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

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· @mumunicraig ·
$0.04
Is forex-trading another form of gambling in disguise?
<a href="https://musing.io/q/mumunicraig/pkdtvl95x"><b>Is forex-trading another form of gambling in disguise?</b></a><p></p>
๐Ÿ‘  
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vote details (1)
@awesomianist · (edited)
$0.82
Is forex-trading another form of gambling in disguise?
HAhahahahahah!!!

tell that to a forex trader and you'll either get a death stare or get "Of course it fucking is".

down to its basics, "forex" stands of Foreign Exchange. Meaning say I have 100 dollars and i want to have Indian rupee because im going there next week, all i have to do is go to a forex platform, look for Rajit who has 6000 Rupees willing to trade it for dollars at a set rate.. If i  agree to that rate then we shake hands, exchange cash and be on our way. If not i'll just look for someone else or set a new rate..

Now Rajit is smart, He dont actually want the dollar but more Rupess, what he does now is use the dollar he got from me, set it at a higher price and wait for an offer that he thinks will come soon enough.

Incidentally Sanjeet comes and wants some dollar for his New York trip, Rajit is the only one in the platform with the Dollar and the best price. So Sanjeet paid  Rajit 6875 Rupees for 100 Dollars. 

Rajit just made 875 Rupees.

That, is Forex Exchange.

Edit: the forex that is mentioned here is one that is called "OTC" exchange. Over-the-counter.. now what mean may be CFD exchanges.. which may be slightly more complicated but it's how most consumer forex platforms works. for CFD, imagine you're Rajit but you never really held the Dollars.. all the money you dealt is in Rupee.. that is CFD... in a way.
๐Ÿ‘  ,
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vote details (2)
@ayabakemi ·
Is forex-trading another form of gambling in disguise?
The word โ€œforexโ€ 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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@ebeneseri ·
$0.03
Is forex-trading another form of gambling in disguise?
Forex trading has its own way of doing it
The business is not for the faint hearted simply
Because of the risk attached to the business,
The business can be very profitable but that
Is not certain if the forex trader do not have
The right knowledge which they ought to have
In other to make money from the forex market

Forex trading is a very good business and
It can be started with as little as one hundred
Dollars and can be done from home or anywhere you are,it can be done even in your car or shopping malls or whatever place

Forex trading is not gambling but Some of the
Traders do not even have the required knowledge
Which they ought to have concerning the business so that is why they choose gambling as the option which they can take to make money from forex trading and most of them will end up loosing their capital because gambling is not the right approach to gambling
๐Ÿ‘  ,
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vote details (2)
@mosinusita ·
Is forex-trading another form of gambling in disguise?

Gambling is a very strong word that should not be 
used for forex trading because just like every 

business,forex trading has some risks attached to 
the business and the ability of the forex trader to 

manage the risk in the business is what will be 
used to know if he or she will succeed in the 

business or fail in the business,gambling is solely a 
game of luck and the major thing to be a 

successful gambler is just one word โ€œluckโ€...but in 
forex trading you need serious knowledge about 
the business itself,if you rely on luck in forex 

trading then the forex trader cannot be successful when doing the business
๐Ÿ‘  , , , , , ,
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vote details (7)
@walecooker ·
Is forex-trading another form of gambling in disguise?
It can be in the event that you have no train!! Forex exchanging ought to and can be tied in with making a shrewd speculation, setting aside the opportunity to take in a framework or system, practice and test it. 

You can bring home the bacon out of exchanging on the off chance that you treat it like a business. There are thousand systems out there that have been tried for a considerable length of time and can create a great deal of cash after some time on the off chance that you take after the principles and never let your feelings get in transit. An astounding and demonstrated procedure would be Symphonious examples, which are geometric examples that rehash again and again on any value outline. Look google for it and you will be flabbergasted by the measure of free assets to take in this methodology. 

You could likewise treat exchanging like betting, yet for this situation I would like to take a stab at betting frameworks in gambling clubs, playing roulette or blackjack for instance. 

I trust it encourages you comprehend the distinction. Keep in mind that betting depends on irregular results in which you just can consider a wager and your chances. In exchanging, you can test a framework and become more acquainted with the likelihood, hazard and result after some time, which takes out the irregularity about it. 

With both you can profit, it just relies upon how you need to influence it and which one you to feel more confortable with.
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