Plenty of people think that a trading forex is a form of gambling because it is associated with trading. A forex trader can easily become a forex gambler when he lets his emotions dictate his actions to trade impatiently and illogically.
Is Forex Trading The Same As Gambling Quora
Forex trading is considered by many to be nothing more than gambling.
Is forex trading just gambling. Everyone knows that financial trading comes with ! a high degree of risk but often forex trading is picked out as being more risky than other types of financial trading. This video is unavailable. This video gives a reinforced demonstration on the trading business and why it isnt just gambling.
As a beginner in forex trading there are times when you feel hopeless and ready to quit you are giving all of the efforts and time but the losses are still greater then profits. After all whenever you take a position in a particular currency pair you are essentially betting on the price to either go up or down by taking a long or short position. To answer the question is forex trading gambling we have to break it down by the very definition of what it is to gamble.
In truth trading the forex market is a skilled profession and the effort you put in to accumulating and back testing your knowledge is ultimately going to reflect on your results in the long term. We feature interviews with many ! of the worlds finest traders a presentation on what makes up a! . But before we do that i want to share a brief outline of the way i used to think about trading and gambling.
To answer the question is forex trading gambling we have to break it down by the very definition of what it is to gamble. A good trader has and adheres to a trading plan that gives him the statistical edge of w inning. Trading forex is looked at as a form of gambling but this is not always the case.
In this article we evaluate why some people think forex is no more than a form of gambling and what are the reasons behind this. Unlike gambling trading is much more than just betting on an outcome. Out of all the markets forex sits at the top in size.
In fact if you take a browse around the internet you will find a number of people claiming that forex trading is nothing more than gambling. But before we do that i want to share a brief outline of the way i used to think about trading and gambling. However! forex is a relatively stable market and if used correctly you can develop a winning strategy.
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