Forex trading is in no way close to gambling, when people start trading Forex, their goal is to get as many payouts from their trades as possible and turn initial deposits into a massive account balance. While this is a perfectly reasonable plan, it can sometimes lead to greed. And in trading psychology, greed is one of the worst enemies of trading.
Motivated by greed, traders tend to take blind chances, instead of calculating their every step. This is the main reason why some people associate gambling and Forex with each other. In gambling, the chance and randomness are the underlying forces of every game, whether it’s slot machines, poker, or blackjack.
However, even in this sense, there is a big difference between gambling and trading Forex and that difference lies in probabilities. In gambling, the house always stays one step ahead of its players and wins in the long run by turning the odds to its advantage. In Forex, however, there is no house; instead, traders are their own “houses” - they can use various techniques to flick the odds in their favor.