Can you refer forex as gambling?

[Potuse]

There are tons of people who have regarded forex as a gambling and if you look at the antecedents and the procedures that is involved in forex trading, you may want to agree with this assertion because gambling also has to do with predictions which you are not sure about.

 

[Grant]

I wouldn't say it's gambling, but it could be risky, as is with anything to do with investment. But that's what comes with the territory. But yeah, not gambling as gambling doesn't guarantee you a return. But trading for other currency is essentially just getting the worth of your currency in another country, right? So it depends on the country you trade for I suppose.

 

[Riberet19]

It has nothing to do, simply the people who see it as gambling is because they act in such a way when trading forex, forex is a risky market that is true, but to earn money you will need experience analyzing the market properly and be aware of the news, nothing to do with gambling.

 

[tray59]

forex trading is never a game it's a business model I'd you view forex as been a game you won't be able to trade well so forex trading is never a game it's a business which you need to learn gradually if you want to make good profit

 

[Mayorla]

No, You can not refer to Forex as Gambling. Forex is like a business to a lot of people. As a good trader, Before taking any trade in any direction, You must have a reason for taking the trade. Your analysis must match it.

 

[Monster Masterpiece]

Some people consider certain kind of the forex as gambling the fact of the binary options or the fact of high price or low price in next 5 minutes because it is a kind of prediction from their backgrounds.

 

[AruneBend]

There are tons of people who have regarded forex as a gambling and if you look at the antecedents and the procedures that is involved in forex trading, you may want to agree with this assertion because gambling also has to do with predictions which you are not sure about.

It's not gambling. Of course it's risky; you can lose a lot of money, but in gambling you only need luck. Meanwhile, for forex trading, you need experience and skills; otherwise, you will always lose money. It's not just gambling. Many people say it only because they lose money, but it's not true.

 

[Nomad]

There is a difference between investment and gambling. There is a difference between trading and gambling. However investment and trading can also be similar to gambling if you invest without research

 

[Genie01]

Forex trading is not gambling,it is only refered to as gambling if you don't know what you are doing,a lot of people nowadays are gambling because you don't have idea of what they are doing.

 

[Immilash]

No not at all, it only becomes gambling when you don't know what you are doing or when you don't know how to manage risk, you know trading is all about to managing risk.

 

[hastral45]

Forex is not a gambling in the sense that forex trading works with strategies. If you have good strategy couple with good risk management, you are bound to succeed in it.

 

[Shigobad2020]

Forex trading is simply an act of trading your money in the forex market and not an act of gambling , so its quite different from gambling , though if you don't know about it an goes into it , you might loose everything.