There are many gamblers that can gamble just to have some fun and make money in the process and there are some that focus on gambling only to make money so I would like to ask such people a question.
would you prefer to gamble in a casino and make some money or learn about futures trading and make some money?
Which one do you actually find to be more easier and I believe that futures trading is also capable of giving someone life-changing money but which one do you believe is less risky than the other?
To differentiate between gambling and futures trading I would consider both risky. Because when I gamble for income in a casino there is a lot of risk if I bet. Most of the time when betting in the casino it is possible to win a few bets but then most of the time the bet is lost. And many times in casinos, if someone wins big money, he becomes a big man and can change his life. On the other hand I think futures trade is more risky because when a person starts trading futures there is more chance of losing money. But not as risky as it is in risky gambling, it is often seen that if money is likely to be lost, it can be recovered by losing some money. Again, many times it is seen that a lot of money can be gained by trading futures, so the difference here is that when there is a possibility of liquidation in futures, if there is more money added, it reduces the risk of losing money. In that case I think Futures trade is a bit different as there is hope of some money in futures trading but all money is lost if you bet on the casino platform.
It is okay for your gambling to be systematized as you do on trading, but you cannot put our gambling practices into your trading. Otherwise, you're doomed to lose. Because in trading, there is a professional standard that you have to meet to become profitable. You get to follow rules, you get to heck your psychology, and maintain and regularly check if your strategy is still working. Unlike in gambling, you just need to bet. Let the luck play it's role on your gambling.
Both have immense risk One wrong click. One wrong type or added zero, you're likely to lose all your money.