Forex Forums |

Go Back   Forex Lasers Forum > FOREX TRAINING > Forex Articles

And you thought it was just Gambling with Suits

Forex Articles

LinkBack Thread Tools Search this Thread
Old 09-12-2016, 08:52
Join Date: Mar 2014
Posts: 979
Default And you thought it was just Gambling with Suits

If you were presented with a person that is engaged in an activity that can either indulge him or her with buckets of riches or complete loss of belongings your instant guess on what the activity is would be gambling. That is usually the image portrayed when someone outside the online trading industry hears how the forex world works, however this is not the case. Sure, gamblers and traders may share some very striking characteristics but their core difference is analysis.

One of the things that gambling and forex trading have in common is the way the foreign exchange or stock market works in relation to poker table. What drives both people to these two area is ideally the opportunity to earn money, and usually a small amount of money is barely enough, if youíre in it you are in to win big or else you should pack up before you even get started. Even the procedures can be related to each other, in a casino filled with countless tables the gambler will choose the one that feels right to him. The same way a trader will choose the right broker after going through a stunning number of prospective brokers in order to settle on one.

This is where the differences come forward, the gambler will have to choose his cards and his moves on the spot without any context. A trader however knows what products he is aiming for, whether its currency, spot metals or anything else a good trader will never accept going in blind. This on the other hand is not the case will all the traders because itís no secret that some traders do regard online trading as a gambling sport, but these people are never under any circumstances considered traders they are just gambling on a different field.

A true trader knows analysis, he or she has gained enough knowledge on the product of interest before making the decision of making an investment. A true trader is also the one who calculates the wins and losses before a transaction is even completed, because he or she is aware enough placing all your capital on a single investment is a foolís game, a gamblers game. Traders work differently, they work their way up gradually and suck up as much information and data available to them in order to initiate the thought of their next move.

Gambling alternatively does not offer the option of analysis, any form of analysis inside a gambling environment is considered cheating because counting, fixing, switching does not illustrate any actual talent but rather it reaffirms how gambling is just a game of luck and even the most successful gamblerís luck will eventually run out. Trading though is all about what the trader knows and how itís used to his or her advantage, sure there are no definites and yes it is all about estimating and forecasting but the numbers have the ability to speak to true traders and those are the kind of traders that rise further than all the others.

So next time you think that online forex trading is just gambling with suits, take a step back and look at whatís really going on behind the numbers.

Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
Are You Investing Or Gambling? ForexArticles Forex Articles 2 20-01-2017 17:07
Define The Time Frame That Suits You Best to Trade ForexArticles Forex Articles 1 31-10-2015 07:46
The Striking Similarities between Trading & Gambling ForexArticles Forex Articles 0 21-10-2015 16:12
How To Find A Trading Style That Suits Your Personality ForexArticles Forex Articles 1 09-05-2015 17:23
Difference between trading & gambling? herry_fxhope Forex Discussion 16 06-06-2014 02:11

All times are GMT. The time now is 21:46.

Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2021, vBulletin Solutions, Inc.