Trading is like more like gambling if...

[free-bit.co.in]

Only a small number of individual traders make money, but that is just temporary luck, and they are likely to suffer losses in the not too distant future.

And this is how it is even more similar to gambling. Among that small percentage, if you look at their net profit, you will see that some of them are either in a loss or very little profit. That is how it is among gamblers. I know because I gamble. You get a win, and it would look like you have recovered all your losses, but you haven't. If you calculate it, you are still at a loss.
That is how it happens with trading. You can have a series of losses, but when you have a win or two, all is right in the world, but in the grand scheme of things, you are still in a loss.

Indeed, if traders and gamblers kept detailed records of the money they spent and the money they earned throughout their trading journey. They will probably be surprised by the actual results.

Both traders and gamblers make a mistake: they quickly forget their losses or treat them as tuition fees needed to become professional. But they clearly remember their small winning trades and see them as proof that they are on the right path. This selective memory makes them believe they are overall profitable. But in reality, when everything is added up, most of it ends up as losses.

[Yeesha]

Indeed, if traders and gamblers kept detailed records of the money they spent and the money they earned throughout their trading journey. They will probably be surprised by the actual results.

Both traders and gamblers make a mistake: they quickly forget their losses or treat them as tuition fees needed to become professional. But they clearly remember their small winning trades and see them as proof that they are on the right path. This selective memory makes them believe they are overall profitable. But in reality, when everything is added up, most of it ends up as losses.

Both gamblers and traders are human beings, and making mistakes is part of being a human, because that is what makes them human. Moving on from loss is actually important but forgetting it totally is the worst mistake. As a trader sticking to one lost will prevent the trader from making new plans or taking the next step. And forgetting loss easily will only makes a gambler or trader to make more mistakes because as a result of that they will develop the mindset of unrealistic expectations and that's going to motivate them to risk more than they can afford to lose.

[BALIK]

you understand first learn than earn most people don't understand but continue losing it's gambling trading is
a skill so first learn and work in demo minimum 2 years than earn it's trading.

That's too long to learn for the demo for 2 years as the minimum of it.

But I respect if that's how long you've learn and that likely assures that you've learn before you get into trading.

Others are thinking they can master it within weeks and a couple of months but it's not that easy.

With that period of how convenient it is for one to learn how to trade, it's best to use real money that they can afford to lose because that pushes them to actually learn how it works.

Frankly, practicing on a demo account for at least 2 year is too long and a waste of time.

You will not learn much from it because it is completely different from real trading. With a demo account, you will not have to face psychological pressure, fear, or greed. This means that when you switch to real trading, you will almost have to relearn everything from scratch.

The demo account should only be used for a short period and only to get familiar with trading execution. This is not the place to learn analysis, risk management or emotional control because it is not real money and everything you experience is simulated. 

[LastKiss]

you understand first learn than earn most people don't understand but continue losing it's gambling trading is
a skill so first learn and work in demo minimum 2 years than earn it's trading.

That's too long to learn for the demo for 2 years as the minimum of it.

But I respect if that's how long you've learn and that likely assures that you've learn before you get into trading.

Others are thinking they can master it within weeks and a couple of months but it's not that easy.

With that period of how convenient it is for one to learn how to trade, it's best to use real money that they can afford to lose because that pushes them to actually learn how it works.

Frankly, practicing on a demo account for at least 2 year is too long and a waste of time.

You will not learn much from it because it is completely different from real trading. With a demo account, you will not have to face psychological pressure, fear, or greed. This means that when you switch to real trading, you will almost have to relearn everything from scratch.

The demo account should only be used for a short period and only to get familiar with trading execution. This is not the place to learn analysis, risk management or emotional control because it is not real money and everything you experience is simulated. 

Indeed, the feeling is 100% different when we use real money for trading, a demo account is very useful for traders to familiarize themselves with the platform features. Although we can test our technical analysis skills there but just like you said, the psychological pressure is completely different. Some traders become greedy after losing a trade while in demo mode, you don't really feel anything when you lose.

In my opinion it's better to trade with real money but make sure the amount you use is small enough that losing it won't affect you too much and developing self control takes time even experienced traders still struggle with it. Trading also able to make us addicted to it just like how gambling make us addicted.

[Wind_FURY]

If you lack the ability to do research and acquire knowledge then there is no need for trading because the risk is huge when the reality hits you, you lose everything you have onces.

Trading are for professionals and those that are very calculative in prediction and in other for you not to be a gambler to trading, then you have to acquire more knowledge in trading than just wanting miracle to happen.

That's actually NOT enough for plebs like us. There was actually a study/research that even if plebs like us "acquired" more knowledge through research, trading courses and through other resources, our probability of actually making a meaningful amount of money consistently would still be the same as if we didn't acquire any knowledge.

   ¯\_(ツ)_/¯

HODL Bitcoin is our only path to success in crypto.

[DPHOR]

If you lack the ability to do research and acquire knowledge then there is no need for trading because the risk is huge when the reality hits you, you lose everything you have onces.

Trading are for professionals and those that are very calculative in prediction and in other for you not to be a gambler to trading, then you have to acquire more knowledge in trading than just wanting miracle to happen.

That's actually NOT enough for plebs like us. There was actually a study/research that even if plebs like us "acquired" more knowledge through research, trading courses and through other resources, our probability of actually making a meaningful amount of money consistently would still be the same as if we didn't acquire any knowledge.

   ¯\_(ツ)_/¯

HODL Bitcoin is our only path to success in crypto.

You know the most important thing in the space is to discover where suits them the better than jumping from trading to trades with intentions of making specific amount while trading without knowing that many people could make profits more than those who are trading. Of course, trading is not that easy if I may say but this depends on the market they are solely trading on.
Knowledge is essential in trading but then how do you deploy the right strategy to work perfectly for the trader is what matters most and that's where patient will be truly displayed.