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Is FOREX trading just gambling?

Discussion in 'General Chat' started by WisePenguin, Aug 9, 2011.

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  1. #1
    I've recently been introduced to FOREX trading and it seems interesting. But I was thinking, is it not just gambling? Is there a difference?
     
    WisePenguin, Aug 9, 2011 IP
  2. iidesu

    iidesu Peon

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    #2
    As far as I know, it requires a sufficient amount of knowledge about global financial systems and international politics and geopolitics. So, in short, gambling is the last thing I would use to describe Forex trading.
     
    iidesu, Aug 10, 2011 IP
  3. Elliott_AU

    Elliott_AU Peon

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    #3
    If you don't know what you're doing of course it's gambling. Otherwise, it's about predicting the future through current world events and economic indicators.
     
    Elliott_AU, Aug 10, 2011 IP
  4. Warner

    Warner Active Member

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    #4
    No doubt that Forex activity is gambling and you can be sure that you are not a gambler in this game. They just make you feel mighty in financial question, but seriously you are just a skilled employer and helps them earn money.
     
    Warner, Aug 10, 2011 IP
  5. Seqqa

    Seqqa Well-Known Member

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    #5
    Basically yeah. Most large forex traders are trading macroeconomics.
     
    Seqqa, Aug 10, 2011 IP
  6. twittermarketingstrategy

    twittermarketingstrategy Peon

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    #6
    We can say that its true, but this is the best method to become rich fast.
     
    twittermarketingstrategy, Aug 10, 2011 IP
  7. fxlock

    fxlock Well-Known Member

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    #7
    most of people made mistake forex is gambling and they use high leverages and trade with big lot size but the fact is forex is not gambling, in forex you trade currencies but first you must study a lot about how to trade , fxstay broker have useful information for learn free forex .
     
    fxlock, Aug 12, 2011 IP
  8. Kiros

    Kiros Active Member

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    #8
    My personal opinion "Yes it is gambling" but which is not gambling in this life !
     
    Kiros, Aug 12, 2011 IP
  9. SpiderHunter

    SpiderHunter Peon

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    #9
    Its not gambling, there is a huge risk in forex but its not like you are walking into a casino.

    Knowledge is key here about markets and economics.
     
    SpiderHunter, Aug 12, 2011 IP
  10. alodia

    alodia Peon

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    #10
    The primary purpose of the foreign exchange is to assist international trade and investment, by allowing businesses to convert one currency to another currency. For example, it permits a US business to import British goods and pay Pound Sterling, even though the business' income is in US dollars. It also supports direct speculation in the value of currencies, and the carry trade, speculation on the change in interest rates in two currencies.

    http://en.wikipedia.org/wiki/Foreign_exchange_market
     
    alodia, Aug 12, 2011 IP
  11. Mian Bao

    Mian Bao Peon

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    #11
    If you're asking this, you're really new to forex..

    I know this old chap who rakes in at least $50,000 USD a month and he rarely loses a trade. Once he got a $40,000 within 2 hours just because I emailed him about my situation. (I was losing $2,000).
    Forex isn't gambling. Lottery is.
     
    Mian Bao, Aug 14, 2011 IP
  12. iBank ™

    iBank ™ Peon

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    #12
    Who are they ?
     
    iBank ™, Aug 14, 2011 IP
  13. 5starpix

    5starpix Notable Member

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    #13
    It is honestly much better than gambling, as you have a lot more information and statistics to base your decisions on.
     
    5starpix, Aug 14, 2011 IP
  14. IM SEO Services

    IM SEO Services Greenhorn

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    #14
    IMO, gambling is more of a negative term. if you dont know how forex works or you dont have a strategy than yes, forex is like gambling. otherwise, real forex traders do not gamble, at least not the ones making money.
     
    IM SEO Services, Aug 15, 2011 IP
  15. leandar

    leandar Well-Known Member

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    #15
    leandar, Aug 15, 2011 IP
  16. daily_earning

    daily_earning Greenhorn

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    #16
    Its not a gamble, its risky, you can earn huge amount from Forex trading.
     
    daily_earning, Aug 16, 2011 IP
  17. cheaplink

    cheaplink Member

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    #17
    Nobody will ask any question after reading that article about Forex trading and Gambling. My recommendations.
     
    cheaplink, Oct 31, 2011 IP
  18. masato_sn

    masato_sn Peon

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    #18
    I agree with "iidesu", Gambling is when you don't understand Forex Trading
     
    masato_sn, Oct 31, 2011 IP
  19. gamingaffiliatesguide

    gamingaffiliatesguide Well-Known Member

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    #19
    forex and trading is like gambling and closer to poker.

    You can do it professionally and consistently make a profile while others do such a bad job of it that it is gambling to them.

    Professional poker players argue that poker is a game of skill. Trading can be as well.
     
    gamingaffiliatesguide, Nov 5, 2011 IP
  20. edyringo

    edyringo Peon

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    #20
    It's depend on you...you will get gambling if you use it as short way to get rich, but if you want to develop you mind and skill, FOREX will teach you how to manage the money and how to anticipate for all issue in the world into your policy for business strategy.
     
    edyringo, Dec 3, 2011 IP
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