Forex vs Gambling. Is there a difference? (3)

First of all, you need to familiarize yourself with the behavior of the market, with patterns and trends that can be recognized. So they become potential trading opportunities. You need to review the action platform at levels of resistance and support, indicators and economic events. In addition to reviewing them, it is crucial that you record the data in a specific order that gives you a view of the market from another angle and apply your knowledge of the market to your trade.
Once you have assembled the theory in your head, you take notes as you can not remember everything, and you have the discipline, order is at risk management. You can tilt even more scales in the long run to your advantage if you limit the size of your transactions.
And for cherry on the cake, you can track other traders. The web is full of content for economic news and technical analysis. Taking a second opinion, you can make sure you do not fall into a trap.

Forex vs Gambling. Is there a difference? (2)

Let's take a card game for example. The rules are quite simple. It is dealt one card to a banker (casino) and one to the player (real person) and all you have to do is bet on one of the two cards.
Since both the banker and the player have the same chance of success, it seems that chances are 50/50. But in fact, it is not.
Casinos change the rules by adding a small commission or lowering the payout if the banker turns a higher card, the scales slightly tilted to the casino. It may be a slight advantage, somewhere at 1-5 percent, but it is enough for the casino to make a profit after a large number of games played.
To become a successful trader, you have to trade like the casino by using your advantages.

Forex vs Gambling. Is there a difference? (1)

Why are you trading? Let me guess: because you want to make bags of money and you can buy everything you want?
This is a very good reason, but it will most likely lead to extreme greed and will destroy your account. Instead, you can bet your money in Vegas: losing money, at least with fun.
You have to remember that what distinguishes forex trading from gambling is the ability to tilt the balance in your favor.
Casinos are always profitable, although it is a business where the outcome of any card played, a dice or spin slot is unknown. They understand the concept of probabilities and make games that tilt the scales in their favor. It is true that there are lucky ones who leave with a huge amount of money, but the casino is done so that at the end of the day there are more loosers than winners.