Forex trading Predicting price movement

[Mary Frederick]

Forex trading is all about predicting. However, it is not gambling. Gambling will only give you short time success. But in long run, you need proper analysis which gives a high chance of success to predict the right direction. Traders also need to learn about the market well. That’s why I am learning about the market and trading from Eurotrader free educational resources.

 

[Dita Walczak]

Forex trading is not a gamble that you traded and made a profit. To make a profit in trading, it is very important to create proper knowledge as well as strategy. If the strategy is not created properly, it is never possible to be a successful trader. As a trader, I always have a convincing attitude to acquire trading knowledge. Many lessons in trading can never be successful without learning.

 

[sincerem]

Forex trading is very much profitable if one studies what it takes to succeed on it. To predict perfectly without accruing losses that is much bigger than your profits. One need to avoid predicting countless times without following signals. That's why it is necessary to subscribe to signals in order to help you ascertain progress in forex trading. Always seek advice and mentorship from expert traders to guide you make good predictions. Don't trade when feeling emotional trauma.

 

[Dita Walczak]

Forex trading is not a gamble. You have to gain trading profit through analysis. If there is a mistake in the analysis, it is very difficult to sustain the investment in trading. Emotional trading is another big cause of loss. It is not possible to be a profitable trader if you do emotional trading. In each case, the trader has to think positively.

 

[Sherman198]

Forex is not for everyone I guessed. If you are not a learned person in the field, you will end up losing your cash. Before starting, it's advisable to have standard skills to be able to trade and also be able to control yourself even if you are not winning because over reacting is more lose for you.

 

[Alexandoy]

Pardon me for saying this that forex trading is also a kind of gambling because you can gain and you can lose. That is the essence of gambling when you bet you can either win or you can lose, right? With forex trading it is the same concept that you buy a currency now and you sell later for a profit or a gain just like winning a bet. But when the price of the currency falls down to a remarkable decrease then it is like you have lost on your bet that you will lose part of your investment. However, forex is legal and it is not considered betting so on that part I will agree that you cannot call forex a gambling game.

 

[cmoneyspinner]

If you define “gambling” as taking a risk and your investment of time and money may not turn into a profit, then everything in life is gambling.

But gambling is a vice and it is rigged against you. The casinos are set up to make money. Sure! They let a few people win. Because they have to keep their customers. When you see people win, do not be deceived. Its just a “hook”. The owners of the gambling joints hope that they can hook you!

You don't really have to educate yourself to gamble your money away. Just go in the casino with money and go to the tables. Nine times out of ten, you will walk out empty-handed.

Whereas, if you consider FOREX trading, you could be foolish and act like a gambler and throw your money at it and hope it increases. But a wise trader will educate themselves on the entire process from A to Z.

Currency trading has been around for centuries. But it wasn't until 1990 when the technology of FOREX trading platforms was developed. Before that time only major financial institutions could trade. But now an average ordinary person can be active in the FOREX market. Like any sound financial investing decision, you take a risk. You could lose or earn a profit. However, these days individual traders and investors can speculate on currencies and earn a profit.

In my humble opinion, FOREX trading is not gambling. It is not rigged so that you lose your money. But you do have to educate yourself and pay attention to the financial market so that you don't waste your money. If you don't, then you are gambling.