30% trading is gambling.

[FxMaster]

Most of newbies coming in Forex field and starting trading without proper knowledge of trading then its becomes GAMBLING.

 

[iMusingKiMi]

I don't know how you consider 30% gambling ? It is the mentality of the trader which define him as a gambler or not ?

I think it is mentality of the trader to define him as gambler. If someone not a gambler, they will treat Forex as a business. No difference Forex and Business, you need research, business plan, when you gonna buy an item with low price and sell it with higher price. But a gambler would just treat it as playing craps in a casino. Either UP or DOWN.

 

[FxMaster]

I think it is mentality of the trader to define him as gambler. If someone not a gambler, they will treat Forex as a business. No difference Forex and Business, you need research, business plan, when you gonna buy an item with low price and sell it with higher price. But a gambler would just treat it as playing craps in a casino. Either UP or DOWN.

But Smart Gambler can play Forex as a pro Gambler too

 

[iMusingKiMi]

I think everyone in the world actually was a gambler. Even business was gambling, putting capital, business going good means you won, business going bad closed down. The different I think is only about risk management.

 

[jotekfinance]

I think everyone in the world actually was a gambler. Even business was gambling, putting capital, business going good means you won, business going bad closed down. The different I think is only about risk management.

Thats actually kind of a good point.

 

[iMusingKiMi]

Thats actually kind of a good point.

Thanks and that's the truth about life. I don't tell anyone I am not a gambler because everyone in the world was a gambler. In forex, everyone is gambling. The difference are between smart gambling or act as terrorist type gambling, doesn't care about the risk.

 

[Horsetail]

Treating Forex as a business do not change its gambling fact.

 

[iMusingKiMi]

Treating Forex as a business do not change its gambling fact.

Yeah, but gamble with and without risk management make a big difference.

 

[jotekfinance]

Well, I guess we can chalk it all up to a matter of perspective then. If you are of iMusingKimi's view, then we all gamble all the time. Otherwise, its all about your thoughts on it

 

[FxMaster]

Well, I guess we can chalk it all up to a matter of perspective then. If you are of iMusingKimi's view, then we all gamble all the time. Otherwise, its all about your thoughts on it

I do agree with iMusingKimi's views, Everyone does/doing Gambling (RISK) everyday. Its part of life.