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Is Forex Trading Gambling?

This is a question that is asked a lot and there are many different answers to it. There are also quite a few different ways to look at the question. One way is extremely simple, it is just to ask "Are you a gambler?" If the answer is "Yes", for you Forex trading is gambling. If it is "Maybe", most likely also gambling.

What about those who are more risk conscience, though? Is it still gambling even if you are prudent and use good risk control? After all, it is betting on the direction of the market and that is fundamentally betting on an unknown outcome. This can be defined as gambling.

The way I always like to frame this question is; Does a casino gamble?

They do! On every spin of the wheel, every turn of a card and every yank of a one armed bandit, the casino gambles. It is completely random chance whether or not they will win or lose (even lose BIG) on any one bet they take. Casinos know the law of large numbers. This is what their entire model is based on. They know what the statistical chance of them winning and losing is, they make absolutely no attempt to win all the time. They know they can not. Instead, they ensure they have maximum bet sizes and jackpot payouts so they cap the amount they can lose.

The casino can lose any spin of the wheel, but they are astonishingly unlikely to lose over 100,000 spins of the wheel.

Understanding a casinos success requires understanding of the concept that the casino is not playing to win on any given day, only to be sure to survive each and every day so as to be able to play again the next. They know if they do this, they eventually win. If you walked into a casino with $1 million and wanted to place it all on black, the casino would turn you away. If you walked in with a $1 million wanting to place $1 on black a million times, the casino would set up a suite for you and hand you a lunch menu.

Through this, casinos have taken what is on each individual event gambling and turned it into a business model. Such is the challenge of a trader if they are to be long term successful. You do this through good strategy development (L2A), flawless execution of strategy (L2A) and suitable risk control (L2A).

If you are doing all these things, and you have developed a strategy that has a statistical edge with which you are able to trade over and over until the law of large numbers can take effect, to me the discussion of whether or not trading is gambling becomes really a matter of semantics. You can say it is and say it isn't and both are basically playing with words. You are taking risks to get a return and these are speculative risks. Are speculative risks was a quantifiable edge still gambling? I'll leave it to the word-smiths to figure that out.

My response to this question would be that when you enter into trading, you have two choices. You can be the house, or you can be the punter. You can look to be taking advantage of a known edge, or you can be hoping to be lucky. It takes both of these groups to make a casino, as it does a market. Choose your side.

submitted by inweedwetrust to Forexnoobs [link] [comments]

Forex traders, can you call this trading as gambling and why?

My mom says that "Forex trading is gambling". I try to explain her that it isn't, but she doesmn't believe.
submitted by T-Shorter to NoStupidQuestions [link] [comments]

Forex trading is glorified gambling.

Forex traders are basically the same as a gambling addict down at the bookies, they sit and watch a screen all day to guess if the movement is up or down with a little bit of 'analysis' here and there, similar to picking out the best horse in a race.
I've had a go myself and I get it, who doesn't want to see big numbers in green writing?
submitted by tbarx to unpopularopinion [link] [comments]

Is trading the forex considered gambling?

Is trading Income(Forex) in New Zealand considered as gambling Income?
submitted by JudeF27 to Forex [link] [comments]

Mistakes are costly in forex trading. Know how to avoid them. #forexrisk #technicaltools #forextrading #gambling #newbies #profits #mistakes #traderpulse

Mistakes are costly in forex trading. Know how to avoid them. #forexrisk #technicaltools #forextrading #gambling #newbies #profits #mistakes #traderpulse submitted by traderpulse to u/traderpulse [link] [comments]

If you believe the system is rigged, then you're not going to believe you can clinch success. And if you don't believe you're going to do it, you're not going it. #forex #gambling #forexeducation #loss #forexmoney #trading #tips #wetalktrade

If you believe the system is rigged, then you're not going to believe you can clinch success. And if you don't believe you're going to do it, you're not going it. #forex #gambling #forexeducation #loss #forexmoney #trading #tips #wetalktrade submitted by Wetalktrade to u/Wetalktrade [link] [comments]

If you believe the system is rigged, then you're not going to believe you can clinch success. And if you don't believe you're going to do it, you're not going it. #forex #gambling #forexeducation #loss #forexmoney #trading #tips #wetalktrade

If you believe the system is rigged, then you're not going to believe you can clinch success. And if you don't believe you're going to do it, you're not going it. #forex #gambling #forexeducation #loss #forexmoney #trading #tips #wetalktrade submitted by Wetalktrade to u/Wetalktrade [link] [comments]

Forex Trading Is Not Gambling

Forex Trading Is Not Gambling submitted by smoljanovic to Publish0x [link] [comments]

Forex Trading Is Not Gambling

Forex Trading Is Not Gambling submitted by smoljanovic to Publish0xSmo [link] [comments]

Forex Trading: Merely A Gamble Or A Serious Business Venture

The generation of the 21st century is smart and makes the best of every opportunity. To make money there are also various opportunities and one of these opportunities is Forex trading. Forex trading is a topic of discussion amongst various business analysts around the globe, and many of them consider it to be a serious full-time profession. One of the most successful people in the Forex trade market is Hafizzat Rusli. Rusli started Forex trading when he was at the age of 17 and when he turned 19 he was also amongst the teenage millionaires and he did this through Forex trade itself.
After reading this many of you must be curious by now to know more about Forex trading and how it can help you too to earn big. If you know very little about Forex trade but you think you have the nack to be a smart and successful Forex trader, then this post is for you. Go through it to know everything about the forex trade.
Basics Of Forex Trading
The process of forex trading is to buy a currency and sell it back in some time to make profits. There are always 2 currencies involved in the whole process. Suppose you bought the US Dollar (USD) against the Japanese Yen (JPY) and have predicted that the value of USD will increase in some time. If we look at it like this many of you will presume that it is more like a gamble, but the full-time forex traders apply their knowledge and experience before getting involved in a trade and thus end up making huge profits. If the prediction goes right you will sell back the USD (as the value has increased) and end up making profits and in case it is the opposite there will be a loss.
If the trade is done with the right knowledge, the predictions are likely to go in your favor and thus it can be said that forex trading is a smart way of making money and thus it is also a full-time profession for many people. You can try forex trading as a full-time profession as this field has a lot of scope for growth. Currently, the currency exchange market is the biggest with a flow of $5 trillion daily. It is not just the individual forex traders that are involved in it, but even the financial institutions (almost each of them) have to participate in the foreign currency exchange. To gain success in this trading, you have to understand how does the rate of currencies fluctuate. To get a hang of that, keep reading this post.
Factors Responsible For Currency Rate Fluctuation

A. Inflation Level In A Country

If a country has a stable economy which means the rate of inflation is low, its currency will have a high value. It will be wise investing against the currency of this country. Before investing in a particular currency you should gather information about the current economic stability of its country. You should also be aware of how it is likely to be short.

B. Interest Rates In A Country

The interest rates are often manipulated by the Central banks with a target of getting more foreign investors to their country. If a country has a high rate of interest there will likely be more investors willing to invest and thus it will also lead to the higher exchange rate of the currency. As a forex trader, investing in such currency will be profitable.

C. Political Stability Of A Country

Just like the rates of interests in a country attract foreign investors, the country's political stability is also responsible for the same. Better is the political stability, greater will be the demand for the currency. Investing in the currency of this country will be more suitable for forex traders.
Apart from these factors, there are so many more factors that a successful forex trader should know. To get into the next level league of forex trading, you can even opt for a good forex trading course online. Hafizzat Rusli who is one of the champion forex traders is there to help you. He is sharing his secrets of forex trading and his purpose to do so is to let even other people earn huge profits. Click here to know more about the different course Hafizzat Rusli is offering and open your horizons towards forex trading.
submitted by HafizzatRusli14 to u/HafizzatRusli14 [link] [comments]

Forex, stocks and commodity trading is gambling or can u trade for living?

I thought that trading means quick money but three years of trading has changed my thoughts. I know everything I need to trade but still I wanna ask depending solely on trading forex us good or not
submitted by Noway199 to u/Noway199 [link] [comments]

[Tax][gambling/investments] Forex trading and CGT

Friend currently works pulling in ~£30k. Looking to do forex trading as a 2nd income. He claims it's tax free.
How true is that? Is each sale/purchase tax free but any amount gained over £11000 subject too capital gains tax? or is it truly all tax free?
we have googled and looked around but been unable to find out how tax works around forex trading, would anyone know and be able to provide useful links or break it down a bit for us?
submitted by elemmcee to UKPersonalFinance [link] [comments]

Whether Forex Trading Is Legitimate Investing or Over-Hyped Gambling

Whether Forex Trading Is Legitimate Investing or Over-Hyped Gambling submitted by HowForexTradingWorks to Forex [link] [comments]

[Business] - Mary Holm: Don't take a gamble on the forex trade

[Business] - Mary Holm: Don't take a gamble on the forex trade submitted by AutoNewsAdmin to NZHauto [link] [comments]

[Op-Ed] - Mary Holm: Don't take a gamble on the forex trade

[Op-Ed] - Mary Holm: Don't take a gamble on the forex trade submitted by AutoNewsAdmin to NZHauto [link] [comments]

An interesting title.

An interesting title. submitted by TheDeliciousCoke to Forex [link] [comments]

Which is better, Forex trading or Stock trading?

I’ve tried Robinhood Instant and I’ve made about $40 of 500-600 within a 1-2 days, but then lost it because of that pesky PDT rule where I am not allowed to sell more than 3 times in a week.
Then I considered turning it into a cash acct to get around it, but then there’s that pesky 2 day wait after selling a stock.
So now I want to get into day trading Forex. Does Forex have pesky rules like this too?
submitted by kevn3000 to NoStupidQuestions [link] [comments]

Do you think trading is gambling?

Just thought I'd get some opinions on whether or not you think trading is gambling because you "speculate" whether the price is going to rise or fall, but then what becomes the difference between speculation and gambling?
submitted by JJosuke434 to Forex [link] [comments]

FOREX Tips: A Trade or A Gamble?

submitted by KevinLee2009 to [link] [comments]

Forex Trading a pyramid scheme?

Had a girl from college reach out to me about it MULTIPLE times and it’s really sus. I don’t know much about it, not gonna do it but what is forex trading?
submitted by SmallBlueAlien to antiMLM [link] [comments]

Undefeated roulette tricks vs forex?

i'm new in this forex stuff (not even starting yet) & first time visiting Forex. But i've read that forex basically gambling (guessing either it goes up or down, and you got previous data as reference). I'm also read about foolproof gambling tricks that works in real life roulette. Basically it goes like this :
  1. bet $1 on red - if you win, repeat step 1.
  2. if you lose, bet $3. if you win, repeat step 1.
  3. if you lose again, bet $6. if you win, repeat step 1.
  4. if you lose again, bet $14. if you win repeat step 1.
  5. if you lose again, bet $31. if you win, repeat step 1
so, can this be apply on forex trading? (there's lot ads about forex trading apps, thinking to try it) can't profit big, but seem cant lose either. might be a good strategy. any thought?
edit 1 : what i mean in this forex is binary options, which some forex trading apps operates.
edit 2 : it takes 5 unlucky trading before $55 account blown off. is that really common to get 5 unlucky trading in a row?
edit 3 : here's the math (cnp from reply)
some forex apps (like expert option or olymp trade) operate on binary option (this is unregulated securities?) where usually they give 80% return on trade. the math goes like this :
  1. $1 trade and win = $0.80 profit
  2. lose then $3 trade and win = $2.4 - $1 (lose) = $1.4 profit
  3. lose then $6 trade and win = $4.8 - $4 (lose) = $0.8 profit
  4. lose then $14 trade and win = $11.2 - $10 (lose) = $1.2 profit
  5. lose then $31 trade and win = $24.8 - $24 (lose) = $0.8 profit
edit 4 : some reply said **binary options type forex trading apps** are scam & fraud. bummer. maybe trading via smartphone isnt easy as i thought.
edit 5 : still, add some ability to reading indicator & chart could help avoiding 5 unlucky trading in a row. damn, if i'm a programmer, i'll make a trading bots based on this idea xD

submitted by Nam3AlreadyTaken to Forex [link] [comments]

Best feeling ever

Best feeling ever submitted by muchi21muchi21 to Forex [link] [comments]

IS FOREX TRADING RISKY GAMBLING AND HOW TO BACK TEST - YouTube How NOT to trade Forex Market. *BONUS: GIVEAWAY* - YouTube Forex Trading VS Gambling (How to Win) Is Forex Trading Gambling or Not? Forex Haram or Halal I LOST $128,000 in FOREX Market - YouTube Forex Trading is kinda Gambling Is Forex trading gambling? - YouTube Is Forex trading different from gambling? - YouTube IS FOREX TRADING GAMBLING ? HOW NOT TO TRADE FOREX MARKET (3 TIPS) Forex Trading versus Gambling at the Casino

Most Forex traders do not see themselves as gambling when they are trading. Many of these people are business people or industry professionals outside of trading and have high power job roles. When it comes to trading however, the actions that most traders take are far away from being professional and lean more on the side of a gambling. In forex trading, you stand a chance of winning. You just need to act logically and with restraint. We implore you, don’t be a forex gambler, be a forex trader. The easiest way to avoid forex gambling is with our forex trading education. Find out more here or read to the end of this article. At what point does forex trading become gambling? Is Forex trading like gambling? No, in the sense that in gambling the odds are slightly against you or even, while good Forex traders know how to trade when the odds are on their side. Yes, in the sense that any single trade might end in a loss. Is Forex trading a sin? Most religions or ethical belief systems would only see Forex trading as a sin if executed as gambling. Therefore if you have ... Just as beauty is in the eye of the beholder, the answer to the question “is Forex trading gambling” is in the eye of the trader. Let us consider. Forex Traders VS Forex Gamblers Depend on Luck: Gamblers. Gamblers depend on chance or luck, and some Forex gamblers do too if they blindly take trades based on hunches, gut-feelings or just to try make money without having any foundation to ... Gambling is a game of luck, Forex trading involves a thorough analysis. The currency of any country depends on many factors: macroeconomic indicators, the political situation etc. Traders use the economic calendar to keep abreast of all the significant upcoming events. The economic calendar can be found on analytical resources and websites of forex brokers, for example at 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. I remember when I first started trading Forex back in late 2007, a little more than 6 years ago. Although Forex trading is gambling for the newcomer or the untrained investor, it is pure economic science for the expert’s trader. Consequently, the answer to this question depends on the person who answers it and the person who is trading Forex. On one hand, the untrained eye can miss the virtually unlimited potential for Forex trading revenue generation. He may not see a connection ... Forex trading is the worse gambling addiction there is, the fact is, no one believes this is gambling, even the professionals who are supposed to help you do not believe it is gambling either. So you are left on your own, to figure things out, until you become homeless, after years of gifting the market your hard-earned money. By Jay Meisler. Is there a difference between forex trading and gambling? I have been asked this question on more than one occasion and it is a good one as it can make the difference between ... Trading in the Forex is popularly believed to be like gambling without leaving the home. It’s clear that Forex trading and casino are common few things. First of all, both industries have money to do. Secondly, if you trade without stopping losses or a reliable strategy, you can take a higher risk as gambling. Finally, in

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