās move alongā¦
This argument will go on forever because too many people either will not accept the facts or are misinformed and will substitute their own opinions for the facts.
There really is no solid argument against gambling, gambling is a word of the English language with an explicit definition.
Either you accept the definition of gambling as it is defined already or you live in denial and continue to argue this point.
guys, forex trading can be really boring ā¦ when gaining constantly 
but would a word like speculation not be better suited to trading.All your tecnical indicators are based on math.Drawing cards and trying to bluff your way through the game is a terrible comparison to what we do.
If you profit out of the market consistenly using tecnical indicators and a understanding of the general market principlnes then the money you made came out of skill not luck.The word gambling is ill suited to trading the markets using sound mathamatical formulas.
Forex is gambling if you have no edge. No edge is then simply a coin-toss.
When I lose a trade, it was a dumb gamble. When I win a trade it was pure skill, baby, and nothing else!
I can bet you if I kick the dead horse hard enuff it wont even budgeā¦
Yeah, agreeable compromise. My experience is the lower timeframes require less technix more time more stress and more losses, makes it a harder gamble than gambling itself. On h4 and above, thereās patience stretching between days and weeks, boredom in between live positions, workload and a spark in the eye.
What do traders do in between trades?
Gamble!
Itās hard to have a comment to this but i think the number donāt tell lie. You can have a good strategy and then can do trading well
Even with an edge its gambling. The lack of intellectual undertanding of what actually contributes an edge is the primary reason most fail.
my entries are actually based on a coin toss, and I can assure you, I have a very significant statistical edge 
What a topic:D
For some people forex is gambling, for other people itās speculation.
As long as your making money you are correct.
Thatās my opinion.
I think youāre right, but I have a question
Why does it matter?
For some is better to say āIām Currency Traderā than āIām a Forex Gamblerā, so trading, speculating, investing, etc itās a good alternative. I get the point of people defending the gambling definition, but gambling usually is not related by to a serious business, there are better synonyms, Investment banks wonāt try a gambling logo, āWeāre gambling with your savings to get a good profitā.
Sorry for bad english
It matters for at least 2 reasons.
-
In order to solve the puzzle of whats required to trade profitably you need to understand the problem. You dont undertand the true problem by burying your head in the sand about aspects that you find disturbing.
-
Trading requires 100% self honesty. If you try to surpress things that make you uncomfortable, you will pay the price.
This issue matters almost more than any other single aspect of this business. Unless its truthfully confronted you wont find an edge, and youāll be sharkfood for the gamblers who have thought things through, and who undertand the rules of the game.