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FOREX TRADING = GAMBLING? in Forex Education_6825f0acc9f09

FOREX TRADING = GAMBLING?

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Kardel Sharpeye

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No, forex trading is not gambling. Unlike gambling, it involves skill, knowledge and analysis to determine the best time to buy and sell currencies. Forex traders must be well-informed of economic and political conditions, news and events that may influence currency values. They must also have a well-developed trading system and continuously monitor and adjust their strategies to maximize returns. While there is potential for large profits, there is also potential for significant losses, making forex trading a high-risk activity. Therefore, it is important to ensure that one is fully aware of the risks involved before entering the forex market.
#1486 - March 16, 2023, 02:15:24 AM

Dyandra

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I never assumed that, but indeed most of us do gambling.
#1487 - March 16, 2023, 05:14:13 AM

kuhaku

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If in gambling there are only two choices and don't use knowledge, but when trading we use knowledge and many strategies that we can apply in one currency
#1488 - March 16, 2023, 07:06:50 AM

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#1489 - Today at 05:14:14 PM

Vernalta

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for me this is not all gambling if it is done with good analysis then it works
#1489 - March 16, 2023, 06:25:06 PM

Kardel Sharpeye

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Forex trading is not the same as gambling. While both involve taking risks, forex traders use analysis, strategy, and risk management to make informed decisions. Successful traders rely on skill and knowledge, not luck, to generate profits in the long term.
#1490 - March 17, 2023, 12:14:58 AM

Nettawa

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I don't think so. But if all of that is wrong, it can go to gambling.
#1491 - March 17, 2023, 12:26:02 AM

Vernalta

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I don't think so because all of that should be adjustable
#1492 - March 17, 2023, 08:04:39 PM

kuhaku

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We see that in forex trading there are many techniques and we can close positions at any time without a time limit, and things like this don't exist in the world of gambling.
#1493 - March 17, 2023, 09:52:21 PM

Kardel Sharpeye

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No, Forex trading is not gambling. It is a skill-based business that requires knowledge, experience, and discipline to succeed. It is not a get-rich-quick scheme, and there is no guarantee of success. In order to be successful, you must understand the fundamentals of currency trading, as well as risk management and technical analysis.
#1494 - March 18, 2023, 12:28:06 AM

Vernalta

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I never expected like this, but we should be able to make good things.
#1495 - March 18, 2023, 01:52:28 AM

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#1496 - Today at 05:14:14 PM

Nettawa

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from here it could indeed be gambling, but you should always be vigilant about all of that
#1496 - March 19, 2023, 09:29:12 AM

Kardel Sharpeye

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It is a common misconception that forex trading is equivalent to gambling. While both involve risk-taking, forex trading is based on analyzing data and making informed decisions based on market trends, whereas gambling relies purely on chance. Successful forex traders have a solid understanding of market dynamics and use disciplined trading strategies to mitigate risk and maximize returns. However, it's important for traders to approach forex trading with caution and to never risk more than they can afford to lose.
#1497 - March 20, 2023, 12:39:37 AM

Vernalta

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I don't know if this is true and correct
#1498 - March 20, 2023, 02:31:01 AM

kuhaku

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I think the same as gambling is binomo, which is why binomo is not allowed at my place. but if forex trading is something that is not the same as gambling.
#1499 - March 20, 2023, 03:01:21 AM

Dyandra

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Yes, if you play like a gambler you can be called that, but if not then no
#1500 - March 20, 2023, 04:09:03 AM
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