Is Forex Trading The Same As Gambling?

Is Forex trading the same as gambling?

Yes, it is gambling when one treats the Forex market like a huge Jackpot machine or Roulette table where the hope of winning is dependent on nothing else but pure luck.
The problem with casino gambling is that the odds are stacked heavily against the gamblers.
In Forex trading, the trader needs only to overcome the odds of a few PIPs spreads payable to the broker before he/she can attempt to make a profit.
Trading "blindly" in the Forex market with no plan or strategy will cause the Forex gambler to lose money just like any game of chance. The consequence is worsen when the Forex gambler does not apply stop losses in his trading.

No, it is NOT gambling when one treats the Forex market like any other business or profession where opportunities can be seized and risks can be mitigated.

The difference between the Casino and the Forex market is that, most are games of chances with the former versus a contest of strategy for the later.
Unlike a game of chance, the Forex trader can rely on price patterns and analysis to decide on the opening andclosing a position with a probability of winning in his favor.

One of the main issues with gambling, is that it is addictive.
Gamblers step into casinos with nothing but their hope to make money. When they lose money, the desire to recover losses will lead them to gamble more, and often more aggressively.

A Forex trader just like any other trader too can easily become a Forex gambler when he lets his emotions dictate his actions to trade impatiently and illogically.

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