Forex trading is not a game of luck, in gambling you bet money and its totally depends on your luck. You do nothing here without betting.
if you trade with luck all time then your account balance will destroy one day. luck is require at gambling . but in Forex its all about strategy, discipline and trading knowledge . i strictly recommend you to if you believe and trade with only luck ,then stop trading and start learning about analysis for trade.
Start with a demo- this help new traders in the Forex so that they can learn how to open and close strategic transactions and determine their own
Hello Paul
Replying to your message with regards to forex trading is gambling or not.
Here are my two cents worth: Trading is gambling if you do not trade with a system. If you learn how to trade properly, then you can be a winner.
Going to a casino and putting your money on the slots without any calculation is gambling. However, when you play the game of Poker, sometimes you bluff the game but you are always looking at the opponents faces to study their expressions and make your move accordingly.
If you can study the faces of your opponents in forex trading (by means of reading the charts), you will not be a gambler but will convert the game of gambling into your business.
There are tons and tons of professional Poker players in the world. They do not gamble. The play the game of poker as business. They lose some they win some. But they cut their losers and run the winners. The essence of trading business, forex or stocks or any other instrument. Cut your losses and run the winners.
Cheers