Is forex is gambling ?

[Alexander Hudson]

Most traders lose their money because of their wrong decisions. Many traders can not make the best plan for them. many chooses wrong broker.

 

[Mark Dahl]

Forex traders need a strategy not gambling to make money consistently.

 

[Darragh Bell]

Time and practice both are very much needed to make money fro this market. Both are very important for every trader.

 

[Gito Dinev]

Forex looks like gambling, but this is not. Trade with proper trading strategy.

 

[Eduardo Lucchese]

No, I don't think that Forex trading is gambling. It needs proper skills and knowledge to earn money.

 

[Kevin Vogt]

Forex itself is not gambling but some people treat it like gambling. When you don't know what you are doing, you are doing gambling.

 

[Nezami]

You can earn from many ways in Forex trading , maximum traders earn profit from here by using their trading skill , on the other hand , despite of good trading knowledge that’s not possible at all to lead a profitable trading life with certainly without having a reliable support form a credible trading platform , because the trading broker can affects the result of our trading with certainly.

 

[Kazumu Fukunaga]

Do not trade out of assumption. Learn how to trade effectively. Don't be hurry. It needs time to be profitable. Don't chase pips. Focus on developing skills and abilities, pips will come automatically. Do not treat forex like gambling.

 

[Kevin Vogt]

Yes currency trading isn't a game to bet. It's a business that needs profound understanding and expertise to acquire success. The earlier a trader will understand it the better .

 

[LouBega88]

Forex is a decentralized market and it’s not a scam. But we have to stay careful about broker selection and scam brokers can make us suffer.

 

[Gito Dinev]

No, forex is not gambling but we have to be careful about broker selection and wrong broker selection can cause us some troubles.

 

[Nayek Pichai]

Gambling is an approach of trading that we should avoid because this is not an acceptable trading approach for traders.

 

[Gito Dinev]

Proper strategy-based trading is required for surviving in Forex for a long time. The more a trader studies the more, the more he becomes innovative about the market.

 

[AltcoinArcher]

Forex is not gambling by definition it is a financial market based on currency exchange. However, it becomes like gambling when traders rely on luck instead of analysis and risk control. With proper strategy, discipline, and understanding of economics, it is trading, not chance-based betting in the long term.