Get to Know These 3 Differences Between Online Gambling and Trading

Recently, here has been a lot of discussion about the world of binary options. This is triggered by users who have lost hundreds of millions of rupiah.

Daily stock trading transactions are also very popular among young people, especially since day trading can also provide benefits.

Unfortunately, it is increasingly popular and there are losses and gains, there are many assumptions that say that trading instruments in the form of binary options are equated with gambling.

Although not all types of trading are considered as online gambling tools, now the way trading works is often equated with how to profit from online gambling.

Basically, if someone makes a trade it can refer to buying and selling things that we can fully control when we have placed our money.

The purpose of this control, we can sell or buy to make a profit in a short time or longer.

Whereas in gambling the concept used, when we put money in and play, we can't control the money that is deposited.

The money will return and multiply if we win a game and what happens on the contrary, we will lose money if we lose.

Launching from various sources, that's not the only difference between gambling and trading. There are 3 other differences that you can know, here are the reviews:

Strategy VS Luck

When someone makes a trade, it is not just buying and selling without a strategy. In trading, someone will buy and sell using a strategy.

The strategy used is like looking at the existing nominal. Many people tend to buy when stock prices, index mutual funds are low.

When in gambling this is not the case. All the benefits that people get only depend on luck in playing.

Time difference

If you look at it from a time perspective, people who trade will look at time and market research to be able to make a profit.

A person who is trading, he will consider the time that it is possible for foreign currency to be higher than the rupiah when selling it.

This can happen in forex trading, this activity of buying and selling foreign currencies will benefit from the difference in the sales figures made.

And of course it's different if someone is gambling, it's not time that he will consider but he will think who his opponent is.

Risk Difference

In trading we can also get a higher risk of losing money. However, this can be minimized by market research and doing good risk management calculations.

Someone who may lose hundreds of millions, but there is still a possibility that hundreds of millions is not the total capital.

It is possible for people to invest 101 million rupiah in trading, but when they are careless, they can lose 100 million rupiah in the money market and only leave 1 million rupiah in their capital.

Unlike gambling, if someone puts a capital of 101 million rupiah and he loses a game. He could have lost all the money.

Those are the three differences between trading in general and the concept of gambling in general.

It should also be noted, if there is trading using an online binary system, this needs to be watched out for. Because, it has been prohibited by CoFTRA.