Is Forex Gambling ? - page 3

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To the reckless mind, living life at large is itself a gamble but to the tamed mind, living life based on a cautiously chosen set of rules is no gamble because he's careful enough to know and to follow. 

So to the one who knows not the rules of successful forex trading, the only option to instant profit is gambling and that makes him a first hand failure.

Whereas, to the one who is ready to learn, know what he is to do before he does it and continually abide by his pre-chosen rules ..., to that person; the chances are definite - he gambles not.

 
garpits:
if i win then you loss and if you win then i loss.
If all trader be winner, who is loss?

1.5 trillion a day is in the form of spot trades.

2.5 trillion a day is in the form of international commerce.

Poker and stocks are a zero sum game, every time you buy something from a foreign country, forex is involved. Forex is not a zero sum game.

 

Also, Forex is gambling when you trade MACD or haven't learned the market yet. Paper trade for months before trading live money. Remember that equity and balance are different forms of drawdown and are dealt with differently. Learn the markets (like the pending Brexit GBP crash). Read babypips.com to know the basics.

 
Ian Smith:

1.5 trillion a day is in the form of spot trades.

2.5 trillion a day is in the form of international commerce.

Poker and stocks are a zero sum game, every time you buy something from a foreign country, forex is involved. Forex is not a zero sum game.

 

Also, Forex is gambling when you trade MACD or haven't learned the market yet. Paper trade for months before trading live money. Remember that equity and balance are different forms of drawdown and are dealt with differently. Learn the markets (like the pending Brexit GBP crash). Read babypips.com to know the basics.

yes, you're right.

babypips.com is good for education, and have a good introductory phrase, making it easily understood even by beginners.

I have also encouraged the junior in local community to read it first before using more complex techniques. 

 
it's depend on your trading strategy !!
 
Casino 50/50 forex 90/10 chance of win. Only after 10 or more year experience it will be work not gambling. For surgeon job, need years and years, of accumulated experience, for trader same.
 
Definitely it's not, it has the logic and theory behind Forex Trading. Although the logic and theory might not be so precise nor accurate.
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