Topic: Isn't trading almost like gambling? - page 5. (Read 1547 times)

Recovering $5,000? It's possible that he will use a huge capital to recover it. He can if he's lucky enough. I mean if he wins on a lotto then he can recover it in an instant.

It is almost like gambling, it is right. Of course, some traders who claim they are experts will never say yes but for beginners, that is meant to be, they rely mostly on luck like gambling. What to expect from a novice? They just know the basics, have less experience, and low level of TA, it was certain that they were asking for some market favor and being lucky for their calls, and the chances are the same as they gamble.

There is a big difference in meaning but some approach seems to be the same. Unless you have enough knowledge and skills. In fact, for some people gambling is not an entertainment anymore but a source of income.

Today I visited a friend who is a forex trader, according to him he trades on the USD, gold and BTC and I normally don't fancy the idea of trading because it appears a bit complex for my understanding and from my little knowledge, it seems as though trading is almost same as gambling because at the end of your analysis you're not sure of the outcome of the trade since it's basically a short term adventure and the volatile nature of most traded items depict it to be uncertain with time.

He has lost almost $5000 dollar in course of his trade and he is still positive that he is going to recover all is lost money back in his next trade. I don't really know how trading works that much cause what I have learnt and I have been used to is to Buy a certain asset like the BTC or any valuable asset that will appreciate with time and HODL it. I know that this strategy isn't for someone of his kind that's basically looking for any immediate means of doubling his income and so long term investment won't necessarily seem a good idea for him.

My question is, isn't trading almost like gambling considering it uncertainty and also looking from the fact that he has lost a fortune out of trading within a short space of time?

Is it possible for him to easily recover his money back or is losses like that very much a part of the trading experience?

Really that not hard to make up such comparison on which simply sticking with the main idea.

1. Trading = investment/income source
2. Gambling = leisure/entertainment

My question is, isn't trading almost like gambling considering it uncertainty and also looking from the fact that he has lost a fortune out of trading within a short space of time?

Is it possible for him to easily recover his money back or is losses like that very much a part of the trading experience?

Trading and gambling are very similar but they're not the same thing because they're different. Gambling is a game of luck but trading is based on experiences. A trader that has been trading for a longer time and has alot of experience from both the winning and losses that he has had will do better than a novice that's just begining to learn how to trade cryptocurrency but a newbie gambler can be lucky and win over a gambler that has been gambling for a longer time. There are many activities that have uncertainty, trading and gambling has some similar qualities as you can't predict what the result of your bets or trade will be but you have a higher possibility for becoming successful from trading than gambling when learnt properly. Trading success can be repeated many times but gambling can't.

My question is, isn't trading almost like gambling considering it uncertainty and also looking from the fact that he has lost a fortune out of trading within a short space of time?

Is it possible for him to easily recover his money back or is losses like that very much a part of the trading experience?

Trading and gambling can both drag us down into zero if we are not knowledgeable on what we are doing.

Not because people are losing down to zero meaning they are gambling because in every investments there are losses so meaning everything is gambling? so why do we need to trade when this is a complete gambling?
never lead your way into wrong perception meaning don't just jump into conclusions when you did not even experienced being a trader because you are just giving your observation but not an experience, because indeed that you can lose in trading but at least the risk is very little than what you can lose in gambling that mostly just pure luck even how hard to studied (not unless this is sports betting that has skills and knowledge)

Is it possible for him to easily recover his money back or is losses like that very much a part of the trading experience?

Actually gambling and trading those are two different things it will be wrong if we mix up these two's. Gambling completely depends on luck on the others and for trading I mean for gaining profit in trading you have to be a skillful trader you have to know how to analysis the prices the candles of the chart. Even you have to no the regular updates and also the fundamental knowledges. So based on this things we can't call trading is almost like gambling. But those who do trading with emotions don't know much about the market and the analysis we can say they are trading is like gambling.

...My question is, isn't trading almost like gambling considering it uncertainty and also looking from the fact that he has lost a fortune out of trading within a short space of time?

when you trade not with skill and knowledge, then you trade like a gambler who bets with his money.
but when you know and understand trading, then you will know the difference between trading and gambling.

trading is not an easy matter. Your friend must be diligent to be able to return the funds he has lost in trading. and I don't think it will be easy and it won't be in a short time.

Trading seems a lot like gambling to me. I may be wrong in the opinion of many that's why I apologize first but I have observed many traders who have come here and lost everything and many have gone from zero to the top. I have also seen many people lose everything and then get it back which is unimaginable. So for the above reasons trading seems like a gamble to me but trading can never be a gamble.
To recover lost things after losing everything he had to be very patient here. My knowledge in trading is almost nil but from my observation, I say it is possible to move up from here too but one has to utilize time and opportunity one has to be patient.

Pretty much yes. Especially if you rely on only technical analysis then it is not really any different than throwing dice. When you use fundamental analysis, then trading becomes like sports betting. You have some data you can study and make educated decisions based on that data. It still won't make you a trading expert because if it were that easy everybody would make the winning decisions and nobody would take the losing trades. As you quickly realize, it is somebody else's money you win when you make a successful trade. Just like how it happens in gambling.