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Author Topic: Trading is not same thing as Gambling  (Read 8159 times)

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Re: Trading is not same thing as Gambling
« Reply #150 on: May 27, 2024, 03:58:57 PM »
Yes. I agree with you that trading requires skills but not all trading is just trading that is something else. If we talk about binary trading, it's pure gambling. You just rely on your luck and you cannot do anything else except wait for it to get closed. When we rely on luck only, this is gambling. Future trading is gambling as well, but you could still say that future trading requires skills and a trader has to do a lot of research before they open the position. I guess the reason behind people call it gambling is because of binary trading.
Binary trading is the same with gambling pure of luckiness when putting our order, but in trading is difference including skill and knowledge will get bigger profitable to earn than gambling just depend on luckiness with our capital loss if wrong prediction. In trading indeed little mistake with prediction some coins we still has chance waiting price recovery and earn much profitable later.
I think Binary trading must removed their trading words because its not like as trading usually, binary pure of luckiness depend and the same with gambling way.

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Re: Trading is not same thing as Gambling
« Reply #150 on: May 27, 2024, 03:58:57 PM »

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Re: Trading is not same thing as Gambling
« Reply #151 on: Today at 03:33:22 PM »
Gambling is for leisure
Trading is for income/profit making
Gambling is a fun matter, people gamble mostly through the games.
Trading is a serious matter, people do trading for a profession/job. True, they get profits in trading.

With these two then you could already tell on whats their main difference on which of course when it comes to risk level then this is something that you would really be able to differentiate and of course you would really be needing up to make yourself that determine on how you should really be gonna dealing with it.
The risk level is so much different. Gambling is surely higher risk, it even mostly depends on the luck only. The chance of success is not so high in gambling. It is different with trading, the risk can be lower if we have good knowledge. So, the key is about our knowledge, it determines the success. Even if no guarantee 100% but people who have better knowledge in trading, they always have bigger chance to be successful.

It would really be that impossible that you cant really be able to make yoursel see those differences and on how you would be needing to act according into it.
If we have good knowledge, we can understand how to trade in a proper way. We can consider many things if we have good knowledge. Finally, it can lower the potential of losses. People who understand how trading works, probably have good chance to be successful. This never happens in gambling.  ;)


 

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