Post
Topic
Board Trading Discussion
Re: Can trading be likened to gambling and how so?
by
distr@yopmail.com
on 08/08/2022, 13:47:55 UTC
Yes and No. Yes because in trading, there's a small element of guessing. No because, In trading the odds are not against you. In trading you can make 90% accurate prediction having acquired sophisticated knowledge of the asset and market, Trading doesn't depend on "luck". You really have to put in the work and do your own homework.
Agreed, the small element of guess could be right as well as wrong. Depending will be the profit/loss. With trading too luck plays it's role when you go with some unpopular project investment. Some gets lucky to make the best out of it, sometimes the same causes big loss. So, luck factor also makes a connect with trading which is part of gambling.
I don't think trading is the same as gambling.
In trading, it is we who will determine the profit or loss. if you want to get out of a trade you made at a loss of course you do it on your own. it's not a matter of luck or a guess.
In gambling, when you place a bet, you have no control over your bet. It is the results published by the bookie that will determine your fate whether you will win or lose.
I guess the two are completely different.