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Does Forex Trading Means Betting(confused) - Business - Nairaland

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Does Forex Trading Means Betting(confused) by Mywd: 7:59pm On Jan 16, 2020
Please i want to start trading so i am so confused, coz i dont want to involve myself in betting cry..... Forex traders please answer

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Re: Does Forex Trading Means Betting(confused) by Mykel51(m): 10:22pm On Jan 16, 2020
It is not...only people who don't have the required knowledge to trade and have lost to the markets say it is....Forex refers to the foreign exchange...the systems of currencies globally. Does that sound like betting to you ?

Also, if you don't have the required knowledge to trade, don't trade else you would lose all your money to the markets. Get the knowledge, become a trader, then you can trade. It is a profession. If you do a doctor's work without going to med school, you would fail at it. The same applies to forex.

Also, if you have any more questions for me, send me an email through Nairaland...I won't respond to questions asked here

Cheers
Re: Does Forex Trading Means Betting(confused) by Mywd: 10:41pm On Jan 16, 2020
Mykel51:
It is not...only people who don't have the required knowledge to trade and have lost to the markets say it is....Forex refers to the foreign exchange...the systems of currencies globally. Does that sound like betting to you ?

Also, if you don't have the required knowledge to trade, don't trade else you would lose all your money to the markets. Get the knowledge, become a trader, then you can trade. It is a profession. If you do a doctor's work without going to med school, you would fail at it. The same applies to forex.

Cheers


Thanks sir/ma

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