Quote from: rachael9385 on March 06, 2025, 07:55:42 PM

Quote from: Joy- maker on February 20, 2025, 11:29:18 PM

I have gone through many threads in this forum and other forums and I came to understand that, alot of people in this forum and othe forums are still confusing trading to be gambling, which is very wrong, though they might look thesame, but they are not, even for the fact that it has to do with staking of money, gambling and trading are two different thing.

Gambling is said to be the process of someone trying to predict how a particular set of games will play, either in casino bet or any other bet, in other for the person to stake a particular amount of money and wait for the games to play, if the games play according to the person's prediction, then the person will win the games, but if the games play the other way round the person will lost the games.

And in gambling you have to watch the games play or you check the play result.

In gambling you can cash out when you see that the amount of money you staked has increased, that is if the games are no longer play according to predictions.

Now let talk about trading, trading has to do with buying and selling of assets in the crypto market, within a short period of time, either within a minute, an hour or in a day.

In trading you have to get full knowledge about the crypto market, in other for you to carry out technical and fundamental analysis before you can be able to place a trade.

In trading you monitor the crypto market to enable you make quick decisions and react to the market fluctuations.

Only people that are not properly enlightened would think that gambling and trading are the same thing. Gambling and trading both involves predictions but trading isn't just about predicting something that you are unsure of, in trading there are lots of informations that you need to get, it's something that takes time to understand because it's a school on its own and overtime when you become grounded it becomes a very valuable skill. Before placing a trade there are so many things that you put into consideration. This is something that you can make more profit from than losing like gambling. All you have to do is follow the direction of the market.

Some folk associate trading with gambling in my opinion this may not be the right consideration because the consequence of gambling is that the amount of money you bet or gamble with is lost, which is impossible to get back. Responsible trading protects your capital and maintains a positive trading attitude due to the constant flow of market conditions. There is no possibility of losing your invested money at all. If you apply your trading experience correctly and analyze the market and execute buy and sell then your goal can be achieved.

You need to allocate a lot of time for trading. Money can be stacked in the market for a long time, its may not be part of your plan and long term lose. The amount of your money allocated will be gradual and consider investing it every week or every month from alternative income for long.