Setting the record straight………
Difference between Trading, Gambling and Investing..
Trading is not Gambling. Gambling is guessing
Investing is educated guessing
Small difference, big impact
Gambling is about playing with money even when you know the odds are against you.
Investing is about minimizing risk and maximizing returns. Usually for a long time period ( months or years)
Trading is speculating…..
It’s taking a calculated risk financially to seek a profitable return. Usually over a short time(minutes, hours or days) in the forex,stocks or the crypto market….
🏧 What most people think:
Trading = Gambling
🟢Reality:
Trading = Edges + calculated risks + emotional fights + consistency + countless hours of practice
My humble view🤞🏾🧘🏽♂️
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