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Anyone into that sort of thing? Is it naught more than gambling?
in that there are two ways to do it- outright punt witrh little research (gambling on, say the horses, is easier here because the odds themsleves will tell you a story about the level of risk/ chance of success). or you can use market intelligence to make an informed decision. It makes my brain hurt a bit, i bormally try not to get involved with derivatives.
The only way to consistently make money is by having more up to date market information than everyone else, ie less than one second prive intervals.
Anyone trying to sell you a course on it is a chancer. Anyone claiming to make a living from it is probably a liar.
Your gains are (in theory) unlimited, but so are your losses, and both can far exceed your initial stake.
See, I threw a bit of cash at Bitcoin/Litecoin on Plus500 after they both slumped 40% the other day, and by close they'd both bounced back up.
There's a maintenance margin so the position will automatically close without me losing any more than say, having a flutter on the football if my options take a nosedive. It does just seem like gambling, tbh.
Speculation is taking a calculated risk that is more than offset by the possibility of a huge gain.
so betting on a football match isn't gambling?
A gamble is the assumption of risk for no purpose but enjoyment of the risk itself, whereas speculation is undertaken in spite of the risk involved because one perceives a favourable risk-return trade-off.
so there's no such thing as a professional gambler?
as speculation when the odds can be sufficiently tipped in the player’s favour, such as in professional blackjack or poker