Is Forex Trading Glorified Gambling?

Ouch! Right in the ribs…

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But Google loves my lol :slight_smile:

Relevant according to Google Search Ai

Let’s consider each side.

What is gambling?
Here are common forms of gambling.
Lottery
Games at Casino
Raffle draws
Poker machines

Each of these promises huge risk to reward for anyone lucky enough to win.
Statistics show you are likely to lose.
You pay money and for that money you receive a poor chance to win.

Now compare to Forex

Even without studying it is closer to a 50/50 chance if you use 1:1 risk:reward.

Studying and finding a strategy with statistical edge is possible.

There are highly educated professionals with a wealth of knowledge about economics who work for some of the world’s largest financial institutions raking in millions (if not billions) of dollars trading forex.

So although they both involve risking money one doesn’t promise any return but the other done correctly does.

Conclusion

Forex done correctly is financial investing not gambling.

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I now agree with you😒. Now I see that I’m actually placing a bet against my broker when I think I’m placing a trade. If am right my broker pays me, but if I’m wrong, I pay my broker from the money I deposited with him. And Now I understand why it’s called CFD. Fx Trading is glorified Gambling (in my Opinion).

Yeah I guess we could say that trading is glorified gambling, but I would lean more towards making calculated and intelligent “guesses” without burning all of your “capital” in one shot as the difference between gambling and market “speculation”. We’re still “betting” whether the price will go or down, but rather than completely basing it on luck, we use previous market data, technical analysis and what not to give us a better chance of winning or the “edge” against the market. Still basically just sounds like “betting” or a “gamble” but in a more intelligent way lol. The only way that you would feel like you are really “trading currencies” is to go to a bank and exchange your bills for another country’s currency.

Its only gambling if you don’t know what your doing , but gamblers do tend to make historical good traders

Like tomorrow everything gonna crash so I’m putting sell orders below the daily low of everything

I am the exception though , my iq is off the scale as I’m part German Australian

I have now officially become the best trader on earth :earth_asia:

It’s only gambling if you don’t know what you’re doing, period. Card counting in Vegas is against the rules, right? But what is card counting? It’s “knowing” the statistical probability of the next card vs. cards played. That’s not luck, that’s knowledge and understanding at play. Same with Forex, if you have knowledge, skill, experience, or some general principles behind your trading decision, it’s just statistical probability that sometimes you’ll be right, and sometimes you’ll be wrong.

If Forex trading means speculating on price movements rather than owning the actual currencies, I see it as a way to engage with the global markets strategically, using analysis and insights to make thoughtful decisions and navigate trends.