"They say in the stock market around 84 percent of investors lose money, while the smart make up the rest of the market, why is this? the key thing to remember here is the market isn't fair and it is sort of like a casino, I guess you can say rigged."

The reason that 84% lose their money, or part of it, is simple. They go in expecting to make a fortune without really knowing what they were doing, nor did they have the tools necessary to help guide them along the way. And yes, in many ways (especially without adequate knowledge AND experience), the markets are indeed very much like a casinos. It's like placing a bet, and hoping for a positive outcome. And yes, just like playing in the casinos, sometimes you can get lucky, and come away a winner, but in the long run, you will most likely lose.

I would not however label the markets as being "rigged" although they certainly may seem that way sometimes. The word "rigged" would suggest that the outcome is pre-determined, and I really do not think there is even the slightest pre-determination of market outcome, even among the very best of the pros. Even the best pros cannot determine where the markets will be tomorrow with any degree of certainty. At best they can only speculate based on their years of knowledge and experience. They will however be right far more often then the average investor.

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