Trading and gambling : the difference between them
Most people confuse this two terminologies most times so now let's discuss this two terms in details .
Trading
This involves the use of fundamental and technical analysis before one makes an investment or takes a trade be it forex or crypto or any digital asset . It involves looking at a chart and then using what one sees in the chart to trade and also using news
WHAT AND WHAT IS USED IN TRADING
1.WE USE TECHNICAL INDICATORS
2.NEWS
3.PRICE ACTION
TYPES OF TRADERS
1,swing traders
2.day trader
3.scalpers
4.investors
Swing traders
This traders take trades and hold them for more than a day . They target large profit with minimum risk and they don't really use news in trading
Day trader
This traders take trades and hold them for more than an hour but not more than a day and they tend to keep watch on news events
Scalpers
These ones are people that love news always trying to catch those small movements or reactions in the market and they always target very small pips with big lot size
Investors
Long term bosses they hold for a reason
Now let's look at gambling
Gambling
They are the try our luck people . Jumping into a trade and hoping God changed their lived through it .with little or no reason they buy into projects or take trades and most times they end up wrecked. Some people are very lucky but on the long run it's a bad habit
Major difference between trading and gambling
| Trading | Gambling |
|---|---|
| Knowledge is needed | no knowledge |
| Luck independant | luck dependant |
| Has three types | Has no types |
Conclusion
Personally if you wish to make money it's good u learn how to trade rather than gambling away your money or jumping into business blind.on the long run you would regret it
Thank you
@camousconnect
@whitestallion
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Trading involves the systematic analysis of financial markets, risk management, and strategic decision-making to profit from price movements. It relies on research, fundamental analysis, and technical indicators to make informed predictions. For a comprehensive understanding of trading dynamics, visit https://vfxalert.com/how-it-works. In contrast, gambling is characterized by chance, where outcomes are largely unpredictable and reliant on luck rather than skill or analysis. While both trading and gambling involve speculation, the key disparity lies in the approach and mindset. Trading seeks to mitigate risk through informed strategies, while gambling often embraces risk for entertainment or quick gains.