I don't personally think that trading activity should be considered as gambling, mostly because these two activities absolutely different. Of course, one can note that in casion as well as on the forex market people always lose money and it turns out as a system. Nevertheless, I don't quite agree with such statement. Gambling has already admitted as the dangerous mental disease which destroys people, while trading can't bring any harm to human's mental health. Of course trading activity also implies some risks which are connected with money losses, however it's real to earn money there in comparison with gambling.
There is a definite difference between trading and gambling. The industry is massive there is no way most would be in it if there was no rhyme or reason. It is important to have a plan and stick to it for sure though
Willowerno posted: I don’t understand why people compare trading to gambling. I’ve never seen any gambler working on strategies or trading plans. Neither there is any fundamental or technical analysis involved.
Both are different. But people don't have proper knowledge that they can differ trading from gambling.
Well, they have smth in common but I don't think that gambling and forex are the same. For example, many people confuse forex trading involving crypto with gambling which is absolutely wrong. While investing it's important to have a lot of knowledge and have a strategy, gambling is much more about luck than strategy. Honestly, I don't recommend people who can't control themselves to gamble and to invest as well. They will lose all their money.
Binary options have earned terrible reputation of being scams. Even the brokers are crystal clear, it is next to impossible to predict where the price will go in ultra short moments. So, I also think that it is more about gambling rather than trading.
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