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Forum Is trading classified as gambling? Reply To: Is trading classified as gambling?

Efrain Crandall

LEVEL 1 : NEWBIE

REVIEWS 6 | REPLIES 2

#1860

EfrainJnr

September 3, 2015 at 7:10 am

The best reason that I could come up with why people would say that trading binary options are gambling, is this:

Trading becomes gambling when the trader begins to trade on emotions and gut feel. Greed and fear rule the emotions here and it is easy to get drawn into such type of trading. Unfortunately, most traders tend to fall for this trap, which is why it has led to so many critics that call for binary options or trading as a whole as gambling and nothing more.

So when does trading not classify as gambling:
The trader researches, calculates the risk and ensures that the trade that they make gives back more than the amount that they risk.

All the best
EfrainJnr