Topic: Isn't trading almost like gambling? - page 6. (Read 1353 times)
Trading and gambling both have a lot of risks and you can't predict before start but some differences both of them. Trading will never considering as gamble for the professional traders, newbie traders have no knowledge and it will be gamble for them. $5000 is big losses it's not easy to recover in short time even need to big amount investment to recover losses.
This is also happening in your daily life. When you apply for a job, are you sure that the company will hire you? Or when you study and work hard, are you sure that you will have a rich life in the future? Basically, our lives are a gamble because no one can be sure and know what will happen in the future. Furthermore, as you said, you do not understand anything about trading, financial markets, bitcoin... nor do you have any knowledge about it, so on what basis do you think it is similar to gambling? You should not jump to conclusions about anything if you know nothing about it.
This is the point of it, taking a risk doesn't equal to gambling because gambling is guaranteed to lose since the house edge guarantees that whereas life is full of taking risks. Trading is not "almost" like gambling, it has nothing to do with it, if you are a good trader then you will earn, there is no downside to it at all, you can be the greatest gambler in the world and you will still not make a living out of it because house edge prevents that.So all in all, unless we are talking about something different, some variations of it, some detailed parts of it, the general concept of gambling and general concept of trading has nothing to do with each other. Gambling is not risk taking, those are two different things, not all risk taking would be considered a gamble.
Also, I think people who call trading gambling simply because they have failed in trading and want to deny their incompetence should call trading gambling. People who fail but never admit it is due to their own stupidity and are ready to blame anything they see.
Is it possible for him to easily recover his money back or is losses like that very much a part of the trading experience?
I personally think that crypto trading and gambling have more in common than what makes them different, the two share a common factor which is risk, although gambling risks can be said to be higher compared to trading risks, nevertheless they're both very profitable if their risks comes out positively. The difference that I see is that crypto trading has a parten and can be technically analyzed, so traders atleast knows how the market works and what drives the fundamental analysis, but it's not so in gambling, we gamble and depend on luck factor that we can not analyze to determine the outcome, except for sports bet where we can predict the team that'll win.
Your friend shouldn't chase loses, because he can become greedy and lose more money, so it's better for him to trade with the amount that he can afford to loose.
doing gambling and this is something which isnt recommended. You shouldn't really be treating up trading on this way. In the other hand on which we know that gambling is really just that leisure and its totally
that not the same if we do speak about trading. It is all different matters and on different ways on how you would really dealing up with it.
If you are someone who do make out trades without any basis then you are simply just making or doing gambling. We do know that it does require analysis and does required out that proper
approach rather than on making those pure guess on which you are really just that increasing your odds on making a bad or unprofitable or losing trade. If you do have this kind of approach
then it would really be better that you should have made out some gambling since from the start.
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?
They both have similarities but they're not the same. In gambling, you're betting on the outcome of a game while in trading, you're buying something at a lower price with the hope that the price will increase so you can sell and make a profit.
Trading becomes gambling when you make a trade without proper technical and market analysis.
Trading is complicated, but with consistency and learning you can get better at it. It's a skill that needs to be studied. Nobody just gets up and becomes an expert in trading.
Also, I believe the best traders are the ones that focus on a certain thing or industry. Trading both forex and cryptocurrency at the same time is not advisable for someone who's still relatively new. Focus on one and with time when you're better you can diversify.
Is it possible for him to easily recover his money back or is losses like that very much a part of the trading experience?
If his goal is to make his money back he may keep losing I'm afraid. The goal should be how to get better, and how to get more experience in trading. He should read more, and research more. And since he's not an expert, he should be trading smaller amounts of money. That way he won't lose most of his money.
Losing money is part of the trading experience, but there are ways to minimize your losses.
Is it possible for him to easily recover his money back or is losses like that very much a part of the trading experience?
I personally think that crypto trading and gambling have more in common than what makes them different, the two share a common factor which is risk, although gambling risks can be said to be higher compared to trading risks, nevertheless they're both very profitable if their risks comes out positively. The difference that I see is that crypto trading has a parten and can be technically analyzed, so traders atleast knows how the market works and what drives the fundamental analysis, but it's not so in gambling, we gamble and depend on luck factor that we can not analyze to determine the outcome, except for sports bet where we can predict the team that'll win.
Your friend shouldn't chase loses, because he can become greedy and lose more money, so it's better for him to trade with the amount that he can afford to loose.
in terms of risk between short term trading and gambling is almost the same, but you equate gambling and trading is wrong, because trading requires skill, different from gambling such as dice, slots which do not require anything to play just in one click you can see the results with fast, if your trading prioritizes skill over luck
Gambling also has sort of skills and you have to evaluate that as well. But for us to understand that, it's up on how we perceive these skills and understanding between gambling and trading. While the thinking of most is that gambling is just all about putting bets and leaving it like that. And as for trading, doing some analysis and waiting for the right time to make some money out of it. There's really some differences that we can see if we compare these two. 
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?
I used to think like this before, and after I reviewed again there were so many different views from everyone, and looked at various elements of why trading can be considered gambling and how trading is not considered gambling. 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?
I read someone's review on the forum and I received statements outside the forum from various experts and speculators, but I was quite forgetful not to save the links and posts, after I thought and considered why the trading that was done was considered gambling was 1 because it did not have a calculation method which meant just guessing the price and the second most important thing was that what was traded was not the original item or what we used to call derivative products or forex, I conclude that, and why trading is not considered gambling, it is as simple as the trader knows what he is buying at his risk and also what is being traded is a real item or what we call a spot asset (you receive the goods into your pocket). Both of these traits take away from the equation the nature of gambling.
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.
I don't know if it was Warran Buffet or Elon Musk that called trading gambling. If you don't understand how trading works it might seem as if it is gambling because both has same nature and even same rule of "Don't invest what you are not able to lose". "Don't gamble with what you cannot afford to lose."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.
Is it possible for him to easily recover his money back or is losses like that very much a part of the trading experience?
We cannot just determine if he will make his 5k back because we do not know the type of trading he did. If he traded futures the 5k is gone. If he is on spot, the coin could possibly reverse and I doubt that spot will sink his money in that nature. Is it possible for him to easily recover his money back or is losses like that very much a part of the trading experience?
Well we here this almost every day that trading is more like gambling, which is most likely to be short term trading. why it's refered to as likely trading is because of the issues of loses that even expert in analysis of the market still lose money while trading such as gamblers who are even experienced over the years of gambling yet loss because the market isn't predictable as games aren't predictable because it solely a game of luck.
in making this kind of reference one should be aware that there are some traders who are likely to loss less because of the mastering skills they have but although they loss, in the context of gambling one is even running a more risky game because you could get addicted which makes gambling more risky.
in making this kind of reference one should be aware that there are some traders who are likely to loss less because of the mastering skills they have but although they loss, in the context of gambling one is even running a more risky game because you could get addicted which makes gambling more risky.
I think this difference of opinion has existed for a long time. Many people think that trading is the same as gambling, but most other people think that it is very different from gambling. In trading itself, we choose assets to buy and sell based on research and analysis. It is true that sometimes we do the analysis wrong, but that is a normal thing in business and investment. However, in trading itself, we do not lose the assets we own, but the value of the assets we own decreases. Meanwhile, in gambling itself, when we make a wrong prediction, all the assets we bet on are lost.
Apart from that, sometimes people who trade are quite confident in their analysis and research, so when they enter the world of trading, they can be optimistic about getting their losses back. However, it all depends on what strategy he carries out, and there is no guarantee of returning the value of the assets he owns. Yes, there are many differences between gambling and trading, but it all comes back to each person's perspective.
Apart from that, sometimes people who trade are quite confident in their analysis and research, so when they enter the world of trading, they can be optimistic about getting their losses back. However, it all depends on what strategy he carries out, and there is no guarantee of returning the value of the assets he owns. Yes, there are many differences between gambling and trading, but it all comes back to each person's perspective.
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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?
Different people have different answers to this one.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?
For me, trading is only considered as gambling "ONLY" if the trader doesn't know anything about it, or at least he is consistently losing money because he has little to no knowledge about it.
Trading and gambling have different ways of winning. In trading, you need knowledge and skills, and you don't need luck whereas in gambling, you need a bit of knowledge about the game (or even no knowledge will sometimes do), a little bit of skills (depending on the game you're playing), and a huge amount of luck for you to win. Trading might be considered as gambling under some factors, but gambling can't be considered as trading.
Recovering $5,000? It's possible that he will use a huge capital to recover it. He can if he's lucky enough. I mean if he wins on a lotto then he can recover it in an instant.
This is also happening in your daily life. When you apply for a job, are you sure that the company will hire you? Or when you study and work hard, are you sure that you will have a rich life in the future? Basically, our lives are a gamble because no one can be sure and know what will happen in the future. Furthermore, as you said, you do not understand anything about trading, financial markets, bitcoin... nor do you have any knowledge about it, so on what basis do you think it is similar to gambling? You should not jump to conclusions about anything if you know nothing about it.
This is the point of it, taking a risk doesn't equal to gambling because gambling is guaranteed to lose since the house edge guarantees that whereas life is full of taking risks. Trading is not "almost" like gambling, it has nothing to do with it, if you are a good trader then you will earn, there is no downside to it at all, you can be the greatest gambler in the world and you will still not make a living out of it because house edge prevents that.So all in all, unless we are talking about something different, some variations of it, some detailed parts of it, the general concept of gambling and general concept of trading has nothing to do with each other. Gambling is not risk taking, those are two different things, not all risk taking would be considered a gamble.
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?
Depending on the trader in question this could be either true or false, there are many persons out there that think about themselves as traders, but in fact they are gamblers as they are not using a strategy they verified against the markets and they are simply following their gut feeling.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?
If your friend is like that then he is gambling without a doubt and there is not much of a chance for him to recover the money he has lost, but if instead he has prepared himself appropriately and understands that earning profits by trading does not bring immediate success, and he is willing to wait until the market comes to him and offers him a favorable trade, I would think he will eventually recover the money he has lost.
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Some gambling games also require skills more than luck. But since the casino has always an edge over its players and the casino house should always be on the winning side, the chances to gain profits is still low. Although some are winning exceptional amount of profits, but eventually when the gamblers stay betting, the casino will also get it back gradually until those profits have turned into zero.However, in trading, skills and right strategies will always dominate a positive outcome. If you are a well-experienced and an expert trader, the chances to stay profitable is certainly high, but also since the trading market is quite uncertain and you have no idea how the prices of those coins move in the market, at least you still need quite of luck to stay successful on your trades.
For me, with proper education, you can't say trading is gambling. Because if you learn everything that will help you to become good trader like risk management, technical analysis and fundamental analysis, you have high chance to become profitable.
Gambling and trading are alike, yet different from each other. While trading and gambling can both endure quick and consistent losses, if you execute them with greed. However, if you are just following the basics in trading and you do it with patience and consistency to learn and develop your skills, your trades will be done with full of efforts, most likely you will gain a successful trading outcome. Once you succeed and become profitable with your trades, you are not doing it like gambling anymore, but you do trading because you have the potentials to succeed on your craft.
By following the basics of trading and also developing skills in trading, we will certainly be able to become experts in trading and we will be able to minimize the possibility of losses that we will incur from the trades we make so that we will be able to gain profits from these trades, but very different from gambling, no matter how often we gamble and if we don't have luck in gambling of course we won't be able to win the gambling because we will lose in gambling if we don't have luck and if we gamble and also trade greedily of course we will experience losses because we has been forceful in doing so and is unable to make the right decision in the matter. 
in terms of risk between short term trading and gambling is almost the same, but you equate gambling and trading is wrong, because trading requires skill, different from gambling such as dice, slots which do not require anything to play just in one click you can see the results with fast, if your trading prioritizes skill over luck
Some gambling games also require skills more than luck. But since the casino has always an edge over its players and the casino house should always be on the winning side, the chances to gain profits is still low. Although some are winning exceptional amount of profits, but eventually when the gamblers stay betting, the casino will also get it back gradually until those profits have turned into zero.However, in trading, skills and right strategies will always dominate a positive outcome. If you are a well-experienced and an expert trader, the chances to stay profitable is certainly high, but also since the trading market is quite uncertain and you have no idea how the prices of those coins move in the market, at least you still need quite of luck to stay successful on your trades.
No, gambling and trading are totally different in terms of their aspects. In trading, you can increase your chances of earning through analysis or doing technical analysis or things that could help you predict the movement of the market. Indicators and signals are some of the tools that can be used, and of course, you will use your mind and skills that you could develop in trading over time. At least in trading, you are not doing that thing aimlessly.
While gambling, although some games require skills and mind, the thing is that your winnings could be based on luck, and there is no guarantee that you could win. Yes, gambling and trading are the same in terms of losing money. If you do them without caution, you might lose more than you earn. And lastly, gambling cannot be considered a source of income, while trading can be at some point if done correctly.
Gambling and trading are alike, yet different from each other. While trading and gambling can both endure quick and consistent losses, if you execute them with greed. However, if you are just following the basics in trading and you do it with patience and consistency to learn and develop your skills, your trades will be done with full of efforts, most likely you will gain a successful trading outcome. Once you succeed and become profitable with your trades, you are not doing it like gambling anymore, but you do trading because you have the potentials to succeed on your craft. While gambling, although some games require skills and mind, the thing is that your winnings could be based on luck, and there is no guarantee that you could win. Yes, gambling and trading are the same in terms of losing money. If you do them without caution, you might lose more than you earn. And lastly, gambling cannot be considered a source of income, while trading can be at some point if done correctly.
No, gambling and trading are totally different in terms of their aspects. In trading, you can increase your chances of earning through analysis or doing technical analysis or things that could help you predict the movement of the market. Indicators and signals are some of the tools that can be used, and of course, you will use your mind and skills that you could develop in trading over time. At least in trading, you are not doing that thing aimlessly.
While gambling, although some games require skills and mind, the thing is that your winnings could be based on luck, and there is no guarantee that you could win. Yes, gambling and trading are the same in terms of losing money. If you do them without caution, you might lose more than you earn. And lastly, gambling cannot be considered a source of income, while trading can be at some point if done correctly.
While gambling, although some games require skills and mind, the thing is that your winnings could be based on luck, and there is no guarantee that you could win. Yes, gambling and trading are the same in terms of losing money. If you do them without caution, you might lose more than you earn. And lastly, gambling cannot be considered a source of income, while trading can be at some point if done correctly.
Your approach towards the market determines the results you would get, there are traders who gamble in the market thinking they are trading, when you don't have a rule base strategy that you follow, simply you are gambling and not trading, plenty of traders don't have trading plans, and when they lose money they will come back and say that trading is gambling, but if you enter the market with the right approach, usually you will be in the winning side.
Trading without understanding how it can be done rightly and successfully is a complete gambling. Yes you are trading, but when you trade with uncertainty and you keep on losing for a quick period of time, it’s clear that you are trading like a gambler. You are trading not because of mere profits but you are trading because you are knowledgeable and skillful about it, and you have varied strategies that you have been working just to create your trades more successful and profitable. Otherwise, if you don’t see trading this way, most likely you are gambling. 
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?
Basically, trading is different than gambling. Sure, there is no guarantee for profits but we can increase the chance for taking profits if we have good knowledge. When we have good knowledge, we understand which strategy/tactics will be effective for our trading. We also can choose the most potential coins for trading and we know when the right time for entry-exit. In gambling, whatever the tactic and how good your knowledge may have no impact on the result of gambling. It is because most of gambling games only rely on the luck.Is it possible for him to easily recover his money back or is losses like that very much a part of the trading experience?
It depends on how he trade. If he got a lesson and he improves his trading strategy, he may return the money in few months. But if he only trade in the same way, I doubt he can recover the losses. 
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