Forex is not gamble

But I think that the source of profit comes from those people who lose in forex. Is that true

You are right, But i hardly know any thing about forex. I tried to learn it but could't find any help full web site or some one who could teach me. If you are an expert plz give me some guide lines on how to learn forex trade and how to invest e.tc.

Since you cannot say for sure about the trade you make,I would say it is like a gamble.Even though you have studied every bit of Forex and you are pretty much patient and go on with the trade,even experienced users fail at some point because of the high volatility of the market.Any way,if there is 70% chances of wining and at the end of the day.if you can make more profits than loses,it will be useful.Otherwise,it is waste of money and time.

Anything is a gamble if you go in without understanding how it works. In fact, there is a lot of opinion nowadays that the stock exchange is a casino. I guess it depends on who you talk to. To some it is a job which can make a decent living (as you have said).

I think every investment program is not much different from gambling. Both allow us to lose some money. HYIP investment programs similar which is so busy lately might make most people lose a lot of money because many HYIP sites endsas scam, and even though it was common knowledge that a website may be scam one day, but still there are many people who dare invest their money into the site on the grounds that the site is still new, they will be racing against time before the site turn into scam Forex in my opinion more to knowledge. To plunge into the world of forex one must learn how forex works. Profit or loss in forex depends on how big your expertise in estimating up and down the price of a commodity. in foreign exchange we can examine up and down of the commodity price and to know how much we gain or loss, while the gambling we do not know how the system works. In the world of forex we can obtain transparency, while in the world of gambling / HYIP we do not know how our money being processed.

I absolutely agree that Forex is NOT gambling!! Just like stock market, someone who don't no how it works always say that stock=gamble. NO!You can analyse many info to help you make decisions.

Hello iwrite thanks you so much for your advice. I fear to get into forex because I hadn´t studied about it and I fear to loose, of course. Today it´s sunday so tomorrow morning I´ll study something. I´ve heard so crepy stories about people loosing on trade markets that I prefer avoiding them. Blessings iwrite... dainy

I came here to read your wisdom. :) But I cant tonight, will only study it on tuesday or wednesday..:)

Hi iwrite, You're right to say that forex is not the same as gambling like in casinos provided one gets oneself educated and are willing to take the time and effort to learn the skills of forex trading. If one does not do that and just enter into forex trading without being well-prepared then I'm afraid one is gambling. The chance of one losing one's money is extremely high. In fact 90% of forex traders lose money while the other 10% makes all the money. However having said that it is very hard to be successful in forex trading because it is made up of 10% technical skills and 90% emotion. The technical skills part can be acquired but the emotional part is a bit more difficult to master. So if you want to be successful in forex trading be prepared to invest in educating yourself to acquire both technical and emotional skill. Getting a successful mentor who is willing to mentor you would be a great start. Have a nice day.

but you need to invest a big amount on it. so what if you lose it all? should be fair if you could invest only like 10 dollars to try it out. thats why i think people say its a bit like gambling. bcs you can lose it all if you dont be careful.

actually I'm still confuse about forex definiton. some of my friend earn good from any kind of forex site and some of them lost a lot. they said that you won't earn before you lost some cash. I don't understand a lot, but I have curiousity and want to learn about forex. where is the right place to learn forex from the beginning, iwrite?

When people don't know anything about a system and it yields or makes you lose money, they call it gambling. Well, you can't blame them as they don't know how it works. Anything is a gamble if you go into something without knowing what you are up to. But once the naysayers already understand the principles of forex, then only will they realize that it isn't gambling after all. Gambling depends on the surge of luck, while financial instruments such as forex or stocks have some basis. First, they must define the word gambling. It seems that they take something that has risk as already a sign of gambling. If that is so, even life is full of risks and living may be considered as gambling after all.

Yeah, you are right. Forex is not gambling. I'm not using Forex, but I know a little about it. It's defenitely not gambling. Thank you for your post.

thanks , i too had thought that Forex is a gamble but after reading your post i think it's different from gambling. now i can invest in it safely . thanks.

To be honest I am not really aware of the whole forex thing, but maybe that is why I sort of see it as gambling. Because the gamble is, you either make money or you lose it. And if you look at it like that then it is gambling. I think that if you have more knowledge about it, then you know about the percentages etc as you said in your post. And maybe in that case it is not looked at as gambling.

Iwrite, you are right that forex is not the same as gambling. But, for me, it is not easy to use our money to trade through forex for earning. I ever tried learning it before but until now, still don't really have confidence to earn through it. I prefer to earn some slow income through my trusted sites. At least, if i do make some mistakes, i don't lose my money in it. I heard from some of my friends who make a little mistake but lose a lot in forex.

Hello iwrite I can only agree with you, Forex is not about gambling, but yet some pleople may see it like gambling as you have 50% change that the rate goes in your favour. I am myself a student of forex and currently testing out a system which I hope to implement on my real account later on if it shows its true potential in the Demo account.

I agree, forex isn't gambling. It may be risky for those who don't know what they are doing and there is always a little risk associated with it but that doesn't mean its gambling and it is nothing like the online casinos and betting sites. I have tried to study forex myself but found it really hard to grasp, so I decided to stay out of it, at least for now.

Your right, forex is not gambling as well as stocks. I don't know much on forex but i am investing right now on stocks.

Yes, I absolutely agree! Some people trade with a "win or die" system and it is the sole reason why many people go broke in forex trading. Risk management always comes first. One thing we should remember is that the market can go anywhere and often the system we use is better at predicting price rather than our emotion-based predicament. Anyway, good luck for your trade iwrite, happy pipping :)