Quote from: Antotena on January 04, 2024, 05:43:53 PM

Quote from: Brainiac01 on January 04, 2024, 09:03:55 AM

From my own side I go talk say the two of them na actually prediction because even after you dn run analyses you no really dey sure of anything. I dn ask people wey dey into forex but some dey claim say e dey different. If you get idea about the two i go like know if anything really dey different for the two of them

If you concluded that bet9ja, sportybet or gambling in general is the same thing as forex, then I will assume you don't know forex or you know gambling but don't understand what forex trading is all about.

Gambling is making predictions with a platform and with this predictions it comes with a stake and that stake is what you lose to get what you expect. If you stake something, it gives you or gives nothing, you can stake your house for example that bitcoin will reach $50k before the end of this week but know that your house has become more like a collateral stake that will give you more than what your house worth. If bitcoin price reach the amount agreed, you will be return a heavy amount of money that can give you 20 times the value of your house by the company you stake the house with but if bitcoin fail to reach that price, you are going to lose your house.

Similarly forex is just like trading, you buy an assets with hope in mind that the price is going to appreciate later in the future. Just like I use a house as example, I will do the same here. If you decide to buy a house today for instance for $50k and you an to resell it in the future for 2 time the money you used to buy it and after some years, it yield more than that amount, the you get more profit from your investment but if some unforseen circumstances happen, the price may fall below what you bought it but if don't sell, you haven't really loss. What you have in that moment is unrealised loss, you can still hold until when the price appreciate again to make your capital and profits, this is what gambling doesn't give you.

However, forex has option of trading that looks like gambling which is margin trading, that's what most people does in forex and because they know nothing about it, they lose their trading funds most of the time.
Margin is like betting that price of an assets will appreciate later in the future, it's like a contract between two people that something will happen and this between two opposite traders, one is betting that it will go up and the other is betting that it will come down. Any of them that happened later is who will win and the other person with opposite predictions for home with nothing, that's basically how margin works. Gambling and trading is never the same.

To me you’re practically saying the same things but using different word play in both contexts …. Both forex and betting comes with a stake …. Something is always at stake … you’re putting something on the line with hopes that the odds play in your favour …. They both deal with analysis and prediction… so to me I’d say they’re are cousins😂😂