Outside risk: similarities between gambling and trading? - page 8.

jossiel

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Quote from: omonuyak on January 19, 2019, 02:36:56 AM

I Think risk and reward are the two similarities between gambling and forex, stocks and cryptocurrencies trading. For those that have been doing trading and gambling what did you notice as a similar among the two and through experience how much have you made from the both?

I don't do forex so I can't give more details about that. But the similarity like what they said about the risk, they are identical but measuring the risk with gambling and trading. Everyone will agree that there's a bit more advantage to recover in trading.

While in gambling, risk is higher and if you're in the verge of losing a lot you'll just lean on your luck. There's also luck in trading but it's highly more of analysis and you need to allot your time on it seeking what coins shall have a good future for long term investors. And for short term investors, they need to be on trend looking for coins that moves from time to time but it's also more of a gamble because you have no idea when the trend for these coins shall stop.

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Quote from: omonuyak on January 19, 2019, 02:36:56 AM

I Think risk and reward are the two similarities between gambling and forex, stocks and cryptocurrencies trading. For those that have been doing trading and gambling what did you notice as a similar among the two and through experience how much have you made from the both?

The similarities between trasing and gambling same need to be knowledgeable skills and patience are very umportant to avoid panic during trading or while playing in gambling because of cause of the risk.

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Trading is a bit less riskier as it is supposed that you know what you are doing and you know the markets in general where in gambling you can be cheated by a low odd and think you are going to win without further thinking. Other than this not major differences, addiction is the same both in gambling and in trading you risk to lose big.

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In today's trading, there is a steady job, while gambling is only for those who do it well. The greatest simulation is not certain. In gambling and trading, we have people who try something that does not know the self-confidence in themselves, but unlike gambling, the trade is less dangerous and can not become an infection as gambling, while we have a situation where people with gambling lose the roof over their heads.

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There's risk in both trading and gambling, but it's definitely possible to make a profit in both gambling and also trading as long as you've figured out a strategy in order to make a profit and you correctly follow it, like using proper risk management in both trading and gambling so you don't lose all your funds on a few highly leveraged trades or a few bets/rolls in dice. There are indeed some games out there that require no skill and are completely luck, however, like dice on a crypto casino- you're guaranteed to lose in the long run under normal operation under most circumstances.

PeRo

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I have tried both, they are similar but trading is better if you want to actually make profit, gambling is mostly loss(unless you know what you're doing). It is a similar system, you give some money for a chance to make a big profit or lose it. The only difference is that in gambling you lose everything you gave, but in trading you lose the differnce between buy and sell value. All in all, I would leave gambling to be a hobby.

bering

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From trading and gambling i was can made profit but often too lost and in my view both actually needed luck to do so but gambling slightly risky than trading because in trading you can use your trading knowledge to minimize lost but in gambling if you have no luck then whatever method you use it will not avoid you to lost

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People here stating gambling is all luck and no skill haven't a clue what they are talking about. Perhaps the 2% of people who actually generate consistent profits at the bookies or on the sports exchanges are just lucky all the time yes?

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Quote from: omonuyak on January 19, 2019, 02:36:56 AM

I Think risk and reward are the two similarities between gambling and forex, stocks and cryptocurrencies trading. For those that have been doing trading and gambling what did you notice as a similar among the two and through experience how much have you made from the both?

Gambling and trading are totally different things but still i will try to highlight you the main differences.

Gambling: No Skills, Based on luck
Trading: Need Skills, No luck Needed

Gambling: More Risk, More Reward
Trading: Less Risk, Less Reward

Gambling: Experience does not matter
Trading: Experience makes you a perfect trader

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Quote from: omonuyak on January 19, 2019, 02:36:56 AM

I Think risk and reward are the two similarities between gambling and forex, stocks and cryptocurrencies trading. For those that have been doing trading and gambling what did you notice as a similar among the two and through experience how much have you made from the both?

The similarities are both are doing with the hope of winning the moment but in trading you can be experienced and skillful whichbcan make you a successful trader but gambling is not related to anything other than skills and trading is a job whether gambling is an entertaining activity.

shoreno

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So much fun that's the similar in gambling and in trading then this two give so much convenience everytime we try to risk in this example in crypto's gambling we only need to click our phone or laptop like if we play then in trading we only can take risk a little and if you compare this in real life you can't find like this crypto's gambling then in crypto's trading like everytime we gamble or we do invest

gambling is more easy but its hard to win although its fun but trading is not so easy but it can give you a secure profit . some people find it fun whenever they do trading while some dont treat gambling as a fun activity but they only gamble because they want to earn a cash .

Quote from: ralle14 on January 20, 2019, 01:35:26 AM

Both of them are unpredictable

trading is basically more predictable because we can based on different factors such as news , speculations , fuds , etc . while in gambling it is mostly lucks that will give you winnings .

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Both of them are unpredictable not all the time though. Risk management can be applied between the two because of the risk obviously. Since there's no specific gambling game is mentioned we could say skill is a similar factor that can help you. Timing is another example that you can sometimes experience but I think this falls on the luck part.

Quote from: ?? on ??

So much fun that's the similar in gambling and in trading then this two give so much convenience everytime we try to risk in this example in crypto's gambling we only need to click our phone or laptop like if we play then in trading we only can take risk a little and if you compare this in real life you can't find like this crypto's gambling then in crypto's trading like everytime we gamble or we do invest

Gambling can be fun because you're playing a game but with trading I don't know how does one find it fun to trade.

FlightyPouch

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These two has a lot of similarities with each other, for example risk and analyzing. Gambling and investing may not be the same but we are all risking our money to earn more. Though investing also includes risk, it is better than gambling. I earned a lot from investing in years, there are also some losses but I do earn than loss unlike gambling.

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Quote from: el kaka22 on January 19, 2019, 03:30:47 AM

This must be a another difference between trading and gambling.

They may be similar in some way, but during their worst cases, I don't think there is a similarity between these two, though both were using the emotions. But at the same time, the result is not the same.

We may find trading and gambling that is almost the same at the same yet both has a different outcome when it comes to their worst.

pixie85

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There were many similar threads in this section you might want to look for them.
To me trading volatile markets and shitcoins is the same as gambling. In traditional markets you can do some TA because these markets work much slower and are less influenced by FUD. Trading cryptocurrencies is very hard and the volatility is very high. If you use leverage you are going to lose it all sooner or later.

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Quote from: omonuyak on January 19, 2019, 02:36:56 AM

I Think risk and reward are the two similarities between gambling and forex, stocks and cryptocurrencies trading. For those that have been doing trading and gambling what did you notice as a similar among the two and through experience how much have you made from the both?

Gambling is not like trading trading gives you the hundred percent profit while you can do the 100% work but gambling is not like that if you put hundred percent you can get 200% this will be the main difference and it will be not sure in the profitable way.

el kaka22

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Quote from: omonuyak on January 19, 2019, 02:36:56 AM

I Think risk and reward are the two similarities between gambling and forex, stocks and cryptocurrencies trading. For those that have been doing trading and gambling what did you notice as a similar among the two and through experience how much have you made from the both?

There are two types of trading are available: day trading (scalping in forex) and positional trading (long-term trading in crypto).
It means you can approach trading either in gambling way or you may trade like a professional. It is up to you.

There are many similarities and at the same time there are big differences between gambling and trading. How we are approaching these is the big decider here. You should make sure what you're doing and why you are doing and that is being called trading and you can do anything at any time by just listening to your emotions is a way of gambling.

I believe we can go for trading in gambling way (then results also might be similar to gambling) and at the same time if we approach gambling in more determined way, still there will be less possibility for obtaining the desired results in gambling. This must be a another difference between trading and gambling.

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Gambling is simply believing our luck to make money but in trading it comes skills into play with little bit of luck and when you are much experienced in trading you can know the conditions well among the others and can decide what is best for you but in gambling experience is nothing.

omonuyak

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I Think risk and reward are the two similarities between gambling and forex, stocks and cryptocurrencies trading. For those that have been doing trading and gambling what did you notice as a similar among the two and through experience how much have you made from the both?

Topic: Outside risk: similarities between gambling and trading? - page 8. (Read 897 times)