30% trading is gambling.

[Jussar]

Well I it’s how you look at it, for me trading and gambling is two different things, trading is a quick profit, is a fast respond to what the market is telling, but it is not based on luck like gambling which you puts up the money in the hope that the odds are in your favor and in the favor of the house.

 

[Fmujer]

I'd say it starts as 100% gambling and then as you get more experienced and skillful the % drops... but there is always a bit of gambling involved, I mean- you are betting on a price action and you don't know the outcome...SOUNDS gambl-y?!

 

[jotekfinance]

Depends on the type of trader you are.

 

[abdul2012]

HI
yes i agree with that , it is depends

 

[peeterwoolf]

I think they are quite different, but luck will help both, actually luck will help basically everything.

 

[henyo]

the way i see it, if you trade based on luck then its gambling, usually asociated with less knowledge of the market and eagerness to earn and easy buck at the process, but if you spend time studying and learning and planing and studying and studying and learning then thats not gambling no more.

 

[FxMaster]

Well one word for everyone, If you trade without knowing how to trade than its 100% gambling.

 

[ReignMan]

Well one word for everyone, If you trade without knowing how to trade than its 100% gambling.

Exactly, knowing when to get in and out, or, "call, or fold", is applicable to any venture you take. Life, in that sense, is a gamble is it not?

That was pretty good right?

 

[csc2009]

the way i see it, if you trade based on luck then its gambling, usually asociated with less knowledge of the market and eagerness to earn and easy buck at the process, but if you spend time studying and learning and planing and studying and studying and learning then thats not gambling no more.

You are right, trading with just luck is worse than gambling.

 

[jotekfinance]

Nothing wrong with luck, though you can influence your own luck with knowledge and minimize its necessity Nothing wrong with believing in yourself though!