Topic: Gambling is different from trading - page 3. (Read 978 times)

Luck is we do really need to have whether on gambling or trading but to the extent about in leveling with the risks then gambling would really be needing more than with trading. We know that once we do

deal up with trading then you would really be normally be needing to make out some analysis so that you would really be able to make out some good trades which it would  really be lessening out the risks
via making those analysis and research of course on which it would really be that sensible for someone who do trade on doing such thing rather than on making up some positions without having those kind of steps or considerations which it would really be automatically considered to be gambling in the first place.

It is really just a difference when it comes to risks levels and according on what level it would be having then this is where you would really be needing to adjust. It is really just not
that hard to find out its main differences because you could actually see it on point.

Generally, it is because you can play good strategies in trading while in gambling, you only rely on luck. This means that if you earning a good profit in trading is likely possible but never say there is no chance of losing. But it gambling, your chance of losing your money is quite high, and if you are unlucky in the time you gamble, that possibly it will empty your pocket.
You can be good at trading as you gain more experience but in gambling, the chances are still the same, and the more we gamble, the more we lose.

Yes. Both are actually relying on luck, but trading is more than that since you can’t expect a successful trade if you are not making a good market analysis and you are not knowledgeable and skillful in your trading career. Otherwise, you will fall trading into gambling. Gambling on the other hand, is solely relying on luck and chances, and regardless if you are a newbie, you can make life changing profits once you are extra lucky, or you can lose them all in an instant just like even long time gamblers experienced.

First, I want to agree that gambling and trading are indeed two different things, but I completely disagree with the part of your comment I bolded, I dont know exactly what the word "possibility" and the Word "chance" respectively mean to you, but if I am to put it exactly the same way you put it, I would say that there is both the possibility and chance of losing money in both trading and gambling.

We all know and would agree that the best part of gambling relies more on luck and less on skill, but the best part of trading relies more on skill and less on luck, trading and gambling are like the opposite sides of the same thing..
Gambling is gambling, whether its a luck based game being played, or skill/knowledge based game, but then, trading, which has everything to do with skill, is referred to as gambling, if the trader does not have any skill required to trade, this means that the absence of skill in trading is what turns it to gambling sort of.

Trading is much more different from gambling but those individuals who start trading but they they don't have any knowledge about trading then they consider trading as a gambling in which they will win or loss according to their good or bad luck.

Individuals who are unable to manage their emotions and because of these emotions they continously put money to recover their money and continously losses that putted percentage so this type of trading is also a gambling.

Always choose the right path and it will depends on a person that he uses his knowledge for success or totally work according to the luck.

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).

HuH!!! That is very different between gambling and trading!!! Well, let's try to explore further.

The principle of trading using the right MONEY MANAGEMENT.

Of course, this is always the main thing when you want to be successful in the world of trading. The MM principle is very important as a support and every trader has different MM principles.

Then does that also not apply to gambling?

Of course, a reliable gambler will also think about how to reduce risk and increase profits. And the most appropriate way of doing this is to use the principles of money management.


Both gambling and trading actually all have a positive side, depending on how we react to it and do it right.

This is not entirely true because there are some games that require skill so not all gambling is based on luck alone and also sports betting requires the ability to analyze because betting without analyzing first is tantamount to basing it on luck alone.


what makes it the same is when trading without skills and many traders do just that

whereas the money used really depends on the abilities of each person, there are also gamblers who bet with one bet with a large value and trade there are also people who only use small funds, so your judgment is not entirely correct, and gambling and trading will be very it is advisable to use money that we can afford to lose

Gambling and trading are two different things. In gambling you either make money or you lose money but in trading it is not like that. There is a possibility of losing money while trading but there is no chance of losing money. Even with our own experience in gambling, most of the time our predictions are not correct and as a result we lose bets even with relatively strong teams. It is possible to earn good amount of money from trading if you can gain enough knowledge about trading and apply your ideas to experience. Market Chart Candles Which Coins Are Good For Trading Having an idea about these I think trading is better.

Depends on the gambling you game, many do get into luck based on its gameplay but there goes the rest that doesn't rely on it that much. And we could feel in luck based games if we're lucky enough but then not all times our feelings are right.

That's right.
There's no escape on both of them for being risky, you choose what risk you'll take because for me I know what I'll choose.

I would like to note that gambling is different. Playing cards or rulette in casino and betting on sports events aren't the same thing.
These are different things, but there is a very thin line between gambling and trading. I mean, when someone bets money blindly, in the hope that the coin will grow and give him a profit, without analyzing it before or betting the last money, then I would call this trade gambling

In trading, you study, analyze, wait, and then make a deal. Not so in gambling, in gambling a person guesses more and hopes for luck.
In trading, there is an opportunity to analyze the market, draw conclusions from past transactions, form a strategy, etc., but not in gambling. There is mostly luck in gambling

If we are trading that relies on LUCK, it was not far from like acting we are gambling. Many traders underestimate the market volatility and they'll think it can easy to earn even without good knowledge and trading skill. Many traders had lose their money because of such thinking and guess what, all of them are blaming the market, but not themself. And yes, everything that happens in trading was our decision and the results depend on it. But in gambling, we can do nothing but wait for the result of every bet that we made -and whether we lose or win, we have nothing to do with that.

But in trading it's not entirely relying on luck since knowledge is your edge to make a right decision based on your analysis and understanding about the market and the coins that you'll going to trade. Hence, you can maximize the possibility to profit and it's not because you just blindly buy but you have knowledge about it.

While on gambling, you have no control on the game play. Hence there's no way you can influence the result of the certain game because it's solely relying on luck unless you're playing a skill-based games like sports betting. Anyway trading and gambling are both risky and that's their similarity.

As I said in my previous post, this is called House always wins in the long run. No matter what game are you playing. If you play it for a long time, there is always a chance you might end up losing your capital. Constantly placing bets and calculating them is not an easy job. A player may lose many bets in a row. If he is able to control his emotion and can place bet wisely, they can recover. But it's not as easy as it sounds.

While trading has some strategies, Some casino games also have strategies to beat the odds. But you have to be careful because every strategy doesn't work all the time. Sometimes pro gamblers like Drake end up losing.

Gambling and trading are indeed very different things, because these two activities clearly have clear differences, especially in terms of science and the end result (profit). But I think both of these activities definitely have the name of the advantages and disadvantages of each. Because when talking about gambling, it is clear that what is used as a benchmark for getting profit or winning is luck. So if you do gambling, you don't need to think too deeply, because everything also only relies on luck. So that's the advantage of gambling, which is easier when doing it, but it's all worth the results.

Meanwhile, if you trade, you are required to have really mature knowledge, and deep experience about the trade routes that will be carried out. Because in trading, if knowledge and calculations are not mature, it is very likely that losses will come. Therefore, when trading, in my opinion, there should be no term to try without having mature knowledge, because in trading you don't only rely on luck, but also rely on your skills and knowledge. But all of that is also worth the results that can be achieved, from trading. If someone is an expert in trading, it is likely that profits will often be obtained.
So in conclusion, gambling or trading is indeed different. There are no similarities between the two.

making a comparison of trading with gambling is something that cannot be compared, we all know that no profit is made from gambling and that only a very small number of people managed to be lucky enough to win a lot of money from gambling , were people who played in the lottery and won the maximum prize but who in a few years went back to problems again, that's because the big money took them by surprise and in gambling things like bankroll management is something that people hardly apply in practice, they talk about it a lot but in practice they hardly apply it, what I mean is that gambling are unpredictable, they depend on luck to win

in the case of trading it is something that with a lot of study and using the indicators it is possible to predict the direction of the price but it is not something 100% guaranteed and also although there are many people lying on the internet saying that they are making money doing trade I see this as a big lie, trade is something advantageous only for those who do it in the long term, something like buying low today and selling high in a few months or year and going back to buying low and selling high months or years later, this is the only way to earn with trade in my opinion, but trading does not depend much on luck like gambling, trading is science and there are market analysts who have studied the financial market a lot, it is not something to do for fun as is the case with gambling

As you mention trading require's skills and analyzing or chart reading while gambling depends on luck, but what about those trader's who doesn't have skills and only trade base on the hype?
Are they consider trader or gamblers using trading as their gambling platform?

Gambling is more riskier than trading when compared both of them because there are available tools we have in trading wich are not available in gambling, like the stop loses and take profits which can help us to minimize number of loses or to control how much you want to lose in any given trade , whereas in gambling you only rely on the performance of the club to win or lose.

When it's said that somebody is gambling a thing or a matter, it literally mean he is doing it blindly without a clear vision or idea of what he's doing but trying on the basis of luck with the hope it would work out well. But that's not how trading is for a trader, a trader that's trading already mapped out his strategy and ways to navigate through in the market before placing a trade be it long or short trades. It's only novice traders that could liken trading to gamble as a result of them entering the market blindly without a background of trading experience or knowledge thinking that they can make profit through luck which is self deceiving.

Despite there are few things that both gambling and trading shares in common such as using an amount of money you are ready to lose, disciplining against addiction and so on, yet it doesn't make the two synonymous or interchangeable of the other.

The Market News alone can frustrate you in terms of decision making as a trader that if care isn't taking you might end up trading off your asset loosely, however in gambling the news doesn't have any impact on what the gambler decides about how he wants to gamble in games like roulette or spinning etc.

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.

Indeed. For someone who trades without sufficient knowledge and less experience, it is almost the same as gambling. He is unable to expect a good chance to take profits by trading carelessly, the chance for losses will be higher. That's why trading should require sufficient knowledge and experience, these things will lead us to the right way in trading. We also need to have a good mentality, we can't trade if we do it with emotions. For people who are difficult to control emotions, better to stay away from trading. When we trade, we must do it with a calm mind. It really helps us in determining our decision during trading. Regarding gambling, it has no way to improve the chance to win, especially in luck-based games. Using a certain tactic/strategy won't be effective since the win isn't determined by the strategy.