Online gambling or forex trading?

Posted by patycop on January 12, 2013

In my opinion, forex trading and gambling are not the same thing. Some people might disagree, but I would say comparing forex trading to gambling would be like comparing a wall street trader to a blackjack player. After all stock trading and currency trading isn’t that different – the basic principle is still the same. That said, I don’t mean to say that I dislike any of them, I actually do a lot of online gambling as well as financial trading. In this article I want to try to go over some of the pro’s and con’s of them both. Lets start with online gambling.

If there’s one thing I really like about online gambling, it’s the excitement. Few activities can get me as thrilled as I get when I’m gambling. I love sitting by the roulette wheel with a few bets on, feeling the suspense build up within me as the ball is rolling around the wheel. Whether I win or lose sort of comes in second hand, as I never gamble for any serious money. I’m really only in it to entertain myself whenever the mood strikes.

Another good thing about casinos is the fact that they are so diverse. You can go to any online casino these days and choose between literally 100 of different games. My favorite game is the slot machines, although I do play other games such as blackjack religiously as well.

The downside of online gambling, I have to say, is that you  always seem to lose more than you win. More often than not you find yourself with an empty casino account by the end of your session, and that’s the time to stop.

As is started trading on the forex market I soon realized that the opportunity we have to predict the outcome of future trades is much greater than the chance we have to predict the outcome of a spin on the roulette wheel or on a slot machine, and this is the main difference between forex trading and gambling. There is an interesting article on this on a FX blog that I continuously visit.

Although not as entertaining as casino games, forex trading still offers a great deal of excitement and thrills, as you can never fully know whether your trade will be successful or not when you make your investment.

If you want to find out more about trading on the forex market, there are several websites that are helpful. As I native Spanish speaker, I found the site cotización de divisas extremely helpful, as it has a lot of guides and articles for beginners in the trading world!

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