Trading, gambling and binary options. Which one you prefer? - page 6.

maydna

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Quote from: maxreish on February 29, 2020, 08:50:08 PM

I do both trading and gambling.
At first I only do trading preferably altcoin trading and margin trading. Then decided to try out gambling and sports betting. When doing some trades, we have a basis like technical analysis. While in gambling, no effective strategies in the long run but purely base on luck itself. However, I am both enjoying them so far.

For now, I am still doing some DYOR about binary options. Haven't try it but I am well interested to do some binary trading in the future.

Be careful if you still playing gambling because you know the danger of playing gambling. But for playing gambling with little money will not be a problem because we don't risk too big money in gambling, but you need to know when to stop in gambling.

In trading, you can have the opportunity to make a profit bigger than playing gambling because you have so many coins that can allow you to buy and sell and make a profit.

Binary will need more knowledge because if we know about crypto trading, it doesn't mean that we can use the skills to analyze in binary options. You still need to learn another lesson about binary options.

adaseb

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I tried about binary options maybe 10 years ago or so. I was also tricked by the "deposit bonus" non sense. And basically the binary options had available 60 second contracts, so I figured how hard can it be. Was I in for a surprise.

First of all, using any binary options less than 60 minutes is basically a coin-flip, there is some much randomness out there in a timeframe that low, its pretty much a gamble. Only time is maybe when there is some news report out like employment numbers.

Second of all is that "deposit bonus", the trick is. If you accept the deposit bonus, take a few trades and then find out that you will never make any money this way and try to withdraw you won't be able too. Why? Because you need a certain roll-over and the roll-over is very high, so most likely due to huge house edge you will lose all your money. Hence why its not allowed in USA.

pjwaffle

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Of the three issues, I would probably prefer trading because it depends on your correct judgment. As for gambling and binary options, I do not dare to play because most people have a clear rule for themselves, they should play, otherwise they will lose a lot of property

maxreish

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I do both trading and gambling.
At first I only do trading preferably altcoin trading and margin trading. Then decided to try out gambling and sports betting. When doing some trades, we have a basis like technical analysis. While in gambling, no effective strategies in the long run but purely base on luck itself. However, I am both enjoying them so far.

For now, I am still doing some DYOR about binary options. Haven't try it but I am well interested to do some binary trading in the future.

Wawa2013

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Yeah, it's better to trade in my opinion than gambling, because my experience in gambling can spend money in an instant. Although trading is also very risky, but trading we can still manage the risk of loss and if the market is in good condition it will be very profitable, especially if you are already proficient and have many hours of flying in trading.

Kelvinid

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Gambling is actually not the right place for me. I tried several times in gambling but it never works for me and it seems to be that I don't have luck in there. This is purely a luck based game unlike in trading.

Though trading could be at high risk but many were having this one cause it is profitable when you can manage your funds and self in here. The most reason why people keep failing in trading is because of emotions and mindset. We are looking for the best place to stay and to become profitable. It sometimes we feel bad about the situation that we have but that is life and that is why we have to choose the place where we feel comfortable doing with either in gambling or in trading.

ice098

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Quote from: FanEagle on February 29, 2020, 12:51:47 PM

If we have to pick one of these, I would say gambling is a lot more fun than the other options. I don't know about binary too much so I can't really say what it is or why I wouldn't pick it, simply I just don't know that one. Between trading and gambling tho is the fact that I am not good at trading neither, I am not capable of doing any decent trading personally so it is basically like gambling for me as well.

However, when I am gambling I do not gamble dice too much and I prefer to gamble with sportsbooks which allows me to at least study and know what I am betting on which allows me to profit a lot more. Otherwise there is really no other difference between trading and gambling if you don't know what you are doing.

That's your way of freedom on spending and nobody can stop us of playing gambling. But with my own opinion, we can't link gambling over trading, because in trading you won't lose both capital and profit. You're still have the option to sell or dump when you see the trading isn't working, but on gambling nothing will be recovered when you already bet for any of those betting games.
Trading is one of the most effective, as long as you're equipped with skills and self motivations.

imstillthebest

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Quote from: Mahanton on February 29, 2020, 04:15:10 PM

Quote from: Mpamaegbu on February 29, 2020, 11:34:19 AM

Quote from: KarlKanKarl on February 27, 2020, 09:52:11 AM

Some years ago, I learned how trade. So, I trade and gamble. Later, I like binary options.

Isn't Binary Options trading too? You lost me there because I know it is. Gambling is the odd one there in your list. From your story, it's obvious your problem is over confidence in your trading plan and using large lot size/stake. No trading plan or system is perfect. There are draw downs from time to time and to survive this draw down when it comes is to "not over lot size". Money Management is very important in trading.

Yeah its trading but it is somewhat like gambling yet you would need to guess only two things which is either higher or lower into the price you bought in.

This can be studied though unlike gambling which do really based on luck most of the time but i havent tend to engaged with BO yet i dont really trust up much those
platforms when it comes to their price tickers.

Trading would be the best choice for long term.

binary option are now popular these days . i always see them anywhere being advertise and for sure many people already enter and try it more than cryptos but for me crypto trading is still better because like what you said binary option are like gambling but with a twist of trading . actually crypto trading or simply trading is are like gambing too due to the risk and because they are unpredictable too , add in the volatility of crypto and manipulation but gambling has the highest risk of them all although gambling is enjoyable . in short all three of them have thier own specialty .

Mahanton

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Quote from: Mpamaegbu on February 29, 2020, 11:34:19 AM

Quote from: KarlKanKarl on February 27, 2020, 09:52:11 AM

Some years ago, I learned how trade. So, I trade and gamble. Later, I like binary options.

Isn't Binary Options trading too? You lost me there because I know it is. Gambling is the odd one there in your list. From your story, it's obvious your problem is over confidence in your trading plan and using large lot size/stake. No trading plan or system is perfect. There are draw downs from time to time and to survive this draw down when it comes is to "not over lot size". Money Management is very important in trading.

Yeah its trading but it is somewhat like gambling yet you would need to guess only two things which is either higher or lower into the price you bought in.

This can be studied though unlike gambling which do really based on luck most of the time but i havent tend to engaged with BO yet i dont really trust up much those
platforms when it comes to their price tickers.

Trading would be the best choice for long term.

rexxarofmoknathal

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I depends on what the person likes either Binary Option or trading. Binary options in themselves aren't too difficult to do since you rely on platforms to do it all for you, though this is extremely risky as these can get hacked and inadvertently lose your money.

In trading, at least you have some control over the different options, it can also be risky but you're handling more power than if you was to use binary options.
It's all a matter of convince and calculated risk.

princerepon

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Gambling is one of the hell platform that i'll never recommend to anyone for earn money. Cause no matter how much you start good end of the day you will lose everything. Like you said "I still lost all my money to gambling." And i will always choose Trading over Binary Options. Cause i think in trading you have better opportunity reach success than binary options. I didn't try gambling but i tried binary options before and in my opinion Trade is way much easy, comfort and freelance than others. Of course you will loss sometimes which is part of trading but in bottom line you can stand yourself in any situation.

FanEagle

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If we have to pick one of these, I would say gambling is a lot more fun than the other options. I don't know about binary too much so I can't really say what it is or why I wouldn't pick it, simply I just don't know that one. Between trading and gambling tho is the fact that I am not good at trading neither, I am not capable of doing any decent trading personally so it is basically like gambling for me as well.

However, when I am gambling I do not gamble dice too much and I prefer to gamble with sportsbooks which allows me to at least study and know what I am betting on which allows me to profit a lot more. Otherwise there is really no other difference between trading and gambling if you don't know what you are doing.

deisik

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Quote from: KarlKanKarl on February 27, 2020, 09:52:11 AM

But, I later switched finally to long term trade in which i buy at low price, hold, and later sell at high price. This is where I gained more than 500% of my capital this year alone. I still trade on short term bases, but the cryptocurrencies i used is 5% of what I used to trade on long term bases. I profit from both but the profit from long term can be higher but take long time

Cryptocurrency trading is not particularly different from gambling

It can even be considered a form of gambling in its own right. How so? Because cryptocurrencies are a zero-sum game mostly, which means that someone has to lose so that someone else could profit (think of it as musical chairs). And what adds insult to injury is the fact that there is something which can be loosely construed as house edge

These are the parties to the trade which never make a losing trade (exchanges, arbitrageurs, insiders, and their likes). In other words, if they ever trade they always win, and that leaves us, simple folks, with less trading chance since their profits are our losses, as simple as it gets

Mpamaegbu

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Quote from: KarlKanKarl on February 27, 2020, 09:52:11 AM

Some years ago, I learned how trade. So, I trade and gamble. Later, I like binary options.

Isn't Binary Options trading too? You lost me there because I know it is. Gambling is the odd one there in your list. From your story, it's obvious your problem is over confidence in your trading plan and using large lot size/stake. No trading plan or system is perfect. There are draw downs from time to time and to survive this draw down when it comes is to "not over lot size". Money Management is very important in trading.

Meowth05

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Just like everyone I will choose trading among the list because first of all Gambling is not a way to earn profit but rather it is supposedly use for fun and non other than that. While Binary trading on the other hand posses an extreme risk that I would never to place my investment no matter what happen, because it is more likely investing in a investment that has low chance of giving a return.

nekonyun

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I chose trading over gambling because trading has a way to market analysis and gambling has no way of analysis to win, seeing my friend gambling he loses big money

conected

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Quote from: abel1337 on February 29, 2020, 08:06:15 AM

I prefer both Trading and gambling, I have much experience in both gambling and trading than the binary option. Sometimes we are sticking on the things that we are doing better, I never tried binary option because it is too much for me in learning all of those and I know it is more similar on our the crypto trading we are doing but crypto trading is far better than a binary option on my opinion.

We do have our own preferences on the thing we are doing but gambling and cryptocurrency trading is one of my comfortable way of earning money online.

- Gambling is an interesting hobby but it is very addictive, a lot of people have spent all day time for casinos, ignoring all investment opportunities, although good control may limit this problem but when we get to gambling, it's hard for us to see the stops, almost to forget everything, so I feel like you should try to get rid of gambling in your interests, focusing more on trading to make a profit. Speaking of binary options, it is a gambling game that requires a lot of calculations and knowledge, the success rate is too low, we will often become prey to others

abel1337

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I prefer both Trading and gambling, I have much experience in both gambling and trading than the binary option. Sometimes we are sticking on the things that we are doing better, I never tried binary option because it is too much for me in learning all of those and I know it is more similar on our the crypto trading we are doing but crypto trading is far better than a binary option on my opinion.

We do have our own preferences on the thing we are doing but gambling and cryptocurrency trading is one of my comfortable way of earning money online.

ultrloa

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I tried binary and it never works for me since I'm kinda get bored from it since it's not ideal for me that's why I go on trading where I can choose many alts to trade and compare to binary there are more movements in crypto where we can ride to gain a profit. I also like gambling but I didn't look for profit on this platform since there's no stability we can get unto that and better gamble just to have fun and don't take this as money machine platform.

gabbie2010

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Quote from: Mia44 on February 27, 2020, 11:01:37 AM

I will never join binary options, because I have a very bad impression of it. Because it is extremely risky, and it is important that I have many exchanges created for fraudulent purposes, without any license certificates. These floors also constantly false advertising to entice new people.

I also had a bad experience in binary option the brokers do manipulate trades to favor them as a trader you can never make any tangible profit and the fixed expiry timing is also setback towards having a winning streak, I just have to learn trading which I believe is less risky and very profitable in a long term perspective while gambling is a no go area for me being the easiest way of losing money.

Topic: Trading, gambling and binary options. Which one you prefer? - page 6. (Read 1149 times)