Is forex trading a gamble?

[TOZZIBLINKZ]

Forex trading can be considered a form of investment, but it also carries elements of gambling. Like any investment, there is a degree of risk involved in forex trading, and the potential for both profits and losses. However, unlike traditional forms of investment such as stocks or bonds, the foreign exchange market is open 24 hours a day, which can make it more accessible to traders who may not have as much time or resources to devote to research and analysis. Forex trading can become a gamble if the trader is not well-informed, doesn't have a well-defined strategy, or doesn't have a proper risk management. Trading without a strategy or without understanding the market, is akin to gambling in a casino. The odds of success are low, and losses can be significant.

On the other hand, if a trader has a well-defined strategy and is well-informed about the market, they can use their knowledge and skill to make informed decisions and potentially achieve profits. However, it's important to note that even with a solid strategy and good market knowledge, there is no guarantee of success in forex trading. In summary, forex trading is not inherently a gamble, but it can become one if the trader does not approach it with a well-defined strategy, good market knowledge and proper risk management.

 

[Mary Frederick]

Forex isn’t a gambling so always try to lower trading risk. Risk can be lowered by using low leverage, narrow trading spread, flexible margin, avoiding trading in volatile market, using micro account and other techniques can help you lengthen your trading profit. Eurotrader provides high leverage, narrow trading spread and flexible margin to lower trading risk.

 

[CALVINDOL]

Forex is absolutely not a gamble however it may have features as well as characteristics of most gambling platforms but one of the contract in which forex investment have with majority of gambling platform is that it is of lower-risk and very much ability for an individual to become rich and wealthy with forex if only he or she learns day after day and keep on being consistent on how to break through in forex trading and investment. Majority of gambling platforms especially betting platforms may not necessarily be considered to be a good investment opportunity but when it comes to forex trading and individual can definitely become rich and wealthy if only he or she gets acquainted on how to perform various markets and trade analysis and prediction on the forex market.

Most gambling platforms do not perform activities 24/7 but when it comes to forex marketing and trading activities it is considered to be a 24 hours activity available on all forex trading platforms.

 

[Ivo Zetticci]

Forex trading isn’t gambling but some traders adopt gambling techniques to earn quick money. You can trade crypto besides forex as part of making portfolio. Not all brokers allow traders with that opportunity but Erurotrader does, for example they allow traders to withdraw and deposit in USDT.

 

[FXOchartist]

It is depends how to work in forex trading, if you want treat forex as gambling, it is very easy, trade blindly and depends upon luck, despite maybe in luck time getting profit, for long term eventually gambling trading will fail and losing money. If you want treat forex as a business, hence will working with plan, if likely not yet ready start trading real account, use demo ECN FXOpen to prepare the skills by learning with practices

 

[Dita Walczak]

Forex trading isn’t gambling rather some people follow gambling tactics to earn profit from Forex. Eurotrader is a regulated ECN broker that provides high security of funding using different regulated banks’ accounts. The broker allows crypto trading and withdrawing in crypto too.