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.
It could be said it is a gambling, if you put a profit on the base of luck and not based on analysis. While trading requires analysis that makes us know the price will rise or fall. Trading is not a gamble because movement can be predicted using fundamental analysis (based on economic events, politics and other news) or technical (based on mathematical calculations). Trading is Legal accordingly, therefore most large companies and institutional institutions also trade.
And trading is not an entertainment unlike gambling that can also be considered as an entertainment especially when we are playing in games
that heavily rely on luck in order to win. That is the big difference, I would trade to make money but I do gamble to have fun since the chance is lower.