Well, to start with, not all of the people think that trading is gambling.
I personally think that only ignorant people think so. Such people know nothing about the economics, they have no idea how the markets work. THe only thing they see when it comes about trading is a guy who sitting at front of the computer, looking at the charts and clicking buy/sell buttons. They are unable to see behind the curtains and they don’t know anything about the process of making trading decisions because of the fact that it is next to impossible to show in an entertaining manner. Surely, if such people watched some tutorials or introductions to trading, they would understand that it is just a certain activity on a certain market which can bring profits or losses.
So, those people who have too shallow knowledge about economics and tradings usually think that trading is just a sort of gambling and nothing more. However, the situation is absolutely different when it comes about educated people who are interested in economics and markets.
First of all, not all of the people think that trading is a gambling.
I should say that the vast majority of people who think that trading is a sort of casino don’t really understand what forex is. I mean that I have never met people who have degrees in economics and who claim that trading is gambling. So, basically, such a perception comes from ignorance. Usual people just see the outer facet of trading when traders open or close the deals and gain profits. However, it is next to impossible to show all the process for making trading decisions in an attractive way. That is why in most of the cases people come to the forex with the strong idea in their heads that trading is easy and it is an unlimited source of money where everybody can gain huge profits.
I agree on the note that trading without having a plan is not going to take us anywhere. It would only make us lose money. Many people think it is gambling since they do not really dig into it. I personally do not like telling people about my trading life.
many traders do gamble, especially first year of trading as well as loosing money small or big. I would recommend start trading demo while you learn principles how things work in this kitchen. Trading trade is learnt by doing.
Trading is not gambling.
But it is betting.
Forex isn’t gambling but many people think so just because the market offers unlimited profit earning opportunity.
Forex isn’t gambling but many traders adopt gambling technique to yield more profit within a very short time. I don’t support gambling technique.
@MithcelRobert agreed mate, trading is not a gambling but many traders follow such techniques which end up making them into losses.
Some traders adopt gambling techniques to enlarge trading profit but I don’t support gambling.
If 99% of traders think “trading is not gambling” - If 99% of people believe technical anaysis & fundamentals = success and trade that opinion & still 99% of traders lose money then ;
that belief system is 100% WRONG !
Well said!!!
Thank you so much for sharing.
Don’t go for gambling because it sometimes enhances trading profit and sometimes cause a big loss and it’s never a good way of trading.
Some people think that trading bears a strong resemblance to gambling. There are several reasons for this, but most importantly, sometimes you have to trust your intuition and make decisions accordingly when you are not sure what to do. Basically, you entrust your funds to fate in this case and hope for the best, therefore a lot of people thinks it is the same as gambling.
Generally, people adopt gambling techniques to earn profit in one attempt. But I prefer not to do this.
Every trader should hanker after earning more and more knowledge because it is beneficial for them. A reliable broker can make your trading easy.
Trading is not purely based on luck and involves using research, analysis and strategy, whereas gambling is typically seen as relying purely on chance.