Is Trading the Same as Gambling?

This is a discussion on Is Trading the Same as Gambling? within the New to Trade2Win forums, part of the Reception category; Originally Posted by Windlesham1 A gamble is something over which you have no control. Poker players understand probability as do ...

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Old May 7, 2017, 12:51pm   #441
Joined Apr 2017
Originally Posted by Windlesham1 View Post
A gamble is something over which you have no control. Poker players understand probability as do options traders. Most directional trading is not managed and it is hard to quantify trailing stops etc.
But a shopkeeper is a gambler, a publican is a gambler as these are high risk businesses. Being a private landlord? You can lose a year's profits with one bad tenant-seen it so many times. So most trading is gambling as you have no control- with options you DO have an element of control. Trading forex is mostly a forlorn hope, I've never met a successful forex trader whose sole income was from forex.
Options is gambling with time and probabilities.

Most of the forex trading is pure gambling on a forex roulette wheel.

Only serious trading is ,if you trade like Warren buffet .
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Old May 18, 2017, 12:51pm   #442
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trading is taken as gambling when you do not know what to do. Trading based on luck is like taking a shot in the dark and results are often similar as of gamblers. But with a well followed trading plan and proper risk management, trading is like a business. That’s the difference between those big percent of traders losing to some small percent of professional traders.
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Old Sep 25, 2017, 11:35am   #443
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It totally depends on an individual’s definition of “gambling”, it may be a “yes” or a “no”. As per the Oxford Dictionary “gamble(as a verb)” is “to play games of chance for money or bet” and “take risky action in the hope of a desired result”.

So if we go by the definition of the Oxford dictionary we may conclude that any kind of trading or speculation in the financial markets most definitely is gambling where there are no chances of ‘ifs’ and ‘buts’.
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Old Sep 27, 2017, 2:12pm   #444
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The major difference is the odds are in your favor in trading (if you trade with an edge to make money), compared to the odds are in the bookies favor in case of gambling or if you trade with no edge in the market...
"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

My number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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