Do you consider trading as gambling? - page 66.

bapparabi

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Quote from: keaderza on August 23, 2016, 07:40:29 AM

IMO gambling is gambling as long as it's purely depending on luck and no support for it on other aspects "knowing methods of trading, best methods and ways to earn, specific market analysis", if the trader doesn't know these then it's merely gambling.

No trading and gambling have a very huge difference because on one side where you are betting on your luck and in investment you are actually investing your money WITHOUT ANY RISK for small profits.

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Quote from: keaderza on August 23, 2016, 07:40:29 AM

IMO gambling is gambling as long as it's purely depending on luck and no support for it on other aspects "knowing methods of trading, best methods and ways to earn, specific market analysis", if the trader doesn't know these then it's merely gambling.

You are right. When trading, you have to do research and analysis how things will change before you do your trading. In this way, you will be able to reduce your risk of losing and make intelligent action. However, if you are blindly trading than there is no different from gambling where you purely rely on luck.

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Quote from: mirakal on August 23, 2016, 08:27:01 AM

Quote from: keaderza on August 23, 2016, 07:40:29 AM

IMO gambling is gambling as long as it's purely depending on luck and no support for it on other aspects "knowing methods of trading, best methods and ways to earn, specific market analysis", if the trader doesn't know these then it's merely gambling.

Nicely said, because when we are gambling most likely we are just reliance in our luck but when we are in trading we could do pure gambling which is not researching and investing which is a more positive approve as we will take effort to get the necessary information to analyze the market movement well.

Addiction is a sure thing we get in the gambling and also in gambling will certainly make us into the wrong person's demeanor and don't understand the direction of the road. So it is an investment into the trade is more fun, more profitable and certainly the risk that there is much smaller than gambling.

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Quote from: keaderza on August 23, 2016, 07:40:29 AM

IMO gambling is gambling as long as it's purely depending on luck and no support for it on other aspects "knowing methods of trading, best methods and ways to earn, specific market analysis", if the trader doesn't know these then it's merely gambling.

Nicely said, because when we are gambling most likely we are just reliance in our luck but when we are in trading we could do pure gambling which is not researching and investing which is a more positive approve as we will take effort to get the necessary information to analyze the market movement well.

keaderza

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IMO gambling is gambling as long as it's purely depending on luck and no support for it on other aspects "knowing methods of trading, best methods and ways to earn, specific market analysis", if the trader doesn't know these then it's merely gambling.

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Quote from: outatime1 on August 19, 2016, 09:18:59 PM

I would not consider trading to be gambling for a few reasons. First you are trading bitcoins for another currency so you are getting something in return. Also, you are making trades based on trends of the market so you have some control over the price that you buy and sell. In other words, it's not all left to chance.

yes i am agree with you. i think that is a good reason why bitcoin is different from gambling, to me in trading you always have a chance of returning your lost money while in gambling there is no chance to return your money without investing more money in gambling.

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Quote from: Achargeturry78 on August 23, 2016, 06:28:32 AM

For me its just the same. In the two, we both take risk of loosing money but then i think Trading is safer than gambling because when gambling, the big chance of loosing but in trading, we can have our trusted people to deal with. You just have to chose the right one for you to have a profit and earn money not to lose money.

I dont really agree, yes both of the action has a risk of losing money, but in trading we can minimize then losing percentage, which is by experience and through learning chart, in gambling we dont have any of that, we just rely on our luck to win the game, and sometimes you can earn more in trading

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For me its just the same. In the two, we both take risk of loosing money but then i think Trading is safer than gambling because when gambling, the big chance of loosing but in trading, we can have our trusted people to deal with. You just have to chose the right one for you to have a profit and earn money not to lose money.

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Quote from: freedomgo on August 19, 2016, 10:49:12 PM

Quote from: sempak on August 19, 2016, 09:22:37 PM

Quote from: outatime1 on August 19, 2016, 09:18:59 PM

I would not consider trading to be gambling for a few reasons. First you are trading bitcoins for another currency so you are getting something in return. Also, you are making trades based on trends of the market so you have some control over the price that you buy and sell. In other words, it's not all left to chance.

exactly once, in our trading is everything .we can control and do whatever we want. whereas gambling game does not have full control of what we do. gambling and trading are very different.

Our control only in gambling is when putting our bets then after that we shall be waiting for the result. And maybe we just have to rely on our luck but if you really want to make money I would not say that is not in gambling, trading is the best venture to learn as you have more chances.

But if people are winning in gambling we start to get greedy because they want to earn more. Then we can't control ourselves from betting more until we just lose all what we already win. I can say that trading is really a profitable way if you want to earn online rather tham gambling. Trading can even make you rich if that is your passion.

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Quote from: teilwalL05 on August 20, 2016, 12:31:03 AM

Quote from: ayesha sadiqa on August 18, 2016, 03:31:28 PM

although trading is also risky but still i cannot consider trading as gambling because in there you need some skill and knowledge about the trade you are interested in, but gambling is totally depending on luck,

That's true, I do not also consider trading as gambling. These two are totally different at all. Maybe they have the same with just one thing and that is “money involve”. But in trading you must need knowledge and strategy also for you to become rich in the future. Some investor becomes rich because they do the right thing in investing.

in trading, the money we have is used to buy another for example altcoin or fiat or btc. if somehow the market has got pump for the coins we buy, then we can get profit but if the market has got dump, we are not loss all but we only loss in price of the coin. but in gambling, the money we have is used to make a bet. if somehow we got win, we can win big money, but if somehow we got loss, then we can loss all the money we have.

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Quote from: nejibens on August 19, 2016, 06:41:16 PM

Trading is also risky somehow like gambling, but there is some differences , in my opinion. If you study enough the market and having good strategy and experience, you can earning mostly with trading, but gambling depend only in luck

Nope you are wrong because in trading you cant get as much and as fast as gambling but of course you need luck to gamble meanwhile in trading there is no need luck, just some of your huge amount to get fast money

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Quote from: ayesha sadiqa on August 18, 2016, 03:31:28 PM

although trading is also risky but still i cannot consider trading as gambling because in there you need some skill and knowledge about the trade you are interested in, but gambling is totally depending on luck,

That's true, I do not also consider trading as gambling. These two are totally different at all. Maybe they have the same with just one thing and that is “money involve”. But in trading you must need knowledge and strategy also for you to become rich in the future. Some investor becomes rich because they do the right thing in investing.

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Quote from: angaper on August 19, 2016, 09:11:39 PM

I have been a Forex trader for almost five years and I have realized that there are great similarities between gambling and trading, especially because of the usual uncertainty and unpredictability of markets. And that is why there is no strategy or analytical method that can guarantee 100% accuracy in our trading decisions, and even best trader would eventually need the valuable help of luck to ensure a consistent profitability.

This answer definitely cover it all. Gambling, investing or speculation (trading) are basically different branches of one tree.
You may have slightly better chances of 'winning' by conducting trades, but won't be able to diminish all the risks.

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Quote from: sempak on August 19, 2016, 09:22:37 PM

Quote from: outatime1 on August 19, 2016, 09:18:59 PM

I would not consider trading to be gambling for a few reasons. First you are trading bitcoins for another currency so you are getting something in return. Also, you are making trades based on trends of the market so you have some control over the price that you buy and sell. In other words, it's not all left to chance.

exactly once, in our trading is everything .we can control and do whatever we want. whereas gambling game does not have full control of what we do. gambling and trading are very different.

Our control only in gambling is when putting our bets then after that we shall be waiting for the result. And maybe we just have to rely on our luck but if you really want to make money I would not say that is not in gambling, trading is the best venture to learn as you have more chances.

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Quote from: outatime1 on August 19, 2016, 09:18:59 PM

I would not consider trading to be gambling for a few reasons. First you are trading bitcoins for another currency so you are getting something in return. Also, you are making trades based on trends of the market so you have some control over the price that you buy and sell. In other words, it's not all left to chance.

exactly once, in our trading is everything .we can control and do whatever we want. whereas gambling game does not have full control of what we do. gambling and trading are very different.

outatime1

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I would not consider trading to be gambling for a few reasons. First you are trading bitcoins for another currency so you are getting something in return. Also, you are making trades based on trends of the market so you have some control over the price that you buy and sell. In other words, it's not all left to chance.

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Quote from: sulendra12 on August 19, 2016, 07:57:37 PM

Quote from: Zadicar on August 19, 2016, 07:11:52 PM

Quote from: Hellacopter on August 19, 2016, 06:57:23 PM

Trading isn't like gambling, trading is more safe than gambling, because you can make good earning with trading and the risk if lose could be minimized, but gambling is so risky and depending with luck

Agree with you pal, even trading have risk on losing your money but its not compared to the risk involved in doing gambling since the risk is very high compare to trading. Same as you said you could minimize the risk in trading by having a good analytic skills and you know the movement of market.

If you lose on trading , you not really lose all your money just decreased your value . Unlike gambling where you lose , you lose your money at the moment. Both trading and gambling also have a risk , like scam sites or manipulated roll in dices .

In trading also traders can most of their money if they don't exit on right time because lot of traders trade on leveraging money. Once you leverage then if you don't exit on correct time then you may also lose most of your money in trading so always trade with your own money to reduce your huge loss in trading. Just buy and keep it until prices go up or you can sell if prices are going down for less losses.

angaper

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I have been a Forex trader for almost five years and I have realized that there are great similarities between gambling and trading, especially because of the usual uncertainty and unpredictability of markets. And that is why there is no strategy or analytical method that can guarantee 100% accuracy in our trading decisions, and even best trader would eventually need the valuable help of luck to ensure a consistent profitability.

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Quote from: Zadicar on August 19, 2016, 07:11:52 PM

Quote from: Hellacopter on August 19, 2016, 06:57:23 PM

Trading isn't like gambling, trading is more safe than gambling, because you can make good earning with trading and the risk if lose could be minimized, but gambling is so risky and depending with luck

Agree with you pal, even trading have risk on losing your money but its not compared to the risk involved in doing gambling since the risk is very high compare to trading. Same as you said you could minimize the risk in trading by having a good analytic skills and you know the movement of market.

If you lose on trading , you not really lose all your money just decreased your value . Unlike gambling where you lose , you lose your money at the moment. Both trading and gambling also have a risk , like scam sites or manipulated roll in dices .

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Quote from: Hellacopter on August 19, 2016, 06:57:23 PM

Trading isn't like gambling, trading is more safe than gambling, because you can make good earning with trading and the risk if lose could be minimized, but gambling is so risky and depending with luck

Agree with you pal, even trading have risk on losing your money but its not compared to the risk involved in doing gambling since the risk is very high compare to trading. Same as you said you could minimize the risk in trading by having a good analytic skills and you know the movement of market.

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