Forex Gambling

Forex trading is seen by many as a complicated activity that only a selected few can handle. Most people are afraid of complicated charts and statistic indicators and give up before event trying to trade.

But there is also a different approach to forex: the gambler’s approach. Trading forex can be no different from spinning the roulette. You can open a trade without any analysis and wait to see what happens. You winning chances are the same as in blackjack or roulette, and the big advantage is that you know the market cannot be rigged by the casino.

Forex gambling is very similar to sports betting. You put your money on the outcome of a real life event that can’t be influenced by the house. But there are many advantages of forex gambling compared to sports betting: 5 days a week you can trade at any hour. No need to wait for a sports event and you choose the odds you trade at. You can target high profits with a small risk (like betting on high odds events) or you can target small profits with high risk (like small odds events that are almost a certain win).

In forex you decide your strategy and the time you start. You even decide the house edge, because the higher the number of pips you target with your Take Profit and Stop Loss, the lower the spread is (the house edge).

Another advantage of forex gambling over sports betting or casino wagering is the fact that you don’t play against the house. Your forex broker is not your enemy, but your ally. He gets his share no matter if you win or lose, so he will be on your side. Forex brokers love winning traders because they are less likely to stop trading and are generating higher profits on the long run.
If you are new to forex gambling and would like to give it a shot, check out some forex brokers reviews, sign up with a high rated forex broker and start gambling... or trading.