Forex is Gambling or Lottery ?

SmartGeek

Active member
Jul 5, 2016
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#31
Yeah, there are strategies to learn in the Forex Trading, if you wanna become successful in the Forex Trading, you need to have lots and lots of knowledge and experience and skills to survive in the Forex Market.
 

Peter Borren

Active member
Apr 8, 2017
166
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#32
Yeah, there are strategies to learn in the Forex Trading, if you wanna become successful in the Forex Trading, you need to have lots and lots of knowledge and experience and skills to survive in the Forex Market.
You can start by learning as much as you can regarding Forex and go to site Babypips School or dailyfx or forex.com to learn more about the topic and read pro articles as the suggestion from pro are very useful. Also go to YouTube to watch video tutorials as there are many good videos there to watch. You can learn a lot from videos and see live trade on there as well so its very helpful for newbie. Then you can open a free demo account with any broker and practice with fake money. You can move on once you have made a lot of profitable trades in a demo. A mini account is helpful for newbie as well.
 

SmartGeek

Active member
Jul 5, 2016
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#33
There are many traders who are considering the Forex as a Gamble, you need to understand that it would be their worst decision, if they took it like that.
 
Feb 12, 2016
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#34
It's neither a game, nor a lottery, although there's something similar. In lottery you don't control anything and here your analysis can get you profit.
 

billyjean

Active member
Oct 16, 2014
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#35
It's neither a game, nor a lottery, although there's something similar. In lottery you don't control anything and here your analysis can get you profit.

Well just think about market as a casino it makes all to convince you in fair game, show that you market analysis works etc. but in the long-term result the same.
Conclusion don't trade short term if you don't have speed edge, only long term trade and as much few entries as it possible
Check my live account to see that 80 trades in a year help me stay afloat. http://www.myfxbook.com/members/woodcutter/pulse-tickmill-real/1757067 :D
 

SmartGeek

Active member
Jul 5, 2016
237
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#39
Yeah, there is no way in Forex to make the profits consistently, you need to understand that if you wanna become successful, you need to have good amount of practice which you could have in the Demo Trading.
 

neil

Well-known member
Nov 19, 2001
5,169
744
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#40
True for many here

How do you manage to achieve £1m in the bank as a inexperienced trader ?

Deposit £10m and then wait a few weeks

N
Love it -it's the way you tell 'em N :D
 

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Peter Borren

Active member
Apr 8, 2017
166
3
28
#41
Yeah, there is no way in Forex to make the profits consistently, you need to understand that if you wanna become successful, you need to have good amount of practice which you could have in the Demo Trading.
There is a way to make sure consistently profit , if you would be a professional trader but it’s a long time process , that’s we generally fail to keep interest
 

june_girl7

Active member
Apr 9, 2016
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#42
If you trade forex or whatever blindly and depend upon luck then forex also becomes gambling otherwise it's a pure business.
 

june_girl7

Active member
Apr 9, 2016
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#45
Forex has nothing to do with luck or with the lottery .the Forex market is a science, and it requires time and practice, so if you want to trade the Forex market you have to be ready for the hard work.