I always figured that it had better odds than say, horse racing.
Even if there were only 6 horses in a race, only one could win, and if you placed you would get worse odds (for 2nd, 3rd)
But in forex it will either be Up or Down. And depending on your stop loss, it may even go against you, and you still win.
The problem is that people are greedier in forex... they keep gambling until they lose. unless proper money management...
Of course, proceeding into unknown territory basically is gambling as you are taking your chances as to whether the indigenous populace are hostile or friendly. Now coming down to the forex, if all you know about the forex is that it is a quick way to get big money by simply gambling on currency movements, you are in for a big surprise. Traders should try their demo to basically know what forex entails, else they are gambling.
The American dollar has lost an edge over the Canadian dollar which had happened yesterday Thursday. This has resulted in a pull away from its last session’s two-and-a-half week peak defying the possible implication of a positive US economic report release. The USD/CAD had receded from its 1.2400 which had previously marked the session’s high- thus bringing it to reach 1.2364 for the interval of early US trade.
There is that big certainty that forex is not gambling. Of course, forex is no online casino where people just bet on luck, when you throw a dice in a gamble you can in no way control your losses or the outcome of the dice whether a six or one. But when you trade, you can control the outcome; reduce your losses with perfect risk management strategies and meticulous planning. You still have a hand in the way prices go as traders' sentiments still affect market prices as macroeconomic data do.
Forex trading is not gambling and I say this based on what I have experience as a Victim of gambling.
Though am more into binary options than forex trading, I still can say a lot about about forex trading. With gambling the odds are always not in you favour. For example in casinos they claim it is a 50/50 chance, i.e for every 100 games you play you will win 50 for sure ( silly statistics if you ask me).
But there are other factors in play, remember the casino and bookies programmed this systems, so you think they will program it at a 50/50 chance?, no way that is going to happen.
But with forex trading, nobody can really influence the directions of the market so basically or say naturally every trade you make (minus the spread) is a 50/50 chance trade.
What best described this 50/50 thing is the binary option market, the market can only be active in 2 direction Upward or downward, or remain in changed. With binary option you can place you trade in any of this direction that is what I call a 50/50, no spread no robot just pure 50/50 chances.
You could find out more about binary option here at Binary Options Signals Reviews
Gambling is by luck but forex involves learning how to trade. As a trader you need to learn how to trade and go through challenges in order to be able to trade and understand the forex market. Everyone can trade forex but not everyone can become a successful trader. So forex is different from gambling.
No I don't think forex is gambling as it requires lots of awareness about global market which give high impact on the forex market.
You must need to understand the facts and consequences about business and gambling. This is obvious you must aware of the marketing trends and a bit of technical analysis of the static graphs of the Forex trade, you need to keep patience you certainly will be able to recognize the facts, what is gambling mean but at the same time just keep your eyes on current market analysis.
Best of luck ,,,
With gambling you really can only speculate nothing else no matter how great of a mathematician you are, but with forex trading it is above speculations, you really can make something out of the market if you out in enough energy and time to learn forex trading the right way and with the right brokers.
Forex is not gambling. Forex is about studying the market.
You don't need to be any Math expert, just read the market news everyday before working, and you will have good results.