Quote from: Wiwo on February 16, 2024, 05:31:15 PM

Quote from: Woodie on January 25, 2024, 05:51:01 PM

Quote from: fingnome on September 28, 2023, 10:02:02 AM

You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk.

I believe you got this broker thing all wrong!!

From my experience from using different brokers, if you looking for tight spreads when it comes to executing trades..most likely you will encounter commissions which will be higher as a service for executing a trade or using their platform, and btw depends on what assets you trade, but it doesn't cost an arm and a leg and if you don't want to miss trades, or not tagged into a trade better pay these small fees!!!

As for gambling, it's usually based on what you see is what you get but unfortunately, the risk here is high but at the end of the day pick something that works for you!!!

Gambling is far different from stock brokers or forest trading as we can have bit trading and so on but in gambling there is nothing like that, and to win a game it depends on you and your luck, but in trading, we can still have some tools that are available to use in other to get advantages over the trade at all time.

So for that, we need to give space to build that understanding of the difference between the two and not to get too much entangled with much comparison that will make us to miss out on things.

Your points are good, but we can still further argue the subject out based on the context of your narration. In both trading and gambling, we need luck, only that the level of luck we need varies, and that's if we want to view the expression called luck as existing at all. I must say that many times in my trading experience, there are instances that I could truly express that luck was at work for me, so it exists too there. Take, for example, a trader who analysed the market quite well and opened a buy position with 250 pips take profit and 100 pips stop loss. But suddenly, the market started moving against him abnormally without a valid reason, and for this, it (the market) changed the short-term trend to bearish, which is against the position of the traders. After some times of scary movements against the position, the market now almost hit the stop loss having moved 99 pips of it and remaining just 1 pips to hit it and close the position at a loss.

But suddenly the market could not proceed further with just 1 pips to hit the stop loss but just threatened for hours but still couldn't hit the level. Due to this, the trader could have just taken heart and abandoned the trade and closed his gadget believing he had already lost with no more hope. On getting back to the chart after hours of closing the gadget, he now met the trade in huge profits. I see that as luck and something similar had happened to me many times in trading. Also, the sports betting aspect of gambling could be likened to trading. The two are not so strongly the function of luck but expertise. This is especially true if we limit it to the buy/sell in trading and lose/win in gambling. It's the casino aspect of gambling that is so reliant on luck, even though the expertise in trading will still yield better results than the expertise in gambling.