Is Forex trading the same as gambling?
Unlike games of chance, Forex trading offers many opportunities for using a statistical advantage. These opportunities include when trading patterns present themselves, it shows points in the market where we know historically that we have better odds of being able to determine what will happen. In certain economic news events, we know from a fundamental basis what should happen and with technical analysis, we also have a statistical advantage. If we blindly make trading decisions, we would see similar results as gambling. But when we have learned the tools we have and use them effectively this should not happen.