budado Posted December 21, 2012 Share Posted December 21, 2012 For me as long you are taking risk in forex trading you are gambling. You are gambling your capital in here as you can end up losing that money. But the only difference why we don't call forex gambling is that we call it trading. In short if you are in casino we call it gambling but if we are in forex we call it trading. But the traits are all the same. We are risking our money to earn. So its either we earn or loss just like gambling. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted December 21, 2012 Share Posted December 21, 2012 But we don't usually appropriately use it in Forex, so, we usually think of it as a different meaning. But both of them says or emphasizing the risks or profiting or losing. That's what I'm thinking. Because, in forex we used our strategy and mind to have more of profits but gambling we mostly think of the two choices only without any basis why we do so or just hypothetical. In forex we do have our analysis and basis. Quote Link to comment Share on other sites More sharing options...
chintu Posted December 26, 2012 Share Posted December 26, 2012 gambling in entirely different from forex and they both are not at all comparable to each other they both they there own ways forex is a great business where irrespective of your investment there are many chances that you will be earning a very good amount of profit from trading . Quote Link to comment Share on other sites More sharing options...
indieover Posted December 26, 2012 Share Posted December 26, 2012 I would totally agree with you.forex trading business is not another form of gambling. forex trading would look like gambling if you don't have much knowledge and skills and you already trading in live account . you must develop your skills first on the demo account so that you would be able to succeed in forex Quote Link to comment Share on other sites More sharing options...
protox Posted December 28, 2012 Share Posted December 28, 2012 If you treat Forex like a casino, you will never earn much, instead, you will losing your money, plus, you are not building up your skill in trading if you are treat Forex in that way. Quote Link to comment Share on other sites More sharing options...
tirus Posted January 1, 2013 Share Posted January 1, 2013 With every experience that you gain from trading in forex whether it be through losses and profits you should be able to learn from it. With gambling there is little learning because there is not much of a strategy so it would be better not to treat it as gambling so that you can your chances of earning through learning. Quote Link to comment Share on other sites More sharing options...
chintu Posted January 2, 2013 Share Posted January 2, 2013 No forex is not at all a gambling and i strongly oppose that the only common factor which we can compare both is the risk factor and it is not at all safe to invest with gambling sites because they do not need any educations and you can earn money if you are lucky or else you will be loosing but forex is not like that you need to be fully educated with forex skills . Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 2, 2013 Share Posted January 2, 2013 If i were to be analysing it i would be saying forex is a bit the same as gambling.what we do in forex is what we inturn get to do when we gambling and that is use our funds to get much more funds.sincerely forex is just slightly different from gambling because it is a formal business. Quote Link to comment Share on other sites More sharing options...
monyitomon Posted January 2, 2013 Share Posted January 2, 2013 I guess we can say that it's LIKE a Gambling, just like what people saying in most offline business, it's 50/50 that you don't know if it's going to boom or dead. We may be familiar with Gambling, but people using this word in everything that they are not sure about, it's between the line of winning and losing. Gambling may be the best word to describe it. Quote Link to comment Share on other sites More sharing options...
tirus Posted January 2, 2013 Share Posted January 2, 2013 Yes, for the fact that you are actually unsure of the result which can turn out to be a win or a loss then you can compare forex with gambling I suppose. Also the fact that they both involve an element of risk in them. Other than that they could not be further apart because with forex you learn, do analysis and have a strategy in place to guide your decision-making. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 3, 2013 Share Posted January 3, 2013 I think calling it gambling isn't the right word.gambling to me is a dirty business but forex isn't a dirty business even though it involves lots of risk taking.Meanwhile forex is legalized in so many part of the world while gambling doesn't get such an opportunity. Quote Link to comment Share on other sites More sharing options...
chintu Posted January 8, 2013 Share Posted January 8, 2013 Yes i too not accept calling forex as a gambling because it is an illegal business that is banned in most of the countries but still there are some countries who run this business . but forex is completely different that gambling and in gambling you can earn with out knowledge but in forex only the personalities with forex knowledge can survive . Quote Link to comment Share on other sites More sharing options...
budado Posted January 8, 2013 Share Posted January 8, 2013 Forex is never a gambling. Unlike in casino that you rely on odds in forex if you know to do analysis you can actually make good income in forex. I do hope I can make good income in here. I just find a way to make good income in two to three years time I'm sure I can be rich. My goal right now is to have a good and stable account that can earn me good amount of money each month. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 8, 2013 Share Posted January 8, 2013 Yeah i think so.forex isn't in anyway gambling and i would be backing that up by saying many countries do do it outside them using currencies that is they make use of goods and services. We could be saying It looks so much like gambling but it isn't. Quote Link to comment Share on other sites More sharing options...
Nagilover Posted January 8, 2013 Share Posted January 8, 2013 No forex is not same as gamble but forex is same as stock market/bonds investing because It need to use skill and understanding about trading in forex/stock market so much. Gamble need lucky only and as you know luck just random chance only so forex is very difference. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 9, 2013 Share Posted January 9, 2013 Yeah that's another salient point.gambling requires much luck while forex on the other hand needs both skill strategy strategy.Both of this is required to do forex and that is why it isn't adviceable for anyone without a forex knowledge to jump into doing it. Quote Link to comment Share on other sites More sharing options...
luke1 Posted January 9, 2013 Share Posted January 9, 2013 I guess we can say that it's LIKE a Gambling, just like what people saying in most offline business, it's 50/50 that you don't know if it's going to boom or dead. We may be familiar with Gambling, but people using this word in everything that they are not sure about, it's between the line of winning and losing. Gambling may be the best word to describe it. There is no surprise if people think like this one here. It has good and many reasons for this one here. Because we see the risk on the forex business is very high. Then this is why, we can even compare and put forex as the similar thing like we do the gamble here. This is the real thing Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 9, 2013 Share Posted January 9, 2013 Yeah that true.The major reason why guys see forex as gambling is majorly be because we either be in profit or loss which is a common feature in gambling but yet to me i would be picking a point and that is that we chose to win or loss by ourselves doing forex most times. Quote Link to comment Share on other sites More sharing options...
budado Posted January 10, 2013 Share Posted January 10, 2013 If you play any sports its either you win or loss also do you consider that gambling? If every thing about winning and losing is gambling then we all do gamble. Because every thing we do is always either you win or you loss. Â Now what first thing that come into your mind when you say gambling? Cards? chips? casino? But do forex trading come into your mind? I dont' think so. so I guess that's the simpliest I can find to explain the difference. Quote Link to comment Share on other sites More sharing options...
Ofejiro20 Posted January 10, 2013 Share Posted January 10, 2013 @bubado nice point but what exactly do you think is the true meaning of glambing? Just throwing of cards, hitting the right button in casinos or what? Well for your information gambling is of different type, dont know about the rest but sports betting is just one major thing that is similar to forex. Quote Link to comment Share on other sites More sharing options...
chintu Posted January 10, 2013 Share Posted January 10, 2013 gambling has many ways of loosing but forex has many ways of earning and in forex a trader will be earning profits only if he is good in forex skills and rest cannot make a good profits but in gambling any one can participate and no need of any knowledge you just need luck with you so i dont think luck will be favoring most of the times . Quote Link to comment Share on other sites More sharing options...
budado Posted January 15, 2013 Share Posted January 15, 2013 Its never been the same. We do trade in forex and we don't gamble in forex. Although if you don't have skills and knowledge about forex trading then its seems you are like gambling. But same time its really does not matter as what is important is that we must earn in forex. It does not matter if you end up at loss or end up at profit. What matter is that in the end of the day we can cashout the profit we make. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 15, 2013 Share Posted January 15, 2013 Gambling i would stand to say anytime is a game of luck where your coin could be tossed in either side maybe the winning side or the losing side.sincerely forex is different from that.We stand the chance to either win or lose in forex.Even if we lose atimes it would be minimal. Quote Link to comment Share on other sites More sharing options...
tirus Posted January 16, 2013 Share Posted January 16, 2013 It all just depends on what angle you are looking at forex compared to gambling. They can both be unpredictable and also have luck involved. The advantage that forex has over gambling is the fact that you get to take time to learn the business and strategise in order to be more profitable. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 17, 2013 Share Posted January 17, 2013 Yeah that's true.Can we call football gambling even atimes our predictions ain't correct.The rule of football is that the best team for the day wins.In forex likewise the best preparer for the day has at the least 90% chance of being in profit. Quote Link to comment Share on other sites More sharing options...
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