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Author Topic: Forex or Gambling  (Read 4326 times)
wintermeasures
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June 18, 2016, 04:51:39 AM
 #21

Hi guys,

Some people says that forex is betting of sorts & somewhere it is same as the gambling..

what you say?


I think all trading is gambling, such as trading using the analysis if you can. then gambling can also be analyzed. But i more suggest trading moreover trading bitcoin. With trading bitcoin more easy then forex . Thank you

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Herbert2020
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June 18, 2016, 05:51:49 AM
 #22

Hi guys,

Some people says that forex is betting of sorts & somewhere it is same as the gambling..

what you say?


I think all trading is gambling, such as trading using the analysis if you can. then gambling can also be analyzed. But i more suggest trading moreover trading bitcoin. With trading bitcoin more easy then forex . Thank you

trading is far from gambling actually. for two reasons. in gambling you will lose all your money that you put down on a bet while in trading you will never lose all your money even if the price goes down you can sell fast with a small loss.
also in gambling there is no way you can predict the result to know if it is win or loss even if you know the chance of winning, but in trading all the analysis and experience can help you have some kind of idea about the result (going up or down).

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Snorek
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June 18, 2016, 06:29:19 AM
 #23

Hi guys,

Some people says that forex is betting of sorts & somewhere it is same as the gambling..

what you say?

I assume you want to earn money, correct? What is your bankroll, what are your goals? Without little background is hard to suggest anything.

All I want to say is that general consensus about gambling is unequivocal - gambling is not the ideal solution which help you get rich.
So if your only thought is to start to gamble and earn easy money, stop before you will burn.

You can be lucky for a short period of time, but you can't be lucky all the time.

I know however sure ways to profit from gambling - you can use arbitrage sport betting for example.
But for that you need to have usually high initial bankroll as profits are stable but not high.

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June 18, 2016, 06:32:04 AM
 #24

Hi guys,

Some people says that forex is betting of sorts & somewhere it is same as the gambling..

what you say?


It's different. Gambling is based on your luck, you can lose your money easily, your skill is not required.
Forex need your analyze skill, technical or fundamental analyze, you can avoid lose money. The big chance to earn profit is reasonable.

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June 18, 2016, 06:49:45 AM
 #25

in my opinion both have same risk and also need skill to do so but in forex people will get more profit if could predict the exact situations such as global markets or to predict regular basis prices but gambling also not so bad as people has imagined because in sportbooks i saw that some people have good results during their gambling and could make profit too from it

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June 18, 2016, 06:53:15 AM
 #26

Don't mess with both. They are the same thing. If you are going to choose one of them, choose gambling directly. At least you will know  what you are doing and you won't get the fake impressions that you can actually win if you study hard enough.

Get stocks.

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June 18, 2016, 08:21:56 PM
 #27

Hi guys,

Some people says that forex is betting of sorts & somewhere it is same as the gambling..

what you say?


- Gambling for me as I get a good bonus to start with and the games are easier to play.

- Forex requires skill and only experienced traders can make a good income.

Being a newbie would take lot of time to learn and buying/selling currencies without much knowledge of the market could be more risky than gambling.
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June 19, 2016, 03:58:00 AM
 #28

Well, forex is definitely gambling if you're betting on a extremely short timeframe. for example secondstrade they're basically a gambling website instead of a forex options website.

I'd prefer to gamble because it is so much easier to understand lol...
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June 19, 2016, 07:10:26 AM
 #29

Correct. The two are essentially the same. Forex trading can be viewed as a more 'educated' form of betting, the decision to sell or buy is reached only after extensive research and analysis are completed (based on concrete factors). By contrast, gamblers often simply follow their whim or gut feeling.
Basically, as long as there is even the smallest uncertainty, it is a gamble. For example, being 99.9% certain is still gambling.
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June 19, 2016, 11:12:28 AM
 #30

Yes, both seems alike gambling and trading (forex) as in trading you gamble your money with price where as in casinos you trade your money with your luck and finally outcomes both are equally addictive Smiley

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June 19, 2016, 01:59:41 PM
 #31

Forex is marginal trading, so can somewhat be considered gambling.
You bet in volumes there and can get out at smaller losses.

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July 14, 2016, 03:53:19 AM
 #32

Hi guys,

Some people says that forex is betting of sorts & somewhere it is same as the gambling..

what you say?


before I knew bitcoin course I prefer forex than gambling, but since I know trading bitcoin bitcoin suggest better play than forex Smiley I think bitcoin easier analyzed than forex

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July 14, 2016, 01:43:53 PM
 #33

Yes, both seems alike gambling and trading (forex) as in trading you gamble your money with price where as in casinos you trade your money with your luck and finally outcomes both are equally addictive Smiley

I dont think the same gambling and trading
gambling is depends on your luck and do not need analysis but forex we need it to open order buy or sell.

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July 14, 2016, 02:29:37 PM
 #34

Both of them are the same..!!! Why? Because both of them uses money..
Its up to you where do you want to make.profit.

no they are not same. this is true both of them uses(need) money to start but earning money from both are not same.
as you know gambling is depends on luck but forex is 100% depends on skills and experience. luck less help you in forex..

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July 14, 2016, 03:29:39 PM
 #35

@ the people which prefer gambling over forex. What site would you recommend a newbie without any coins to start?
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July 14, 2016, 04:42:51 PM
 #36

Yes, both seems alike gambling and trading (forex) as in trading you gamble your money with price where as in casinos you trade your money with your luck and finally outcomes both are equally addictive Smiley

I dont think the same gambling and trading
gambling is depends on your luck and do not need analysis but forex we need it to open order buy or sell.

it depends on the gambling game. If you play on a sports betting you really need to analyze each team that will compete.

Gambling and Forex different, Compare a professional gambler who plays the odds with a casual gambler who hopes to make money if he gets lucky and measure the results. Similarly, there is a difference between a professional trader who relies on a systematic approach, discipline and prudent money management with a trader who relies on luck as much as skill to stay afloat.

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July 14, 2016, 11:16:38 PM
 #37

@ the people which prefer gambling over forex. What site would you recommend a newbie without any coins to start?

You cannot play gambling without bitcoins in your wallet as you need coins to put a bet, but if you want to gamble without any account or deposit then you can go for directbet.eu.
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July 15, 2016, 02:46:08 AM
 #38

To me forex trading is a gamble in it's self. You are not sure of the outcome at the end of the trading day so isn't that taking a risk thus taking on a gamble?
If that is true, then I would rather gamble it on a soccer match or a tennis game and take my chances with those. At least you won't feel that you are playing with your money if you lose it in forex trading. With sports matches and games you have the entertainment value to take with you if you lose.  Wink

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Zadicar
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July 15, 2016, 03:16:14 AM
 #39

both have risk on loosing you money but forex and gambling are different since forex need skills ex. reading charts,predictions, price observation while gambling is just pure luck lets say there are some strategies but it usually accompanied with luck. In profit i could say gambling give profit on fast way if your lucky enough in trading youll need some strategies and deep observation to gain profit out of it.

entrepmind23
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July 23, 2016, 01:03:08 PM
 #40

Hi guys,

Some people says that forex is betting of sorts & somewhere it is same as the gambling..

what you say?


Forex is buying a currency against other currency and then selling it for a higher price like if you buy EUR for 1.035 against USD and then sell it for 1.5 then you made a profit. It will just depend how many EUR you buy if you have decent profit or not but if the price of EUR go down to 1.00 then you lose if you sell it on that price or you will wait for the price to go up again. You have a choice. However when you say gambling, when you bet your money, it's either you win or lose it all and it's just luck whether you win or lose. In Forex you can study the market and its movement and then speculate to gain some profit but in gambling, you have no data to study.
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