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Cryptocurrency Trading / Re: Trading is not same thing as Gambling
« Last post by milewilda on Today at 07:15:24 PM »Everyone starts on being a noob on which on the t ime that you would really be touching up trading without having that entire knowledge then you would really be definitely be having that common newbie mistake whereas you would really be finding out those real things on what are the needed up for you to be able to handle yourself towards this space. Trading isnt gambling, it would really be turning out tobe gambling on the time that you would really be that doing trading without having that proper knowledge. On the time that you would really be having that knowledgeNewbies don't have much idea about this so they can't think and trade like experienced traders. But now as there are many mediums of learning so a new trader should first learn about trading well and then engage in trading. Maybe a new trader can start trading with a demo account first and practice there. With a small amount of money, if he applies practically, he will get a rough idea of the business and he can gradually learn from the rough idea and continue his trading well as he learns. Risk must be taken because if there is no risk then we will always have that fear and we will never gain proper knowledge about trading.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
then its an another story.