Exactly we can increase the possibilities of chances of profits than loss in trading with knowledge, strategy, analysis and understanding but in gambling one can’t increase the possibility of winning by knowledge or any form but just luck that why it call gambling, as the name might implies.
Yep, it is difficult to increase the chance to win if it mostly relies on the luck. I know some gambling games are skill-based games, but the luck factor also has the role in those games. So, luck is the main factor in gambling. It is quite different with trading because trading mostly relies on knowledge (trading ability). Experience also has a role here, but the knowledge is the main factor.
If one can increase possible chances of winning then many might have been in gambling with all their life savings but it don’t goes that way it all about luck and little understanding, trading is far different from gambling you need knowledge to understand many things in the market and make a profitable entry’s and avoid loss and not only knowledge many little things add to it for example technical, fundamental analysis, economical news headline and more.
Sure, knowledge is a must in trading. Meanwhile in gambling, people even can play it without having good knowledge about the games. Slots is one of the games that people can play it although people just know it. However, for the games like Pokers, people must understand it firstly. But it is not only about skills, to win it we must have good luck as well. Meanwhile in trading, it is all about the ability. Yep, we must know both technical and fundamental analysis. We also need to update the news/issues related to the coins and crypto space.