Outside risk: similarities between gambling and trading?

[maydna]

I think the similarities between gambling and trading is we can get lose in anytime. We could risk the same things, but we have a chance to make a profit from trading. In my experience, gambling is riskier and danger than trading because in gambling, we don't know when we are lucky, and we can lose all money if we cannot manage and make a limit on every bet.

The main difference I think between the two is that Gambling is purely a fun activity while trading is professional activity. I don't think risk is right factor to differentiate between the two. Trading is as much risky as gambling is when it comes to crypto trading. Cryptocurrencies can fluctuate at higher degrees from small-small news and rumors. That make them very vulnerable investment. Until and unless huge inflow of capital comes to Crypto Market, crypto trading is nothing less than gambling.

It's Interesting you say gambling is fun for you. Some people think it is not fun because it involves investments and rewards.

As regards the part concerning huge flow of capital, I don't think this is necessarily true. Day traders don't really need the huge flow of capital to trade successfully .  They earn reasonably from the regular up and down price movements.

We need to think that gambling is only for fun, nothing less. When it's related to the investment and rewards, there will be a risk with both gambling and trading, and we should prevent the risk.

Traders who use daily trading don't need to use big money to trade because they will have skills to choose the right coins so they can make a profit every day. The profit itself will vary each day because it follows the market movement, but they can get it in every day.

But of course, if a trader can use big money to trade in the daily trading, then we will be able to earn a bigger profit too especially if he can combine all things that he has in trading and that will support him to earn more money.

But in gambling, if you use big money, then it's no guarantee for you to make a profit in the game base on luck.

[Ailmand]

They are similar in terms of risk. In gambling, we do it for fun and we really got no assurance if we're going to win or not. If we're going to gain something or not. In trading, we need skills and strategies. I find it less risky than gambling. They both profitable yet could provide us a different result.

[Cacingkemi]

Not similarities IMO gambling has a loss until your funds run out are not left but if you win it will get more profit fast, while trading is a system of demand and supply if you lose only a little and if you get win only a little profit. Gambling is a game to look for luck while trading must master market strategy skills.

[Ryker1]

Not similarities IMO gambling has a loss until your funds run out are not left but if you win it will get more profit fast, while trading is a system of demand and supply if you lose only a little and if you get win only a little profit. Gambling is a game to look for luck while trading must master market strategy skills.

Well, that was the different things among them all, trading needs to master your skill of analyzing and good timing while gambling is a form of the game were you entertain while executing on it. But, speaking of risk they are all both risk that might you have a huge of losses if you don't know how to manage with it. Indeed, I must prefer gambling rather than trading, I don't want to have a headache in trading.

[TheCoinGrabber]

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?

Far less outside risk with gambling. With trading you'd have to worry about manipulation and everyone else's irrationality.

With gambling there's only chance. Games like dice and roulette are pure chance. Card games have a slight degree of predictability since you are all sharing the same deck.

It seems easier to make money trading though, even if you're just doing btc↔usd.

[webtricks]

I think the similarities between gambling and trading is we can get lose in anytime. We could risk the same things, but we have a chance to make a profit from trading. In my experience, gambling is riskier and danger than trading because in gambling, we don't know when we are lucky, and we can lose all money if we cannot manage and make a limit on every bet.

The main difference I think between the two is that Gambling is purely a fun activity while trading is professional activity. I don't think risk is right factor to differentiate between the two. Trading is as much risky as gambling is when it comes to crypto trading. Cryptocurrencies can fluctuate at higher degrees from small-small news and rumors. That make them very vulnerable investment. Until and unless huge inflow of capital comes to Crypto Market, crypto trading is nothing less than gambling.

It's Interesting you say gambling is fun for you. Some people think it is not fun because it involves investments and rewards.

So you consider the wagered amount as investment? Well, I have listen this perspective for the first time. I don't think anyone who gambles do it as a standard profession. The primary motive behind gambling is 'fun' element. That's why the term 'play' is used with gambling.

As regards the part concerning huge flow of capital, I don't think this is necessarily true. Day traders don't really need the huge flow of capital to trade successfully .  They earn reasonably from the regular up and down price movements.

You completely misunderstood what I wanted to say. I would suggest you to read again.

[samputin]

The attempt to create a capital gain over a relatively short period of time is also what makes trading and gambling similar. Because there is no new wealth created, this makes both of them viewed skeptically especially that their outcomes are unpredictable. But, there are people who are also successful when it comes to these two. But their success comes with skills which took them years to become proficient. And 'success' for them is more of 'steady regular income' rather than just a 'one time-big time' thing. However, this statement is more applicable to traders because in gambling, you have a negative expected return so the house will be on top of you in the long run.

[Johnzky]

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?

Actually for me Trading is.more riskier than gambling as the volatility of cryptocurrency is always indeed when we are trading while in gambling we are just aiming for the win while enjoying so the lesser pressure we have is more chances of winning. And another thinh is trading is not for every cryptonians since.lots of accounts that tried to trade fails and did not even enjoy their stay in trading world

[Jaycee99]

I do not literally gamble here but interested and wanting to. I gamble and bet on things with friends like in a casino base from what I see in a movie besides you needing knowledge when it comes to card there is one that you predict and win a high price (just what I saw from action movies that there settings is a casino). So likely I play and gamble with my friends who win and lose and there is money right? always doing that when we get the chance(plus been practicing to play poker on a game in my cellphone).

Here I have a little knowledge about trading and gambling in which getting your money out from your bank. Now the with trading and gambling there is predicting and studying a little when you gamble basing from my experience predicting the market value to trade and invest, it is a risk.

The same time with gambling it is a risk as well but sometimes you predict without knowing the background have the idea and the same as trading you gamble/predict with having idea.

I hope you understand I just want to help even you ask for the most experienced.

[libert19]

I find both nearly same, but in gambling everything is random, you can't predict outcome of something while in trading you can draw charts and make predictions.

[Caladonian]

I find both nearly same, but in gambling everything is random, you can't predict outcome of something while in trading you can draw charts and make predictions.

They have similar risk but the way players understand it will be different, for traders they have some charts to follow the patterned and use as references giving them some extra edge to anticipate the market run, while in gambling, most pro gamblers also have a patterned to followed, they've created this strategy to build a working one for their benefits, the end results will be different from those two, as traders can be done decently while gambling will ends up addictive if you won't be able to control yourself.

Both includes money management, taking actions controlling how much you can handle the risk.

[Janation]

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?

Gambling and trading are totally different things but still i will try to highlight you the main differences.

Gambling: No Skills, Based on luck
Trading: Need Skills, No luck Needed

Gambling: More Risk, More Reward
Trading: Less Risk, Less Reward

Gambling: Experience does not matter
Trading:  Experience makes you a perfect trader

This depends.

I mean there are some gambling games that don't really require huge luck but skill and also knowledge of the team and the game that you are betting on. Also, in trading, knowledge is also needed. Knowledge means you have the experience but it is a good thing to have as a trader. Experience does matter in gambling, trust me.

[tsaroz]

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.

[BeGoods]

Not similarities IMO gambling has a loss until your funds run out are not left but if you win it will get more profit fast, while trading is a system of demand and supply if you lose only a little and if you get win only a little profit. Gambling is a game to look for luck while trading must master market strategy skills.

You right, I think there is no outline similarity between gambling and trading, gambling does not need skills such as trading, does not need analysis, and deep knowledge. for the amount of risk in gambling it cannot be changed with your power, skills do not play a role in gambling, doesnt like in trading.

[beerlover]

I would say that trading is just the same as gambling. And I will be listing down some of the similarities below :

*Both gambling and trading works with studying past result and making analysis to study   the form of each horse in other to get an edge in the game, and despite all, there is no possibility of getting consistent profit on a daily basis with both trading and gambling.
*Both games involve risk.it takes a risk taker to gamble and that’s the same as trading.
*Skills* to be a good trader, especially a long-term trader, there is need to study the economic forecasts and always put an eye on events that occur globally and to also be a professional gambler, especially sports betting, it is also very important to study .

[Ipwich]

I would say that trading is just the same as gambling. And I will be listing down some of the similarities below :

~snip

Some people does not know that there are gambling that you can play based on luck only as there is a house edge.
If games like that, there is no way we can win, we can study and make strategy but for sure it will not work long term.

The items you listed will only apply if you are doing a skilled based gambling.

[jrrsparkles]

Not similarities IMO gambling has a loss until your funds run out are not left but if you win it will get more profit fast, while trading is a system of demand and supply if you lose only a little and if you get win only a little profit. Gambling is a game to look for luck while trading must master market strategy skills.

You right, I think there is no outline similarity between gambling and trading, gambling does not need skills such as trading, does not need analysis, and deep knowledge. for the amount of risk in gambling it cannot be changed with your power, skills do not play a role in gambling, doesnt like in trading.

There are some games to bet with your analytical skills like sport betting but you need luck when you want to gamble whether in trading you need skills as well as luck to stay as a successful trader in long term.

You can see the above posts to get what are the similarities for trading and gambling.

[carlfebz2]

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?

Anything on this market which do involve investment or putting up some money to earn money would always have that corresponding risk being tied up.This is the similarities between trading and gambling
but the level of risk can be adjusted but only possible on trading and wont be possible on gambling which do have pure luck( there are skill based gambling though) but lets talk generally on luck based.
Also trading is meant for long term and gambling is just for entertainment purely not on profit making.

[Lawrenzoo]

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

[Finestream]

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.