Some of my friends are gamblers, I always advise them to do trading instead of gambling and losing, they tell me that trading is just like gambling, so I always try to explain it to them. Trading is different from gambling, in gambling, you lose all your money at once, you don't need any experience or education, instead learn to trade and trade, and you lose your money for some time. You may lose, but there is a chance that you will get double your money.
There are other things that you may not have explained, because trading has two goals, short-term trading or long-term trading, sometimes gamblers don't like long-term things, let alone short-term trading is difficult, that's why it's difficult to change their gambling habits. to learn to trade, I have tried this many times but it is no use, especially if our friends are already heavily addicted to gambling, it will definitely be very difficult, even though in fact they are also looking for winnings at gambling, not necessarily making a profit in the short term either.
But stupidly they want to gamble every day just to look for profits which is actually not much different from waiting time like trading and investing in the long term, for some reason most gamblers don't realize this even though they always think trading is the same as gambling, because it carries the risk of losing the same thing even though they don't lose their money, only the value goes down, whereas if they stick with what they invested they could get profits of more than thousands of percent when the market is bullish, it's just a matter of time, but here the gamblers still think trading is something who waste their time even though it is no different from gambling.
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