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Thread: Is forex trading is a gambling

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    Default Is forex trading is a gambling

    Just wondering if online forex trading is the same as online gambling.
    Any input?


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    Forex trading is the legitimate trade in commodities. In this case you are buying and selling a product which is one or more currencies. Gambling is staking your money on a game of chance where the outcome is dependant on the roll of a dice or a horse winning a race.

    If you are trading blindly without any technical or fundamental analysis in the "hope" that the trade will go your way, you are gambling in a way. To avoid that you should learn how to trade and trade on the basis of a clear analysis of the market movements.

    Islamic Sharia law is most strict on this subject and trading in stocks has been deemed halal(allowed). Forex comes under the same category.
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    Intraday Master etrader's Avatar
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    No forex is not a kind of gambling

    It may be similar, but it's not that

    forex is a kind of real business.

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    if u are gambling, u just know that one team is stronger than the other team...
    and everyone said that the ball is round...
    if u have a team who won 9 times streak... u can't predict if it will win the match ahead right...?
    but in forex, there's fundamental and technical analysis... so we have to master it all, then we won't be gambling at all...

    but, since we're newbie in forex, we're still gambling with our decision...

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    throw a coin is a gamble, hope we open a trade not depend on a coin.

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    Quote Originally Posted by wcforex View Post
    Just wondering if online forex trading is the same as online gambling.
    Any input?


    I dont think so ...

    If you think forex is trading is online gambling just take a coin and your

    decisson based on the coin if head you buy if tail you sell.

    forex trading decission based on the indicator that your trust most and

    experience make you know what forex trading is

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    No Forex Is Not Gambling

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    Default forex trading is not gambling

    Quote Originally Posted by wcforex View Post
    Just wondering if online forex trading is the same as online gambling.
    Any input?

    Not at all , depend on your style of trading ...if depend on a coin to sell or buy then you're gambling ....you should depend on knowledge to learn this business

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    in gambling, professional gamblers have their own tricks.

    professional traders have their own weapons too.
    news, alerts, trading sentiment, volatility (chart analisys), resources on the internet, chats, forums, advisors, etc....

    so personally its still a gambling since market many times make unexpected moves, but a gambling of 21th generation .

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    Elder Analyst Nebula's Avatar
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    Quote Originally Posted by acidguy View Post
    in gambling, professional gamblers have their own tricks.

    professional traders have their own weapons too.
    news, alerts, trading sentiment, volatility (chart analisys), resources on the internet, chats, forums, advisors, etc....

    so personally its still a gambling since market many times make unexpected moves, but a gambling of 21th generation .
    Agree.with.this.comment.. toothy9
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    Forex is the buying and selling of a tangible product. In this case it is a certain amount of currency. If you gain money through a shrewd purchase at a low price and selling it off for a higher price, it's not gambling, it's business. Likewise if you make a loss, it's just a bad business decision, not a gamble since you made your purchase with a certain amount of surety that you would make a profit from the purchase.

    I strongly disagree that Forex trading is gambling. If you treat it as that, you will lose anyway.
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    Yes... Forex is Gambling...
    if you think it is....
    If you trade without Forex Knowledge...
    If you trade without a base why you trade...
    If you buy without knowing why you buy...
    If you sell without knowing why you sell...
    If you always trade like a Magician...
    If you Know Nothing about Forex But You Feel You Know everything about Forex cause you have read 1 or two negative Forex articles which has been written by Forex Commentators not Forex Traders...sm_upset

    Regards,

    IIN

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    No, Forex is investing

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    Quote Originally Posted by wcforex View Post
    Just wondering if online forex trading is the same as online gambling.
    Any input?

    no no no there is abig different the

    forex is like what garfield say Forex is investing

    and the gambling I didnt try it

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    Do gamblers know how to create a profitable gambling system? Or they just creating strategy on how to cheat their gamers? Forex is forex, forex has good and bad systems... Just a thought...

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