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Author Topic: How is trading *not* gambling?  (Read 23334 times)
FasTroy
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January 21, 2017, 06:16:54 PM
 #41

There is a difference between gambling and trading.
Gambling is always about luck, It's true if you can say there is skills in gambling also experience, but if you are not lucky you can lose if your predections is good. I don't talk about Pro gambler.
If we talk about trading, It's about 90% skills and 10% luck. But i know that trading is not considering like gambling because it's based from skills. If you would be a good trader you should get a good experience and skills, not a luck.
Anyways this is my review about difference between gambling and trading.

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January 22, 2017, 07:29:21 AM
 #42

Trading Coins>Trading Stocks(or hedge/mutual funds)>Sports Betting(done right)>Holding Your Money>Table Games(played right)>ScratchTickets/Lotto>PullTabs>"Investing" In Multi-Level Marketing Ect.>Burning Your Money

Gambling? You got it in spades. More ways to lose than win though. Be careful and you should win, but only a small amount that equals your risk.
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January 22, 2017, 07:44:11 AM
 #43

For me it is not pure gambling, term "gambling" is when you just depends on luck only. But when it come to trading, there is few factors that you could calculate before you trade X coin  Smiley
There are situations where we will be in need of luck to complete our trades profitable. As per your statement in those situations trading just turns gambling for sure. But luck alone will not decide profits in trading whereas in gambling luck is the prime factor.

Trading is not gambling still trading has some characteristics which are resembling gambling at some times.
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January 22, 2017, 08:11:55 AM
 #44

I have read many threads like this. But after all, in my view, trading and gambling only same on one point and that is both are risky, Its mean our money on the risk. But personally both have many differences because gambling is a game, and it make because people make fun from gambling and trading is a type of business.
Even if you are opening a new business, investing, reselling goods, and any other business will risking your money but it's not considered as a gambling. Everything in this world which can give you a profit or at least make you earning money also having the risk, even if you are working for a company as an employee. Saying trading the same as gambling because of having the risk is really dumb honestly.

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January 22, 2017, 10:01:38 AM
 #45

In a way trading is gambling but only in part related to luck because you need that too and like gambling it's also risky. But when you trade you use some knowledge and skills, obey some rules, your are part of serious business. Gambling is just fun, the game where you always expect to win but nothing realy depends on you and you can't influence anything and that is not case in trading.

I think it is not luck that give you a profit in trading.  It is your full research and understanding of market. Even if the price  is going down, expert traders can still get profit from it even if he gets his stock higher than the current price.  He make use of the fluctuation of the price to earn him a profit.  And that is so very different in gambling.
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January 22, 2017, 10:11:16 AM
 #46

How different is trading from just gambling? I know there seems to be a  big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?
As you said on trading there are method for making prediction analysis technical and analysis fundamental and they can be learned also on trading we can do cut lost,
it is different with gambling i don't see about method for analysis on gambling and i can not do cut lost on gambling if i am wrong on gambling game.
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January 22, 2017, 10:31:11 AM
 #47

How different is trading from just gambling? I know there seems to be a  big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?
As you said on trading there are method for making prediction analysis technical and analysis fundamental and they can be learned also on trading we can do cut lost,
it is different with gambling i don't see about method for analysis on gambling and i can not do cut lost on gambling if i am wrong on gambling game.

I am sure that there are people that think there are certain methods that they can use to raise their chances of winning, but at the end, it only works as long as you win. It's not for nothing that casinos are banking from all the money/coins that people have lost throughout the years. Sure, a very small minority will walk out with profits, but the far majority of the people are just regretting they ever jumped into gambling. And the small minority that I was talking about that walk out with profits, they at some point too will lose everything if they not stop gambling entirely.
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January 22, 2017, 11:16:04 AM
 #48

Well, the definition of trading is not gambling, therefore you need to do what is required to have a successful trading. You are gambling if you are not making necessary things that are required in trading, educating yourself is very important, you have to know first what asset are you trading and you study well to have a better analysis.

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January 22, 2017, 11:18:31 AM
 #49

Both are completely different in technical analysis because both are into investing only but slightly there is big difference trading is an investment it will completely depend on knowledge and estimates the market importance in order to make profits, but where as gambling is just for fun and entertainment even though it is an investment but here there is no need experience.

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January 22, 2017, 11:22:49 AM
 #50

Well, the definition of trading is not gambling, therefore you need to do what is required to have a successful trading. You are gambling if you are not making necessary things that are required in trading, educating yourself is very important, you have to know first what asset are you trading and you study well to have a better analysis.
Indeed. However, in my opinion, gambling without knowledge can be considered as gambling because when you do this kind of job but you do not have any skill, you can easily lose all of your money. Trading is only different from gambling if traders know how to develop themselves and learn new techniques as well as new knowledge
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January 22, 2017, 02:18:58 PM
 #51

Well, the definition of trading is not gambling, therefore you need to do what is required to have a successful trading. You are gambling if you are not making necessary thing that are required in trading, educating yourself is very important, you have to know first what asset are you trading and you study well to have a better analysis.
Indeed. However, in my opinion, gambling without knowledge can be considered as gambling because when you do this kind of job but you do not have any skill, you can easily lose all of your money. Trading is only different from gambling if traders know how to develop themselves and learn new techniques as well as new knowledge
The trading and gambling both requires right analysis, strategy and focus, actually, successful traders and gamblers are typically highly skilled and spend years before they become proficient. Gambling is more on luck while in trading it is  always depends on the market flow but they are both risky in terms of returns.

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January 22, 2017, 03:42:32 PM
 #52

Both are completely different in technical analysis because both are into investing only but slightly there is big difference trading is an investment it will completely depend on knowledge and estimates the market importance in order to make profits, but where as gambling is just for fun and entertainment even though it is an investment but here there is no need experience.
Gambling also need to be skilled enough to win on it. In terms of risk, gambling has a bigger risk than trading because market won't go into 0 but you balance in gambling could go into 0 balance. Hence? you can earn quickly from gambling but you are quickly to lose in gambling. Meanwhile, you can gradually earn in trading and you can lose your money gradually too. In gambling, it is not about the patience and right timing, it is a matter of luck.
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January 22, 2017, 04:06:56 PM
 #53

the problem with this question and why we keep seeing it is that because people are too lazy to study. i mean there are limitless resources on the internet, the only thing anyone has to do is to search for
- "trading" or
- "learn how to trade" or
- "basics of trading"
- "trading for beginners"
and after reading some of these resources and spending some hours watching some videos and charts you can understand why trading is not gambling. and that is what nobody can tell you in one comment on the forum.

There is a FOMO brewing...
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January 23, 2017, 01:00:42 AM
 #54

For a newbie trader, trading does seem like gambling - until he starts to research and learn from past mistakes.
Then he begins to see that trading requires study and strategy - while gambling equals burning hard-earned cash.
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January 23, 2017, 01:12:30 AM
 #55

You can chop up the salami into as many pieces as you feel is necessary, but trading=gambling.  I don't care what anyone says.

Look at all the traders who work for the banks.  Look at Enron.  They are the worst degenerate gamblers imaginable. You might not be at a casino and you might not be using dice or cards, but you are taking enormous risks when you trade, and you are placing your bet when you open a position.
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January 23, 2017, 01:13:28 AM
 #56

How different is trading from just gambling? I know there seems to be a  big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?
Actually both of them are subjected for the same types of risk but risk of loss of your initial investment in the trading is very less than in gambling because in trading you are doing simply buy/sell according to thinking to get profits but in gambling we only make direct bet to win/loss and the outcome only depends upon the result of the game for which you are betting faith your btc /money .
So here I will trading is much more profitable than gambling .So instead of taking risk for your btc in gambling you should go for trading .

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January 23, 2017, 02:14:06 AM
 #57

How different is trading from just gambling? I know there seems to be a  big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?
As you said on trading there are method for making prediction analysis technical and analysis fundamental and they can be learned also on trading we can do cut lost,
it is different with gambling i don't see about method for analysis on gambling and i can not do cut lost on gambling if i am wrong on gambling game.

I am sure that there are people that think there are certain methods that they can use to raise their chances of winning, but at the end, it only works as long as you win. It's not for nothing that casinos are banking from all the money/coins that people have lost throughout the years. Sure, a very small minority will walk out with profits, but the far majority of the people are just regretting they ever jumped into gambling. And the small minority that I was talking about that walk out with profits, they at some point too will lose everything if they not stop gambling entirely.
Well the small minority that walk out with profits is gambling poker owners,
they doesn't need method for making analysis on gambling poker.
they just need manage the website, promotion of website and they have profits on every playing poker
it is good strategy for making profit from gambling business. Cheesy
falala69
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January 23, 2017, 04:12:37 AM
 #58

For me it is not pure gambling, term "gambling" is when you just depends on luck only. But when it come to trading, there is few factors that you could calculate before you trade X coin  Smiley
There are situations where we will be in need of luck to complete our trades profitable. As per your statement in those situations trading just turns gambling for sure. But luck alone will not decide profits in trading whereas in gambling luck is the prime factor.

Trading is not gambling still trading has some characteristics which are resembling gambling at some times.


Yea, but it is not pure gambling, right? That is the point! I just do not like to put my money (not the free one) into something that depends on luck only  Smiley

No offense, this is just my opinion  Smiley
Mr.grin
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January 23, 2017, 04:25:56 AM
 #59

In trading, you will not lose all the money you have if you're wrong to predict prices. besides, it is not bound to be losses if you wait, because maybe the price will go up. different from gambling, because if you're one to predict, you will lose all the money you bet. very many differences between gambling and trading. but, it's all you can feel when you play it.
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January 23, 2017, 04:38:00 AM
 #60

There is a bit of luck in trading, but as you have already said you do not depend 100% of your luck. In trading even if you give bad luck you can manage your losses. In gambling you simply lose.
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