Gambling is different from trading - page 2.

Tony116

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Quote from: tygeade on June 21, 2023, 12:40:19 PM

Quote from: Tony116 on June 21, 2023, 05:04:49 AM

Quote from: Patrol69 on June 19, 2023, 03:36:39 AM

Trading and gambling are two different things. Trading is done by using your skills to analyze the market and buy any coin at the right time and sell that coin at a profit. Gambling is betting on something with money to win or lose is usually called gambling. Gambling can be done on various online platforms. Bets can be placed on the win or loss of other sports including football cricket matches. Gambling is more risky than trading. In gambling one has to depend a lot on luck but in trading one does not have to depend on luck as trading has to be done entirely on one's own skill.

Yes, both are different though both carry the risk of losing money and have the same goal of making a profit. To make a profit in trading, you need to converge many factors such as knowledge, skills, experience, and news... but saying that trading without luck is not true. Whether you invest, business, or trade, luck is always essential. That's why you see many people who have good knowledge, good skills, and rich experience but never succeed in life because they are unlucky. Luck is something we can't learn, can't buy, can't see, but it's an integral part of anyone's success.

I agree, you need to study and be very good at what you do, but when it comes down to luck, you need some of that as well. There is nobody that can say I do not need luck, even warren buffet needs luck time to time, and he will tell you that himself as well, everyone needs luck time to time. I believe that as long as you are doing the right thing then there is nothing wrong with getting a bit lucky time to time as well.

I personally do my best when I am trading, I study and I read the charts and I look at it that point of view, but that doesn't mean that I will be making any profit based on that at all, I will make a profit on how me getting ready for it, meets being lucky together, that's how I make a profit, because all the study in the world, if you are unlucky then something happens and you lose money.

Just relying on luck, we cannot succeed in trading or any field, but without luck, we will never succeed. Indeed, billionaires like Warren Buffet or Elon are really the genius of the world, they have talent, but without luck, they will not be like today. Many people succeed and become rich but are arrogant and always think that they succeed by their own strength and skills, they think they don't need luck. It's just that they don't see it, I honestly don't believe anyone whose success doesn't come with luck. When we trade or invest, we need the luck to succeed.

dansus021

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just leave a simple comment here Gambling is different from trading tho at some point trading had no different from gambling especialy if you trade with a lower timeframe that indicator or pattern doesn't work and bunch of wick candles and just enter market with a blank mind Grin

That is when trading becomes a pure gambling

tygeade

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Quote from: Tony116 on June 21, 2023, 05:04:49 AM

Quote from: Patrol69 on June 19, 2023, 03:36:39 AM

Trading and gambling are two different things. Trading is done by using your skills to analyze the market and buy any coin at the right time and sell that coin at a profit. Gambling is betting on something with money to win or lose is usually called gambling. Gambling can be done on various online platforms. Bets can be placed on the win or loss of other sports including football cricket matches. Gambling is more risky than trading. In gambling one has to depend a lot on luck but in trading one does not have to depend on luck as trading has to be done entirely on one's own skill.

Yes, both are different though both carry the risk of losing money and have the same goal of making a profit. To make a profit in trading, you need to converge many factors such as knowledge, skills, experience, and news... but saying that trading without luck is not true. Whether you invest, business, or trade, luck is always essential. That's why you see many people who have good knowledge, good skills, and rich experience but never succeed in life because they are unlucky. Luck is something we can't learn, can't buy, can't see, but it's an integral part of anyone's success.

I agree, you need to study and be very good at what you do, but when it comes down to luck, you need some of that as well. There is nobody that can say I do not need luck, even warren buffet needs luck time to time, and he will tell you that himself as well, everyone needs luck time to time. I believe that as long as you are doing the right thing then there is nothing wrong with getting a bit lucky time to time as well.

I personally do my best when I am trading, I study and I read the charts and I look at it that point of view, but that doesn't mean that I will be making any profit based on that at all, I will make a profit on how me getting ready for it, meets being lucky together, that's how I make a profit, because all the study in the world, if you are unlucky then something happens and you lose money.

Tony116

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Quote from: Patrol69 on June 19, 2023, 03:36:39 AM

Trading and gambling are two different things. Trading is done by using your skills to analyze the market and buy any coin at the right time and sell that coin at a profit. Gambling is betting on something with money to win or lose is usually called gambling. Gambling can be done on various online platforms. Bets can be placed on the win or loss of other sports including football cricket matches. Gambling is more risky than trading. In gambling one has to depend a lot on luck but in trading one does not have to depend on luck as trading has to be done entirely on one's own skill.

Yes, both are different though both carry the risk of losing money and have the same goal of making a profit. To make a profit in trading, you need to converge many factors such as knowledge, skills, experience, and news... but saying that trading without luck is not true. Whether you invest, business, or trade, luck is always essential. That's why you see many people who have good knowledge, good skills, and rich experience but never succeed in life because they are unlucky. Luck is something we can't learn, can't buy, can't see, but it's an integral part of anyone's success.

harizen

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Quote from: Promocodeudo on June 10, 2023, 07:43:49 AM

I was doing a comparison between gambling and trading I find out that their is merging between trading and gambling, I want to explain the categories of trading and gambling from my research gambling don't have to do with skills, but people prefer gambling than trading, While trading is a skill that you will learn and understand the basic factors that can hinder your trading not to be successful, a trader can notice it's mistakes after loss and make corrections while a gambler mistakes can't be corrected because it deals with prediction.

So I prefer trading more than gambling because it is a skill and it can be controlled.

That depends on what you think you can handle, either trading or the usual gambling. Explore your abilities and skills.

As you pointed out, most people prefer the usual gambling because honestly, trading is too technical to learn by the majority. Although if you will lurk, at only trading groups, obviously you will notice that there are a great number of traders too around.

It's your own preference to choose - e.g. based on your favorite, your comfort zone, knowledge, etc.

Either way though, our own money is at risk here that's why always take note of the "do's and don'ts".

Ever-young

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To be honest, such a comparison looks rather strange at all. I could compare cryptocurrency and forex, but gambling and trading... are completely different concepts.

There are a little similarities between both, both at thesame time they are still not to be compared. Gambling when you lose you lose no hope of getting it back unless you wager with another money again, but for crypto when you buy and lose in profit all you just have to do is hold on small and wait for the market to go back up and profit and your invested money will definitely be realize.

Black susano

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Quote from: Promocodeudo on June 10, 2023, 07:43:49 AM

I was doing a comparison between gambling and trading I find out that there is a merging between trading and gambling, I want to explain the categories of trading and gambling from my research gambling doesn't have to do with skills, but people prefer gambling to trade, but I kicked against gambling because it does not have the control that leads to victory during the time of diecasting your prediction in gambling, therefore I concluded that gambling has to do with luck.

While trading is a skill that you will learn and understand the basic factors that can hinder your trading not to be successful, a trader can notice its mistakes after a loss and make corrections while a gambler's mistakes can't be corrected because it deals with prediction. I notice that people do not put their money much in gambling as trading whereas the risk and loss are more efficient in gambling than trading. When we study trading very well there is no way we can trade in a month without making a profit and as a beginner in trading, we don't need to start trading with money that we can not afford to lose while gambling so many people gamble with their salary and last money. So I prefer trading more than gambling because it is a skill and it can be controlled.

(OP) in my point of view, I like to say trading and gambling are somehow inline working hand in hand cause the two are all risky in my scenario that is how I see them also I will say gambling is like a lucky game all about the prophecy of games, I will say gambling is easier than trading, but note this because you don't like something don't give you rights to denigrate it, I do gamble a lot and it has save my life a lot in time of finance and also take notes it can be controlled it as if gambling is now turning into a crime scene remember it owns the world too,
More gambling is also like trading because the more you put the more you gain a lot more for it so I don't see the reason why it is been called names, a gambler can get up from his bedroom and just select a game of $100 and overnight his become rich in just a game that all, so let not make it look like trading is more important than gambling.

Adams0001

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Quote from: Promocodeudo on June 10, 2023, 07:43:49 AM

I was doing a comparison between gambling and trading I find out that their is merging between trading and gambling, I want to explain the categories of trading and gambling from my research gambling don't have to do with skills, but people prefer gambling than trading, but I kicked against gambling because it does not have control that leads to victory during time of diecasting your prediction in gambling therefore I concluded that gambling have to do with luck.

Many individuals have compared trading to gambling throughout the years, and they're not far off. But, when we dig a little deeper, we discover that there are just as many differences as there are commonalities. Both contain an element of danger, of course, and both requires putting up a specific amount of money in the goal of predicting the outcome of an event (or series of events), which is why the two are frequently linked in popular discussion.

CarnagexD

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Quote from: Promocodeudo on June 10, 2023, 07:43:49 AM

I was doing a comparison between gambling and trading I find out that their is merging between trading and gambling, I want to explain the categories of trading and gambling from my research gambling don't have to do with skills, but people prefer gambling than trading, but I kicked against gambling because it does not have control that leads to victory during time of diecasting your prediction in gambling therefore I concluded that gambling have to do with luck.

While trading is a skill that you will learn and understand the basic factors that can hinder your trading not to be successful, a trader can notice it's mistakes after loss and make corrections while a gambler mistakes can't be corrected because it deals with prediction. I notice that people do not put their money much in gambling than trading whereas the risk and loss is more efficient in gambling than trading. When we study trading very well there is no way we can trade in a month without making profit and as a beginner in trading we don't need to start trading with money that we can not afford to loss, while in gambling so many people gamble with their salary and last money. So I prefer trading more than gambling because it is a skill and it can be controlled.

They are both the same differently. Both are the same if you want a different result from 95% percent of people, you must act differently like the remaining 5%. If you want a bigger profit, you must act professionally. If you want to last long in the game, you must practice risk and money management. If you don't want to be a degen, then have discipline.

Both are different in the way that it is being played. Or the strategy compares gambling with very many varieties of games. It just means that if you have a system in play, you create your own luck in any of the two be it gambling or in trading.

Jwest

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Trading what you see, After a confirmation is what I call trading. But after confirmation and you still have doubt and you trade what you think out of fear, I call that gambling.

Patrol69

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Trading and gambling are two different things. Trading is done by using your skills to analyze the market and buy any coin at the right time and sell that coin at a profit. Gambling is betting on something with money to win or lose is usually called gambling. Gambling can be done on various online platforms. Bets can be placed on the win or loss of other sports including football cricket matches. Gambling is more risky than trading. In gambling one has to depend a lot on luck but in trading one does not have to depend on luck as trading has to be done entirely on one's own skill.

justdimin

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Quote from: tjtonmoy on June 14, 2023, 11:43:26 AM

Trading is a skill we learn through a process. It requires learning many things, such as analyzing skill, risk control, understanding market movements etc. It includes risks too. But with experience, we can make profits. But not every time, we make losses too.
As in gambling, it's a 50/50 chance on every possible outcome. People makes profits and losses in here too. In the end, it truly comes to luck while gambling.
So trading and gambling has a thin line between them. But at the same time, they have their differences. Not everyone can start trading as soon as they please. It takes time and dedication to learn the process. On the other hand, anyone can just pop up in a gambling platform and start right away. And gambling is designed in such a way that it will always feel newbie friendly. It's so easy that often times it turns into an addiction.

For my perspective, I think we can compare between betting and trading to be much similar. Because in betting, you need to collect data, make analysis, then place your bet. It's also a 50/50 chance. So it also have difference.
There's no doubt that gambling is different from trading.

It takes time as well, you need to learn all those things and people think that you can learn them very quickly but the reality is that it takes such a long time to learn it. After just a month of studying about how to be a better trader, if you think that you learned all you could learn, then you are wrong. People keep finishing one source and think that since all of that source is over and they learned everything there, that means there is nothing left to learn and they should start trading.

In reality, we all know that's not the case and it is never going to be one at all. We should personally assume that the best thing to do in this case would be having more and more sources ready so that we can check them all and see if there are any different material to learn.

borovichok

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Quote from: freedomgo on June 14, 2023, 04:35:45 PM

Yes. Gambling is completely different from trading since trading will make you more profits and able to grow them more but in gambling, the more you decide to gamble more, the more you become susceptible to losing. And while trading follows certain skills and strategies in the market, gambling do not have any of them. As long as you have luck, you can always gamble and end up winning or losing your capital.

We make our choices, and choose the one that best suits our style. They both have risks and rewards, therefore we should use extreme caution while selecting any alternative. Gambling and trade are not the same thing; neither has any connections. Gambling is better ideal for people who have saved up extra money; I would not advise anyone to gamble without a backup plan because anything can happen, including losses and even worse things. Trading comprises market activities; we have complex responsibilities to complete in hopes of helping accomplish substantial projects in the market.

inthelongrun

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To be honest, such a comparison looks rather strange at all. I could compare cryptocurrency and forex, but gambling and trading... are completely different concepts.

Yeah, for me it is not even really that comparing knowing the other one is for entertainment purposes only and not something we look forward to earning money. Although we can also earn money in gambling when luck is on our side that is something we can never rely on. That is why every gambling site has a page concerning irresponsible gambling.

Whereas trading is done in order to earn money. Trading is business. You don't just trade for fun. They don't even fall into the same category. When you take up any kind of financial courses like accounting, management, etc. you won't be taught about gambling. Actually, gambling is not even discussed in any financial subjects. And trading is not about luck but knowledge, psychology, and skills.

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Quote from: rozak on June 17, 2023, 09:27:05 PM

when a trader and a gambler do both of these things, either trading or gambling. they will know the opportunities as well as the risks of both. except for those who trade and don't know how to use trading techniques or strategies. then they are indeed gambling by trading crypto assets.

when you are a professional Trader is what we call risk management risk management is basically things you need to put in place to make sure that you manage your loss or even get out of the market if things are not going your direction but this is no so with gambling. However, in gambling it is either a win or a loss. After you have made your bets, there's no confidence that if anything is going against you can pull out like you just make your prediction and pray for the universe to help you win.

Quote

I mean, when someone trades without any knowledge, without any skills. and only as long as making buy and sell orders. then it can indeed be said that someone is gambling with the assets he trades.

Also, a trader knows normally that he cannot risk more than three percent off at most of their total trading Capital which means if he has like 100 dollar he cannot spend more than three dollar in one trade you know. In addition, you know the position you need to use your stop-loss how you can manage your losses. This is different from gambling.

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Quote from: Oilacris on June 17, 2023, 06:55:51 PM

Leisure time is totally different from investment or simply trading when it comes to risks in between worlds. Yes, risks is there but the level and the way on someone would really be dealing with it

could be able to differentiate in between risks. Its something that could really be able to compare because there are various factors which would really be affecting it out overall.

Different things does need up different approaches on which if you do gamble then you should do it for fun, but if you are making some trading then you should do it
like its an investment or business which you would really be needing to be serious or having that approach into it.

On the time that you would be able to realize both things then you wouldnt really be finding yourself fall into those wrong doings since you are aware on how to deal each one of them.
This is the most important that you should really be needing to put up into your mind.

when a trader and a gambler do both of these things, either trading or gambling. they will know the opportunities as well as the risks of both. except for those who trade and don't know how to use trading techniques or strategies. then they are indeed gambling by trading crypto assets.
I mean, when someone trades without any knowledge, without any skills. and only as long as making buy and sell orders. then it can indeed be said that someone is gambling with the assets he trades.

Oilacris

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Quote from: Sanitough on June 15, 2023, 04:41:38 PM

Quote from: freedomgo on June 14, 2023, 04:35:45 PM

Yes. Gambling is completely different from trading since trading will make you more profits and able to grow them more but in gambling, the more you decide to gamble more, the more you become susceptible to losing. And while trading follows certain skills and strategies in the market, gambling do not have any of them. As long as you have luck, you can always gamble and end up winning or losing your capital.

Right. Trading and gambling may have their own individual risk, but it’s clear that when you trade with high knowledge and skills, you will have bigger chances to win your trades and gain significant amount of profits. But if you trade simply because you need quick money without even getting aware on how the crypto market works, no experience at all, certainly you are seeing trading as a form of gambling. That way, you are letting yourself to lose your money than to create a good amount of income.

Leisure time is totally different from investment or simply trading when it comes to risks in between worlds. Yes, risks is there but the level and the way on someone would really be dealing with it

could be able to differentiate in between risks. Its something that could really be able to compare because there are various factors which would really be affecting it out overall.

Different things does need up different approaches on which if you do gamble then you should do it for fun, but if you are making some trading then you should do it
like its an investment or business which you would really be needing to be serious or having that approach into it.

On the time that you would be able to realize both things then you wouldnt really be finding yourself fall into those wrong doings since you are aware on how to deal each one of them.
This is the most important that you should really be needing to put up into your mind.

EarnOnVictor

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Quote from: Sanitough on June 15, 2023, 04:41:38 PM

Quote from: freedomgo on June 14, 2023, 04:35:45 PM

Yes. Gambling is completely different from trading since trading will make you more profits and able to grow them more but in gambling, the more you decide to gamble more, the more you become susceptible to losing. And while trading follows certain skills and strategies in the market, gambling do not have any of them. As long as you have luck, you can always gamble and end up winning or losing your capital.

Right. Trading and gambling may have their own individual risk, but it’s clear that when you trade with high knowledge and skills, you will have bigger chances to win your trades and gain significant amount of profits. But if you trade simply because you need quick money without even getting aware on how the crypto market works, no experience at all, certainly you are seeing trading as a form of gambling. That way, you are letting yourself to lose your money than to create a good amount of income.

You are viewing this from an entirely different trading and gambling perspectives, but be sure that there is gambling in trading, this is not about gambling in betting as widely viewed by many. The main gist here is simple as stated below:

1. If you are working with the market with a well-known strategy/pattern/style/system/plan as you might call it and do not renege in them, then you are trading.

2. But if you are working with the market with no knowledge or a known approach, then you are gambling.

These are what the OP needs in this context.

irhact

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Quote from: Ico.best on June 15, 2023, 08:52:48 AM

It is interesting to discuss these two categories.

Gambling and trading are different? What if I give the opposite parable, that Gambling and trading are the same?

Actually, this depends on each person's perception, but a little bit from that, actually between gambling and trading is not much different. The principle of trading itself is how there are 2 components that are exchanged, does this also not apply to gambling?
Let's explore more about this world, where in gambling there are exchanges that occur between currency and betting (both losses and profits, and this also applies to trading).

You're making a mistakes here, the definition of both gambling and trading doesn't depend on each individual understanding. This mistakes is why people gamble while trying to trade, they don't have a strategy but just hopeful the market will go in their favor just as it does when they're gambling. When they do this and because successful, they think that's how trading works but this type of traders will lose everything soon in the market.

Gambling has no work needed, you don't have to study gambling because there's no pattern to how to win but if you're trading and learnt how to interpret the market to be able to predict the direction the market will move you can find a pattern and use it to make successful trades.

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Quote from: freedomgo on June 14, 2023, 04:35:45 PM

Yes. Gambling is completely different from trading since trading will make you more profits and able to grow them more but in gambling, the more you decide to gamble more, the more you become susceptible to losing. And while trading follows certain skills and strategies in the market, gambling do not have any of them. As long as you have luck, you can always gamble and end up winning or losing your capital.

Right. Trading and gambling may have their own individual risk, but it’s clear that when you trade with high knowledge and skills, you will have bigger chances to win your trades and gain significant amount of profits. But if you trade simply because you need quick money without even getting aware on how the crypto market works, no experience at all, certainly you are seeing trading as a form of gambling. That way, you are letting yourself to lose your money than to create a good amount of income.

Topic: Gambling is different from trading - page 2. (Read 991 times)