Trading #1 | Peatixtag:peatix.com,2011:12022-05-22T03:05:12+09:00PeatixtradingmindTrading #1tag:peatix.com,2020:event-14380902020-03-10T00:00:00JST2020-03-10T00:00:00JSTEvery Forex trading hears foreign exchange being compared with gambling at least once. Given the profit potential this domain carries, the comparison is obvious. Much like a casino, Forex trading often rewards traders with hefty profits! And much like casinos, losing comes heavy on the wallet. Despite of the similarity, Forex trading is nothing like gambling. The latter relies heavily, sometimes solely, on luck. And the former always boils down to skill and their sharp implementation. We are here to discuss about how online trading differs from gambling and vice versa. To further go in detail, here are the 4 ways in which Forex differs from gamblingForex Trading Requires A Plan : You seldom need a plan to gamble, it is predominantly luck that does the job, at most of the time. Forex exchange isn't the same! If you're going to trade currencies on volatile grounds, you will need the backing of strong strategies. Luck does play a part, but it is trivial. To make sure your trading capital doesn't get drained on a bad trade, the assistance of a good Forex trading strategy is of paramount importance. Traders who think Forex can be approached like gambling, without a plan, often end up paying a hefty price in the end! A trade gone bad can leave you incurring losses greater than your account can manage.