Gambling is different from trading - page 6.

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Quote from: Dr.Osh on June 12, 2023, 12:59:00 AM

Quote from: yhiaali3 on June 11, 2023, 11:16:07 PM

Trading and gambling have a lot in common but they are different from each other. But for me trading is much better than gambling, I trade but I never gamble.

Despite the similarity at first sight, trading is different and much better. First, you can only risk the money that you can afford to lose. Second, if the price of the coin falls, you can wait as long as you want for the coin to rise again and compensate for your loss.

But gambling is either a win or a loss, in addition to being addictive which can lead to the loss of all capital and even the sale of personal property.

well, other than that, betting in gambling doesn't leave anything if you lose, then everything will be lost, and if you win, then you will get what you risked. very different from trading, when you do the wrong analysis, the assets you have remain the same, but their value will decrease. After all, one might think that trading and gambling are similar, but if they did a deeper analysis, they would find a big difference.

If we trade via spot there's something left but if we do future trade like in binance maybe the scenario will be different. Although they have the same losing chances but the fact that execution and decision making is different we can all agree that trading and gambling is so different. Its just there are people saying they are the same because they just lose their money and didn't think about the whole picture of the the platform they compare.

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Quote from: Mpamaegbu on June 12, 2023, 03:06:25 AM

People will prefer gambling to trading because they feel it's a shortcut to getting rich. Again, gambling isn't as tasking as trading which requires mastery of set skills to become profitable. In gambling, whatever winning strategy that's deployed can't be termed set skills but tricks which are ways of cheating. If anyone plans to cheat their way to a jackpot or wealth, then that person should know they're taking a gambling.

Trading has to do with buying and selling but gambling isn't. That's just a simple way to look at it.

Do you really think that gambling is easier to earn, or did you mean that it looks easier for the player? My experience tells me that in both cases it is very difficult to do this, for this you need to have knowledge and good experience, without this you should not think about a positive result.

Gambling and trading in my understanding, is a very different type of activity, I find it difficult to answer which is more difficult, but my personal opinion is that gambling contains more risks.

While writing this post, I thought about whether there are any statistics, how many people became successful in gambling and how many in trading? I have never been interested in this issue before, but something tells me that it can be approximately equal values. Everyone just will choose what is closer to him.

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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.

They both have the same risks and are similar in all aspect. Some games needs skill for you to win. Such games are poker and black jack. If you don't have the skill on this game,there is no way that you will be lucky and win the game.

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hile 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.

This is not true a gambler can also learn from his mistake and make corrections in his next game and not all gambling games are predictions. For example spins,crash and cheese as so many more. Gambling also needs experience and studies likewise trade.

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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.

Likewise gambling,there is no way that you will gamble through out the week that you wouldn't make profit. We saw a forum member that used $4k to win $90k and lost it all back to gambling. This is how trading is,one can easily forget about his loss and continue with trading.

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

but people prefer gambling than trading

People will prefer gambling to trading because they feel it's a shortcut to getting rich. Again, gambling isn't as tasking as trading which requires mastery of set skills to become profitable. In gambling, whatever winning strategy that's deployed can't be termed set skills but tricks which are ways of cheating. If anyone plans to cheat their way to a jackpot or wealth, then that person should know they're taking a gambling.

Trading has to do with buying and selling but gambling isn't. That's just a simple way to look at it.

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Quote from: yhiaali3 on June 11, 2023, 11:16:07 PM

Trading and gambling have a lot in common but they are different from each other. But for me trading is much better than gambling, I trade but I never gamble.

Despite the similarity at first sight, trading is different and much better. First, you can only risk the money that you can afford to lose. Second, if the price of the coin falls, you can wait as long as you want for the coin to rise again and compensate for your loss.

But gambling is either a win or a loss, in addition to being addictive which can lead to the loss of all capital and even the sale of personal property.

well, other than that, betting in gambling doesn't leave anything if you lose, then everything will be lost, and if you win, then you will get what you risked. very different from trading, when you do the wrong analysis, the assets you have remain the same, but their value will decrease. After all, one might think that trading and gambling are similar, but if they did a deeper analysis, they would find a big difference.

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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.

In certain types of games such as PvP can rely on skill. And futures trading (which is relatively short) is basically luck and it can take all your capital like gambling. In both trading and gambling, all your orders and bets are predictive.
There is indeed a fundamental difference between the two if you look at it from a different perspective.

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Trading and gambling have a lot in common but they are different from each other. But for me trading is much better than gambling, I trade but I never gamble.

Despite the similarity at first sight, trading is different and much better. First, you can only risk the money that you can afford to lose. Second, if the price of the coin falls, you can wait as long as you want for the coin to rise again and compensate for your loss.

But gambling is either a win or a loss, in addition to being addictive which can lead to the loss of all capital and even the sale of personal property.

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Quote from: inthelongrun on June 11, 2023, 03:17:46 PM

I assume that there are more gamblers than traders. Trading is not that quite easy. Trading needs very good technical skills whereas in gambling you just have to research and be familiar with the sport. In sports betting, you can easily choose any of the odds from easy to the most difficult ones which is not available in trading. The higher the difficulty of the odds, the higher the rewards

That's why we have more gamblers than traders in the cryptocurrency market. Most new traders are just gambling, which is why they lose when they stop getting lucky. This type of traders wait for bull market before they can trade and when they only make profits because everything is increasing in value in bull market. When we're in an unfavorable market, they all stop trading because they don't know anything about trading.

Gambling is very easy to learn than trading because there's nothing to learn in gambling. Just know how to play the games and you can start gambling on your own but when learning trading you need a mentor as that's the best way to learn faster and not make mistakes.

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Trading isn't gambling, gambling involves random chances and the possibility of something to happen, that's you not being sure of it. Gambling is a game of luck while trading has to do with skill. You're betting on your roll or dise to defeat everyone else, you can't control the roll of dise in gambling that's how you can't predict the market on a given day. That's to say trading can't be predicted on like gambling and there are similarities between the both of them (trading and gambling), they both involves high level of risk and it could cost you everything you have worked for so one need to be extremely careful in making decisions or the strategy to follow. The best is to focus on short-term gains rather than long term success.

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Quote from: omgitsmehehe on June 11, 2023, 08:53:55 PM

Quote from: usekevin on June 11, 2023, 04:51:33 PM

Gambling is totally different from the trading,the gambling needs luck and trading needs analysis of previous chart history.When you had learned of chart of previous trades,then easy to find the investment price.Then it also help you to know how much rise in the price of certain coins, which is best price to withdraw your funds with the profits.In gambling,you should do background verification of your using gambling sites.

Both triggered both profits and losses. Gambling and trading shares different views, gambling is easy to start betting on games because it doesn't require any thorough process unlike trading that one needs to be actively ready to ready trading related books, inother to mastered the whole idea of trading. There's nothing like the word luck exits in trading, it's absolutely what you know that one need to make crucial analysis on the market. I'm so much interested trading because it's more reliable than mere gambling that mostly results to addiction.

Luck in trading could be coincidence to the market that normally goes up and down. But once a person learns trading somehow he's more careful on it. Sometimes when they get really serious about it, they read more about strategies and indicators.

Trading is close to gambling but the government is not really considering Forex market as gambling unlike the crypto regulators in Europe that treats exchanges as casino platforms. I think this is OP is going with his question.

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Quote from: usekevin on June 11, 2023, 04:51:33 PM

Gambling is totally different from the trading,the gambling needs luck and trading needs analysis of previous chart history.When you had learned of chart of previous trades,then easy to find the investment price.Then it also help you to know how much rise in the price of certain coins, which is best price to withdraw your funds with the profits.In gambling,you should do background verification of your using gambling sites.

Both triggered both profits and losses. Gambling and trading shares different views, gambling is easy to start betting on games because it doesn't require any thorough process unlike trading that one needs to be actively ready to ready trading related books, inother to mastered the whole idea of trading. There's nothing like the word luck exits in trading, it's absolutely what you know that one need to make crucial analysis on the market. I'm so much interested trading because it's more reliable than mere gambling that mostly results to addiction.

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Mere looking at the two, gambling has a little different with trading with some similarities. If you take a look from my angle, you will see that trading has some certain level of risk with gambling that are much likely to be the same. Although with gambling you can easily get your result and find your way as quick as possible. Those of us that are gamblers at the same time a trader would see from my own perspective that the two has common similarities.

For you to gamble, you would need a casino or gambling platforms that would aid that, same thing with trading we all need an exchange or brokers for us to trade and make profits without stress and that is if we know how to trade very well and have the skills.

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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.

Both gambling and trading are ways of making profit and they both involve risk and with is I think bot gambling and trading have much similarity but the difference I see there is that gamble doesn't need much knowledge before someone become successful and doesn't consumed time in term of predict, just in short it chances of lucky compare to trading that someone will lose if it doesn't have proper knowledge. As for me, I see gambling as a thing that takes the chance of luck because it doesn't require much knowledge, and someone does not need to work hard before someone can be a gamble winner, but in trading, someone needs to be very skilled in terms of trading and work hard before someone can become successful in trading.

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Gambling is totally different from the trading,the gambling needs luck and trading needs analysis of previous chart history.When you had learned of chart of previous trades,then easy to find the investment price.Then it also help you to know how much rise in the price of certain coins, which is best price to withdraw your funds with the profits.In gambling,you should do background verification of your using gambling sites.

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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, .
..

It should be different.
but practically, many people are doing trading like gambling. Just like betting or slots. Sometimes they just bet on what they are trading, without any underlying reason or even post-analysis skills. Trading requires analysis as well as various other keys to success. But if you only apply it like betting, especially if you only rely on luck, this will be very bad.

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Quote from: jeraldskie11 on June 10, 2023, 05:44:14 PM

Gambling is a game of chance with no guarantee of profit, but fortunately, there are some who profit from it.

In trading, there is also no guarantee for profits. But trading isn't a game of chance, the result of our trading more depends on our knowledge (skills) and experience. The risk in gambling is also higher, we can lose all our money if we have no limitation to use the money in gambling. While in trading is a bit safer, especially if we use trading spot.

Quote from: jeraldskie11 on June 10, 2023, 05:44:14 PM

When trading, make sure you have a trading plan that has been backtested to boost your chances of succeeding and could be your source of income in the future.

Of course, the plan or strategy has a crucial role in trading. Using the right plan/strategy will improve the chance for the success in earning profits. That's why we must have enough knowledge in trading, so we can determine the right plan/strategy. Our experience is also very useful, we know how to choose the proper strategy to use based on our experiences. Without knowledge and experience, it is impossible to know the right plan/strategy.

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Gambling and trading have their own similarities and differences. Both have their own levels of risk. I think you're trying too hard to differentiate them OP while you don't have the experience to trade and gamble. I can feel it based on your post. In gambling, you can play in the casino or sports betting, or card games like poker wherein you will be matched against other players.

I assume that there are more gamblers than traders. Trading is not that quite easy. Trading needs very good technical skills whereas in gambling you just have to research and be familiar with the sport. In sports betting, you can easily choose any of the odds from easy to the most difficult ones which is not available in trading. The higher the difficulty of the odds, the higher the rewards

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Gambling is absolutely different from trading. Although both have risks, but if you have gained good experiences in trading, you will understand that there is more chances to be profitable in trading than gambling alone. Trading, with knowledge and skills and comes with luck, what you’ll gained from gambling is nothing compares to trading.

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

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.

I don't see any reason why one would compare trading with gambling when it is so obvious that gambling is a complete game of luck while trading requires knowledge and experience. There is no need for experience or knowledge in gambling and anyone with luck can win a very big amount of money and someone with a lot of experience and knowledge about gambling and techniques and whatsoever but might end up losing all the time.

Trading can be profitable if you work hard on it, learn doing analysis, understand how the market moves, learn to read charts and much more, if you learn these things, you are guaranteed to get profit if you do things correctly and don't just gamble on newly launched tokens.

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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.

Trading could really become a gambling on the time that you would really be doing trading without any analysis on which it would really become that turns out to be gambling already if you do have done that way

but we know that it isnt something that you could really just take up some steps without having those kind of realizations that it isnt really just right to have this kind of approach. We know that this isnt something that we could really be able to make out actions without any basis. If you do want to sustain and really find yourself having that effective on trading career then you would of course be finding
up ways on how you would really be able to make yourself that better. With due experience and learning would be obtained along the way then for sure you would really be definitely
be able to make yourself handle out such thing.

Topic: Gambling is different from trading - page 6. (Read 980 times)