Can trading be likened to gambling and how so? - page 4.

sovie

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Quote from: Poker Player on July 25, 2022, 02:12:38 AM

Quote from: Eugene Buck on July 25, 2022, 02:06:35 AM

Since there is speculation involved, many compare trading to gambling. But that isn’t the case as trading and gambling are two different things. Trading requires preparation and market analysis, which is certainly not what they do when they gamble.

It depends on the type of gambling. If you study the odds and know the type of gambling, it is more similar to trading. And in some specific games like poker or sports betting, where you can make EV+ bets, it would be even more similar.

If you play roulette while drinking a few drinks to pass the time, no, it is not similar to trading.

Trading and gambling are two different things - but somehow they are also linked together. There are speculation involved and their is a lot of focus needed.
But those who have strong nerves can do the best.
Rest if someone get upset these are not for them

Poker Player

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Quote from: Eugene Buck on July 25, 2022, 02:06:35 AM

Since there is speculation involved, many compare trading to gambling. But that isn’t the case as trading and gambling are two different things. Trading requires preparation and market analysis, which is certainly not what they do when they gamble.

It depends on the type of gambling. If you study the odds and know the type of gambling, it is more similar to trading. And in some specific games like poker or sports betting, where you can make EV+ bets, it would be even more similar.

If you play roulette while drinking a few drinks to pass the time, no, it is not similar to trading.

Eugene Buck

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Since there is speculation involved, many compare trading to gambling. But that isn’t the case as trading and gambling are two different things. Trading requires preparation and market analysis, which is certainly not what they do when they gamble.

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Quote from: Michael White on July 22, 2022, 01:55:53 AM

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.

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Quote from: worle1bm on July 16, 2022, 02:02:19 AM

I personally feel gambling is entirely different from trading and can't be used interchangeably as gambling is pure luck while in trading you have to look at whole market and make strategies to move further and make profits.In gambling you place bet and rest depends on outcome while in trading you choose the coin and money you want to invest on and you can make profits out of them.So this is my approach but it could be different from others.

I cannot really bring myself to agree with you on your idea of gambling being different from trading. When it comes to gambling, you are placing a bet and the rest depends on the outcome of the bet you have placed, and in trading you choose the coin or asset that you want to invest on and you can make profits out of them depending on what’s the outcome, and in both of them you hardly know what would be this outcome right?

So, I kind of have a little disagreement with you on this, because both gambling and trading have some similarities, they both involve giving off an asset in risk of expecting something in return of a desired amount.

Taking a pointer from an article[1] view:

Trading is more of facts and figures
Trading can be done on scientific fundamentals and technicals
There is no house advantage in trading, unlike gambling
Gambling is more like a zero-sum game
There is less of adrenaline and more of discipline in trading
Greater control over the outcome in trading
You can find the explanation here[1]

That is supposed to be the concept difference between trading and gambling.

But with OP's question where he asked if trading can be like gambling in some manner then the link given by blockman pretty much explains why trading can become gambling.

[1] https://www.motilaloswal.com/blog-details/How-equity-trading-is-different-from-gambling../1358

AicecreaME

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Trading and gambling involves risk, however, they have different level of risk. For me gambling is more wild and random, full of false hope and chances but less luck, while trading is the opposite of it, because with the right amount of knowledge the risk from the beginning will lessen. Trading is much worthy in my opinion, reading price charts is easier rather than relying on your luck in gambling.

Anyway, I believe it depends on a certain person on what he really wants to do.

Franctoshi

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Quote from: yhiaali3 on July 15, 2022, 01:15:31 PM

these are gambles trading in a gambling way buying a coin without any study or analysis and waiting for their luck just like gambling either profit or either a loss,

Do You think that most gamblers just go into game and just place their money just like that?, You forgot that same way you do proper analysis on a coin before buying, is the same way gamblers analyse their games. A good gambler/ profitable gambler always researches on their games, let say for example in sports betting, a good gambler would do a proper research on the clubs he/she wants to bet on before putting/ placing his bet. So same way when it comes to gambling in other games like the Casinos.
In my opinion trading and gambling is almost the same but trading is gambling in disguise.

mich

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I absolutely think trading can be linked to gambling. In many ways they are basically the same thing. There is smart, strategic gambling as well as investing and there’s also being reckless with your money. The key here with both gambling and investing is to not take on risks that could potentially

have huge negative consequences. I always recommend never playing with more money then you could afford losing. The key to all this is to minimize your risk and not overextend yourself financially. I love the thrill of investing and gambling but I always try to be levelheaded and take responsibility

for whatever decisions I make.

Michael White

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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.

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Quote from: n0ne on July 18, 2022, 06:15:35 PM

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.

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Quote from: worle1bm on July 16, 2022, 02:02:19 AM

I personally feel gambling is entirely different from trading and can't be used interchangeably as gambling is pure luck while in trading you have to look at whole market and make strategies to move further and make profits.In gambling you place bet and rest depends on outcome while in trading you choose the coin and money you want to invest on and you can make profits out of them.So this is my approach but it could be different from others.

I cannot really bring myself to agree with you on your idea of gambling being different from trading. When it comes to gambling, you are placing a bet and the rest depends on the outcome of the bet you have placed, and in trading you choose the coin or asset that you want to invest on and you can make profits out of them depending on what’s the outcome, and in both of them you hardly know what would be this outcome right?

So, I kind of have a little disagreement with you on this, because both gambling and trading have some similarities, they both involve giving off an asset in risk of expecting something in return of a desired amount.

Trading and gambling are brothers, they both involve giving out money in expectance of profit or a bigger money. In both of them you can lose all your money and people are advised to only trade or gamble with what they can lose. In trading even with high knowledge of charts, the market movements do change that can make you lose, so it looks like gambling because you put your money in what you cannot control.
My question is, someone that knows how to trade can be said to have a skill, can a gambler be said to have a skill?

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Quote from: sovie on July 18, 2022, 07:02:20 PM

Quote from: n0ne on July 18, 2022, 06:15:35 PM

Quote from: GeorgeJohn on July 18, 2022, 05:49:41 PM

Many people misunderstand and quote wrongly between gambling and trading. Some people compare and define gambling with bitcoin as same thing. But from my perspective i have not seen any that collabrate gambling and trading of cryptocurrency. Gambling is game which start with prediction and it's been predicted according to what you observe with both parties. So someone wants to give definition of trading as gambling, the person should give the comparison and differentiate both in a tabular form.

We can't deny that there is no similarity between gambling and trading. According to me, in both trading and gambling we risk to increase our chance of making a good return out of the risked amount. 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.

ANYTHING which brings you instant money and excites you and you lose your peace of mind too is harmful - trading and gambling are same.
Yes - I repeat it takes away so much from person - that they don't even know they are drained and they lose their peace of mind mind

If a trader has that mentality when they are buying or selling a coin then I will agree with you that they are gambling instead of trading, does this mean that trading and gambling are the same? Not really, this just means that those persons do not really know the difference, trading is not an activity in which you should engage in order to obtain some kind of excitement, in fact the most successful traders around the world will tell you that trading is incredibly boring, but that doesn't matter as long as you obtain profits.

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Quote from: worle1bm on July 16, 2022, 02:02:19 AM

I personally feel gambling is entirely different from trading and can't be used interchangeably as gambling is pure luck while in trading you have to look at whole market and make strategies to move further and make profits.In gambling you place bet and rest depends on outcome while in trading you choose the coin and money you want to invest on and you can make profits out of them.So this is my approach but it could be different from others.

I cannot really bring myself to agree with you on your idea of gambling being different from trading. When it comes to gambling, you are placing a bet and the rest depends on the outcome of the bet you have placed, and in trading you choose the coin or asset that you want to invest on and you can make profits out of them depending on what’s the outcome, and in both of them you hardly know what would be this outcome right?

So, I kind of have a little disagreement with you on this, because both gambling and trading have some similarities, they both involve giving off an asset in risk of expecting something in return of a desired amount.

They have similarities and they have also some noticeable or significant differences when it comes to risk involved and on how to deal off with these things.You cant really just tell that its really just the same in most part but it would really be just on common sense on telling the different.

The fact that trading could end up on becoming gambling if you dont really know on what you are doing which is typical or normal but if you are putting some efforts on making some analysis
and knowledge been applied to it then it would be an another story.

If you are finding for leisure then gambling would fit out but if you do go for some investment and earning opportunity then trading would be the best choice.
Both are different in most aspect but only similar to different level of risk involved.

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Quote from: sovie on July 18, 2022, 07:02:20 PM

ANYTHING which brings you instant money and excites you and you lose your peace of mind too is harmful - trading and gambling are same.

You might be confusing spot trading with margin trading or betting on options. These later two are similar to gambling is all aspects but spot trading is not so. Spot is where you need to do your homework on the project that you are investing in and how it has performed over the last few years or months and then only you can place orders to buy or sell. This means that you will need to spend time and brain cells on it and it will not give you an instant pleasure, but pain.

The other types of trading are all based on higher risk than spot. They are easy to place, give instant outcomes and are likened to gambling.

Therefore some types of trading are similar to gambling, not all.

Hyphen(-)

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Quote from: Lida93 on July 14, 2022, 08:04:17 AM

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.

With these few above I think a clear discussion can well surface to clear the air about a likelihood or not.

Looking at the examples you've given, it's obvious that they are unrelated. However, they might be connected if, after careful consideration of all the criteria or examples mentioned above, one game was lost, and perhaps the coin or token traded suddenly crashed or lost value. In both cases, no one expected it to happen that way, so it came as an offset that we are no longer able to control.

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Quote from: Lida93 on July 14, 2022, 08:04:17 AM

Like the game of chance gambling. Can trading in anyway be likened to gambling and how so?

Nope, both aren't in the same category. In trading, there are products to be exchanged while in gambling there aren't. There aren't services exchanged but phantom expectations. That will be my simple way of putting it. Trading is engaging in marketing transactions of one cryptos/currency/commodity in exchange for another while gambling is just the indulgent way of "amicably" attempting to rob others of their cash without offering them anything in exchange. It's just an expected shortcut to quick riches. Nothing else.

sovie

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Quote from: n0ne on July 18, 2022, 06:15:35 PM

Quote from: GeorgeJohn on July 18, 2022, 05:49:41 PM

Many people misunderstand and quote wrongly between gambling and trading. Some people compare and define gambling with bitcoin as same thing. But from my perspective i have not seen any that collabrate gambling and trading of cryptocurrency. Gambling is game which start with prediction and it's been predicted according to what you observe with both parties. So someone wants to give definition of trading as gambling, the person should give the comparison and differentiate both in a tabular form.

We can't deny that there is no similarity between gambling and trading. According to me, in both trading and gambling we risk to increase our chance of making a good return out of the risked amount. 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.

ANYTHING which brings you instant money and excites you and you lose your peace of mind too is harmful - trading and gambling are same.
Yes - I repeat it takes away so much from person - that they don't even know they are drained and they lose their peace of mind mind

n0ne

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Quote from: GeorgeJohn on July 18, 2022, 05:49:41 PM

Many people misunderstand and quote wrongly between gambling and trading. Some people compare and define gambling with bitcoin as same thing. But from my perspective i have not seen any that collabrate gambling and trading of cryptocurrency. Gambling is game which start with prediction and it's been predicted according to what you observe with both parties. So someone wants to give definition of trading as gambling, the person should give the comparison and differentiate both in a tabular form.

We can't deny that there is no similarity between gambling and trading. According to me, in both trading and gambling we risk to increase our chance of making a good return out of the risked amount. 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.

GeorgeJohn

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Many people misunderstand and quote wrongly between gambling and trading. Some people compare and define gambling with bitcoin as same thing. But from my perspective i have not seen any that collabrate gambling and trading of cryptocurrency. Gambling is game which start with prediction and it's been predicted according to what you observe with both parties. So someone wants to give definition of trading as gambling, the person should give the comparison and differentiate both in a tabular form.

crzy

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More likely no than yes. There is excitement, no doubt. When I started working on the demo account of the Amarkets broker, I spent enough time on training in order to get the desired result and understand how to work more correctly.

Learning how to trade first and how the exchange platform work is good, it can give you the total idea on what to expect on the site. Gambling will only become just like trading if you do analyze before you bet but over all, depending on luck should not be your character as a trader. Both can be very emotional, and if you want to succeed you must set aside that emotion, I can say that trading is not that a gambling because you spend time reading the market and its not easy at all.

Topic: Can trading be likened to gambling and how so? - page 4. (Read 1224 times)