Quote from: Futurexxx on March 29, 2025, 01:24:55 PM

Quote from: Hatchy on March 29, 2025, 12:48:12 PM

Quote from: Charles-Tim on March 29, 2025, 12:08:39 PM

Quote from: Agbe on March 29, 2025, 11:01:19 AM

1.With trading, there is potential for traders to generate significant returns in a short period of time by capitalizing on market volatile

The reason some people called trading as gambling is because of the risks it has. Trading is very risky to the extent that almost all traders are losing. It is better for some people to avoid trading and be patient and invest in bitcoin when the price has already fallen significantly than to trade and continue to lose. Although, some people are good traders but they are not many.

Almost all? I'll assume you mean 25% of traders are profitable while the remaining are still trying to archive consistency.. if you put it this way, I'll agree with you but not almost all traders are losing. Yes even big traders also loss to the market as well. It's a continuous circle. You give and take, the market also gives and takes from you.

what differentiate a profitable trader from a non profitable one is that he is able to minimise his loss over time and maximise his wins. One good trade can literally cover up your losses. That's why traders employs risk management plan.

Wetin you talk here no be lie, in as much as most of us dy here dy complain this or that say trading dy dangerous and risky, people still dy make am from am on the steady, because I know two to four people wey trading nai be their full time job, even though e no good to depends on trading alone, you need another source of income, so that you no go enter trade when you no surpose enter base on say you need money chap chap.

One major reason wey dy make traders lose money is that, them dy mostly enter trade blindly, without having a proper knowledge on technical and fundamental analysis, once them just watch one or two videos for YouTube, them go just conclude say them don Sabi, when the losing don dy on the steady, them go begin say trading be like gambling, wey I know say na lie, knowledge and self control is needed to succeed in trading while in gambling na just based on luck.

For me trading na advance gambling wether we like am or not because you no go know until you put your hand involved. The most annoying thing na when all those traders dey claim say dem be expert and dem get super channels wey if you join them you go get better signals and before you know people go still join them and then lose my money well well for me I just believe say trading na gambling and if you join am na loses you go get at the end.