I want to know what you guys think about this, I have stopped gambling but still trade so does this mean I am still gambling?? I don't trade on basis of luck I trade using my skills would it still be considered gambling??
Please tell me what do you think.
Yeah trading is also a gambling. I think anything that involves money and have risk is a gambling. When I first started trading, my friend told me that "Bro, trading is also a gambling but in a legal way".
If you invest your money without the knowledge of a coin or any other product then it is similar to gambling because you're just doing a guessing investment by thinking that product price will go up. But if you study the market and pick up a right coin or a product to invest then it is called a high-risk investment and it is not exactly gambling.
Better you just said, there is no solid difference line between gambling and trading because many people just say, they have more common things. Like in trading, you dont know what is coming ahead and same is the case in gambling and many other reasons and urges. But one thing is undisputed, as you said, if you are well known about your coin and market, definitely this is not gambling.
It is not exactly like that. Trading and gambling are two different things. Gambling is a game while trading is a profession. Now some people will come with the dialogue that whole life is a game then it is a total different perceptive.
Trading is buying something at a low cost and selling it in a greater value to earn the profit and it all depends upon the manipulating skills of the trader while gamblers dont have the opportunity of using skills.