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  #1  
Old 06-17-2017, 01:55 PM
Januar Januar is offline
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Default Forex Trading is Like Gambling. Is it True?

I heard many people say that forex trading is like gambling. doing forex trading, we would never know whether or not we will get profit. Is it true? I also heard some people say that some experts can even predict how a certain currency will perform in a certain period of time based on their analysis in terms of market trend, the stability of a country, etc.

In the near future, probably in a few months later, I would like to try forex trading. I have never tried forex trading before. But before I invest my money in an online forex trading platform, I would like to learn how to trade forex. Please, any experience, knowledge, and advice about forex trading. Thanks!
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  #2  
Old 06-20-2017, 08:35 AM
Krystyna Natywsna Krystyna Natywsna is offline
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Default Re: Forex Trading is Like Gambling. Is it True?

not really…trading is nothing like gambling if you know what you’re doing
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Old 06-20-2017, 01:47 PM
Cammi Cammi is offline
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Default Re: Forex Trading is Like Gambling. Is it True?

It seems to me that no.
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Old 06-23-2017, 03:39 PM
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penny128 penny128 is offline
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Default Re: Forex Trading is Like Gambling. Is it True?

Nothing like gambling. Forex trading requires skills, experience, patience and psychological stability
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Old 07-13-2017, 03:33 PM
Kuznec Kuznec is offline
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Default Re: Forex Trading is Like Gambling. Is it True?

Forex is like gambling only for the uninitiated, when you become a trader, you will understand that there is nothing from luck that does not depend, only on knowledge and experience.
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Old 07-24-2017, 08:47 PM
Valz Miky Valz Miky is offline
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Default Re: Forex Trading is Like Gambling. Is it True?

Forex trading is not gambling. But some people do that but only get loss. BTW, I am with FreshForex broker as the role of broker cannot be under-emphasized. I get to trade the major financial markets in regulated true ECN conditions like near zero spreads and no-requoutes with fast execution. There are supporting conditions of training, 1:500 high leverage, partnership & trading contests to make extra money and genuine generous bonus. Oh BTW, one can simply invest in 48% Interest per annum for passive earning!
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Old 08-04-2017, 05:59 AM
kirtimeliwal kirtimeliwal is offline
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Smile Re: Forex Trading is Like Gambling. Is it True?

Forex trading is different than gambling, it needs more expertise and knowledge about the forex market. A professional trader is different than a casual gambler who make hopes to make money if he gets lucky and measure the results.
forex trading is best for those who have a better knowledge and who are expert in making strong and profitable strategies to gain more return in the market.
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Old 08-11-2017, 05:25 AM
Ronsmith Ronsmith is offline
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Default Re: Forex Trading is Like Gambling. Is it True?

Truly even the "huge young men" at the vast banks and speculative stock investments bet each time they take a seat at their exchanging PC. However, (and it's a BIG yet) there's an innate distinction between how they bet and how 99.9% of retail Forex merchants bet. It's a seemingly insignificant detail called "probabilities".
-joinsovereign
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Old 08-24-2017, 05:50 AM
FrankByMonster FrankByMonster is offline
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Default Re: Forex Trading is Like Gambling. Is it True?

It's analyse. And pretty difficult. You must forecast some events and what they will cause
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Old 08-28-2017, 10:24 AM
humblestock humblestock is offline
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Default Re: Forex Trading is Like Gambling. Is it True?

Trading involve risk! if you cant take risk, dont get started
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  #11  
Old 09-03-2017, 04:46 PM
Valz Miky Valz Miky is offline
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Default Re: Forex Trading is Like Gambling. Is it True?

If we lack sufficient knowledge or experience then it’s obvious that we will find it harder to trade and we will be more like gambling. So, it is must that we set our targets right and don’t gamble. I have been trading well through FreshForex with their superb guidance along with stuff like PushUp $200 No Deposit Bonus, it’s all terrific!
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Old 09-07-2017, 03:48 AM
g_nicks g_nicks is offline
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Default Re: Forex Trading is Like Gambling. Is it True?

For most participants, it most definitely is.

Some might say that the definition of the word gamble might be: “take risky action in the hope of a desired result.”

Anything in life is classed as a gamble if you employ just hope in relation to a desirable outcome.

Speculative trading is no different from managing a business, studying for an exam, going to the gym… You can’t depend upon hope for your desires to come to fruition.

If you understand probabilities and statistics then you can hypothesise about how you might be able to exploit inefficiencies in price. Focusing on quantifying how and when to engage in a given market place makes words like “gamble” redundant.
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Old 09-07-2017, 03:46 PM
Jeff51 Jeff51 is offline
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Default Re: Forex Trading is Like Gambling. Is it True?

Hey Januar, it seems like you do not have a lot of experience with forex. You should check some articles how forex works. Forex can look like gambling but only to people who don't have experience with it. There are many professionals who make more than a good living just from trading FX. And how they predict the price? Either by using fundamental analysis (watching the news on the economic calendar or by using technical analysis (watching charts for example for repeating patterns that already happened in the past and might happen in the future). If you plan to start trading forex, go for a demo account, you do not want to lose your money if you don't know how to trade.
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