Gambling is not the right way to make money

To the general public, trading in financial markets is often misunderstood and likened to gambling. While this perception is far from accurate, some traders' behavior can unknowingly reinforce this misconception by approaching the markets with a gambling mindset.

The allure of quick profits often drives people to take excessive risks, seeking instant gains with little regard for the high risk and low probability of success. Since financial markets are seen as a place to make significant profits, many people mistakenly equate trading with gambling.

In reality, things are different. At Quant Funded, we emphasize to our traders that trading isn’t about chasing fast money—it’s a long-term pursuit for steady, sustainable results. So, what should traders be aware of to avoid falling into the gambling trap?

Selecting a questionable prop trading firm can already be a gamble in itself. It’s crucial to research the firm’s background, reputation, and track record. With today's easy access to information online, there's no excuse not to investigate thoroughly.

Browse social media, ask questions in forums, and read genuine customer reviews. Key factors to check include whether the firm reliably processes payouts, their spreads and commissions, and if they use proprietary technology or rely on an unknown third-party broker.

Will customer support respond to your inquiries promptly and professionally, or will you be left waiting days for a reply? Does the company genuinely care about its trading community, or are they just collecting fees?

Beware of firms offering overly simplistic terms, rock-bottom prices, or absurd payout conditions. While these features might seem attractive, previous examples from some firms have proven that such models are often unsustainable. A trader drawn in by these terms might earn profits on paper but could face challenges when trying to withdraw their earnings.

Now, let's explore some examples of risky trading behavior.

Overleveraging

Editing in progress...