Trading is like more like gambling if...

[Sexylizzy2813]

Whichever way we see it I believe trading is same thing as gambling without knowing exactly what will happen next, just hoping and wishing it falls in our favor, let's call trading and gambling the same and a 50/50 chance of getting it right, whether you have the right strategy or not when it happens to be in your favor nothing will stop it but the major thing is knowing what to do at the right time, like targeting the market movement when it goes up or drops and what next will happen, that's why we seriously speculate.

[liasbaa]

blindly following influencer signals or social media noise and dropping positions isn't trading, it's just pure degen gambling. back in the day i got burned by listening to chatter too, but u quickly realise there's zero survival route unless u map out the market structure urself and lock down tight risk management. no matter how loud the chop gets, if u don't build ur own logic and backtest it, ur just stuck in a buggy loop getting farmed by big whales and losing funds. solid knowledge and cold risk control are literally the only clean code to survive this brutal game.

Influencer signals sometimes work and some traders make profits. But this profit was a scam and ordinary traders cannot understand it. After getting a small amount of profit, they become more aggressive and use a large amount of leverage and they suffer losses. Trading is not a strategy taught from others, you have to monitor the market and learn and make decisions yourself. Market analysis yourself and decide the strategy that is convenient for you without being blind and influenced by others.

Influencers will tempt you to make huge profits but the best decision is yours. If you make any decision while depending on others, your own talent will be destroyed and you will lose money.

[Webutxo]

Receiving signals for trade when you have zero knowledge about trading is like the case of a blind leading the blind, where both the person who is passing the information and the person receiving the information are both doing it from the point of ignorance and not sufficient knowledge and understanding of the subject matter. It is never the best way or approach towards trading because it’s purely more like treating trading as if it’s gambling. The unfortunate part of it is, most newbies are not even interested in gaining such in depth knowledge about trading. They just want to make quick money without passing through the right process but shortcut.

People that trust trade signals are the most easy target to get scam. I have this school of thought that if you are a trader you don't need a signal and if you are making money from trading, you don't have to open a Channel for traders to make money. It's only traders that does not make money and want to use people as exit liquidity to make money. A real trader that makes money from trading don't even have time to be sharing signal for people.

A good trader that have conscience will only share trades ro public and let them to decide what they want to do after, he will even explain everything to them so they can follow him. Most traders that make use of trading views do this to get follower and build their community, people that gives trading signals don't use to even have real followers.

[Iranus]

Whichever way we see it I believe trading is same thing as gambling without knowing exactly what will happen next, just hoping and wishing it falls in our favor, let's call trading and gambling the same and a 50/50 chance of getting it right, whether you have the right strategy or not when it happens to be in your favor nothing will stop it but the major thing is knowing what to do at the right time, like targeting the market movement when it goes up or drops and what next will happen, that's why we seriously speculate.

Most people assume that as long as you have knowledge, experience, discipline, and good risk management, you are guaranteed to make profit. But they forget trading is still a game of probabilities. No matter how good you are, you can still lose without bit of luck on your side.

A lot of people will not wanna admit that. But the truth is, trading is basically another form of gambling, and there's nothing really wrong with calling it gambling.

Just look at the loss rates in trading and gambling, they're not that far apart, lol.

[Cgrexp]

Receiving signals for trade when you have zero knowledge about trading is like the case of a blind leading the blind, where both the person who is passing the information and the person receiving the information are both doing it from the point of ignorance and not sufficient knowledge and understanding of the subject matter. It is never the best way or approach towards trading because it’s purely more like treating trading as if it’s gambling. The unfortunate part of it is, most newbies are not even interested in gaining such in depth knowledge about trading. They just want to make quick money without passing through the right process but shortcut.

People that trust trade signals are the most easy target to get scam. I have this school of thought that if you are a trader you don't need a signal and if you are making money from trading, you don't have to open a Channel for traders to make money. It's only traders that does not make money and want to use people as exit liquidity to make money. A real trader that makes money from trading don't even have time to be sharing signal for people.

A good trader that have conscience will only share trades ro public and let them to decide what they want to do after, he will even explain everything to them so they can follow him. Most traders that make use of trading views do this to get follower and build their community, people that gives trading signals don't use to even have real followers.

Over-reliance on trading signals is certainly risky. It can lead to a person becoming accustomed to following someone else's decisions instead of developing their own decision-making skills. However, not all those who run trading signals or communities are fraudsters. The problem is when someone gives misleading information about their results or deliberately creates false expectations in order to take money from followers. You can learn from the analysis of others, but ultimately, when trading with your own money, you have to develop your own decision-making skills. Do not let any signal replace your own research and decisions. Even if you temporarily profit by following someone else's decisions, if you do not understand that person's logic and risk management, you will not develop your own trading skills in the long run.

[HustleZ]

Whichever way we see it I believe trading is same thing as gambling without knowing exactly what will happen next, just hoping and wishing it falls in our favor, let's call trading and gambling the same and a 50/50 chance of getting it right, whether you have the right strategy or not when it happens to be in your favor nothing will stop it but the major thing is knowing what to do at the right time, like targeting the market movement when it goes up or drops and what next will happen, that's why we seriously speculate.

You have the mindset of a gambler not a trader, with the analogy then everything in life must be gambling because we arent even sure we will be alive for the things we do?? Are our efforts gambling? Trading is far different than what gambling is. Sure, it can become gambling but only if the person that is doing it does not have knowledge about trading and full ports because of greed but apart from that it is a way safer way to build wealth than gambling. If you have correct knowledge and apply it correctly then it is a very easy field

[Woodie]

Anything done from a non knowledgeable point of view is always tied to gambling, which is a fact!!!

Pro traders understand risk involved in this industry and would never expose themselves to unnecessary risk, that is why demo trading is something we all need to experience to get the emotions out of the way and have ourselves to blame should things not go out way.
Otherwise trading is still a profitable venture!

[Sexylizzy2813]

Whichever way we see it I believe trading is same thing as gambling without knowing exactly what will happen next, just hoping and wishing it falls in our favor, let's call trading and gambling the same and a 50/50 chance of getting it right, whether you have the right strategy or not when it happens to be in your favor nothing will stop it but the major thing is knowing what to do at the right time, like targeting the market movement when it goes up or drops and what next will happen, that's why we seriously speculate.

Most people assume that as long as you have knowledge, experience, discipline, and good risk management, you are guaranteed to make profit. But they forget trading is still a game of probabilities. No matter how good you are, you can still lose without bit of luck on your side.

A lot of people will not wanna admit that. But the truth is, trading is basically another form of gambling, and there's nothing really wrong with calling it gambling.

Just look at the loss rates in trading and gambling, they're not that far apart, lol.

I agree with you, this is to show that no one is perfect, we only try and hope for the outcome to be profitable in as much as some would say follow the strategy or plan that you are familiar with we still have to fall on either of these two (gain or loss). You know so many people will always see what we are saying as an abomination because we call trading another form of gambling, that is the butter truth but I still don't understand why is hard to accept, this is something we ain't sure of. We place our money and hope to get something in return and that is the same thing when it comes to trading. If there's no loss in trading only profit/gain then it shouldn't be similar to each other, but I still laugh when we fail to accept the reality.

[Franctoshi]

Whatever approach that you used is what the market would give you in response, if you're gambler, the market will definitely gamble with you and your emotions, whereas if you treat it as a business then you get the results that the business men get while running their business. Trading is not something that you think you would get rich today by trying to flip so many accounts. People wants to double their $100 they deposited today same day or some tomorrow, this is a very wrong approach and lure into making wrong trading decisions that result in loses.

[Texac]

Anything done from a non knowledgeable point of view is always tied to gambling, which is a fact!!!

Pro traders understand risk involved in this industry and would never expose themselves to unnecessary risk, that is why demo trading is something we all need to experience to get the emotions out of the way and have ourselves to blame should things not go out way.
Otherwise trading is still a profitable venture!

Demo trading is just a fake environment where you are not actually losing real money when you mess up. So there is barely any real pressure and you don't have to deal with that fear of losing your money like you do with a real account.

So thinking a demo account will teach you how to control or get rid of your emotions is a pretty big mistake.

Tbh, demo accounts are kinda useless and don't offer nearly as much benefit as people think. Stay on them too long and you can even build some bad habits. If you wanna start trading, use a real account and start with the smallest amount you can afford.