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Economy => Trading Discussion => Topic started by: Lida93 on July 14, 2022, 12:04:17 PM



Title: Can trading be likened to gambling and how so?
Post by: Lida93 on July 14, 2022, 12:04:17 PM
Not  really sure where to drop this thread since it's a compendium of gambling and trading as it seeks to make clearer a blur end.
Which is.
Like the game of chance gambling. Can trading in anyway be likened to gambling and how so?

But before you delve in for contributions, let me throw some light below for a better understanding of the idea behind the thread.

Example:
For when we want to gamble, let say in sport football specifically, we look at certain criteria that aid us to a good bet, such as:
1> Head to Head
2> current form of the club and position on the table.
3> The strength of the opponent, etc.

Likewise in trading before we trade we look as certain measures such as:
1> Market trend and direction
2> The price level, market news and some other criteria too.

Now we all know that before going into trading or gambling its advisable to be emotionally stable and to involve a certain sum you're willing to risk etc, all these are similarities shared both in gambling and trading too.

With  these few above I think a clear discussion can well surface to clear the air about a likelihood or not.


Title: Re: Can trading be likened to gambling and how so?
Post by: blockman on July 14, 2022, 12:09:08 PM
Those examples are really understandable analogies to why many understand and think that gambling is close to trading but they're entirely different. Both gambler and trader do take risks for each trade and bet that they take. The key takeaway from this article from Investopedia is a really good comparison of gambling and trading.
(https://www.investopedia.com/articles/basics/10/investing-or-gambling.asp)


Title: Re: Can trading be likened to gambling and how so?
Post by: NeuroticFish on July 14, 2022, 12:14:58 PM

Sports betting is not seen by everybody like gambling. Sports betting means an educated guess. Gambling is driven by chance.

And something like this happens with trading too. For some, trading is an educated guess based on TA, news and other stuff. For others it's only based on "gut feeling" (i.e. chance).


So it depends on what you mean by gambling and it depends on which traders you are asking about; I expect those that treat trading like gambling not survive for many years in the business.


Title: Re: Can trading be likened to gambling and how so?
Post by: Oshosondy on July 14, 2022, 12:15:40 PM
In gambling, no matter how good you are, underdog can win a strong team, which means there are chances that the bet may go wrong way and result to lose.

Gambling is all or none, if you lose, you lose all. Please never quote to post about cashout, I have used it several times without any useful help. In trading, the market may first not favour but later favour, you may be losing before and later profit may come.

Nobody can be professional in gambling, we should not deceive ourselves. There are professionals in trading, if indicators and market are well studied and also using low leverage, trading is better.

I opned a 1x short position day before yesterday when bitcoin price was $21000, bitcoin got to $22000 and I increased the leverage to 2x, the mark price increase from $21000 to around $21500. I was losing before but the market corrected to the position I opened and I gained. I couldn't see that in gambling.

Both are very risky, but for professionals that are both gamblers and traders, they will choose trading.


Title: Re: Can trading be likened to gambling and how so?
Post by: mk4 on July 14, 2022, 12:25:52 PM
Trading (can be the same with investing) being gambling or not will completely depend on the person if he/she is actually making informed decisions or are just going at it haphazardly. Trading is obviously far closer to gambling though, due to short-term movements being A LOT more unpredictable.


Title: Re: Can trading be likened to gambling and how so?
Post by: Nrcewker on July 14, 2022, 12:54:21 PM
Gambling is something when you put your money to get extra money in return.
Trading can be termed as similar but yes with little changes.
In trading the risk involved is minimal, and in gambling the risk is very high comparing to gambling.
In these ways it can be linked, but yes both are different, and people look into both with different perspective.


Title: Re: Can trading be likened to gambling and how so?
Post by: Silberman on July 14, 2022, 01:05:02 PM

Sports betting is not seen by everybody like gambling. Sports betting means an educated guess. Gambling is driven by chance.

And something like this happens with trading too. For some, trading is an educated guess based on TA, news and other stuff. For others it's only based on "gut feeling" (i.e. chance).


So it depends on what you mean by gambling and it depends on which traders you are asking about; I expect those that treat trading like gambling not survive for many years in the business.
I think the same, I can understand why the OP may ask such questions as he is comparing trading with the gambling game that is the most similar to trading and which uses a great deal of the same concepts, however if we compared trading with dice then we could very clearly see the differences between the two, when it comes to trading we use a set of data to make the best educated guess that we can about the direction the market will take, while something like this is impossible in the game of dice or any gambling game in which randomness reigns supreme.


Title: Re: Can trading be likened to gambling and how so?
Post by: Adbitco on July 14, 2022, 01:13:58 PM
Both are not the same sometimes gambling make it worse if you bet or gamble you stand a chance to either win or lose and that is final your funds can not be recovered on like the trading, in sport trading, you can trade and make some profits or currencies in which you are trading with might lost value (depreciate) and you still have some left behind and can be liken to increase at any given time. You can trade and make instant profit but Gambling is more or less of a "Probability game" which is termed to be 1 or 0, 0 or 1. Either you lose or you win, so they quite different btw.


Title: Re: Can trading be likened to gambling and how so?
Post by: Lida93 on July 14, 2022, 01:24:18 PM

Sports betting is not seen by everybody like gambling. Sports betting means an educated guess. Gambling is driven by chance.
Are you trying to imply that  sport betting and the chances to win is borne out of a persons level of education? And also if sport betting is not regarded as gambling by some persons as you said, then why the inclusion in gambling sites.
Can you enlighten me about this.


Title: Re: Can trading be likened to gambling and how so?
Post by: Oshosondy on July 14, 2022, 01:30:47 PM
Sports betting is not seen by everybody like gambling. Sports betting means an educated guess. Gambling is driven by chance.
To bet means to gamble. I am just hearing about this, what I know sport punters do say and that I do say is that it require analyses which makes it different from other type of gambling, but sport betting is beyond educated guesses, it is also driven by chances. People that gamble often can expatriate more on this. The sport gambling sites make odds in a way it will be hard for anyone that bet often to have a positive net profit, that is why the industry is growing, they are making the money from punters.

Both are not the same sometimes gambling make it worse if you bet or gamble you stand a chance to either win or lose and that is final your funds can not be recovered on like the trading, in sport trading, you can trade and make some profits or currencies in which you are trading with might lost value (depreciate) and you still have some left behind and can be liken to increase at any given time. You can trade and make instant profit but Gambling is more or less of a "Probability game" which is termed to be 1 or 0, 0 or 1. Either you lose or you win, so they quite different btw.
You are very correct, gambling make it worse, but that is for professionals, for newbies, both gambling and trading are like the same if talking about losses, only experienced traders knows the right thing to do to make profitable trades.

Are you trying to imply that  sport betting and the chances to win is borne out of a persons level of education? And also if sport betting is not regarded as gambling by some persons as you said, then why the inclusion in gambling sites.
Can you enlighten me about this.
In theory, it can be like that, but in real life, it is not. The most dominant type of gambling in my country is football, after checking prediction sites and after making your own analyses, if you gamble more, you will notice losses. There is no perfect thing than to take gambling as fun and never use the amount of money you can not afford to lose to gamble. But the fact remain that professional traders still use more money to trade, especially if they earn profit often, but they will always also still advice people to use the amount of money they can afford to lose to trade because they know it is also risky, especially for beginners, beginner traders always lose and they do not know how to manage risks.


Title: Re: Can trading be likened to gambling and how so?
Post by: xSkylarx on July 14, 2022, 01:50:40 PM
-snip

Your topic surrounds only to sports betting where a game's outcome doesn't rely purely on luck compared to other gambling games such as slots, cards, etc. that you can find on a casino or website. On those type of gambling, whatever strategy or analyzation you do, you need luck to win. Trading and sports betting are similar in a way that there are factors or medium that helps you to avoid the risk of losing your money.


Title: Re: Can trading be likened to gambling and how so?
Post by: NeuroticFish on July 14, 2022, 01:50:58 PM
Are you trying to imply that  sport betting and the chances to win is borne out of a persons level of education? And also if sport betting is not regarded as gambling by some persons as you said, then why the inclusion in gambling sites.
Can you enlighten me about this.

Let's say there's a football match between Liverpool FC and Huddersfield Town (taken from this list (https://footballdatabase.com/ranking/england/1))
If you would do betting (like in high/low, or maybe roulette) you would maybe bet on Huddersfield Town. But since you do an educated guess and know a bit about football, you'll bet on Liverpool and will probably win. (PS. Educated guess is related to how much you know about that topic, not about general education.)
Of course, there's a risk factor there too, but not that big.
This is what I was saying.

Why included in gambling sites? Because they love to diversify. On the other hand... did you see sports betting in a Vegas casino?


Title: Re: Can trading be likened to gambling and how so?
Post by: Flexystar on July 14, 2022, 02:10:36 PM
Though words can be used synonymously all the time I feel like gambling and betting sections shall be kept different. I know the fact that sportsbook is also now available on all the gambling sites but its entirely different way to make up the money. You bet on the strong team, you have only one outcome such as either team A will win or team B will win.

On the larger picture, trading is whole new way of investing your money. You don’t gamble there, you trade it based on the database. For example, companies performance, its assets, its roadmap and there is so much more to consider in that. For me both are different.


Title: Re: Can trading be likened to gambling and how so?
Post by: palle11 on July 14, 2022, 02:39:35 PM
Trading still stands as more critical and more research driven than gambling. The only gambling game that can be said to have research is soccer and real physical games like basket and field games. Games in casino and fictional games are not based on research.

Trading also has professionals that can predict with chart and indicators and whether it takes longer time or not it obeys into the technical analysis. Trading is not a game and not based on chance. If you are trading and losing and with what you see in your chart as you monitor the price action, spikes and candles, the price can revert your losing trade into profit.


Title: Re: Can trading be likened to gambling and how so?
Post by: ChrisPop on July 14, 2022, 02:56:28 PM
Trading can be compared to gambling in the sense that in both of them you basically make 'bets' on the outcome of a certain event at a certain time.
But there is a big difference between the two --> in gambling you are doomed to lose while you can make a good living out of trading, but it takes tremendous amount of work and dedication.

Another important distinction is that in gambling you always know how much you're losing on a single game (you can't lose more than what you bet), while in trading you can get your whole account erased if you don't apply sounds risk management principles.


Title: Re: Can trading be likened to gambling and how so?
Post by: rhomelmabini on July 14, 2022, 03:08:17 PM
If it's the definition alone they're certainly far to be likened as one. Gambling more likely dependent on the chance but not all gambling related games aren't the same case, so do it is in trading. Trading feels like as gamble but it's only for those trader that wouldn't take much more seriousness on their trades, same as to those who just want to throw their money for gambling.


Title: Re: Can trading be likened to gambling and how so?
Post by: ethereumhunter on July 14, 2022, 03:50:19 PM
Trading can be likened to trading when you don't analyze the coins you want to buy or sell because you will decide randomly and don't know what's going on in the market. You only follow what other people suggest from forums, chat groups, social media or others so you don't have an analysis of why you decided that way.

If we do not try to analyze the indicators available in the market and guess where the market direction will turn for a while later, it can make us wrong and get lost. So before you decide like that, you need to analyze it first so you don't make the wrong decision.


Title: Re: Can trading be likened to gambling and how so?
Post by: Pandu Geddon on July 14, 2022, 04:24:18 PM
Trading (can be the same with investing) being gambling or not will completely depend on the person if he/she is actually making informed decisions or are just going at it haphazardly. Trading is obviously far closer to gambling though, due to short-term movements being A LOT more unpredictable.
I guess it only applies to futures trading. while those who trade spots I think far from a gamble.
the results of gambling bets we never know the results. the term 50 wins: 50 loses. or maybe a draw. whereas in trading, even though we are at a loss, we consciously can not sell it at a loss. so we won't lose anything. because the assets we have still have the same amount. although its value is reduced.


Title: Re: Can trading be likened to gambling and how so?
Post by: mk4 on July 14, 2022, 04:41:25 PM
I guess it only applies to futures trading. while those who trade spots I think far from a gamble.
It's irregardless of the type of trading. People can trade futures in a "smart" manner.


the results of gambling bets we never know the results. the term 50 wins: 50 loses. or maybe a draw. whereas in trading, even though we are at a loss, we consciously can not sell it at a loss. so we won't lose anything. because the assets we have still have the same amount. although its value is reduced.
Taking a loss with a trade to prevent further potential losses can be a smart thing to do and is a thing that's commonly used. It's called using a stop-loss, which is a great exchange feature.


Title: Re: Can trading be likened to gambling and how so?
Post by: 0verseer on July 14, 2022, 04:48:10 PM
Trading (can be the same with investing) being gambling or not will completely depend on the person if he/she is actually making informed decisions or are just going at it haphazardly. Trading is obviously far closer to gambling though, due to short-term movements being A LOT more unpredictable.
I guess it only applies to futures trading. while those who trade spots I think far from a gamble.
the results of gambling bets we never know the results. the term 50 wins: 50 loses. or maybe a draw. whereas in trading, even though we are at a loss, we consciously can not sell it at a loss. so we won't lose anything. because the assets we have still have the same amount. although its value is reduced.
If you are doing spot but know nothing about that, like buy something when it was at ATH or in pumps, you're pretty much taking a gamble tho. Looks at the LUNA case where it drops more than -99% of its value. Even if you buy it when it was around $1, the coin still drops down as low as $0.00001. For gambling bets, there were certain games where you can get your money back without losing or winning too. So it isn't like 50 wins: 50 loses odd, either lose your money or win big. If you're irresponsible with your money and invest randomly without any reason then you're gambling with your money.


Title: Re: Can trading be likened to gambling and how so?
Post by: Cling18 on July 14, 2022, 05:20:03 PM
Gambling is mostly based on luck and there's no assurance that you can make a profit after releasing or depositing your funds. It has a huge risk of forfeiting and losing. Just like gambling, trading has also its risks but as long as we're knowledgeable of what we're doing, we can deal with the risks of the market's volatility.
Trading could be learned as well as the technical analysis and strategies that we could apply. It's mostly a skilled base investment and as long as we know how to deal with the market and how to choose potential coins, we can make a profit from it no matter what the market situation is.


Title: Re: Can trading be likened to gambling and how so?
Post by: gabbie2010 on July 14, 2022, 06:11:41 PM
Not  really sure where to drop this thread since it's a compendium of gambling and trading as it seeks to make clearer a blur end.
Which is.
Like the game of chance gambling. Can trading in anyway be likened to gambling and how so?

But before you delve in for contributions, let me throw some light below for a better understanding of the idea behind the thread.

Example:
For when we want to gamble, let say in sport football specifically, we look at certain criteria that aid us to a good bet, such as:
1> Head to Head
2> current form of the club and position on the table.
3> The strength of the opponent, etc.

Likewise in trading before we trade we look as certain measures such as:
1> Market trend and direction
2> The price level, market news and some other criteria too.

Now we all know that before going into trading or gambling its advisable to be emotionally stable and to involve a certain sum you're willing to risk etc, all these are similarities shared both in gambling and trading too.

With  these few above I think a clear discussion can well surface to clear the air about a likelihood or not.

Though there are similarities between gambling and trading based on their analytical point of view, however the former is more riskier than the latter, their obvious and sure ways of earning profit consistently in trading for instance in a crypto bullish or bearish market that is well trending experience traders do earn profits based on their vast knowledge of fundamental and technical analysis, however in gambling a lot of upsets can be created, a situation where the undergo defeat a big team thus losing a supposed winning bet is very common especially in soccer bets.


Title: Re: Can trading be likened to gambling and how so?
Post by: Sanitough on July 14, 2022, 07:11:29 PM

Sports betting is not seen by everybody like gambling. Sports betting means an educated guess. Gambling is driven by chance.

And something like this happens with trading too. For some, trading is an educated guess based on TA, news and other stuff. For others it's only based on "gut feeling" (i.e. chance).


So it depends on what you mean by gambling and it depends on which traders you are asking about; I expect those that treat trading like gambling not survive for many years in the business.
Trading and gambling may somewhat be alike because both share risks. However, with trading, your profits rely solely on how you trade using your strategies and skills, if you are a pro trader, the outcome will have more chances to be on your favor. While in gambling, whether in sports betting, slots or lottery, there will always be chance based or luck. And the fact that you're gambling, its mostly the house that takes an edge and wins over the players. Trading may most likely to fall in gambling when you trade without bases and predictions, because in gambling you can't predict anything, everything are just driven by chances or luck. And this is one thing that pro traders should have to avoid to prevent unexpected losses.


Title: Re: Can trading be likened to gambling and how so?
Post by: minairia3 on July 14, 2022, 08:28:21 PM
Taking risks and looking for profit are two characteristics that are common to both trading and gambling.

The two are obviously different: with trading, you need knowledge and skills to make a profit, while with gambling, you simply try your luck. The profits and risks that come from gambling will be random and you cannot calculate or analyze. But if you trade without knowledge then you are probably gambling.


Title: Re: Can trading be likened to gambling and how so?
Post by: Hamphser on July 14, 2022, 08:36:52 PM
Taking risks and looking for profit are two characteristics that are common to both trading and gambling.

The two are obviously different: with trading, you need knowledge and skills to make a profit, while with gambling, you simply try your luck. The profits and risks that come from gambling will be random and you cannot calculate or analyze. But if you trade without knowledge then you are probably gambling.
But we know that there are type of gambling games which do also required skills and knowledge like on sports betting and card games but can we consider it out to be on the same risk when we do trades?

No it cant but its on the same set-up or arrangement on how things should really be done or engaged on. Trading could really be ending up like on doing gambling if you havent do anything
or simply guessing out on where prices would go and doesnt really made out some analysis or basis on regarding with your actions.

So if you do tend nor plan to make yourself sustainable on long term then you shouldnt really be that acting like you are gambling whenever you do
make out some trades.


Title: Re: Can trading be likened to gambling and how so?
Post by: Jody.Drummer on July 14, 2022, 09:37:36 PM
Example:
For when we want to gamble, let say in sport football specifically, we look at certain criteria that aid us to a good bet, such as:
1> Head to Head
2> current form of the club and position on the table.
3> The strength of the opponent, etc.

Likewise in trading before we trade we look as certain measures such as:
1> Market trend and direction
2> The price level, market news and some other criteria too.

In my opinion, the example above is still relevant and can be separated into each of its more distinctive characteristics. Rather than out there, there are still many beginners who do not know the trend and direction of the market, filtering news about the market that is not searched for deeper truth still says that their actions are trading. Even in gambling, just bet where he wants, on any club according to his instincts without considering other factors.
So for me, the conclusion is that those who include a combination of trading and gambling are those who rely on instinct when dropping money. That is what confuses the definition of gambling and trading into such an indistinguishable parts.


Title: Re: Can trading be likened to gambling and how so?
Post by: Finestream on July 14, 2022, 09:38:23 PM
Trading can be compared to gambling in the sense that in both of them you basically make 'bets' on the outcome of a certain event at a certain time.
But there is a big difference between the two --> in gambling you are doomed to lose while you can make a good living out of trading, but it takes tremendous amount of work and dedication.

Another important distinction is that in gambling you always know how much you're losing on a single game (you can't lose more than what you bet), while in trading you can get your whole account erased if you don't apply sounds risk management principles.
Trading give us a lot of ways to win and make profits especially with proven skills and strategies, but with gambling whether you are a certified professional gambler or not, losses are still inevitable. That is why if you come to gambling, do not expect too much profits as everyone is doomed to lose and experience defeat. While others are benefiting in gambling maybe because they feel always lucky, but in trading you will only benefit from it using your own knowledge and experience as it gives you more advantage if you have good market analysis and good strategies to overcome the market uncertainties.


Title: Re: Can trading be likened to gambling and how so?
Post by: goaldigger on July 14, 2022, 09:41:05 PM
Taking risks and looking for profit are two characteristics that are common to both trading and gambling.

The two are obviously different: with trading, you need knowledge and skills to make a profit, while with gambling, you simply try your luck. The profits and risks that come from gambling will be random and you cannot calculate or analyze. But if you trade without knowledge then you are probably gambling.
This is a good one to summarize everything, if you do trading you should be more knowledgeable on how it works and that is more about responsible trading but if you do it carelessly and without any analysis, that’s the time you can call it gambling because you depend on luck. Gambling is not bad at all, its risky but if you know how to control yourself then you can be fine. Don’t confuse yourself about trading and gambling, just know where to focus.


Title: Re: Can trading be likened to gambling and how so?
Post by: Fatunad on July 14, 2022, 09:53:24 PM
Taking risks and looking for profit are two characteristics that are common to both trading and gambling.

The two are obviously different: with trading, you need knowledge and skills to make a profit, while with gambling, you simply try your luck. The profits and risks that come from gambling will be random and you cannot calculate or analyze. But if you trade without knowledge then you are probably gambling.
This is a good one to summarize everything, if you do trading you should be more knowledgeable on how it works and that is more about responsible trading but if you do it carelessly and without any analysis, that’s the time you can call it gambling because you depend on luck. Gambling is not bad at all, its risky but if you know how to control yourself then you can be fine. Don’t confuse yourself about trading and gambling, just know where to focus.
We should put up in our mind that there difference between;

Investment
Leisure/Enjoyment time

Both does have risk but the level of risk would be entirely depending on how you've been dealing with it.
We know that gambling is mostly relying on luck which is not that the case on  trading which does need extreme effort and analysis for you to end up profitable.
You could able directly to determine between the two if you do able to experience it for yourself.


Title: Re: Can trading be likened to gambling and how so?
Post by: Rufsilf on July 14, 2022, 11:27:52 PM
You can compare it to gambling and always it happens if you don't have the knowledge about trading. I'd see this as very unusual to think like that as in trading no need to be lucky but rather must have to be strategically wise in doing this.
Though we only have two possible results upon trading (loss and profit), we can also make it more on the gaining side if we are good at this  - strategies and decision-making are changing factors that could affect the results and these are the thing we need to acquire.


Title: Re: Can trading be likened to gambling and how so?
Post by: CryptopreneurBrainboss on July 14, 2022, 11:32:47 PM
Nobody can be professional in gambling, we should not deceive ourselves. There are professionals in trading, if indicators and market are well studied and also using low leverage, trading is better.

Before you say nobody can be a professional at gambling, you first have to under what professionalism is all about and to correct you, we have professional gamblers. Just as many mistake gambling for trading, that's how many mistake sport betting for actual gambling. To understand what gambling is all about, visit your local casino or Vegas as suggested by NeuroticFish. The only football activity that I would consider actual gambling is playing virtual football betting. With this, you don't have to relay on your knowledge of the game but just put in some guess outcome in anticipation of a win. Understand that sport betting is a casual form of gamble. When you want to taste the real deal, you try luck games.

Majority of the modern day traders actually gamble thinking they're trading just as the modern day investors think speculating on multiple coins without any fundamental background check to determine if they're worth investing in is investing. The industry has made it seems like fundamental research don't matter anymore as any crab with the right marketing can pump their way to the tops in the market ranks but don't forget, they'll always crumble down just as Terra Luna, Bitconnect, BCH etc.


Title: Re: Can trading be likened to gambling and how so?
Post by: TelolettOm on July 14, 2022, 11:53:39 PM
Trading is not something that is technical likes gambling which is head-to-head directly. This is more about the indicators and charts of the price, head to head maybe from order book and buy?
But, trading can be said as gambling because when doing trading, someone is doing that without any analysis, they are trading only based on luck when buying the coins at a certain time and then selling them at a certain price. So, they have no exact analysis of when to buy and sell, only based on hype and luck only


Title: Re: Can trading be likened to gambling and how so?
Post by: Oshosondy on July 15, 2022, 12:19:44 AM
Just as many mistake gambling for trading, that's how many mistake sport betting for actual gambling.
If I can remember very well the type of gambling I was addicted to, it was football betting, I only tried tennis few times but bet more on football day to day, taking leagues in Europe, Americas (especially the south America like Brazil), Asia, Australia and even Africa like top league in Morocco, Tunisia and Egypt. I have bet on in-play matches several times. All I have noticed was that football betting is gambling, there are just different types of gambling.

I was still able to know that if betting horse or dog racing, roulette and other non sport related gambling, I have high risk of losing, but I thought I could analyze if betting on football, I only realized I was deceiving myself when I have lost a lot, losing, trying to make corrections, but yet my money was only going to the gambling sites and I was losing than gaining.

If I analyze, it will be almost similar to what are on prediction sites, I analyzed based on the head-to-head, all matches they have been playing from the beginning, the last five matches played by the two clubs and the likes. But yet I lost a lot of money. On in-play, I used something like goals on target and possession but yet I lost a lot of money.

Football gambling sites are making more money even just with football, that is why you will even see many small leagues on their betting sites and the companies continue to grow.

If I was mindful of all other gambling that they are risky, thinking I can use analyses made me fall into being a football gambling addict for 5 years and some months.

I read a news about a guy that his father sold his only one plot of land just for his son to travel abroad, he travelled, earned around $12500 and returned to the country and started selling cloth, his friend introduced him to gambling and he lost all, maybe he lost to virtual bets but it was on football gambling site. He was arrested because he later become an arm robber.

All are gambling and they are risky. See little odds for big clubs and small odds because bookmakers only try to make all the profit. I am very certain about this that gambling, including football betting or other sport are all still game of luck.

Although, we can all have different opinion about this. This can be a good topic on its own, but definitely, people will choose it to also be gambling, but just telling the difference it has from virtual and other type of betting.


Title: Re: Can trading be likened to gambling and how so?
Post by: gunhell16 on July 15, 2022, 01:47:36 AM
Not  really sure where to drop this thread since it's a compendium of gambling and trading as it seeks to make clearer a blur end.
Which is.
Like the game of chance gambling. Can trading in anyway be likened to gambling and how so?

But before you delve in for contributions, let me throw some light below for a better understanding of the idea behind the thread.

Example:
For when we want to gamble, let say in sport football specifically, we look at certain criteria that aid us to a good bet, such as:
1> Head to Head
2> current form of the club and position on the table.
3> The strength of the opponent, etc.

Likewise in trading before we trade we look as certain measures such as:
1> Market trend and direction
2> The price level, market news and some other criteria too.

Now we all know that before going into trading or gambling its advisable to be emotionally stable and to involve a certain sum you're willing to risk etc, all these are similarities shared both in gambling and trading too.

With  these few above I think a clear discussion can well surface to clear the air about a likelihood or not.


You know that in gambling, we really need our emotions, we should not be sensitive to whatever happens while we are playing in a casino, now in cryptocurrency trading, our emotions or feelings cannot be excluded because without them, neither can we. our trading can be done well.

Therefore, the only similarity of Trading to Gambling is the use of our emotions or
feelings but they are very different from each other and not really the same.


Title: Re: Can trading be likened to gambling and how so?
Post by: Franctoshi on July 15, 2022, 05:35:26 AM
Yes ,Trading all most fall in same category with gambling and a trader is regarded as a gambler, in the sense that it involves two parties money the seller and the buyer come together to predict the future price of an asset and gambling also involves same kind of process of prediction, but their is a bit difference between the two,
In trading there is an opportunity for free entry and free exit in the market for adjustment etc ( i.e more of control) , whereas for gambling it's not so, once you've had your bet staked,  likely you do not make changes of your stake after some minutes and have control over it.


Title: Re: Can trading be likened to gambling and how so?
Post by: CryptoHeadlineNews on July 15, 2022, 05:42:04 AM
Trading and gambling are two different concepts which I see not to be the same, but thou they both involves risk taking, critical thinking, and experience but I still not  see them to be the same. Trading involves giving an item in exchange for the other, which could be money or an asset while gambling involves prediction of a possible outcome of an event, which if it's true you wins but if false, you lose


Title: Re: Can trading be likened to gambling and how so?
Post by: TheUltraElite on July 15, 2022, 06:26:33 AM
Gambling can be broadly divided into EV+ and EV- where the first group needs skills on part of the player therefore skills+luck based and the second is fully luck based.

The easier to play one is the second one and also the more losses there will be. EV+ games needs skills and newbie gamblers who just came in for the rush dont go for them.

Good examples of EV- games are dice, slots, Margin and Futures etc. while Sportbetting, Spot trading come under EV+

To be a good spot trader, you need to observe charts, do a lot of dummy trading and then place orders. Similar in sport betting, where you need to research on the team and their fitness, outcomes from previous games etc.

Any activity can be classified as having positive expected value or negative expected value. So it boils down to what risk you are willing to take. You take the long, toiling route you will likely make some profit while the easy and fun route is full of losses.


Title: Re: Can trading be likened to gambling and how so?
Post by: yhiaali3 on July 15, 2022, 08:09:48 AM
Gambling can be likened to trading in one way, and it cannot be likened from another, gambling depends entirely on luck, while trading depends on luck sometimes only. The direction of prices, but sometimes a sudden event happens that changes all these factors in a completely different direction, in this case it can be similar to gambling.
Some people trade in a way that is just like gambling, they buy a coin randomly without any study or analysis and wait for a stroke of luck maybe the coin will rise, this is very similar to gambling.


Title: Re: Can trading be likened to gambling and how so?
Post by: hZti on July 15, 2022, 08:47:10 AM
I don't think trading is the same as gambling, since for gambling you always have only two outcomes. A: You loose 100% B: You win a specific amount. With trading you can "loose" and it could be 1% or 7% or 100% and you can win 1%, 5% or 50000%. So with trading you can still after placing the trade decide how to handle your profits and losses. With gambling after you set your bet there is only luck that decides what your return will be.


Title: Re: Can trading be likened to gambling and how so?
Post by: Kelvinid on July 15, 2022, 01:04:22 PM

Some people trade in a way that is just like gambling, they buy a coin randomly without any study or analysis and wait for a stroke of luck maybe the coin will rise, this is very similar to gambling.
That was a losing style of trading as we can't just rely upon luck as trading doesn't design like that, it was indeed a need of knowledge and skills while gambling only needs money and the basics.

As for me, trading and gambling are far different and we no longer compared them or even argue about them. Note that in gambling we only have a very slim win but in trading, we can possibly get more and our chance is high especially if you have a deep knowledge about this.


Title: Re: Can trading be likened to gambling and how so?
Post by: yhiaali3 on July 15, 2022, 05:15:31 PM

As for me, trading and gambling are far different and we no longer compared them or even argue about them. Note that in gambling we only have a very slim win but in trading, we can possibly get more and our chance is high especially if you have a deep knowledge about this.

Your words are completely correct, of course, trading and gambling are completely different, I meant my words only some people, these are gambles trading in a gambling way buying a coin without any study or analysis and waiting for their luck just like gambling either profit or either a loss, this method of trading is definitely wrong but the gamblers do not care very much because they are used to losing money.


Title: Re: Can trading be likened to gambling and how so?
Post by: |MINER| on July 15, 2022, 06:05:43 PM
~sniff~


Yes trading can be compared to gambling when you are trading futures. Because there the trader has to do hedging and speculation and I think it almost falls into the queue of gambling. Also, I can't compare normal trading with gambling because it won't loss the whole investment  in once, maybe the price will decrease compared to stable coins for bearish markets. On the others hand  when you will going for gambling then you have to chances to loss the whole investment in once. So normal trading will never be called gambling


Title: Re: Can trading be likened to gambling and how so?
Post by: sensimilia on July 15, 2022, 07:30:16 PM
I don't know how people compare trading as gambling . I don't think it could be because where you are going to gamble there have two chance one is win on the other hand loose the ath at once. And in trading there you are not gonna loose the whole thing at once like gamble here your investment value will be low when market is dumping and it can be recover waiting after a certain time when market again pump. So I think those two things couldn't the same


Title: Re: Can trading be likened to gambling and how so?
Post by: justdimin on July 15, 2022, 08:31:53 PM
Trading and gambling may somewhat be alike because both share risks. However, with trading, your profits rely solely on how you trade using your strategies and skills, if you are a pro trader, the outcome will have more chances to be on your favor. While in gambling, whether in sports betting, slots or lottery, there will always be chance based or luck. And the fact that you're gambling, its mostly the house that takes an edge and wins over the players. Trading may most likely to fall in gambling when you trade without bases and predictions, because in gambling you can't predict anything, everything are just driven by chances or luck. And this is one thing that pro traders should have to avoid to prevent unexpected losses.
Gambling is against a casino, it’s designed to make you lose money, trading is not designed to make you lose money, it's designed to make you learn how to trade so you could profit from it. This is why I highly suggest people to be careful about trading, but they shouldn't be scared that they would constantly lose.

Additionally, when you are gambling regular house games like dice or slots, you will guaranteed to lose after even years of gambling. Whereas when you are trading if you do that for many years then you will get better and you will be profiting a lot more. This is why I have to say that trading is nothing like gambling and those two are very very different.


Title: Re: Can trading be likened to gambling and how so?
Post by: Viscore on July 15, 2022, 08:39:35 PM
Trading (can be the same with investing) being gambling or not will completely depend on the person if he/she is actually making informed decisions or are just going at it haphazardly. Trading is obviously far closer to gambling though, due to short-term movements being A LOT more unpredictable.
Trading may end up like gambling if the trader alone also thinks that way, and that he can’t be sure of what he’s really into so he considers trading like gambling. Although it’s way too different for us who are into gambling and trading at the same time, but for some who are still newbies both in trading and gambling, it’s not surprising that their views on them will be somehow confusing. But one thing is certain, trading guarantees more profits if you also trade with knowledge and positive experiences. And you make use of your proven strategies to gain and win.


Title: Re: Can trading be likened to gambling and how so?
Post by: lalabotax on July 15, 2022, 09:31:44 PM
~sniff~
Yes trading can be compared to gambling when you are trading futures. Because there the trader has to do hedging and speculation and I think it almost falls into the queue of gambling.
I also think so. Trading future is high risk and although we have been analyzing the market based on charts and indicators TA and FA, the results may also be still unpredictable. Sometimes, the prediction and speculation meet our expectations and relaity. But sometimes, they are going differently and make us lose much.
In this case, if also a trading done without any good knowledge and analysis, it is also considered as a gambling for me, moreover if we are trading or investing in new project in which we don't exactly know if they are really legit or not in the future


Title: Re: Can trading be likened to gambling and how so?
Post by: kawetsriyanto on July 15, 2022, 09:41:02 PM
Trading may end up like gambling if the trader alone also thinks that way, and that he can’t be sure of what he’s really into so he considers trading like gambling. Although it’s way too different for us who are into gambling and trading at the same time, but for some who are still newbies both in trading and gambling, it’s not surprising that their views on them will be somehow confusing. But one thing is certain, trading guarantees more profits if you also trade with knowledge and positive experiences. And you make use of your proven strategies to gain and win.
Well, it is true that it depends on how to trade and how the knowledge of a trader. If he has sufficient knowledge and trade using a good strategy, it won't lead to a gambling result (success opportunity 50:50). I mean the chance to succeed in trading can be higher if a trader knows well how to trade properly. While in gambling, commonly the chance to win is always 50:50 because success is based on luck. However, if a trader uses a haphazard way in trading, the success opportunity probably will be the same as gambling.



Title: Re: Can trading be likened to gambling and how so?
Post by: worle1bm on July 16, 2022, 06:02:19 AM
I personally feel gambling is entirely different from trading and can't be used interchangeably as gambling is pure luck while in trading you have to look at whole market and make strategies to move further and make profits.In gambling you place bet and rest depends on outcome while in trading you choose the coin and money you want to invest on and you can make profits out of them.So this is my approach but it could be different from others.


Title: Re: Can trading be likened to gambling and how so?
Post by: Agbe on July 16, 2022, 06:49:32 AM

Example:
For when we want to gamble, let say in sport football specifically, we look at certain criteria that aid us to a good bet, such as:
1> Head to Head
2> current form of the club and position on the table.
3> The strength of the opponent, etc.

Likewise in trading before we trade we look as certain measures such as:
1> Market trend and direction
2> The price level, market news and some other criteria too.

Now we all know that before going into trading or gambling its advisable to be emotionally stable and to involve a certain sum you're willing to risk etc, all these are similarities shared both in gambling and trading too.

With  these few above I think a clear discussion can well surface to clear the air about a likelihood or not.

I believe this has been discussed sometime again, but I can not really know the particular thread again. The examples that have been given are really found for the both areas but they are entirely different group of people and different planning and different aims and goals. In my own understanding of these two things. Gambling is the process of betting with a machine or between two friends or people among themselves. While trading is the process of buying and selling of goods and service in a market. so in trading you don't have that high tension as gambling. Though many people said, Trading is also gambling but as me, I didn't see it in that way. Although they have similarities of tools but those tools are used in different directions not the same. In fiat market, women of illiteracy can go to the market and buy and sell by using the local language or breaking language. But in crypto trading I don't think that illiterate can trade with the crypto market because it needs highly intellect to trade, therefore, in conclusion, they are different and not the same.


Title: Re: Can trading be likened to gambling and how so?
Post by: libert19 on July 17, 2022, 04:13:41 AM
Tbf life itself can be compared to gambling ::)


Title: Re: Can trading be likened to gambling and how so?
Post by: AakZaki on July 17, 2022, 11:43:05 AM
Trading and gambling are two different concepts which I see not to be the same, but thou they both involves risk taking, critical thinking, and experience but I still not  see them to be the same. Trading involves giving an item in exchange for the other, which could be money or an asset while gambling involves prediction of a possible outcome of an event, which if it's true you wins but if false, you lose
The most basic difference between trading and gambling is in the control of money.

If you gamble you deposit capital to bet and when you have placed a gambling position you lose control of your money entirely, where when you lose all the capital you deposited will disappear, but on the contrary if you win your capital can double.

If you trade, you deposit capital to bet, where you alone can determine whether you win or lose.

In trading you are in full control of your money, you decide when you want to sell or buy. because even if your trading is a loss, you will not lose all of the capital you deposited in the trade because the losses and profits are calculated based on the difference between the buying and selling prices which is a percentage of capital.

Gambling = No control after placing a position
Trading = Full control after placing a position


Title: Re: Can trading be likened to gambling and how so?
Post by: Ziskinberg on July 17, 2022, 12:08:17 PM
Trading - is not gambling - it a self-explanatory and doesn't require luck but requires trading knowledge, skill, and strategies.
Gambling - is not trading as well - it needs luck, pure luck especially dice and card games

They both are risky, they need money, that is all I see their similarities but in regards to which one is profitable - trading is the answer. Ohh, don't get make yourselves confused as to no reason that trading can be like gambling.


Title: Re: Can trading be likened to gambling and how so?
Post by: hashrateproducts on July 17, 2022, 02:44:53 PM
Trading and gambling have the same area of concentration because they both required money to start. They both shared the same risks and need decisive options in other to earn Profits. As for trading, one needs to pass through the normal process, which is to study and Know the different types of charts and how the entire Crypto market operates rather than just mere sitting down and guessing. Gambling involves only mere guess and luck, although some long time gamblers have their won experience and tactics they use in gambling.


Title: Re: Can trading be likened to gambling and how so?
Post by: tvplus006 on July 17, 2022, 03:29:15 PM
If you open trades based only on your intuition and not on technical analysis, your strategy will be comparable to a casino. Using risk management, you can significantly reduce the risk of losing your deposit. And if the trader does not adhere to this, then his strategy will be comparable to gambling and as a result, there may be a dependency that is inherent in gambling.


Title: Re: Can trading be likened to gambling and how so?
Post by: virasisog on July 17, 2022, 04:13:01 PM
Trading - is not gambling - it a self-explanatory and doesn't require luck but requires trading knowledge, skill, and strategies.
Gambling - is not trading as well - it needs luck, pure luck, especially dice and card games

They both are risky, they need money, that is all I see their similarities but in regards to which one is profitable - trading is the answer. Ohh, don't get make yourselves confused as to no reason that trading can be like gambling.

Yea, they have similarities when it comes to risks but they both work in different ways. Trading can be profitable if we are skilled enough to do it while gambling can only be profitable if we get lucky on it. For me, trading has a bigger assurance of getting a profit especially if we know how to apply the different strategies based on how we do technical analysis. It needs more logical and technical understanding compared to gambling.


Title: Re: Can trading be likened to gambling and how so?
Post by: Alisha-k on July 17, 2022, 05:12:56 PM
Gambling and trading have two broad path that will never cross each other. For gambling you make predictions based on past performances, Strength of the team especially in soccer but for trading past trends repeats its self and if you make predictions based on the market trends it is always difficult to record more losses than profit. The only time gambling and trading share similarities is if the trader places a trade without analysis


Title: Re: Can trading be likened to gambling and how so?
Post by: SirLancelot on July 17, 2022, 08:53:30 PM
Gambling can be likened to trading in one way, and it cannot be likened from another, gambling depends entirely on luck, while trading depends on luck sometimes only. The direction of prices, but sometimes a sudden event happens that changes all these factors in a completely different direction, in this case it can be similar to gambling.
Some people trade in a way that is just like gambling, they buy a coin randomly without any study or analysis and wait for a stroke of luck maybe the coin will rise, this is very similar to gambling.
It was the casino games are the ones that entirely depend on luck but if it was sports betting, you have a team or a player that you can analyze if what are their skills. From there you can make a prediction if who among them will perform better during the match.

If they will just trade like they are gambling then why can't they play gambling instead? They can gain certain benefits through it like cash back and any loss or win can contribute something to level up their account which they can then get a reward and most importantly is they will get entertained but if they want to earn a profit then trading should be the way and they must take it seriously.


Title: Re: Can trading be likened to gambling and how so?
Post by: freedomgo on July 17, 2022, 09:28:48 PM
Trading (can be the same with investing) being gambling or not will completely depend on the person if he/she is actually making informed decisions or are just going at it haphazardly. Trading is obviously far closer to gambling though, due to short-term movements being A LOT more unpredictable.
Trading and gambling are closely related but they are not totally alike. While gambling mostly end up in losing, regardless if you are a pro or not, losses will always be inevitable. However, trading becomes more like gambling too if you only trade without setting a target. Its like you only trade because you feel so, because you think the market is good to trade, but without good market analysis and real strategies to gain, your trading will always end up like gambling.


Title: Re: Can trading be likened to gambling and how so?
Post by: Ryker1 on July 17, 2022, 09:30:31 PM
Trading and gambling have the same area of concentration because they both required money to start. They both shared the same risks and need decisive options in other to earn Profits. As for trading, one needs to pass through the normal process, which is to study and Know the different types of charts and how the entire Crypto market operates rather than just mere sitting down and guessing. Gambling involves only mere guess and luck, although some long time gamblers have their won experience and tactics they use in gambling.
Well in short, --if you don't have knowledge in trading it will turn out to be gambling because you are more on guessing rather than having analysis for your possible position. The same on investing in meme coins which you don't know whenit will pump and you know the characteristics they have no real use and the price was based on the community. So if you invested it, you gamble your money, and the chances of winning are quite low and it is a high risk.


Title: Re: Can trading be likened to gambling and how so?
Post by: Kasabus on July 17, 2022, 09:39:01 PM
Trading can be compared to gambling in the sense that in both of them you basically make 'bets' on the outcome of a certain event at a certain time.
But there is a big difference between the two --> in gambling you are doomed to lose while you can make a good living out of trading, but it takes tremendous amount of work and dedication.

Another important distinction is that in gambling you always know how much you're losing on a single game (you can't lose more than what you bet), while in trading you can get your whole account erased if you don't apply sounds risk management principles.
Yes, basically both gambling and trading have their own risks. But the only difference is that in gambling, the outcome is more uncontrollable. Even if you think you have made your best bet, but the result still goes the opposite. While in trading, provided that you have good experience and well managed strategies that have proven useful in most of your trades, most likely the outcome is very positive. Although there are also number of gamblers who create fortune through betting, but most likely its more on trading that gives us a good living.


Title: Re: Can trading be likened to gambling and how so?
Post by: stomachgrowls on July 17, 2022, 09:41:52 PM
Trading and gambling have the same area of concentration because they both required money to start. They both shared the same risks and need decisive options in other to earn Profits. As for trading, one needs to pass through the normal process, which is to study and Know the different types of charts and how the entire Crypto market operates rather than just mere sitting down and guessing. Gambling involves only mere guess and luck, although some long time gamblers have their won experience and tactics they use in gambling.
Well in short, --if you don't have knowledge in trading it will turn out to be gambling because you are more on guessing rather than having analysis for your possible position. The same on investing in meme coins which you don't know whenit will pump and you know the characteristics they have no real use and the price was based on the community. So if you invested it, you gamble your money, and the chances of winning are quite low and it is a high risk.
On things that you dont have any idea on what you are doing and specially dealing off with money or real funds then it is really actually be considered to be gambling even you do make yourself get engaged in trading.

Imagine on things that you have been doing but doesnt really have the idea on what it is or even knowing or doing the basics then you would just simply thrown out some decisions without basis and knowing trading
which does really need that analysis so that you could really able to make a good position and ending up profitable but if not then expect for these outcomes to happen.

If you do like for you to have better chance on having profitable trades then you should do analysis and do make out some research which you do hone up your skills with the
experience you do get along the way.



Title: Re: Can trading be likened to gambling and how so?
Post by: GeorgeJohn on July 17, 2022, 10:51:25 PM
This is a nice question from my perspective. I believe that trading is not a gambling because it have it own way of moving and calculation. Because it mostly use technology and wisdom initiative to study and the verify it's way of making profit but when looking at gambling it is not applicable to it, because gambling have another denomination of it calculation and the prediction of them. so I believe that there is something different between both from my explanation


Title: Re: Can trading be likened to gambling and how so?
Post by: Silberman on July 18, 2022, 02:17:58 AM
Trading can be compared to gambling in the sense that in both of them you basically make 'bets' on the outcome of a certain event at a certain time.
But there is a big difference between the two --> in gambling you are doomed to lose while you can make a good living out of trading, but it takes tremendous amount of work and dedication.

Another important distinction is that in gambling you always know how much you're losing on a single game (you can't lose more than what you bet), while in trading you can get your whole account erased if you don't apply sounds risk management principles.
Yes, basically both gambling and trading have their own risks. But the only difference is that in gambling, the outcome is more uncontrollable. Even if you think you have made your best bet, but the result still goes the opposite. While in trading, provided that you have good experience and well managed strategies that have proven useful in most of your trades, most likely the outcome is very positive. Although there are also number of gamblers who create fortune through betting, but most likely its more on trading that gives us a good living.
What happens is that when you gamble the outcome is still completely random regardless of whatever you do to try to improve your chances of predicting what it is going to happen, but when it comes to trading if you have a good strategy then the chances that you can predict with a higher degree of accuracy what may happen next can be really good, this means that you can become profitable with trading, something that is incredibly difficult to do if you try to do the same with gambling.


Title: Re: Can trading be likened to gambling and how so?
Post by: Pandu Geddon on July 18, 2022, 02:50:44 AM
This is a nice question from my perspective. I believe that trading is not a gambling because it have it own way of moving and calculation. Because it mostly use technology and wisdom initiative to study and the verify it's way of making profit but when looking at gambling it is not applicable to it, because gambling have another denomination of it calculation and the prediction of them. so I believe that there is something different between both from my explanation
I also think they are two different things. trading requires more skill and analysis. and it's all learned and we can use some tools to do it. maybe slightly different in futures trading. I see it, almost like gambling in any other form in the crypto market. although you can use market analysis, the possibility of greater risk is in futures trading.


Title: Re: Can trading be likened to gambling and how so?
Post by: MCobian on July 18, 2022, 02:58:32 AM
This is a nice question from my perspective. I believe that trading is not a gambling because it have it own way of moving and calculation. Because it mostly use technology and wisdom initiative to study and the verify it's way of making profit but when looking at gambling it is not applicable to it, because gambling have another denomination of it calculation and the prediction of them. so I believe that there is something different between both from my explanation

There are still many people who equate gambling and trading, even though they are two different things. Most people equate gambling with trading,
I'm sure these people trade without learning about trading first. Because for people who already have knowledge about trading, they can definitely
distinguish between gambling and trading. In fact, I have found that many questions have been asked about the difference between gambling and
trading. We can even find the answer easily on the internet, so we are no longer confused that trading is not gambling.

In my opinion trading is when we can fully control our money after we put up our money, meaning we can sell or buy again at any time to be able to
make a profit. Whereas when gambling if we have put our money in a gambling game we cannot control the money that has been deposited. This means
that our money will double if we win and if we lose we will lose all the money we have deposited. After all, whatever strategy we use when gambling,
in the end it is only our luck that determines. While trading we can rely on our analysis and knowledge to determine strategies that can make us
generate sustainable profits.


Title: Re: Can trading be likened to gambling and how so?
Post by: Ahli38 on July 18, 2022, 03:04:50 AM
it seems you have to understand very well what the definition of gambling is so that it will be clear the difference between trading and gambling.

because it is very clear that a trade is not gambling. if we understand the characteristics of gambling.

I will take an example with the definition of a gambling game. A game / thing that is included in the gambling category is when we do not take part or do NOT cause an impact in the game being held.

Example  :

-ball game,
We are players in the ball game and of course if we want to win then we have to train hard, improve skills and so on. so that our chances of winning can be greater if we can play well. (this is not gambling because it is directly involved in the game so our skills have an impact on the outcome of the game)

Now the next thing is if we are not players or do not participate in the ball game and of course we do not have a direct impact that affects the ball game on the field, but we are only spectators and we analyze the skills of players and teams in the football game that we watch. and we guess which one will win and which one will lose. then we bet on which one of the teams will win from the results of our analysis. (this is a gambling) .

if you understand this. then clearly trading cannot be called gambling. because when we are trading, for example we buy 1000BTC then our purchase will have a direct impact on the BTC market price which will rise (we participate in moving market prices / not gambling) .
different from gambling where the money we bet will have absolutely no impact on the market price. our example is doing a guessing game the price of BTC will go up or will go down in the next 1 minute. then we bet 1 million dollars to predict the price will go up. Well our bet will not affect the market price at all. and this is called gambling.

very clear. we analyze the market and trading techniques are so that we become reliable traders. just like a soccer player who trains with his playing skills to become a great player.

then traders and football players are not gamblers.

hope you understand


Title: Re: Can trading be likened to gambling and how so?
Post by: Xampeuu on July 18, 2022, 05:39:07 AM
Trading and gambling are indeed very subtle, the difference is that when we trade, we must have a plan in advance, so that we make transactions according to the framework that has been created, so everything we do in trading is as if there are rules in our opinion, this is different from gambling. who don't know the direction and purpose of making transactions, even the risk and reward don't seem to be taken into account first


Title: Re: Can trading be likened to gambling and how so?
Post by: danherbias07 on July 18, 2022, 07:25:05 AM
Risk and emotional stability. Both have the same structure to comprehend.
There are different games in gambling though, some need analysis and some are just pure luck base or mathematics.
IMO, trading has more emotional stress than gambling. Perhaps being in the industry for long will take away the fun in it while it doesn't in gambling. The entertainment stays especially in sports betting.
Trading became a living.
Gambling was more "risking" and adding excitement to the game.
So it's a no for me as a comparison.




Title: Re: Can trading be likened to gambling and how so?
Post by: Danydee72 on July 18, 2022, 03:35:05 PM
The question reminds me of Mr. Goxx trading cryptos. These who don't know Mr. Goxx: It was a hamster trading cryptos. And he made some money!

So yes, trading may be some sort of gambling. It depends how you trade. You may follow an "influencer" like Mr. Goxx or decide to buy cryptos just because you feel something warm about it. Then it's gambling.
Sometimes even this kind of investment may be a good one. But everyone should know about chances to fail. If you begin to apply methods to move chances, the gambling factor will shrink and your actions consist more and more some sort of trading factors. But gambling somehow resists, just because we are not able to predict future. Maybe gambling is not the right word in this situation. I'ts more like guessing or prediction. And the key will be a appropriate timing. Just moving chances on everyones personal side. Step by Step.



Title: Re: Can trading be likened to gambling and how so?
Post by: AakZaki on July 18, 2022, 04:38:39 PM
Trading and gambling are indeed very subtle, the difference is that when we trade, we must have a plan in advance, so that we make transactions according to the framework that has been created, so everything we do in trading is as if there are rules in our opinion, this is different from gambling. who don't know the direction and purpose of making transactions, even the risk and reward don't seem to be taken into account first
Trading does have rules and analyzes that are made to predict prices that will occur later.
but gambling also has rules, Those who are professionals at gambling always have rules about how to manage their money for betting and what not to do. Some of them also just do gambling without thinking, there is no management and are more likely to be addicted, so they don't know the direction and purpose.
Trading and gambling both have rules and risks.


Title: Re: Can trading be likened to gambling and how so?
Post by: GiftedMAN on July 18, 2022, 06:16:47 PM
Trading feels like as gamble but it's only for those trader that wouldn't take much more seriousness on their trades, same as to those who just want to throw their money for gambling.

Even though some traders tend to be greedy most times in their trades, we can not compare their experience to that of real gamblers. Traders may encounter losses as a result of the current market situation not mostly greed, emotion, lack of experience, or their inability to follow the chart information but gamblers are well known for their habit of wanting to accumulate and take excess profit in a game or bet that they no not the history or related future outcome. The only similarity between trading and gambling is the word loss, in trading when the market situation is down you lose and in gambling, the loss is a normal thing.




Title: Re: Can trading be likened to gambling and how so?
Post by: ChrisPop on July 18, 2022, 07:35:15 PM
IMO, trading has more emotional stress than gambling. Perhaps being in the industry for long will take away the fun in it while it doesn't in gambling. The entertainment stays especially in sports betting.

I think it would be useful to expand a little bit on this. Why does trading produce considerably more emotional stress than gambling?

I would say that is because there is much more decision on the part of the player/trader. In gambling you place your money and you get an outcome almost instantly. In trading you can leave your position running for seconds, minutes, hours, days, weeks, etc. You are the one who makes the calls - where to take profit, where to cut the loss, when to add to the position and when to hedge. This is on top of the analysis that (I hope) precedes your trade decision.




Title: Re: Can trading be likened to gambling and how so?
Post by: seleme on July 18, 2022, 08:00:42 PM
In gambling, weak opponent can turn match in their favor and statistics are there to give you an biased opinion. After searching all necessary info, your biased opinion will lead to confident prediction but bookies will consider all possible outcomes on odds with higher margin. Trading is more about skills, management unlike gambling that based on your luck 90%. I know only few successful gamblers while countless professional traders live their life based on trading income. Gambling money can be lost easily if you chase losses while trading is all about money management to cut losses and let winning trades print $.


Title: Re: Can trading be likened to gambling and how so?
Post by: crzy on July 18, 2022, 09:39:25 PM
More likely no than yes. There is excitement, no doubt. When I started working on the demo account of the Amarkets broker, I spent enough time on training in order to get the desired result and understand how to work more correctly.
Learning how to trade first and how the exchange platform work is good, it can give you the total idea on what to expect on the site. Gambling will only become just like trading if you do analyze before you bet but over all, depending on luck should not be your character as a trader. Both can be very emotional, and if you want to succeed you must set aside that emotion, I can say that trading is not that a gambling because you spend time reading the market and its not easy at all.


Title: Re: Can trading be likened to gambling and how so?
Post by: GeorgeJohn on July 18, 2022, 09:49:41 PM
Many people misunderstand and quote wrongly between gambling and trading. Some people compare and define gambling with bitcoin as same thing. But from my perspective i have not seen any that collabrate gambling and trading of cryptocurrency. Gambling is game which start with prediction and it's been predicted according to what you observe with both parties. So someone wants to give definition of trading as gambling, the person should give the comparison and differentiate both in a tabular form.


Title: Re: Can trading be likened to gambling and how so?
Post by: n0ne on July 18, 2022, 10:15:35 PM
Many people misunderstand and quote wrongly between gambling and trading. Some people compare and define gambling with bitcoin as same thing. But from my perspective i have not seen any that collabrate gambling and trading of cryptocurrency. Gambling is game which start with prediction and it's been predicted according to what you observe with both parties. So someone wants to give definition of trading as gambling, the person should give the comparison and differentiate both in a tabular form.
We can't deny that there is no similarity between gambling and trading. According to me, in both trading and gambling we risk to increase our chance of making a good return out of the risked amount. With gambling this happens out of statistics and information gathered relative to the players and the teams involved. With Trading this gets completely associated with the market movements and the prediction connective to the past years.


Title: Re: Can trading be likened to gambling and how so?
Post by: sovie on July 18, 2022, 11:02:20 PM
Many people misunderstand and quote wrongly between gambling and trading. Some people compare and define gambling with bitcoin as same thing. But from my perspective i have not seen any that collabrate gambling and trading of cryptocurrency. Gambling is game which start with prediction and it's been predicted according to what you observe with both parties. So someone wants to give definition of trading as gambling, the person should give the comparison and differentiate both in a tabular form.
We can't deny that there is no similarity between gambling and trading. According to me, in both trading and gambling we risk to increase our chance of making a good return out of the risked amount. With gambling this happens out of statistics and information gathered relative to the players and the teams involved. With Trading this gets completely associated with the market movements and the prediction connective to the past years.
ANYTHING which brings you instant money and excites you and you lose your peace of mind too is harmful - trading and gambling are same.
Yes - I repeat it takes away so much from person - that they don't even know they are drained and they lose their peace of mind mind


Title: Re: Can trading be likened to gambling and how so?
Post by: Mpamaegbu on July 19, 2022, 07:50:10 AM
Like the game of chance gambling. Can trading in anyway be likened to gambling and how so?
Nope, both aren't in the same category. In trading, there are products to be exchanged while in gambling there aren't. There aren't services exchanged but phantom expectations. That will be my simple way of putting it. Trading is engaging in marketing transactions of one cryptos/currency/commodity in exchange for another while gambling is just the indulgent way of "amicably" attempting to rob others of their cash without offering them anything in exchange. It's just an expected shortcut to quick riches. Nothing else.


Title: Re: Can trading be likened to gambling and how so?
Post by: Hyphen(-) on July 19, 2022, 09:24:27 AM

Example:
For when we want to gamble, let say in sport football specifically, we look at certain criteria that aid us to a good bet, such as:
1> Head to Head
2> current form of the club and position on the table.
3> The strength of the opponent, etc.

Likewise in trading before we trade we look as certain measures such as:
1> Market trend and direction
2> The price level, market news and some other criteria too.


With  these few above I think a clear discussion can well surface to clear the air about a likelihood or not.

Looking at the examples you've given, it's obvious that they are unrelated. However, they might be connected if, after careful consideration of all the criteria or examples mentioned above, one game was lost, and perhaps the coin or token traded suddenly crashed or lost value. In both cases, no one expected it to happen that way, so it came as an offset that we are no longer able to control.


Title: Re: Can trading be likened to gambling and how so?
Post by: TheUltraElite on July 19, 2022, 02:32:41 PM
ANYTHING which brings you instant money and excites you and you lose your peace of mind too is harmful - trading and gambling are same.
You might be confusing spot trading with margin trading or betting on options. These later two are similar to gambling is all aspects but spot trading is not so. Spot is where you need to do your homework on the  project that you are investing in and how it has performed over the last few years or months and then only you can place orders to buy or sell. This means that you will need to spend time and brain cells on it and it will not give you an instant pleasure, but pain.

The other types of trading are all based on higher risk than spot. They are easy to place, give instant outcomes and are likened to gambling.

Therefore some types of trading are similar to gambling, not all.


Title: Re: Can trading be likened to gambling and how so?
Post by: stomachgrowls on July 19, 2022, 11:33:59 PM
I personally feel gambling is entirely different from trading and can't be used interchangeably as gambling is pure luck while in trading you have to look at whole market and make strategies to move further and make profits.In gambling you place bet and rest depends on outcome while in trading you choose the coin and money you want to invest on and you can make profits out of them.So this is my approach but it could be different from others.
I cannot really bring myself to agree with you on your idea of gambling being different from trading. When it comes to gambling, you are placing a bet and the rest depends on the outcome of the bet you have placed, and in trading you choose the coin or asset that you want to invest on and you can make profits out of them depending on what’s the outcome, and in both of them you hardly know what would be this outcome right?

So, I kind of have a little disagreement with you on this, because both gambling and trading have some similarities, they both involve giving off an asset in risk of expecting something in return of a desired amount.
They have similarities and they have also  some noticeable or significant differences when it comes to risk involved and on how to deal off with these things.You cant really just tell that its really just the same in most part but it would really be just on common sense on telling the different.

The fact that trading could end up on becoming gambling if you dont really know on what you are doing which is typical or normal but if you are putting some efforts on making some analysis
and knowledge been applied to it then it would be an another story.

If you are finding for leisure then gambling would fit out but if you do go for some investment and earning opportunity then trading would be the best choice.
Both are different in most aspect but only similar to different level of risk involved.


Title: Re: Can trading be likened to gambling and how so?
Post by: Silberman on July 21, 2022, 01:29:03 AM
Many people misunderstand and quote wrongly between gambling and trading. Some people compare and define gambling with bitcoin as same thing. But from my perspective i have not seen any that collabrate gambling and trading of cryptocurrency. Gambling is game which start with prediction and it's been predicted according to what you observe with both parties. So someone wants to give definition of trading as gambling, the person should give the comparison and differentiate both in a tabular form.
We can't deny that there is no similarity between gambling and trading. According to me, in both trading and gambling we risk to increase our chance of making a good return out of the risked amount. With gambling this happens out of statistics and information gathered relative to the players and the teams involved. With Trading this gets completely associated with the market movements and the prediction connective to the past years.
ANYTHING which brings you instant money and excites you and you lose your peace of mind too is harmful - trading and gambling are same.
Yes - I repeat it takes away so much from person - that they don't even know they are drained and they lose their peace of mind mind
If a trader has that mentality when they are buying or selling a coin then I will agree with you that they are gambling instead of trading, does this mean that trading and gambling are the same? Not really, this just means that those persons do not really know the difference, trading is not an activity in which you should engage in order to obtain some kind of excitement, in fact the most successful traders around the world will tell you that trading is incredibly boring, but that doesn't matter as long as you obtain profits.


Title: Re: Can trading be likened to gambling and how so?
Post by: Docnaster on July 21, 2022, 07:02:20 AM
I personally feel gambling is entirely different from trading and can't be used interchangeably as gambling is pure luck while in trading you have to look at whole market and make strategies to move further and make profits.In gambling you place bet and rest depends on outcome while in trading you choose the coin and money you want to invest on and you can make profits out of them.So this is my approach but it could be different from others.
I cannot really bring myself to agree with you on your idea of gambling being different from trading. When it comes to gambling, you are placing a bet and the rest depends on the outcome of the bet you have placed, and in trading you choose the coin or asset that you want to invest on and you can make profits out of them depending on what’s the outcome, and in both of them you hardly know what would be this outcome right?

So, I kind of have a little disagreement with you on this, because both gambling and trading have some similarities, they both involve giving off an asset in risk of expecting something in return of a desired amount.
Trading and gambling are brothers, they both involve giving out money in expectance of profit or a bigger money. In both of them you can lose all your money and people are advised to only trade or gamble with what they can lose. In trading even with high knowledge of charts, the market movements do change that can make you lose, so it looks like gambling because you put your money in what you cannot control.
My question is, someone that knows how to trade can be said to have a skill, can a gambler be said to have a skill?


Title: Re: Can trading be likened to gambling and how so?
Post by: xSkylarx on July 22, 2022, 03:19:33 AM
With gambling this happens out of statistics and information gathered relative to the players and the teams involved. With Trading this gets completely associated with the market movements and the prediction connective to the past years.

You only pertained to a specific type of gambling which is sports betting. It is very different from slots, baccarat, and other type of games you can find on a casino or gambling website that heavily relies on luck in order to win.

Trading can also be considered gambling for me if someone trades without enough knowledge. Like some people that do leverage trading just because it can give you huge return. They don't realize how risky it is and how quick they can lose money with just small volatility.


Title: Re: Can trading be likened to gambling and how so?
Post by: Michael White on July 22, 2022, 05:55:53 AM
It is gambling if you are blindly putting away your money. If you study the market and then make a decision, with a plan, then you are trading.


Title: Re: Can trading be likened to gambling and how so?
Post by: Franctoshi on July 22, 2022, 08:25:09 AM
these are gambles trading in a gambling way buying a coin without any study or analysis and waiting for their luck just like gambling either profit or either a loss,
Do You think that most gamblers just go into game and just place their money just like that?, You forgot that same way you do proper analysis on a coin before buying, is the same way gamblers analyse their games. A good gambler/ profitable gambler always researches on their games,  let say for example in sports betting, a good gambler would do a proper research on the clubs he/she wants to bet on before putting/ placing his bet. So same way when it comes to gambling in other games like the Casinos.
In my opinion trading and gambling is almost the same but trading is gambling in disguise.


Title: Re: Can trading be likened to gambling and how so?
Post by: AicecreaME on July 22, 2022, 11:40:41 AM
Trading and gambling involves risk, however, they have different level of risk. For me gambling is more wild and random, full of false hope and chances but less luck, while trading is the opposite of it, because with the right amount of knowledge the risk from the beginning will lessen. Trading is much worthy in my opinion, reading price charts is easier rather than relying on your luck in gambling.

Anyway, I believe it depends on a certain person on what he really wants to do.


Title: Re: Can trading be likened to gambling and how so?
Post by: lionheart78 on July 22, 2022, 12:18:06 PM
I personally feel gambling is entirely different from trading and can't be used interchangeably as gambling is pure luck while in trading you have to look at whole market and make strategies to move further and make profits.In gambling you place bet and rest depends on outcome while in trading you choose the coin and money you want to invest on and you can make profits out of them.So this is my approach but it could be different from others.
I cannot really bring myself to agree with you on your idea of gambling being different from trading. When it comes to gambling, you are placing a bet and the rest depends on the outcome of the bet you have placed, and in trading you choose the coin or asset that you want to invest on and you can make profits out of them depending on what’s the outcome, and in both of them you hardly know what would be this outcome right?

So, I kind of have a little disagreement with you on this, because both gambling and trading have some similarities, they both involve giving off an asset in risk of expecting something in return of a desired amount.

Taking a pointer from an article[1] view:

Trading is more of facts and figures
Trading can be done on scientific fundamentals and technicals
There is no house advantage in trading, unlike gambling
Gambling is more like a zero-sum game
There is less of adrenaline and more of discipline in trading
Greater control over the outcome in trading
You can find the explanation here[1]

That is supposed to be the concept difference between trading and gambling.

But with OP's question where he asked if trading can be like gambling in some manner then the link given by blockman pretty much explains why trading can become gambling.

[1] https://www.motilaloswal.com/blog-details/How-equity-trading-is-different-from-gambling../1358


Title: Re: Can trading be likened to gambling and how so?
Post by: Silberman on July 24, 2022, 01:16:54 AM
It is gambling if you are blindly putting away your money. If you study the market and then make a decision, with a plan, then you are trading.
This, there are in fact some traders out there which cannot be said to be trading the markets as they are not making any kind of analysis when they make their trades and they are just following whatever they have read on social media and they are just hoping for the best, those people are gambling and their presence is very common at most markets, however those which take the time to study each one of their movements and make a trade only once they are sure of what they are doing can be said to be traders and not gamblers.


Title: Re: Can trading be likened to gambling and how so?
Post by: Eugene Buck on July 25, 2022, 06:06:35 AM
Since there is speculation involved, many compare trading to gambling. But that isn’t the case as trading and gambling are two different things. Trading requires preparation and market analysis, which is certainly not what they do when they gamble.


Title: Re: Can trading be likened to gambling and how so?
Post by: Poker Player on July 25, 2022, 06:12:38 AM
Since there is speculation involved, many compare trading to gambling. But that isn’t the case as trading and gambling are two different things. Trading requires preparation and market analysis, which is certainly not what they do when they gamble.

It depends on the type of gambling. If you study the odds and know the type of gambling, it is more similar to trading. And in some specific games like poker or sports betting, where you can make EV+ bets, it would be even more similar.

If you play roulette while drinking a few drinks to pass the time, no, it is not similar to trading.


Title: Re: Can trading be likened to gambling and how so?
Post by: sovie on July 25, 2022, 04:44:13 PM
Since there is speculation involved, many compare trading to gambling. But that isn’t the case as trading and gambling are two different things. Trading requires preparation and market analysis, which is certainly not what they do when they gamble.

It depends on the type of gambling. If you study the odds and know the type of gambling, it is more similar to trading. And in some specific games like poker or sports betting, where you can make EV+ bets, it would be even more similar.

If you play roulette while drinking a few drinks to pass the time, no, it is not similar to trading.

Trading and gambling are two different things - but somehow they are also linked together. There are speculation involved and their is a lot of  focus needed. 
But those who have strong nerves can do the best.
Rest if someone get upset these are not for them


Title: Re: Can trading be likened to gambling and how so?
Post by: TheUltraElite on July 26, 2022, 05:03:17 AM
Since there is speculation involved, many compare trading to gambling. But that isn’t the case as trading and gambling are two different things. Trading requires preparation and market analysis, which is certainly not what they do when they gamble.
Speculation is for trading more than gambling.

In gambling on EV- games there is a quick satisfaction involved in making the best and losing or winning it. In EV+ games there needs to be background workup of the assets and their charts before making a decision - again it will take time to get filled. Therefore trading on spot is not compatible with speculation completely than what futures or marging can be compared.

I think it is better to follow what you love to do. If someone likes trading and makes profit in it, do it, don't demean yourself that you are actually gambling.


Title: Re: Can trading be likened to gambling and how so?
Post by: tvplus006 on July 26, 2022, 03:44:08 PM
Trading and gambling are two different things - but somehow they are also linked together. ...

In this case, a lot depends on the person himself and his attitude to trading or gambling. If a person is a player by himself, then he will definitely transfer this skill to any activity that he will be engaged in. Accordingly, having come to the cryptocurrency market, he will trade with a high degree of risk, which in his opinion will have to bring either a quick profit or a loss of money.


Title: Re: Can trading be likened to gambling and how so?
Post by: Silberman on July 28, 2022, 02:30:19 AM
Since there is speculation involved, many compare trading to gambling. But that isn’t the case as trading and gambling are two different things. Trading requires preparation and market analysis, which is certainly not what they do when they gamble.

It depends on the type of gambling. If you study the odds and know the type of gambling, it is more similar to trading. And in some specific games like poker or sports betting, where you can make EV+ bets, it would be even more similar.

If you play roulette while drinking a few drinks to pass the time, no, it is not similar to trading.

Trading and gambling are two different things - but somehow they are also linked together. There are speculation involved and their is a lot of  focus needed. 
But those who have strong nerves can do the best.
Rest if someone get upset these are not for them
Not really, speculation means that you see a set of conditions in the market and then based on that you try to predict based on a strategy you have created the direction the market has the greater chances of taking, speculation is not possible in most gambling games, after all how can you speculate about the next number which will appear on the roulette when regardless of what numbers appeared on the past the number which will appear next has no relationship at all with it.


Title: Re: Can trading be likened to gambling and how so?
Post by: famososMuertos on July 28, 2022, 09:41:48 PM
No!.

In fact we would have to start choosing what type of game is compared to what type of asset, the only thing they have in common is that a return is expected, only that.

In fact the skills of someone who bets on sports cannot be compared to the skills of someone who plays Blackjack and we are talking about betting.

Each betting game has its skills and knowledge, each one of them makes them complex in itself and gives each gambler an advantage.

A gambler with experience, skills and knowledge is a candidate to adapt very well in the trade, but do not confuse oranges with apples.


Title: Re: Can trading be likened to gambling and how so?
Post by: Jating on July 28, 2022, 10:37:47 PM
Trading and gambling are two different things - but somehow they are also linked together. ...

In this case, a lot depends on the person himself and his attitude to trading or gambling. If a person is a player by himself, then he will definitely transfer this skill to any activity that he will be engaged in. Accordingly, having come to the cryptocurrency market, he will trade with a high degree of risk, which in his opinion will have to bring either a quick profit or a loss of money.

There are a lot of similarities as what we have found it, (based on experience), if you do like sports betting vs trading, they are almost the same. You need to know that market itself before you can used your money in hope of making a good profits. Definitely, both involved high risk, high rewards scenario, so it's really up to the individual how to mitigate the risk in both gambling and trading.


Title: Re: Can trading be likened to gambling and how so?
Post by: harizen on July 28, 2022, 11:02:29 PM

First of all, we should not compare trading and gambling in the first place. That won't even help us.

Although we are risking money in both, there are respective strategies to take advantage of both fields.

We do not just do trades and allow our money to lose. We have strategies for that. Likewise in gambling, we are not just relying on our luck here, especially in sports-betting and strategy-based gambling games. We also have a set of strategies there.

The bottom line, just do our best to make our money worth risking, be it on trading or gambling.


Title: Re: Can trading be likened to gambling and how so?
Post by: Findingnemo on July 29, 2022, 05:23:09 AM
Yes it is, but with the example you had posted it seems the trading as well as sport betting needs more analysis before going for the bet so it makes it as not something that rely completely based on the luck. However there are also people who do trade just the way of gambling which should be avoided and its always important to stick with the strategies of our own to reduce the risk factor.


Title: Re: Can trading be likened to gambling and how so?
Post by: AicecreaME on July 29, 2022, 05:58:10 AM

First of all, we should not compare trading and gambling in the first place. That won't even help us.

Although we are risking money in both, there are respective strategies to take advantage of both fields.

We do not just do trades and allow our money to lose. We have strategies for that. Likewise in gambling, we are not just relying on our luck here, especially in sports-betting and strategy-based gambling games. We also have a set of strategies there.

The bottom line, just do our best to make our money worth risking, be it on trading or gambling.

Right on spot.

Some of us just can't help to compare trading to gambling maybe because of their perspective about it. But for me, trading is more favorable and completely fair to all of us, unless you treat it like you're playing gambling, like randomly guessing and hoping to win, but always ended disappointed and frustrated because of doing so.

Trading is more fun, in my opinion, and even it gives you an addiction, like you can't help but to study more about it, learning from your mistakes to climb up, to become a pro trader, then it will surely benefit you in the long run.


Title: Re: Can trading be likened to gambling and how so?
Post by: adzino on July 29, 2022, 06:07:20 AM
No they are two different things and can't be likened to each other. Gambling depends totally on luck. You either win or lose. You bet and hope that you win. In the long run, you will always lose since the casino will always have an edge. But trading is totally different. You take decisions. You can know what might happen in the future if you do proper analysis. If you are doing it right, you will be making profit in the long run trading. Sure it can be a form of gambling if you don't know what you are doing and just buying low and selling high with the hope of making profit.


Title: Re: Can trading be likened to gambling and how so?
Post by: YOSHIE on July 29, 2022, 02:05:51 PM
Like the game of chance gambling. Can trading in anyway be likened to gambling and how so?
It seems that you are misrepresenting gambling and crypto trading.

My understanding of gambling and trading are different methods and have a much different understanding.
for example:
• Crypto trading: here you don't make bets like gambling, you buy crypto when prices are low and sell when prices are high, in crypto trading you can still analyze, predict.
Trading crypto money that you trade does not disappear, it just decreases if it goes down and increases if it goes up, that's a trading method, generally in the real world as well.

• Gambling: betting method your money will be lost, if you lose you can't predict, gambling there is no movement and price drop, betting is profit, win you win, lose you lose all money, trading is not like gambling.

So, if you equate gambling with trading, you are very wrong, maybe you should do some research again about gambling methods and trading methods.


Title: Re: Can trading be likened to gambling and how so?
Post by: GatotKaca on July 29, 2022, 02:23:05 PM
Yes it is, but with the example you had posted it seems the trading as well as sport betting needs more analysis before going for the bet so it makes it as not something that rely completely based on the luck. However there are also people who do trade just the way of gambling which should be avoided and its always important to stick with the strategies of our own to reduce the risk factor.
it might happen. you are right, that there are traders who trade by relying on their luck. this may be similar to gambling, but the value of trading I don't think so. maybe with futures trading, could be linked.

Gambling, be it a casino or a sportsbook, we don't have the awareness to manage wins or losses. we will bet on something with the possibility of winning or losing.
but in trading, it will be different. because we will consciously determine whether to sell at a loss or with a profit. the difference maybe is our waiting time.


Title: Re: Can trading be likened to gambling and how so?
Post by: Findingnemo on July 30, 2022, 07:15:54 AM
Yes it is, but with the example you had posted it seems the trading as well as sport betting needs more analysis before going for the bet so it makes it as not something that rely completely based on the luck. However there are also people who do trade just the way of gambling which should be avoided and its always important to stick with the strategies of our own to reduce the risk factor.
it might happen. you are right, that there are traders who trade by relying on their luck. this may be similar to gambling, but the value of trading I don't think so. maybe with futures trading, could be linked.

Gambling, be it a casino or a sportsbook, we don't have the awareness to manage wins or losses. we will bet on something with the possibility of winning or losing.
but in trading, it will be different. because we will consciously determine whether to sell at a loss or with a profit. the difference maybe is our waiting time.
Gambling with responsibility comes with managing the funds as well so it can be similar in one perspective but I don't say both are same because it is not done by exactly the same people all the time, even stock trading can be the big gambling in my opinion because where more people are losing than the people who are making profits.


Title: Re: Can trading be likened to gambling and how so?
Post by: sovie on July 30, 2022, 10:34:11 AM

Gambling with responsibility comes with managing the funds as well so it can be similar in one perspective but I don't say both are same because it is not done by exactly the same people all the time, even stock trading can be the big gambling in my opinion because where more people are losing than the people who are making profits.
Gambling and responsibility seems to opposite extreme. Hardly any gamblor is responsible.
I wish to see some responsible gamblor ..  In our culture we do not gamble and we dont believe gambling is done with responsibility but here I witnessed very wise gamblor.


Title: Re: Can trading be likened to gambling and how so?
Post by: Alisha-k on July 30, 2022, 06:59:01 PM
Repetitive patterns in trading is not similar to head to head matches in gambling, same thing with price level and the form of a club. While in gambling head to head clash can go either way in trading patterns maintains a given trend and and only chances when a new trend is formed. Both are risky adventure well understood but they operate under different rules.


Title: Re: Can trading be likened to gambling and how so?
Post by: sovie on July 31, 2022, 11:47:23 PM
Repetitive patterns in trading is not similar to head to head matches in gambling, same thing with price level and the form of a club. While in gambling head to head clash can go either way in trading patterns maintains a given trend and and only chances when a new trend is formed. Both are risky adventure well understood but they operate under different rules.
Very correct - and I believe one thing for sure - do whatever you want to do with good intention.
And everything takes a right place in your life. But do not put other people in difficult situation - particularly financial matter.


Title: Re: Can trading be likened to gambling and how so?
Post by: Rigon on August 01, 2022, 06:53:41 PM
Not  really sure where to drop this thread since it's a compendium of gambling and trading as it seeks to make clearer a blur end.
Which is.
Like the game of chance gambling. Can trading in anyway be likened to gambling and how so?

But before you delve in for contributions, let me throw some light below for a better understanding of the idea behind the thread.

Example:
For when we want to gamble, let say in sport football specifically, we look at certain criteria that aid us to a good bet, such as:
1> Head to Head
2> current form of the club and position on the table.
3> The strength of the opponent, etc.

Likewise in trading before we trade we look as certain measures such as:
1> Market trend and direction
2> The price level, market news and some other criteria too.

Now we all know that before going into trading or gambling its advisable to be emotionally stable and to involve a certain sum you're willing to risk etc, all these are similarities shared both in gambling and trading too.

With  these few above I think a clear discussion can well surface to clear the air about a likelihood or not.

I totally agree with your words and example there is really a good match between trading and gambling.Whenever we go for gambling we consider various aspects such as which club to play with.How strong is the club and whether it can perform well.On the other hand, while trading, we must consider all aspects of the trading platform, such as market position, coin position, trading volume, etc.Trading is just as risky as gambling.


Title: Re: Can trading be likened to gambling and how so?
Post by: AmoreJaz on August 01, 2022, 10:46:03 PM
Repetitive patterns in trading is not similar to head to head matches in gambling, same thing with price level and the form of a club. While in gambling head to head clash can go either way in trading patterns maintains a given trend and and only chances when a new trend is formed. Both are risky adventure well understood but they operate under different rules.
Very correct - and I believe one thing for sure - do whatever you want to do with good intention.
And everything takes a right place in your life. But do not put other people in difficult situation - particularly financial matter.

so even if you see trading as gambling, if you are using your own funds, you are not too worried about the results of your trading. it may have similarities with gambling but the more knowledge or skills you have in trading, the better chance for you to get good results. however, if you will trade blindly, definitely, losing your funds is easy. unlike in gambling, if you play those luck-based games, you are just relying on your luck. but with trading, if you equip yourself with knowledge towards the coin/s and learn TAs, you have better chance of getting positive results.


Title: Re: Can trading be likened to gambling and how so?
Post by: EdenHazard on August 01, 2022, 11:23:35 PM
Sometimes it's just the matter of point of views.

And at the early stage getting to know about trading ... you will always found it odd , especially if you do trade for the first time and things went unexpected against you ... that's the start of your point of view thinks it's a game and it's unfair ... someone get the profit and the other side get negative taken by the one who get the profit.
But once you learned a little bit deeper , trading are of course incomparable to gambling, period.


Title: Re: Can trading be likened to gambling and how so?
Post by: Dollar_Hunter on August 07, 2022, 09:51:22 PM
trading is not gambling, you have to know it, trading has knowledge, from technical analysis to fundamental analysis,
a trader who has this knowledge is certainly not careless, but gambling, all do not need knowledge and only guesswork.


Title: Re: Can trading be likened to gambling and how so?
Post by: Davidvictorson on August 07, 2022, 11:02:02 PM
Yes and No. Yes because in trading, there's a small element of guessing. No because, In trading the odds are not against you. In trading you can make 90% accurate prediction having acquired sophisticated knowledge of the asset and market, Trading doesn't depend on "luck". You really have to put in the work and do your own homework.


Title: Re: Can trading be likened to gambling and how so?
Post by: Slow death on August 07, 2022, 11:24:19 PM
trading and gambling even if it is sports betting and even though they have some similar things like steps to analyze that you already mentioned, they are different in the part that in trading the person does not lose all money, the person only loses a small part when using Stop - Loss and in the trade one can easily recover from a loss, just buy lower and sell higher.

in sports betting and all or nothing, if the person bets 10$, that person will win or lose the entire 10$, if the person thinks about making a bet to recover the 10$ the person will take more risks like:

1 - the person will need to bet 10$ at an odd of @2.00

2 - The person will need to bet 20$

in both cases the person will run the risk of losing and getting more damage

That's why you shouldn't run to recover what you lost in the gamble


Title: Re: Can trading be likened to gambling and how so?
Post by: CryptocurencyKing on August 07, 2022, 11:34:27 PM
Many users confuse trading to operate just as gambling. Am not saying that's what your saying here @OP but, I've seen instances on the forum where users approach trading with a gambling approach. No proper tools to use in analysis in a bid to understand the market, they just glance and take an entry. Unfortunately, most of them get to be evacuated quickly by the market.

That is to say, trading is infact distinct from gambling.
Gambling is 99% luck and 1% your little experiences and history about the athletes and team.
Trading on the other hand is more about experiencing. This is because, there are signals, trigers in terms of candle pattern and indicators that repeats itself and points to a direction.
In essence, you can predict to some degree of accuracy the direction of a market but not so much about gambling.


Title: Re: Can trading be likened to gambling and how so?
Post by: Vaskiy on August 07, 2022, 11:39:20 PM
Yes and No. Yes because in trading, there's a small element of guessing. No because, In trading the odds are not against you. In trading you can make 90% accurate prediction having acquired sophisticated knowledge of the asset and market, Trading doesn't depend on "luck". You really have to put in the work and do your own homework.
Agreed, the small element of guess could be right as well as wrong. Depending will be the profit/loss. With trading too luck plays it's role when you go with some unpopular project investment. Some gets lucky to make the best out of it, sometimes the same causes big loss. So, luck factor also makes a connect with trading which is part of gambling.


Title: Re: Can trading be likened to gambling and how so?
Post by: distr@yopmail.com on August 08, 2022, 01:47:55 PM
Yes and No. Yes because in trading, there's a small element of guessing. No because, In trading the odds are not against you. In trading you can make 90% accurate prediction having acquired sophisticated knowledge of the asset and market, Trading doesn't depend on "luck". You really have to put in the work and do your own homework.
Agreed, the small element of guess could be right as well as wrong. Depending will be the profit/loss. With trading too luck plays it's role when you go with some unpopular project investment. Some gets lucky to make the best out of it, sometimes the same causes big loss. So, luck factor also makes a connect with trading which is part of gambling.
I don't think trading is the same as gambling.
In trading, it is we who will determine the profit or loss. if you want to get out of a trade you made at a loss of course you do it on your own. it's not a matter of luck or a guess.
In gambling, when you place a bet, you have no control over your bet. It is the results published by the bookie that will determine your fate whether you will win or lose.
I guess the two are completely different.


Title: Re: Can trading be likened to gambling and how so?
Post by: lixer on August 08, 2022, 08:20:46 PM
I don't think trading is the same as gambling.
In trading, it is we who will determine the profit or loss. if you want to get out of a trade you made at a loss of course you do it on your own. it's not a matter of luck or a guess.
In gambling, when you place a bet, you have no control over your bet. It is the results published by the bookie that will determine your fate whether you will win or lose.
I guess the two are completely different.
It's already given above that they have some similarities but not completely the same. In trading, I thought you are the one who determines your outcome? So, why say trade at a loss? It's possible to incur a loss in trading because we don't have a full control with it but it was the market.

You only compare trading with sports betting but what about casino games? When you are betting multiple times and you use the autobet function, it is always possible to stop it before you lose all your balance. In sports betting, there is also multi bets and there is an option to cash out early but the profits that you will be getting is much lesser.


Title: Re: Can trading be likened to gambling and how so?
Post by: dunfida on August 08, 2022, 08:48:21 PM
I don't think trading is the same as gambling.
In trading, it is we who will determine the profit or loss. if you want to get out of a trade you made at a loss of course you do it on your own. it's not a matter of luck or a guess.
In gambling, when you place a bet, you have no control over your bet. It is the results published by the bookie that will determine your fate whether you will win or lose.
I guess the two are completely different.
It's already given above that they have some similarities but not completely the same. In trading, I thought you are the one who determines your outcome? So, why say trade at a loss? It's possible to incur a loss in trading because we don't have a full control with it but it was the market.

You only compare trading with sports betting but what about casino games? When you are betting multiple times and you use the autobet function, it is always possible to stop it before you lose all your balance. In sports betting, there is also multi bets and there is an option to cash out early but the profits that you will be getting is much lesser.
Risk could really be depending on how someone would be making trades because it would be completely be the same as gambling when you dont know on what you are doing which we know that it would really be normal.

Trading is a career and an investment which is totally opposing with gambling which is created for the sole purpose of entertainment and there's no way that you could really make yourself to make a career on this one

and make yourself sustainable.There might be some who do able to do so but its not ideal on forcing yourself on doing so because risk is high but well its your choice.


Title: Re: Can trading be likened to gambling and how so?
Post by: qwertyup23 on August 08, 2022, 09:25:26 PM
Now we all know that before going into trading or gambling its advisable to be emotionally stable and to involve a certain sum you're willing to risk etc, all these are similarities shared both in gambling and trading too.

With  these few above I think a clear discussion can well surface to clear the air about a likelihood or not.

I doubt so- while both may have their respective risks, trading cannot be likened to gambling.

Gambling is the act of participating into various games (e.g. cards, slots, etc.) with the risk of either winning/losing depending on the wagered amount. On the other hand, trading involves the skill of anaylzing both the intrinsic and extrinsic factors that will arrive and support your conclusion whether to purchase or to sell your coins. While both may involve their respective risks, they have different mechanics that would dictate the pace of your investments.

Generally, gambling is more flexible in a way that you can experiment with other games that would yield you higher chances of winning. Unlike in gambling, trading is more of studying the market and accurately predicting the price.


Title: Re: Can trading be likened to gambling and how so?
Post by: Vaculin on August 08, 2022, 09:43:19 PM
With gambling this happens out of statistics and information gathered relative to the players and the teams involved. With Trading this gets completely associated with the market movements and the prediction connective to the past years.

You only pertained to a specific type of gambling which is sports betting. It is very different from slots, baccarat, and other type of games you can find on a casino or gambling website that heavily relies on luck in order to win.

Trading can also be considered gambling for me if someone trades without enough knowledge. Like some people that do leverage trading just because it can give you huge return. They don't realize how risky it is and how quick they can lose money with just small volatility.
Trading can still end up like gambling if the trader is motivated with greed. He thinks that trading is a get-rich-quick scheme so he eventually jump into trading without considering if he has gained enough knowledge and skills. And turned out losing all his funds just like gambling. While gambling is a game of chance and luck, trading is more on skills and strategies. And it takes prior useful experiences to help you succeed in trading.


Title: Re: Can trading be likened to gambling and how so?
Post by: gunhell16 on August 09, 2022, 04:50:10 AM
I read a lot here that they compare gambling to crypto trading which is very far from the truth that they are the same.
Crypto trading is a job and gambling is a place where a gambler who loves online games can have fun that includes betting according to what a player has.

Or maybe others say that trading is just like gambling because your assets are used up in the course of trading and their price falls in the market. But that's still not a basis and it's also a wrong understanding because even if the price of the coins you hold in trading falls until you sell them, it can't be said that you've lost, that's not how trading works.

Quote
Trading can still end up like gambling if the trader is motivated with greed. He thinks that trading is a get-rich-quick scheme so he eventually jump into trading without considering if he has gained enough knowledge and skills. And turned out losing all his funds just like gambling. While gambling is a game of chance and luck, trading is more on skills and strategies. And it takes prior useful experiences to help you succeed in trading.

Maybe for other gamblers they think that gambling is also a skill, so they also compare trading with gambling,
that's the problem when there is a lack of knowledge in crypto trading.







Title: Re: Can trading be likened to gambling and how so?
Post by: Kadal Ijo on August 09, 2022, 07:15:26 AM
Although trading and gambling opportunities are the same, but I don't agree that trading is the same as gambling, if gambling then we don't need any analysis, but trading requires a deep analysis and also follows the development of the coins we buy, if we are expert For profit is always greater than losing money.


Title: Re: Can trading be likened to gambling and how so?
Post by: Charlie1123 on August 11, 2022, 07:43:32 PM
In gambling, you will wager a certain amount of money hoping to win a game and therefore make a profit out of it through your winnings.while In case of trading if we put our money in the stock market, we might invest in a certain stock with the hopes that it will increase in value in the future and thus make you a profit too. If a person trades only to win, it is likely gambling.
With correct knowledge and strategy, we can earn decent money from the markets and that,s called trading


Title: Re: Can trading be likened to gambling and how so?
Post by: carlfebz2 on August 12, 2022, 05:13:07 PM
In gambling, you will wager a certain amount of money hoping to win a game and therefore make a profit out of it through your winnings.while In case of trading if we put our money in the stock market, we might invest in a certain stock with the hopes that it will increase in value in the future and thus make you a profit too. If a person trades only to win, it is likely gambling.
With correct knowledge and strategy, we can earn decent money from the markets and that,s called trading
You had concepted about trading to investing because if we do talk literally about trading then it does really involved that active buying and selling on a particular asset neither it would be crypto,stocks or something

like that because if you do tend to hold then thats called investing and its passive which is totally different when you do make trades. Trading could be ending up like gambling if you do make such activity without
knowing even with the simple mechanics or basic thing which is related to it.
Just like on other things which it would be called gambling whenever you do take up risk without having the full idea or knowledge on what you are dealing with.
This is why its really important to consider that before doing anything else then you should  really make yourself aware at least.


Title: Re: Can trading be likened to gambling and how so?
Post by: Wakate on August 12, 2022, 05:27:00 PM
Not  really sure where to drop this thread since it's a compendium of gambling and trading as it seeks to make clearer a blur end.
Which is.
Like the game of chance gambling. Can trading in anyway be likened to gambling and how so?

But before you delve in for contributions, let me throw some light below for a better understanding of the idea behind the thread.

Example:
For when we want to gamble, let say in sport football specifically, we look at certain criteria that aid us to a good bet, such as:
1> Head to Head
2> current form of the club and position on the table.
3> The strength of the opponent, etc.

Likewise in trading before we trade we look as certain measures such as:
1> Market trend and direction
2> The price level, market news and some other criteria too.

Now we all know that before going into trading or gambling its advisable to be emotionally stable and to involve a certain sum you're willing to risk etc, all these are similarities shared both in gambling and trading too.

With  these few above I think a clear discussion can well surface to clear the air about a likelihood or not.

Gambling is just like trading and I don't think there is anything different between it. In trading you have to look at the market and study it using indicators and other tools that makes it easier to understand the market. In gambling too, you have to study the bet you want to bet especially if you are gambling on sport especially football. Gambling and trading has higher risks but people will still prefer gambling to trading because trading needs a lots of efforts knowledge about how the crypto market works.


Title: Re: Can trading be likened to gambling and how so?
Post by: Ararbermas on August 12, 2022, 05:32:26 PM
Not  really sure where to drop this thread since it's a compendium of gambling and trading as it seeks to make clearer a blur end.
Which is.
Like the game of chance gambling. Can trading in anyway be likened to gambling and how so?

But before you delve in for contributions, let me throw some light below for a better understanding of the idea behind the thread.

Example:
For when we want to gamble, let say in sport football specifically, we look at certain criteria that aid us to a good bet, such as:
1> Head to Head
2> current form of the club and position on the table.
3> The strength of the opponent, etc.

Likewise in trading before we trade we look as certain measures such as:
1> Market trend and direction
2> The price level, market news and some other criteria too.

Now we all know that before going into trading or gambling its advisable to be emotionally stable and to involve a certain sum you're willing to risk etc, all these are similarities shared both in gambling and trading too.

With  these few above I think a clear discussion can well surface to clear the air about a likelihood or not.

well yeah seems almost the same but it's clearly that when it comes trading we can assure that despite of losses we still have a chance to regain afterwards, where in unlike gambling that base on luck only and at the same time very unpredictable and the chance of winning is not clear compared to trading especially if you have skills and enough knowledge because surely you can make good return after all your losses.


Title: Re: Can trading be likened to gambling and how so?
Post by: tbterryboy on August 13, 2022, 12:23:43 PM
In gambling, you will wager a certain amount of money hoping to win a game and therefore make a profit out of it through your winnings.while In case of trading if we put our money in the stock market, we might invest in a certain stock with the hopes that it will increase in value in the future and thus make you a profit too. If a person trades only to win, it is likely gambling.
With correct knowledge and strategy, we can earn decent money from the markets and that,s called trading
That if we are talking about the stock market but we are here in crypto so the one that we will be using is cryptos. Investing is more on a passive side but this is not included in this topic anymore as the op only said trading. People do trading because they want to earn a profit and not to have fun. Trading cryptos are very risky because cryptos are highly volatile than the stock but both are still considered to be a gambling because we can't predict accurately if when will the price head to.

The only main difference of gambling is that you can have fun along with earning some profit but many people disregard it as it's hard to win in gambling.


Title: Re: Can trading be likened to gambling and how so?
Post by: iv4n on August 13, 2022, 06:43:09 PM
I saw some really funny comments, as always on topics like this one! I will repeat myself, it's not hard for me...

Quote
Gambling - take risky action in the hope of a desired result.

So life is gambling! We take risky actions our entire life, and we always hope for the desired result! Gambling is everything, but games are different... with different rules, levels of risk, prizes, etc... but the fact is that if you are risking something to get something you are gambling! It can be your body, soul, or feelings, it can be money in your pocket or anything else that has some value! Because if your bet doesn't have a value your don't risk, so you don't gamble!

Trading is a skill-based gambling game! And if you wish to win in that game you need to know the rules, and how to play it... the better research you do to prepare yourself the better results you will have! If you just trade on your feelings it's the same as choosing some random sports team to win in some random game! You will win sometimes, but mostly you will be faced with losses!


Title: Re: Can trading be likened to gambling and how so?
Post by: lalabotax on August 13, 2022, 09:24:42 PM
Although trading and gambling opportunities are the same, but I don't agree that trading is the same as gambling, if gambling then we don't need any analysis, but trading requires a deep analysis and also follows the development of the coins we buy, if we are expert For profit is always greater than losing money.
I think the opportunity to succeed in gambling and in trading is different. In gambling, we totally rely on our luck. While in trading, we can optimize the chance to succeed by learning and having a good experience. Regarding the analysis, I think both in gambling and in trading, people probably use their own analysis. In gambling, people analyze how to play gambling games effectively. While in trading, people analyze the market trends and price history at least.



Title: Re: Can trading be likened to gambling and how so?
Post by: uchegod-21 on August 13, 2022, 09:42:12 PM
Trading is not gambling and gambling is not trading. But trading came be likened to gambling in one condition. When the trader doesn't know anything about trading. He doesn't also know about chart movements, does not understand the market movements and price movements. When he doesn't have a working strategy, maybe he just enters market and expect to make gain, by this we can say that the trader is gambling. Even gamblers will be better than the trader because gamblers have what they watch out for like odds and they could make more gain than an inexperienced trader.


Title: Re: Can trading be likened to gambling and how so?
Post by: LUCKMCFLY on August 28, 2022, 04:39:41 AM
It is gambling if you are blindly putting away your money. If you study the market and then make a decision, with a plan, then you are trading.
This, there are in fact some traders out there which cannot be said to be trading the markets as they are not making any kind of analysis when they make their trades and they are just following whatever they have read on social media and they are just hoping for the best, those people are gambling and their presence is very common at most markets, however those which take the time to study each one of their movements and make a trade only once they are sure of what they are doing can be said to be traders and not gamblers.
I know many friends who want to trade and actually do, but they pay some signal groups, which doesn't seem very good to me, because when they say they have losses they have big ones, others prefer to copy-trade, which this practice is It has become very fashionable, in my case I have had the intention of doing copy-trading because at the moment I have no idea what can happen in the market, simply because of the fundamentals that are attacking the world right now, such as covid- 19, possible wars, monkeypox now considered a global emergency. Due to all this it is that I get stuck to do my analysis, I really consider in my opinion that I do not know how to operate in these conditions.


Title: Re: Can trading be likened to gambling and how so?
Post by: topman21 on August 29, 2022, 11:48:05 PM
Both trading and gambling involve a lot of risk. Gambling depends entirely on luck and fortune. If the forehead is good then you can achieve good things in gambling.Again in trading platform also if you can trade with risk and if luck is good you can also profit there. If there is good fortune in the trading platform, you can also profit from it.But the key difference is that you have to take risks on both platforms.


Title: Re: Can trading be likened to gambling and how so?
Post by: Hamphser on August 29, 2022, 11:59:22 PM
Both trading and gambling involve a lot of risk. Gambling depends entirely on luck and fortune. If the forehead is good then you can achieve good things in gambling.Again in trading platform also if you can trade with risk and if luck is good you can also profit there. If there is good fortune in the trading platform, you can also profit from it.But the key difference is that you have to take risks on both platforms.
This is their main difference

1. Trading = Investment
2. Gambling = Entertainment

Trading or any investment could turn out to be a gamble if you do lack knowledge or skills on it.
If you dont like for you trades to be acting like you are doing gambling then better start off on learning things
rather than making actions without any basis.


Title: Re: Can trading be likened to gambling and how so?
Post by: Slow death on August 30, 2022, 12:00:08 AM
With gambling this happens out of statistics and information gathered relative to the players and the teams involved. With Trading this gets completely associated with the market movements and the prediction connective to the past years.

You only pertained to a specific type of gambling which is sports betting. It is very different from slots, baccarat, and other type of games you can find on a casino or gambling website that heavily relies on luck in order to win.

Trading can also be considered gambling for me if someone trades without enough knowledge. Like some people that do leverage trading just because it can give you huge return. They don't realize how risky it is and how quick they can lose money with just small volatility.
Trading can still end up like gambling if the trader is motivated with greed. He thinks that trading is a get-rich-quick scheme so he eventually jump into trading without considering if he has gained enough knowledge and skills. And turned out losing all his funds just like gambling. While gambling is a game of chance and luck, trading is more on skills and strategies. And it takes prior useful experiences to help you succeed in trading.

trade cannot end up as a gamble, see an example:

If a person has 100$ and that person trades in bitcoin, then that person buys bitcoin at the price of 20,000$ and the price of bitcoin drops to 15000$, that person is at a loss, but he will only be at a real loss if that person sells , which means that if that person has patience for years they can recover and make a profit

If a person has 100$ and enters a casino and makes a bet that team Z is winning, but then team Z loses? this person lost the 100$, there is no middle ground, this person lost the 100$. in other words, in gamble, you win or lose everything, it is very different from the trade that you can place a stop - loss and you don't lose everything

even when someone is buying and having a loss, buying and having a loss that person will take a long time to lose everything in trading, but the same thing cannot be said in gambling, the risk of losing everything in gambling is so great that it gets scary


Title: Re: Can trading be likened to gambling and how so?
Post by: junkerr on August 30, 2022, 02:13:00 AM
Both trading and gambling involve a lot of risk. Gambling depends entirely on luck and fortune. If the forehead is good then you can achieve good things in gambling.Again in trading platform also if you can trade with risk and if luck is good you can also profit there. If there is good fortune in the trading platform, you can also profit from it.But the key difference is that you have to take risks on both platforms.
but does a trader also just need his luck? Gambling also requires skills that must be possessed. I guess it all takes skill and luck if we're going to see how it works and the results it's going to get.
but if you look at skills, I think trading will require something more complicated to learn and understand than gambling.


Title: Re: Can trading be likened to gambling and how so?
Post by: Docnaster on August 30, 2022, 07:52:28 AM
Both trading and gambling involve a lot of risk. Gambling depends entirely on luck and fortune. If the forehead is good then you can achieve good things in gambling.Again in trading platform also if you can trade with risk and if luck is good you can also profit there. If there is good fortune in the trading platform, you can also profit from it.But the key difference is that you have to take risks on both platforms.
but does a trader also just need his luck? Gambling also requires skills that must be possessed. I guess it all takes skill and luck if we're going to see how it works and the results it's going to get.
but if you look at skills, I think trading will require something more complicated to learn and understand than gambling.
I do not think that there is any kind of luck in Trading, if we say about gambling we can say one can be lucky but in trading it is all about skills, your knowledge about the chart and about the market. It is only newbies that go to trading withluck and we all know how they end up . The difference between gambling and trading is the luck and skill difference between them.


Title: Re: Can trading be likened to gambling and how so?
Post by: Lanatsa on August 31, 2022, 10:57:24 PM
Both trading and gambling involve a lot of risk. Gambling depends entirely on luck and fortune. If the forehead is good then you can achieve good things in gambling.Again in trading platform also if you can trade with risk and if luck is good you can also profit there. If there is good fortune in the trading platform, you can also profit from it.But the key difference is that you have to take risks on both platforms.
but does a trader also just need his luck? Gambling also requires skills that must be possessed. I guess it all takes skill and luck if we're going to see how it works and the results it's going to get.
but if you look at skills, I think trading will require something more complicated to learn and understand than gambling.
I do not think that there is any kind of luck in Trading, if we say about gambling we can say one can be lucky but in trading it is all about skills, your knowledge about the chart and about the market. It is only newbies that go to trading withluck and we all know how they end up . The difference between gambling and trading is the luck and skill difference between them.
Luck do still play a role on trading even though not necessarily because it do base up with analysis and skills but there are indeed times that you could say that you are lucky on making up such position.

I had experience for myself that i had made out orders which is totally opposing on my analysis but it did turn out to be positive which is really something that you can call lucky
but you shouldnt really make yourself believe that it would really be needed most of the time since we arent doing gambling on the first place.

Trading could only be called gambling if you dont have the slightest idea on what it is.


Title: Re: Can trading be likened to gambling and how so?
Post by: muarip on September 13, 2022, 03:38:12 AM
Both trading and gambling involve a lot of risk. Gambling depends entirely on luck and fortune. If the forehead is good then you can achieve good things in gambling.Again in trading platform also if you can trade with risk and if luck is good you can also profit there. If there is good fortune in the trading platform, you can also profit from it.But the key difference is that you have to take risks on both platforms.
but does a trader also just need his luck? Gambling also requires skills that must be possessed. I guess it all takes skill and luck if we're going to see how it works and the results it's going to get.
but if you look at skills, I think trading will require something more complicated to learn and understand than gambling.

It depends on your thoughts about gambling or trading. If you describe all luck, how about people who have studied charts for years. Is it all luck? does not seem. It's time for you to think in a positive way.


Title: Re: Can trading be likened to gambling and how so?
Post by: kapalmabur on September 13, 2022, 04:08:13 PM
Both trading and gambling involve a lot of risk. Gambling depends entirely on luck and fortune. If the forehead is good then you can achieve good things in gambling.Again in trading platform also if you can trade with risk and if luck is good you can also profit there. If there is good fortune in the trading platform, you can also profit from it.But the key difference is that you have to take risks on both platforms.
but does a trader also just need his luck? Gambling also requires skills that must be possessed. I guess it all takes skill and luck if we're going to see how it works and the results it's going to get.
but if you look at skills, I think trading will require something more complicated to learn and understand than gambling.

It depends on your thoughts about gambling or trading. If you describe all luck, how about people who have studied charts for years. Is it all luck? does not seem. It's time for you to think in a positive way.
I do not underestimate gambling but indeed for a gambling and trading it is different,
trading is really very complicated and complex which is different from gambling which does not need to have special skills,
But again, everyone has their own opinion


Title: Re: Can trading be likened to gambling and how so?
Post by: Hamza2424 on September 13, 2022, 06:59:40 PM
Well i would like to say that trading is not at all gambling especially in the case of the apot trading as in spot trading if you have investment in the Potential projects 99% it will be profitable in future and in the case of Future many factors involved here so i would like to trading is not at all gambling but future may be may not ? As In trading ( Spot Trading ) we do our analysis and make a research then make an investment for a period of time then in return we enjoy profit it cant be gambling at all.


Title: Re: Can trading be likened to gambling and how so?
Post by: milewilda on September 13, 2022, 08:28:56 PM
Well i would like to say that trading is not at all gambling especially in the case of the apot trading as in spot trading if you have investment in the Potential projects 99% it will be profitable in future and in the case of Future many factors involved here so i would like to trading is not at all gambling but future may be may not ? As In trading ( Spot Trading ) we do our analysis and make a research then make an investment for a period of time then in return we enjoy profit it cant be gambling at all.
There's no such thing about 99% because it could really be below than that and never make yourself believe with those percentages so that you wont really get that disappointed since this market is
totally unpredictable which it could really mess up your entire analysis and plans or actions because of some due factors.The best thing to be done is to set out those back up plans because most of the time those analysis of yours would be fucked up by this market.Trading is never been considered as gambling but if you do really make yourself do make out trades without even knowing on what
you are doing or doesnt even know with the basics then you are just simply making yourself a gambler behavior and this is the time you could really connect up both things.


Title: Re: Can trading be likened to gambling and how so?
Post by: Russlenat on September 13, 2022, 09:59:28 PM
No they are two different things and can't be likened to each other. Gambling depends totally on luck. You either win or lose. You bet and hope that you win. In the long run, you will always lose since the casino will always have an edge. But trading is totally different. You take decisions. You can know what might happen in the future if you do proper analysis. If you are doing it right, you will be making profit in the long run trading. Sure it can be a form of gambling if you don't know what you are doing and just buying low and selling high with the hope of making profit.
Both have the same risk of losing but these two are totally different. If you trade with high knowledge and skills, most likely you will be profitable and gain decent amount of profits. While in gambling, even if you prepared a lot and gained a lot of knowledge and skills in gambling, you cannot expect for a positive outcome in the end. Gambling is a game of chance and luck, so if you don’t have that luck every time you gamble, losing will always be inevitable. Though sports betting is more on skills, but the rest of the games are played on luck based.


Title: Re: Can trading be likened to gambling and how so?
Post by: Fireebrand on September 16, 2022, 07:15:28 AM
Trading is speculation, but that speculation is not lame as it requires an approach. Gamblers have only one agenda: they are luck-oriented and lack a strategy and plan. So, I don’t think both are linked. There is a huge mindset  and knowledge gap between the two.


Title: Re: Can trading be likened to gambling and how so?
Post by: Munir575 on September 19, 2022, 02:01:47 PM
Do you believe that the majority of gamblers simply enter a game and start betting? You overlooked the fact that gamblers analyze their games in the same way you do when you properly analyze a coin before buying. When it comes to sports betting, for instance, a good gambler would properly research the teams he/she wants to bet on before placing/placing his bet. A good gambler is always profitable when it comes to gambling. Similar reasoning applies to gambling on other games like casinos.
Trading, in my opinion, is gambling in disguise, the two are practically identical.


Title: Re: Can trading be likened to gambling and how so?
Post by: kryptocanon on September 20, 2022, 08:11:53 PM
It's always a gamble when a man ventures into a business he knows nothing about. Every trade has its unique ways of running it and those are the things a man needs to understand to be successful in it. Without knowing this then it's a pure gamble. The same thing applies to crypto too.


Title: Re: Can trading be likened to gambling and how so?
Post by: knowngunman on September 25, 2022, 09:11:59 AM
Gambling is something when you put your money to get extra money in return.
Trading can be termed as similar but yes with little changes.
In trading the risk involved is minimal, and in gambling the risk is very high comparing to gambling.
In these ways it can be linked, but yes both are different, and people look into both with different perspective.

Honestly, I do see them as a bird of the same feather. At times, gambling can be very more profitable than trading especially during bad market situations like we are now. The only difference I see in both is capital maintenance. Gambling can takeaway your capital while trading can not takeaway but can touch part of it if the market depreciate.


Title: Re: Can trading be likened to gambling and how so?
Post by: Wakate on September 25, 2022, 05:00:33 PM
Trading is speculation, but that speculation is not lame as it requires an approach. Gamblers have only one agenda: they are luck-oriented and lack a strategy and plan. So, I don’t think both are linked. There is a huge mindset  and knowledge gap between the two.
A gambling trader is a person that trade without goal or daily trading journal. Some persons just keep trading without having a target or trading guide which is a bad way to trade. It is very easy for us to trade like a gambler during trading which is mostly based on guessing of the direction of a particular coin without having a concrete reason why we think the market will go in that direction.
In one or twice in our life time, we have fall in the category of trading like a gambler which may be during the time when we are still a newbie trader having the urge to trade like a pro trader with the kind of result they do have.


Title: Re: Can trading be likened to gambling and how so?
Post by: Hamza2424 on September 26, 2022, 07:39:35 PM
The Answer for your question is that please mention first which trading you are talking about as, Know trade made after the analysis or just putting a blind trade. Spor trade or the future trade. Let me explain all the trade taken after the analysis in spot is not gambling at all also the blind trade in spot is also non gambling as he is owning the asset.


Title: Re: Can trading be likened to gambling and how so?
Post by: Cryptmuster on October 02, 2022, 08:47:02 AM
The Answer for your question is that please mention first which trading you are talking about as, Know trade made after the analysis or just putting a blind trade. Spor trade or the future trade. Let me explain all the trade taken after the analysis in spot is not gambling at all also the blind trade in spot is also non gambling as he is owning the asset.

One thing is certain, gambling and trading without analysis will not last long, as the deposit will be lost very quickly. And even if there is a good analysis, then besides this, there are many factors on which the success of trading and gambling victories will depend. There are unexpected outcomes of events in gambling, when that the best analysis will not save you from lose, and there are enough surprises in trading, but if there is a risk of management, then the chances of success increase. In both cases, these are very difficult areas that require good knowledge and strong nerves.


Title: Re: Can trading be likened to gambling and how so?
Post by: fuguebtc on October 02, 2022, 10:03:24 AM
Gambling is something when you put your money to get extra money in return.
Trading can be termed as similar but yes with little changes.
In trading the risk involved is minimal, and in gambling the risk is very high comparing to gambling.
In these ways it can be linked, but yes both are different, and people look into both with different perspective.

Honestly, I do see them as a bird of the same feather. At times, gambling can be very more profitable than trading especially during bad market situations like we are now. The only difference I see in both is capital maintenance. Gambling can takeaway your capital while trading can not takeaway but can touch part of it if the market depreciate.

Gambling sometimes gives you a lot of profit but only if you are lucky enough and that profit does not come often or continuously but only happens a few times out of thousands of times you gamble. But in trading the win rate is not 100% but if you have enough knowledge and experience you can also make a steady profit. I see a lot of full time traders but never have seen anyone who spends full time gambling making good profits. They still have one thing in common but if you look closely they are really different and not versions of each other.


Title: Re: Can trading be likened to gambling and how so?
Post by: BobK71 on October 02, 2022, 10:04:06 AM
The Answer for your question is that please mention first which trading you are talking about as, Know trade made after the analysis or just putting a blind trade. Spor trade or the future trade. Let me explain all the trade taken after the analysis in spot is not gambling at all also the blind trade in spot is also non gambling as he is owning the asset.

One thing is certain, gambling and trading without analysis will not last long, as the deposit will be lost very quickly. And even if there is a good analysis, then besides this, there are many factors on which the success of trading and gambling victories will depend. There are unexpected outcomes of events in gambling, when that the best analysis will not save you from lose, and there are enough surprises in trading, but if there is a risk of management, then the chances of success increase. In both cases, these are very difficult areas that require good knowledge and strong nerves.
Gambling and trading share some similarities. Just as a trader takes trading risks as same as a gambler need to take the risk. However, the gambler's risk is higher than the trader. Again a trader has to make judgments to take new trade similarly a sports bettor also has to analyze  various issues. But the big difference between a gambler and a trader is that a gambler lives in complete uncertainty and a trader does not lose everything even if the price drops slightly or drastically.