Forex Trading Is It Gambling

More and more people register at a forex brokers and try to trade currencies. Due to high risks forex trading is often compared with gambling.

Calameo Forex Trading For Professionals

I have been asked many times is forex trading the same as gambling.

Forex trading is it gambling. To attempt to explain why trading is not gambling is pointless in my opinion. For many novice traders trading really is gambling as theyre placing trades based on gut feelings and not on market analysis. Dear ! hillel fuld first of all the report you wrote called forex trading and gambling.

Forex trading is becoming increasingly popular around the world. The mechanics are analogous in that both activities are exposed to a financial risk and reward tradeoff. To answer the question is forex trading gambling we have to break it down by the very definition of what it is to gamble.

But before we do that i want to share a brief outline of the way i used to think about trading and gambling. But it is more like testing their luck when they start trading because most new traders actually gamble and dont trade seriously. Consequently the answer to this question depends on the person who answers it and the person who is trading forex.

Yes it is gambling when one treats the forex market like a huge jackpot machine or roulette table where the hope of winning is dependent on nothing else but pure luck. Comparing trading to gambli! ng holds an argument that is on its own merits practically sen! sible. But before we do that i want to share a brief outline of the way i used to think about trading and gambling.

Trading is completely different from gambling if you are incorporating the right strategy after doing a proper analysis of market. It is up to people to find out for themselves as all traders have done why trading and gambling are poles apart. However as you develop your strategies and skills theres no question that forex trading can become more science than luck setting it apart from gambling in an important way.

To answer the question is forex trading gambling we have to break it down by the very definition of what it is to gamble. Although forex trading is gambling for the newcomer or the untrained investor it is pure economic science for the experts trader. Indeed if trading merely was gambling it would be next to near nigh impossible for anyone to make consistent money from it yet plenty do.

! I think its not right. Five reasons they are not the same is a work of art and the words are the words i would use also.

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