Forex Trading - Gambling, Betting or Speculating? 

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isbellaisla
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Joined: 12/7/2018
Topic  Forex Trading - Gambling, Betting or Speculating?       Flag »  Reply »
For the purposes of this article, gambling will be defined as the staking or risking of money, on the outcome of something involving random occurring events. Crypto Prophecy For example, the toss of a die, the roulette wheel, the purchase of a lottery ticket. In this decision, there are no prior events that have any bearing on the outcome.

The definition here will be to stake or risk at any event expecting an outcome where the outcome is not totally random but is influenced by other variables. The latter part of that sentence is important as it adds an additional element to the definition for gambling.

As an example, someone may decide to bet on a team winning based on the fact that two of their key players have returned from injury. Or perhaps the world number 1 in tennis is playing the world number 134.

There are a number of traders find themselves in this position. A forex trader expect currencies, for example, to become stronger based on improved economic data. A stock trader expects a stock to increase in value based on a companies performance.

I would even go so far as to say that many people who invest their money into stocks and shares, in pension funds etc are actually betting that they made the right choice. In sporting events say, the success or failure of a result is known within a few hours, when investing in stocks and shares the time line is considerably longer.

I believe that the majority of forex traders who adopt this approach can have their trading approach defined as betting.

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  Tuesday, February 26, 2019 at 5:13:51 AM

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