Topic: How is trading *not* gambling? - page 19. (Read 23340 times)
We can't deny that trading is also part of gambling because i know in gambling, you need to risk an amount or part of your own money to get something more and that was also applied in trading. Trading requires money and you need to risk your own money in order to earn more just like gambling sites does.
Trading we can consider as gambling, you gamble your funds or take a risks in trading in any investment. Gambling its like you want to entertain a couple of time, minutes, everyday or day by day. However, trading and gambling is risks wether you may win or loose at all.
When we say trading there is assurance that there is an exchange of the money or the product that you will give or pay. So we can say that it is a fair deal. While in gumbling there is no assurance that there is an exchange of what you are giving. You can win big or you can loose big.
Gambling definition (Oxford Dictionary):
1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.
Gambling in the sense of playing on Bitcoin casinos etc are just a game of chance and have an entirely random result. Trading is skilled - it may well be taking "risky action in the hope of a desired result" but it is definitely not based on chance or luck as there are a huge host of factors leading to different results and the trader can decide how to act based on his or her discretion.
1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.
Gambling in the sense of playing on Bitcoin casinos etc are just a game of chance and have an entirely random result. Trading is skilled - it may well be taking "risky action in the hope of a desired result" but it is definitely not based on chance or luck as there are a huge host of factors leading to different results and the trader can decide how to act based on his or her discretion.
"In the hope of desired result.." That's the biggest difference between gambling and trading. In trading the decision will be in your hand, where as in gambling only luck matters.
You may get some returns in trading but in gambling you either win or loose.
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Gambling definition (Oxford Dictionary):
1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.
Gambling in the sense of playing on Bitcoin casinos etc are just a game of chance and have an entirely random result. Trading is skilled - it may well be taking "risky action in the hope of a desired result" but it is definitely not based on chance or luck as there are a huge host of factors leading to different results and the trader can decide how to act based on his or her discretion.
1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.
Gambling in the sense of playing on Bitcoin casinos etc are just a game of chance and have an entirely random result. Trading is skilled - it may well be taking "risky action in the hope of a desired result" but it is definitely not based on chance or luck as there are a huge host of factors leading to different results and the trader can decide how to act based on his or her discretion.
Trading - It means buying and selling. It does not mean that you buy something and either you get the payment double or as per ratio or does not get it. i.e what the difference is about.
In Gambling generally in roulette, computer games you do not require any skills only luck to win it. While in trading you need to spot the opportunity, holding time if price is rising etc and sell it appropriately to get profit.
In Gambling generally in roulette, computer games you do not require any skills only luck to win it. While in trading you need to spot the opportunity, holding time if price is rising etc and sell it appropriately to get profit.
Well that's a good differentiation between trading and gambling. I think that why many are being mislead that trading is gambling because of the risk it has.
They are comparing and thinking that it is the same because it has the same thing. But they are not bearing in their minds that it's actually different.
Gambling is all about wagering and trading is far from it.
they actually think this way because they have nothing to compare it to. for example if they could see someone actually trade and be successful like by following him or seeing in real life they wouldn't call it as gambling anymore. and these people are usually too lazy to learn anything anyways and they just want easy money buy investing and taking millions the next day!
Trading would be considered as gambling if you do make it wrong and you just jump in to trade without any preparations on how you gonna trade that is called gambling but if a person would use analysis and its knowledge i could say it not the same on gambling anymore since you do already have a basis regarding on your trades.
Trading - It means buying and selling. It does not mean that you buy something and either you get the payment double or as per ratio or does not get it. i.e what the difference is about.
In Gambling generally in roulette, computer games you do not require any skills only luck to win it. While in trading you need to spot the opportunity, holding time if price is rising etc and sell it appropriately to get profit.
In Gambling generally in roulette, computer games you do not require any skills only luck to win it. While in trading you need to spot the opportunity, holding time if price is rising etc and sell it appropriately to get profit.
Well that's a good differentiation between trading and gambling. I think that why many are being mislead that trading is gambling because of the risk it has.
They are comparing and thinking that it is the same because it has the same thing. But they are not bearing in their minds that it's actually different.
Gambling is all about wagering and trading is far from it.
Trading - It means buying and selling. It does not mean that you buy something and either you get the payment double or as per ratio or does not get it. i.e what the difference is about.
In Gambling generally in roulette, computer games you do not require any skills only luck to win it. While in trading you need to spot the opportunity, holding time if price is rising etc and sell it appropriately to get profit.
In Gambling generally in roulette, computer games you do not require any skills only luck to win it. While in trading you need to spot the opportunity, holding time if price is rising etc and sell it appropriately to get profit.
With trading people needs to be much active so to grab the best profit out of it. With gambling one doesn't need to be much active. During the time of the event needs to be active and based on the strategy made need to place the betting. If lucky will get a good earning, else need to face the loss. With trading the loss can be minimized for which more people suggest trading than gambling.
I think it's the other way around. Trading doesn't require you to be active at all times. Most traders spend a lot of time reading about the coins, the news about bitcoins, etc.. They don't go on for hours and just watch the charts. They simply study the chart, look for the latest news about the coin, the potential of the coin, and then put a buy order or simply buy the coin and then put a sell order right away.
On the other hand, gambling requires you to be active unless you're playing dice and you're autobetting. But in most games (i.e. card games) you have to be active since you're the one to do the decision making.
Gambling and trading are two very different things.
Agree with you, gambling and trading is different things and different activity.In trading there is no risk to the amount you have.
You exchange it with someone for some goods or services etc
In trading if someone tries to cheat you there are always moderators present.
You exchange it with someone for some goods or services etc
In trading if someone tries to cheat you there are always moderators present.
Your explanation is about exchange person to person, not trading in exchange site like Poloniex or Bittrex, if you try that's there is still risk your money in trading.
Trading is not luck dependent in trading you have to work hard to become rich.
Yes, trading is not depend on luck but the skill, patience and how to read the situation.
With trading people needs to be much active so to grab the best profit out of it. With gambling one doesn't need to be much active. During the time of the event needs to be active and based on the strategy made need to place the betting. If lucky will get a good earning, else need to face the loss. With trading the loss can be minimized for which more people suggest trading than gambling.
Gambling and trading are two very different things.
In trading there is no risk to the amount you have.
You exchange it with someone for some goods or services etc
In trading if someone tries to cheat you there are always moderators present.
Where as in gambling you totally risk your amount.
You are not sure that the amount you have used may or may not return.
Very easily someone can cheat you and there is very less you can do.
Trading is not luck dependent in trading you have to work hard to become rich.
In gambling you don't have to work hard and you can become a millionaire even in 1 day itself and vice versa.
In trading there is no risk to the amount you have.
You exchange it with someone for some goods or services etc
In trading if someone tries to cheat you there are always moderators present.
Where as in gambling you totally risk your amount.
You are not sure that the amount you have used may or may not return.
Very easily someone can cheat you and there is very less you can do.
Trading is not luck dependent in trading you have to work hard to become rich.
In gambling you don't have to work hard and you can become a millionaire even in 1 day itself and vice versa.
How different is trading from just gambling? I know there seems to be a big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?
I have seen the similar question like this on the gambling sub forum thread, and I was answer it permanently.This is my answer in that thread and it could be the answer here:
Trading and gambling is not same way to earn money. It is same when you rely on your luck to trade or gamble.
You need to have lot of knowledge about market to start your first move on trading. From fundamental analytics to technical analytics.
In gambling, you just need to watch and record the pattern of games that you play and believe to make a nice bet.
So trading is not considered as gambling.
They have some similarities like you have to take a risk in order to gain something ~~
there is absolutely no similarities between gambling and trading apart from the word "risk" and that is just a word. in deeper levels, the type of risk involved in these two are completely different.
in gambling the risks are unforeseen and very high and in one word dumb but in trading you can predict the risks and measure them and act accordingly. although there are some unforeseen risks there too but they are very small.
How different is trading from just gambling? I know there seems to be a big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?
trading and gambling almost in same path. For some people, if they can't trading so they choose gambling. In a trading, if you lazy to read news or doing technical analysis you will gambling
Gambling is basically purely luck based whereas in trading with a good strategy and knowledge there is always an opportunity to make profits and you don't have depend only on luck to make money and in gambling either you win or you loose but in trading you can recover your loss in next trade if you handle it smartly.
In trading if you study the chart properly then it will give you clear picture to when to enter to when to exit but in gambling once you enter you will come out as a winner or a looser and in trading you always have an opportunity to change your decision by buying or selling the coins even if they moving in opposite direction which will minimize your losses.
They have some similarities like you have to take a risk in order to gain something but they are certainly different thing. Gambling
is a form of entertainment and is not a good way to earn money furthermore it has a much bigger risks compared to trading not
only on your money but also in your mental health cause you can get addicted to it. On the other hand trading is a good way to
earn money with less risks but requires observation, analysis and experience.
is a form of entertainment and is not a good way to earn money furthermore it has a much bigger risks compared to trading not
only on your money but also in your mental health cause you can get addicted to it. On the other hand trading is a good way to
earn money with less risks but requires observation, analysis and experience.
How different is trading from just gambling? I know there seems to be a big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?
trading and gambling almost in same path. For some people, if they can't trading so they choose gambling. In a trading, if you lazy to read news or doing technical analysis you will gambling
Gambling is basically purely luck based whereas in trading with a good strategy and knowledge there is always an opportunity to make profits and you don't have depend only on luck to make money and in gambling either you win or you loose but in trading you can recover your loss in next trade if you handle it smartly.
How different is trading from just gambling? I know there seems to be a big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?
trading and gambling almost in same path. For some people, if they can't trading so they choose gambling. In a trading, if you lazy to read news or doing technical analysis you will gambling
Gambling is basically purely luck based whereas in trading with a good strategy and knowledge there is always an opportunity to make profits and you don't have depend only on luck to make money and in gambling either you win or you loose but in trading you can recover your loss in next trade if you handle it smartly.
How different is trading from just gambling? I know there seems to be a big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?
trading and gambling almost in same path. For some people, if they can't trading so they choose gambling. In a trading, if you lazy to read news or doing technical analysis you will gambling
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