Forex trading is much different than poker or casino as it is gambling and one can gamble whenever they feel lucky or when they want where as trading is done with study and analysis and requires lot of hard work.
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I am trading.. because I am a trader.. Only gamblers bet.. and none can collect livelihood by gambling.. but you can live a prosperous life with trading.. but forex can also be gambling if you dont know what you are doing.. Traders trade with analysis and everything goes here in a planned way.. but you cant find have these kind of stability in gambling.. this is why I trade
so many people said that forex is gambling too and i do not know what are their reasons for it?
from what side they told about it?orthey do not what is exactly about forex,
i really agree with you, forex is not gambling and we can make target every day as long as we do with well
may bet nae kerta, may trading kerta hoon, agr aap proper knowledge lay ker trading kertay hain to wo bet nae hoti. Fundamentals or Technicals ko study kar kay aik proper signal miltay hi entry kerna bet nae kehlaati. kaykin agr aap bas apnay dil ki suntay huay entry kertay jaeen to phir ye method bet kehlaeyga, laykin iss may aap ko ziada kamiyaabhi nae hogi.
If we trade the market without any analysis then it is called betting else it is a pure business. If one tells that the eurusd price will cross today 1.4000 and fails to tell on what ground he is telling, then it is nothing but a betting. whereas a trader will be able to substantiate his claim by giving detailed technical analysis or fundamental analysis.
I make a careful analysis of the chart pattern on the currency and the mirror currency to see if there is any viable setup which can be used to earn profits, if there is no setup then I just avoid trading, but when there is a good setup I do trade it to collect money. No matter how good and how strong the setup is I never use large lots just to earn more.
agree if we are doing proper analyses in techanical or funadamaentally. if both analyses give us signal then we can go for trade.
its not wait its good trading method. if you have siganl and you still not entr in trade then it wait.
but if you dont find any singal then do not trade...trade with only signal.