Justin Bennett is a Forex trader, coach and founder of Daily Price Action. He began trading equities and ETFs in and later transitioned to Forex in His "aha" moment came in when he discovered the simple yet profitable technical patterns he teaches today.

Justin has now taught more than 1, students from 53 countries in the Daily Price Action course and community.

Follow JustinBennettFX Recent Articles. To answer the question, is Forex trading gambling , we have to break it down by the very definition of what it is to gamble. But before we do that, I want to share a brief outline of the way I used to think about trading and gambling.

How to Trade Forex: 12 Steps (with Pictures) - wikiHow

I remember when I first started trading Forex back in late , a little more than 6 years ago. Without fail, one of the first comments people would make was,. Being the naive trader I was at the time, I would get a little defensive and respond with something like,.

Fast forward to today…boy was I WRONG about that statement. Make no mistake about it folks, trading is gambling! Notice a common theme?

FREE Forex Trading Guide (For Beginners) PDF

Because they want to sell you their product, of course. Because gambling is a bad thing, right? The truth may surprise you.

What is the truth? It all comes down to putting on trades where the probable win is higher than the probable loss. In other words, stacking the odds in your favor. In a previous lesson, I wrote about price action and confluence. Forex trading is the ultimate form of gambling. We get to review past price action before putting on a trade.

The key is finding the right Confluence Factors that stack the odds in your favor. All of these factors mean a higher probability that this trade will make us money, and it did. We can learn something from casinos. Then wait for the strange look they give you. Do you think trading is gambling? Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Daily Price Action, its employees, directors or fellow members.

Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website.

The past performance of any trading system or methodology is not necessarily indicative of future results. Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets.

Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose.

Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice.

We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.

Private Trading Community Login Sign up for a lifetime membership. Learn to Love Cash: Mastering the Art of Patience. The 5-Step Blueprint for Navigating the Forex Market Successfully. Is Forex Trading Gambling? To risk losing an amount of money in a game or bet To play a game in which you can win or lose money or possessions To risk losing something valuable or important in order to do or achieve something Notice a common theme?

Learn to Think in Probabilities It all comes down to putting on trades where the probable win is higher than the probable loss. So is Forex trading gambling? Copyright by Daily Price Action, LLC.