Trading or Gambling ?

[NoShowBrooks]

Forex trading is distinct from gambling when approached with knowledge, strategy, and risk management. Trading involves analyzing market trends, understanding economic factors, and making informed decisions. Gambling, on the other hand, relies more on chance. While there's risk in both, a well-informed trader aims to minimize risks through research and strategy, setting it apart from a pure game of chance.

You are right. Unlike trading, gambling does not require any strategy.

 

[Maverick]

Unlike Poker or Roulette, I like to think I am gambling with an edge ... I still use and listen to my indicators

THE biggest difference between trading and gambling is I do not have to pay ANY tax on my winnings

NOTE ... Spreadbetting is NOT available worldwide ... Only in select countries like the UK

Also, a trader is very edgy and wary - only using a small percentage of his available funds - a gambler on the other hand will bet the absolute maximum his free margin will allow ... Least I do

 

[ChelseaR]

Gambling is just risking your money and hoping a wheel supports you in getting profit. On the other hand, trading is done with proper strategies.

 

[David79]

Gambling is just risking your money and hoping a wheel supports you in getting profit. On the other hand, trading is done with proper strategies.

I agree - Trading is all about planning & strategy. What's your strategy these day?

 

[Tradr]

It's simple really:

Gambling is taking the bet knowing the odds are against you
Trading is making an educated decision based on statistics moving probabilities in your favour

 

[Maverick]

Respectfully ... Spreadbetting is not just a case of flipping a coin Buy or Sell ... We look at the charts in exactly the same way a trader does

You probably think you are being smart by not paying taxes on your profit ... Thats what Al Capone thought