Outside risk: similarities between gambling and trading?

[BeGoods]

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.

I think it's not about strong man or not, I use trading and gambling also on the same day but I don't call myself strong, but you need the right plan and strategy. You can't depend on gambling for profit, so don't ever expect too much on gambling. just play with usual for fun. use only a few percent of your money to gamble, and gambling will have no effect on your trade

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[AjithBtc]

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.

I think it's not about strong man or not, I use trading and gambling also on the same day but I don't call myself strong, but you need the right plan and strategy. You can't depend on gambling for profit, so don't ever expect too much on gambling. just play with usual for fun. use only a few percent of your money to gamble, and gambling will have no effect on your trade

Being strong doesn't help with gambling or trade as mentioned, from my understanding if an user is strong with lot of funds then it'd be good for him to choose the right odds and when it comes to trading user can have patience. If one has the ability then surely succes is all ours. There isn't much of similarities, but both have some form of risk associated with it.

[Cosbycoin]

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.

I think it's not about strong man or not, I use trading and gambling also on the same day but I don't call myself strong, but you need the right plan and strategy. You can't depend on gambling for profit, so don't ever expect too much on gambling. just play with usual for fun. use only a few percent of your money to gamble, and gambling will have no effect on your trade

Absolutely right! There is no effect of gambling on your crypto trade if you do not lose all your wallet in gambling. There should be a small limit for gambling if one loves to do it otherwise there is no point is starting gambling for money purpose. Yes, there exist a lot of fun and enjoyment for you but not sure about this a good source for making money. Trading can help you out in making profit only if you are good at.

[btcmegastar]

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.

Yes, in this two-sector there is huge risk involved in it, one thing i want to clear is through trading even though we lost but the coin will remain with us, through gambling it is final one which we don't have any choice of making money in future, but the similarity is risk and unpredictability.

[GregH37]

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.

I think it's not about strong man or not, I use trading and gambling also on the same day but I don't call myself strong, but you need the right plan and strategy. You can't depend on gambling for profit, so don't ever expect too much on gambling. just play with usual for fun. use only a few percent of your money to gamble, and gambling will have no effect on your trade

Being strong doesn't help with gambling or trade as mentioned, from my understanding if an user is strong with lot of funds then it'd be good for him to choose the right odds and when it comes to trading user can have patience. If one has the ability then surely succes is all ours. There isn't much of similarities, but both have some form of risk associated with it.

I understand what it means to have the right strategy and plan to play both games but I like the upper poster said it takes been strong to be involved in this two. Forget the idea of playing and having fun in gambling; as long as money is involved I feel it’s not easy for anyone to take loss.

Just imagine that you commit big money in trading and also part in gambling, while you just lost in gambling, only to check your trading balance and realize that it is going to negative, if you are not strong, I bet you would have increased blood pressure. You will even forget the so called fun you had in gambling immediately. It’s better to trade and forget gambling or gamble and forget trading, this two cannot be done by an ordinary man, it takes only those who are strong like you to do this lol.

[leowonderful]

If you’re not skilled enough at trading and properly managing risk you might as well just go to a casino and gamble away the money you plan on trading. While trading can potentially provide somewhat consistent profits to some, most people end up throwing away money with trading; as long as you’re giving yourself an edge with every trade you make you can have a prediction accuracy of even 40–50% and still make money, as long as you’re managing your risk properly, whereas games like dice and roulette have a large amount of house edge and you are essentially guaranteed to lose money long-term.

[_Django05_]

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?

One significant distinction between trading and gambling is that when you gamble, you will have a negative anticipated return. Simply put it this way, the house is expected to win upon the long run, on trading, however, if done skillfully, can place you in the position of the house.

[dunfida]

If you’re not skilled enough at trading and properly managing risk you might as well just go to a casino and gamble away the money you plan on trading. While trading can potentially provide somewhat consistent profits to some, most people end up throwing away money with trading; as long as you’re giving yourself an edge with every trade you make you can have a prediction accuracy of even 40–50% and still make money, as long as you’re managing your risk properly, whereas games like dice and roulette have a large amount of house edge and you are essentially guaranteed to lose money long-term.

This is correct yet chances or odds compared between with gambling and trading do really matters yet luck and skills is different yet nor to be applied on different things
which do simply lessen up the risk and the potential on making profits.

Someone would really need to know on how to manage risk if they are targeting for longer profits.Both have risk but on different levels.

[qwertyup23]

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?

Both involve risk and the odds may differ depending on the situation but trading heavily involves skill. Unlike gambling wherein you rely purely on luck, trading involves researching, studying the market, and observing the market trends. You can alter the situation depending on your findings and predict what might be the price based from all your research.

Gambling, on the other hand, primarily depends on luck and the odds. Sure, there may be some techniques about probability and some shenanigans but if the odds are not on your favour, then you are bound to lose. Not to mention, the risk of addiction to gambling can also accumulate and potentially destroy your career.

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.

It highly depends on the situation. You can also compare a newbie trader vs a newbie gambler and the results may vary depending on the circumstances. In your case, being a sports better involves a series of considerations among the teams and doing analysis on their performances. I cannot say that it is purely on gambling but there involves some skill and research beforehand.

[Noilee]

I think both have a similarities, like they have a risk that you will loss if you dont have enough skills or some strategy. In gambling its so fast to loss your money if you are not lucky, while in trading its been a bit longer of time whether you earn profit or not that it needs patient.

[emmybd]

I don't think that there is a lot of similarities between them. As gambling is purely based on luck, on the other hand, in trading experience, knowledge and technical skills count.

[Whosdaddy]

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.

Yes, in this two-sector there is huge risk involved in it, one thing i want to clear is through trading even though we lost but the coin will remain with us, through gambling it is final one which we don't have any choice of making money in future, but the similarity is risk and unpredictability.

The closest similarity between both trading and gambling is the risk involved and another similarity is that both gamblers and traders are always impatient. Like you said, if traders can be patient, then they losses they can likely encounter in gambling would be minimized but then they wouldn’t and it is the same impatience that would make a gambler go into gambling without learning the dos and don’ts of the game.

If strong in the context means both having the ability to take risks, then I think it is very right because both gamblers and traders are very good with taking risk because it’s not easy to  play gambling or even trade.

[redsun114]

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.

Yes, in this two-sector there is huge risk involved in it, one thing i want to clear is through trading even though we lost but the coin will remain with us, through gambling it is final one which we don't have any choice of making money in future, but the similarity is risk and unpredictability.

No doubt, both are risky but gambling is even more risky than trading due to several reasons. Trading is risky if the user does not know anything about it or have little knowledge of it. It needs market research and perseverance dedication to deal with it as it is not fun. Playing games is a fun although gamblers can make money here but there is 50, 50 possibilities either to lose or win. Your money is the final one here while in trading you can control situation if you know the skill how to fix things.

[Ucy]

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.

Can Stock and forex trading be regarded as gambling?
Well I think crypto trading is a lot more predictable than gambling, it depends on the kind of gambling though. You can easily make some successful trades a day by simply applying  buy low, sell high strategy on major cryptocurrencies.  I don't know if this is possible with gambling?

[rizkyhiw]

I don't think that there is a lot of similarities between them. As gambling is purely based on luck, on the other hand, in trading experience, knowledge and technical skills count.

Indeed, there are many who believe that gambling depends on luck and that it all depends on how people gamble and trade, when trade can be done with analysis or prediction there also depends on luck to benefit both, but very different when gambling is very difficult to get rather than trading, all returns to how we play it all to make a profit, of course the risk is enormous and the biggest risk is gambling when you lose it has arrived at that moment.

[Finestream]

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.

Yes, in this two-sector there is huge risk involved in it, one thing i want to clear is through trading even though we lost but the coin will remain with us, through gambling it is final one which we don't have any choice of making money in future, but the similarity is risk and unpredictability.

No doubt, both are risky but gambling is even more risky than trading due to several reasons. Trading is risky if the user does not know anything about it or have little knowledge of it. It needs market research and perseverance dedication to deal with it as it is not fun. Playing games is a fun although gamblers can make money here but there is 50, 50 possibilities either to lose or win. Your money is the final one here while in trading you can control situation if you know the skill how to fix things.

Right.Gambling and trading have both risks but i think there is more risks in gambling as it is only purely based on luck unlike trading that has higher chances to make profits if you know how to trade whatever the condition of the market.They both entertained people but when we talk of profit making,there is more security in trading rather than in gambling.

[radjie]

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.

Can Stock and forex trading be regarded as gambling?
Well I think crypto trading is a lot more predictable than gambling, it depends on the kind of gambling though. You can easily make some successful trades a day by simply applying  buy low, sell high strategy on major cryptocurrencies.  I don't know if this is possible with gambling?

I don't think the two have anything in common even though both of them have risks. gambling is known by most people as a game based on luck, therefore many people who gamble only seek pleasure. different from trading, someone who trades with cryptocurrency certainly has a profit target that must be obtained, for example by using a basic trading strategy to buy low and sell it when prices rise, and in trade of course we can predict profits to be earned, but in gambling profit is not can be predicted with certainty because the game is only based on luck

[leowonderful]

If you’re not skilled enough at trading and properly managing risk you might as well just go to a casino and gamble away the money you plan on trading. While trading can potentially provide somewhat consistent profits to some, most people end up throwing away money with trading; as long as you’re giving yourself an edge with every trade you make you can have a prediction accuracy of even 40–50% and still make money, as long as you’re managing your risk properly, whereas games like dice and roulette have a large amount of house edge and you are essentially guaranteed to lose money long-term.

This is correct yet chances or odds compared between with gambling and trading do really matters yet luck and skills is different yet nor to be applied on different things
which do simply lessen up the risk and the potential on making profits.

Someone would really need to know on how to manage risk if they are targeting for longer profits.Both have risk but on different levels.

There's also much less documentation on how to make money gambling compared to making money trading. There's a massive amount of material out there for you to study trading and various indicators and other strategies that can assist you in making money profit trading, whereas there's much less on managing risk and selecting the right games to play with gambling to make a profit, etc, though certain aspects of risk and your bankroll management can be transferred over. Really depends how much experience you've got in either trading or gambling that determines how good you are at it in the end, though I feel it's much easier to get into trading than gambling for a profit.

[mornabo]

I don't think that there is a lot of similarities between them. As gambling is purely based on luck, on the other hand, in trading experience, knowledge and technical skills count.

Indeed, there are many who believe that gambling depends on luck and that it all depends on how people gamble and trade, when trade can be done with analysis or prediction there also depends on luck to benefit both, but very different when gambling is very difficult to get rather than trading, all returns to how we play it all to make a profit, of course the risk is enormous and the biggest risk is gambling when you lose it has arrived at that moment.

Trade does need luck too, but it doesn't mean depend on luck to profit. whereas gambling more than 90%, win may be determined by luck, that's the basic difference. so there is no direct relationship between trade and gambling, they are different for determining profits and winnings

[ausbit]

I think both have a similarities, like they have a risk that you will loss if you dont have enough skills or some strategy. In gambling its so fast to loss your money if you are not lucky, while in trading its been a bit longer of time whether you earn profit or not that it needs patient.

Risk is not just a similarity between trading and gambling.  Risk is in something that is very common with everything in life. In short life itself is a risk, so there is nothing spectacular that would make trading and gambling share a common risk.

I do not see any similarity between this two. Comparing a game of fun to a serious business of investment is really absurd. Good money is always involved in trading but for gambling its always spare money we can afford to lose. In trading, a trader is always tensed and full of fear till the end of the trade while in gambling the player are busy having fun and do not bother if a loss is made or.