Topic: Can trading be likened to gambling and how so? - page 2. (Read 1224 times)
Both trading and gambling involve a lot of risk. Gambling depends entirely on luck and fortune. If the forehead is good then you can achieve good things in gambling.Again in trading platform also if you can trade with risk and if luck is good you can also profit there. If there is good fortune in the trading platform, you can also profit from it.But the key difference is that you have to take risks on both platforms.
It is gambling if you are blindly putting away your money. If you study the market and then make a decision, with a plan, then you are trading.
This, there are in fact some traders out there which cannot be said to be trading the markets as they are not making any kind of analysis when they make their trades and they are just following whatever they have read on social media and they are just hoping for the best, those people are gambling and their presence is very common at most markets, however those which take the time to study each one of their movements and make a trade only once they are sure of what they are doing can be said to be traders and not gamblers.
Trading is not gambling and gambling is not trading. But trading came be likened to gambling in one condition. When the trader doesn't know anything about trading. He doesn't also know about chart movements, does not understand the market movements and price movements. When he doesn't have a working strategy, maybe he just enters market and expect to make gain, by this we can say that the trader is gambling. Even gamblers will be better than the trader because gamblers have what they watch out for like odds and they could make more gain than an inexperienced trader.
Although trading and gambling opportunities are the same, but I don't agree that trading is the same as gambling, if gambling then we don't need any analysis, but trading requires a deep analysis and also follows the development of the coins we buy, if we are expert For profit is always greater than losing money.
I think the opportunity to succeed in gambling and in trading is different. In gambling, we totally rely on our luck. While in trading, we can optimize the chance to succeed by learning and having a good experience. Regarding the analysis, I think both in gambling and in trading, people probably use their own analysis. In gambling, people analyze how to play gambling games effectively. While in trading, people analyze the market trends and price history at least.
I saw some really funny comments, as always on topics like this one! I will repeat myself, it's not hard for me...
So life is gambling! We take risky actions our entire life, and we always hope for the desired result! Gambling is everything, but games are different... with different rules, levels of risk, prizes, etc... but the fact is that if you are risking something to get something you are gambling! It can be your body, soul, or feelings, it can be money in your pocket or anything else that has some value! Because if your bet doesn't have a value your don't risk, so you don't gamble!
Trading is a skill-based gambling game! And if you wish to win in that game you need to know the rules, and how to play it... the better research you do to prepare yourself the better results you will have! If you just trade on your feelings it's the same as choosing some random sports team to win in some random game! You will win sometimes, but mostly you will be faced with losses!
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Gambling - take risky action in the hope of a desired result.
So life is gambling! We take risky actions our entire life, and we always hope for the desired result! Gambling is everything, but games are different... with different rules, levels of risk, prizes, etc... but the fact is that if you are risking something to get something you are gambling! It can be your body, soul, or feelings, it can be money in your pocket or anything else that has some value! Because if your bet doesn't have a value your don't risk, so you don't gamble!
Trading is a skill-based gambling game! And if you wish to win in that game you need to know the rules, and how to play it... the better research you do to prepare yourself the better results you will have! If you just trade on your feelings it's the same as choosing some random sports team to win in some random game! You will win sometimes, but mostly you will be faced with losses!
In gambling, you will wager a certain amount of money hoping to win a game and therefore make a profit out of it through your winnings.while In case of trading if we put our money in the stock market, we might invest in a certain stock with the hopes that it will increase in value in the future and thus make you a profit too. If a person trades only to win, it is likely gambling.
With correct knowledge and strategy, we can earn decent money from the markets and that,s called trading
That if we are talking about the stock market but we are here in crypto so the one that we will be using is cryptos. Investing is more on a passive side but this is not included in this topic anymore as the op only said trading. People do trading because they want to earn a profit and not to have fun. Trading cryptos are very risky because cryptos are highly volatile than the stock but both are still considered to be a gambling because we can't predict accurately if when will the price head to.With correct knowledge and strategy, we can earn decent money from the markets and that,s called trading
The only main difference of gambling is that you can have fun along with earning some profit but many people disregard it as it's hard to win in gambling.
Not really sure where to drop this thread since it's a compendium of gambling and trading as it seeks to make clearer a blur end.
Which is.
Like the game of chance gambling. Can trading in anyway be likened to gambling and how so?
But before you delve in for contributions, let me throw some light below for a better understanding of the idea behind the thread.
Example:
For when we want to gamble, let say in sport football specifically, we look at certain criteria that aid us to a good bet, such as:
1> Head to Head
2> current form of the club and position on the table.
3> The strength of the opponent, etc.
Likewise in trading before we trade we look as certain measures such as:
1> Market trend and direction
2> The price level, market news and some other criteria too.
Now we all know that before going into trading or gambling its advisable to be emotionally stable and to involve a certain sum you're willing to risk etc, all these are similarities shared both in gambling and trading too.
With these few above I think a clear discussion can well surface to clear the air about a likelihood or not.
well yeah seems almost the same but it's clearly that when it comes trading we can assure that despite of losses we still have a chance to regain afterwards, where in unlike gambling that base on luck only and at the same time very unpredictable and the chance of winning is not clear compared to trading especially if you have skills and enough knowledge because surely you can make good return after all your losses. Which is.
Like the game of chance gambling. Can trading in anyway be likened to gambling and how so?
But before you delve in for contributions, let me throw some light below for a better understanding of the idea behind the thread.
Example:
For when we want to gamble, let say in sport football specifically, we look at certain criteria that aid us to a good bet, such as:
1> Head to Head
2> current form of the club and position on the table.
3> The strength of the opponent, etc.
Likewise in trading before we trade we look as certain measures such as:
1> Market trend and direction
2> The price level, market news and some other criteria too.
Now we all know that before going into trading or gambling its advisable to be emotionally stable and to involve a certain sum you're willing to risk etc, all these are similarities shared both in gambling and trading too.
With these few above I think a clear discussion can well surface to clear the air about a likelihood or not.
Not really sure where to drop this thread since it's a compendium of gambling and trading as it seeks to make clearer a blur end.
Which is.
Like the game of chance gambling. Can trading in anyway be likened to gambling and how so?
But before you delve in for contributions, let me throw some light below for a better understanding of the idea behind the thread.
Example:
For when we want to gamble, let say in sport football specifically, we look at certain criteria that aid us to a good bet, such as:
1> Head to Head
2> current form of the club and position on the table.
3> The strength of the opponent, etc.
Likewise in trading before we trade we look as certain measures such as:
1> Market trend and direction
2> The price level, market news and some other criteria too.
Now we all know that before going into trading or gambling its advisable to be emotionally stable and to involve a certain sum you're willing to risk etc, all these are similarities shared both in gambling and trading too.
With these few above I think a clear discussion can well surface to clear the air about a likelihood or not.
Gambling is just like trading and I don't think there is anything different between it. In trading you have to look at the market and study it using indicators and other tools that makes it easier to understand the market. In gambling too, you have to study the bet you want to bet especially if you are gambling on sport especially football. Gambling and trading has higher risks but people will still prefer gambling to trading because trading needs a lots of efforts knowledge about how the crypto market works. Which is.
Like the game of chance gambling. Can trading in anyway be likened to gambling and how so?
But before you delve in for contributions, let me throw some light below for a better understanding of the idea behind the thread.
Example:
For when we want to gamble, let say in sport football specifically, we look at certain criteria that aid us to a good bet, such as:
1> Head to Head
2> current form of the club and position on the table.
3> The strength of the opponent, etc.
Likewise in trading before we trade we look as certain measures such as:
1> Market trend and direction
2> The price level, market news and some other criteria too.
Now we all know that before going into trading or gambling its advisable to be emotionally stable and to involve a certain sum you're willing to risk etc, all these are similarities shared both in gambling and trading too.
With these few above I think a clear discussion can well surface to clear the air about a likelihood or not.
In gambling, you will wager a certain amount of money hoping to win a game and therefore make a profit out of it through your winnings.while In case of trading if we put our money in the stock market, we might invest in a certain stock with the hopes that it will increase in value in the future and thus make you a profit too. If a person trades only to win, it is likely gambling.
With correct knowledge and strategy, we can earn decent money from the markets and that,s called trading
You had concepted about trading to investing because if we do talk literally about trading then it does really involved that active buying and selling on a particular asset neither it would be crypto,stocks or somethingWith correct knowledge and strategy, we can earn decent money from the markets and that,s called trading
like that because if you do tend to hold then thats called investing and its passive which is totally different when you do make trades. Trading could be ending up like gambling if you do make such activity without
knowing even with the simple mechanics or basic thing which is related to it.
Just like on other things which it would be called gambling whenever you do take up risk without having the full idea or knowledge on what you are dealing with.
This is why its really important to consider that before doing anything else then you should really make yourself aware at least.
In gambling, you will wager a certain amount of money hoping to win a game and therefore make a profit out of it through your winnings.while In case of trading if we put our money in the stock market, we might invest in a certain stock with the hopes that it will increase in value in the future and thus make you a profit too. If a person trades only to win, it is likely gambling.
With correct knowledge and strategy, we can earn decent money from the markets and that,s called trading
With correct knowledge and strategy, we can earn decent money from the markets and that,s called trading
Although trading and gambling opportunities are the same, but I don't agree that trading is the same as gambling, if gambling then we don't need any analysis, but trading requires a deep analysis and also follows the development of the coins we buy, if we are expert For profit is always greater than losing money.
I read a lot here that they compare gambling to crypto trading which is very far from the truth that they are the same.
Crypto trading is a job and gambling is a place where a gambler who loves online games can have fun that includes betting according to what a player has.
Or maybe others say that trading is just like gambling because your assets are used up in the course of trading and their price falls in the market. But that's still not a basis and it's also a wrong understanding because even if the price of the coins you hold in trading falls until you sell them, it can't be said that you've lost, that's not how trading works.
Maybe for other gamblers they think that gambling is also a skill, so they also compare trading with gambling,
that's the problem when there is a lack of knowledge in crypto trading.
Crypto trading is a job and gambling is a place where a gambler who loves online games can have fun that includes betting according to what a player has.
Or maybe others say that trading is just like gambling because your assets are used up in the course of trading and their price falls in the market. But that's still not a basis and it's also a wrong understanding because even if the price of the coins you hold in trading falls until you sell them, it can't be said that you've lost, that's not how trading works.
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Trading can still end up like gambling if the trader is motivated with greed. He thinks that trading is a get-rich-quick scheme so he eventually jump into trading without considering if he has gained enough knowledge and skills. And turned out losing all his funds just like gambling. While gambling is a game of chance and luck, trading is more on skills and strategies. And it takes prior useful experiences to help you succeed in trading.
Maybe for other gamblers they think that gambling is also a skill, so they also compare trading with gambling,
that's the problem when there is a lack of knowledge in crypto trading.
With gambling this happens out of statistics and information gathered relative to the players and the teams involved. With Trading this gets completely associated with the market movements and the prediction connective to the past years.
You only pertained to a specific type of gambling which is sports betting. It is very different from slots, baccarat, and other type of games you can find on a casino or gambling website that heavily relies on luck in order to win.
Trading can also be considered gambling for me if someone trades without enough knowledge. Like some people that do leverage trading just because it can give you huge return. They don't realize how risky it is and how quick they can lose money with just small volatility.
Now we all know that before going into trading or gambling its advisable to be emotionally stable and to involve a certain sum you're willing to risk etc, all these are similarities shared both in gambling and trading too.
With these few above I think a clear discussion can well surface to clear the air about a likelihood or not.
With these few above I think a clear discussion can well surface to clear the air about a likelihood or not.
I doubt so- while both may have their respective risks, trading cannot be likened to gambling.
Gambling is the act of participating into various games (e.g. cards, slots, etc.) with the risk of either winning/losing depending on the wagered amount. On the other hand, trading involves the skill of anaylzing both the intrinsic and extrinsic factors that will arrive and support your conclusion whether to purchase or to sell your coins. While both may involve their respective risks, they have different mechanics that would dictate the pace of your investments.
Generally, gambling is more flexible in a way that you can experiment with other games that would yield you higher chances of winning. Unlike in gambling, trading is more of studying the market and accurately predicting the price.
I don't think trading is the same as gambling.
In trading, it is we who will determine the profit or loss. if you want to get out of a trade you made at a loss of course you do it on your own. it's not a matter of luck or a guess.
In gambling, when you place a bet, you have no control over your bet. It is the results published by the bookie that will determine your fate whether you will win or lose.
I guess the two are completely different.
It's already given above that they have some similarities but not completely the same. In trading, I thought you are the one who determines your outcome? So, why say trade at a loss? It's possible to incur a loss in trading because we don't have a full control with it but it was the market.In trading, it is we who will determine the profit or loss. if you want to get out of a trade you made at a loss of course you do it on your own. it's not a matter of luck or a guess.
In gambling, when you place a bet, you have no control over your bet. It is the results published by the bookie that will determine your fate whether you will win or lose.
I guess the two are completely different.
You only compare trading with sports betting but what about casino games? When you are betting multiple times and you use the autobet function, it is always possible to stop it before you lose all your balance. In sports betting, there is also multi bets and there is an option to cash out early but the profits that you will be getting is much lesser.
Trading is a career and an investment which is totally opposing with gambling which is created for the sole purpose of entertainment and there's no way that you could really make yourself to make a career on this one
and make yourself sustainable.There might be some who do able to do so but its not ideal on forcing yourself on doing so because risk is high but well its your choice.
I don't think trading is the same as gambling.
In trading, it is we who will determine the profit or loss. if you want to get out of a trade you made at a loss of course you do it on your own. it's not a matter of luck or a guess.
In gambling, when you place a bet, you have no control over your bet. It is the results published by the bookie that will determine your fate whether you will win or lose.
I guess the two are completely different.
It's already given above that they have some similarities but not completely the same. In trading, I thought you are the one who determines your outcome? So, why say trade at a loss? It's possible to incur a loss in trading because we don't have a full control with it but it was the market.In trading, it is we who will determine the profit or loss. if you want to get out of a trade you made at a loss of course you do it on your own. it's not a matter of luck or a guess.
In gambling, when you place a bet, you have no control over your bet. It is the results published by the bookie that will determine your fate whether you will win or lose.
I guess the two are completely different.
You only compare trading with sports betting but what about casino games? When you are betting multiple times and you use the autobet function, it is always possible to stop it before you lose all your balance. In sports betting, there is also multi bets and there is an option to cash out early but the profits that you will be getting is much lesser.
Yes and No. Yes because in trading, there's a small element of guessing. No because, In trading the odds are not against you. In trading you can make 90% accurate prediction having acquired sophisticated knowledge of the asset and market, Trading doesn't depend on "luck". You really have to put in the work and do your own homework.
Agreed, the small element of guess could be right as well as wrong. Depending will be the profit/loss. With trading too luck plays it's role when you go with some unpopular project investment. Some gets lucky to make the best out of it, sometimes the same causes big loss. So, luck factor also makes a connect with trading which is part of gambling.In trading, it is we who will determine the profit or loss. if you want to get out of a trade you made at a loss of course you do it on your own. it's not a matter of luck or a guess.
In gambling, when you place a bet, you have no control over your bet. It is the results published by the bookie that will determine your fate whether you will win or lose.
I guess the two are completely different.
Yes and No. Yes because in trading, there's a small element of guessing. No because, In trading the odds are not against you. In trading you can make 90% accurate prediction having acquired sophisticated knowledge of the asset and market, Trading doesn't depend on "luck". You really have to put in the work and do your own homework.
Agreed, the small element of guess could be right as well as wrong. Depending will be the profit/loss. With trading too luck plays it's role when you go with some unpopular project investment. Some gets lucky to make the best out of it, sometimes the same causes big loss. So, luck factor also makes a connect with trading which is part of gambling.
Many users confuse trading to operate just as gambling. Am not saying that's what your saying here @OP but, I've seen instances on the forum where users approach trading with a gambling approach. No proper tools to use in analysis in a bid to understand the market, they just glance and take an entry. Unfortunately, most of them get to be evacuated quickly by the market.
That is to say, trading is infact distinct from gambling.
Gambling is 99% luck and 1% your little experiences and history about the athletes and team.
Trading on the other hand is more about experiencing. This is because, there are signals, trigers in terms of candle pattern and indicators that repeats itself and points to a direction.
In essence, you can predict to some degree of accuracy the direction of a market but not so much about gambling.
That is to say, trading is infact distinct from gambling.
Gambling is 99% luck and 1% your little experiences and history about the athletes and team.
Trading on the other hand is more about experiencing. This is because, there are signals, trigers in terms of candle pattern and indicators that repeats itself and points to a direction.
In essence, you can predict to some degree of accuracy the direction of a market but not so much about gambling.
trading and gambling even if it is sports betting and even though they have some similar things like steps to analyze that you already mentioned, they are different in the part that in trading the person does not lose all money, the person only loses a small part when using Stop - Loss and in the trade one can easily recover from a loss, just buy lower and sell higher.
in sports betting and all or nothing, if the person bets 10$, that person will win or lose the entire 10$, if the person thinks about making a bet to recover the 10$ the person will take more risks like:
1 - the person will need to bet 10$ at an odd of @2.00
2 - The person will need to bet 20$
in both cases the person will run the risk of losing and getting more damage
That's why you shouldn't run to recover what you lost in the gamble
in sports betting and all or nothing, if the person bets 10$, that person will win or lose the entire 10$, if the person thinks about making a bet to recover the 10$ the person will take more risks like:
1 - the person will need to bet 10$ at an odd of @2.00
2 - The person will need to bet 20$
in both cases the person will run the risk of losing and getting more damage
That's why you shouldn't run to recover what you lost in the gamble
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