Is Forex Trading Glorified Gambling?

Many of his posts are lol.

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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