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Author Topic: Do you consider trading as gambling?  (Read 46725 times)
mirakal
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October 27, 2016, 08:07:53 AM

I think there is a lot of gray area when defining gambling. Some games are purely chance and others have some skill involved. I don't think of trading as gambling, but I can see that there is some unknown as to what the outcome will be so it could be in that gray area.

But if you do a day trading then it is almost same a gambling because in day trading most of the people trading just by the assumptions that price will go up based on some news or something else. That kind of trading is almost same as gambling because you're not trading based on any trade basics.
It's not like that, day trading belongs to trading so it is still not the same with gambling. Gambling most of the time relies only on luck while in trading we need to have the skills and knowledge to be able to succeed in our venture of making money, and this is a continuing learning while gambling is not.

They are really different  of field   but  the main  question here  is about the risk involve  on  both things. Which is  actually the same though  but   the advantage  on trading  is that you could actually able  to  lessen the risk  with  proper knowledge and skills  on trading  unlike  on doing gambling which  you are actually playing   blindly and  just fully relying  on  your  luck   in able  to win  or get profits.
Trading could be a serious profession for everyone if they will pursue on their goal but gambling I doubt. There are people who call themselves as professional gambler but if you will take a look of their record they are still in the losing side. So that would only conclude that trading is not a gambling but a gamble to make money.

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October 27, 2016, 08:38:54 AM

I think trading is also part of gambling. But in the midst of the general public trading is not gambling . I never heard my government forbids people to do trading, even a lot of advertising on tv who advise people to trade in their place. So it could be said trading is part of gambling but it could also be said not, depending from what angle we view it.
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October 27, 2016, 08:44:46 AM

Trading is a sort of gambling because you are betting that the stock or commodity or even a coin will move in so and so direction.  You can look into various tools such as moving averages, RSI and other charts but it has an element of gambling in it. So I would say trading is gambling. The difference is, in gambling you are playing a loosing game as the house always have an edge over the gamblers. In trading you can have an edge if you make the right move at the right time. And you can control your looses by hedging or by using stoploss.


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October 27, 2016, 09:06:19 AM

I don't consider gambling as trading. There is huge difference between both one is pure loosing which gambling while in other you can make nice profit on permanent basis. Gambling always is fatal in long term while trading the more time to spend in it the better you begin to understand it.

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October 27, 2016, 09:10:12 AM

I think trading is also part of gambling. But in the midst of the general public trading is not gambling . I never heard my government forbids people to do trading, even a lot of advertising on tv who advise people to trade in their place. So it could be said trading is part of gambling but it could also be said not, depending from what angle we view it.
In deep meaning trading really similar to gambling in some aspects.

But one more time,  it is only if you dig so deep about what trading it is and how to trading etc. General understanding about trading are of course different from gambling as you have said.

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October 27, 2016, 10:21:06 AM

I think there is a lot of gray area when defining gambling. Some games are purely chance and others have some skill involved. I don't think of trading as gambling, but I can see that there is some unknown as to what the outcome will be so it could be in that gray area.

But if you do a day trading then it is almost same a gambling because in day trading most of the people trading just by the assumptions that price will go up based on some news or something else. That kind of trading is almost same as gambling because you're not trading based on any trade basics.
It's not like that, day trading belongs to trading so it is still not the same with gambling. Gambling most of the time relies only on luck while in trading we need to have the skills and knowledge to be able to succeed in our venture of making money, and this is a continuing learning while gambling is not.

They are really different  of field   but  the main  question here  is about the risk involve  on  both things. Which is  actually the same though  but   the advantage  on trading  is that you could actually able  to  lessen the risk  with  proper knowledge and skills  on trading  unlike  on doing gambling which  you are actually playing   blindly and  just fully relying  on  your  luck   in able  to win  or get profits.
Trading could be a serious profession for everyone if they will pursue on their goal but gambling I doubt. There are people who call themselves as professional gambler but if you will take a look of their record they are still in the losing side. So that would only conclude that trading is not a gambling but a gamble to make money.


Even the PRO are facing a losing streak, They just earn the title "PRO" because they experienced a lot on trading and have many knowledge on different profitable coin, But it doesn't that they didn't lose huge BTC because they are human too and committing mistake, And there is no guarantee on trading just like gambling

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October 27, 2016, 11:45:35 AM

I think there is a lot of gray area when defining gambling. Some games are purely chance and others have some skill involved. I don't think of trading as gambling, but I can see that there is some unknown as to what the outcome will be so it could be in that gray area.

But if you do a day trading then it is almost same a gambling because in day trading most of the people trading just by the assumptions that price will go up based on some news or something else. That kind of trading is almost same as gambling because you're not trading based on any trade basics.
It's not like that, day trading belongs to trading so it is still not the same with gambling. Gambling most of the time relies only on luck while in trading we need to have the skills and knowledge to be able to succeed in our venture of making money, and this is a continuing learning while gambling is not.

They are really different  of field   but  the main  question here  is about the risk involve  on  both things. Which is  actually the same though  but   the advantage  on trading  is that you could actually able  to  lessen the risk  with  proper knowledge and skills  on trading  unlike  on doing gambling which  you are actually playing   blindly and  just fully relying  on  your  luck   in able  to win  or get profits.
Trading could be a serious profession for everyone if they will pursue on their goal but gambling I doubt. There are people who call themselves as professional gambler but if you will take a look of their record they are still in the losing side. So that would only conclude that trading is not a gambling but a gamble to make money.


Even the PRO are facing a losing streak, They just earn the title "PRO" because they experienced a lot on trading and have many knowledge on different profitable coin, But it doesn't that they didn't lose huge BTC because they are human too and committing mistake, And there is no guarantee on trading just like gambling
Because the reality, no one makes profit on a daily basis, even how good they are there are still days that the outcome does not favor to them. They are rich still because in the long run they can still make money because of their skills.

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October 27, 2016, 12:55:55 PM

Yes, trading can be called gambling because it involves all the risks same as gambling and losing is an alternative in both with higher chances even in the best odds, but both have different privileges and perceptions and perspectives of doing it.
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October 27, 2016, 01:28:38 PM

I don't consider gambling as trading. There is huge difference between both one is pure loosing which gambling while in other you can make nice profit on permanent basis. Gambling always is fatal in long term while trading the more time to spend in it the better you begin to understand it.
when you trading you are directed to make a prediction and put your money there ,
in that case trading pretty sure just like gambling ,
but in most case trading totally different to gambling ,
only several things make trading similar llike gambling but it is not actually.

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October 27, 2016, 01:41:32 PM

Yes, trading can be called gambling because it involves all the risks same as gambling and losing is an alternative in both with higher chances even in the best odds, but both have different privileges and perceptions and perspectives of doing it.
For me they are different i can not consider trading as gambling because gambling is made to give entertainment and fun unlike trading made only for business and investment and if you know how to trade you can make a good amount of profit. .
Trading is more good choice than gambling since high risk in gambling and low risk in trading if you lose in trading you can be still sell your coins unlike gambling that you can not get any after you lose..


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October 27, 2016, 03:54:10 PM

I don't consider gambling as trading. There is huge difference between both one is pure loosing which gambling while in other you can make nice profit on permanent basis. Gambling always is fatal in long term while trading the more time to spend in it the better you begin to understand it.
when you trading you are directed to make a prediction and put your money there ,
in that case trading pretty sure just like gambling ,
but in most case trading totally different to gambling ,
only several things make trading similar llike gambling but it is not actually.
The gambling and trading both are different. In both condition the risk is same. If we want to make profit We need to put our money in risk, But in trading, we can expect some profit. In gambling it's 50 - 50 chance, you may make profit or you may not be.

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October 27, 2016, 04:33:39 PM

I don't consider gambling as trading. There is huge difference between both one is pure loosing which gambling while in other you can make nice profit on permanent basis. Gambling always is fatal in long term while trading the more time to spend in it the better you begin to understand it.
when you trading you are directed to make a prediction and put your money there ,
in that case trading pretty sure just like gambling ,
but in most case trading totally different to gambling ,
only several things make trading similar llike gambling but it is not actually.
The gambling and trading both are different. In both condition the risk is same. If we want to make profit We need to put our money in risk, But in trading, we can expect some profit. In gambling it's 50 - 50 chance, you may make profit or you may not be.

yeah it's a calculated risk that you make when you do trading compared to gambling where you just throw your bets in the air and pray for good results. if you're an experienced trader you can make this even profitable everyday. with gambling, there are some games that could pretty much give you more than 50 percent chance of winning but still the chances are smaller than when you do trading

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October 27, 2016, 08:10:27 PM

I think there is a lot of gray area when defining gambling. Some games are purely chance and others have some skill involved. I don't think of trading as gambling, but I can see that there is some unknown as to what the outcome will be so it could be in that gray area.
In general you cannot consider trading as gambling as there are even course offered when you can study trading online and even in physical school. But gambling there's not such thing like that, gamblers can become professional but that's what only base on how we look ourselves since there's not proper way to determine on how to become professional.

From what I know, gambling is for fun and trading is a serious business by investing in yourself hoping you skills and knowledge will give you money.
In fact the definition of professional is very simple, someone that earns money from an activity, in order to be a professional gambler you need to be a profitable gambler so it does not matter how many books you read if you are not generating profits you are not a professional.



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October 28, 2016, 07:49:50 AM

I think there is a lot of gray area when defining gambling. Some games are purely chance and others have some skill involved. I don't think of trading as gambling, but I can see that there is some unknown as to what the outcome will be so it could be in that gray area.
In general you cannot consider trading as gambling as there are even course offered when you can study trading online and even in physical school. But gambling there's not such thing like that, gamblers can become professional but that's what only base on how we look ourselves since there's not proper way to determine on how to become professional.

From what I know, gambling is for fun and trading is a serious business by investing in yourself hoping you skills and knowledge will give you money.
In fact the definition of professional is very simple, someone that earns money from an activity, in order to be a professional gambler you need to be a profitable gambler so it does not matter how many books you read if you are not generating profits you are not a professional.

You will not directly become a professional, as even in real life we have to study first before we become professional and the same concept goes with gambling, you need to experience gambling and by learning from your experience that would make you a professional gambler until such time your weaknesses will turn to be your strength.

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arseaboy
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October 28, 2016, 12:51:07 PM

I don't consider gambling as trading. There is huge difference between both one is pure loosing which gambling while in other you can make nice profit on permanent basis. Gambling always is fatal in long term while trading the more time to spend in it the better you begin to understand it.
when you trading you are directed to make a prediction and put your money there ,
in that case trading pretty sure just like gambling ,
but in most case trading totally different to gambling ,
only several things make trading similar llike gambling but it is not actually.
The gambling and trading both are different. In both condition the risk is same. If we want to make profit We need to put our money in risk, But in trading, we can expect some profit. In gambling it's 50 - 50 chance, you may make profit or you may not be.

yeah it's a calculated risk that you make when you do trading compared to gambling where you just throw your bets in the air and pray for good results. if you're an experienced trader you can make this even profitable everyday. with gambling, there are some games that could pretty much give you more than 50 percent chance of winning but still the chances are smaller than when you do trading

Totally agree on this.. there are much higher percentage of getting profit when you do trading. You just have to very knowledgeable on how it works rather than in gambling there's a less percentage for you to win. But if you are already an experienced gambler then it's a different story.

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South Park
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October 28, 2016, 03:40:42 PM

I think there is a lot of gray area when defining gambling. Some games are purely chance and others have some skill involved. I don't think of trading as gambling, but I can see that there is some unknown as to what the outcome will be so it could be in that gray area.
In general you cannot consider trading as gambling as there are even course offered when you can study trading online and even in physical school. But gambling there's not such thing like that, gamblers can become professional but that's what only base on how we look ourselves since there's not proper way to determine on how to become professional.

From what I know, gambling is for fun and trading is a serious business by investing in yourself hoping you skills and knowledge will give you money.
In fact the definition of professional is very simple, someone that earns money from an activity, in order to be a professional gambler you need to be a profitable gambler so it does not matter how many books you read if you are not generating profits you are not a professional.

You will not directly become a professional, as even in real life we have to study first before we become professional and the same concept goes with gambling, you need to experience gambling and by learning from your experience that would make you a professional gambler until such time your weaknesses will turn to be your strength.
There are different definitions of professional, one is a person that goes to college and earns a paper that says they are qualified for the job, but that is only one definition.

After all tell me, what college would you attend in order to become a professional gambler? The answer is nowhere, there are many activities in the world that dont require a certification, just look at music, many of the most famous rock stars never had any kind of formal musical studies but they are professional why because they earn a ton of money that is why.



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Rainbot
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October 28, 2016, 05:32:51 PM

I think there is a lot of gray area when defining gambling. Some games are purely chance and others have some skill involved. I don't think of trading as gambling, but I can see that there is some unknown as to what the outcome will be so it could be in that gray area.
In general you cannot consider trading as gambling as there are even course offered when you can study trading online and even in physical school. But gambling there's not such thing like that, gamblers can become professional but that's what only base on how we look ourselves since there's not proper way to determine on how to become professional.

From what I know, gambling is for fun and trading is a serious business by investing in yourself hoping you skills and knowledge will give you money.
In fact the definition of professional is very simple, someone that earns money from an activity, in order to be a professional gambler you need to be a profitable gambler so it does not matter how many books you read if you are not generating profits you are not a professional.

You will not directly become a professional, as even in real life we have to study first before we become professional and the same concept goes with gambling, you need to experience gambling and by learning from your experience that would make you a professional gambler until such time your weaknesses will turn to be your strength.
well its depend on what particular game mate because if we are talking about dice and slots its a game of luck that we can never control even we deal for it for a long time, but if we are talking about sports bet or poker yes you can say experience will help us mastering the concept of the game and losing will build more plan strategy in the next game.

 
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October 28, 2016, 07:38:28 PM

I think there is a lot of gray area when defining gambling. Some games are purely chance and others have some skill involved. I don't think of trading as gambling, but I can see that there is some unknown as to what the outcome will be so it could be in that gray area.
In general you cannot consider trading as gambling as there are even course offered when you can study trading online and even in physical school. But gambling there's not such thing like that, gamblers can become professional but that's what only base on how we look ourselves since there's not proper way to determine on how to become professional.

From what I know, gambling is for fun and trading is a serious business by investing in yourself hoping you skills and knowledge will give you money.
In fact the definition of professional is very simple, someone that earns money from an activity, in order to be a professional gambler you need to be a profitable gambler so it does not matter how many books you read if you are not generating profits you are not a professional.

You will not directly become a professional, as even in real life we have to study first before we become professional and the same concept goes with gambling, you need to experience gambling and by learning from your experience that would make you a professional gambler until such time your weaknesses will turn to be your strength.
well its depend on what particular game mate because if we are talking about dice and slots its a game of luck that we can never control even we deal for it for a long time, but if we are talking about sports bet or poker yes you can say experience will help us mastering the concept of the game and losing will build more plan strategy in the next game.

I agree it depends on what gambling game you are playing.  if you are playing dice, lotteries and other chance games, i doubt you will gain an experience that makes you professional in a sense that you will be winning everytime you roll the dice or bet in a lottery.  Professionals are tagged to those poker and blackjack players because of the skills and experience acquired while playing it which gives them a big advantage over the new poker players.


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October 29, 2016, 11:48:11 AM

Yes of course I do consider trading as gambling. You have the same risk to lose all of your money with trading so it's a similar thing.
Logically is not.If it is,then share market,gold investment,real estate investment or any other form of investment supporting demand/supply paradigm should be considered as gambling.Makes sense ?

Gambling is directly proportional to luck,no one controls your luck (not provable fairness actually controls).On the other hand,trading is totally dependent on the market prices .You cannot create a scarcity in the market unless you're President of America.I don't think trading projects any form of gambling.It has been carried out since day 1 of the globalization and always will.Little do you know that bitcoin contributes to only a small part of it.

Yes gambling is purely based on luck and no one predict this when we get luck. Some times we plan to stop betting because of continuous loss but in that time our luck will work and we start to win our betting. So in both trading and gambling we need luck and both are same. Both have same risk.

Not all gambling games are based on luck, some of it are also a skill based like card games on an online casinos out there, take into account the card game poker, wherein you need a good thinking to win the game, and a small part of that game is only affected by the luck that you just had said.

Luck based games are the ones like the dice game, roulette, or slots, wherein you don't have a control of the result even for a small part of the game.
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October 29, 2016, 12:10:32 PM

Yes of course I do consider trading as gambling. You have the same risk to lose all of your money with trading so it's a similar thing.
Logically is not.If it is,then share market,gold investment,real estate investment or any other form of investment supporting demand/supply paradigm should be considered as gambling.Makes sense ?

Gambling is directly proportional to luck,no one controls your luck (not provable fairness actually controls).On the other hand,trading is totally dependent on the market prices .You cannot create a scarcity in the market unless you're President of America.I don't think trading projects any form of gambling.It has been carried out since day 1 of the globalization and always will.Little do you know that bitcoin contributes to only a small part of it.

Yes gambling is purely based on luck and no one predict this when we get luck. Some times we plan to stop betting because of continuous loss but in that time our luck will work and we start to win our betting. So in both trading and gambling we need luck and both are same. Both have same risk.

Not all gambling games are based on luck, some of it are also a skill based like card games on an online casinos out there, take into account the card game poker, wherein you need a good thinking to win the game, and a small part of that game is only affected by the luck that you just had said.

Luck based games are the ones like the dice game, roulette, or slots, wherein you don't have a control of the result even for a small part of the game.

That's true, there are games also that is based on skills and we have a good chance to win in the long run if we have the skills and it would be easy for us to consider gambling as a way to earn a living. It we are good, it can be similar to trading as well, so we need to work to be successful.

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