Casino or forex.

Forex traders are generally gamblers, somewhat similar in nature to casino players. But what are the similarities and differences between these two sources of income?

At first glance, it seems much easier to play at a casino, especially roulette and slot machines. However, there are many games that require not only knowledge of complex rules but also sophisticated strategies.

It's the latter that often becomes a stable source of income; one of my friends has been able to pay for his apartment in Moscow for several years thanks to his poker winnings. The most interesting thing is that he hasn't achieved similar success in forex trading.

In fact, forex trading and casino games have quite a bit in common, but there is one key difference: luck

. Luck.

If you get dealt a bad hand in poker, you can't change the situation, much less predict it. In a casino, it's impossible to predict; there are no fundamental factors, and the strategy is based solely on unreliable statistics.

While in a casino, almost everything is based on luck and its proper use, forex trading is dominated by cold calculation and knowledge of the intricacies of exchange trading.

Complexity.

Many casino players are intimidated by the complexity of forex trading, completely forgetting that there is such a trading option as binary options .

In its simplest form, you only need to select two or three possible trade outcomes, betting on the exchange rate to fall, rise, or remain stable. Trading takes place in a web terminal, directly on the dealing center's .

The chances of winning are 50-33%, a high probability that gives hope for success.

Profitability.

If you simply compare the bet ratio and the bet size, it will definitely be higher in a casino. However, keep in mind that winning rarely requires just one or two bets; winning is always preceded by several unsuccessful attempts.

Therefore, you should evaluate your profit over a certain period, for example, a month. Here, the situation changes dramatically. If the program includes the top 20, the average profitability of traders is 120-150% per annum. Try to find even one player with a similar result.

Reliability.

This is a no-brainer: most dealing centers insure their clients' funds with international insurance companies or have their own insurance funds, possessing all the necessary licenses and permits.

Casinos, especially online projects, are mostly illegal companies that can disappear at any time.

And withdrawing profits (winnings) is a separate issue. I personally withdrew $19,000 from my InstaForex broker . Which online casino player can boast a similar result?
After all of the above, it’s not difficult to draw a conclusion: if you want thrills, play in a casino; if you want profit, trade on Forex.