Can trading be likened to gambling and how so?

[stomachgrowls]

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.

On things that you dont have any idea on what you are doing and specially dealing off with money or real funds then it is really actually be considered to be gambling even you do make yourself get engaged in trading.

Imagine on things that you have been doing but doesnt really have the idea on what it is or even knowing or doing the basics then you would just simply thrown out some decisions without basis and knowing trading
which does really need that analysis so that you could really able to make a good position and ending up profitable but if not then expect for these outcomes to happen.

If you do like for you to have better chance on having profitable trades then you should do analysis and do make out some research which you do hone up your skills with the
experience you do get along the way.

[1715503732]

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[GeorgeJohn]

This is a nice question from my perspective. I believe that trading is not a gambling because it have it own way of moving and calculation. Because it mostly use technology and wisdom initiative to study and the verify it's way of making profit but when looking at gambling it is not applicable to it, because gambling have another denomination of it calculation and the prediction of them. so I believe that there is something different between both from my explanation

[Silberman]

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.

What happens is that when you gamble the outcome is still completely random regardless of whatever you do to try to improve your chances of predicting what it is going to happen, but when it comes to trading if you have a good strategy then the chances that you can predict with a higher degree of accuracy what may happen next can be really good, this means that you can become profitable with trading, something that is incredibly difficult to do if you try to do the same with gambling.

[Pandu Geddon]

This is a nice question from my perspective. I believe that trading is not a gambling because it have it own way of moving and calculation. Because it mostly use technology and wisdom initiative to study and the verify it's way of making profit but when looking at gambling it is not applicable to it, because gambling have another denomination of it calculation and the prediction of them. so I believe that there is something different between both from my explanation

I also think they are two different things. trading requires more skill and analysis. and it's all learned and we can use some tools to do it. maybe slightly different in futures trading. I see it, almost like gambling in any other form in the crypto market. although you can use market analysis, the possibility of greater risk is in futures trading.

[MCobian]

This is a nice question from my perspective. I believe that trading is not a gambling because it have it own way of moving and calculation. Because it mostly use technology and wisdom initiative to study and the verify it's way of making profit but when looking at gambling it is not applicable to it, because gambling have another denomination of it calculation and the prediction of them. so I believe that there is something different between both from my explanation

There are still many people who equate gambling and trading, even though they are two different things. Most people equate gambling with trading,
I'm sure these people trade without learning about trading first. Because for people who already have knowledge about trading, they can definitely
distinguish between gambling and trading. In fact, I have found that many questions have been asked about the difference between gambling and
trading. We can even find the answer easily on the internet, so we are no longer confused that trading is not gambling.

In my opinion trading is when we can fully control our money after we put up our money, meaning we can sell or buy again at any time to be able to
make a profit. Whereas when gambling if we have put our money in a gambling game we cannot control the money that has been deposited. This means
that our money will double if we win and if we lose we will lose all the money we have deposited. After all, whatever strategy we use when gambling,
in the end it is only our luck that determines. While trading we can rely on our analysis and knowledge to determine strategies that can make us
generate sustainable profits.

[Ahli38]

it seems you have to understand very well what the definition of gambling is so that it will be clear the difference between trading and gambling.

because it is very clear that a trade is not gambling. if we understand the characteristics of gambling.

I will take an example with the definition of a gambling game. A game / thing that is included in the gambling category is when we do not take part or do NOT cause an impact in the game being held.

Example  :

-ball game,
We are players in the ball game and of course if we want to win then we have to train hard, improve skills and so on. so that our chances of winning can be greater if we can play well. (this is not gambling because it is directly involved in the game so our skills have an impact on the outcome of the game)

Now the next thing is if we are not players or do not participate in the ball game and of course we do not have a direct impact that affects the ball game on the field, but we are only spectators and we analyze the skills of players and teams in the football game that we watch. and we guess which one will win and which one will lose. then we bet on which one of the teams will win from the results of our analysis. (this is a gambling) .

if you understand this. then clearly trading cannot be called gambling. because when we are trading, for example we buy 1000BTC then our purchase will have a direct impact on the BTC market price which will rise (we participate in moving market prices / not gambling) .
different from gambling where the money we bet will have absolutely no impact on the market price. our example is doing a guessing game the price of BTC will go up or will go down in the next 1 minute. then we bet 1 million dollars to predict the price will go up. Well our bet will not affect the market price at all. and this is called gambling.

very clear. we analyze the market and trading techniques are so that we become reliable traders. just like a soccer player who trains with his playing skills to become a great player.

then traders and football players are not gamblers.

hope you understand

[Xampeuu]

Trading and gambling are indeed very subtle, the difference is that when we trade, we must have a plan in advance, so that we make transactions according to the framework that has been created, so everything we do in trading is as if there are rules in our opinion, this is different from gambling. who don't know the direction and purpose of making transactions, even the risk and reward don't seem to be taken into account first

[danherbias07]

Risk and emotional stability. Both have the same structure to comprehend.
There are different games in gambling though, some need analysis and some are just pure luck base or mathematics.
IMO, trading has more emotional stress than gambling. Perhaps being in the industry for long will take away the fun in it while it doesn't in gambling. The entertainment stays especially in sports betting.
Trading became a living.
Gambling was more "risking" and adding excitement to the game.
So it's a no for me as a comparison.

[Danydee72]

The question reminds me of Mr. Goxx trading cryptos. These who don't know Mr. Goxx: It was a hamster trading cryptos. And he made some money!

So yes, trading may be some sort of gambling. It depends how you trade. You may follow an "influencer" like Mr. Goxx or decide to buy cryptos just because you feel something warm about it. Then it's gambling.
Sometimes even this kind of investment may be a good one. But everyone should know about chances to fail. If you begin to apply methods to move chances, the gambling factor will shrink and your actions consist more and more some sort of trading factors. But gambling somehow resists, just because we are not able to predict future. Maybe gambling is not the right word in this situation. I'ts more like guessing or prediction. And the key will be a appropriate timing. Just moving chances on everyones personal side. Step by Step.

[AakZaki]

Trading and gambling are indeed very subtle, the difference is that when we trade, we must have a plan in advance, so that we make transactions according to the framework that has been created, so everything we do in trading is as if there are rules in our opinion, this is different from gambling. who don't know the direction and purpose of making transactions, even the risk and reward don't seem to be taken into account first

Trading does have rules and analyzes that are made to predict prices that will occur later.
but gambling also has rules, Those who are professionals at gambling always have rules about how to manage their money for betting and what not to do. Some of them also just do gambling without thinking, there is no management and are more likely to be addicted, so they don't know the direction and purpose.
Trading and gambling both have rules and risks.

[GiftedMAN]

Trading feels like as gamble but it's only for those trader that wouldn't take much more seriousness on their trades, same as to those who just want to throw their money for gambling.

Even though some traders tend to be greedy most times in their trades, we can not compare their experience to that of real gamblers. Traders may encounter losses as a result of the current market situation not mostly greed, emotion, lack of experience, or their inability to follow the chart information but gamblers are well known for their habit of wanting to accumulate and take excess profit in a game or bet that they no not the history or related future outcome. The only similarity between trading and gambling is the word loss, in trading when the market situation is down you lose and in gambling, the loss is a normal thing.

[ChrisPop]

IMO, trading has more emotional stress than gambling. Perhaps being in the industry for long will take away the fun in it while it doesn't in gambling. The entertainment stays especially in sports betting.

I think it would be useful to expand a little bit on this. Why does trading produce considerably more emotional stress than gambling?

I would say that is because there is much more decision on the part of the player/trader. In gambling you place your money and you get an outcome almost instantly. In trading you can leave your position running for seconds, minutes, hours, days, weeks, etc. You are the one who makes the calls - where to take profit, where to cut the loss, when to add to the position and when to hedge. This is on top of the analysis that (I hope) precedes your trade decision.

[seleme]

In gambling, weak opponent can turn match in their favor and statistics are there to give you an biased opinion. After searching all necessary info, your biased opinion will lead to confident prediction but bookies will consider all possible outcomes on odds with higher margin. Trading is more about skills, management unlike gambling that based on your luck 90%. I know only few successful gamblers while countless professional traders live their life based on trading income. Gambling money can be lost easily if you chase losses while trading is all about money management to cut losses and let winning trades print $.

[crzy]

More likely no than yes. There is excitement, no doubt. When I started working on the demo account of the Amarkets broker, I spent enough time on training in order to get the desired result and understand how to work more correctly.

Learning how to trade first and how the exchange platform work is good, it can give you the total idea on what to expect on the site. Gambling will only become just like trading if you do analyze before you bet but over all, depending on luck should not be your character as a trader. Both can be very emotional, and if you want to succeed you must set aside that emotion, I can say that trading is not that a gambling because you spend time reading the market and its not easy at all.

[GeorgeJohn]

Many people misunderstand and quote wrongly between gambling and trading. Some people compare and define gambling with bitcoin as same thing. But from my perspective i have not seen any that collabrate gambling and trading of cryptocurrency. Gambling is game which start with prediction and it's been predicted according to what you observe with both parties. So someone wants to give definition of trading as gambling, the person should give the comparison and differentiate both in a tabular form.

[n0ne]

Many people misunderstand and quote wrongly between gambling and trading. Some people compare and define gambling with bitcoin as same thing. But from my perspective i have not seen any that collabrate gambling and trading of cryptocurrency. Gambling is game which start with prediction and it's been predicted according to what you observe with both parties. So someone wants to give definition of trading as gambling, the person should give the comparison and differentiate both in a tabular form.

We can't deny that there is no similarity between gambling and trading. According to me, in both trading and gambling we risk to increase our chance of making a good return out of the risked amount. With gambling this happens out of statistics and information gathered relative to the players and the teams involved. With Trading this gets completely associated with the market movements and the prediction connective to the past years.

[sovie]

Many people misunderstand and quote wrongly between gambling and trading. Some people compare and define gambling with bitcoin as same thing. But from my perspective i have not seen any that collabrate gambling and trading of cryptocurrency. Gambling is game which start with prediction and it's been predicted according to what you observe with both parties. So someone wants to give definition of trading as gambling, the person should give the comparison and differentiate both in a tabular form.

We can't deny that there is no similarity between gambling and trading. According to me, in both trading and gambling we risk to increase our chance of making a good return out of the risked amount. With gambling this happens out of statistics and information gathered relative to the players and the teams involved. With Trading this gets completely associated with the market movements and the prediction connective to the past years.

ANYTHING which brings you instant money and excites you and you lose your peace of mind too is harmful - trading and gambling are same.
Yes - I repeat it takes away so much from person - that they don't even know they are drained and they lose their peace of mind mind

[Mpamaegbu]

Like the game of chance gambling. Can trading in anyway be likened to gambling and how so?

Nope, both aren't in the same category. In trading, there are products to be exchanged while in gambling there aren't. There aren't services exchanged but phantom expectations. That will be my simple way of putting it. Trading is engaging in marketing transactions of one cryptos/currency/commodity in exchange for another while gambling is just the indulgent way of "amicably" attempting to rob others of their cash without offering them anything in exchange. It's just an expected shortcut to quick riches. Nothing else.

[Hyphen(-)]

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.


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

Looking at the examples you've given, it's obvious that they are unrelated. However, they might be connected if, after careful consideration of all the criteria or examples mentioned above, one game was lost, and perhaps the coin or token traded suddenly crashed or lost value. In both cases, no one expected it to happen that way, so it came as an offset that we are no longer able to control.

[TheUltraElite]

ANYTHING which brings you instant money and excites you and you lose your peace of mind too is harmful - trading and gambling are same.

You might be confusing spot trading with margin trading or betting on options. These later two are similar to gambling is all aspects but spot trading is not so. Spot is where you need to do your homework on the  project that you are investing in and how it has performed over the last few years or months and then only you can place orders to buy or sell. This means that you will need to spend time and brain cells on it and it will not give you an instant pleasure, but pain.

The other types of trading are all based on higher risk than spot. They are easy to place, give instant outcomes and are likened to gambling.

Therefore some types of trading are similar to gambling, not all.