I have read many discussions about trading and gambling, some people have rather joined the two as gambling. That is not totally true. For traders who agree that trading is same with gambling, they are just lazy to go into work and adopt the ethical way to trade and those are:
Lots of people don't really understand what trading is all about, most of them don't really know how to do their analysis, most of them just see people talking about a particular coin, and they will also decide to buy which at the end, they will keep on hoping they are lucky the coin pump, we all know we also need luck in trading, some times you might think your analysis is right, but at the end you might be wrong, but that those not mean you depend on luck without running your analysis. Trading is not just about buying, you have to properly do your analysis to know the appropriate coin to buy, appropriate time to buy, and appropriate time to sell.
Topic: Luck is what you need in gambling but you have to get to work with trading - page 7. (Read 918 times)
June 19, 2023, 03:17:14 AM
June 19, 2023, 12:09:19 AM
Trading is not gambling. You require luck in gambling but you require work in trading.
what you say also makes sense. trading will always be different from Gambling. except for those who don't know how to trade well.but both also require our luck in doing so. in trading we also actually need luck, so that the analysis we use is by the direction of price movement. I can't say that the direction of market movement will always be by the indicators we use in market analysis. we have skills in trading, but also need luck in our decisions.
June 18, 2023, 08:44:33 PM
I agree with this because trading needs dedication and work, it's not like gambling where you will just throw your money and wait for your luck.
The result of any bet on gambling is based morely on chance so it's really far to trading, when you have proper understanding on the market, you will be easily identify and predict closely the market.
Both trading and gambling need luckiness but with trading, you need to brainstorm more to get profit and can not solely rely on luckiness.The result of any bet on gambling is based morely on chance so it's really far to trading, when you have proper understanding on the market, you will be easily identify and predict closely the market.
The magic from trading is if you feel unsafe by market movements, trend changes or just realize that your position was opened badly, you will have chance to close your position and exit it with a draw, a small loss and wait for other chances in future with better entries.
In gambling, after you click on Play, you are done and only can wait for probability to see whether you lose or win that bet.
June 18, 2023, 08:32:49 PM
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Trading is not gambling. You require luck in gambling but you require work in trading.
What is your thought.
I agree with this because trading needs dedication and work, it's not like gambling where you will just throw your money and wait for your luck.Trading is not gambling. You require luck in gambling but you require work in trading.
What is your thought.
The result of any bet on gambling is based morely on chance so it's really far to trading, when you have proper understanding on the market, you will be easily identify and predict closely the market.
June 18, 2023, 08:05:08 PM
Luck does sometimes work very well, especially in gambling, and even in trading too. but this will not be long or last a few times. In fact, not everyone will always have good luck at certain times. Luck is a bonus, not something underlying or to be considered in trading. Trading requires ability and expertise in analyzing to make decisions.
Trading and gambling are quite different, although both required luck inother to come out prominent. You're right, luck does not work sometimes but in some cases, it showed up. Gambling requires fulltime luck, because it's unpredictable, anything happens within a range of time, before we knew it, things either turn out for losses or profits on our side. Luck is everything we need for us to be succeed in the space and have absolutely no limitations on streak profits. I've witnessed scenarios were newbies generate enormous profits from trades knowingly fully well that they have no idea of the projects they invested on. 
June 18, 2023, 06:06:26 PM
Trading is trading, while gambling is gambling. They are different but having some similarities too.
I tend to agree with this concept and that's very simple.It's easy to determine, if you're in trading and don't have knowledge, then that's gambling.
Because trading is a skill-based activity and luck might play a minor role in trading, it isn't the determining factor.
If you're a trader who relies solely on luck are unlikely to achieve consistent profitability because IMO, it needs hard work, research, and discipline are very important components for successful trading. Traders need to analyze market trends, study charts and need up-to-date financial news.
June 18, 2023, 04:58:39 PM
I have to agree with this since gambling in the first place relies only on luck alone to make your bets work. Although sports betting may require some good background on the match and analysis on the market, but in the end you will never win if you also don’t have the luck to win. But with trading, everything is set to follow a working process. You will never be successful in trading by following shortcuts, but you should always stick to the rules and manage your emotions so it will not ruin your trades. And while gambling is a way to make you lose, trading on the other hand is designed to make you profitable. Of course, that is highly possible if you work on you skills and strategies to win.
June 18, 2023, 04:54:35 PM
Luck does sometimes work very well, especially in gambling, and even in trading too. but this will not be long or last a few times. In fact, not everyone will always have good luck at certain times. Luck is a bonus, not something underlying or to be considered in trading. Trading requires ability and expertise in analyzing to make decisions.
June 18, 2023, 04:38:49 PM
Yes, it’s true as gambling only relies on luck alone for you to succeed and be in profits. However, with trading, it needs a lot of preparation before you decide to trade. You should acquire knowledge and enhance your skills first before you can be a good trader. Otherwise, you will only trade and lose your money just like gambling your own capital.
There are traders who are also depends on their luck and with this, many are losing because they treat gambling in a wrong way. If you want to succeed on trading you must start doing your best to learn its process and all the indicators because in trading is all about your analysis. To become a trader it will always take time and take a lot of hard work, if you are not so serious about this don’t expect to become a good trader. 
June 18, 2023, 04:38:34 PM
Gambling is purely based from luck and chances, while trading is based on knowledge and skills, and some good and working strategies to win the trades. Though I believe trading also needs luck as much as it is as there are times trading end up still at a losing end. And when gambling, even if you have the knowledge and strategies, winning is not guaranteed while trading increases its chances of winning your trades and making you profitable if you know how to analyze the market and adopt whatever the market trends.
Not all traders can be called traders, but some of them can also be called gamblers. You probably know what I mean, so it's not surprising when you actually find them trading by feeling instead of analysis. There are several types of trading that can be classified as gambling, and one of them is binary options. Binary options traders rely solely on feelings to make decisions, not analysis, so it comes down to luck. If some people trade spot or futures in that way, then they are gamblers. June 18, 2023, 04:36:56 PM
Both are actually different in the sense that gambling requires no any preparation at all like gaining good information first and use some strategies to win since gambling results will always be unpredictable. And it’s solely rely on luck, if you don’t have the luck, you will never make profits. However, with trading you need to set yourself ready, and be as knowledgeable and skillful as you are so you can take advantage the market and win your traders. Trading follows a process so you need to stick to it if you don’t want to trade and end at a loss.
June 18, 2023, 04:35:53 PM
Trading is trading, while gambling is gambling. They are different but having some similarities too.
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It doesnt really need to complicate things in between things on which you could automatically spot out on whats their main difference. I dont know on why there are some people who do really --
goes into those ideas that both things are just the same.Yes, its true that they do have similarities but we know that they are completely different to each other because one is for entertainment
and one is for investment/business/job in overall on which you could really potentially be able to make money if you do able to work hard and learn those skills which you would be mainly needing
for you to sustain a certain market. Making yourself profitable in trading is never been that easy and results arent really that instant which its true that you would really be needing to work hard
before you could really be able to attain such state. On the time that you do have both experience in these 2 things then you would be finding out their main differences on point.
June 18, 2023, 04:29:47 PM
Yes, it’s true as gambling only relies on luck alone for you to succeed and be in profits. However, with trading, it needs a lot of preparation before you decide to trade. You should acquire knowledge and enhance your skills first before you can be a good trader. Otherwise, you will only trade and lose your money just like gambling your own capital.
June 18, 2023, 02:44:30 PM
Gambling is purely based from luck and chances, while trading is based on knowledge and skills, and some good and working strategies to win the trades. Though I believe trading also needs luck as much as it is as there are times trading end up still at a losing end. And when gambling, even if you have the knowledge and strategies, winning is not guaranteed while trading increases its chances of winning your trades and making you profitable if you know how to analyze the market and adopt whatever the market trends.
June 18, 2023, 02:00:44 PM
Both are risking something for a profit. In gambling, you can bet on sports and reduce your risks too with the help of analysis. In trading, you also need to have some luck to get the best possible trades at a given time. Sure, it can be predicted using patterns, analysis, and studying of historical data, but there are still some instances wherein luck is the only deciding factor on the trades.
June 18, 2023, 01:51:28 PM
I have read many discussions about trading and gambling, some people have rather joined the two as gambling. That is not totally true.
There could be times when trading becomes a gamble — when the trader literally have no idea of what (s)he is doing. Okay... Like when the Amateur trader literally have no idea of what..... He keeps swimming in luck but the professional trader will cut his losses short to stay out and come back because he knows for sure that the market has changed against his order.
I have read many discussions about trading and gambling....
Trading is not gambling. You require luck in gambling but you require work in trading.
What is your thought.
Absolutely right, because, but after reading your post i am forced to contemplate that, we used to say "invest in crypto with what you do not afraid to lose". and we also used to say "play in gambling with what you do not afraid to lose". Then what other difference remains there, Trading is not gambling. You require luck in gambling but you require work in trading.
What is your thought.
Stop losses is really helpful to cut losses
The difference that remains is that stop loss is a major difference of control to your risk when you are already in the trade but in gambling, you only depend on luck when a game is going against you. You can't cut your losses if you are to lose.
June 18, 2023, 01:41:30 PM
Trading and gambling are two different things. If someone compares trading with gambling and considers trading as gambling then it is up to the trader, then trading does not become gambling. There are two categories of gambling, sports betting and casino gambling, where different gamblers have their different preferences for gambling. Trading is an investor's place, where professional traders engage with their talent and experience. So a trader must have experience, talent, and knowledge about how the market works before going into trading.
And those who come to the market without any skill and lose their funds by trading, in fact they are not even gamblers, they are greedy and lazy people who think that they can easily get everything without any effort. So it seems to me that trading is misused by some people as an easy way of making money, and as a result they end up losing their capital.
And those who come to the market without any skill and lose their funds by trading, in fact they are not even gamblers, they are greedy and lazy people who think that they can easily get everything without any effort. So it seems to me that trading is misused by some people as an easy way of making money, and as a result they end up losing their capital.
June 18, 2023, 12:44:05 PM
Gambling is of two types, Sports gambling and Casino gambling. Now in sports gambling some knowledge and calculations required along with luck and in casino gambling, everything depends on luck. So yes luck plays an important role in gambling. But in case of trading, you have to adapt to the market and trade according to the market requirements. So yes in trading your capabilities and understanding of the market helps you to make desired amount of profit. In this manner you can distinguish between the two.
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June 18, 2023, 12:08:07 PM
1. To cut your losses and increase your profit: You can conveniently do this by using stop loss or take profit adjustment or trailing stop but in gambling, is one straight end once you have gone on the bet, you either loss all you bet or win or you bet for.
Stop losses is really helpful to cut losses but increasing take profit will not increase your profit because you just increase your margin on when you take profit while the price is jot guarantee that will go upward. Remember that you have stop loss which means there’s a chance that it hit that first before the price hit your target take profit price. There’s no way to increase profit aside from increasing your margin or capital.
2. A trader can adjust his risk appetite by reducing the lots size to suit his account and determine his appropriate leverage but in gambling, a bettor has to go with the odds provided for the gay. He can't reduce or increase it against the fixed odds.
3. Traders use analytical tools to determine what market price will be and wait for appropriate timing but gamblers play by the rules of casino.
3. Traders use analytical tools to determine what market price will be and wait for appropriate timing but gamblers play by the rules of casino.
What gay?
. I think you are only using slot games to represent the gambling. There’s sports betting game in gambling that let you choose the odds of your preferences. This is almost same with trading because you will need analytical skills to choose the best odds base on your risk appetite. 
June 18, 2023, 12:07:31 PM
Trading is not gambling. You require luck in gambling but you require work in trading.
The intention behind trading is mainly to make money, not for fun, You can make money from gambling, but that is not adviced to be the main purpose of gambling. In trading, your chances of becoming a better trader increases with how well you are able to improve on your knowledge of trading and skills, but in gambling, the more your skills improve, the closer you are to becoming an addicted gambler, and even with all your skills, you can still loose when you play games that are not skill based. Logically if trading and gambling are the same, why don't more gamblers not come to trading? but on the contrary, many traders actually go to gambling after they get profits to have fun there. At least that's what I've seen so far from the habits of a trader and gambler.
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