If u ask this question 90-95% of our Asian community/Failed trader/People with no financial knowledge they definitely will say yes.
The reason being from statistics and personal experience as a trader i know that 90-95% lose money while the other 5-10% make fortunes.
Let me go in go in brief about trading & it’s markets. What is trading?
Trading is buying and selling of an asset or instrument.
E.g. let’s suppose Ram buys a Gold at 10$ for a piece and he sold it at 15$ a piece. The profit he makes selling that piece of banana is 15-10=5$, yeah that’s how trading works now u can also short/sell to predict the value of an asset to go down and the more it goes down the more you make money and vice versa. Take the same banana for e.g. let’s say u think the value of banana will fall so u short it at 10$ a piece and when it goes 5$ u make 10-5=5$ in profit in the futures market. Will cover about futures market in upcoming articles.
There are three major types of trading market.
The most popular and highly liquid one is forex. Currencies are traded against each other. We predict the economy of the country. This is where all the big banks, hedge funds, mutual funds, investment firms, retail traders etc. all come to make money trading them.
The second one is stock market. It is also highly liquid depending on the company. The stock/share of the company is displayed for purchasing by the people and you can also have the rights to earn
dividends depending on where and which stocks you buy. People come to stocks market expecting to earn good returns over time by investing/swing trading on A good company with huge Potential.
The third one is crypto market. Right now, as of 2021 these past 1-2 years it’s been a great year for crypto market growing the liquidity. Crypto is in mass adoption phase right. The technological benefits crypto gives along with high investment potential giving massive returns of investment (ROI) is what makes crypto the most attractive one. We are in digital phase and crypto Is trying to shape the financial system. People invest on crypto projects and trade too.
These were some brief info about trading/investing market
Now as a trader myself, I’ve seen People throw money down the drain and also witnessed people make fortunes.
TBH I’ve myself made tons of loss in the beginning phase no knowledge i was just in it for get rich quick scheme. But I’m glad I realized it sooner than most people do Now that’s a W for me even though I lost many times but lesson learnt.
Trading market is one of the highest skills required market to earn money. You can’t just come In and try to get rich overnight. That’s not how it works. You spend your time build knowledge. Know fundamental & technical analysis and implement it, it’ll be profitable.
Me myself have been trading profitably for the past 2 years with experience of 3 years in forex and 7 years in crypto market. And also made tons of money investing in stocks markets.
The reason people think this is a gamble is they’ve seen people fail in these and loose tons. Well that’s the same with every profession/business, right? if you don’t do with proper knowledge well your just wasting your money, first learn about the markets and technical then with experience over time u will start seeing progress and will make money. As I said this is not get rich quick scheme.
Trading is by far the most profitable skill and also devasting skills I’ve ever seen. It’s like double edged sword it depends on the wielder if u use it will skills/knowledge u will make fortunes. The banks have been doing the same for almost a century now. So I hope I shed some lights about the fact that trading is not a gambling.in fact the money that you see large banks, institutions, hedge funds etc. make those are from trading/investing and it’s all about you using skill and U might just be the 5-10% trader.
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