06-15-2023, 06:36 AM
A lot of people associate trading with gambling. That’s because just like with gambling, you make money based on your correct assumption. For example, you will win in roulette game if you can guess the correct number. Likewise, you will win in trading if your assumption on the assets becomes correct, for example, you bought Tesla stocks Apple stocks for $143.10 and you predicted that the value will go beyond $144 by the end of the day and your assumption becomes correct and you make money from this trade.
You make millions from gambling if your predictions are correct, and you also make millions from trading if your assumptions are correct. However, trading is not gambling even though these both activities are based on one simple strategy presumptions and assumptions.
When you are trading, you are trading assets, these assets are backed by real world activities. For example, you trade forex, foreign currencies are backed by governments; you trade stocks, and stocks are backed by the companies and businesses.
You make millions from gambling if your predictions are correct, and you also make millions from trading if your assumptions are correct. However, trading is not gambling even though these both activities are based on one simple strategy presumptions and assumptions.
When you are trading, you are trading assets, these assets are backed by real world activities. For example, you trade forex, foreign currencies are backed by governments; you trade stocks, and stocks are backed by the companies and businesses.