Is Forex considered Gambling?

[forexboy]

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As the title of this thread says "Is Forex considered Gambling"?

If yes then prove it, while no then explain it.

[Ping]

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Yes, in a way, I would like to say it is like a legalized gambling activity maybe?!?

Kasi you wager some money, in the hope to gain some money too!  Parang stock market din?



 

[forexboy]

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Eto naman sagot nila djan Sir Ping. At gambling it is a matter of 50:50 chance of winning although some other games is 40:60, na yung chances mo to win is only 40 percent and losing probability is 60 percent. While most trader say against forex considered as a gambling is a big no no because you can predict the direction of the market. Kaya hindi raw considered gambling ang forex kung marami kang nalalaman on how to gain profit from it. Sabi nga nila only losers lang daw ang nagsasabing gambling ang forex.

[Ping]

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50:50?  Predictable?  Why then does statistics show that only a handful 2% are winners iin trading forex?!?



 

[forexboy]

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Actually 95% percent losses in forex according to the latest survey. This is because of trading forex with not enough knowledge to minimize the risk. Sabi nga nila, in order to become successful in trading you need to experience losing. 

[Ping]

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Whoa!  Experience is losing is all I've got.   

Sent you a PM po.



 

[forexboy]

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Yap that's what they say that you need to experience several losses until you can achieve success. Replied your PM Sir.

[meteorpaladin]

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As the title of this thread says "Is Forex considered Gambling"?

If yes then prove it, while no then explain it.

In my opinion po, ang lahat ng bagay na may risk is considered gambling.  Wala naman po sigurong negosyo na hindi nag ri- "risk". 

Nabasa ko po sa mga libro na isinulat ni kiyosaki na lahat ng bagay ay may risk.  Ngunit para sa kanya, ang gambling ay ang pagsusugal sa isang bagay or pag ri- risk sa isang negosyo ng hindi man lamang pinag-aaralan kung ano po ang papasukin na negosyo. 

Kung ihahalintulad po natin ang negosyo ng forex trading sa aking mga nabanggit,  masasabi ko po na kung papasukin ko ngaun ang negosyo na ito na wala akong kaalaman, ay para na po akong nagsugal.  Ngunit kung sa kabilang dako ako po ay magsasaliksik muna kung papaano ba tumatakbo ang negosyo na ito at kung papaano ako matatalo at kikita, marahil masasabi ko po na kung ako man ay magsusubok pumasok sa ganitong negosyo, ako po ay educated na kaya masasabi ko po na ako ay hindi na nag gagamble sapagkat may kaalaman na po ako matapos ang aking pagsasaliksik.

In short . . .

Never invest in a business or risk in a business that you have no idea at all.  If you do, then you are gambling.

 

[daytrader]

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One of my favorite quotes, I guess, sums up what my stance on this forex gambling topic is..

"If you fail to prepare, then you are preparing to fail."

Happy Trading.   

[Ping]

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Gawa kaya tayo ng thread for the pairs that we are playing?

Hopefully, we can throw in our own analysis everyday?  Together with charts and all, para matuto tayo sa mga mas marunong?  Or at least compare notes?

Who's in?