gaban Posted September 19, 2013 Share Posted September 19, 2013 Of course, it's not good to compare both because both are different things each other. We must undergo forex trading seriously if we want to earn money consistently in forex trading. Rely on luck only, just will make us be a failed trader in forex. We have knowledge and skills, and we must improve it in forex trading with learn and make more practice. And if we are new in forex, i think video tutorials also can be used to learn. I agree with you. However different forex to gambling. If we only mengandalakn gambling luck alone, then another case with forex. In forex we should know very well about forex trading. Also, before we start forex, we can learn from a demo account. While in gambling, whether before the start we have to learn it first. For that forex is different from gambling. Quote Link to comment Share on other sites More sharing options...
euro Posted September 19, 2013 Share Posted September 19, 2013 You will always come up with that if you don't know what you are doing because just like gambling you are just relying on luck, and not to your skills. The best thing you can do is to trade using a demo account because FOREX trading is not a gambling. I agree with what you say here. We can reduce our gambling luck if we have a demo practice and we have skills. So if you have skills then you will not be like a gambler. All traders must go through demo cause without it you can lose lots of money. When we have lots of knowledge then its not like gambling since we can control a lot of losses and able to take more profit and reduce more risks. Quote Link to comment Share on other sites More sharing options...
standart Posted September 19, 2013 Share Posted September 19, 2013 when trader rely on luck and not make proper analysis, they are do gambling. however, when trader make proper analysis before they are make trading decision, they are trading. the thing that make trading and gambling different is effort in analysis to make profit probability higher than loss. Quote Link to comment Share on other sites More sharing options...
sakai Posted September 20, 2013 Share Posted September 20, 2013 Forex trading is serious business that can earn you good income online if you do take it serious and plan appropriate for your trades. The more prepared you are and have a tested trading plan the better chances of you being successful and being profitable that you would be if you were gambling. Quote Link to comment Share on other sites More sharing options...
Samar Posted September 20, 2013 Share Posted September 20, 2013 Well, forex trading and gambling never be the same because in forex trading you stand a good chance to make profit if you really learn a lot about this business meanwhile in gambling no matter the level of the learning process which you may undergo your whole earning will still be base on luck. Quote Link to comment Share on other sites More sharing options...
StevenBendre Posted September 20, 2013 Share Posted September 20, 2013 I see that as long as you are prepared to trade then I don't think you are gambling. When you get into something without planning and without knowledge and yet you risk your money in to it hoping you would get good returns, then it becomes a gambling. So in forex, it is gambling to those who don't have the knowledge at all. But if you have knowledge then it becomes a business. Quote Link to comment Share on other sites More sharing options...
HarryPotter Posted September 21, 2013 Share Posted September 21, 2013 Actually to become a professional trader in the forex business learning takes a very long time and not just rely on luck as well as a gambling game, if we do not really learn a trade in can be said that if you are trading just hope to get lucky as well as gambling, which in turn loss will always come every trade we make. Quote Link to comment Share on other sites More sharing options...
ivan Posted September 22, 2013 Share Posted September 22, 2013 Comparing forex with gambling is not good because forex is far different from gambling except the risk factor in both may be same. But in forex we can over come the risk with good practice but in gambling I think this will not work gambling will be purely depend on luck. But forex is not it will depend on the skills and knowledge. Quote Link to comment Share on other sites More sharing options...
StillAlive Posted September 22, 2013 Share Posted September 22, 2013 They are different but there is people that still think like that, they have some part like predicting the price based on our analyze which quite similar with gambling, but again i still say that they are different each other and have different way to earn even they have the same purpose, that is to get bucks Quote Link to comment Share on other sites More sharing options...
Samar Posted September 23, 2013 Share Posted September 23, 2013 Forex and gambling have the same purpose indeed and that to make money at the end of the day. The approach is what is different because with forex trading comes learning and preparation attached to it while with gambling its more of a guessing game and hope you get the odds right. Quote Link to comment Share on other sites More sharing options...
sakai Posted September 23, 2013 Share Posted September 23, 2013 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...
StevenBendre Posted September 23, 2013 Share Posted September 23, 2013 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...
HarryPotter Posted September 25, 2013 Share Posted September 25, 2013 I think that 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...
ivan Posted September 25, 2013 Share Posted September 25, 2013 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...
StillAlive Posted September 25, 2013 Share Posted September 25, 2013 Well, with every experience that you gain from trading in forex whether it is through losses and profits you should be able to learn from it. In gambling there is a little learning, because there is not much of a strategy? So it would be better not to treat it as gambling so you can increase your chances of earning through learning. Quote Link to comment Share on other sites More sharing options...
gaban Posted September 27, 2013 Share Posted September 27, 2013 I think forex different to gambling. I think there are no buy and sell in gambling, while there are sell and buy in forex trading. And for can generate profit in forex we need science. Without science, we would not make a profit. while gambling, whether we need science to be able to make a profit? Quote Link to comment Share on other sites More sharing options...
euro Posted September 30, 2013 Share Posted September 30, 2013 No forex is not the same as gambling since forex is in your control sometimes and there are many factors that you know before hand and then there are other factors that you do not know before hand so. For example, in gambling , you do not know what your cards are and you have to play with bad cards that you're dealt with. Now, in forex, you will know if the trend is bad so you don't jump in and trade so that is control and if you do trade in a bad then its your fault. Simple as that. Quote Link to comment Share on other sites More sharing options...
Samar Posted September 30, 2013 Share Posted September 30, 2013 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...
sakai Posted September 30, 2013 Share Posted September 30, 2013 If you have skills and know the basic forex trading rules and strategies then you are not gambling you’re trading. A gambler can just close their eyes and choose any trade and randomly make trading decisions whereas a learned trader will choose trades carefully and make informed trading decision. Quote Link to comment Share on other sites More sharing options...
StevenBendre Posted September 30, 2013 Share Posted September 30, 2013 I don’t think so. You will always come up with that if you don't know what you are doing because just like gambling you are just relying on luck, and not to your skills. The best thing you can do is to trade using a demo account because forex trading is not a gambling. Quote Link to comment Share on other sites More sharing options...
StillAlive Posted October 1, 2013 Share Posted October 1, 2013 I think that Forex is gambling if you don't know what you are doing in Forex trading. But if you have skills and know the basic forex trading rules and strategies then you are not gambling your trading. That's why we call ourselves traders and not gamblers in forex trading. Quote Link to comment Share on other sites More sharing options...
HarryPotter Posted October 1, 2013 Share Posted October 1, 2013 Actually in forex we learn strategies which we don't learn in gambling. But forex is more like a business than a gambling. And so Forex is recognized as legal which gambling may not be depending in your place you are at. Quote Link to comment Share on other sites More sharing options...
ivan Posted October 1, 2013 Share Posted October 1, 2013 Well, the key here that draws the line between a gambler and a good forex trader is knowledge and application of that knowledge to trade. Good traders learns and understand forex before getting into it, plans for their trading so the decision that they make are well thought out. Quote Link to comment Share on other sites More sharing options...
Samar Posted October 2, 2013 Share Posted October 2, 2013 There are a lot of things at play when you are dealing in Forex and an educated mind will be able to do better analysis and strategize to ensure that they are better placed to make profit. A gambler can just close their eyes and choose any trade and randomly make trading decisions whereas a learned trader will choose trades carefully and make informed trading decision. Quote Link to comment Share on other sites More sharing options...
sakai Posted October 2, 2013 Share Posted October 2, 2013 But I think that if you are not careful and don't learn Forex well and keep on trading then you are just gambling your money in forex. Even if Forex is not gambling at all but you are making looking Forex as such. Quote Link to comment Share on other sites More sharing options...
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