Is there a difference between speculative trading and gambling?

We cannot fully cover money and banking without touching on various ways to lose money
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BigCh1ld
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Many online traders may actually be speculators and not real investors who do real analysis of markets and inherent factors. No wonder speculative traders are likened to gamblers.

Gamblers just rely on luck and most times lose their funds. Similar is the fate of speculators.

Do you agree?
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