Forex Trading and Gambling - Are these the same?
Forex and Gambling are not the same. Gambling is a game of chance with expectations to make huge sums of money. The underlying effects (panic, fear, greed, anxiety, e.t.c.) are the same but much greater for gamblers. Unfortunately some Forex traders trade the market in a gambling manner, which is wrong.
Forex trading requires lots of intellect and experience. If you are right you are right and if you're wrong you're wrong.
Gambling is not a good investment as it can be addictive lacks moral ethics.
- www.metatrader5.com
Forex Trading and Gambling - Are these the same? Are the following factors determinatory in this regard?
1. Numbers
2. Players
3. Tools
4. Emotions
5. Strategies
They're basically the same. Trading just markets itself more like a business.
1) The number of people (95%) who lose in trading is about the same as gambling.
2) The players think they can figure it out. Should they observe it long enough... thats false.
3) Trading however have more tools at your disposal, gambling much more simple.
4) The emotions runs high when ever it comes to losing money in both activities.
- the same advices, don't use money you cannot afford to Lose.
- don't gamble the kids Christmas money away.
- don't go jumping off the bridge when stop-out the million-dollar account.
5) Strategies (if its a game of skill) needs to be mechanical.
- like gambling in trading, everyone thinks they have a sixth-sense... no they don't.
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Forex Trading and Gambling - Are these the same? Are the following factors determinatory in this regard?
1. Numbers
2. Players
3. Tools
4. Emotions
5. Strategies