Forex gambling? | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Forex traders gambling attitude and ways to blow up account 8 replies

Is Forex really gambling 25 replies

Trading vs gambling 97 replies

Trading IS Gambling... 46 replies

Forex Trading or Gambling 21 replies

Attachments: Forex gambling?
Exit Attachments

Forex gambling?

  • #61
  • Mar 6, 2015 12:25pm Mar 6, 2015 12:25pm
Forex is NOT gambling if you know how to trade^^
  • #62
  • Mar 7, 2015 12:54am Mar 7, 2015 12:54am
doctor also a gambler if he didnt study well and didnt do his x-rays and other things before opening his patient body.
  • #63
  • Mar 7, 2015 9:24am Mar 7, 2015 9:24am
It's dangerous than gambling , its just like duffy duck playing the poker with nasty canasta loony tunes cartoon as a trader is duffy duck and nasty canasta with pistol is forex and central banks in any time they pull the trigger when you win in trading.
  • #64
  • Mar 7, 2015 6:00pm Mar 7, 2015 6:00pm
Quoting cdysthe
Hi, I am relatively new to Forex and got into it kind of through the backdoor: I work for an European company and got paid in European currency. I also have stock/options in the company which has been sold in Europe. I had to be careful when I took the money over to the US so that I didn't loose on the exchange rate. After a while I thought: "There must me money in this somehow" and ended up finding the Forex trade! I'm beginning to get the picture: Trading Forex is not "Get Rich Now" unless you have tons of luck, luck which in that case could...
If you're trading big relevant to the size of your account you are gambling. If you are managing your money properly and actually have a skill set (have become good at technical analysis and have a method that gives you an edge) than it isn't really gambling in the casino sense. It's more about taking calculated risks and using your edge to extract money out of the markets, which btw, are the biggest businesses in the world. Trillions a day in forex, not just because people are gambling, but because it is the biggest business in the world as well.
  • #65
  • Mar 9, 2015 6:27am Mar 9, 2015 6:27am
I would say people who call Forex "gambling" are the kind of people who enter the market with big capital and without any knowledge.
They open a trade and hope that it goes into the direction the want. Those are the people who call it gambling.
  • #66
  • Mar 16, 2015 7:39am Mar 16, 2015 7:39am
Quoting cdysthe
Hi, I am relatively new to Forex and got into it kind of through the backdoor: I work for an European company and got paid in European currency. I also have stock/options in the company which has been sold in Europe. I had to be careful when I took the money over to the US so that I didn't loose on the exchange rate. After a while I thought: "There must me money in this somehow" and ended up finding the Forex trade! I'm beginning to get the picture: Trading Forex is not "Get Rich Now" unless you have tons of luck, luck which in that case could...
People who say forex is gambling are right for themselves. You can gamble in forex. Say, you throw a coin and say "heads will mean I open a BUY trade on the euro/dollar, tails will be SELL euro/dollar". A good explanation here http://www.forexbeginning.com/analys...-forex-trading
  • #67
  • Mar 25, 2015 5:20am Mar 25, 2015 5:20am
Many risk-return choices are sometimes referred to colloquially as "gambling." Whether this terminology is acceptable is a matter of debate:

Personally I would say forex speculation is more or less like gambling.
  • #68
  • Mar 26, 2015 3:20am Mar 26, 2015 3:20am
The thread starter back in 2006 mentioned banks gambling with our money. Well, there may be an element of that but banks exchange currency for commercial clients and that is their main business and creates a market structure. This link is very informative: http://www.babypips.com/school/presc...structure.html
Gone to a better place
  • #69
  • Apr 24, 2015 1:50pm Apr 24, 2015 1:50pm
Of course not, forex trading is not gambling, but the work and not so simple. It just seems that there is nothing else to do. Actually you need some knowledge, skills, and experience.
  • #70
  • Apr 27, 2015 4:56am Apr 27, 2015 4:56am
Forex is not gambling but people often use it as gambling and end up losing. Something more close to gambling i will say it is binary options.
  • #71
  • Apr 30, 2015 1:44pm Apr 30, 2015 1:44pm
Quoting cdysthe
Hi, I am relatively new to Forex and got into it kind of through the backdoor: I work for an European company and got paid in European currency. I also have stock/options in the company which has been sold in Europe. I had to be careful when I took the money over to the US so that I didn't loose on the exchange rate. After a while I thought: "There must me money in this somehow" and ended up finding the Forex trade! I'm beginning to get the picture: Trading Forex is not "Get Rich Now" unless you have tons of luck, luck which in that case could...
Story short, technically if you have a reason to believe you are right it is not a gamble anymore! gamble is when you just go for it without any thought!
  • #72
  • Apr 30, 2015 10:07pm Apr 30, 2015 10:07pm
Quoting mr.marketz
Trading is worse than gambling. You'd make better use of your luck in a casino. Where the dealer asks how much you'd like to wager, and closes you out when you loose. In trading YOU are the dealer, and most don't realize that. That's why accounts can get blown out faster than a game of poker. The trader never closes out and watches as his funds depretiate, while he keeps readjusting his SL.
I am assuming when you say "Trader" you mean yourself! In that case what you wrote mirrors your experience hence the typical losers logic.
People who trade for living don't let small loss become mother of all losses.There is control you just need to practice it.
Blaming the industry because its challenging has nothing to do with trading but everything to do with your self,your attitude,your weaknesses,your psychology in short the market is just holding a mirror back at you.Improve yourself and you'll see the light.
regards
In trading, you have to be defensive and aggressive at the same time
  • #73
  • May 1, 2015 12:46am May 1, 2015 12:46am
Quoting smikester
The thread starter back in 2006 mentioned banks gambling with our money. Well, there may be an element of that but banks exchange currency for commercial clients and that is their main business and creates a market structure. This link is very informative: http://www.babypips.com/school/presc...structure.html
With amount of money that banks trade (practically unlimited) even gambling becomes quite profitable in the long run.
  • #74
  • May 14, 2015 12:47am May 14, 2015 12:47am
I guess forex can become something like gambling because lots of traders rely only on their luck. They are greedy and risky, so trading remind a game. I want to trade in another way - to develop my skills in the market analysis .
  • #75
  • May 14, 2015 12:57am May 14, 2015 12:57am
Forex is a business, not gambling. We can follow the operation rules of forex trading and take efforts to learn how to follow it's rules and make profit. Forex knowledge, skills, experience, right brokers are also necessary for success, undeniable, luck works sometimes.
  • #76
  • May 14, 2015 2:35am May 14, 2015 2:35am
Trading (not just FX) is kinda like gambling BUT the odds are in your favour (if you know what you are doing)
  • #77
  • May 16, 2015 2:02pm May 16, 2015 2:02pm
i know it is not my first replay but every sometime i get some ideas i like to share with you guys
anyway

forex it is not gambling
if you think it like this way .. if some one enter a casino and start gambling (for just having fun only) he is gambling but also if he said hey i just like to have fun

same it is in forex market - the problem is it is every easy to enter forex (1mint) just email id and you are in- and another credit card number and you start playing with your money

the market it is real abut the problem in the trader he this it is a game if went up i got some cash if go down -- just refill the account again maybe i will be lucky next time.
  • #78
  • May 18, 2015 4:14am May 18, 2015 4:14am
life is gambling
forex is part of life
forex is gambling
  • #79
  • May 18, 2015 4:27am May 18, 2015 4:27am
Quoting nolimitz
life is gambling forex is part of life forex is gambling
  • #80
  • Jul 13, 2015 8:23pm Jul 13, 2015 8:23pm
Quoting cdysthe
Hi, I am relatively new to Forex and got into it kind of through the backdoor: I work for an European company and got paid in European currency. I also have stock/options in the company which has been sold in Europe. I had to be careful when I took the money over to the US so that I didn't loose on the exchange rate. After a while I thought: "There must me money in this somehow" and ended up finding the Forex trade! I'm beginning to get the picture: Trading Forex is not "Get Rich Now" unless you have tons of luck, luck which in that case could...
Youre right, but there are types of gambling, dupid gambling, mid level and professional

in the end we all are speculators but you can profit hehe
Perfecting your entry will increase your profits
0 traders viewing now