Am about to invest in forex but many believe is just like gambling,your money could go into tin air anytime, have been gambling before because i believe is an investment too,



Pls which one is fair enough?

None

Trading is by a mile, a 21st century business. It is nothing like betting. There's many things that goes into trading- technical and fundamental analysis which further increase your chances of profiting off the market, as against when you have to bet and then purely be speculative.
Betting is an hobby for those who like sports, trading is a business.

Non.
Do crypto instead. You can buy the dip now

If you don't know what you are doing, fx and gambling are the same but realistically, fx trading is as real as day and night and as profitable as any other good business.

imagrg:
Non.
Do crypto instead. You can buy the dip now

People have kept buying every dip until there's no money to buy dip no more. The reason isn't far from the fact that people think crypto is simply about buying the dip and that's absolutely wrong. If you learn Forex, it's even a wider scope and you can with the use of technical analysis, know when a dip is expected and same for pumps.

Forex knowledge helps you as a crypto trader, know when to BUY, when to SELL, and when to GO FISHING.

All businesses in it all you do is to speculate are the same. Examples: stock trading, sports betting, Forex trading, binary options, crypto currencies. They are all the same, nothing different. Just a change of name.

Speculation is simply prediction.

It's stupidity to call sports betting gambling and Forex trading an investment.

Gambling means 'risking money to make more money.' Same 'risking money' that people do when trading Forex.

Forex trading is bet9ja in disguise.

The answer here is, since both are the same thing then do the one you possess greater knowledge of or better still back off.

Princewill1:
All businesses in it all you do is to speculate are the same. Examples: stock trading, sports betting, Forex trading, binary options, crypto currencies. They are all the same, nothing different. Just a change of name.

Speculation is simply prediction.

It's stupidity to call sports betting gambling and Forex trading an investment.

Gambling means 'risking money to make more money.' Same 'risking money' that people do when trading Forex.

Forex is bet9ja in disguise.

The answer here is, since both are the same thing then. Do the one you possess greater knowledge of.

They’re not the same on any level. I agree that without the right knowledge, forex can fast become gambling.
But with forex, it’s about taking calculated risk and there are also observable metrics that aid your analysis in the first place to increase the probability of your trade being a winning trade.

Bet on the other hand is pure speculation.

imagrg:
Non.
Do crypto instead. You can buy the dip now

Buahaha. Go and get a loan and buy the dip nah. Hehehe.

Forex and Gambling can never be compared. There are people that study currency trading abroad in business schools. It is a profession and there are people that wake up daily to do this as their day job either working alone or for organisations.

Volkswagen90:
Am about to invest in forex but many believe is just like gambling,your money could go into tin air anytime, have been gambling before because i believe is an investment too,



Pls which one is fair enough?

Depending on what you are into.

Check my work on my thread in sports section. (profile)

Patience is required.

Volkswagen90:
Am about to invest in forex but many believe is just like gambling,your money could go into tin air anytime, have been gambling before because i believe is an investment too,



Pls which one is fair enough?

Once u're not knowledgeable enough of wat ure doing in forex then u're simply gambling ur money away. As one who has experience on both I can tell u that betting is more risky cos things can go sideways quickly, some teams we expect to win have bad days. That doesn't mean betting should be condemned cos there are people who bet wisely and some just sentimentally or for the fun of it.
To build up ur fx acct u have to acquire good management skills too not just learning how to trade cos u can be good at trading yet still blow away ur money. One must be cold blooded in making decisions in forex and abstain from emotional trading(which everyone must go thru at a point tho, it's inevitable)

Buh if u want my honest advise, I feel u shud open a micro account first and then practice enough to see how u can deal with ur emotional side to trading and see how you'd cope losing ur money on a micro account than to deposit everything u have on a standard acct and maybe experiencing heartbreak if things don't go according to plan(I'm guessing u're new to forex trading)
Cos same happened to me when I started too, every traders first deposit is purely like a sacrifice in forex. So I prefer u heed to wat I said. Also, I got few forex courses for sale if u need, not all those trash that help people lose on YouTube
Goodluck!

eskorelvis:



Once u're not knowledgeable enough of wat ure doing in forex then u're simply gambling ur money away. As one who has experience on both I can tell u that betting is more risky cos things can go sideways quickly, some teams we expect to win have bad days. That doesn't mean betting should be condemned cos there are people who bet wisely and some just sentimentally or for the fun of it.
To build up ur fx acct u have to acquire good management skills too not just learning how to trade cos u can be good at trading yet still blow away ur money. One must be cold blooded in making decisions in forex and abstain from emotional trading(which everyone must go thru at a point tho, it's inevitable)

Buh if u want my honest advise, I feel u shud open a micro account first and then practice enough to see how u can deal with ur emotional side to trading and see how you'd cope losing ur money on a micro account than to deposit everything u have on a standard acct and maybe experiencing heartbreak if things don't go according to plan(I'm guessing u're new to forex trading)
Cos same happened to me when I started too, every traders first deposit is purely like a sacrifice in forex. So I prefer u heed to wat I said. Also, I got few forex courses for sale if u need, not all those trash that help people lose on YouTube
Goodluck!

well said,thank you

Volkswagen90:
well said,thank you

Goodluck in ur trading journey. Hope you'd be part of the very few 4-5% that trades successfully

Forex is good but u gat to learn it very well before venturing into it but gambling is a no no thing.
Just embrace Arbing (sports arbitrage betting )

eskorelvis:


Goodluck in ur trading journey. Hope you'd be part of the very few 4-5% that trades successfully

With this statistics, I can never go into forex trading. The odd is self explanatory. And betting is a no no

Betting any time any day


Like yesterday, PSG & Juventus were sure as the egg is egg

maasoap:


With this statistics, I can never go into forex trading. The odd is self explanatory. And betting is a no no

People go into forex to make quick money that's why they fail and get unlucky. Forex requires lot of time and persistence to learn. At least 6 months of trading is required. The major factor that makes people fail is inability to control emotions while trading, it's not easy to see ur money reducing just like dat if ur trade doesn't go according to plan. Likewise it's not easy to control d greed that comes with winning. You'd feel d urge to let d trade continue even after reaching ur profit target and before u know it, directions can change and all the profits end up in reds when one isn't looking. One has to be cold blooded and very disciplined in trading and not allowing emotions get the better of him/her

Achz:
Forex is good but u gat to learn it very well before venturing into it but gambling is a no no thing.
Just embrace Arbing (sports arbitrage betting )

What's sport arbitrage betting please?

Forex is a lucrative business that is guided by certain principles and factors , thus one need to really learn very well and a lot of research as well in other to posses that rare skill to make profit, but Gambling on the other hand as to do with probability and guess work , with the success tied to luck and posses high level on uncertainty which ultimately result to streaking losses.

I'll be real with you, Forex is very similar to gambling, but if you do Forex the right way, you could be the Casino, no joke.

Though Forex seems similar to Gambling because they both have speculative properties but Forex is more certain and real if you have an in-depth knowledge of how the market dynamic functions and the underlying indices at play.

People have kept buying every dip until there's no money to buy dip no more. The reason isn't far from the fact that people think crypto is simply about buying the dip and that's absolutely wrong. If you learn Forex, it's even a wider scope and you can with the use of technical analysis, know when a dip is expected and same for pumps.

Forex knowledge helps you as a crypto trader, know when to BUY, when to SELL, and when to GO FISHING.

They don't know. Some people just buy dip anyhow. Forex gives broader knowledge. Use good indicators to know when to buy and when to sell

Princewill1:
All businesses in it all you do is to speculate are the same. Examples: stock trading, sports betting, Forex trading, binary options, crypto currencies. They are all the same, nothing different. Just a change of name.

Speculation is simply prediction.

It's stupidity to call sports betting gambling and Forex trading an investment.

Gambling means 'risking money to make more money.' Same 'risking money' that people do when trading Forex.

Forex is bet9ja in disguise.

The answer here is, since both are the same thing then. Do the one you possess greater knowledge of.

You are indirectly saying the aboki wey dey sell and buy dollars for ama hausa is gambling with his money.

Between Forex And Gambling,which Is More Real?

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frostguy:
Forex is a lucrative business that is guided by certain principles and factors , thus one need to really learn very well and a lot of research as well in other to posses that rare skill to make profit, but Gambling on the other hand as to do with probability and guess work , with the success tied to luck and posses high level on uncertainty which ultimately result to streaking losses.

Yes forex trading a real business but the people who really make money from it are very few