Do You Think Forex Is A Gambling Or Not ?? Why ??

Discussion in 'General Chat' started by ganyos_86, May 27, 2008.

  1. #1
    Do you think that forex is a gambling ??
    Why ??
    Because i'd like to try it, but someone tell me that it was a gambling...
    Thanks
     
    ganyos_86, May 27, 2008 IP
  2. NsaneNoob

    NsaneNoob Peon

    Messages:
    2,103
    Likes Received:
    59
    Best Answers:
    0
    Trophy Points:
    0
    #2
    If you want to put in big money over and over again, then I would call it gambling.
     
    NsaneNoob, May 27, 2008 IP
  3. niceilike

    niceilike Active Member

    Messages:
    1,133
    Likes Received:
    16
    Best Answers:
    0
    Trophy Points:
    80
    #3
    If you are using forex because you have revenue or expenses in another currency it can reduce risk of drastic moves in the currency. However forex in the sense that you mean it is gambling. Very few people have been able to accurately predict currency swings consistently.
     
    niceilike, May 27, 2008 IP
  4. donlin

    donlin Active Member

    Messages:
    978
    Likes Received:
    5
    Best Answers:
    0
    Trophy Points:
    58
    #4
    I did it for 2 years and my advice is stay away from it. Its highly volatile, but if you must do it, get a practice account (most better forex platforms allow you to do that and tell you to do it at least 2 years) then if you think you can make some money go for it, but I'll tell you 95% of the people who try it lose all their money.
     
    donlin, May 27, 2008 IP
  5. SuperNovaArcade

    SuperNovaArcade Banned

    Messages:
    373
    Likes Received:
    11
    Best Answers:
    0
    Trophy Points:
    0
    #5
    What is this "Forex" which is being spoken of?
     
    SuperNovaArcade, May 27, 2008 IP
  6. donlin

    donlin Active Member

    Messages:
    978
    Likes Received:
    5
    Best Answers:
    0
    Trophy Points:
    58
    #6
    You trade currencies against each other. For instance the dollar against the pound, or the euro against the yen, or the pound against the euro. You bet which one will rise higher than the other and if you're right you make money, otherwise you can lose your shirt.
     
    donlin, May 27, 2008 IP
  7. melbel

    melbel Notable Member

    Messages:
    2,373
    Likes Received:
    241
    Best Answers:
    0
    Trophy Points:
    230
    #7
    Anything involving high risk investments is considered gambling, including the US stock market.

    As for Forex, I would NEVER invest in it. That's just my opinion. You may think differently.
     
    melbel, May 27, 2008 IP
  8. ganyos_86

    ganyos_86 Member

    Messages:
    77
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    41
    #8
    Wow, it's really danger than..
    Thanks for the advice
     
    ganyos_86, May 28, 2008 IP
  9. jhuynh1026

    jhuynh1026 Peon

    Messages:
    206
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    0
    #9
    i guess it can be classified as gambling. since you may be putting money out there and taking some risk.
     
    jhuynh1026, May 29, 2008 IP