Is CFD Trading like Gambling?
The very word “gamble” implies someone doing something in the hope of making money from a situation that involves risks but also failure. In other words, when the person involved accepts the risks, in order to win!
There are risks everywhere in life! Even deciding on a particular field of study, since you can’t predict what the needs of the market will be once you complete your studies, can be considered a risk. Or choosing to ride your bike without protective gear, or cheating in the exams can be considered risky.
Based on this theory, every decision we make in our daily lives can be seen as a risk that we take in order to succeed at something.
Yet, is the word gamble enough to separate the risks of our decisions into categories? And since “gamble” involves an unpleasant meaning what could be the defining line for a more positive approach?
To be clear with some things, a gambler is an individual who may face the urge to gamble his own house or even all his properties without limits, but most importantly his dignity! Some risks in life may be taken because of a ‘need’, and these decisions are not enough to fade our dignity. That’s the defining line that determines gamblers’ risks from those we take in our lives – the need.
Now, to get to the bottom of things and answer our initial question: CFD Trading does involve some high risks but that doesn’t make it gambling on its own. Trading is more like an opportunity that challenges you to have a shot at unleashing your potential.
If you choose to trade you must have the ability to set goals, to manage your risks and most importantly to accept the challenge and dare to trade maintaining your dignity!
To wrap up, is CFD Trading like Gambling? Well, It’s up to you to decide!