Trading, gambling and binary options. Which one you prefer?

[coinfinger]

I guess you could post it on the gambling section and probably get around the same level of responses there as well. Gamblers know what they are doing and traders know what they are doing, they both realize what they are doing is totally opposites of each other so none of them really does it not knowing what the other option is.

Traders knows that gambling is a bigger risk and there is house edge so they will most probably lose if they gamble, however there is a chance of making more profits more quickly and that is why gamblers do what they do. Gamblers knows that trading is less risky, still quite risky but at least no house edge and that is why traders trade, and gamblers still gamble knowing that.

So, there is really no point in asking in anywhere since both of those people know the other one and why they do what they do.

Gambling seems to be something a lot of people are doing more of right now and that has nothing to do with profiting or investment. They are gambling a lot more because they are stuck at home and they have nothing else to do.

Some people like reading books, some people like watching the new season of la casa de papel, some people like playing games, and obviously some people prefer gambling over all of those and those people realized they do not have some minutes to gamble as much as they can and instead they have all the time in the world so people are gambling a lot more. This doesn't mean that more people prefer gambling, A LOT more people still prefer trading but that gap is closing the more people stay at home, you can trade only so much but you can gamble until your money dries out.

[Yamifoud]

We can say that most of the time, people would choose trading especially for novice or amateurs here in crypto. In gambling, if it's not the scam that's the risk then it is the full loss you get in betting. You'll lose your bet in gambling, while in trading you could still recover slowly.
The idea of high risk = high reward still applies, so it depends how financially stable you are.

Thus, it is pretty obvious what we can possibly get from trading.
People will go for gambling because they have enough money to lose. Unlike if you are in trading because you probably have a chance to double your money or even more if you are skilled enough in trading and perfectly in time. Though we think that trading is high risk but we can't disregard how gambling could do for us. It might be worse than trading IMO.

[gudongud]

There is another of way of trading which is trading+gambling.

Yes, trading+gambling = scalping. You may prefer it for quick profit making.

[Emitdama]

There is another of way of trading which is trading+gambling.

Yes, trading+gambling = scalping. You may prefer it for quick profit making.

I have tried scalping on BTC/USD pair as one of my friend suggested it for scalping as this pair has more volume but for same level of capital with holding, I made more profits. So, you may stop recommending for scalping. It is not a way to trade cryptos.

In my experience scalping is too different from other way of trading because,
1. Scalping is suitable only in derivative exchanges and not in spot trading (shorting is not supported in spot trading).
2. You must use stop-loss otherwise you may not able to go for another scalping within a day.
3. Usually scalping traders are not into any analysis as all levels are entry/exit levels for them.
4. For profitable scalping, you must choose cheaper trading fee platform. Otherwise your fees may exceed all your profits.
5. Like you mentioned, scalping is just like rolling dice, you may get your results in seconds to minutes.

[el kaka22]

I have tried scalping on BTC/USD pair as one of my friend suggested it for scalping as this pair has more volume but for same level of capital with holding, I made more profits. So, you may stop recommending for scalping. It is not a way to trade cryptos.

I also have tried almost all the methods of trading under the sun and I can tell you that I have failed all of them, every single one of them. Right now, the only thing I have managed so far without any problem is buying long term and keep buying and buying to increase my bitcoin number, that way I can actually increase my bitcoins but also if there are any falls I am taking advantage of that as well.

Whenever there is a fall, that means cheaper bitcoin for me, if it goes up I still buy anyway because I believe the price will constantly go up and up and never go down in the long term, so if I purchase today and it drops, I know in a month it will recover and make me profit.

[Kasabus]

We can say that most of the time, people would choose trading especially for novice or amateurs here in crypto. In gambling, if it's not the scam that's the risk then it is the full loss you get in betting. You'll lose your bet in gambling, while in trading you could still recover slowly.
The idea of high risk = high reward still applies, so it depends how financially stable you are.

Thus, it is pretty obvious what we can possibly get from trading.
People will go for gambling because they have enough money to lose. Unlike if you are in trading because you probably have a chance to double your money or even more if you are skilled enough in trading and perfectly in time. Though we think that trading is high risk but we can't disregard how gambling could do for us. It might be worse than trading IMO.

Yes. I guess trading and gambling are both risky but the only difference is that you will have more chances of making profits in trading rather than in gambling. Gambling is only good for fun and entertainment purposes only but if you think of making profits from it, you'll probably lose even more.

[carlfebz2]

We can say that most of the time, people would choose trading especially for novice or amateurs here in crypto. In gambling, if it's not the scam that's the risk then it is the full loss you get in betting. You'll lose your bet in gambling, while in trading you could still recover slowly.
The idea of high risk = high reward still applies, so it depends how financially stable you are.

Thus, it is pretty obvious what we can possibly get from trading.
People will go for gambling because they have enough money to lose. Unlike if you are in trading because you probably have a chance to double your money or even more if you are skilled enough in trading and perfectly in time. Though we think that trading is high risk but we can't disregard how gambling could do for us. It might be worse than trading IMO.

Yes. I guess trading and gambling are both risky but the only difference is that you will have more chances of making profits in trading rather than in gambling. Gambling is only good for fun and entertainment purposes only but if you think of making profits from it, you'll probably lose even more.

They do differ on level of risk since we know that luck based cant really be influenced by any strategies unless if you do play sports or card games which do require knowledge and skills.
There are areas of gambling that do need these factors for us to be profitable and same goes with trading which do definitely needs skills and good decision making when dealing with the market.
For you to be successful or profitable then dont treat trading as gamble because there are really times that people are just carelessly putting out their positions without any basis.

[Sanitough]

Gambling should be more fun for me, it's more challenging also as I can enjoy it while I can win if I'll become successful as an sports bettor.
This is the path that I choose, I don't gamble on games where is the house edge as we will never win on that one, it's just for pure entertainment only.

For me, we have to focus, whether we want to be a trader or a gambler as with focus, we will be able to improve our strategy.

[wozzek23]

The three things you have mentioned here are all risky jobs for anyone to do, but if I’m to take one off this list I will be removing that gambling; I’m not a fan of gambling and I have never been a part, no offense to those that are into it, I don’t mean anything bad, I simply don’t like it, so I’m not interested. Options trading is something that I have been part of.

When I started it I never really understood what it was all about, I thought it was forex trading, because they were kind of similar to each other. It was after sometime that I got to understand it, but I have not been into it for sometime now. And as for cryptocurrency trading, I’m not regular in it, I mostly do HODL.

[Findingnemo]

All those three things were different from each other on their operation and almost each has same amount of risk but I will choose trading over other things because trading looks profitable in long term while other two things are like hit and run with profits only for few times.

[samcrypto]

All those three things were different from each other on their operation and almost each has same amount of risk but I will choose trading over other things because trading looks profitable in long term while other two things are like hit and run with profits only for few times.

In trading you will not depend on our luck 100%, if you work hard on it then good profit will come and this is why I will also go for trading. Honestly, I don’t have enough experience ok Binary option but I know its risk, while gambling is pure of luck and I lose money so many times in gambling.

[NavI_027]

As of now, I'm just focus on gambling because that's what I already do when I was in highschool lol . I am not saying that I'm really gooad at it but at least I've got the basic knowledge and guts to deal with it. Though I badly want to try daytrading but I really can't because of lack of funds/equipment (e.g. computer) as well as the basics. Another hindrance that I get is my busy sched. So far, I can't find time got that but as soon as I finished what I need to finish then I would love to try it of course .

[Arcas]

Right now is better for joining future trading in Binance because you have bigger chance to get profit with your assets than gambling, you have large chance when getting bitcoin with lower price and you can put buy order. There will give big chance depend with how much money do you use for binance future trading.

[lixer]

Honestly there is no option for that but I would say investment. I realized long time ago that I will not become rich over night, there is no way I can make so much money from trading that I could quit work and just relax in my life, that requires me to make about 10000000% in profit or something because I do need a lot of money to quit everything.

However what I can achieve is investing into stuff that gives me passive income and keep on investing back to them constantly to increase my passive income. That way I do not need to have cash in hand to retire, that would take a long time, however I could possibly just have a decent passive income instead and use that to retire. Which is why I have been investing for years now, I am not anywhere near where I want but at least I started down the path.

[Findingnemo]

All those three things were different from each other on their operation and almost each has same amount of risk but I will choose trading over other things because trading looks profitable in long term while other two things are like hit and run with profits only for few times.

In trading you will not depend on our luck 100%, if you work hard on it then good profit will come and this is why I will also go for trading. Honestly, I don’t have enough experience ok Binary option but I know its risk, while gambling is pure of luck and I lose money so many times in gambling.

There is no transparency on binary trading so even if you are supposed to make money the platform may scam you and not willing to pay the profits to you and there are many proofs available even for reputed binary trading platforms so choosing gambling is better than binary trading but both are not really for money-making.

[wozzek23]

you are betting on an outcome with binary options as you would betting on an event at a casino.

This is one of the simple reason why people are still comparing gambling with trading. But in my experience after gaining lots of knowledge on these two, I must say these two are completely different thing and we must need different approaches in order to find success in respective field. If you try in one by assuming like another one then definitely you will face big disasters at the end of the day.

After many days of experiment, I have decided to try only  trading and a leaving off all other things because in my experience, gambling is not meant for money making but trading is purely designed to find opportunities to make big profits out of small capital. But, trading requires a typical approach and if you are failing to give that then trading will become gambling which means no big differences in the results (given that in gambling house will always win).

[TrevorS]

indeed some people make gambling their livelihood. but sooner or later they will fall deeper. and true, gambling is not something that is said to win or lose, but where when they get good luck and managed to go further than what was expected.

I agree. It is very difficult not to fall below when you are completely absorbed and give yourself up to gambling.
Without connection with the values of family and friends, this will happen anyway.
Each addict must be very responsible about his life and build connections with values that can help him not fall into bad conditions for him.

[MCobian]

Of course I would choose trading over gambling and binary options, we know the trading to be able to make a profit. And for gambling,
I only use it for fun, whereas binary options are not interested at all. So we must can make decisions wisely, lest we choose wrong and
can ruin everything. I believe trading can produce profit that I can use to buy my daily needs. Besides, I have been trading since 2014,
so I am sure with trading compared to others.

[ChronoLite]

im gonna go with trading. gambling is not a great idea to make money and binary options is one of gambling but it has "trading" mechanic even though you didn't get your order after buying it, when you lose on binary options you lose all of your money which means that is gambling. will prefer trading because even though we lose, you can still get your portion of money back

[Latviand]

Before I started trading, I started gambling in casinos, in freebitcoin, and it consumed me all day, in fact I think I lost much more than I won, today I prefer trading because you can make plans and strategies, some people It does not matter and they confuse trading as gambling and they may find it, but when they run out of luck it is when they will know that it is best to prepare, because today I see trading as a business. In my case I prefer Trading.

Most of the gambling games in a casino are luck-based games so that you have no full control of your money. That's the main disadvantages of gambling, it is really hard to make profits out of it.

While in trading, you have your own decision, own strategies, and own technical analysis in the market so that you can secure your profits and minimize your losses..

It is much better to do trading rather than in gambling, most of the people know that.

Even though it's entirely possible you might be able to make a living from trading, it's unrealistic to expect to do so because most people just don't even make money from trading overall. It's a tough task.

Not all of us have the ability to make money in trading because it needs a lot of experience and skills to become more effective in the market. We have different skills and approach in trading, it depends on you if you are willing to grow in trading.

Gambling is not meant for making profits so just skip the gambling at first. You realized that long term is best among all kind of trading methods because it doesn't need much efforts all you have to do is wait and get reap when it is available for you.

Just like what I've said, it is not the best option to do if you want to have a stable profit.

Gambling and trading is both risky, but in trading, your assets are more secured and you can control yourself. I do trading for so many years because I want to secure my future that's why I'm doing my best in performing technical analysis every time I prepare myself in before making transactions.