In Forex business and gamebling both possible or not ?

[rafiqshahid]

Well forex is only gambling if you don't know anything about the market and how it works. For me gambling is a game of chance where anything can happen. In forex most of the time if you do the right analysis you know what will happen and make profit out of it.
But of course there are people that will just put their money blindly on a pair and wait to see what happens. For them forex is certainly gambling.

 

[UMOFX IB]

Of course forex is gambling when people do it with no knowledge of market and analysis of market. They haphazardly put any order and wait what happened.We can avoid gambling doing forex in proper manner . If we study market , try to find trend and put order with planning and money management.

 

[rafiqshahid]

This is gambling for those traders who has the less knowledge of trading and without reading the news and without making the analysis put the trade and wait for taking the profit then this is a shape of gambling. This business required the proper knowledge skill and experience then the trader become successful in this field.

 

[Markllee30]

Gambling is totally different, people who take Forex trading as gambling might lack its knowledge.

 

[rafiqshahid]

In forex business gambling is not possible. It is a real business which need the proper knowledge, experience and practice. Without this the trader can not be become the successful trader and not earn the money from this market. Gambling is totally difference those people who take forex trading as gambling might has not knowledge of forex.

 

[jackcm]

Except the ones who copy other traders, people in this market trades without analyzing market are casino players, those players only have two things to do: opening positions and hoping.

 

[Cutiekc]

No they are not for the fact the forex trading has nothing to do with being lucky or not and gamble has all to do with luck so when one is having the wrong impression that gamble can be done on forex then that said person will rely on his guessing ability which is totaly wrong.

 

[riddick09]

I don't consider Forex to have gambling. Yes, because, in Forex it is not luck that really works but the strategy and the trader's skills while gambling has the luck and if they are good in just guessing though, we will not have analysis here. And it's investments not a form of gambling.

 

[willy]

no please forex is not like gambling because gambling depends on luck and forex depends on your knowledge in trading and in technical analysis therefore forex is very difficult job and needs too much time to be professional

 

[winuga]

trading in forex market need knowledge of analysis, that is why people trading in forex market called trader not gambler... but of course there still many of people mostly doing trading forex just like a gambling site which many of them finally lost, only you can determine wether you are trading or gambling

 

[naninov]

Well forex is only gambling if you don't know anything about the market and how it works. For me gambling is a game of chance where anything can happen. In forex most of the time if you do the right analysis you know what will happen and make profit out of it.
But of course there are people that will just put their money blindly on a pair and wait to see what happens. For them forex is certainly gambling.

speaking about gambling will not related into knowledge because it is bad mentality such person has, sometimes even trader with enough knowledge and analysis skill can get seduced by mental of gambling, it is not about forex market create gambler, but the gambler is using forex as their game

 

[Decub]

I wish I could understand the thread much better but if you are comparing Forex and gambling, then I can say they are not the same but cannot be said to be entirely parallel. While adequate skills and knowledge nurtured by practising is required to excel in Forex, it might not always be necessary in gambling.

 

[sindarin]

For me forex and gambling have some similiarities like we predict what will be the outcome, but in basic forex and gambling is different, while in forex we exchange currency while in gambling we are gamble, only depend on luck 99%, while in forex we depend on luck 1%.

 

[Cutiekc]

For me forex and gambling have some similiarities like we predict what will be the outcome, but in basic forex and gambling is different, while in forex we exchange currency while in gambling we are gamble, only depend on luck 99%, while in forex we depend on luck 1%.

Well, they are having no similarities to me. They are noth two huge different thing to do. Forex trading is more of the knowledge in the sense that the guessing skills does nit work while with gamble we are mostly relying on our ability to make a correct guess perhaps making use of the previous event that occured, but in forex trading previous market situation never determines its current where about.

 

[Decub]

For me forex and gambling have some similiarities like we predict what will be the outcome, but in basic forex and gambling is different, while in forex we exchange currency while in gambling we are gamble, only depend on luck 99%, while in forex we depend on luck 1%.

Yes, I will always believe that they have some similarities but basically not the same and to me, it seems the similarities close up depending on the type of gambling.

Well, they are having no similarities to me. They are noth two huge different thing to do. Forex trading is more of the knowledge in the sense that the guessing skills does nit work while with gamble we are mostly relying on our ability to make a correct guess perhaps making use of the previous event that occured, but in forex trading previous market situation never determines its current where about.

Maybe you are seeing gambling from the lay man's perspective of it and seeing Forex trading from a professional view. If you lay them side by side, then you will understand that there are games you can win in gamble only by detailed analysis just like Forex.

 

[Cutiekc]

Yes, I will always believe that they have some similarities but basically not the same and to me, it seems the similarities close up depending on the type of gambling.

Maybe you are seeing gambling from the lay man's perspective of it and seeing Forex trading from a professional view. If you lay them side by side, then you will understand that there are games you can win in gamble only by detailed analysis just like Forex.

Thats right. Gamble on its part has its own analysis method but thats based on luck and previous historical event. But forex trading is all different. You dont expect the market should behave the same way it did yesterday. Forex trading is far different from gamble.

 

[winuga]

forex absolutely not a gambling business, but someone can use it as a place for gambling, so it is all depends on ones will, if he/she wants to gambling in forex market than it will not make forex as a gambling business but they can use forex as media for gambling, not just forex if i may say like football games, gamblers use it as a media for gambling but football is not gambling business

 

[Cutiekc]

forex absolutely not a gambling business, but someone can use it as a place for gambling, so it is all depends on ones will, if he/she wants to gambling in forex market than it will not make forex as a gambling business but they can use forex as media for gambling, not just forex if i may say like football games, gamblers use it as a media for gambling but football is not gambling business

I still cant see forex trading working for those using the gamble strategies on it, yes gamble strategies do exist. Like for instance its invariably believe that the winning team will maintain it. But in forex trading. Reverse is the case a weak currency might turn stronger in the next few minutes or seconds.

 

[batigor]

both is possible, it is depend on that person who treat forex what he like to be, if he doing fotex as a business thsn he must be prepare being a good trader with good market analysis knowledge, but if he want forex just a gambling platform than he will use his capital just like gambling only taking buy or sell for luck without money management, the chance for doing business or gambling are same 50:50 chance, the only different is traders current will

 

[winuga]

[MENTION=54310]batigor[/MENTION] yes i agree, it is really depends on traders itself what he want forex to be work for him, even the chance is same 50:50 chance but the important things what is the difference between gamblers and traders depends on the traders will and the way he trades on market, whether using analysis and money management or just guessing and hoping for luck.