A comparison of spread betting and currency markets will answer the question to some extent: is forex trading gambling? Under this model you are simply exchanging different monetary units in pairs. The gambling element comes into being when you consider that you are effectively predicting what the final prices are going to be for all the units which you deal in.
According to convention the units are linked to 1 USD. That starting point is then spread to other classifications such as JPY, EUR, GBP and CAD. Is forex trading gambling by virtue of depreciation Joker Gaming? Given the economic vagaries of the world you will find that some units will fall down. For example Italy is in trouble at the moment and that is going to be problematic for the EURO.
Dealing with factors which are hard to predict
Everything associated with trends suggests a scientific model but we still have to put forward the question: Is forex trading gambling if you consider how brokers behave? This twenty four hour industry has all sorts of operations, some of whom are professional while others are unscrupulous. At the worst end of the market, there is rampant scalping in breach of trust.
Is forex trading gambling by virtue of the risk which it entails? A target level can be achieved using the stop loss mechanism but the problem comes when you are required to make arbitrary decisions based on this. Setting up your account can require as little as $300 but you have to create a strategy for dealing with variations in the environment as you work.
Margin calls are very difficult to control and that is where the doubts start to creep in. Is forex trading gambling by way of the leverage that is offered? Some people might wonder what the difference is between the casino bonuses and the leverage which is given in most operations. That might perhaps suggest that there is a lot more gambling going on than we care to admit.
Cleaning up the industry
Admittedly there are lots of efforts to clean up the industry. Is forex trading gambling due to negligence? An egalitarian approach to regulation has ensured that pips are at the whims of personal morals. However each state will put in place some restrictions at least for the protection of consumers.
In the final analysis we can safely say that some of the techniques which have worked well for gambling can be applied to currency trading. Is forex trading gambling regardless of those assertions? It all depends on your ability to restrict your instinct for addictive operations. That means that personal responsibility is an important fact.