No, I don't really think so, trading has nothing to do with gambling, they are totally different from each other, because gambling is a game of luck, while trading is based on knowledge, and the your ability in the craft.
Those traders that are trading as if they are gambling are mostly the cause of people comparing gambling and trading together, in trading you don't chase losses like they do in gambling, because if you do, you will surely do yourself more harm than good, but their are traders who are making it big because they have masters the craft, and they know when to trade and when not to trade, those set of traders are the profitable traders, while in gambling their is no mastery, it's a game that is base on how lucky you are on that day, nothing more.
Topic: Isn't trading almost like gambling? - page 3. (Read 1547 times)
Today I visited a friend who is a forex trader, according to him he trades on the USD, gold and BTC and I normally don't fancy the idea of trading because it appears a bit complex for my understanding and from my little knowledge, it seems as though trading is almost same as gambling because at the end of your analysis you're not sure of the outcome of the trade since it's basically a short term adventure and the volatile nature of most traded items depict it to be uncertain with time.
He has lost almost $5000 dollar in course of his trade and he is still positive that he is going to recover all is lost money back in his next trade. I don't really know how trading works that much cause what I have learnt and I have been used to is to Buy a certain asset like the BTC or any valuable asset that will appreciate with time and HODL it. I know that this strategy isn't for someone of his kind that's basically looking for any immediate means of doubling his income and so long term investment won't necessarily seem a good idea for him.
My question is, isn't trading almost like gambling considering it uncertainty and also looking from the fact that he has lost a fortune out of trading within a short space of time?
Is it possible for him to easily recover his money back or is losses like that very much a part of the trading experience?
Gambling and trading are different in their own way. Like you can make your trading successful by your own research in trading platform but by your own research in gambling platform though some luck can be changed in sports betting but unique gambling site depends entirely on luck. I treat gambling and trading platforms separately. Perhaps the person quoted here is involved in futures trading due to which he lost his money momentarily at the peak of the market's decline or rise. If he is very experienced in the trading platform then it is possible to recover his money from the trading platform and if he is not very experienced in the trading platform then his recovery will be very difficult. He has lost almost $5000 dollar in course of his trade and he is still positive that he is going to recover all is lost money back in his next trade. I don't really know how trading works that much cause what I have learnt and I have been used to is to Buy a certain asset like the BTC or any valuable asset that will appreciate with time and HODL it. I know that this strategy isn't for someone of his kind that's basically looking for any immediate means of doubling his income and so long term investment won't necessarily seem a good idea for him.
My question is, isn't trading almost like gambling considering it uncertainty and also looking from the fact that he has lost a fortune out of trading within a short space of time?
Is it possible for him to easily recover his money back or is losses like that very much a part of the trading experience?
Some persons keep saying that trading is almost the same thing like gambling but the difference is very clear.
There are also gambling traders that don't always have the patience to stick to the strategies that will help them to keep winning more.
It is good for us to weigh our trading skills and know whether truly we are gambling traders or not. It is very important for us to use good strategies to trade so we have a better results.
People who assume trading is the same as gambling, they probably don't understand what trading is.There are also gambling traders that don't always have the patience to stick to the strategies that will help them to keep winning more.
It is good for us to weigh our trading skills and know whether truly we are gambling traders or not. It is very important for us to use good strategies to trade so we have a better results.
Sure, the difference is very obvious, trading requires skills or knowledge. Meanwhile gambling doesn't really need skills or knowledge. If we play slots, we can play the game without any skills. In trading, you can' trade at all if you don't have the knowledge. Even if you can learn through demo trading feature, it won't work well to gain profits without a proper knowledge. So, knowledge or skills is a fundamental part in trading, but it is not so crucial thing in gambling.
Trading seems a lot like gambling to me. I may be wrong in the opinion of many that's why I apologize first but I have observed many traders who have come here and lost everything and many have gone from zero to the top. I have also seen many people lose everything and then get it back which is unimaginable. So for the above reasons trading seems like a gamble to me but trading can never be a gamble.
To recover lost things after losing everything he had to be very patient here. My knowledge in trading is almost nil but from my observation, I say it is possible to move up from here too but one has to utilize time and opportunity one has to be patient.
Not because people are losing down to zero meaning they are gambling because in every investments there are losses so meaning everything is gambling? so why do we need to trade when this is a complete gambling?To recover lost things after losing everything he had to be very patient here. My knowledge in trading is almost nil but from my observation, I say it is possible to move up from here too but one has to utilize time and opportunity one has to be patient.
never lead your way into wrong perception meaning don't just jump into conclusions when you did not even experienced being a trader because you are just giving your observation but not an experience, because indeed that you can lose in trading but at least the risk is very little than what you can lose in gambling that mostly just pure luck even how hard to studied (not unless this is sports betting that has skills and knowledge)
I think you're just basing my "trading feels like gambling to me" statement. My main theme was "But trading can never be gambling."
And I found your words "never lead your way into wrong perception" to be very valuable. Because if we want to change life, our values or ideas come first. I know this is very hard for me to trade. Although I don't have any trade experience I am going to be involved in the trade by thesis and reviewing the history.
Let us understand that whatever we do to make money that we are not certain of is totally a risk. We learn skills most times when we are not certain that it is what we would be doing to meet life needs. So trading is not gambling, and it shouldn't be misinterpreted by most people. Let us be sincere. Statistically speaking, there are more successful traders than gamblers. Gambling can be addictive, but trading is not. I hope OP can see the difference now.
And I agree with you and reiterate that of both business and gambling, gambling is the riskiest and the probability of success here is many times lower than business. Another point I want to highlight is that gambling is an addiction but business is a matter of absolute love and compassion.
I just commented on a thread about following simple rules like cutting losses, and I want to tell all of you about my friend. He did cut losses when the Bitcoin price dropped under $6-10k in 2019 or something. I just remember there was a time when Bitcoin dropped to that price, and he had to follow his rule, cutting losses on all his Bitcoin. But just around a short time later, Bitcoin recovered fast and went to a new peak price. Lol. He was so regretful. Yes, trading needs some luck alongside your skill.
In both cases, of course there is a risk of losing money used for gambling or trading, if we can understand trading well of course they will be able to analyze the market well and this will be able to make the right decisions on the investments they make and in gambling. only luck can win the games we play and it is very difficult to predict the games we play, and I don't fully agree with what you say, the risks we get from gambling and the risks we get from trading of course both have big risks if we can't do well.
First of all, we must agree that gambling and trading are different activities. People who understand trading and being a gambler will also feel and know where the difference lies.If you only do one of them, maybe you won't be able to tell where the difference is. especially those who trade futures by only estimating, not analyzing. so it does seem like betting.
In both cases, of course there is a risk of losing money used for gambling or trading, if we can understand trading well of course they will be able to analyze the market well and this will be able to make the right decisions on the investments they make and in gambling. only luck can win the games we play and it is very difficult to predict the games we play, and I don't fully agree with what you say, the risks we get from gambling and the risks we get from trading of course both have big risks if we can't do well.
First of all, we must agree that gambling and trading are different activities. People who understand trading and being a gambler will also feel and know where the difference lies.If you only do one of them, maybe you won't be able to tell where the difference is. especially those who trade futures by only estimating, not analyzing. so it does seem like betting.
Trading is not all about tides because only those who understand or do training will understand what they think or do because trading is your mind atheist or your own. Check on skills that you. It is not quite similar to gambling in that you get the profit after the profit comes or if your operation is correct then you will get the profit. How can not everyone do the training because everyone can play gambling because gambling is going to such a site or you know you are one? Play or you gamble on a website or casino where you deposit money or win depending on your luck. It can also be called luck trading because in trading you will always get on your own skills or luck will also have to cooperate with you.
Trading and gambling, their risks are exactly the same. Both trading and gambling are high risk. Making money from trading is very difficult. Trading and gambling, can make a man from rich to poor, and from poor to rich, it doesn't take long. If you are losing here, you better leave it and focus more on long term bitcoin holding, you can earn much more money from bitcoin holding as well.
No, if trading and gambling both of different so their risk is also something different, gambling is too high because it's like win or loose but in trading you good chances to make profits, because if you have patient to holding until get profit but there are no such opportunity in the gambling, so i think trading is less risky than gambling.
Trading and gambling, their risks are exactly the same. Both trading and gambling are high risk. Making money from trading is very difficult. Trading and gambling, can make a man from rich to poor, and from poor to rich, it doesn't take long. If you are losing here, you better leave it and focus more on long term bitcoin holding, you can earn much more money from bitcoin holding as well.
No, if trading and gambling both of different so their risk is also something different, gambling is too high because it's like win or loose but in trading you good chances to make profits, because if you have patient to holding until get profit but there are no such opportunity in the gambling, so i think trading is less risky than gambling. 
Trading seems a lot like gambling to me. I may be wrong in the opinion of many that's why I apologize first but I have observed many traders who have come here and lost everything and many have gone from zero to the top. I have also seen many people lose everything and then get it back which is unimaginable. So for the above reasons trading seems like a gamble to me but trading can never be a gamble.
To recover lost things after losing everything he had to be very patient here. My knowledge in trading is almost nil but from my observation, I say it is possible to move up from here too but one has to utilize time and opportunity one has to be patient.
Not because people are losing down to zero meaning they are gambling because in every investments there are losses so meaning everything is gambling? so why do we need to trade when this is a complete gambling?To recover lost things after losing everything he had to be very patient here. My knowledge in trading is almost nil but from my observation, I say it is possible to move up from here too but one has to utilize time and opportunity one has to be patient.
never lead your way into wrong perception meaning don't just jump into conclusions when you did not even experienced being a trader because you are just giving your observation but not an experience, because indeed that you can lose in trading but at least the risk is very little than what you can lose in gambling that mostly just pure luck even how hard to studied (not unless this is sports betting that has skills and knowledge)
I think you're just basing my "trading feels like gambling to me" statement. My main theme was "But trading can never be gambling."
And I found your words "never lead your way into wrong perception" to be very valuable. Because if we want to change life, our values or ideas come first. I know this is very hard for me to trade. Although I don't have any trade experience I am going to be involved in the trade by thesis and reviewing the history.
Let us understand that whatever we do to make money that we are not certain of is totally a risk. We learn skills most times when we are not certain that it is what we would be doing to meet life needs. So trading is not gambling, and it shouldn't be misinterpreted by most people. Let us be sincere. Statistically speaking, there are more successful traders than gamblers. Gambling can be addictive, but trading is not. I hope OP can see the difference now.
It depends, in practice a trader can gamble or trade. For example, if a trader trades using analysis, strategy and reading the news before determining his position then that can be said to be trading. But if a trader only relies on luck when placing a position, then it can be said to be gambling. So it depends on the trader, whether they trade in a real way or by gambling. However, in general, trading and gambling are two different things and cannot be equated.
My question is, isn't trading almost like gambling considering it uncertainty and also looking from the fact that he has lost a fortune out of trading within a short space of time?
Is it possible for him to easily recover his money back or is losses like that very much a part of the trading experience?
when you trade not with skill and knowledge, then you trade like a gambler who bets with his money.Is it possible for him to easily recover his money back or is losses like that very much a part of the trading experience?
but when you know and understand trading, then you will know the difference between trading and gambling.
trading is not an easy matter. Your friend must be diligent to be able to return the funds he has lost in trading. and I don't think it will be easy and it won't be in a short time.
Gambling is terrible and you should not do it if you are not rich enough, that should be the most important part. Gambling is for fun, you just end up with something that would cause a lot of trouble and we should try to avoid it as much as we possibly could and not make any changes at all.
Some persons keep saying that trading is almost the same thing like gambling but the difference is very clear.
There are also gambling traders that don't always have the patience to stick to the strategies that will help them to keep winning more.
It is good for us to weigh our trading skills and know whether truly we are gambling traders or not. It is very important for us to use good strategies to trade so we have a better results.
These two things will of course really depend on the knowledge they have, because if someone trades not based on the knowledge they have, of course they will continue to trade in the hope of making a profit without doing any analysis about the coins they are trading, of course this will be very likely for them to will fail in the trades that we make, it is true that when making trades of course we must have good skills in analyzing the market and must also make the right decisions so as not to experience failure in trading. There are also gambling traders that don't always have the patience to stick to the strategies that will help them to keep winning more.
It is good for us to weigh our trading skills and know whether truly we are gambling traders or not. It is very important for us to use good strategies to trade so we have a better results.
Trading seems a lot like gambling to me. I may be wrong in the opinion of many that's why I apologize first but I have observed many traders who have come here and lost everything and many have gone from zero to the top. I have also seen many people lose everything and then get it back which is unimaginable. So for the above reasons trading seems like a gamble to me but trading can never be a gamble.
To recover lost things after losing everything he had to be very patient here. My knowledge in trading is almost nil but from my observation, I say it is possible to move up from here too but one has to utilize time and opportunity one has to be patient.
Not because people are losing down to zero meaning they are gambling because in every investments there are losses so meaning everything is gambling? so why do we need to trade when this is a complete gambling?To recover lost things after losing everything he had to be very patient here. My knowledge in trading is almost nil but from my observation, I say it is possible to move up from here too but one has to utilize time and opportunity one has to be patient.
never lead your way into wrong perception meaning don't just jump into conclusions when you did not even experienced being a trader because you are just giving your observation but not an experience, because indeed that you can lose in trading but at least the risk is very little than what you can lose in gambling that mostly just pure luck even how hard to studied (not unless this is sports betting that has skills and knowledge)
I think you're just basing my "trading feels like gambling to me" statement. My main theme was "But trading can never be gambling."
And I found your words "never lead your way into wrong perception" to be very valuable. Because if we want to change life, our values or ideas come first. I know this is very hard for me to trade. Although I don't have any trade experience I am going to be involved in the trade by thesis and reviewing the history.
Some persons keep saying that trading is almost the same thing like gambling but the difference is very clear.
There are also gambling traders that don't always have the patience to stick to the strategies that will help them to keep winning more.
It is good for us to weigh our trading skills and know whether truly we are gambling traders or not. It is very important for us to use good strategies to trade so we have a better results.
There are also gambling traders that don't always have the patience to stick to the strategies that will help them to keep winning more.
It is good for us to weigh our trading skills and know whether truly we are gambling traders or not. It is very important for us to use good strategies to trade so we have a better results.
There is nothing we can do about that because that is the extent of their understanding. Of course, if they don't understand trading and don't know how to understand what is on the chart or graph on any exchange site platform, they will really say that gambling is just like trading.
But for me, the people who think this mindset is pitiful are these types of people who are too lazy to study and just want to have a lot of money but don't want to work hard to do it. You know, that is to say, do you get it?
Certainly. Trading in markets may be perceived as gambling due to its uncertainty and risks. However, success in trading typically requires a deep understanding of the market, risk management strategies, and continuous learning. Losses in trading are common, but it's important to learn from them and improve skills for future trades. Nonetheless, there's no guarantee of recouping lost funds in the next trade.
Some persons keep saying that trading is almost the same thing like gambling but the difference is very clear.
There are also gambling traders that don't always have the patience to stick to the strategies that will help them to keep winning more.
It is good for us to weigh our trading skills and know whether truly we are gambling traders or not. It is very important for us to use good strategies to trade so we have a better results.
There are also gambling traders that don't always have the patience to stick to the strategies that will help them to keep winning more.
It is good for us to weigh our trading skills and know whether truly we are gambling traders or not. It is very important for us to use good strategies to trade so we have a better results.
I so much enjoy this topic a lot, because so many people think that Trading is not a gambling gambling is different from trading, but no trading is just like gambling you go into casino shop and do your gambling your betting and you lose money that is the same thing as much as you go into Trading and you make profit at the same time you also lose sometimes you may lose 90% of your capital so trading is just like gambling to me. I have had a lot of experience, so I see Trading as a typical gambling.
You might have a lot of experience but you are not learning yet, sorry. Indeed, we encur losses and that is seem usual as we are just learning but from time to time, we see changes as we correct our mistakes. We can say trading is like gambling because we rely on luck which in fact, we can improve our trading results if we also improve our knowledge and skill which is the most common reason. Our experience gives us a clue about what is to be improved. Unlike gambling, where we can't increase our chances even though we have been gambling for how many years.
If we aim to become a successful trader, therefore, we need to stop thinking this is like gambling.
I so much enjoy this topic a lot, because so many people think that Trading is not a gambling gambling is different from trading, but no trading is just like gambling you go into casino shop and do your gambling your betting and you lose money that is the same thing as much as you go into Trading and you make profit at the same time you also lose sometimes you may lose 90% of your capital so trading is just like gambling to me. I have had a lot of experience, so I see Trading as a typical gambling.
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