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Cryptocurrency Trading / Re: Trading is not same thing as Gambling
« on: May 01, 2024, 10:58:15 PM »Gambling is a luck based game and gambling is an entertainment place but trading is a place of earning money. if someone want to invest in trading then they must have good trading, analyses, research skill but who don't have those knowledge they just trade based there luck and they believe trading depend on luck. so you have to believe that trading is not for everyone.A beginner just relies on luck because they don't have the knowledge to do research and make analysis, it's natural that in the past I just looked for news and followed my friends' steps when I was a beginner. And after that, just start learning to do research, this is a process. so it takes time to become a great investor or traderI keep seeing this type of comparison all the time and everywhere. I think its quite obvious that they are not the same but for some reason it must be "feeling" same to some people. If you are not using TA or FA, if you are not reading the charts, if you are not putting your entire trading knowledge into each trade, then yeah you may feel that way. Still doesn't mean its gambling, but a newbie just randomly picking something may feel a little bit like a gambler. I believe that as long as we get to just have a positive return or at least potential to it, the lack of house edge alone makes it quite possible for you to be fine.
Its true, any activity where a newbie jumps in and just hopes for the best can feel a lot like gambling. Its about luck for them at that point kind of like playing the lottery. If you're not looking at charts or putting your knowledge to work I can totally see why it might feel more like a gamble. But processes that you can control or predict more than 80% can hardly be considered random