Unfortunately, there are a lot of people out there, some with a respectable level of experience we might say, that consider Forex trading the same thing as gambling. There is a big difference between a concept that has some common traits with another and a concept that is exactly the same as another. In this case, gambling and Forex trading do have some things in common. Whoever says they don’t doesn’t really know a lot about this industry.

However, there are some huge and crucial differences between these two terms. In essence, if you treat Forex trading like gambling, you will definitely end up gambling in the end. The trick is to see trading in its depth and go further than the concept of pure luck and speculation. Forex trading is so much more than this which is one of the reasons why it’s not gambling at all.

About money and risks

From the point of view of a rookie, Forex trading and gambling might seem quite similar, even identical. For both of those activities, you need money because you have to start somewhere. Neither of those concepts works without at least a moderate amount of capital. It’s also worth noting that a lot of people have called Forex trading “the world’s biggest casino”. They are not completely wrong because money fluctuates greatly in both. However, this is just what a rookie sees when they look at the surface of it all. In reality, those two are nothing alike.

When it comes to risk, both the Forex market and casinos involve some risks. A trader and a player can both lose money the same way they can make a lot of money. However, this doesn’t mean that the two are the same thing.

Also, facing the harsh reality is a very important thing that people must learn. Almost nobody trades or gambles for the fun of it. They do it to make money. Some do that while others don’t.

Forex trading is more than simple gambling

Forex trading is more than simple gambling because it’s all on you. As opposed to gambling in a casino where the house makes sure that it always wins, in trading, you can be the house. If you win it means that you had a good trading plan and emotional control. If you don’t, then it means that it’s your fault and you did something wrong.

This is why trading is not like gambling because it involves a much higher degree of control over the situation. You are the only one to blame if things go south, not the broker. In trading, you can also use a series of tools that can help you become better and increase your chances of making a profit. When you gamble you cannot do that because it’s pure luck.

So no, Forex trading is not at all like gambling even if those two concepts have a lot of things in common. At the end of the day, if you treat trading like a game of roulette, don’t expect the make money. Remember that the house always wins.

It’s now time to recommend an online broker that can definitely help you in your trading journey, regardless of your experience. AlphaFXC Trading offers newcomers to seasoned traders alike a broad spectrum of trading channels specifically tailored to satisfy the varying demands and desires of the customer. AlphaFXC Trading resorts to an advanced social platform for faster and better trading altogether.

AlphaFXC Trading gives the capability and option to choose the most appropriate types of accounts to meet your personal needs. With a lot of great trading terms and advanced tools, each of them could become your partner on your trading journey. Check out their official website for more information on their broad offer.