Download MetaTrader 5

Do you consider Financial Trading an act of gambling?

To add comments, please log in or register
Olawale Adenagbe
4926
Olawale Adenagbe 2014.05.27 18:39 
  • 44%
    (32)
  • 56%
    (41)
Total voters: 73
Ovidiu Caslariu
7845
Ovidiu Caslariu 2014.05.27 21:30  

Live...Luck...Love....Gamble....

Eristocrat
154
Eristocrat 2014.05.28 12:26  

Whenever you make a decision(start or stop a trade on whatever conditions) there is a propability for the market to move up and there is a propability to move down e.g. to loose or win. The market itself is a blackbox, the propabilities are unknown. The trader is "guessing" and justifies his decision on the base of his "believe system". If  the trader losses or wins depends on the quality of his "believe system" e.g. skill.

So imho trading is a lot like poker. Short term its a luckgame but longterm the best strategy survives e.g. the heros skill vs. villains(all other market members) skill.

Its gambling, but gambling is only a problem when you are loosing. 

Boon Chuan Lim
121
Boon Chuan Lim 2014.05.28 12:38  
Not really, of course you need luck, but then you will need a lot of skills.   If you look at the Signals Providers you will find that there are quite a number with 80% success rates.   Something that gambling will definitely not give you.   I would say of course there are risks especially in the real world, Ukraine, Cyprus, whatever, these will adversely affect your calculations.   However there are those experts that can measure sentiments and try to incorporate sentiments into their Forex strategies.
Ronnie Mansolillo
5522
Ronnie Mansolillo 2014.05.28 12:44  
They are both exciting!
Eristocrat
154
Eristocrat 2014.05.28 12:48  
When you make a bet, its gambling. If the odds are with or against you does NOT matter.
MetaBay Forrer
404
MetaBay Forrer 2014.05.29 11:22  
I don't gamble and I try to base my decisions using statistical results.
Eristocrat
154
Eristocrat 2014.05.29 16:08  

So you are gambling and dont call it gambling? Cause gambling is a bad word and statistics is a good one?

http://www.thefreedictionary.com/gambling

gam·ble  (găm′bəl)

v. gam·bledgam·blinggam·bles
v.intr.
1.
a. To bet on an uncertain outcome, as of a contest.
b. To play a game of chance for stakes.
2. To take a risk in the hope of gaining an advantage or a benefit.
3. To engage in reckless or hazardous behavior: You are gambling with your health by continuing to smoke.

There is no word about chances in the definition.

http://www.merriam-webster.com/dictionary/gamble

gam·ble

 verb \ˈgam-bəl\

: to play a game in which you can win or lose money or possessions : to bet money or other valuable things

: to risk losing (an amount of money) in a game or bet

: to risk losing (something valuable or important) in order to do or achieve something

gam·bledgam·bling 

 Also no word about chances.

You are lying to yourself when you are avoiding the G-word. Its gambling but it does not mean that you are a looser. Its good for you when your "believe system" gives you good odds, but changing the words is http://en.wikipedia.org/wiki/Newspeak or http://en.wikipedia.org/wiki/Doublespeak.

"War is Peace, Freedom is Slavery, Ignorance is Strength"

 Peace (the right one, not the other)

gambling
gambling
  • www.thefreedictionary.com
Definition of gambling by TheFreeDictionary.com
Nicko Putra Setiawirawan
142
Nicko Putra Setiawirawan 2014.06.19 16:17  

I think there are no similarity between forex trading and Gambling, not even close..

Since we know in forex we could minimize the risk it self by having a good strategy and trading system not like Gambling which only count on our Luck.. 

MetaBay Forrer
404
MetaBay Forrer 2014.06.19 17:36  
I don't think it is a gamble if you have a strategy and a good money management.
freecat
149
freecat 2014.06.19 18:03  

It depends on what type of gambling you compare it with.

It's definitely not like  roulette, in which any strategy is a loser strategy long term, but it's very similar to poker or black jack, where there are winning strategies if applied correctly.

12
To add comments, please log in or register