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Is forex-trading another form of gambling in disguise? by ayabakemi

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· @ayabakemi ·
Is forex-trading another form of gambling in disguise?
The word “forex” itself mean foreign exchange,so forex trading is foreign exchange trading and it is a business that involves with trading of foreign exchange,the business is profitable but also it can be very risky because the forex market is very volatile..

The forex market is a market that you need to monitor day in day out to make sure you get the accurate analysis of the market which will aid good predictions of the market behaviours in the future,some people loose their investments on the forex market because they do not do their analysis correctly and they just enter the market blindly

Forex trading is not gambling though in forex trading you also need a bit of luck too but what you need most to make money in forex trading is the ability to analyse the market well and know where the forex market price will go to whether it will go bearish or bullish and also a good money management skills will enable someone to earn money on the forex market

Gambling is something that is totally based on luck but we cannot say the same thing for forex trading,so yes forex trading is not gambling
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