I completely agree with you. Trading is not a game, but a rather structured system in which everything depends on your skills, knowledge, and work. This is not a gambling game, in which most of the work makes good luck. The thesis that trading is a gamble, I often meet among beginners who have not understood the concept of trading and have a twisted view of the profession.
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Trading and gambling is similar only in the respect that they both give you a rush of adrenaline.
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Yes. You are 100% right. Many people think that forex is a gambling. But after reading your article those people can clear their thinking that this is not gambling.
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Forex is not a place to gamble, it is a proper business. The work that you see 95% profitability can never be a gamble. This idea is more prevalent among those who are new to Forex trading. If you trade with proper money management and discipline, you can make a lot of profit from now on. Trading is not a gamble if it were a gamble, then so many people would not be involved in trading.
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Respectfully disagree - if something has a 90% chance of winning it is not gambling it is speculation.
At least that’s what Jesse Livermore said anyway, I defer to his wise words on this issue.
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Hi @Johnscott31, I respectfully disagree… J. Livermore was an early 1900’s Stock Operator… He traded Share Markets, todays (OTC) Currency, Metals and Commodities markets are very, very, different…
Trading Share Markets… You OWN the Shares… You’re a minor shareholder in an actual enterprise… Stocks have a set price World Wide… ONE price, anywhere in the world at any given time…
Currencies don’t…
Every Broker pushes their own price feed, some can vary a little, others are not even close…
Todays RETAIL Forex Markets are more akin to an online Casino… and can be manipulated by LP volumes, News etc. Even overall sentiment can not be measured as there is no single exchange.
EURUSD, GBPUSD can have various values… Broker (LP) dependent… (See example of XTI above)
Call it speculation, gambling, whatever… I’m Speculating/Gambling that Black (Not Red) will be next on the Roulette wheel… Retail CFD trading is no different… I’m Speculating/Gambling that AUDUSD is going up (Not Down)… it’s that simple…
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Interesting question. Got me thinking. 
I would define a gamble as “A bet on an uncertain random outcome”.
Based on that definition I would say that forex trading is not gambling since the market is more often predictable than not. It is certainly not random.
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@QuadPip, I’m developing a Bot that uses Binomial Math (Random Walk) to open and close positions…
Very, very, very interesting results… I beg to differ…
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We could go back and forth with semantics all day. If your making money it’s a bit of a mute point anyway.
Where they are the same is when we get on a down spiral. You can be addicted to trading and chasing losses just like you can with gambling.
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they think it’s the game right. because they don’t have knowledge, that’s right
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They compare because both have the potential to earn. But its a hard truth that nothing can be gained in forex without proper knowledge and skills, while gambling is just on luck basis.
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people that treat it like gambling say that lol
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From your link above …
random walk theory proclaims that stocks take a random and unpredictable path that makes all methods of predicting stock prices futile in the long run.
So, you’re deliberately randomizing a predictable (mostly), non-random market. That would be gambling. But you don’t need to do that.
It’s akin to driving down a multi-lane highway and changing lanes at random rather than checking to see whether or not there is another vehicle in your transitory path. I would not categorize driving on a highway as gambling. And yet, you can make driving a gamble if you deliberately randomize easily predictable outcomes…
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Yes you’re advice is help ful .
Thanks.
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@QuadPip Binomials can be used to predict the probabilities of various outcomes given a number of trials on random events.
For example you can confidently bet someone even money that they cannot cut a deck of cards 12 times, shuffling between cuts WIthout Cutting the EXACT same card twice ! Provided they take the bet several times - your money is safe.
The infamous Martingale system which was invented for roulette - is based on similar premises and can often work ! However it will bancrupt you on the few occasions it doesn’t.
I remember Van Tharp wrote in one of his books that he had a money management system which would make money on Random entries - but never went any further in explanation - OR I WOULD have found it ! 
I suspect @Trendswithbenefits is using his bot on short - term wagers - and the advantage of that is that he can go off and “Do other things” whilst it is running
I suspect he is NOT talking about “Random entries” - but on entries and exits during periods of random movements overall.
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Yeah, Trading just risky but is not gambling lol
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@Falstaff, I’m not going to go into any detail in another “Gambling” thread… Over the past 4 years I have demonstrated many, many outside of the box concepts here in BP… Trading price from point A to point B or to price C is speculation, a gamble, or whatever your conscience allows you to believe…
Price either goes up or it goes down… Your success is based purely whether you have “bet” (guessed) the right direction… What if the direction price moves is irrelevant to your strategy???
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So you’re continuously in the market and you set and release hedges?
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I agree that non directional trading is a valid approach to the market. However I thought that was done with options spreads.
Was not aware it could be done with currency markets?
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exactly its not a casino
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