I was in an argument with a guy today because he was comparing the forex market with meme coin. He said forex is just like a gamble and is nothing different from gambling your way to success. He also compared this to meme coin and he said the only reason why is in CRYPTO is because of meme coin and he’s been investing in it and that is the only way he can be successful. I was so pissed in the process because I was trying to let him know that forex might look like a gamble to many people but if you have the right knowledge, you can make decent money out of it and you can set yourself up for life. The same thing goes with crypto If you have the right knowledge and know where to put your money. It can also set you up for life, but this guy already made up his mind. He said knowledge doesn’t matter.
This guy’s argument is based on the fact that with no amount of knowledge you have you will still lose money in the forex market. He was trying to argue that knowledge doesn’t matter and everything is just a gamble which I did not agree but I also believe that with no amount of knowledge, you have you will still lose money in the forex market but knowledge makes the difference. Someone with the knowledge of forex will gain more than they lose in the market when have the right knowledge but someone with no knowledge at all will lose more money. We argued for hours, but this guy already made up his mind that he would always put his money into meme coin
The goal is not to be perfect
what most people don’t get is that there is no perfection anywhere even most investors don’t get some of their calls right. It may not be because their analysis was wrong or the knowledge that you have about crypto or forex is wrong but It is just that the market can be crazy. It doesn’t always go your way but what knowledge will do for you is that it will allow you to make more profit than loss. That is why there is risk management in forex but if you’re not ready to learn you, find it difficult to know all these things but most people are looking for perfection rather than improvement.
it is in human nature to always see perfection. We are always looking for things that guarantee success. Most people believe this so much and even when they win things like the lottery, and go into business they believe that it’s guaranteed success they lose it all. Perfection is an illusion even things that guarantee success have their own risk and that is why no matter how good a project is there are still some chances that it can go the other way because nothing is perfect. You can master a field so much that you become so good that you get almost all your calls right. This is what consistency gives you and these are the things that money can’t buy. Some people also know this, but they can’t build with time and that is why they choose to gamble.
Gambling is the only way
People choose to gamble because they can’t spend the time to learn and develop in a field, and they are also looking for quick money. The truth is the Internet is not also helping matters because so many stories are coming out every day about such people who gamble their way to success. Whether it is real or not I don’t know, all these people that see their story online are lucky and there is a 99.99% chance that the person can not be you. People want to skip the process, we believe that one day it will reach our turn which is a lie. The only problem we have is committing to something and building ourselves. People are always scared of the process and the process is what money cannot buy.
What makes some people so rich is the experience that they have gained through their journey. Why do they go from a rich man to a broke man and also go back to the top again. This is because they already have the experience. Knowledge is powerful and process is worth money can’t buy. There is a high probability that if they should give you a large sum of money you cannot manage it because you don’t have the experience and knowledge, There’s a chance you will blow it because the money alone will not save you unless you partner with someone who has the experience and knowledge to help you out. The process is what most people are running from and that is why they prefer going for things they can gamble with but it’s just an illusion.
Thanks for your time.