Forex trading is not gambling, nor is it like gambling, however, it can be considered a gamble in the sense that markets act at random, and it may be difficult to speculate correctly, and traders take a chance with their trading strategies hoping that the markets move in their favour WebThe short answer is NO, forex trading is not gambling, however, there are certain aspects of forex trading that may resemble gambling to some. It really comes down WebSo after everything said here, is Forex trading really gambling? Yes and no. It’s gambling when you Have no trading strategy or system, and you enter trades based on gut WebThat means he’s gambling while trading. But hey, that’s ok. Not everybody wants to make a living trading Forex. There are people that think it’s exciting and they are looking for a Web14/8/ · So, Let’s Settle This: Forex Is Gambling. Down to the very bone, Forex is a form of gambling and there is no way to change the definition. Yet, it could be argued ... read more
The infinitesimal variations of all the associated underline reasons become useless by the time they create the post mono graph movement. Traders are fascinated and deluded enough to apply strategies training mentoring signals and skill to the post graph and pay good money to be able to do so which in turn creates other unfortunate byproducts in the forex scenario.
You are quite correct, forex is gambling which is fine but there are two salient points which are as follows. One Traders are not leaving their money in long enough to give fluctuation a chance of success and setting stop losses when your only loosing is plain stupid because would you invest £ in whatever and stop when your loosing £, of course not.
Two Traders do not have any insight into what all the underline factors in future accumulation will do to the graph because they do not know ever what those underline factors are and how they ever will come together on going. Thanks for this opportunity to state logic and common sense, though not as dynamic as the fascinating claims out there, never the less, are the truth.
Hayden Harris. Official Air Jordans Shoes For Sales,Cheap Jordans Online,cheap jordans for sale,cheap jordans-Original Cheap Jordans Online Store,Supply Men Jordans,Women Jordans For Sale. Guest put it out right. Everything in life is a gamble. Choose your fight gamble from all available options and either make it work or it will work you. Everything is about odds! Hi everyone. Forex could also be seen as Black Jack, which also requires skills, training and experience….
Forex is built on a system of trade, influenced by supply and demand, etc and therefore requires skills and training to be successful. However, if you have gone for driving lessons and passed, etc. Now does driving involve an element of risk or loss? Just ask any licenced or experienced driver who has been in an accident. Is that driver a gambler? As in the case of the unlicensed or inexperienced driver.
If I may further add to my previous comment, does this mean people who go to the casino and who are experienced and skilled are then not gamblers? Yes of cause they are gamblers. In order to access whether Forex is gambling or not, one has to look at the foundations or fundamentals of the whole system of Forex and compare that to how a casino operates. I did not gamble when I set up a successful business as I followed all the steps such as research, business plan, strategies, educations and even the finances etc.
Exactly the same steps I followed when I started a successful Forex trading career. From your post, that means buying a property with the aim of selling later is gambling. Setting up a business with risk of making losses is gambling.
Very interesting topic… I thought about something about how we use our emotions to drive our decisions. So to speak am a christian but i have a conviction that someone who has never gone to heaven can convince me how good heaven is basing on what is laid down in books. I believe that everything we do in life is based on things we have heard and probably seen.
Basing on this i conclude that if you belive in something you always struggle to see it happen just like we struggle to reach heaven..
If one of us believe they can study Forex and be successful you can make it here nullfying that its not gambling. How is this likened to gambling where you trow dice and expect rewarded when you get a six. for retails it is majority of brokers are market makers or stp a polite name of market maker very very few are ECN who does not care about your profit nor loses, in fact the big guys liquidity providers are also having market maker scheme to hedge each other.
so to come with your little money or investment in forex, it is total waste of time, and you can learn all the fancy subjects and strategy and you will eventually lose it and blame it into whatever excuse available is there. if there is a way to make money in forex, there will be two or three brokers in the world to handle it, but we know human psychology and stupidity will make us the broker richer and richer by having clients loses in our pocket.
A great forum here. with experience knowledge and good calculation you can be trading with profits guarantee. Justin has opened a great discussion a meeting point for experienced and novices. Thank you Justin for explaining opening my eyes, I loved your post.
I wanna come back to trade for a living now and I need your blunt advice — should I do it or I should just leave it for good and learn to love agriculture? Since forex trading is gambling why then does the government allow it. First am taking a risk so that I can get profit by the end of the day. I will bake cakes but am not sure if the stock will consumed until there is no more cakes.
Another thing I have to go and sell the cake so by the end I could have win profits Also I risk not getting profit from my cakes that I have if there are not all bought. In this form of business is it gambling also because all the three definition you have stated fit in very well.
FX trading is like a casino with the odds on our side. FX trading will eventually bring us to abundance if we are in tune with the market. Price Action helps us tune in. I have an art company and I took a lot of risks and loose a lot of money before I start making money. Trading is not different from it. If one has learnt forex trading carefully, he does not doubt profit because by mere setting his eyes on the chart,he can easily see that here profit is a sure case because the chart itself shows that before he even launches a trade.
Trading is modern word for Gambling.. The desire to earn money overnight by capturing market trends is very smart discovery.
But it kills mental peace.. Rather we should work toward investing in Good company with good intention to gain wealth when company performs.. Yes you are right ,Forex trading is the ultimate form of gambling. Forex trading is extremely volatile, and this brings a large number of profit opportunities for neophytes. However, these profit opportunities bring along chances of losses too. If you are thinking of starting or learning forex trading, keep in mind that even seasoned investors can lose money.
Forex also known for Foreign exchange which is the largest financial markets globally. There are millions of people who have benefited through trading Forex. your article is very useful for everybody. Youy are quite right. And whats even more scary is that all business is gambling seeing as you have to risk a certain amount investment to make more. and the reality is that even if you have done everything right, you can still lose your investment.
At the end of the day, when trading i have to pick whether it goes up or down. And i can be wrong even if the analysis is correct. everything in life is gambling. But even poker players can count cards. Your view is wrong. If you consider your view, all businesses are a form of gambling. Forex is a highly specialized profession in which the largest banks and institutions operate. Is Forex Trading Gambling? Justin Bennett says Sorry you feel that way, Justin.
Of course, we can also just agree to disagree. Guest says Hey Justin, If you think that way, you can say parents looking after their children and providing them with everything in theire capacity believing children would look after them in return when they will be needed and when the children ditch their parent to be in old age homes, the parent were gambling. Justin Bennett says Well said, Dakao. Justin Kouakou says Justin. Uranti says LMFAO : Reply.
Dawai says Well Justin, i want to ask you, what is the wrong in gambling? Forex has not hurt you in any way. did it? Godwin says Thanks for sharing this Reply. jo says money changer is gambling? jo says there is a lot of difference between Forex and gambling. chris says I want to know and have skills of forexcan you help me thanks Reply. Jack says Married is gamblers? You must bet your life on a stranger, haha Reply. jo says everything you said is tottaly right! Duse Killian says you are right bro Reply.
Alex Chestnutt says Investing, trading, to me is not gambling, as you own shares in the company concerned. Justin Bennett says Alex, this post is about trading, not investing. percy says hie Justin , what Alex is simply trying to tell you is : gambling is done on the basis of probability whilst forex trading is done on the basis of facts [technical and fundamental analysis.
Ezekiel says And what is the difference between the two Reply. Elias says Hey there, I have one important question regarding Forex Trading. Please take your time to answer, Iam really curious to your explanation Reply.
Justin Bennett says Elias, the point of this post is that you need to trade like the casinos by stacking the odds in your favor. stezosparadise says Thanks, many things in life is gamble, I appreciate that honestly Reply. Rajesh says Trading is not gambling, it is possible to make money in the market, only those who know the market how it is moving. i know that, I done that, I made money Reply.
Hallie says I agree with you Justin. Thank you Reply. Paweł says The similarity to gambling is that the outcome of one individaul trade is unknown and ramdom. Serious traders make money via a series of trades with proper Risk Reward Reply. Justin Bennett says Pawel, I would mostly agree with that. Thanks for commenting. Frank says Bravo! Agree Reply. Lucas says Absolutely true article. Justin Bennett says Lucas, you got it! Justin Bennett says Thanks for sharing. Mohamed says Yes is gambling Reply.
Justin Bennett says Thanks for sharing, Andrew. yousef says if some body open a restaurant. forex needs skills so its akind of a jop Reply. Justin Bennett says If you define gamble as taking on risk in the hope of a desired result, then yes, opening a new restaurant is a gamble. Frank says Yes, absolutely!
Palo says Trading means a supply and demand cycle. Justin Bennett says Very true. Caleb says Well we should all have been in farms.. harvesting crops!!!
junah says the analogy confuse me. Lesego Motsweta says yes I still think forex trading is gambling, I tried it before though I did not understand much of what I was taught and loosing a lot of money made me realize I was just like a punter in a different platform of betting Reply. Lesego Motsweta says can I make a career out of Forex trading? I do not want to work a white collar job all my life Reply.
abir says Forex reminds me of establishing privately controlled central bank by making public fool or hypocrite. Larrio says So Justin, you are not in anyway discouraging anyone from looking at this forex trading as a stable income generating venture to embark upon…. Zoa says Yes it is. Steven " Ghatto" says I think Justin hit it on da spot. M Qadir Khan says Forex is completely gambling as like you are doing it in Casino, but Casino is better than forex because Casino is based on your luck but forex is man made machine which want you to loose only….
If you consider Forex as gambling meaning all business and investment are gambling Reply. Some one is driving like a car Reply. Delad says I want to believe whatever you have control over is not gambling.
With skills, the pros are able to maneuver so that at the long run, profits far outweigh losses. Qadir Khan says Shark can eat us anytime and anywhere, I tested everything it is not base on supply and demands, but It is like a physiological gambling. Cletus Albert says Yes it is a little gamble as I think…most of the things we do in life which we are unsure of their outcomes are merely gambling..
Idrees barney says I started trading forex less than 3 months learning from a 3 years in experience friend, yes he wasnt ok finacially but myself always think what to put money on so I reach out to him, it wasnt comfortable but I had to endure to learn I made more money from my business so I funded his broker account, open a new trading account for my self funded that too change his gadget to give a perfect chance of a good trading opportunity even get more trading gadget he never had.
Well he still needed more to get a better trading point but thats all I could do. We should just make it black or white same thing wont work for all it depends on how you learn your lesson Nothing like semi gamble Just believe in what you believe wont hurt your future Tomorrow is a mythical land that we journey into nobody knows what it holds we can only assure a good outcome by making best of today, so make the best of your odds Instead to feel like I learnt nothing and all my sacrife to gain is wasted.
Thanks for reading but am not a writer. Hayden says Idrees I like your wisdom which is true payment for experiences wether positive or negative. regards Hayden Reply. william c says Sure is gambling Reply. Hayden says I love your post but even with your amazing insight, you and others will not accept logic and common sense and I say this with the greatest of respect.
Hayden Harris Reply. Jordan Slide Sandals says Official Air Jordans Shoes For Sales,Cheap Jordans Online,cheap jordans for sale,cheap jordans-Original Cheap Jordans Online Store,Supply Men Jordans,Women Jordans For Sale Reply. Beckie says Guest put it out right. Justin Bennett says True enough. Jason de Caires says Hi everyone.
Jason de Caires says If I may further add to my previous comment, does this mean people who go to the casino and who are experienced and skilled are then not gamblers? Marv says Wooooooow!!! Insightful Reply. To say, if you are blindly guessing then you are gambling. andrea says forex and gambling are a fine brother and sister…. Philip says From your post, that means buying a property with the aim of selling later is gambling.
In forex, you have control of how you make money. So, you can compare trading forex to beting or casino Reply. Isaac says Very interesting topic… I thought about something about how we use our emotions to drive our decisions.
How is this likened to gambling where you trow dice and expect rewarded when you get a six Reply. Jame says for retails it is Julius says A great forum here. Thanks Reply. Nigel says Thank you Justin for explaining opening my eyes, I loved your post. Sanjay Kumar says not a gambling but the funda of currency you are buying must be known to you. JohnOdoks says Since forex trading is gambling why then does the government allow it. shingie says Everything in life involves gambling Reply. Andrew Muchtar says FX trading is like a casino with the odds on our side.
Jerry says I agree forex is a in fact a big gambling and anbody trading it prepare to loose Reply. Sunil says Trading is modern word for Gambling.. jessica smith says Yes you are right ,Forex trading is the ultimate form of gambling. your article is very useful for everybody Reply. Lou says Youy are quite right. Mankind has often wondered if gambling is an actual sin. Today we take a closer look at this philosophical conundrum and discuss the possibility of gambling being an actual sin.
We will examine gambling as […]. The online casino industry is taking an abrupt turn for the better once again, this time brought on with the help of the Metamask gambling concept.
Over the past years, Metamask was a buzzword that was not fully grasped by consumers and businesses, but the introduction of Web3 technology and its subsequent popularity has made […]. Well, you are not too far off the mark, but the truth is that casino attire these days has changed, and dress codes are […]. Fast-forward to the 21st century, and people are just as split on gambling as they were in the past.
China still prohibits gambling as it did 4, years […]. One of the most popular games out on the casino floor, blackjack is still shrouded in a fair degree of mystery. Players who sit at the tables to participate in the almost-ritualistic gameplay that has been around since at least the s seldom ask themselves the question of how many decks are used in blackjack. The United States has a long tradition of gambling. With a mesh of regulation and state laws, it may often be not immediately clear what gambling options are available to you without doing a bit of due diligence beforehand.
Today, we take a look at the gambling venues that accept year-olds in the United States. To […]. Casino establishments are some of the most fun places on earth. They provide you with an ample variety of games of chance, such as slots, roulette, blackjack, craps, keno, baccarat, poker, and many others.
The etymology of the word casino is traced back to Italy and it once denoted something as simple as a villa […].
Gone is the stigma surrounding being a gambling addict and the condition has been recognized […]. Las Vegas is big on slots, and if you are looking for some of the best paying ones, you have come to the right place. In fact, there are more than , slot machines in Sin City according to the Nevada Gaming Control Board.
Slots can lead to big wins and they have a no-brainer […]. But a fish table game is about the more literal meaning of the word — beating actual fish or rather, shooting it with a huge cannon as you channel your dexterity […]. Tattoos are quite a bit of fun. Their history obviously goes back centuries, but body painting has been part of every culture, ethos, and religion throughout human evolution. Many people tattoo popular elements of the gambling experience on their bodies, […].
Online casinos with the best payout percentages are often the most coveted type of gaming website players want to visit. Today, we take a look at those real money online casinos that have the best RTPs and offer the fastest payouts without adding any friction to your experience.
While we still look for important aspects […]. Offshore betting sites have been gathering momentum around the world for years now. In the dawn of sports betting, when regulators were moving slowly, offshore sportsbooks were already building the future of online gambling by making it possible for people around the world to place a wager.
Many of the top offshore betting sites began operating out […]. Playing poker with friends can always be fun, regardless if play money or real money is involved. Since people cannot meet every Friday for game night, online poker with friends is an activity that continues to gain popularity.
But can the online poker experience get close to pushing your stack of chips while calling all-in […]. Home Is Forex Just Gambling? Tuesday November 22, PM. Why Is Gambling Illegal in Countries Around the World Previous Article. Gamblers Who Lost It All - The Biggest Losses in History Next Article. Leave a Reply Cancel reply Your email address will not be published. Must Read. By Heidi Specter.
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The world of Forex Trading is commonly misunderstood, with many unaware people who are not entirely sure what forex actually is, or stands for. If you are familiar with what forex is, then you may be surprised to hear that there are those out there who believe that forex is gambling!
So, is forex gambling? The short answer is NO, forex trading is not gambling, however, there are certain aspects of forex trading that may resemble gambling to some. It really comes down to the trader and how they are trading, predicting currency swings, and watching trends — if they are trading without proper estimation, then forex may very well be a gamble for them. Similar to the stock market, traders can spend and invest all the money they are capable of spending as they please.
For lots of traders who fail to properly assess and predict swings and trends in currencies, they are essentially gambling. Considering the definition of gambling, is forex trading just gambling? If gambling can mean taking risky actions with the hope of a certain outcome, forex can be considered gambling , depending on who is doing the trading. Also, no matter how good you are at trading forex, there is a lot of risks involved; the markets are highly volatile, and most traders utilize leverage which can be dangerous.
If a person is uneducated on the forex markets and has no clue what they are doing, and are also placing trades with the hopes of making some coin, they are by definition gambling. Many novice forex traders bring emotion and or feelings of luck into trading, which many people bring into gambling as well, which will not work. However, gambling is not in the DNA of forex trading — most of us, especially the ones who are successful, are not gambling when we are trading forex.
All you need to do is take the time to learn and implement the proper strategy in order to make it less of a hobby or money pit and more of a job. So yes, while forex trading can be like gambling, forex trading involves strategy, analysis, and technique that most gambling does not require. These are only some of the most basic similarites and differences of gambling vs forex — obviously, the lists are endless. Those who are addicted to gambling typically have the belief that their next bet is the winner — this false optimism is what leads them into bankruptcy and debt, with them hoping that the next gamble will result in money and riches.
Unfortunately, forex trading can be the same — a lost trade is just as painful, and many traders will enter more positions in order to try and win back the money they just lost. This is a painful cycle that only results in money lost. The only way to ignore this false sense of security is to approach every position or game with the viewpoint of a loss — to understand that there is a chance that you may lose.
This is the main reason that separates forex from gambling. Not only can you learn forex trading and develop new strategies and approaches, the more you trade, the better you get. Gambling is something else entirely — when you gamble, you are placing you money in the hands of chance. While the forex markets can be unpredictable at times, they can be anticipated and you can get better at predicting how a certain currencies value will move. Financial markets do not act out of change; they move and change due to a variety of factors, ranging from small-scale to national economic news, and these factors are events that forex traders have the benefit of analyzing.
To compare gambling to forex trading is an incredibly oversimplified comparison, and upon deeper inspection the differences between the two outweigh the similarities. While there are similarities between forex trading and gambling, there are even fewer similarities between forex trading and sports betting.
To be fair, they can be likened to one another in a couple ways — in both sports betting and forex trading, you are betting on an outcome in order to hopefully make profits. With sports betting, you are predicting that one team wins over another, or something of the sort. With forex trading, you are banking on shifts in market volatility that will make you money — the goal here is for the currency prices to change in relation to another so that you make profits off of these shifts in currency value.
The main difference between sports betting vs gambling is what determines the outcome. In sports betting, you are betting on people. Especially when it comes to short-term, the markets can act very random and it can seem as though to bet on them or try and make any sort of profits from market changes is an act of gambling.
However, when you look at the bigger picture, your odds of winning at forex trading is heavily based off of your skill and your skill alone. The better you get at forex trading, the less you will lose and the more money you will win. And, just to throw it in there, the profits you can make just from trading forex can be substantial.
If you are willing to put in the time that is required to become a good or at least decent forex trader , then it can be a very lucrative career or side hustle. Not to mention the benefits of trading forex as a full time job are endless as well, such as being your own boss, unlimited earning potential, set your own hours, etc. For those who want to learn how forex works and how you can make profitable trades every single day, go read our Forex Mentor Pro Review — a mentorship program that will take you from beginner to pro forex trader ASAP.
Is Forex Gambling? The Answer Might Shock You. Table of Contents. I help others find financial freedom and success with forex trading.
Web14/8/ · So, Let’s Settle This: Forex Is Gambling. Down to the very bone, Forex is a form of gambling and there is no way to change the definition. Yet, it could be argued Forex trading is not gambling, nor is it like gambling, however, it can be considered a gamble in the sense that markets act at random, and it may be difficult to speculate correctly, and traders take a chance with their trading strategies hoping that the markets move in their favour WebThe short answer is NO, forex trading is not gambling, however, there are certain aspects of forex trading that may resemble gambling to some. It really comes down Web9/10/ · There are a few key differences between gambling and Forex. Both involve risking money. But Forex is unlike traditional gambling because the house does not WebThat means he’s gambling while trading. But hey, that’s ok. Not everybody wants to make a living trading Forex. There are people that think it’s exciting and they are looking for a WebSo after everything said here, is Forex trading really gambling? Yes and no. It’s gambling when you Have no trading strategy or system, and you enter trades based on gut ... read more
I didnt realised it was a big problem but I thought what made us see so much profit if I can invest larger sum we can start making enough to take our profit early so I orchestrated a friend and he agreed to invest a larger sum the when open a well reliable broker in my name and funded the account to start the trading. Learn to Trade Free Courses Menu. Well Justin, i want to ask you, what is the wrong in gambling? Forex also known for Foreign exchange which is the largest financial markets globally. Sit down, get yourself a good computer and start learning to read price movements. Everything in life is a gamble.Because they want to sell you their product, of course. Forex Brokers Accepting Mobile Money Forex Brokers Accepting PayPal Forex Brokers Accepting Credit Cards Forex Brokers Accepting Cheques Forex Brokers Accepting Bitcoin. They can, however, be likened to one another in a few ways as in both, you are betting on an outcome to make profits. Not everybody wants to make a living trading Forex. Tickmill 7. of course if i have 5 apples, i already know i will get profit for 5 apples, is forex trading like gambling, if i am succeeded selling it.