I have noticed that people are advised to gamble with 2% of their income while some said the advised amount to be used for gambling should not be more than 1% of their income.
This is said to prevent people from the dangers of addiction, we all know that those that abide by that rule is also not more than 1% of those that hear it.
Trading is not gambling but it is very risky also because most traders are also losing. But with small right strategies and patience, losses can be minimized while profit can be achieved.
Yes, they are different, both of them are risky, and not to forget, before you can really be able to minimize risks and achieve considerable profit in trading, a good skill and experience in it should be achieved, else your losses would be great
People think the right strategies starts with the percentage of money used for trading from their income
It is wrong, percentage of money used for trading has more to do with minimizing risk rather than strategy.
What percentage of someone's income do you think is advised to be used for trading?
less than 5% is fine, it is a risky activity and as such I would always approach it with what I can afford to loose.