Forex and gambling

Apr 10, - 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 failing and having a chance to succeed. Compare a professional gambler who plays the odds with a casual gambler who hopes.

Nov 6, - This forex trading article discusses the differences between trading and gambling when speculating on exchange rate movements. If you are still reading, you know that while there is great risk in Forex, the possible reward is something you cannot ignore. The potential for making money in Forex trading is as close to endless as any market on the globe. While the Forex gambling/Forex trading comparison is not totally baseless, it is also not accurate and. Trading "blindly" in the Forex market with no plan or strategy will cause the Forex gambler to lose money just like any game of chance. The consequence is worsen when the Forex gambler does not apply stop losses in his trading. No, it is NOT gambling when one treats the Forex market like any other business or profession.

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Jul 26, - There is a fine line between traders and gamblers. Here are some tips on how you can tilt the odds in your favor and be consistently profitable. 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 , a little more than 6 years ago. Sep 25, - As we can see from the traits of a gambling Forex trader listed above, we are mainly dealing with psychological 'traps' and pitfalls that we create for ourselves as we interact with the market. I would say that if two or more of the traits of gambling Forex traders we listed above apply to you, then you need to.
Forex and gambling

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Forex and gambling

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They have unwavering discipline to their risk tolerance through table limits You: Stop your losses and take your profits based on trading strategies and not weak human emotions. Of course, there is a gray area in between these two extremes where many retail traders reside Whatever path you choose to take, you will see a difference if you treat trading as a business and not gambling. People step into casinos with nothing but their desire to make money. Once your money is all gone, at least it was entertaining. Before you trade a penny, you need to make some serious decisions about your trading goals and limits.