| First of all lets have a look at the definition of | | | | gambling but speculating. The definition of speculating; |
| gambling; | | | | to engage in any business transaction involving |
| - to play at any game of chance for money or other | | | | considerable risk or the chance of large gains, esp. to |
| stakes. | | | | buy and sell commodities, stocks, etc., in the |
| - to stake or risk money, or anything of value, on | | | | expectation of a quick or very large profit. |
| the outcome of something involving chance: to | | | | It seems to me that forex trading is no more a |
| gamble on a toss of the dice. | | | | gamble than buying stocks and shares and there are |
| So in a word gambling is a game of complete chance, | | | | people that are very good at this trading activity and |
| if you where to bet on the forex market with no | | | | make huge amounts of money from it's speculative |
| knowledge or no available technical or fundamental | | | | outcome. It is a matter of gaining the knowledge to |
| data then that would be gambling. It would be like | | | | be able to make educated decisions in which way |
| having a deck of cards showing a 7 then picking | | | | you think the market is going to go. |
| whether the next card is going to be high or lower | | | | There is plenty of information available on forex |
| to that 7. | | | | trading strategy on the internet in the beginning |
| On the other hand if you have the means to have | | | | stages it is worth having a look and practicing with a |
| technical and fundamental data at your finger tips and | | | | demo account in a live market to see if your theories |
| the knowledge to use that data then you would be | | | | are profitable over a period of time. |
| taking out the chance element, hence it would not be | | | | |