Quote from: uswa56 on Today at 12:50:07 PM

Quote from: letteredhub on September 10, 2024, 03:14:12 AM

Quote from: Gooner0 on August 07, 2024, 10:21:48 PM

I wasn't really schooled in trading but i just followed what the others did , but along the line I've just realized that it is seemingly not different from gambling considering the fact that I've lost a lot of money.
Please, am I wrong in looking at trading this way?.

Well when you are not schooled in trading and decides to trade because someone invites you to get along then you particularly gambling and not trading because, trading demands you know exactly what you're doing, the trading decisions you're making have to backed by rational analysis and not by your guts or luck.

A lot of newbie traders would say same thing about trading similar to gambling when they're lacking the knowledge because in as much as you're lacking in trading knowledge you're bound to losing each trade and it's no magic. The advise is that you should consider to try to perfect your trading skills than just trading out of ignorance and liken it to gambling.

If someone trades without knowledge and does not have the slightest understanding of trading, of course what they do is very similar to gambling because only luck can give them profits and I agree with you, everyone who wants to trade, of course, they must be able to understand well what they are doing so as not to make mistakes that make them lose the money they use to trade.
Learning to trade and continuing to practice to have these skills is very important for everyone who is new to trading, because it is very unlikely that a person can successfully trade without trading skills.

Not really just that only in trading but also in other things as well on which you do really need a strategy and analysis on which this one would really be that something relevant or which you would really be needed because if you wont really be having such application of strategies then you are just basically doing gambling. You cant really just that deal up with these things without being prepared. This is why it will really be that recommended that you should really be that wary about on how reality works. Gambling literally does have that higher risks when it comes to this manner on which it is really just that right that you should be having this kind of approach that you shouldnt really be serious and really just that good for the sake of fund and entertainment which is really that totally different when we do talk about trading.

Trading will really be that considered to be gambling on the time that you arent putting any application of analysis on which we know that this is something relevant or something that you would really be needing.
This is why its really that up to you whether you will really be having that kind of approach or dealing up with things on which it would really be that according on how you would be acting from it.
Gambling is for fun and trading is for investment or soemwhat could be considered to be an additional income.