Is Forex Trading Gambling? - Forex Trading Reviews

IS FOREX TRADING GAMBLING?

As a veteran who makes a living trading forex, i am here to break the bad news to you all newbie traders. YES, Forex trading is 100% gambling but HOLD ON !!! This information is just what you need to become a consistently profitable trader and i am here to help you achieve just that.

Hold your horses Mr. Forex, If you say forex is gambling,how then are you and other forex traders able to make money consistently?

Well, For many things in the world, the devil is in the detail and forex is no exception

Gambling refers to the activity of playing games of chance or placing bets with the hope of winning money or other valuable items. It involves risking something of value, typically money, on an uncertain outcome with the primary intent of winning additional money or material goods. Gambling can take various forms, such as casino games (like slot machines, roulette, or poker), sports betting, lottery tickets, online gambling, and more.

If it has not become apparent to you yet, a comparison of forex trading and the definition above will immediately reveal a common theme. Forex involves placing a bet on the direction of a currency in the “HOPE” that after some time depending on whether you are a day or swing trader, price will move in the direction you earlier predicted. The underlying theme here for every profitable forex trader is “HOPE”. You know why??? It is because no one, not even a super computer can predict accurately what the next direction of the market will be. Which means we have to rely on hope and this is where regular gambling and forex trading begin to drift away from each other.

You see, Profitable forex traders primarily concentrate on the probability of their trading positions being successful

The provided screenshot portrays the percentage profits from my AUDUSD trading setup that I trade annually. Remarkably, this setup has yielded positive results in 21 out of the past 23 years. However, it is worth noting that there were two instances, specifically in 2008 and 2015, where this particular strategy did not deliver the desired outcomes. This strategy has a win rate of 91.3%

Now this leads us to what professional traders call “an edge” which is basically a statistical or strategic advantage that a trader possesses, which gives them a higher probability of making profitable trades over time. It represents a unique factor or approach that sets the trader apart from the average market participant.

Having an edge means that a trader has identified a consistent pattern, strategy, or information advantage that allows them to make more informed trading decisions. This edge can arise from various sources, such as technical analysis, fundamental analysis, quantitative models, proprietary indicators, market knowledge, or even behavioral insights.

To conclude, it is worth noting that most people who lose money in forex don’t have a time tested strategy, they do not know how to even go about it. It is imperative that you receive valuable training preferably from a trading veteran and thats why im giving you the chance to download a free ebook below

I am working on bringing out my forex course soon where I will share my trading experience and secrets with you. If you want to be in the waiting list, Kindly fill the form below and you will be giving early bird discount once the course is ready