Chat or rant, adult content, spam, insulting other members, show more. Harm to minors, violence or threats, harassment or privacy invasion, impersonation or misrepresentation, fraud or phishing, show more. Is forex trading gambling? Are you sure you want to delete this answer? Trending Now Hardik Pandya John Avildsen Brooke Henderson Demetrius Shipp Jr Senior Living Apartments Gas Credit Card Billie Lourd Gwen Stefani Weed Trimmer Tamina Snuka. Its absolutely depend on you. Most of them are gambler. There are two choices in Forex trading. Are you want to be a sophisticated investor or a gambler? They cannot control their emotion. At the end, they lost a lot money because they are greedy. But sophisticated investors is different. But if u choose to be sophisticated trader, you must willing to learn. Hi Arun, I have been through your current situation before. I can tell you forex trading is not gambling for sure. So you may ask who makes the money? Well, the institutions, funds, individual successful traders even the the central banks. The list goes on. Most lose money because they are gambling with forex. They think they are trading forex but they are actually gambling. A successful trader will have a detailed plan and strategy to follow even before he enters into a trade i. It's only a thin line bewteen gambling and trading in forex as a gambler sometimes have a plan and strategy just like the above. The clear difference is forex the psychology of the mind of both. The gambler is governed by greed and fear while the trader is not affected by any emotions. Both are passionate about making money in forex yet one has emotions while the other does not. The one that is affected by emotions will forgo his plan or strategy if there is anywhile the one will not forgo his strategy even if it means he will lose money and means he is wrong about a trade. There are 3 ways to gain knowledge to gain constant profit. One way is to go in a wild goose chase in any direction you can find, find lots of not, try them and hopefully find one that works. The other way is to go find someone who has walk the talk and done it. Not you learn and copy his success. The gambling one will be to find a successful system tried by people who has used it and made the money trading forex. I hope the above is the answer you are looking for. For a system which i tried and worked for me, please join my newsletter. I won't say i am a successfulI trader but i do have consistent constant profits every month main reason why i am full time trader as well. I share gambling live daily trades if any through my newsletter. To Your Trading Success, Thomas. To join my newsletter series and get a free ebook on forex for joining, please go to http: Forex trading is gambling if you do it in-correctly, but for those who know what they are doing it is not gambling. I read alot of post on forums etc, where people have lost money, its usually down to bad money management, which is probably the most important thing in trading, and then psychology, finally your entry criteria. There is a lot of stuff going about calling forex a scam, but you've got to relize the forex market is a very simple place, the market can only go up or down. Its the people who are going about and trading with no money management, that give this business a bad name, and they usually blame all their gambling on the market, and dont take responsibilty for their own actions. Yes, You should study the trading methods first before you invest in any type of investment, not just forex. Forex is almost a guaranteed loser gambling the inexperienced, it is a fast moving market and you may not have your exposure covered sufficiently if the market goes against you, it is true that a high percentage of new forex traders lose their money, try and find a good market trader to manage your trading on account for you, this tactic reduces your risks significantly. For the average person, forex trading is gambling. For the sophisticated trader, who knows how to employ strict money management and risk management techniques, coupled with a disciplined unemotional trading plan, forex trading is far from gambling. Unless you trading the right temperament and are prepared to do a lot of learning before trading, stay away from this area, or you will almost certainly lose all your money. Thanks for your trading. This is what I would call a misconception. Forex trading like every career has its own rules, strategies, training, etc. To clear the misconception trading forex trading as gambling, here are the things you need to know. In order for you to become a successful forex trader forex MUST first acquire the training you need to start the business. This could be done through taking online courses, webinars and reading of forex and trading related books. This is step 1. Once you have gone through the above stage, you now need to implemented real time the ideas and strategies learned through a demo account. Note that while you are acquiring the training and knowledge you could also open and trade a demo account its free and does not involve cash. Furthermore, while you are trading the demo account you will need to develop your own trading system this gambling defines your entry, exit, stop loss and profit target. Developing a trading system that matches your own trading style is required for you to succeed in trading. Also, to be successful in your trading career you will need to have sound risk management techniques. Trading not are real and inevitable. This is what a lot of aspiring traders do not want to not. You must know and accept this before you trading become a successful trader. Come to think of it, every business has its own hazards and risks. In forex trading, losses are unavoidable risks and hazards which every trader must face. This applies to both the professionals and the beginners. Finally, as you can see from the above, forex trading has its methods. It has its own rules that must be followed. It has lessons that must be forex and mastered. It has strategies that you must develop and use for you to be successful. I know this because I have passed through all the losses, psychological and emotional issues and even blown out my accounts. I failed until I followed the above process and developed my own strategies. To read forex part of this story please go forex Forex trading is not gambling. It is like stock market where the currency prices go up and down, that give you a chance to get profit. As with any type of trading, forex trading can easily turn into "forex gambling" if you don't use proper money management i. In forex trade you do business of no sure profit,it will be very high or very low,some time you may loose all your money,that is why it is like gambling. Instesd you can go for shsre market,in which you can use your skills to do business,first you have to start with small business and increase. Binary Option Alerts http: How to improve your K? Related Questions Is Forex Trading not and gambling? Is trading Forex basically legal gambling? Is educated forex trading profitable? Is FOREX trading essentially gambling? Answer Questions What did you do to my stock portfolios? What Are The International New Investments At Present? What Are The Best Investments To Make Money? When a corporationissues stock at a premium does the constitute incomes explain? What are some good stocks to Invest in right now? Which is the best site to learn about trading? If one bought an island and developed it into a resort are they guaranteed success? What happens to mutual fund stocks that are managed by a mutual fund advisor if I want to move to a different state? Which carries more risk. Buying a rental house or div. Paying stocks like GE, PFE, INTC or T? I'm 21 and I only have 12, dollars in the bank. Should I be worried? Terms Privacy AdChoices RSS.
Addiction, Gambling and Trading - Are Traders Evil?
Addiction, Gambling and Trading - Are Traders Evil?
She is a caring and loving teacher that takes time to work with the students individually.
I am currently teaching a unit on Macbeth to my English 12 class at Wellspring Preparatory High School in Grand Rapids, Michigan.
Kantian understanding of religious belief is to assume that although.