Quote from: finaleshot2016 on Today at 08:29:25 PM

Quote from: gunhell16 on Today at 12:45:05 PM

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

>well am no fan of Gambling, due to my experiences in the past, I decided I would quit gambling.
But just few months after I quit Gambling a friend of mine introduces Trading. I mean I was captivated. I really wanted to make money.
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?.

Who am I to say that your opinion is wrong, of course I have no right to tell you that what you say is wrong, that's your belief. But it's not bad to remind others, right? This matter has been discussed for a long time and until now it has not been resolved in reality.

Maybe that's because there are still others who say that trading and gambling are really the same in the reality of life we face, maybe it just depends on the narrative
that others hear so that they can say that there is no difference.

True, at some point his perspective is valid and some other people thinks the same like him. For some, both have no differences, but it will always depend on the situation or how you act in trading, what is behavior. But of course, they should also know that if you're trading with lacking some fundamentals of it and don't know how market works will just be similar to gambling, like blind trading to some good stuffs but don't have any analysis or goals to when is the right time. Gambling is luck-based while trading requires skills and brain in order for you to minimize the risk and have some profits, the reason why his perspective to trading is gambling is because maybe he's blind trading or clueless on what he's doing or maybe his fundamentals and knowledge is not enough to sustain his trading activity.

Totally depends on how you do act or on how you do treat it up, because on the time or moment that making up some trades without applying any analysis or having those kind of plans then it will definitely be considered as gambling. We do know that we are dealing up with unpredictable market on which that alone does signifies that its risky that you do just simply making up some guess on where it would be going but since there are some various existing ways or methods that you can make use into then it will be considered to be a valid analysis or strategy on which it do lessen up the risks and cant be considered out as gambling, but on the moment that you do make out some trades without any basis and just picking up a position on which you dont even know on what you've been doing then you are just basically doing gambling in the first place. It wont be that hard to distinguish on which you would be just that needing up to make use of that common sense then you can be able to determine on which one do impose up that risks. Trading could be only that becomes gambling is on when dealing up with futures or having that high leverage trades. We do know on how risky it would be but surprisingly there are those newbie traders who do want to deal up with it. Later on they will be ending up on crying that they shouldnt have done that because they have lost tons of money just because they werent just making use of that their common sense in the first place. Learning up trading skills wont be simple and it does takes up time and tons of effort before you will be able to achieve out such skills. There's no need to hurry because once you do have that kind of impatience then you are that prone into tons of mistakes and this isnt something recommended on this case.