Quote from: rachael9385 on March 05, 2025, 12:43:05 PM

Quote from: Suzume on March 02, 2025, 02:14:40 PM

I used to be involved in gambling but after facing huge losses I left it now I am involved in trading for a long time which is known as binary trading and I have been very profitable. But I have something to know here do you agree with trading and do you not support binary trading I should leave binary and move to crypto or forex.

Trading is not going to be any different, you will also incur losses in trading depending on your application of risk management and knowledge. I wouldn't advice anyone that's recovering from gambling to start trading, even if you plan on doing it give yourself a little break and enough time to discipline yourself. If you go into the market with all of that energy and regret you might end up losing x2 of what you lost in gambling. If gambling is something you quit recently don't start trading right away, learn first and develop your strategy, build focus and consistency. Anything you intend to do just try to gain knowledge first.

I agree that for someone who is recovering from gambling, to start trading is a bad idea. Following your answer, even in the case someone learns the fundamentals, develop a solid strategy, etc. there is always a component of chance, like in gambling, and the impact of that component can't be neglected in most cases (unless your strategy is being a broker or so instead of a trader, who wins money regardless of what happens in the markets).