Exactly, and that’s why online poker and FX trading are similar.
At the end of the day you can label it what you want, gambling or speculation. Trading, online poker, and sports betting is about taking an educated guess on what you believe the outcome will be and managing your risk. As long as you get more of these (guesses) assumptions right than wrong, you will be able to make a profit.
Really, than you should google martingale strategy. You’ll be a millionaire before the end of the week! 
We can disagree on this topic. Everyone has a different approach, you can compare it to gambling and I stick to what I think. As long as we are both successful we are doing good.
Betting is not the same as gambling.
I think different people will answer the question in a different manner, but we sure have a good discussion going on here.
I was just thinking that myself. I think it depends like a lot of things with different people. Depending on your edge different people will have different definitions of gambling. One thing is for sure that never changes. Patience, Discipline and good Money Management
I agree. It is very simple, but not easy to achieve. Regardless how one views the debate, as long as those three are present one can succeed.
What was it they said about betting against the house…hmmm…it’ll come to me sooner or later?!
You do not play poker against the house, you play against other players. You pay the house to facilitate a place to play, just like paying commissions to trade.
They were talking about online poker. If it gave me any pleasure to gamble I would do it that way because I’m pretty good at reading people’s reactions.
As pertaining to the title of the thread, there are certainly huge differences between trading of Fx and playing poker. Even though both are in it’s essence based on guess work, trading puts an overwhelming emphasis on the work part. Also, once I’m in the trade, I’m not bound by the time factor like in poker ,but by capital factor. Fx markets work much like pendulum swings and as long as you have the capital to cover one swing of the pendulum in one way, the ball will probably come back your way. Also, there is hedging…
Maybe you should speak with someone you know about poker online and bricks and mortar. One reason why the poker grave yard receives a lot of players especially new is that they think there is no work to it. Another reason why is just like the forex, a little bit of knowledge is dangerious, players think once they take a course or two that’s it they just sit back and the money rolls in. Unlike trading, in poker you can not use automated systems so you have to sit and play. If you think there is no overwhelming work in poker I invite you to ge on a free site, and pull up 12 tables and start playing. Im not sure how you think you’re not bound by a time factor just a capital factor the same as trading you’re bound by both. Another reason and one of the biggest reasons poker players end up in the poker players grave yard is because they do not understand or practice strict money management. One bad session with no money management you could lose all your bankroll whether you’re playing poker or trading. Just like in poker the pendulum swings both ways.
I’m not sure what you mean by hedging. Hedging means different things to different people. But if you mean protecting your capital. Most people who make a living playing poker hedge. In poker you hedge by using other people’s capital, playing a multi table tournament, sit and go and/or a cash game, playing different buyins’. Just like in hedging there is a cost and you have to weight the pro’s and con’s
Hope this helps you out
Gp
No, lol, …what’s the time of bet, flop + river? That’s the time between you having cash in your pocket and you losing cash for good! Very dangerous game and I think only people that get high on that adrenaline like it… What’s this “hedging in poker” all about? Hedging means you taking the counter trade on the same pair in most cases in FX, how would that be possible in poker again? Were you talking about the “pendulum swing of luck”? lol dude…My great uncle lost 17 hectares of land and forest on poker in his time I believe…
Okay now we’re back to what’s your definition of Not every aspect of poker is the same as every aspect of forex trading. I think everyone agrees with that. The experienced poker players on this thread are just pointing out, if you think that poker is easier to lean than forex it’s not. However you will need to have the same characteristics to be successful at both.
Now back to OP. OP was not asking if physically playing poker is the same as physically forex trading. He asked “why bother with learning all this trading terms and strategies and risk and stuff if you can just have fun playing poker and make lots of money??” So what some of us were pointing out is, in that regard, they are the same. To be successful at either at either; you need to have: patience, discipline, bankroll management, strategy plan.
And for those of you who think that we have nothing better to do than post in the forum during peak trading hours, for my self let me say that I’m trading and watching how I’m on the wrong side of EURUSD getting sicker by the minute 
It’s days like this that make me fondly remember playing poker
D1 chart
Why are you on the wrong side of the trade? You should have taken that bearish pin rejecting the 50% fibo yesterday for at least 100 pips…
Shouldn’t be trading E/U today at all.
Nfp…herrooo XD
I would love to give you a long well thought out answer to your question, but I just don’t have one ::33:. Other than I was just being absolute without F’n question idiot who’s thought process this morning at 2:55am (EST) was not based in reality :17:
Damn…You sure wake up early sir! Which time frame do you trade usually?
Here’s the best part yesterday I did
US I was up so I thought I’d take a look
No, I mean chart time frame, sir. Daily, 4 hour…etc… And, are you new to trading?
Sorry my mistake. Looked at 4 hour,30 minute, 5 minute and yes new to trading. For the last hour Ive been riding the waves so getting some small pips so I just have to hold on for a while