Is forex trading the same as gambling?
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Forex trading and gambling share elements of risk and uncertainty, but they differ in their underlying principles. Forex trading involves analyzing markets, using strategies, and making informed decisions based on economic factors. Gambling, on the other hand, often relies more on chance or luck. While...
read more Forex trading and gambling share elements of risk and uncertainty, but they differ in their underlying principles. Forex trading involves analyzing markets, using strategies, and making informed decisions based on economic factors. Gambling, on the other hand, often relies more on chance or luck. While both carry risks, forex trading can be approached with a strategic mindset, whereas gambling may involve more randomness. It's crucial to understand the markets and have a plan in forex trading, reducing reliance on luck. read less
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if you take trading as a Game it would be a game, if you take this as gambling it will be gambling, if you take as a trading or business it will work it the same manner. its all about your perspective
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Balaji T s
Professional with 30 years experience in Well Known Corporates and Top Education Institutes.
Gambling relies purely on luck like horse trading, cards game etc, but forex trading is a combination of understanding technical analysis and FII inflows/ outflows etc which impacts the price of a currency.
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