30% trading is gambling.

[trojan fx]

Trader or Gambler? I wonder what will I be?

 

[dkami]

How did you come up with 30%?

Shouldn't it be 50%, flip of a coin?

 

[Pharaoh]

Trader or Gambler? I wonder what will I be?

We could start a betting pool on the outcome.

 

[lbianchi86]

Do you agree that trading is contain 30% of gamble..
There are so many trader that losing their fund in forex trade. They lack of knowledge,and management.
I wonder that forex is part of gamble. Eventhough, i never lost in trade in lite forex broker and i just able to gain small profit because i've used little fund and save trade.

I agree that part of the whole Forex Trading experience is gambling... but then again, everything in life that involves a potential risk could be referred to as "gambling", right?!
I think that the percentage of "casino" in Forex varies from an individual to individual and is more related to the individual's trading skills than to the true nature of Forex...

 

[trojan fx]

We could start a betting pool on the outcome.

Yap, right, just need to set limits- min/max bets....And...the house always win...I will be the "house", cause the bets will be for me

 

[Kristjan]

It's only gambling if you don't know what you are doing. However, you can never be 100% sure that you'll make profit. There's always some risks involved, but it's far from gambling.

 

[Pharaoh]

Yap, right, just need to set limits- min/max bets....And...the house always win...I will be the "house", cause the bets will be for me

Sounds like binary options.

 

[peeterwoolf]

Yes, trading would be like gambling for some people, but for most of the traders, it takes hard work, lots of study, and the testing of your theories, manage your own particular time and stress levels, I don't think that's gambling. Wait a min, I heard some people who know how to count cards they also do all the above, now I am confused.

 

[csc2009]

Why 30%, shouldn't be higher? Not gambling, gambling mostly just pure luck.

 

[RahmanSL]

It's only gambling if you don't know what you are doing. However, you can never be 100% sure that you'll make profit. There's always some risks involved, but it's far from gambling.

Yup, 1000% agreed...we prefer to be called "Forex Trader" cause that sounds much more professional and elegant.
Lost money in bad trades??...ahhhhh, that's simply "miscalculations and misreading the market", but most definitely 10000% not speculation and, hence, "GAMBLING"


....hmmmm...think I will make place a bet on "Suretowin" cause according to her stats, she has past winners bloodline, her weight is perfect with no handicap, 100% record on 6 outings, and a very experienced Jockey riding her....hmmmm....a sure winner!