If you find these qualities in your self i.e., you quickly react to the changes around you then that means you can be a very good short term trader. So, also note that every trader have different personality which they have to figure out and if you lack these qualities of reacting towards quick changes then it means you can trade on longer time frames as compared to the shorter one.
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Gambling is a zero-sum game where you play the available odds whereas forex trading involves going through the past information and analyzing the available data to trade the right pairs. Unlike gambling, forex trading doesn’t have an ultimate win or loss.
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Smith2525
Life is one big game of gambling
chongjasmine
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I think trading is more about skill than luck.
AriaS
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It's a great question. I believe that trading is not gambling, because we can find an advantage.
How is this possible? Typical meaning of gambling is basicaly guessing "yes" or "no". Trading would be like gambling, if all you had to to was guessing the outcome of one single tick. But we have to "guess" the outcome of thousands of ticks. The possibility to analyze the behavior in the past, allows us to detect patterns and even, sometimes, to identify their causes. Both patterns and causes tend to repeat.
How is this possible? Typical meaning of gambling is basicaly guessing "yes" or "no". Trading would be like gambling, if all you had to to was guessing the outcome of one single tick. But we have to "guess" the outcome of thousands of ticks. The possibility to analyze the behavior in the past, allows us to detect patterns and even, sometimes, to identify their causes. Both patterns and causes tend to repeat.
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