Question -

Are gambling and trading the same ?

8 Views
Dustin Smith
Answered 3 years, 4 months ago
<p id="isPasted">People often liken trade to gambling, but the comparison is not quite right. The two concepts, however, share a few common points. When you understand what makes trading different from gambling, you'll get a much better idea of what it really means to be an investor.&nbsp;</p><p>People who are successful in the long run with trade are not "fortunate". . No one can be consistently lucky, and no one can say that they are professional craps or roulette players. Successful traders follow a proven strategy and are consistent. That's why they can see steady results and net earnings more than …</p>
7 Views
Ryan Childers
Answered 2 years, 9 months ago
<p id="isPasted">That is untrue. Financial market investors are merely speculators who are successful at their trades. Gambling and investing/trading share some similarities, but otherwise, they are quite different activities.</p><p>Gambling and trade can be distinguished by the variation in risk and return. In the stock market, yield may outweigh the risk, however, in the gambling industry, danger outweighs yield. In contrast to gambling, where you can only be a buyer, the stock markets urge us to be both buyers and sellers. Because they invest money in stocks without understanding or analytical skills, the aforementioned individuals primarily lose money on the stock …</p>
6 Views
David Hunter
Answered 2 years, 9 months ago
<p id="isPasted">This is a simple misconception.</p><p>People unfamiliar with trading do not understand trends, cycles, trader psychology, price action, money management, etc. Thus, they draw conclusions based on what they misguidedly believe is a close comparison - gambling.</p><p>It is easy to understand why they draw this conclusion after examining the many stories and myths about people who have lost and won everything in a trade.&nbsp;</p><p>Trading is hard, as I have said a million times. Many people don't want to work at it and claim that the stock market is just gambling. There is a mistake.</p><p>People would change their …</p>
5 Views
Thomas Ball
Answered 2 years, 6 months ago
<p id="isPasted">No, gambling and trading are not the same things, although they share some similarities.</p><p>Gambling is the act of playing a game of chance for the purpose of winning money or other prizes. It involves placing bets or wagers on an uncertain outcome, where the results are determined by luck rather than skill. Examples of gambling activities include slot machines, lotteries, and casino games like roulette, blackjack, and craps.</p><p>Trading, on the other hand, is the act of buying and selling assets with the aim of making a profit. Unlike gambling, trading typically involves analyzing the market, evaluating trends and …</p>
4 Views
Charles Farley
Answered 2 years, 6 months ago
<p id="isPasted">Gambling and trading are not the same things, although they do share some similarities.</p><p>Gambling is generally seen as a form of entertainment and involves wagering money on an event or outcome with the hope of winning more money. The outcome of the event is typically determined by chance or luck, and there is usually no skill involved in the outcome.</p><p>Trading, on the other hand, typically involves buying and selling financial instruments such as stocks, bonds, and commodities with the goal of making a profit. While trading also involves risk, it is usually based on analysis, research, and market …</p>
3 Views