Hillel Fuld After working in the Forex industry for some time now, I have forex met with one common question countless times. Before I completely negate that question and explain why they are totally different, let me first explain that there is something to that question. It is true that there is some percentage of a gamble when opening up a Forex position. No expert, no matter how long they have been trading and analyzing the Forex market, can tell you in full certainty what the US Dollar will do today. There are many tools that can be used in order to help you make a more educated decision, but do not be fooled by so called Forex experts when they tell you they have it figured out. In fact, it is simple math. If they have a 3 trillion dollar a day market figured out, why are they not billionaires? If they really knew the key to eliminating the Forex risk, they would not be wasting their time trying to convert you into a Forex trader. Even in their trading, there is a certain element of Forex gambling. Because there is no such thing. You not familiarize yourself with all the technical indicators, study fundamental analysis from dusk till dawn, and there still is some sort of a risk when trading Forex. You are not going not be not with a certain factor of Forex gambling. It is for this reason that a very high percentage of Forex traders end up losing more than they gain. For this exact reason, it is crucial when first forex up a Forex trading account gambling you only use money that you can afford to lose. Call it vacation money, designate it for your Forex account, and face the fact that you might lose it. If you are still reading, you not that while there is great risk in Forex, the possible reward is something you cannot ignore. The potential for making money in Forex trading is as close to endless as any market on the globe. Hi Keith, Thanks for the comment and nice words. Of course you can use the article, just please make sure to add a link back to DailyForex. Dear Hillel Fuld, First of all the report you wrote called "Forex Trading and Gambling: Five Reasons They Are Not the Same" is a work of art and the words are the words I would use also. Many thanks in advance Keith. Just because something is RISKY does not make it gambling. The real issue is, Are your profits coming purely from the losses of other speculators? And, in Retail forex, are we are we trading an actual asset, or are we in reality just placing side bets on the action of the real forex market? Is it really just like sports betting or spread betting, which is true gambling? Or is it more like the stock market, where we are actually doing deals with an real asset? THIS IS A MORAL DILEMA FOR ME!! I do not totally agree upon the legal comparison between the forex- and the gambling industry, but overall you are right. I think forex trading is very similar to playing poker. Most players loose because they don't have the skills required, but for the profitable ones it is serious business. Forex Trading is not Gambling. Retail Forex trading with forex bucketshops is gambling alright. Thank you all for your great feedback. I hope I got my point across that there IS still a chance and a risk when trading, but as opposed to gambling, if you are disciplined, there are ways to increase your chances for profitability by a lot. Happy you liked the article! Stating that Forex trading is not gambling would suggest that you can predict the future--and nobody can. But like casino bets, some gambles are riskier than others and with forex trading, you indeed have tools available to help you make educated decisions. There is no sure answer gambling the next flip EVER. Just like a roulette wheel. It can come out black 50 times in a row and your sure red will turn up sooner or later but there is a possibility that black will come out Forever! But when you have a gambling strategy that you stick with that works for you and a plan with goals in mind,I don't consider that gambling. The only traders who are "familiarize with all the technical indicators, study fundamental analysis from dusk till dawn" are the NON-GAMBELRS. All the so-called "secrets of success" will not work unless you study those secrets. It is similiar to Gambling, but not exactly gambling. I think with Forex you have more control over the end result, if forex have discipline. Registration is required to ensure the security of our users. Forex via Facebook to share your comment with your friends, or register for DailyForex to post comments quickly and safely whenever you have something to say. Log in Create a DailyForex. Want forex get in-depth lessons and instructional videos from Forex trading experts? 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Forex News Technical Analysis Fundamental Analysis Trading Mind Blog Forex Blog Financial Humor Forex Expo Forex Newsletter More Technical Analysis Weekly Forex Forecast Free Forex Signals Gold Price Forecast. Analysis By Pair EUR-USD USD-JPY GBP-USD USD-CHF USD-CAD AUD-USD Bitcoin-USD Gold Oil. How To Choose a Broker Guide Learn Forex at FXAcademy Forex Articles Binary Options Trading Forex Social Trading Guide Forex Glossary Forex Basics Forex Webinars Forex Regulations. DailyForex Mobile App Need Help Choosing a Broker? Report Broker Scams Forex Widgets Sitemaps. Forex Articles Forex Trading Psychology Forex Trading and Gambling: Five Reasons They Are Not the Same Forex Trading and Gambling: Five Reasons They Are Not the Same. There is absolutely no comparing the amount of money traded daily in the Forex market to that of the gambling arena. In fact, I am not aware of any industry ok maybe there are a few exceptions that handles so much gambling on a daily basis. Depending on who you ask, there are anywhere between 2 and 5 trillion dollars traded daily in the Forex market. I could not find exact statistics about how much money passes through the casinos daily, but I am pretty sure the numbers do not compare. The Forex market is backed by the biggest and most important financial institutions on the globe. It is true that traders do not trade with the banks, but rather on the retail market, even so, the fact that the market is supported by such organization provides a much higher level of legitimacy than the gambling world. While gambling always faces challenges on the legal front, Forex is as legitimate as any other market, such as stocks or commodities. While there is a risk factor involved in Forex trading, you are not totally in the dark when opening a position. There are various schools of thought that dedicate much time and resources trying to eliminate as much of that risk as possible. You can watch and analyze the Forex market for days before opening a trade, as well as keep a close eye on the currency you are looking to buy, and only then, based on your studies, make your move. I am pretty sure such tools do not exist in the gambling world, which leaves you in the hands of luck or fate. Either way I would not want to depend on chance with my hard earned money. One of the main issues with gambling, as we all know, is that it causes addiction. If we think about this for a second, we will understand that the reason this is, is because people let their emotions get the best of them. People step into casinos with nothing but their desire to make money. When they do not fulfill this desire, they try again and it is not long before they have lost all their money, which usually leads them to gamble even more, and often more aggressively. This is of course a big problem. In forex trading, on the other hand, the first rule any trader knows is to leave their emotion out of the equation. Forex objectively and scientifically. Set your trading goals, and stick to them. This of course prevents overcompensating with trades, when you have lost money, or letting your greed take over when you are profitable. This leads me to my next point, use trading strategies. It is true that a very high percentage of traders end up losing, and if you ask me why this is, I will tell you it is because they trade blindly and with no strategy. This is the biggest mistake a trader forex make. Before you trade a penny, you need to make some serious decisions about your trading goals and limits. Once you have make those decisions, you must gambling them using your trading platform. Use Stop Losses to prevent your emotion and your inner voice from telling you to stay in the trade because it has to go up eventually. Use Take Profits to prevent your natural human greed from telling you not to get out now since your currency will continue to increase in value. Stop your losses and take your profits based on trading strategies and not weak human emotions. These are just some examples. If you have more, or disagree with one of the above points, feel free to speak your mind in the comments. Many thanks in advance Keith Keith Williamson March, Anthony Diaz November, Retail Forex trading with forex bucketshops is gambling alright w. Hillel Fuld August, Casey Stubbs August, Thank YOU for reading and taking the time to comment. Sign Up Read Review. Free Forex Trading Courses Want to get in-depth lessons and instructional videos from Forex trading experts? Sign up to get the latest market updates and free signals directly to your inbox. Most Visited Forex Broker Reviews. About Us Contact Us. Enter your email address here:
Example: The researcher got very much interested in determining the status of teaching science in the high schools of Province A and so he conducted this research.Background of the study This segment consists of statements on what led the investigator to launch thestudy.
I think the most important thing a clinician who is working with a person who stutters can do is recognize that each person who stutters is an individual and what worked for one person may not work for the next.
Sought by niece Fanny HAYES of Hyndman, Ontario, Canada in 1906.
Example: The researcher got very much interested in determining the status of teaching science in the high schools of Province A and so he conducted this research.Background of the study This segment consists of statements on what led the investigator to launch thestudy.
Wolfman Jack (just grasping at straws with this one but it would be a nice pick for the oldies crowd).
You could just as well keep going back, or have stopped earlier. (Or, unstated, not gotten into the trap in the first place).
I think the most important thing a clinician who is working with a person who stutters can do is recognize that each person who stutters is an individual and what worked for one person may not work for the next.