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I have read many discussions about trading and gambling, some people have rather joined the two as gambling. That is not totally true. For traders who agree that trading is same with gambling, they are just lazy to go into work and adopt the ethical way to trade and those are:

1. To cut your losses and increase your profit: You can conveniently do this by using stop loss or take profit adjustment or trailing stop but in gambling, is one straight end once you have gone on the bet, you either loss all you bet or win or you bet for.

2. A trader can adjust his risk appetite by reducing the lots size to suit his account and determine his appropriate leverage but in gambling, a bettor has to go with the odds provided for the gay. He can't reduce or increase it against the fixed odds.

3. Traders use analytical tools to determine what market price will be and wait for appropriate timing but gamblers play by the rules of casino.

Trading is not gambling. You require luck in gambling but you require work in trading.

What is your thought.

Trading is trading, while gambling is gambling. They are different but having some similarities too.

One of the similarities is that a new trader can be trading,  having no strategy and technical or fundamental analytic means to use trading to earn profit. But instead, they trade for luck and fail. There are some traders that we use as an example of gamblers that lost high amount of money, but to trading in just some minutes, hours or days.

So if representing trading as gambling for newbie traders, and also letting them know how different both are, it is good.

Definitely, trading is different from gambling. People that are trading and also gambling like people like us know the differences. They are very different. What I can say is that trading is more flexible in making profit and you can try to have some strategies to try to want to minimize losses and still make better profits, but which gambling do not offer. Trading can be more attached to success even as dangerous as it can be, discipline and having the right strategies and trading experience are what that are required.

But it is still worth it to always say that trading is as risky as gambling.

If newbies trade in a wrong way and luckily make profit or fail to make profit doesn't make it to be the right way to trade so it should not be classed as the way to trade. Every trader today have done trading with luck and succeed or lose as a newbie . That is why we understand better today to show newbies that luck doesn't carry you all the way in trading.


Yes they are difference with the same aim or purpose which is risk and profit possibility.

Trading is different than gambling because you must have plans for trading, risk management before you open your positions. Unfortunately most of traders are amateur and they trade like gamble. You can call them as gambling traders :D

• Stop loss, one of best weapons in trading (https://bitcointalk.org/index.php?topic=5173189.0)
• Stop limit order
  
  • Stop-Limit Order: What It Is and Why Investors Use It (https://www.investopedia.com/terms/s/stop-limitorder.asp)
  • What is a stop limit order (https://academy.binance.com/en/articles/what-is-a-stop-limit-order)

Some amateur traders think they are genius and can get profit from trading like a gambler forever.

In general, in my opinion, the two activities are different, but risky. Gambling is clearly done differently. There are many types of bets available in gambling, How can you say sports betting, poker, slots like trading, is there any graphics or volume there or cheap or expensive coins to buy and sell, of course not.

Crypto trading, as far as I know and I have done there are only a few options, such as: Spot, Futures, Margin, it is clear that in these three options trading activities are not the same as gambling, for me there are certain things to learn about crypto trading to get good profit, in understanding it is quite clear betting and options trading are different in every way.

The intention behind trading is mainly to make money, not for fun, You can make money from gambling, but that is not adviced to be the main purpose of gambling. In trading, your chances of becoming a better trader increases with how well you are able to improve on your knowledge of trading and skills, but in gambling, the more your skills improve, the closer you are to becoming an addicted gambler, and even with all your skills, you can still loose when you play games that are not skill based.

There are people that are tired of these discussions so, it's best to just let the topic starters to let them believe what they want to believe for the discussion to end.

That's also what I believe, they're different. It's true that in trading you're required to do some efforts but we can't deny also the efforts being done by the gamblers who do sports betting.

I think trading is more profitable than gambling. Trading here will not face much loss but if the market goes down for a time it will go up again. And very few people lose by trading, most people gain from it. But I have noticed that in gambling when a person places a bet it is not certain whether he will win or lose. But many gamblers keep playing and lose and lose all their money causing huge loss to their business. If an intelligent person starts trading then he will definitely go for trading because trading brings profit. But if a person does not gamble much for his business then he must make mistakes as the rate of loss is higher than the profit. Betting in gambling mostly depends on luck so I think it is better to avoid gambling.

There could be times when trading becomes a gamble — when the trader literally have no idea of what (s)he is doing.
However, generally, trading is not suppose to be considered as a form of gambling since there are quite more times where you can analyze the flow compared on gambling wherein the results are purely random.

If someone wants to get serious with trading, I do agree that (s)he must study about it.

Absolutely right, because, but after reading your post i am forced to contemplate that, we used to say "invest in crypto with what you do not afraid to lose". and we also used to say "play in gambling with what you do not afraid to lose". Then what other difference remains there, i have read so many topics like these and always thought we have to see this issue from the eye of a gambler too, who is making strategies in a few gambling games, to increase his win rate and when that person will read this topic, he will be totally satisfied with your points but few things will be unclear for him, like the one i have already mentioned and the risk of failure is also very higher in both terms.

Now the point is, no wonder trading is not gambling but it becomes gambling just like blunt gambling in which you do not understand the functioning of the game and how the casino is working, like either they are working in favor of customers or are eager to fill their own pockets plus what strategies they are using and how I can decode them. etc. etc. i am not a gambler and i might not have used the exact terms to explain it but the context remains the same.

They are different things because we have way more tools to analyze the market in comparison to gambling. And gambling at the start involved many illegal activities no wonder crypto (trading) also involved that but gambling was on at bigger scale, plus gambling will make your living worse if you are so addicted to it, in my thought, gambling is not a good thing to do.

Gambling has some partial similarity, which is uncertainty in the outcome of your trade or bet. It's just that when you stake a game, you are not sure if you will win; even if you speculatively expect to win, it might end in a loss. In trading, someone could be good at technically analyzing the market movement, but there is still every possibility that the market can go in the opposite direction of your prediction. But one good thing about trading is that, even if the market goes against your predicted direction, you will still have your coins with you. But it depends on the kind of trade you enter. If it's a normal buy and sell order, you have the advantage of still holding your coin until the price goes up before you sell, but if it's future trading, a trader's asset could easily get liquidated. In gambling, if you lose, then you have lost all the money you staked; you will not have anything left to yourself, but in trading, you could apply a strategy called stop loss and take profit," which in gambling is nothing like that.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Yes, in trading, people come and learn to trade to get profits, which can indeed be learned and applied, even with high risks too. Meanwhile, gambling is clearly based on luck being the main factor. I don't deny that trading requires luck, but luck can be achieved if we can understand market conditions when we trade.
 
Logically if trading and gambling are the same, why don't more gamblers not come to trading? but on the contrary, many traders actually go to gambling after they get profits to have fun there. At least that's what I've seen so far from the habits of a trader and gambler.

Stop losses is really helpful to cut losses but increasing take profit will not increase your profit because you just increase your margin on when you take profit while the price is jot guarantee that will go upward. Remember that you have stop loss which means there’s a chance that it hit that first before the price hit your target take profit price. There’s no way to increase profit aside from increasing your margin or capital.


What gay?  :D. I think you are only using slot games to represent the gambling. There’s sports betting game in gambling that let you choose the odds of your preferences. This is almost same with trading because you will need analytical skills to choose the best odds base on your risk appetite.

Gambling is of two types, Sports gambling and Casino gambling. Now in sports gambling some knowledge and calculations required along with luck and in casino gambling, everything depends on luck. So yes luck plays an important role in gambling. But in case of trading, you have to adapt to the market and trade according to the market requirements. So yes in trading your capabilities and understanding of the market helps you to make desired amount of profit. In this manner you can distinguish between the two.

Trading and gambling are two different things. If someone compares trading with gambling and considers trading as gambling then it is up to the trader, then trading does not become gambling. There are two categories of gambling, sports betting and casino gambling, where different gamblers have their different preferences for gambling. Trading is an investor's place, where professional traders engage with their talent and experience. So a trader must have experience, talent, and knowledge about how the market works before going into trading.

And those who come to the market without any skill and lose their funds by trading, in fact they are not even gamblers, they are greedy and lazy people who think that they can easily get everything without any effort. So it seems to me that trading is misused by some people as an easy way of making money, and as a result they end up losing their capital.

Okay... Like when the Amateur trader literally have no idea of what..... He keeps swimming in luck but the professional trader will cut his losses short to stay out and come back because he knows for sure that the market has changed against his order.





The difference that remains is that stop loss is a major difference of control to your risk when you are already in the trade but in gambling, you only depend on luck when a game is going against you. You can't cut your losses if you are to lose.

Both are risking something for a profit. In gambling, you can bet on sports and reduce your risks too with the help of analysis. In trading, you also need to have some luck to get the best possible trades at a given time. Sure, it can be predicted using patterns, analysis, and studying of historical data, but there are still some instances wherein luck is the only deciding factor on the trades.

Gambling is purely based from luck and chances, while trading is based on knowledge and skills, and some good and working strategies to win the trades. Though I believe trading also needs luck as much as it is as there are times trading end up still at a losing end. And when gambling, even if you have the knowledge and strategies, winning is not guaranteed while trading increases its chances of winning your trades and making you profitable if you know how to analyze the market and adopt whatever the market trends.

Yes, it’s true as gambling only relies on luck alone for you to succeed and be in profits. However, with trading, it needs a lot of preparation before you decide to trade. You should acquire knowledge and enhance your skills first before you can be a good trader. Otherwise, you will only trade and lose your money just like gambling your own capital.

It doesnt really need to complicate things in between things on which you could automatically spot out on whats their main difference. I dont know on why there are some people who do really
goes into those ideas that both things are just the same.Yes, its true that they do have similarities but we know that they are completely different to each other because one is for entertainment
and one is for investment/business/job in overall on which you could really potentially be able to make money if you do able to work hard and learn those skills which you would be mainly needing
for you to sustain a certain market. Making yourself profitable in trading is never been that easy and results arent really that instant which its true that you would really be needing to work hard
before you could really be able to attain such state. On the time that you do have both experience in these 2 things then you would be finding out their main differences on point.

Both are actually different in the sense that gambling requires no any preparation at all like gaining good information first and use some strategies to win since gambling results will always be unpredictable. And it’s solely rely on luck, if you don’t have the luck, you will never make profits. However, with trading you need to set yourself ready, and be as knowledgeable and skillful as you are so you can take advantage the market and win your traders. Trading follows a process so you need to stick to it if you don’t want to trade and end at a loss.

Not all traders can be called traders, but some of them can also be called gamblers. You probably know what I mean, so it's not surprising when you actually find them trading by feeling instead of analysis. There are several types of trading that can be classified as gambling, and one of them is binary options. Binary options traders rely solely on feelings to make decisions, not analysis, so it comes down to luck. If some people trade spot or futures in that way, then they are gamblers.

There are traders who are also depends on their luck and with this, many are losing because they treat gambling in a wrong way. If you want to succeed on trading you must start doing your best to learn its process and all the indicators because in trading is all about your analysis. To become a trader it will always take time and take a lot of hard work, if you are not so serious about this don’t expect to become a good trader.

Luck does sometimes work very well, especially in gambling, and even in trading too. but this will not be long or last a few times. In fact, not everyone will always have good luck at certain times. Luck is a bonus, not something underlying or to be considered in trading. Trading requires ability and expertise in analyzing to make decisions.

I have to agree with this since gambling in the first place relies only on luck alone to make your bets work. Although sports betting may require some good background on the match and analysis on the market, but in the end you will never win if you also don’t have the luck to win. But with trading, everything is set to follow a working process. You will never be successful in trading by following shortcuts, but you should always stick to the rules and manage your emotions so it will not ruin your trades. And while gambling is a way to make you lose, trading on the other hand is designed to make you profitable. Of course, that is highly possible if you work on you skills and strategies to win.

I tend to agree with this concept and that's very simple.
It's easy to determine, if you're in trading and don't have knowledge, then that's gambling.

Because trading is a skill-based activity and luck might play a minor role in trading, it isn't the determining factor.
If you're a trader who relies solely on luck are unlikely to achieve consistent profitability because IMO, it needs hard work, research, and discipline are very important components for successful trading.  Traders need to analyze market trends, study charts and need up-to-date financial news.

Trading and gambling are quite different, although both required luck inother to come out prominent. You're right, luck does not work sometimes but in some cases, it showed up. Gambling requires fulltime luck, because it's unpredictable, anything happens within a range of time, before we knew it, things either turn out for losses or profits on our side. Luck is everything we need for us to be succeed in the space and have absolutely no limitations on streak profits. I've witnessed scenarios were newbies generate enormous profits from trades knowingly fully well that they have no idea of the projects they invested on.

I agree with this because trading needs dedication and work, it's not like gambling where you will just throw your money and wait for your luck.
The result of any bet on gambling is based morely on chance so it's really far to trading, when you have proper understanding on the market, you will be easily identify and predict closely the market.

Both trading and gambling need luckiness but with trading, you need to brainstorm more to get profit and can not solely rely on luckiness.

The magic from trading is if you feel unsafe by market movements, trend changes or just realize that your position was opened badly, you will have chance to close your position and exit it with a draw, a small loss and wait for other chances in future with better entries.

In gambling, after you click on Play, you are done and only can wait for probability to see whether you lose or win that bet.

what you say also makes sense. trading will always be different from Gambling. except for those who don't know how to trade well.
but both also require our luck in doing so. in trading we also actually need luck, so that the analysis we use is by the direction of price movement. I can't say that the direction of market movement will always be by the indicators we use in market analysis. we have skills in trading, but also need luck in our decisions.

Lots of people don't really understand what trading is all about, most of them don't really know how to do their analysis, most of them just see people talking about a particular coin, and they will also decide to buy which at the end, they will keep on hoping they are lucky the coin pump, we all know we also need luck in trading, some times you might think your analysis is right, but at the end you might be wrong, but that those not mean you depend on luck without running your analysis. Trading is not just about buying, you have to properly do your analysis to know the appropriate coin to buy, appropriate time to buy, and appropriate time to sell.

please stop trading only by relying on luck when trading because it's the same as you are gambling, in trading technical analysis and fundamental skills ^{(as i have said in several posts in this section)} are things that really need the rest is luck and your mood when trading ^{(it's wrong if you think that luck is not needed in trading)}

people who do not have the intention to learn the basics needed in trading will never be suitable to be a good trader, relying on luck in trading will only make you look like a fool and full of nonsense.

Most gambling games only require for the rules to be explained on a matter of minutes to get a rough idea of what the game is about and how you should play it, and after a few hours most people know already everything they are ever going to know about that game.

However trading is completely different, you need months to understand what you are doing, and that is the best possible scenario, as many traders will require years while others will never truly understand trading at all.

They only look for the risk factor but they never see how technicalities. Most of people say trading is the same with gambling is just basing their luck on random situation, they didn't even think about that their are other technical situations.need to consider. Compare with gambling that we just need to be lucky to win on those games.

People need to have separate thoughts about this since if they believe that gambling and trading is still the same maybe they will not try to learn more deeper on how to trade because the one came in their mind that trading is also a game of chance.

I believe many beginners have a perception like that about trading, but trading is not that simple. Trading without analysis is gambling, I mean if traders only rely on feelings to buy even though they can also make a profit from it.

Analysis is a very important part for traders to do regardless of whether it is technical or fundamental analysis. They cannot buy coins on the market blindly because most likely the results obtained do not match reality. Trading has never been as simple as gambling which only relies on luck to make profits.

The difference between trading and gambling is that if you have a losing trade and don't sell your coins, you still have a chance to make a profit. But in gambling, if you have lost and lost a lot of money, there is no guarantee that you can win several times and recover all the losses you have experienced.

If traders say that trading is the same as gambling, they haven't learned more about trading and trading analysis. But if they have learned about trading analysis, they have more opportunities to earn.

To profit from trading, you should learn more about analysis. Trading can be a source of steady income. Meanwhile, it is difficult to use gambling as a steady source of income. Many people have tried it but failed.

Some traders are very reckless, and the desire to recoup can constantly prevail over them. But luck will be on the side of those who always stick to their strategy and have their loss limits set. In addition, the control and analysis of each trade should always be a priority, and if one loses control, it is better to stop and take a break. If we talk only about luck, then this lady is found in many, but not everyone correctly disposes of her.

How? Please can you elaborate more on this on how not selling your coin while losing trade helps you to make profit?  Or isn't that similar to gambling whereby if you are losing a bet and you don't withdraw all your deposit, you still have a chance to make one single lucky win too.


Yes, you are very correct on this and I agree with you on this very statement of yours that while trading can be a steady source of income, it's not the same when it comes to gambling.

But despite everything been said, there are similarities between these two phenomenon, and such as;
1. They both requires capital "fund" to be executed
2. They both requires a certain level of luck and prior understanding for anyone to make a decent profit at any time.
3. While trading has a "stop-lose" feature, gambling also has a "Cashout" feature too, which enable you not lose the entire money used in staking or trading.

Actually, Trading is just buy and sull button same with gambling that is simple too which is just clicking play and wait for the result. They are both easy in terms of how they work technically.

The Analysis part only enters on trading as strategy on making profit while gambling is just based on luck for the result. You are right that trading is complicated if a user wants toget profit but the mechanics of trading which is just buy and sell is very simple too in technical perspective.

In short, if you will equip yourself with knowledge and strategies in trading, you won't rely much on luck.
And that means, you have a chance to do better in trading if you educate yourself and acquire more experience.
However, if you are talking about gambling and playing those luck-based games such as crash, dice or roulette,
then, no matter how many years you are playing with such games, you still have the same chance on these games.
And that clearly shows that trading and gambling is different from each other, you have better chance in trading if you
prepare yourself for this activity. But your chance in gambling stays the same for these luck-based games even if you know very well such game.

Only those who trade based on their luck will compare trading with gambling or say that they are the same thing. They live in their comfort zone and never want's to learn new things. That is why they think that way.
Trading is not for everyone because it's not an easy task to do. While gambling is so easy that anyone can do it. Trading requires skills, analysis, understanding of sentiments, long term planning. But in gambling, your skills and analysis does not have any effects. Gambling is a win or lose situation, where in trading we can take risk management and control on how much we are willing to lose.
Uncertainty and luck are the main things in gambling. But in trading we need knowledge, experience, skills. So in order to gain them, we need to work our a**s off. So yeah, I agree with OP. While gambling and trading might overlap on certain situation, they are totally different things.

Exactly!

This is what you do primarily thinking or something that you would really be saying about such stuff because on the time that you do make trades but having that gambler like kind of approach then sooner or later
you would really be able to realize their main differences. You would definitely say that trading does need up not just luck but rather that needing hard work and proper analysis which is something
you would be needing when you do trade. Gambling is never that something could be considered to be the same like trading.

Gambling is for fun and trading is for investment/business/income source which you would really be needing to be wise on taking up some decisions in between on which one is really that you needing.
Not all would really be that too dumb on not to notice out these differences which you would be commonly be able to encounter on the time that you would be making dealing or engagement.

I have to agree that trading is not for everyone, unlike gambling that only requires luck and then you’re good to go. While in trading you need to stick with the rules and analyze the market well, and even use the best strategies that will work on your trades to ensure profitability, but in gambling everything is based on luck and chances. You may win or lose in the end, not because you have well experienced in gambling, it’s just that some might have been lucky or gone out of luck at the end of the day. That’s why some go home with huge gains while some end up losing all their funds and go home empty pocket.

All of your points are correct, but not all traders carry out these points in their trades correctly. This happens for many reasons, either because they start trading because they are tempted by the profits that are obtained by those closest to them who trade, or because they think that trading is easy thing like buy cheap and sell high.
I've even heard of someone teaching not to do stop loss and saying as long as you don't sell at a low price then the trader hasn't lost and this is completely wrong, traders always think the price will go back up and that's the right time to sell and that's a mistake that is often made by many traders, so that eventually trading is seen as gambling because it involves feelings not trading techniques.

Trading and gambling are totally different things and they don't have any relation with each other at all. A trader is a person who has mastered the skill of trading and has gained enough knowledge about the market that he/she could have many profitable trades without any problem. The trading is a conscious thing and it doesn't involve luck as far as I know, because in trading, experience matters not the luck. A trader can earn a lot of money with a good trading strategy and a working plan. A trader can sometimes lose money when the stop-loss is reached, however a trader won't lose the whole capital in a shot if he/she is not leveraging the money as futures trader.

A gambler just gambles and that's the only definition for it. The field of gambling is highly dependent on someone's luck and is very less dependent on someone's skills. There are many casino games which are purely luck oriented and only those people who are lucky could makes profit out of gambling. The gambling is an activity that could cause addiction in the minds of the gamblers while trading doesn't cause any kind of addiction. A gambler throws the money into dust and it could all be wasted or can return with 2x or more, while a trader never throws the money into dust because a trader only places trades when market is according to his/her strategy and trading plan.

I have come across this kind of thread before concerning trading and gambling which I know that I make some emphasis there, so therefore gambling is a game of luck likewise trading so both have a similar act in terms of profit making.

Trading is very different from gambling, but if you trade just for immediate profits without long term planning, and without certain strategies to use, then you may end up like gambling. Gambling is open for everyone and you can be in profit or at a loss, depends on how lucky you are. However, with trading you can never easily trade without timing the market that's why you have to analyze the market well so that your trades will be favored by the market and not just trade against the market condition.

Gambling is risking your money to lose more since you cannot always take advantage of an unpredictable market. But with trading even if you know the market is uncertain but because you have prepared before trading and you've got weapons within you that you have been working for long, then that may lessen the risk of losing but will have higher chances to be profitable in the market by making such successful trades that will be align with the market behavior and condition.

Your argument is technically logical and I enjoy the fact that you don't understand that both gambling and trading require an ample amount of luck, strategy and work to be able to earn the best out of it.
Although, for gambling it requires most times, the right mood and sufficient luck to win big after many failed attempt.

The work involved in trading is where you get to know mindfully the right time to buy or sell asset that will of course make you profit. Where this doesn't happen, loss limited to a certain fraction is incurred. A wise trader would know the amount of funds to trade with mostly if he/she is one that follows the trends and news updates.
Whereas a gamblers fate is a result of a sooner than expected outcome.

Basically, trading or gambling isn't for everyone. Only people who understand trading or gambling deserve to join it. Anyway, I think it is not only about luck, here are many things to consider. In trading, it is required to have enough knowledge, skills, and experience. Without sufficient knowledge/skills, a trader can lose all their money and probably be difficult to determine the entry/exit time. So, knowledge/skills have a big role in trading. While in gambling, people need to understand how to manage their money and must have good self-control. So, they know how to spend money in gambling in the right way. And people also can avoid addiction if they have good self-control.

Well, regarding luck, it is actually not only in gambling. When people trade coins, they sometimes also rely on luck. Traders who trade without proper analysis and don't do their own research can be categorized as trading for luck. Since they just guess the price change, it is almost similar to the gambling style.  ;D

Gambling is always gambling; it's a game of chance where you don't need to analyze to win. You're dependent on luck, which means there's no assurance you'll be profitable. Because gambling was created through programming, most of the time you will win but then lose and risk your capital. Trading is not like that; you can trade without analyzing the market, but if you do, your capital will be gone in no time. That is why trading without a plan is still considered gambling. To be successful in trading, you must evaluate the market every time you trade with a backtested strategy.

Hmm, this is quite cool to see that for us to make money in Trading, we need to out on more work for us to get result. The question is that does this happens everytime? Sometimes as a trader, we might put more effort to analyze the market and do a lot of things and still yet, we still end up making some crazy loses.

Those who have bright understanding about the market would never stressed themselves to make money from the market since that have the knowledge and experience for years on how everything in the cryptocurrency market works. Sometimes hard work does not pay even with some much development and improve. The major and important thing is the opportunity that will explore us.

Only gamblers will classify trading and gambling together, gambling is different from trading but they have some similarities still that doesn't make them the same. Having luck by your side helps in both trading and gambling but you don't need to depend on luck when trading instead you depend on your knowledge as that helps you to interpret the market and make better calls that'll help you make profits from the market.

Gambling don't need any learning, anybody can make money from gambling during a long times but if you don't have the knowledge of trading you might get lucky your first time trading but as you trade continuously your flaws will exposed and the market will punish you for that.

I don't think that trading requires any kind of luck, it's a pure skill-based approach that requires hard-work and experience.  I agree that trading requires a proper strategy to work successfully, but in case of gambling the luck factor is far superior than strategy. I have seen many gamblers loosing a lot of money even with a very strong strategy, and on the other hand the gamblers with same strategy earned huge profits. Trading is a learnable skill and anyone who give enough time to learning and gaining of experience can make some good profits with the help of trading.

A wise trader is the one who studies the market and is well-aware of the volatility of the market. The strategy a trader uses depends upon the conditions of the market because you can't use same strategy for bull/bear market. Both of the market conditions require different approaches that a trader should master in order to earn consistent income from trading. A gambler is just a gambler and he/she could lose a lot of bets if luck isn't in their favor. Although, I agree that a gambler could save himself/herself from huge losses with a good strategy, but when luck is totally down then no strategy will work for the gambler.

Have you never traded Bitcoin? When you experience a loss after buying Bitcoin, do you immediately sell it? We always recommend not selling Bitcoin when the price is declining because the potential for a Bitcoin price increase is higher than other coins.

It's not gambling. For example, now you buy at $ 28k, which costs $ 25k, and you have lost $ 4k. But the $4k loss can be recovered when the Bitcoin price returns to $28.5k or even higher. But the condition is that you don't sell when the price drops below $28k.

Only Bitcoin can do that, while altcoins cannot. And when I say if you have a loss and don't sell your coins, you still have a chance to make a profit. That means the coins that I mean are Bitcoins and not altcoins. I hope you understand what I mean.

That's what we're learning to trade for to find coins that we can use and have a bigger chance to make a profit.

But in gambling, even though gambling games can provide an opportunity to win compared to other gambling games, that also doesn't guarantee we can get a win. And we also still have the opportunity to lose in gambling. So by trading, your chances of making a profit can be greater than gambling.

But if some people still want to use gambling to make a profit, that's also okay because at least they already know the risks. So whatever we choose, we should already know and be able to accept that risk.

See how easy it was for you to say😂

I’ll give you an assignment, go and do all what you just said and come back sincerely to tell us what the outcome was

SL or no SL, losses are losses, if you set SL and you lose $30 on 5 trades, that’s $150 already

Has the SL helped in anyway?
No, just that you haven’t lost all your margin at once

The crypto space is so volatile, no one knows it all, a single tweet from Musk or US SEC can overturn the whole crypto market

It’s not as easy as you think it is

Those who compare trading with gambling are actually unaware of what actual trading is and they probably only know about meme coins and buying and selling shit coins for profit which is obviously a gamble with your money because there is no research, no analysis and nothing that can actually let you know if you are going to get any profit or not because their price movements depend on community hype and that cannot be predicted.

Actual trading is done on cryptocurrencies that have organic growth and are volatile based on supply and demand and many other factors, people use charts, do research and analysis, watch for news and events that might affect the prices and place their trades based on that. Gambling is nothing more than a game of luck.

Both gambling and trading are really risky, but because there are only two options (buy and sell) to gain profit, they then try their luck at it, which is far worse than gambling as it will really drain your money or your account. Also, luck in trading: if it works in your first trade, then you are really lucky, but it will not last long if you are just basing it on your luck. You will really see the result in the long run or a couple of trades if you are just basing it on your luck.

Most of the newbies who enter the crypto business are gambling with trading, they think it is the same as gambling. But this is where they make a mistake with this mindset, so usually, when it comes to the actual trade, others realize that what they thought was right was wrong. So the result in the end is that they lose money in their trading activity because of the wrong belief.
Because trading it takes time and patience to lead you to the profitable trader which is also called of course.

Trading and gambling may have some similarities, but they are not same.despite the fact that both trading and gambling involve luck, someone really needs some knowledge of cryptocurrency trading before they can start trading and able to make profit but gambling is something you can do without any no knowledge and when you are lucky, you win. So in gambling, it's just a matter of chances and lucky, so any one gambling are  playing it  with odds that they may think it will favor them, but in trading, you need some skills and go through some analysis before you can become successful.
 

gambling and trading have always been very different things, so much so that many people who start to trade are faced with a scenario in which they cannot make many profits, in most cases people are having a lot of losses and there is no such thing as luck in trading, things like putting 100$ and turning it into 1000$ in 1 million dollars does not exist in trading, so just because it does not exist you can already see that trading is very different from games of chance, for example in the game of bad luck talking about casino games like clinker, the person can put 1$ and if he hits the biggest multiplier that person with 1$ can have more than 30$, and there are people who put in 1000$ and win more than 30,000$

in sports betting for example, a person can choose 10 games and place it in a multibet bet and with that have a 50x odd, that person places 100$ and when he wins he will have a good amount of money, so that is not seen in the trade, that it does not exist in the trade, unless the person buys some altcoin and does hodl for many years. trade is something that requires knowledge, and you don't gain anything in the long term, you only earn when you do hodl in the long term. so both trading and gambling at the end of the day both are high risk

Even though people think inflammation is synonymous with gambling, in practice the two activities are different in carrying out, trading is still trading and gambling is still gambling. Trading is more flexible and measurable in generating profits, but must be based on correct knowledge in practice, while gambling is just a much bigger gamble that does not have a specific method for carrying it out.

Stop loss or adjustment is a step to avoid losses in trading activities and in gambling you bet with a different scheme in the absence of a special strategy, this is what makes gambling differentiated between trading activities.

Intelligence analysis and experience will increase the ability to manage trading activities and obviously it will affect the course of trades that we make and trades can adjust our own rules regarding Stop loss or trailing stop.

This "trading is gambling and gambling is the same thing as trading" kind of arguments often emanate from hardcore gamblers who seek justification for their losses as a way to get even with those who try to discourage their gambling habit. You're right about the difference in both – putting in the works in trading while gambling relies on luck. We know that in both (gambling and trading) losses and profits are made but we should also note that while one sells a product (trading), the other only sells an emotion/expectation (gambling).

trading is trading and gambling is gambling, it's true. It won't be any different, but some people trade like gambling because they don't have any knowledge in trading so they just make guesses, up or down. this will be more similar if you trade futures, Long & Short and it will be done easily by anyone and will lose easily. Real trading is about analyzing coins to predict where they will buy and sell, not just guessing. Gambling is just betting that doesn't have a definite basis of knowledge because gambling only relies on luck and everyone's luck will be governed by the gambling system.

If we are talking about the literal gambling then yeah there were only two types of it and you already said it but other activities and aspects in life do also have gambling involved. In trading for example, there is also gambling because sometimes the market is unpredictable.

Casino games requires knowledge too because how can you play the game and win, if you don't have it? And then there are a few casino games which requires more knowledge and skills. Not only trading but the two types of gambling we talk about earlier, do also require a hard work. There are also automation features which are also available in trading. It can be inside the system or by using a bot. It's up to us, if what we will prefer.

Yes, there are people who consider crypto trading as gambling and to some extent it does look like the same.
But when we actually start trading by learning the fundamentals and technicals and do our own analysis only then we know there's more to it.
The risk management plays an important to cutting losses and maximizing profits in trading.
When we start using stop losses and take profits according to our strategy then keep evaluating and revamping our strategy then we find out it's not like gambling.
We do have to work for it to get us money.

Therein lies the problem that makes people equate trading with gambling, Long and Short in fact it requires knowledge to live it and not everyone is suitable for trading. When they are trying to guess it means they are betting and this is the reason people say trading has little in common with gambling, whereas when directly involved the practice is different.

Analyzing requires knowledge so that buying or selling predictions can be done correctly, although sometimes when doing this it doesn't always go the same way and isn't always right. We will never encounter strategies in trading when we are not directly involved, because studying theory alone is not enough to provide experience.

The difference need not to be proven since it is visible and logical. Trading is work of facts, real volumes, events, virtual and physical changes in any assets and much more. It is mixture of those things which drives the price of that particular asset. It takes up more than that to decide a future of asset and it’s pricing. While on the other hand gambling is pure luck, house edge status and your decisions while playing. It’s a game with luck and nothing more. You can’t decide if the rocket is going to crash OR whether a slot will give jackpot in the next move. It keeps running and running until the time we don’t quit it. I see no similarities or ways to compare both of them. Not sure how people are calling them gambling ?

On the time that you would really be engaging on both things then you would directly find out on what are the differences in speaking on how gambling is been involved even though its not literally means about it but
in the sense that there are factors which couldnt really be predicted then there's the essence of gambling which it could really be seen on trading too and this is why there's really a significant similarities on this part but its true that application would really be totally that different on how its been done due to some factors which could really affect out winning chance or profitability chance in between trading and gambling.
Luck does play a huge role when we do speak about gambling because we know that if we arent lucky then for sure we would lose and even on trading because due to unpredictability and total randomness of this
market then you cant really be able to tell on where prices would be going which means that you do need to gamble to make out some analysis on where it could potentially go but of course you are
already applying out on having some analysis which it would really be lessening up the risks compared on making up a position without having any analysis at all.

Both gambling and trading actually require luck, since you can’t also expect for your trades to be successful if it weren’t luckily favored by the market. While gambling is purely based on luck, trading is more on working your skills and strategies in order for your trades to succeed, and also with the help of luck. If you’re not having preparations when you trade, probably you are gambling in reality and not actually following the steps in trading.

Well what you said makes sense, but how many traders act like that and treat each one of their trades as an object of study from which they can learn to improve their strategy and earn money as well? Very few, many traders out there trust on their gut feeling, the signals they can find on a telegram group or they invest in meme coins and hope for the best, and the only way to categorize their behavior is as gambling, not that there is anything wrong with gambling itself, it is just that the markets are not really the place for it.

Everyone needs luck in any activity including trading, investing, and so on. Even someone who applies for a job with a limited number of participants also hopes for luck instead of relying only on his knowledge and skills, so the word luck applies to whatever we do and do in our daily lives.

It's just that if traders only rely on luck, then they only gamble on trading. Ideally they do their analysis and make a good decision, but if they buy just because they believe it will be profitable then clearly they are bet money on the trade.

Trading needs a long term preparation before you start to risk yourself in it, and by investing on yourself first like gaining adequate knowledge and essential skills as a trader, you will increase your chances to be a successful trader in the making. However, luck is what we only need in gambling, no need to study and be expert when gambling, because as long as you have that luck you will be in profits, and once you have gone out of your luck, then prepare to set yourself into losses.

^ You have raised an interesting point.
In gambling, luck often plays a significant role, as outcomes are primarily based on chance.
However, when it comes to trading, while luck can occasionally play a minor part, it is generally not the determining factor for success. Trading requires a combination of knowledge, skill, analysis, and diligent effort. Traders need to study market trends, analyze data, develop strategies, and make knowledgeable decisions based on what they have studied. It's a proactive process that involves continuous learning, adapting to market conditions, and managing risks. While luck may occasionally favor traders, it is their hard work, discipline, and expertise that ultimately contribute to their success. So, while luck may be a factor in gambling, trading relies more on the dedication and a preparation plan tat includes a stop-loss technique.

Luck is indeed significant on what we do engage in life because there are even real life decisions on which we do need up some luck for us to get the most benefit or advantage.Somewhat this is really

that relevant when it comes to investment matter on which luck would really play a significant part.Talking about cryptocurrency then it does need analysis and at the same time it would be needing some sort of luck for you to become profitable. We know that this market is really that unpredictable and totally random on which every situation and condition would really be entirely be depending on how this market ends up.

With trading then you would really be needing to make some hard work or simply having the analysis.You cant really just make yourself make out some trading position
without having some considerations or analysis because it would really just increase the risks of losing money instead.

I also said this in another thread. Indeed, luck is not the only factor that determines our success in trading or investing, to succeed, we need knowledge, careful calculation, and our own efforts. But we also cannot succeed without the element of luck to help, luck can be said to play a pretty important role in anyone's success. Not only for this market, but even our lives are unpredictable, and there is no recipe for success without luck.
But don't think that just by luck, we will succeed without effort, luck only comes when we try our best. So in trading or investing, we never stop learning and experiencing things.

Trading needs you spending time researching and understanding how the market moves so when you make your predictions you get to be right to make some profits as you trade. Trading can't be done by just waking up and having the feeling to trade, you have to go through several weeks of learning and mastering trading before you can become profitable in trading. With experience from past times of trading then you can become very profitable.

Gambling doesn't depend on your experience as both a professional gambling will lose when he doesn't have luck on his side. Gambling doesn't get better with you experience as trading does. Gambling is just luck as your previously success doesn't determine your future profits.

Luck is also needed in trading, since the price is very unpredictable and technical analysis ain't always on point for us to make profits.

For me the risk in gambling is much more large than trading, since it could be manipulated by the house in some ways we don't know for them to make bankroll every single day. Trading is all about efforts and dedication, the skill set is your weapon to analyze thoroughly before entering a trade, in short, the chances of winning in trading is larger than in gambling, in my opinion.

Trading and gambling are two different things entirely but they do have the same risks. Just the way,a gambler can be addicted to gambling,a trader can also be addicted to trading to the point that even when the market is not profitable,he will continue trading. However,trading has more benefits than gambling when you become a professional trader,because you will have your own strategy for trading in order to making daily profit,which is possible. Gambling can never have any strategy that will make one win all the time. Gambling can make you borrow funds to gamble or sell your property to gamble,but I don't think that I have heard of any trader who sells his property or borrow money to trade.

Well, the number 1, 2 and 3 points are very correct, but the last line is rather not entirely true, yes, trading is not gambling, and trading needs work while gambling relies on luck, there are still some games in gambling that does not entire depend on luck, it requires the player to possess a good playing skill of that game, and that skill can also be likened to as work, since it's something the player have to spend time learning.

And one the aspect of trading, trading still require a small level of luck, all the work without luck can still result in a loss, yeah, though luck in trading is totally invisible, but that does not mean it's not there, there are traders who put in all the work and still lose a trade, not that they did not work hard enough, put simply luck wasn't on their side.

To what you said yeah people just mistake the both to be one thing when they try one and it didn't go their way as planned and so to the next one it didn't work too they will start to compare, trading has a lot to do and when you are a trader you get to know you have a lot of task to put to place for a positive result, i dont really know or understand much in GAMBLING, i guess this is something you do without having the knowledge if it will turned out good or not. i prefer to loss money in trading than gamble it... i believe Grambling has different areas if am correct just like BETTING right? or the aspect of putting all your EGGS in one basket to a certain kind of project someone some where introduced to you.

for some gamblers, the gambling they do also requires work. even in certain gambling it also requires skill. but the results might make a difference in how trading really won't depend on luck alone. different from gambling, which is that after we place a bet, we can only hope that the bet wins.
still, we can say they are different if we do both. then you will know where we gamble or trade.

I think the problem with people trading and gambling both is that they do it with the mindset of gambling. If you apply proper rules of risk management in both of them, both can be really profitable to be honest or atleast won't be big loss making ventures. Trading only difference is that you can actually move the factor of chance on your side by some strategies and main aim is obviously to get that strategy right and after that make sure risk management is correctly used as well.

If we are really that going after on being profitable then trading would really be worth of your time since you could really somewhat assure that you could be able to learnt up the skill needed overtime unlike when

you do gamble on which this would purely be relying on luck most of the time.Trading does need up some luck too but mostly it would be pertaining or depending on how well you do make out some analysis
and making up some trading decisions which is something that would really be mainly needed on the time that you do really get involved with trading. Dont make trading to be a gambling because making up
some blind positioning on the market or having no strategies that had been followed then it would be considered as gambling. You are really raising up the risks on losing money
just because you had missed out on doing the standards.

Dont make up some rush trading because having that desperate mind on making profits would really be just creating some errors and mistakes which we do really need to avoid in the first place.

Yes so in other words when we bet there is no turning back we just need to be sure that our bet is on the odds where it will be winning. Trading can have Stop Loss and DCA so not unless you withdraw it or it is nothing left it is considered paper loss if I am right with the term. People can be rich in trading but not in small span of time , there will be losses as well because we all know market is volatile.

Yes, I quite agree with this. Not all gambling activities only require luck, there are some that are also based on analysis and also the skills of the gamblers themselves. Meanwhile, luck can be regarded as one of the bonuses that gamblers sometimes have. because the truth is not everyone will always get extraordinary luck. And this also can't be set up anyway to always get luck. therefore gamblers must also be smarter for every strategy and trick used.

One critical thing that differentiates Trading from gambling is that in trading, you are in control and not about influencing the market, but in management of your trading decisions, basically about when to enter and exit the market, when to seize a profit, and when to close a losing trade. You would have more chances of profiting in trading than you would have in gambling if you put more effort into learning about trading, whereas in gambling, even when you are good, you can't change things, for example, in football matches, the players do not even know what will be the outcome of their game.

They both are different but some people mix them like trading is also gambling but it's entirely wrong because in trading lot of strategies, research is involved before making any decision and then you have to observe market chart patterns to earn profit but in gambling you place bet and just wait for outcome which will give you profit if you are lucky otherwise you loose your money but that's not the case with trading.So we should not mix them because one is mind game with little luck but the other is luck based only if we leave behind strategy play games like poker.

Skill is also needed in gambling, but it depends on the type of game you are playing. Trading depends both on a combination of luck and skill. We cannot take away that no matter what. Maybe it would be in the ration of luck 20% and skill 80%. The reverse is the case for gambling. I do not think I have seen a book on gambling but there are so many for trading. The main difference is that you cannot get addicted to trading such that it ruins your life but in gambling one can easily get addicted it destroys their life.

When it comes to gambling you are given a set of odds by the casino and you have no other choice but to accept it and play with them, but trading is different in the sense that by just waiting you can change the odds of your trade being profitable or not.

This is done by taking the most optimal entry point that you can, and in the most perfect scenario you can get, like those buying at the bottom, your chances of winning are of 100%, something which is simply impossible to have on any gambling game.

That's why gambling basically won't give you consistent profits on an ongoing basis,
obviously it's different from trading because we determine the profit or not,
so don't expect more from gambling and it's just a waste of time.

This is only if you really understand trading. But as a rule, the trading of beginners is similar to a casino, since there is no market analysis, which leads to the fact that they blindly open a 50/50 order either long or short. And some manage to multiply their deposit before they lose all their money.

Trading and Gambling are fully different and my opinion is that trading is more effective and profitable if someone trade with proper research and have strategy with risk management. Trading also required luck oftenly because market can be manipulated by good or bad news and by the whales. Gambling is more risky because here you can't analysis but can predict and can't have option to use stop loss.

But now most of the new traders are doing trades like gambling. They often enter in the market without maintaining any support or resistance level or sometime rush for fomo buying. Without analysis and strategy trading is more dangerous.

Sports were introduced to enjoy after working day and night for a long period of time some moments of joy were with football, cricket, and other sports but these days people ruined the fun of the sports. Now whenever a gambler watches the match rather than enjoying the moments he always prays that the match should go in the favor of the gambling position. Gambling is a moral disease, trading is not addictive but gambling is because people find easy money making here in trading, the case is completely opposite here people need to put in the effort, same as we do put the effort in providing sort of services.

It really depends on the individual choice of what a person wants and how strongly he has control of his emotions and moral values. Gambling sometimes costs you your life I have personally seen many incidents.

Before you can trade with proper research and good trading strategy, you already have to pay a lot of costs. Costs from learning good courses, paying for losses with your early trading months and years. I hope new traders can cover those losses and can live well before they can have enough skills to get profit.

Now? No. New traders are always trading like gambling. They don't learn with trading courses, don't mind about technical analysis knowledge and they only trade because they follow someone signals and believe that they can outsmart the market.

This gambling style is more popular in cryptocurrency market where they can be exposed with many x20, x100 or x1000 stories.

well, when you don't try harder in trading, and only guess, then buy altcoins without knowing about the information about these altcoins, then you will most likely get a loss. If the price goes down, then you are lucky, but when the coin becomes a scam, then you will say that crypto is a scam.
quite a lot of people think that trading is the same as gambling. well, they baselessly say that. quite a few people are creating classes to teach others about trading and how to trade from all aspects. in fact, some people are willing to pay to get information about what they are going to trade.

Both genuinely involve certain risks, so luck is still required. However, if we have the right knowledge and skills in technical analysis and know how to handle market volatility, the risks associated with trading may be bearable. We can use precise, well-known techniques when gambling, yet the outcome generally depends on luck.
When we trade with a thorough grasp of what we are doing, we can reduce the risk and have confidence in the outcome, but when we gamble, even with thorough research, especially in sports betting, the outcome will always be uncertain. We can do both things at the same time but we must be willing to learn how to properly deal with their risks of else there's a huge possibility that we could lose all our funds with just one wrong move.

One of the easiest ways to know if an activity depends completely on luck or not is to see if such a skill can be learned by others, so if for example a lottery winner tried to tell you how did they do it, will you be able to obtain the same result? And the most likely answer is no, however if a successful trader taught you how to trade the markets, will you be able to become a successful trader? And in this case the most likely answer is yes, so that should tell us that there is a significant difference between gambling and trading.

Obviously lottery is not the same, but maybe poker? Because to be honest at poker you play against others and not against the house. So if a poker professional ends up explaining to you how they would make any type of change, you are going to obviously end up with learning a few tricks at least, doesn't mean you are going to make a profit right away, you may still lose, but you will become better, but you can't be a "better lottery winner" type of thing, that's pure luck. This is why there are always gray areas when we are talking about these type of things. You can't just have one answer to respond all the questions, sometimes its true, sometimes its not, depends on the situation at hand and should be considered one by one instead

Yeah, it has been an argument several times, both on this forum and outside here. Some people think that as long as one can gamble, they can also trade perfectly because they can just choose a coin to buy and sell off if the price just grows a bit. But gambling requires a whole lot of knowledge and ideas put together before you can make some more successful trades; otherwise, there will only be losses to encounter. Gambling is a pure bet on luck, almost 99% luck and just 1% skill. No matter how much skill you have in gambling, you will not make any win without luck on your side.

Little bit of luck helps a lot, it's not even for gambling only. Sometimes when you do everything in your daily life even on your job, you need little bit of luck so at least you can do your stuff better. You can't search for luck or anything, it just happens in your life(that's why there is a term of unlucky), it's not on-topic but you got what I mean.

Trading requires more of knowledge and analyzing instead of relying on luck but still sometimes there will be one day you will lose and the other day you will not. It's pretty normal in trading and I'll take that as a experience.

You're right, trading and high-skill gambling like poker share similarities in risk management, decision-making under uncertainty, and the need for skill development. Both require strategy and discipline, not just luck. Interestingly, many professional poker players transition into trading due to these parallels. However, unlike gambling, trading allows for more control over risk and analytical strategy implementation. They're not the same, but they're not entirely different either.

Gambling is in general an entertainment business. Casinos like ours provide players with the thrill of the chase, however, for some it grows into addiction. Healthy gambling with good risk management and size control can be quite a pleasurable (and sometimes even cheaper) experience compared to going out and partying.

Nice advertisement for gambling since you are from a casino but still I don't consider gambling better than going in to party because having a social life is still the best source of entertainment than soaking myself on bets that gives me risk. No offense but I really enjoy playing gambling, in fact I'm always gambling right after I meet my friends for a couple of drinks but I won't partying to gambling because it gives more entertainment to socialize with other people.

But hey, We different preference in terms of how we get entertainment.

Hi AbuBhakar,

Your perspective is absolutely valid, and I appreciate you sharing it. Different strokes for different folks, as they say.

Just like you, many people find the thrill of socializing and meeting new people more engaging than placing bets (I know I do). The camaraderie, laughter, and conversations we share, when we go out with friends, are indeed irreplaceable.

Our point was never to pitch gambling as a superior form of entertainment, but rather to acknowledge it as an option among many. Each person has their own ways of seeking thrill and enjoyment, and for some, that's a hand of poker or spinning the roulette wheel, before calling it an early night and preparing for a productive day tomorrow.

Ultimately, whether it's trading, gambling, or partying with friends, it's all about striking a balance and doing what brings you joy without neglecting other aspects of your life.

Stay safe and have fun in whichever way you choose!

Yes, luck is needed in almost all the area of human life or activity but we shouldn't forget that luck doesn't just come in and always come in after man have applied his own knowledge. Therefore, knowledge is what is needed first either in trading, gambling, or other business niches after the knowledge and some hard work then luck comes in.

In order to profit from gambling, one should have some understanding of gambling in addition to relying on one's own luck. As much as imagination is needed, luck is needed. But in the case of trading, nothing will happen if we depend on luck, but if we trade depending on luck, then we will suffer more in that trading. To be successful in trading, zero percent is dependent on luck and 100% of your skills must be used. One should never get involved in trading without having sufficient idea or knowledge about trading. First we need to know about trading after getting full understanding about trading then we have to get involved with trading then we can get success.

If you plan to get lucky with trading, maybe it's better to come to the casino instead. At least you don't have to wait months to know if you are winning or losing. Trading without a strategy or at the very least a plan is gambling. If you ever fomo'ed or sold at a loss (in a panic) you were gambling.

Yes, trading is not gambling. i agree 100%
Yet again, you need a bit luck in every endeavors so No, you require work + luck to achieve climax in everything you do including crypto currency trading. Every day, every month; we all together read news about bitcoin funds being liquidated in futures (the individuals whose funds were liquidated are traders, qualified and competent one too).

I always say that in trading, you do not need to be perfect but excellent; and need a bit of luck too. it doesn't take away your competency

You're correct, trading can be learnt. You can decide to learn how to trade and dedicate some specific amount of months to undergo serious training where you learn all that's needed to become a professional trader and you do all this with practical and not just verbal. In the simplest of terms, trading is a skill while gambling isn't. You can learn from the mistakes you made while trading and try to improve on them but when gambling, learning from your mistakes won't mean you'll have a successful bet the next time you gamble.

Gambling shouldn't be compared to trading, just because most traders gamble when trading by making decisions based on how they feel doesn't mean that's how trading works. This type of traders don't last long in the market as they end up losing majority of their money.

This is a very important difference for trading and gambling. Apart from the rigorous time of proper and professional learning of the ropes which are so many to mention, from learning the general market analysis, currencies and coins interphase and interaction like $ especially, you now begin to learn how to operate on the trading platform or channel, how to place orders and what have you including stoploss, take profit, trailing stop, all the buy limit and sell limit plus your emotions all have to be learnt. Most important difference therefore is you can learn or relearn on the mistakes you made but I don't really know if we can call anything mistake in gambling rather we consider it as bad luck on that day.


Any trader that gambles on the trading will keep gambling on it until he learns how to use the non gambling features of trading.

Understanding trading is a very tough task and too many people think that they really understood it when in fact they didn't. Not realizing that you are still far behind and you still need to learn so much about trading is a big ask, and not a lot of people will be able to do that.

It is going to be pretty daunting task to learn all there is to learn about bitcoin and trading, but you need to do that in order to be good at what you do. People cut it short, and try to find a loophole on getting rich. Unfortunately bitcoin is not a get rich quick thing, you need to study for months before making a single trade, if you ignore that and start trading right away then unfortunately you are going to end up with a lot of trouble and won't make any profit.

Obviously there is nothing like Stop Loss in gambling unlike trading where a Stop loss can be placed at a few distance from the last swing, Resistance or Support with a specified Take profit, you can place a buy or limit order this is not applicable to gambling.

This another important aspect of trading risk reduction is very helpful when a trader account is getting low or nearing margin call or liquidation a trader can reduce the lot size or leverage thus with another opportunity to recover losses which isn't available with gambling .


With proper chart analysis trader a trader will in most cases have an edge over the market because trading analysis is very helpful in determining price direction of course there are different types of analysis for traders.

Unfortunately some newbie traders don't want undergo the rigorous journey of learning how to trade they rather prefer gambling which they believe is the easiest means of earning quick money.

You should instill this thought on your mind that trading isnt gambling on which it doesnt really need that gambler like approach on the time that you do make out trading because if you do then you would definitely be

putting up yourself into trouble since those trading position of yours would really be most likely be ending up on losing money instead of earning.If you dont have plans on doing hard work on trading then better you should be dealing with gambling on which it is less hassle and less complicated but of course everything would really be relying on luck on which it is something that you would really be doing when you do gamble.
Trading is different which it would be needing that different approach on which it is something that would really be that normally be making those strategic approach which would really be
putting you at advantage.

Trading and gambling could look like it's all depends on luck but it is not. For us to win in gambling might require us to develop more luck skill than when you compare to trading. Trading is very different but sometimes there are people who are very luxky so they could keep making profits from trading due to the luck they gave. This is why hard work pays in trading. You need to get prepared and analyse the market at the early time before decide to get into the market to start trading. Trading is like a quick way to make money, that is if we know what we are doing. That is the reason why many persons would always to learn trading.

That trader should have just gambled instead of gambling but, if he insists and continues doing that. It's for sure that he'll learn that he shouldn't be doing that.

And instead, the lessons that he'll learn will be there but it's gonna be quite expensive because if his approach is just like he's gambling, that's a terrible idea and should have just gone to casino instead of trading platforms.

For sure, the mindset of the trader is only gambling, and he just thinks that the strategy in gambling is the same as in trading, which we know could lead to big losses. Also, if that is his mindset, for sure he will learn a valuable lesson (if he reflects on those mistakes), as it may work at his first trade, but for the next trade, for sure, it is against the trader. But right now, most of the traders are aware that trading is not like gambling unless they are super lucky and win their entries, but most of them are developing their own strategy for their trades.

You can define in an easy way gambling and trading, in trading you are using all of your knowledge, skills, and experience and execute those in your target position. This now depends on the market price movement. With the help of technical analysis, you can make changes to your trading plan or hit the base on your plotted prediction, its not a hundred percent accurate but it has the chance to know the possible next move of the market, in gambling you are letting yourself that the machine makes an earning to you but this is by chance because its an auto-generated unless you are playing with the strategy game. Still, you don't have a clue what are the cards or strategies other players will do to win. Its seems like knowledge versus luck in that case.

which is why the OP said trading takes work. and traders who have gambled also must be able to tell the difference. those who still cannot distinguish between trading and gambling, I still believe that he is a novice trader. or maybe he managed to make a trade by his luck, so randomly set up positions to sell and buy and coincidentally made a profit. so he can't tell the difference between his luck in trading and his luck in gambling.

Having no experience and knowledge from trading, you will simply think that it is all about luck like how gambling does. But this will eventually change once have an experience and there to find out that trading never works as we like if we don't work on it. In fact, we have these trading tools as necessary which we don't use in gambling and that is because the two are different things.
Until there are people who got into trading without product trading education, luck is always on their mind and their actions.

We know that trading and gambling are not the same. The others here are trying to say that trading is like gambling, when trading becomes just like gambling, you are not betting here, you are a trader in trading. Whereas in gambling there is nothing like that, as long as you bet and if you are lucky you will win instantly and you will have an immediate income.

While in trading you need to develop your skills here, you must know how to use the tools that are used in the trading view or any exchange platform so that you can trade, and use this analysis either technical or fundamental. Why? is there technical and fundamental analysis in gambling? isn't there anything?

Trading and gambling can never be the same. Trading is a business. For example, if you buy a product physically for business purposes, you can never guarantee that you will always be able to sell that product at a profit because market conditions may require you to sell it at a loss. And you can hold that product without selling it until the price rises again.  Trading is just like that only here you have to buy a digital asset without buying any physical product.
But in case of gambling it is completely different, in this case you have to make a prediction and if your prediction is correct then you can get multiple times of your staked money as odds. and if your predictions don't come true, you lose all your money. So of course trading and gambling cannot be one and the same

Opinions about trading and gambling I often hear from several people who think the way the two work is exactly the same, according to them the aim of trading and gambling is to multiply the money spent.
But in my personal opinion, this statement is clearly very different, most people who gamble get their wins based on luck and with a little skill, they risk their money by playing with many people or with the gambling platform system itself.
And trading itself makes purchases at prices that we set with the achievement of profits that we can measure by itself according to the achievement of the desired target

There can still be beginners luck which also happens in trading. But then, realizing all of the things that circulates in trading, it's not the same as gambling.

So this varies from the point of view of a gambler looking at trading and a trader looking at gambling. The thought that it all starts is because both do agree that the risk is there.

And that risk measured depends on the outlook of the person looking at it.

Both requires luck as the goal is to create multiple profits but trading demands more of a working process and a long time preparation before you finally decide to trade and risk your money. That’s why since trading needs more analytical and fundamental skills to trade, the probability to be in consistent profits is high unlike in gambling that you can just risk your money until everything is used up especially if you are gambling without control and discipline. However, if you trade like totally gambling, like you don’t need knowledge and skills to succeed, then you’ll end up like almost all gamblers experienced.

Trading is a lot more complex than just gambling and you have to develop the best within you so you can trade and expect positive outcome. Which I think very rare to happen in gambling since all you need is a handful of money and you’re good to go. With luck on you, you’ll be taking advantage and make multiple winnings but if you’re unlucky, you will leave the casino with empty wallet. But with trading, everything is different. You need to work hard to gain the requirements before you trade so you’ll be trading while minimizing the risk from losing your money.

Yep. we do really have that beginners luck on which it would really be just that normal that we might be able to experience some wins or profits on initial engagement but on the time that you would really be doing this
and turns out that you are experiencing losing money then this is where realization would really be happening. Gambling and trading might be having some similarities when it comes to risks but the level in between both
things would be different.

There is a right approach when you do trade and theres a right approach when you do gamble which it is really that totally different. We know trading is for long term and gambling is for leisure and entertainment.
You cant really be able to collide both things to be similar because it is really just truly that different. Trading would really be turning out to be a gambling is on the time that you wont really be putting
any analysis with your trading decisions which is something that we do really need to avoid. You would once realize these things when you do have that actual dealing with these things.

Working hard to be a great trader is time consuming and mentally draining job. I know a ton of people who tried their best to be a better trader and eventually they got burned out from all the hard work required for it. I understand the feeling of it because when you work that hard, it becomes very tough to keep it going for a long time as well. It would be wise to just give up if you can and do a better job when you get the chance. If you can give breaks here and there then you are going to be doing a lot better, just constantly working on it will not make you better. Thats why I believe if you do something better, I think it will become a bit harder to fail if you enjoy it, and if you want to enjoy it then you need to make it fun to study, and breaks are very big parts of it.

well, apart from that in trading, the number of coins we hold will always be the same, it's just that the price will be different. in a casino, you will lose all the money you have when you lose, whereas in trading, the amount of assets you have remains the same, with changing values. Well, the big point is, in trading, you buy something in the hope that the price of the thing you buy will have a high price. We hope not without foundation, but look at the conditions, benefits, and many things from the products we buy. Meanwhile, in gambling, you are actually risking the money you have on an option, where if you choose the wrong one, you will lose all the money you have in an instant.

I think your explanation is correct and what is clear is that gambling only requires luck to win,
for trading obviously it does not apply because we need to have the knowledge and skills to support,
Trading is much friendlier than gambling.

Trading and gambling must both have financial management and risk management, it will affect the results or profits. Although gambling will also be affected by luck. Trading depends on how we analyze the market, develop strategies and how to use capital to trade by taking advantage of any fluctuations.
Trading also has a considerable risk of losing, but it will be gradual unlike gambling which will be lost in an instant. But when it comes to futures trading, it is also dangerous, the use of high leverage will make capital liquidated if the prediction is wrong and the funds will be lost all.

To succeed in what you do, you need strong passion for it. Passion is the key to success that is if you are enjoying what you are doing. Some people only want to force themselves into trading because of what they feel will come out of it and they don't go through the process judiciously. Management is important skill in trading but giving up is an option if it won't work.

It's not possible to tell when luck will come or how long it will stay if it's already there. This is why people are advised to not depend on it but we should only depend on the things which are more surer every single day. Like for example by working on an office job, you are always guaranteed to be paid daily as long as you show up and do your job properly.

Stable results will depend on some activities only. Not all times they are available so people should accept the reality if they don't want to suffer. Learning and experience are both needed in trading but despite of it, making the same amount money from time to time is still not guaranteed but it's better than in gambling if your goal is to make money.

Gambling needs no experience because it is consider that if the luck of someone is better then he will win otherwise loss will he his future. On the other hand when you take step towards trading then you have to learn that what strategies to apply and at what price you have to sell and buy your coin.

Gambling is easy but it's full of risk and disadvantages whereas trading is hard to do and learn but it's not as risky as that of gambling and it will definitely gives you profit if you manage risk factors, indicate the right time of buying and selling, have eye on price chart and having previous experience in trading.

Mostly people try their luck in the crypto currency gambling,because if you get money in gambling sites.It’s easy to gamble and multiple it easily.But gambling based on luck,So it’s possible to lose some funds too.The odds should be adjusted based on the probability and increasing about the fixed odds are always risky one.Analytical skills is essential one for the traders to earn some money from it.

Yes trading is more than relying on luck as there are many things to prepare,
knowledge and skills will definitely support which in gambling I don't think it's used,
in gambling for me like purely relying on luck alone.

For some, gambling isn't a leisure and entertainment. We just have to accept it that it's not for us and there are people that don't gamble just for those but for livelihood.

Those are the good gamblers that have made their ways to become professionals and there's really existing people that are into this business. They're making more than what some other traders make but there are also traders that do make more than these gamblers.

Unfortunately very few people will choose such a path, if you could somehow offer a person the chance of becoming rich right now with very low odds of this happening, or to become rich on 20 years but with a very high likelihood of happening, a great deal of people will choose the former over the latter.

Basically people want not only to get rich, they want to reach such riches with no effort and as quickly as possible, a dream that is almost impossible to accomplish as those which become that wealthy take a very long time to reach their goals.

Learning how to trade is a big task, not a lot of people can do that and I believe that it is going to take a while before people really learn what they are doing. I know that it is not going to be that simple, but I know it is going to be available to focus on what they could potentially do. One of the biggest examples of this would be making sure that we are not really trading what we know, we are trading what we think we know without learning.

If you end up learning it well enough then you are going to end up with a trouble beyond measure. I hope that it gets to be a situation where everyone realizes that learning is a core part of trading. Gambling on the other hand? You do not need to learn anything after you learned the rules of the game.

That is why I don't force someone to get involved in trading if they know that they can do the job and carry the risk. And it was to know that trading is not for everybody, so if we think luck could help us, we'd rather leave and forget trading instead, choose to gamble.
Well, in gambling we don't need to become pros or experts, at least having some knowledge is enough as we just rely on luck which is a pretty different approach to trading it indeed needs to have good knowledge and we know how to communicate with the market sentiment.

if you have no patience in learning the trade, you won't go anywhere on this field. however, once you get acquainted with the ins and outs, you would be addicted like in gambling. however, the prob with gambling is even if you learn the trade, winning will still be slippery as most games are based on luck. whereas, when it comes to trading, the more you know about what you're doing, the better chance of earning profits or at least not losing all your funds.

The more you learn about trading, the more you'll get into it. If you can earn a profit, you'll think that this is better than gambling. That is why others got really into trading when they got their first winning trade. You are right, even if you know the game in gambling, you can't still win it or boost your winning ratio as it is still about luck, and gambling is really about losing and having fun,while in trading, if you lose, then for sure there is something wrong with your strategy, which again, you can improve over time.

There are many stories and threads here that people are taking advice from different signalling group about different coin(s). Anyone following such groups has lost his money and time but the worst part of this is that he didnt learn anything about trading in the long run. You need to spend time and effort in order to learn any type of trading. You wont excel until you learn to trade yourself and learning is putting your effort, spending time, bearing loss etc. There is no easy money in this world, everything comes with effort.

No free lunch. If they give you free lunch, is it realistic?

They can give you free lunch with some signals to attract you and to convince you that their signals are free and good. When you join them more deeply, you lose because they will go ahead of you by buying first with cheaper prices. Then they give you signals to buying up the price for them. Your buying can trigger trading bots to work lifting up the price.

If you can join before break out, you can get profit but if you join after a break out, a later you join a bigger risk with loss you will possibly get.

Learning is never wasting and you have to learn about investment, trading. Practicing both of them and see what can work best with you, trading or investment, then choosing one to use with your capital.

Those who consider trading as gambling have wrong concept and will face loss after which they will regret for their wrong concept. Some individuals put money into coins and they think that their luck will increase this amount but they are wrong because selection of coins matters alot after which your patience and timing of holding is the key factors which increase your profit.

Luck and hardworks are very different from each other and if you think that in trading your luck will enhance your money then you will never get profit. First try to understand about market, get knowledge how to get success in it, price prediction, good coins to select and all others points should learn before participation.

If you are really that a fan on following some certain groups or individuals when it comes to trading signals or hints or suggestions then you would really be that bounding on losing huge sums of money

and this is where usually people do make out learnings on the time that they would really be losing money which this is something that could really be avoided if you are really just that sensible towards your actions
because if you are really just that lazy when it comes on doing those things specially on trading then for sure it wouldnt really be giving out that kind of positive results or being that profitable simply.
Its not really that much a good idea on making yourself that minding or thinking that trading is really that similar to gambling because it would really be just making yourself that being careless
when you do really engage with trading.

Sooner or later you would really be able to realize things when you are on the actual condition on which you would be able to determine on what are the main factors which are needed in between trading and gambling.

Trading is more considered than gambling but gambling is more riskier than trading, having the thought that trading is gambling you are having a wrong thinking. Trading is some how save but not 100% save and it can't be compared otherwise.

If trading is all about hard work, so many traders that are making consistent loses in trading must have been in carzy profits by now. We need to have the key to trading for us to make profits from the market. The market is open to everyone and not everyone will succeed because we all have different mentally and thinking faculty. As a trader, we need to be ready for change so In case our strategy can not give us the kind of result we want to be having as a trader. Thise who trade and make profits are the ones that needed to be called traders.

However, it is clear that the two are different because in trading, many things need to be prepared,
knowledge and skills need to be owned by traders while gambling is just like relying on luck alone,
gambling will not make us profitable so it is better to avoid it.

luck will not come continuously, therefore in trading we must learn to analyze and control psychology. it's not easy to achieve that, but that's the way to go, learn and gain experience from real trading practices. many people give up on their journey, because trading is not as easy as we imagine. it's different with gambling, where we don't need to analyze and are more inclined to expect luck, if we pay attention to most gamblers there's no success, except for bookies

When you do make out some trading then you should really be removing into your mind about relying on being lucky because this isnt a market which it is really just relying on luck as a trader then you would be needing to do lots of sorts of things for you to make good trades and this is why you should really be realistic when it comes to trading approach and doesnt really rely about Luck.Its true that it might really be needing some mix of luck for sometime but this isnt something that you could really depend on. When you are depending on luck then you are just simply doing gambling and this is something you should really be avoiding
when you do trade. You would once be able to realize on what you are dealing with on the time that you do make out some in comparison on doing trades basing on analysis and making out some blind trades.

It's true that bookies really get profits so as much as possible to avoid gambling,
it will only waste time and waste money so that in the end we will be poor,
trading is indeed more complicated but if you have a strong intention to learn it is not impossible it will bring success.