Forex vs Gambling
By harishs4u
@harishs4u (59)
India
June 29, 2010 9:47am CST
I have very little idea about Forex. But from my initial analysis i know that we can earn large amount of money if we make good decisions. But the profit is obtained from a good trade from a strong currency, so literally the person who bid on the weak currency loses and you gain. This no different than gambling as a good decision maker wins in both the cases. Your views on this.
Regards.
2 people like this
3 responses
@indahfth (11161)
• Indonesia
11 Jul 10
forex can be regarded as gambling. But I think forex is not gambling. profit or loss in forex is not a fortune or misfortune. But something that requires our smartness. If we are observant, we would not be loss. I now have never experienced another loss, because I played it safe and, importantly I gained profit.
@rojishroy (600)
• India
29 Jun 10
Forex trading is not gambling even if it requires a little bit of luck. To make a good money in forex then you must have a very detailed knowledge about trading. There are a lot of technical charts and equations involved in forex training. You should be well aware of these technical details. The ability of a person to analyze the situations is very important in forex training. you must quickly respond to situations like war, oil price changes, domestic situations, political changes etc which alters the value of curreny. Only a person who have deep knowledge in forex training can respond to these situations quickly and correctly.
@prizee11111 (95)
• Italy
29 Jun 10
you are right but now there are the robot that do all this things you just sit down and wach your investiment growing when the robot work at your place..i think invest in forex using a good robot is more safe than playing casino on line :)
