Topic: TRADING IS NOT GAMBLING (Read 333 times)

I love the explanation you gave, trading is is unlike gambling while gambling your expextation is extremely based on hope while in trading you know what you're doing expecially when you see pattern concoring to some analytical movements. Most people take them for thesame thing but the truth is that, people who do such are those who might have had loses in trading probably because they failed to learn well before excuting any trade.

Dem no suppose dey reason trading as gamble. Just d other day for my side, one guy just dey talk say trading na cooperative gambling. The matter tire me and me no be person wey dey sabi follow person argue. I go continue to talk am, trading no be gambling. Na people wey no sabi trade na dem dey call am gambling..

That’s just the facts: between trading and gambling, the titles are differences, but they are almost the same based on both of the two carrying the risks, but for me, it’s like the risks of trading are more physical than gambling since trading is just like something that a person is willing to purchase after knowing some little problems that it has, but based on the willingness and ability, that’s why he/she are having interest on trading.

But you see, the word of gaming is not something that a person can even rely on, because it can turn a person down at any moment, and that’s why people always prove that the risk of gambling is also high, which is very difficult to control: some will be have so much hope on a bet that they stake at times the game that they will be hoping for is the one that brings them to lose all of their money at once without reversing back.

Trading and gambling no be the same thing but the reason why most persons dey say gambling and trading na the same na base on say the outcome almost dey alike.The chance to cash out for trading hard na same thing with gambling.Many bitcoin experts dey use this phrase well well(to trade crypto be like gambling your funds)dem dey use dat phrase base on say dem wan inform the newbies make dem no dive into trading wey dey no know the fundamentals and how the market dey work.Just like the Op yan,no carry that mindset say trading na gambling enter trading, because that mindset fit distract your goal.To me trading dey different from gambling, reasons are;
1.Trading get strategy to earn profits while gambling no get strategy rather na by luck and odds pipo take dey use cash out for gambling.
2.Gambling na for fun while trading na for making profits.

Sure my boss man, most times people dey mistake the two, because of the unnecessary losses wey dem dey incure anytime them try to trade but them no know say na because of lack of skill no be luck

You sabi dis wan, I nor go lie give you at all. I don read tire for here wit some of owa people wey dey even argue sey trading na gambling. Na just wan thing e go mean wen people begin talk dat way sey both na d same and dat thing na sey dem dey lose weneva dem trade. Dem buy, dem lose. Immediately, dem enta sell dem still lose. Any angle wey dem follow, dem go still lose.  Dat wan go begin dey confusing to dem and na im make dem dey compare am wit gambling. E nor be so. Wetin dem lack na skill set and patience wey trading dey news. Wit trading e get wetin dem dey buy and sell but for gambling e nor get anything wey dem dey buy and sell. Na just imagination or picture of hitting jackpot dey drive people to participate for gambling. E nor be like dat for trading.

Going by your description, we can refer to Trading as low-risk Gambling to an extent. But going by the way of a newbie who you're trying to convince to join trading, it is purely gambling. I've seen people loose almost all their assets with anxiety in trading.

Sport betting can also be mastered even though it's always 50-50. Sport betting and trading is linked because even trading is 50-50 however, trading is a better option than betting. Until you learn the complete trading trick, it remains gambling.

They both have risk just that they are minimal trading is better than gambling because gambling is risky in the sense that there is no stop loss and take profits and other leveraging that will reduce the risk of losing all your money and when you trade you will have the mindset of doing well when it comes to trading because of that mindset of taking risk and that is why people are always trying to compare the two because of its risk and anything that as to do with risk gambling is always in the best position.

Both trading and gambling they have there own people and trading have there own squad so a lot of things look different and gamblers are very greedy, and they don't want to lose money and they want to use a very small amount of money, and this are reasons why I will even prefer trading than gambling by far because of your emotions will be corrupted.

Na same thing Dey happen with trading, because even with all the technical analysis, market fit still shock you because the market Dey very volatile and nobody fit Dey 100% sure wetin go happen next na why traders Dey only speculate and not being certain.

I no want over Dey speak for gambling make people no coke Dey think say I no understand trading but I just Dey try to call spade the real name and not live in the internet world wey people no Dey agree say even with all the speculations wey trader fit get, the market fit still shock am 😂

Everything you talk na 100% true Boss. Make I dwell small on the skill based game aspect. This types of games Dey really make plenty people argue say person go fit Dey constantly profitable for gambling, and say them no really need luck like that. For example, I go use games like card games, and even those people wey Dey like to bet on 8ball Pool. These sort of games for sure, person fit use the experience and skills him don gather for the game as a major advantage to win, but E no really mean say them no really need luck, because that unpredictability factor wey Dey present there na E luck Dey use Dey enter there even with your level of experience and skill, you fit still jam better surprise.

What you mean is that trading is better compared to gambling. You may not be wrong but also be wrong depending on who is taking from your perspective. Both are supposed to be profitable but the risks associated often limits what to get.

If you are referring to options like stop loss in trading do not forget that gambling has it's own risk control, a few of them like Early cashout, Cut one and varieties of options to pick from while selecting games to bet on. If you are a trader, try as much to perfect and same goes to the gambler, yet one person can still do both depending on his/her risk tolerance.

Basically, the amount of risk that is in gambling is not as much in trading. Every trader is dependent on the stock market and they know where they will get benefits. Basically, gamblers gamble in the hope of profit and then suffer disappointment. Even if he makes a profit, he has to stay in the gamble, but trading is not like that at all. If you are a trader and know the rules, then you can easily profit. But there is no guarantee in gambling. And trading is not gambling at all

OP you don talk well, everything wey you talk na legit, just dat some persons don get the mentality finish so to change am go really hard, them no go wan gree, e no get eetin you wan tell them, them just believe say the two thing na d same thing and so for them na gambling them go prefer based on day e require just  random knowledge, e no be like trading wey requires you to put in effort study some kain data dem, and d flat say gambling na luck based more come make these pipo believe say na to just run am like dat wey be say dem no need dat too much effort wey dem go need to trade.

That one na for skilled based games and no be lie because e get some kind games wey you go dey gamble and with time you go get small experience wey go fit help you the next time wey you dey gamble but e no still mean say you get 100% assurance say you go make am and na why people dey advice say make you no go dey copy another made bets.

Make we take sport gambling as example, as you dey play am often, e get some kind skills wey you go develop wey newbie wey just dey start no fit get but still you have to depend majorly on luck. Trading na say A na A and B na B but gambling, A fit be B (hope you get the points now). If you learn trading well, you can be guaranteed to win 70-80% of your trade always even though you just dey wake you up from sleep na why we get traders wey dey make am after they done learn am well. Gambling is just strictly a luck game.

This is true!
I believe the only striking similarities between trading and gambling is that they both involves wagering of money and they also involve risks of losses and potentials of winning. But these concepts are on a totally different scale. Wagering money on gambling is way more different from that of Trading, this is because, so far, I do not believe (because I haven’t seen) that a gambler has been able to develop  any gambling skills and strategies that has been able to ensure the gambler a consistent and constant victory in gambling, but we have several successful traders who are making crazy ass profits from trading with their self developed strategies, so it’ll be a flawed mentality to perceive the both concepts as one and the same.

The name already spelled the difference between the two. The similarity between the two is that they both involve high risk, although the risk of gambling is higher than trading because you can modify your lose in trading but in gambling you can not.

In trading, despite that you can not be so sure of your analysis in all trade, but you can decide the amount of lose you want to accept by setting a Stop lose but in gambling, there's nothing like stop lose.

Your last paragraph don talk finish boss, trading and gambling just get facial resemblance, them be like twins wey resemblance each other well well but their mama know who be who even if public no fit differenciate them

Thanks you boss, na just the truth be that, I wish say I fit get avenue to dey sensitive people say the two no be the same so that them no go dey carry gambling mindset dey enter trading

There is an undeniable need for experience in trading in the financial markets and for this you need to focus on trading strategies along with money. To win in gambling you need to have floating cash regardless of luck which is the skill of achieving goals through patience. I say that lack of experience is more responsible for losing money in gambling or trading in the market. Being lucky can bring you victory in both cases, along with being a good entrepreneur by systematically converting your feelings into action. I agree with you that the process of making money by copying signals is not a business sign. A trader has to be aware of his intuition and try to gain profit by considering the surrounding situation. This method allows him to be skilled in making money and finally he becomes a strategic investor.

My brother, you dey get the whole concept wrong, first off trading no be very good investment. However trading and gambling na two different concepts but they share similar features just that one involves speculating wetin the price of different coins fit turn out, with the help of market analysis and skill, while the other one wey be gambling involves predicting the outcome of uncertain event with the help of different strategies and luck, both of the get their own profit side but the risk factors dey very high the similarities na be say the speculations and predictions dey uncertain, also gambling na strictly based on luck than using good strategies but for trading you go need dey very skillful and study the market very well. Anyways I fit agree with you say trading dey more preferable pass gambling since profiting from gambling na mostly by chance while trading go require more of your skillset and how well you understand the market and manage risk before you go fit profit on the longrun.

I get your point Senior but I think say, some other persons Dey also develop some skills due to their frequency with gambling.
I no Dey try to relate gambling with trading but one thing I know be say, regardless of how much skill person get for trading, losses go still occur because all the charts traders Dey follow Dey o my help them to speculate which means say, then no fit Dey certain of wetin fit happen next because the market na very unpredictable one and hence I just wan talk say, trading and gambling get some major similarities na why people no Dey waste time exotically newbies to tag trading with gambling.

When it comes to risk, I don't see much different between trading and gambling. Both involve risk just as you have said. I'm into sport betting, and nowadays punters can use the cashout bottom to terminate games if the games is going against them. This help to stop the betting, giving you part of your money. To me, this is somehow similar to that of stop loss from trading. Another one is the one game cut bottom, This helps when a single game spoil your accumulated game. So both trading and gambling help in managing risk but just in different way.

The reason why people are seeing it as something similar is as a result that when you trade you must accept the fate that there are loses to incurred, same is applicable to gambling, when you gamble you must accept the fate that there is every possibilities that you would incur lose. As someone who indulges in both activities you must accept the risks that concern about this two events.

Trading and gambling has being a topic of discussion for a long time because of the similarities between them, trading to some people na gambling 2.0 (Dem go say na gambling wey go university). You no go blame them because them no get the knowledge to know the difference and some of them no sabi wetin trading be, na why them dey always talk this thing. Trading and gambling na two totally different things and although you done try for this points wey you give but I want to add that,

Gambling na just game of chance like say you need dey every lucky to win but trading is more about your skills. The skills wey you dey learn so for trading go help you win tomorrow but you no fit talk the same for gambling.

The very fact say, you categorize both of them to be game na em be watin go make am Dey hard for any sensitization of trading not being gambling. You’ll end up defeating the idea you wan project before you even project am.

Person fit catch cruise with gambling, regardless of the outcome of your bet but, it’s not the same with trading. When your trading, your in for real and all you want is profit even though you could encounter losses.

Trading Dey subject to analysis and history but, gambling pays no attention to that. Gambling is a game of right now, right that moment, what’s happening in this moment which makes it harder to predict.

There are a lot of things that make people think trading is the same as gambling, although some expectant. I think many people who think trading is the same as gambling know how trading works and the risk behind it if they already know, and that is why they view them as the same thing, although I believe that is because they don’t really have the deep knowledge of trading; that is why they are thinking like that. Someone who already has the knowledge and everything in trading will know that it is not the same as gambling. 

Seriously I feel like people who says this have no idea of what trading is... It's nothing like gambling mate don't compare both.. gambling requires no skill, if you understand the games just dive in and do your thing if you are lucky you win. Not everyone knows how to trade the financial market, but any one can gamble so long they have enough money. Been trading for long and from my years of experience, you cannot trade without having enough knowledge of the market. Those who copy signals and make money are not traders.. so trading is no way similar to gambling.

Maybe some aspect of the two fit dey synonymous, naim make i call am face resemblance but in totally trading no be the same thing as gambling

You don talk am finish, most people no just understand say one u fit learn am, start am over night while the other one person need time n patience to take sabin am and e dey give better peace of mind especially if you no be greedy person

Trading is synonymous to gambling because both leaves it victims with the same effect and feelings of waywardness and hopelessness and victims of both trading and gambling always have the same motive to make quick profit. So trading and gambling resemble in so many ways so if someone say trading is gambling de person no dey wrong at all because it all depends on the aspect wey de person dey take dey see am

Trading fit still be gambling and at the same time e fit no be gambling everything depend on who the handle the trade and the approach the person use the trade. Just like Op been state say trading need patience and timing. Now if a trader come jump into trade based on him instinct na gambling him go end up do. Or if the trader Do analysis finish come join the trade for wrong timing na the same gambling him dey do.

Trading na one profession wey require steady research and studying. Like no matter how person done good reach him go still need to go back go do research almost every time him wan trade. From time to time the person go still need to review their strategy, check if e still dey work on the market wey him wan predict, do some back test and price action. Trading no be for everybody finally na only for those wey get the time to do research.

Gambling and trading sure have similarities, but I feel the difference comes with the approach and responsibility. When you're gambling, it's unpredictable, and you're not sure of certain things. Some people gamble on weekends with the smallest amount, just to have fun. Others gamble for profit but with the luck mindset while watching their pocket. But when you're trading, you know you're not trading for fun. You put in a certain amount, even the least amount you use to trade, will be like 3x the amount you use in gambling.

The expectations differ when you're trading. You know it can be unpredictable, but you expect something better, and you handle your trading business with care, more than you do with gambling. With gambling, you could just play and go, but with trading, you will check it very well. You check the charts. So I feel the way you approach it definitely differs, even though both involve luck and putting in a certain amount to get something returned.

I think there are many similarities between trading and gambling, especially in the case of futures trading. Basically, when we deposit money in a casino to gamble, when we start playing, most of the time we have to lose there. Many times, even if we bet on sports, we have to lose, but there is no way to get the money back, as a result of which we lose all the money from our account. Similarly, in the case of futures trading, when you trade with your money, if the market does not go in the direction of the trade you took, but rather goes in the opposite direction, then you can get liquidated at any time and your money will be completely lost. So I think there are many similarities between trading and gambling, but in spot trading there is less chance of losing money, but you will still lose money.
However, if you can use your experience and you have good knowledge about trading and gambling, you will not lose money there, but you can make money, but you have to be extremely experienced.

You can't completely separate trading from gambling. Yes, there are some differences in trading, but they are very minor. Gambling is mostly about luck and experience plays a small role in winning. It's almost the same in trading, but experience plays a slightly larger role in trading than gambling. Be it trading or gambling, you have to rely on luck to win.

Yes, trading behaves differently in terms of control. While in gambling, losses are completely out of your control, trading is under your control. But at the end of the day, I consider trading to be a part of gambling, because in both cases you don't know what is going to happen. The outcome is completely uncertain, which helps luck.

The risks and what is happening in reality are what people use to compare trading and gambling and conclude that they are the same thing. The percentage of traders that are losing is almost the same with the percentage of gamblers that are losing. 85% of traders and gamblers are losing. But trading is trading while gambling is gambling and they are not the same thing. They have different approaches and not the same at all.

I hear you, with gambling no time frame to expect returns, na just hope and luck and naim make e hard to make money consistently with gambling unlike trading wr data dey, time dey and other things to give a trader peace of mind

Not really, they are not the same, the procedures of learning are not the same, the system of risk management is not the same too for example, with trading you can break even, minimise leverage/lot size, set stop loss, set trailing stop, take partial profit or loss, all these are just different ways to manage risk alone, if you go deeper with knowledge you can add time frame risk management but with gambling these are not available...

Gambling and investment even though them somehow they similar sometimes but na different things entirely. People whey dey do gambling most times no dey get hope of any return because them wan just do make wether ehh go work or not. Gambling no get any time frame to expect return, when you dey gamble no way at all for you to try manage the risk wey dey inside, once you don gamble no going back at all. For investment you fit gather information about the area very well so that you go know how the end fit be. Investment you fit control the timing and even how the the return of investment go fit be. Plenty reasons why gambling and investment no be the same and plenty reasons why make you do investment and no be to do gambling.

These two things are similar to me, all the reasons you listed out goes for both gambling and trading, the timing it takes for gambling can also take for trading except in some few gambling categories, when you are considering gambling on quick money bets like the casinos, aviator, virtual sport and the rest, these ones are mainly used to drain out your funds within seconds, the same thing goes with trading also when considering future trading, you loss instantly also unlike spot trading.

You as a player or a trader has to choose if you are ready to loss instantly or gamble in live sports betting to minimize the risk of losing your money at a time, I can't actually say these two are different, they are similar.

Normally trading and gambling na just five and six Dem be, Dem dey dengerous well well no be weting person wey know get control supposed put head at all. But just like you don say gambling better pass am small I go gree because sometimes your luck fit shine for gambling sometimes you win, but for trading I know really dey saw about am, because once you enter ram na just to dey lose go be that Alex say person fit sense if not e dey hard well well oo.

Trading have a lot of similarity with gambling with the difference almost insignificant. Your distinction id primarily base on the fact that you see trading as skill whereas gambling as entirely a thing of luck and I want to fault such line of thought because gambling too require skills and those who have the right skills are able to win gambling much more than those who approach it like it were just a thing of luck. On the basis of skill and emotions, trading and gambling are completely similar just that the risk make them a little different as the risk of trading is more controllable than that of gambling.

 I dey tell you bro I no know how person wan take sensitise people say these things na two different game altogether

True true trading and gambling no be the same thing, na two different things wey fit wound you wetin no good, but one major thing wey I pick out from your write up is that luck fit shine on you in gambling, but in trading, if you no know anything about am, you don enter one chance because luck no dy work for trading, you earn base on wetin you know, and how  good you can control your emotions, but as for me, I see two of them as a dangerous game, especially trading because him dy even more brutal than gambling.
The emotional trauma wey come with trading is second to none, that time wey you no dy trade, you go feel like say na that Times you for make enough money, but once you enter wrongly, ur eye go clear, because the market go humble you sharp sharp.

Even though trading and gambling resemble for face that resemblance no pass for face there, u go make very serious mistake to think say trading and gambling na the same thing, and if you enter trading with that gambling mindset wahala go dey. so weting be the difference between the two

 1. RISK:   the biggest thing wey separate gambling and trading na risk, for the two risk dey sha but with trading you fit control your risk, too many parameters and avenue dey to control your risk, for gambling the chances to control risk dey very slim.

 2. RESULT: Another thing wey separate these two na how to achieve the desired result wey be PROFIT, with gambling your chances dey based on luck and odds, and these two dey too random for somebody to base success on them naim make most gamblers na once once them dey cash out something sef before you see that one cash out you don play tire, loose money tire...with trading, results dey random too but e no dey based on luck and odds  the results dey based on information, historical data wey you fit go back to anytime anyday to help you see wetin market don do before so that u go fit Bank on am then trade, for example make we say market dey trend, e go must hit one or two important areas or prices before e reverse  so you fit bank on some of these kinds of information and data to trade, so your success now no dey based on luck and odds again but market behavioural consistency(price action, market structure and order flow).

3. DATA: with gambling your data sources dey limited if at all anyone dey, naim make gamblers results dey based on luck but with things like trading crypto and other asset classes, you get numerous sources of data, for example, you get fundamental data, sentimental data, technical data and even relational data, by the time you don put your head down learn these informations and know wr to find them, your trading go make sense even dey easier with time as you gather experience and growth

TIMING: while gambling na something wey be start now end now, trading na game of patience, you must learn patience to dey able to trade otherwise you go dey loose money like say u dey gamble

Unfortunately plenty people no know these things so them dey use the mindset of gambling to enter trading naim make person go carry money wey be urgent 2k for another thing use am to trade to make quick profit then send back the main money, without experience or anything, just because them see another person dey make money from trading them feel say na based on 2 odds or over 2.5,..those kind things no dey ever work because even  if luck dey important e dey less needed for trading and the market no dey pity person

I no fit talk all the differences here but these ones na the key ones I know say others get too to add, but las las abeg trading and gambling no be the same thing,