Just lucky that was help that gamble to be last long in forex market . as we know we as pure trader that was depend on analyze is really hrd to survive moreover with not in analyzing anymore . Surely its will do trade based on randomly and also will do specuative to predict the price that will moving .
I donāt think forex is gambling at all. Trading results will mainly depend on the skills, hard work and experience of the trader, apart from many other factors. Meanwhile, gambling is nearly 100% a matter of luck.
if you put it that way. thereās lot a way for us to gamble. soccer are absolutely sport, but people do gamble on the match, money involve, everyone put all their effort to made profit on their bet :).
Its bad for them if there are trader who put their investment just blind about the business that they do , certainly they will do as randomly to trade their business , and nothing for analysis instead will do speculative when decide for buy and sell of forex market
If thereās risk, itās gamblingā¦ show me a 0 risk trade and Iāll admit forex can be done without gambling.
The confusion comes in when people try to compare it to other forms of business and they donāt consider them gamblingā¦ they absolutely are. Hell even people who donāt run a business are gambling that the entity the work for will stick around and continue to cover itās payroll obligations. VERY few things in life arenāt a gamble, the trick is to pursue the ones with high likelihoods for overall profit.
just got the point, we can wipe out all those gambling factor as long as we keep maintain profit
thatās the very 0 risk business all people here been looking for.
I think Forex is more of an investment than gambling.
Gambling depends solely on luck while forex depends on skill, and maybe a little luck.
I think your definition of gambling is wrongā¦ 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? Iām not saying thatās not a solid idea when the opportunity arises, but itās 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 āprobabilityā of remaining net profitable for a long time to come. Iāve never traded like this, and donāt intend to as itās 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, itās a gamble. Reason I said so is nothing, you donāt need to know. itās true for me but maybe not for you. And of course, itās a business if you insist.
I donāt care.
Forex is a gambling/speculation because I said so ( with firm conviction).
I donāt care eitherā¦
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 doesnāt 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 donāt 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,ā¦
essentially in capital system, Function(Right time,Right place, Right decisionā¦many other factors) = MONEY or PROFIT ā¦
so, capital economy doesnāt 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 billionairesā¦ of course they have worked very hard but that doesnāt count in success in capitalist economy.
So in any successful business , if you deduct the āhardā 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)ā¦
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.
Iām not having problem if someone say forex is gambling but Iām saying anything that involves money is gambling.(in this capitalist economic system )