Can trading be likened to gambling and how so?

[yhiaali3]

As for me, trading and gambling are far different and we no longer compared them or even argue about them. Note that in gambling we only have a very slim win but in trading, we can possibly get more and our chance is high especially if you have a deep knowledge about this.

Your words are completely correct, of course, trading and gambling are completely different, I meant my words only some people, these are gambles trading in a gambling way buying a coin without any study or analysis and waiting for their luck just like gambling either profit or either a loss, this method of trading is definitely wrong but the gamblers do not care very much because they are used to losing money.

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[|MINER|]

~sniff~

Yes trading can be compared to gambling when you are trading futures. Because there the trader has to do hedging and speculation and I think it almost falls into the queue of gambling. Also, I can't compare normal trading with gambling because it won't loss the whole investment  in once, maybe the price will decrease compared to stable coins for bearish markets. On the others hand  when you will going for gambling then you have to chances to loss the whole investment in once. So normal trading will never be called gambling

[sensimilia]

I don't know how people compare trading as gambling . I don't think it could be because where you are going to gamble there have two chance one is win on the other hand loose the ath at once. And in trading there you are not gonna loose the whole thing at once like gamble here your investment value will be low when market is dumping and it can be recover waiting after a certain time when market again pump. So I think those two things couldn't the same

[justdimin]

Trading and gambling may somewhat be alike because both share risks. However, with trading, your profits rely solely on how you trade using your strategies and skills, if you are a pro trader, the outcome will have more chances to be on your favor. While in gambling, whether in sports betting, slots or lottery, there will always be chance based or luck. And the fact that you're gambling, its mostly the house that takes an edge and wins over the players. Trading may most likely to fall in gambling when you trade without bases and predictions, because in gambling you can't predict anything, everything are just driven by chances or luck. And this is one thing that pro traders should have to avoid to prevent unexpected losses.

Gambling is against a casino, it’s designed to make you lose money, trading is not designed to make you lose money, it's designed to make you learn how to trade so you could profit from it. This is why I highly suggest people to be careful about trading, but they shouldn't be scared that they would constantly lose.

Additionally, when you are gambling regular house games like dice or slots, you will guaranteed to lose after even years of gambling. Whereas when you are trading if you do that for many years then you will get better and you will be profiting a lot more. This is why I have to say that trading is nothing like gambling and those two are very very different.

[Viscore]

Trading (can be the same with investing) being gambling or not will completely depend on the person if he/she is actually making informed decisions or are just going at it haphazardly. Trading is obviously far closer to gambling though, due to short-term movements being A LOT more unpredictable.

Trading may end up like gambling if the trader alone also thinks that way, and that he can’t be sure of what he’s really into so he considers trading like gambling. Although it’s way too different for us who are into gambling and trading at the same time, but for some who are still newbies both in trading and gambling, it’s not surprising that their views on them will be somehow confusing. But one thing is certain, trading guarantees more profits if you also trade with knowledge and positive experiences. And you make use of your proven strategies to gain and win.

[lalabotax]

~sniff~

Yes trading can be compared to gambling when you are trading futures. Because there the trader has to do hedging and speculation and I think it almost falls into the queue of gambling.

I also think so. Trading future is high risk and although we have been analyzing the market based on charts and indicators TA and FA, the results may also be still unpredictable. Sometimes, the prediction and speculation meet our expectations and relaity. But sometimes, they are going differently and make us lose much.
In this case, if also a trading done without any good knowledge and analysis, it is also considered as a gambling for me, moreover if we are trading or investing in new project in which we don't exactly know if they are really legit or not in the future

[kawetsriyanto]

Trading may end up like gambling if the trader alone also thinks that way, and that he can’t be sure of what he’s really into so he considers trading like gambling. Although it’s way too different for us who are into gambling and trading at the same time, but for some who are still newbies both in trading and gambling, it’s not surprising that their views on them will be somehow confusing. But one thing is certain, trading guarantees more profits if you also trade with knowledge and positive experiences. And you make use of your proven strategies to gain and win.

Well, it is true that it depends on how to trade and how the knowledge of a trader. If he has sufficient knowledge and trade using a good strategy, it won't lead to a gambling result (success opportunity 50:50). I mean the chance to succeed in trading can be higher if a trader knows well how to trade properly. While in gambling, commonly the chance to win is always 50:50 because success is based on luck. However, if a trader uses a haphazard way in trading, the success opportunity probably will be the same as gambling.

[worle1bm]

I personally feel gambling is entirely different from trading and can't be used interchangeably as gambling is pure luck while in trading you have to look at whole market and make strategies to move further and make profits.In gambling you place bet and rest depends on outcome while in trading you choose the coin and money you want to invest on and you can make profits out of them.So this is my approach but it could be different from others.

[Agbe]

Example:
For when we want to gamble, let say in sport football specifically, we look at certain criteria that aid us to a good bet, such as:
1> Head to Head
2> current form of the club and position on the table.
3> The strength of the opponent, etc.

Likewise in trading before we trade we look as certain measures such as:
1> Market trend and direction
2> The price level, market news and some other criteria too.

Now we all know that before going into trading or gambling its advisable to be emotionally stable and to involve a certain sum you're willing to risk etc, all these are similarities shared both in gambling and trading too.

With  these few above I think a clear discussion can well surface to clear the air about a likelihood or not.

I believe this has been discussed sometime again, but I can not really know the particular thread again. The examples that have been given are really found for the both areas but they are entirely different group of people and different planning and different aims and goals. In my own understanding of these two things. Gambling is the process of betting with a machine or between two friends or people among themselves. While trading is the process of buying and selling of goods and service in a market. so in trading you don't have that high tension as gambling. Though many people said, Trading is also gambling but as me, I didn't see it in that way. Although they have similarities of tools but those tools are used in different directions not the same. In fiat market, women of illiteracy can go to the market and buy and sell by using the local language or breaking language. But in crypto trading I don't think that illiterate can trade with the crypto market because it needs highly intellect to trade, therefore, in conclusion, they are different and not the same.

[libert19]

Tbf life itself can be compared to gambling

[AakZaki]

Trading and gambling are two different concepts which I see not to be the same, but thou they both involves risk taking, critical thinking, and experience but I still not  see them to be the same. Trading involves giving an item in exchange for the other, which could be money or an asset while gambling involves prediction of a possible outcome of an event, which if it's true you wins but if false, you lose

The most basic difference between trading and gambling is in the control of money.

If you gamble you deposit capital to bet and when you have placed a gambling position you lose control of your money entirely, where when you lose all the capital you deposited will disappear, but on the contrary if you win your capital can double.

If you trade, you deposit capital to bet, where you alone can determine whether you win or lose.

In trading you are in full control of your money, you decide when you want to sell or buy. because even if your trading is a loss, you will not lose all of the capital you deposited in the trade because the losses and profits are calculated based on the difference between the buying and selling prices which is a percentage of capital.

Gambling = No control after placing a position
Trading = Full control after placing a position

[Ziskinberg]

Trading - is not gambling - it a self-explanatory and doesn't require luck but requires trading knowledge, skill, and strategies.
Gambling - is not trading as well - it needs luck, pure luck especially dice and card games

They both are risky, they need money, that is all I see their similarities but in regards to which one is profitable - trading is the answer. Ohh, don't get make yourselves confused as to no reason that trading can be like gambling.

[hashrateproducts]

Trading and gambling have the same area of concentration because they both required money to start. They both shared the same risks and need decisive options in other to earn Profits. As for trading, one needs to pass through the normal process, which is to study and Know the different types of charts and how the entire Crypto market operates rather than just mere sitting down and guessing. Gambling involves only mere guess and luck, although some long time gamblers have their won experience and tactics they use in gambling.

[tvplus006]

If you open trades based only on your intuition and not on technical analysis, your strategy will be comparable to a casino. Using risk management, you can significantly reduce the risk of losing your deposit. And if the trader does not adhere to this, then his strategy will be comparable to gambling and as a result, there may be a dependency that is inherent in gambling.

[virasisog]

Trading - is not gambling - it a self-explanatory and doesn't require luck but requires trading knowledge, skill, and strategies.
Gambling - is not trading as well - it needs luck, pure luck, especially dice and card games

They both are risky, they need money, that is all I see their similarities but in regards to which one is profitable - trading is the answer. Ohh, don't get make yourselves confused as to no reason that trading can be like gambling.

Yea, they have similarities when it comes to risks but they both work in different ways. Trading can be profitable if we are skilled enough to do it while gambling can only be profitable if we get lucky on it. For me, trading has a bigger assurance of getting a profit especially if we know how to apply the different strategies based on how we do technical analysis. It needs more logical and technical understanding compared to gambling.

[Alisha-k]

Gambling and trading have two broad path that will never cross each other. For gambling you make predictions based on past performances, Strength of the team especially in soccer but for trading past trends repeats its self and if you make predictions based on the market trends it is always difficult to record more losses than profit. The only time gambling and trading share similarities is if the trader places a trade without analysis

[SirLancelot]

Gambling can be likened to trading in one way, and it cannot be likened from another, gambling depends entirely on luck, while trading depends on luck sometimes only. The direction of prices, but sometimes a sudden event happens that changes all these factors in a completely different direction, in this case it can be similar to gambling.
Some people trade in a way that is just like gambling, they buy a coin randomly without any study or analysis and wait for a stroke of luck maybe the coin will rise, this is very similar to gambling.

It was the casino games are the ones that entirely depend on luck but if it was sports betting, you have a team or a player that you can analyze if what are their skills. From there you can make a prediction if who among them will perform better during the match.

If they will just trade like they are gambling then why can't they play gambling instead? They can gain certain benefits through it like cash back and any loss or win can contribute something to level up their account which they can then get a reward and most importantly is they will get entertained but if they want to earn a profit then trading should be the way and they must take it seriously.

[freedomgo]

Trading (can be the same with investing) being gambling or not will completely depend on the person if he/she is actually making informed decisions or are just going at it haphazardly. Trading is obviously far closer to gambling though, due to short-term movements being A LOT more unpredictable.

Trading and gambling are closely related but they are not totally alike. While gambling mostly end up in losing, regardless if you are a pro or not, losses will always be inevitable. However, trading becomes more like gambling too if you only trade without setting a target. Its like you only trade because you feel so, because you think the market is good to trade, but without good market analysis and real strategies to gain, your trading will always end up like gambling.

[Ryker1]

Trading and gambling have the same area of concentration because they both required money to start. They both shared the same risks and need decisive options in other to earn Profits. As for trading, one needs to pass through the normal process, which is to study and Know the different types of charts and how the entire Crypto market operates rather than just mere sitting down and guessing. Gambling involves only mere guess and luck, although some long time gamblers have their won experience and tactics they use in gambling.

Well in short, --if you don't have knowledge in trading it will turn out to be gambling because you are more on guessing rather than having analysis for your possible position. The same on investing in meme coins which you don't know whenit will pump and you know the characteristics they have no real use and the price was based on the community. So if you invested it, you gamble your money, and the chances of winning are quite low and it is a high risk.

[Kasabus]

Trading can be compared to gambling in the sense that in both of them you basically make 'bets' on the outcome of a certain event at a certain time.
But there is a big difference between the two --> in gambling you are doomed to lose while you can make a good living out of trading, but it takes tremendous amount of work and dedication.

Another important distinction is that in gambling you always know how much you're losing on a single game (you can't lose more than what you bet), while in trading you can get your whole account erased if you don't apply sounds risk management principles.

Yes, basically both gambling and trading have their own risks. But the only difference is that in gambling, the outcome is more uncontrollable. Even if you think you have made your best bet, but the result still goes the opposite. While in trading, provided that you have good experience and well managed strategies that have proven useful in most of your trades, most likely the outcome is very positive. Although there are also number of gamblers who create fortune through betting, but most likely its more on trading that gives us a good living.