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[Razor1911]

There is misconception among the traders, that trading and gambling are same. And there is reason to believe this too. Since both of them have high risks involved, hence it is normal for outsiders to think that both are more or less the same.

But when you actually indulge yourself in forex trading, only then you will know, that forex is much more professional than gambling. Forex trading is well recognized market where people trade and earn with professional skills, unlike in gambling which is done purely based on luck.

 

[Wisdom01]

It really matters a lot when someone with high skills trades in forex. The reason why most of the people are quitting the forex business is because of their own mistake and inexperience

Yeah you need to be properly learned when trading on the forex market ,some people just see it as something very easy and they don't want to learn , atleast if the person is not experienced he or she could learn from a experienced person

 

[a_jerobon]

Yeah you need to be properly learned when trading on the forex market ,some people just see it as something very easy and they don't want to learn , atleast if the person is not experienced he or she could learn from a experienced person

That is right. The good thing is that there are so many people who are experienced and ready to share their knowledge and skill freely. Some need you to pay for the lessons, which is also great as you get good knowledge and skills.

 

[Wisdom01]

That is right. The good thing is that there are so many people who are experienced and ready to share their knowledge and skill freely. Some need you to pay for the lessons, which is also great as you get good knowledge and skills.

It's worth it to pay ,many people have truly loss a lot of money trying to get more profit , so they could pay for the skill and they truly still end up in so much debts at the end of the day

 

[shrey1408]

It's worth it to pay ,many people have truly loss a lot of money trying to get more profit , so they could pay for the skill and they truly still end up in so much debts at the end of the day

Yeah mate, even in the long term, the skills will be with you as an asset of yours which will contribute to your trading skills.

 

[Chibson]

There is a clear difference between gambling and trading. Gambling depends only on luck. Trading depends on intelligent analysis and a bit of luck.

 

[Flower]

I would place gambling and cryptocurrency trading side by side. In gambling, you could lose your hard earned Money , also in trading crypto, you could also lose your hard earned money too.

 

[Wisdom01]

There is a clear difference between gambling and trading. Gambling depends only on luck. Trading depends on intelligent analysis and a bit of luck.

Exactly the two both need luck , but gambling needs it most , especially casino gambling as it dosent require any analysis or strategy to gain , it's just pure luck

 

[Chibson]

Exactly the two both need luck , but gambling needs it most , especially casino gambling as it dosent require any analysis or strategy to gain , it's just pure luck

Yeah, casino gambling is very risky. If you are not disciplined enough you can lose your life savings in a single day.
Virtual betting also.

 

[Wisdom01]

Yeah, casino gambling is very risky. If you are not disciplined enough you can lose your life savings in a single day.
Virtual betting also.

Many people have lot all their live saving just because of how addictive it is, they have forgotten that no matter how they try to win it's the platform that would always win

 

[shrey1408]

I would place gambling and cryptocurrency trading side by side. In gambling, you could lose your hard earned Money , also in trading crypto, you could also lose your hard earned money too.

But mate, crypto is still predictable as it depends on some global events and many people are engaged in it, whereas gambling is pure luck.

 

[Chibson]

Many people have lot all their live saving just because of how addictive it is, they have forgotten that no matter how they try to win it's the platform that would always win

I have seen somehow who lost huge amount of money on virtual betting. Such people will only think that the only way to make it in life is through Gambling.

 

[Chibson]

Many people have lot all their live saving just because of how addictive it is, they have forgotten that no matter how they try to win it's the platform that would always win

I have seen somehow who lost huge amount of money on virtual betting. Such people will only think that the only way to make it in life is through Gambling.

 

[shrey1408]

I have seen somehow who lost huge amount of money on virtual betting. Such people will only think that the only way to make it in life is through Gambling.

Yeah mate, those people think that get rich quick schemes work, but it only works in movies, in the real world, you have to work hard.

 

[Chibson]

Yeah mate, those people think that get rich quick schemes work, but it only works in movies, in the real world, you have to work hard.

Get rich quick scheme doesn't work and people must understand this. people have lost a whole lot of money trying to get rich quickly.

 

[Mariappa45]

Just as real gambling like sports betting, casino is risky same too goes to cryptocurrency trading. It's risky kind of investment, it's a gamble too cos you aren't sure of your investment return, but it is more of intelligent analysis and not mainly about luck.

 

[shrey1408]

Just as real gambling like sports betting, casino is risky same too goes to cryptocurrency trading. It's risky kind of investment, it's a gamble too cos you aren't sure of your investment return, but it is more of intelligent analysis and not mainly about luck.

Yeah mate, your view could be right about the new currencies in the crypto market, new ones are volatile and investing in those is like gambling.

 

[Mariappa45]

Yeah mate, your view could be right about the new currencies in the crypto market, new ones are volatile and investing in those is like gambling.

Yes, the newly created coins are simply gamble to our funds. Because we don't know about their potential cos they are simply new in the market and anything can happen to drive the new coins lower.

 

[Chibson]

Yes, the newly created coins are simply gamble to our funds. Because we don't know about their potential cos they are simply new in the market and anything can happen to drive the new coins lower.

I quite agree with you. Investing in shitcoins is pure gambling because anything can happen to it.
so many of them are rug pulled along the line and people lose all their money.

 

[Mariappa45]

I quite agree with you. Investing in shitcoins is pure gambling because anything can happen to it.
so many of them are rug pulled along the line and people lose all their money.

Yeah, they are simply tug pulled and their prices are easily manipulated by it's owners that's why it is simply a risk to one's funds.

 

[Flower]

But mate, crypto is still predictable as it depends on some global events and many people are engaged in it, whereas gambling is pure luck.

It's true that gambling is based on luck but you would need to make some research to get a 70% chances of winning bet. I know a friend who uses virtual bet tricks to make money on a daily bases.