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Trading is not gambling.

Discussion in 'Beginners Bootcamp' started by Jeff Martinez, Oct 18, 2017.

  1. Jeff Martinez

    Jeff Martinez Recruit

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    Trading isn't a gambling by thinking about where the price will move, in spite of the fact that there are numerous traders (for the most part amateurs) that are precisely betting. Trading currencies on the Forex market require consistent and investigative computations construct either with respect to the central or specialized examination of price moves. Regard forex trading as your own particular business which does not require gigantic speculation. Likewise, you can do this trading business from anyplace you need.
     
  2. dianajs

    dianajs Private, 1st Class

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    To trade one needs knowledge, experience and understanding of the market. Analysis - be it technical or fundamental - and therefore trading, relies on logic, rather than on luck. I would never call trading "gambling".
     
  3. EURUSD

    EURUSD Sergeant Major

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    Yes trading forex is not gambling, but sometime many trader treat forex trading like as gambling, trade blindly and recklessly because desired to making huge profit at short time, as trader need to knowledge and experience, skill to analyze the trend market with technical anlaysis and fundamental analysis, but also required system trading and strategy
     
  4. nahiyar

    nahiyar Private, 1st Class

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    In gambling you had no other choice in forex you can decide about risk taking. To analyze forex market is quite difficult , if you are able to do this task you can do trading at right side at right time. Ever take risk according to your capital. And follow your successful strategy it will keep you away from gambling.
     
  5. dianajs

    dianajs Private, 1st Class

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    I agree. The more organized one is, the more they follow their trading plan, the better they will be. Don't leave anything to chance when that can be avouded,
     
  6. scott11

    scott11 Recruit

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    Maybe at first forex may seem like a game but it's only until you lose you first money...Then you start thinking, analyzing and using tactics. And only after that can you get your first profit.
     
  7. dianajs

    dianajs Private, 1st Class

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    I have never viewed trading as a game, I've always taken taken it completely seriously, as one should, I think. Trading on Forex has a lot of benefits, but in order to get them a person should, in my opinion, approach this activity analytically and without much emotion.
     
  8. William Barnes

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    Forex trading requires a good deal of knowledge, skills and expertise. So if you are prepared to handle the volatility, riskiness and huge competition of your trading you will lose money here. Yes sometimes fortune may smile on your fate but it resembles to gambling. Forex trading without a proper guidance and without a trading strategy and action plan is similar to gambling where you don’t know what will actually happen to you.

    So it is imperative that if you are properly equipped with the technical terms of forex markets as well as with the practical aspects of forex trading you may start your learning process with pro traders via PAMM accounts or you may trade demo accounts to gain proper knowledge and skills.
     
  9. EURUSD

    EURUSD Sergeant Major

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    Trading forex indeed included high risk high gain business, but this is not gambling, because how to success on forex business also need knowledge and also experience, not only relying with lucky in trading, different with gambling on casino, that only relying with lucky, but in trading forex we can`t treat forex like as gambling.
     
  10. Melvin Leon

    Melvin Leon Recruit

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    Trading isn't gambling. It's the traders make it gambling. When you begin trading without having appropriate ranges of abilities. You wind up doing gambling. Trading is an art. You need specific knowledge and skills. Without skills trading will become gambling. So concentrate on learning.
     

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