How is trading *not* gambling? - page 25.

nelson4lov

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Quote from: naville on January 20, 2017, 06:38:23 PM

Whatever people say for me there is no big difference between trading and gambling

I think the only major difference between Gambling and trading, is the fact that gambling has a much higher risk involved but I can't say the same for trading. Either way though, Both Gambling and trading has to do with correct predictions and getting facts right.

MFahad

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Quote from: angaper on January 20, 2017, 07:10:02 PM

I have been a Forex trader for several years, and I can tell you that although both activities are remarkably different, there is a certain level of unpredictability that makes them alike. But there is also a certain professionalism in some gamblers that we could talk about them as a type of traders specialized in gambling because these guys don't like to leave things entirely to chance.

If i am asked to tell the difference between trading and gambling in a single sentence, then i can say that Trading by experience or mind and gambling by chance or luck. You dont need any experience in gambling to be able to Win and you cant win in trading without experience.

PokerFace3

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Quote from: mk3000 on January 19, 2017, 07:43:55 PM

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?

There were many situations when sudden fluctuations swallow my capital to make me thinking about the differences between gambling and trading. Because my day long researches were not enough to safeguard me in those times.

Many times trading may become gambling still trading will get me chances to get profits but my chances for profits from gambling is always zero. This may be one simple reason why trading can not be gambling all the times.

aardvark15

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There are different levels of gambling in terms of risk. Trading is not simply a game of chance if you research what you are trading and carefully decide when to buy and sell.

JeffBrad12

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Quote from: mk3000 on January 19, 2017, 07:43:55 PM

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 buy your stuff with the cheaper price and I sell your stuff with the others with the profit price(combining the capital price + my profit)"
I don't see anything is relating to gambling.

angaper

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I have been a Forex trader for several years, and I can tell you that although both activities are remarkably different, there is a certain level of unpredictability that makes them alike. But there is also a certain professionalism in some gamblers that we could talk about them as a type of traders specialized in gambling because these guys don't like to leave things entirely to chance.

naville

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Whatever people say for me there is no big difference between trading and gambling

richardsNY

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For a lot people that just blindly invest and buy at whatever price as they take a price increase for granted, that's what I consider to be gambling. But if you purely focus on well experienced traders, then their level of experience/skill is what is the most important aspect. It of course doesn't guarantee you any profits as you also depend on luck for a certain percentage, but it's neglectable as they make enough profits to catch up faulty trades relatively easily.

DDS1

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Trading is not gambling, Because when you trade on currency you also study this currency and then u trade on this currency. I think trade is not gambling.

HarryKPeters

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Quote from: bitbunnny on January 20, 2017, 12:09:45 PM

In a way trading is gambling but only in part related to luck because you need that too and like gambling it's also risky. But when you trade you use some knowledge and skills, obey some rules, your are part of serious business. Gambling is just fun, the game where you always expect to win but nothing realy depends on you and you can't influence anything and that is not case in trading.

The main difference with gambling is the amount you can close. Trading top altcoins may give you a lot of losses but never all. With gambling it is 'all or nothing' every single time.
When you trade minor alts listed on c-cex or yobit you are however basically gambling with your money.

bitbunnny

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In a way trading is gambling but only in part related to luck because you need that too and like gambling it's also risky. But when you trade you use some knowledge and skills, obey some rules, your are part of serious business. Gambling is just fun, the game where you always expect to win but nothing realy depends on you and you can't influence anything and that is not case in trading.

talkbitcoin

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All I know is that I know nothing.

from my experience with being in bitcoin community for a couple of years and trading both bitcoin and altcoins, and also seeing people talk about this topic i came to the conclusion that you need to do what you think is true. what i mean is that if you think trading is like gambling then treat it that way and if not then good for you.
because in my experience we can't change the mindset of some people about some topics such as this one.

Bitcotalk

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The answer is simple the trade is a type of job and gambling is a type of entertainment. In trade people do not depend on luck but depend on their intelligence and in gambling the person depend on luck but the income from gambling is not sure.

jseverson

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There are big difference between of them trading you will buy with low price and expecting that in next days the price will increase while gambling is you have to bet for you to earn profit very risky.

Herbert2020

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Quote from: mk3000 on January 19, 2017, 07:43:55 PM

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 am sure if you think about it, you will realize the difference and how big it is.

for example when you flip a coin, can you say if it will be heads or tails? obviously not. there is the same 50-50 chance and you have no way of telling.
now when you trade, you can not say what the price will be after the period you have in mind, because you don't have a future machine. but instead you can analyze, this can be technical analysis on the charts, or analyzing the news and things that can affect the price and 1000 other things and come up with the most possible scenario. and be more than 90% sure about what is going to happen and make your move.

also the other big difference is how much you lose on a bad move.
in gambling if you bet on heads and you see tails you lose all.
in trading if you speculate a rise and price goes down, you sell at a loss and lose a small portion.

deadsilent

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Quote from: mk3000 on January 19, 2017, 07:43:55 PM

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 is different.
Trading- the activity or process of buying, selling, or exchanging goods or services
Gambling- to play a game in which you can win or lose money or possessions : to bet money or other valuable things
Trading is more like a business and gambling is a game which you risk your money to gain more money.
But theres one thing they are in common. They are both risky.

Dudeperfect

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Thanks for bringing this topic on board for discussion. Yes, I do believe that trading is far superior to gambling as far as assurance of returns is concerned. In any condition, you can't predict 100% accurate results what's next irrespective of the study or strategy. However, there is vast scope for study and reach near to the accurate results in trading but in gambling, it's not possible. I am assuming good returns and ignoring minor returns with basic methods.

GreenBits

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Quote from: mk3000 on January 19, 2017, 07:43:55 PM

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 is required your skill to predict prices of your choosed crypto currencies or currency but in gambling its need your luck if your are a lucky person you have a big chances of winnings.They are more differences of trading and gambling but this is the summarized of it.

icecube45

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Maybe if you mean binary trading I agree if it includes gambling, because we only determine the price will rise or fall. But if the other trades that are not included into gambling because when someone does a trade, then there is a certain risk limits that have been made to maintain the capital owned in order not to lose. Various calculations from probability, risk and reward and so make trading arguably requires effort is not easy. So trade is not to bet on something completely random, but there are ways and strategies.

onrise

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Because in trading you invest and suddenly your investment does not become double or zero, whereas in Gambling that is the case. What skills do you require to understand and play roulette?

Topic: How is trading *not* gambling? - page 25. (Read 23342 times)

Topic: How is trading not gambling? - page 25. (Read 23342 times)