Question

How is trading more like chess than gambling?

A) Both involve chance
B) Both require strategy and foresight
C) Both depend on luck
D) Both are solely based on skill

Answer 1

Trading is more like chess than gambling because both require strategy and foresight. Option B

Step-by-step explanation:

In trading, like in chess, strategy and foresight are crucial elements for success. Both trading and chess require careful planning, analysis of the current situation, and consideration of future moves.

While both involve risk, they are not solely dependent on luck. In trading, market research, analysis of trends, and financial knowledge are used to make informed decisions, just as a chess player uses their knowledge of the game and opponent's moves to plan their next move. Option B