The mechanics are analogous in that both activities are exposed to a financial risk and reward tradeoff. The question is forex trading gambling doesnt represent a real disjunctive since both answers can be true.
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To answer the question is forex trading gambling we have to break it down by the very definition of what it is to gamble.
Forex trading or gambling. I get this question quite often socially. Comparing trading to gambling holds an argument that is on its own merits practically sensible. But! before we do that i want to share a brief outline of the way i used to think about trading and gambling.
In this sense buying the swiss. In both cases participants put money into the marketplace and then hope theyll make money instead of losing. Lets look at some of the similarities between forex trading and gambling.
Numerous attempts have been made to simplify trading in the forex market and while a degree of success has been achieved in this area trading forex is more than installing a trading platform funding an account and clicking a buy or sell button on your computer. Most obviously there is no guaranteed outcome as to whats going to happen. Without a forex trading strategy you are gambling.
To answer the question is forex trading gambling we have to break it down by the very definition of what it is to gamble. But before we do that i want to share a brief outline of the way i used to think about trad! ing and gambling. I live a somewhat social life and have many ! friends that i dine with regularly.
The fact that both answers can be acceptable makes it a frequent topic of debate among forex traders financial advisers investors and the general public. I have friends in all fields and i must. The relationship between forex trading or any trading at all and gambling is one that we professionals are asked to address regularly.
Numerous attempts have been made to simplify trading in the forex market and while a degree of success has been achieved in this area trading forex is more than installing a trading platform funding an account and clicking a buy or sell button on your computer. Before we dive right into how trading can become gambling we should just clarify that there is a clear difference between the two and they are not interchangeable terms.
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