Outside risk: similarities between gambling and trading?

[BlueStackz]

Well you can earn money on both but I don't find anymore similarities between them.
Gambling is pure luck. There's nothing you can do except pray. While trading is mostly you knowledge and how you analyse the data you have.
As of outside risk, there are no such thing as outside risk in gambling while there are many sorts of factors that affects trading whether it be stocks, forex, commodities or cryptocurrencies.

I don’t know why many would just assume that gambling is a game of luck, which is not very true, gambling requires skills.
You can’t play poker game without a good knowledge of it, same as sport betting. Except you are ready for loses but as long as profit making is your goal, then been skilled is a good requirement for succeeding in gambling and that is the same thing with trading.

Also there is always risk in gambling, you don’t know how it feels to drop your money without 100% assurance of getting it back. That is a great risk and it’s the same thing with trading.

[dunfida]

Gambling and trading are both the same and i dont even see any differences between them, they both involve risk. Money can be lost almost immediately in both trading and gambling.
I dont even do any of the above. I prefer to buy my bitcoin and wait than to risk my money

Gambling and trading may both have risks but atleast in trading you will have more chances on making profits because this is based on your skills and strategies.If you are a good trader,you will definitely gain profits in trading whatever the market price is.With gambling,i think its more risky because the chances of winning is very rare compared to losing.And this is based on pure luck so if you are not lucky that time you gamble,you will surely end up losing.

But come to think off that there are still some gambling games which can possibly be learned up like skill-based ones which do give also an edge among other players and be profitable with it.
Luck would always be needed on both sides even on trading too because no matter how good your trade is, if the market would oppose into different direction then
you will still surely loss but i cant deny the fact that trading do always have the advantage no matter which angle we do try see.

[Idrisu]

Gambling and trading are both the same and i dont even see any differences between them, they both involve risk. Money can be lost almost immediately in both trading and gambling.
I dont even do any of the above. I prefer to buy my bitcoin and wait than to risk my money

Gambling and trading may both have risks but atleast in trading you will have more chances on making profits because this is based on your skills and strategies.If you are a good trader,you will definitely gain profits in trading whatever the market price is.With gambling,i think its more risky because the chances of winning is very rare compared to losing.And this is based on pure luck so if you are not lucky that time you gamble,you will surely end up losing.

But come to think off that there are still some gambling games which can possibly be learned up like skill-based ones which do give also an edge among other players and be profitable with it.
Luck would always be needed on both sides even on trading too because no matter how good your trade is, if the market would oppose into different direction then
you will still surely loss but i cant deny the fact that trading do always have the advantage no matter which angle we do try see.

Trading reward skills and knowledge and gambling except some game are purely on luck.  I think we should know that for you to succeed as a trader you must be able to practice for a very long time and be able to show profits in your practicing account before jumping to the really account and gambling did not have all this. You can start to make profits today or loses.

[radjie]

gambling and trade both have similarities in common. mature skills and strategies can certainly be applied to both, but differences in our trade can certainly target a few percent of the profits we will get, but at gambling we cannot do the same because gambling is just a luck-based game that depends on hockey we get when playing in it

[rachman mahesa]

From both of my experiences it certainly cannot be said to be successful. I like to play gambling, but I experience more happiness. And trading, Trading also doesn't really benefit me. because I am a person who can be said to always panic. So I always experience losses when trading. So there is nothing I can say for income 

[Vaculin]

gambling and trade both have similarities in common. mature skills and strategies can certainly be applied to both, but differences in our trade can certainly target a few percent of the profits we will get, but at gambling we cannot do the same because gambling is just a luck-based game that depends on hockey we get when playing in it

Yes. Gambling and trading are both risky. They should be played well by those risk takers people.But the only difference is that there is less chances to make profits in gambling compared to trading.Even if you have your own skills in gambling, it will not guarantee you that you will surely win in gambling because the game is more on luck and chances rather than good skills.

[Ayiranorea]

gambling and trade both have similarities in common. mature skills and strategies can certainly be applied to both, but differences in our trade can certainly target a few percent of the profits we will get, but at gambling we cannot do the same because gambling is just a luck-based game that depends on hockey we get when playing in it

Both differ on the way it function, but the risk is almost the same with trading as well with gambling. With trading we risk the assets with a predicted growth analysis. When the prediction meets the real growth we get the targeted profit, else we need to have patience holding it or ends up with loss of some percentage. With gambling we risk with the hope of winning and select the odds, and here we cannot expect everything to work on strategy or something else, luck too is a must else we end up losing the entire fund spend on the bet.

[Caladonian]

gambling and trade both have similarities in common. mature skills and strategies can certainly be applied to both, but differences in our trade can certainly target a few percent of the profits we will get, but at gambling we cannot do the same because gambling is just a luck-based game that depends on hockey we get when playing in it

Both differ on the way it function, but the risk is almost the same with trading as well with gambling. With trading we risk the assets with a predicted growth analysis. When the prediction meets the real growth we get the targeted profit, else we need to have patience holding it or ends up with loss of some percentage. With gambling we risk with the hope of winning and select the odds, and here we cannot expect everything to work on strategy or something else, luck too is a must else we end up losing the entire fund spend on the bet.

If you play trading a good way even in some manner you loses its value there's still time to earn it back by keep holding the assets and wait for the time that it will be pumped up, while in gambling after you place  your bet you are only waiting for result, if you are lucky you will win and earned if not then you will lose everything without anything left, though both consist risk cut if you will review and research deeper, trading can be less risky since you needed patience to continue surviving.

[Pattart]

Gambling and trading are both the same and i dont even see any differences between them, they both involve risk. Money can be lost almost immediately in both trading and gambling.
I dont even do any of the above. I prefer to buy my bitcoin and wait than to risk my money

Gambling and trading may both have risks but atleast in trading you will have more chances on making profits because this is based on your skills and strategies.If you are a good trader,you will definitely gain profits in trading whatever the market price is.With gambling,i think its more risky because the chances of winning is very rare compared to losing.And this is based on pure luck so if you are not lucky that time you gamble,you will surely end up losing.

Both of them do have risks, but in trading you can just minimize the risk of loss, of course with your skills and abilities in reading the market. but in gambling you cannot minimize the risk with your skills, because you depend on luck

[doomistake]

I Think risk and reward are the two similarities between gambling and forex, stocks and cryptocurrencies trading. For those that have been doing trading and gambling what did you notice as a similar among the two and through experience how much have you made from the both?

The only similar about Trading and gambling is that you need a capital on both as a starting point of your success. In Trading, the risk is much more worthy to be take than in gambling, because you know that no matter what happens, you are going to make profits if you have the knowledge  on how Trading world works. The percentage of making profits in Trading is much higher than you could have in gambling(since mostly it is all about luck) while Trading is mostly based on your analyzation.

Trading is like you're playing gambling but in a safer way. There is a lot of advantages also about Trading, because you have a lot of choices on how you are going to make profits in any situation you could have. Trading is for pros and for those people who have the courage that are willing to learn in the process, while gambling are for impatient people only, or should I say mostly for lazy people.

[Botnake]

Both of them do have risks, but in trading you can just minimize the risk of loss, of course with your skills and abilities in reading the market. but in gambling you cannot minimize the risk with your skills, because you depend on luck

Not all type of gambling depends on pure luck, maybe games like dice, plinko, roulette, these are games with house edge, you can depend on your luck. However as a sports bettor, I believe my skills could help me to win, and I also read that there are people who are successful in sports and they even make a living, it's just like trading, they master it and they make it.

[Script3d]

Both of them do have risks, but in trading you can just minimize the risk of loss, of course with your skills and abilities in reading the market. but in gambling you cannot minimize the risk with your skills, because you depend on luck

However as a sports bettor, I believe my skills could help me to win, and I also read that there are people who are successful in sports and they even make a living, it's just like trading, they master it and they make it.

this would also apply to esports betting, if you have the knowledge of the game and recognize each strength and weakness of each team you would surely win without relying on luck.

[raven7886]

Gambling and trading may both have risks but atleast in trading you will have more chances on making profits because this is based on your skills and strategies.If you are a good trader,you will definitely gain profits in trading whatever the market price is.With gambling,i think its more risky because the chances of winning is very rare compared to losing.And this is based on pure luck so if you are not lucky that time you gamble,you will surely end up losing.

I disagree with you mate, There’s no better chances of making profit in trading. They both have same chances of losing and winning.  If you say there are good traders in trading, don’t forget there are also professional gamblers in gambling.

Professional gamblers believe in having good skills and strategies to play but still, they still lose the games most of the times, that’s what makes both games risky. I think trading and gambling is for those who can take risk, and I like the fact that they both give opportunity to the player to make money.

[Moiyah]

Both are risky and I admit that during those times that I gamble and I trade, I felt the same emotions. But in terms of using strategies, they are different. In gambling, I only rely on pure luck. But in trading, I used some technical analysis. Which only means, we have basis for our wins.

[bitcoin31]

The similarities of the gambling and trading is they will lose your money too and you can earn profit too.
The differences of two is. Trading you can earn slow but it is less risk in gambling you can earn fast but is very risky.

[sweetbet]

In trading, you're betting that a product will be worth more over time, but in gambling, there is no logic behind betting on an outcome. For example, persons who invested in Google shares saw a service that would one day be very valuable, but those who bet on a slot machine did not use any logic or reasoning.

[cryptjh]

I see a lot of similarities between gambling and trading, you can get high rewards in both trading and gambling, but in gambling, you usually lose everything if you lose your bet, but in trading, you will in most cases never lose everything.
However, in gambling, you will in most cases just bet a small amount versus in trading where you often invest higher amounts, so you can end up loosing more in trading than on gambling.

[raven7886]

Both are risky and I admit that during those times that I gamble and I trade, I felt the same emotions. But in terms of using strategies, they are different. In gambling, I only rely on pure luck. But in trading, I used some technical analysis. Which only means, we have basis for our wins.

You are such a strong man, how where you coping with both trading and gambling, they are both very risky jobs and I can only imagine how much you have lost and how emotional you must have been because both games are risky.

I have only been trading and I know what I have been through analyzing the market and the changes that happens overnight unpredictably. It is always a nightmare. Gambling is based on luck actually and it’s good for those who have good luck for gambling, I still prefer trading because you can at least check past record, analyze, even though it’s still risky but it is at least still safer than gambling.

[FanEagle]

They are both different things if you ask me. Trading is for profit and gambling is for fun. Trading is very risky and gambling when done carefully isn’t risky. Gamblers don’t feel too bad or feel sad when they make loss, because they had pleasure playing but in trading they would always feel terrible each time a loss is made.

In gambling games like Blackjack there can be cases where the odds those who make big bets without having to break rules. There are cases where blackjack players learn to break the rules of the game and make sure the odds are in their favor and the most popular way to do this is by counting cards and this is not the same with Trading.

[richmcrich]

In my opinion, I would say that both gambling and trading are basically stochastic, they are unpredictable and both have a negative reputation that comes with it.  We all put in our honest effort to make it a little bit more predictable and that might reduce the dangers in it.

It however takes so much consistent and numerous exercises on the path of both gamblers and traders before it can become effective and  before the risk involved in both can be reduced. The greatest similarity between this two is Risk and unpredictability.