Can trading be likened to gambling and how so?

[adzino]

No they are two different things and can't be likened to each other. Gambling depends totally on luck. You either win or lose. You bet and hope that you win. In the long run, you will always lose since the casino will always have an edge. But trading is totally different. You take decisions. You can know what might happen in the future if you do proper analysis. If you are doing it right, you will be making profit in the long run trading. Sure it can be a form of gambling if you don't know what you are doing and just buying low and selling high with the hope of making profit.

[YOSHIE]

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

It seems that you are misrepresenting gambling and crypto trading.

My understanding of gambling and trading are different methods and have a much different understanding.
for example:
• Crypto trading: here you don't make bets like gambling, you buy crypto when prices are low and sell when prices are high, in crypto trading you can still analyze, predict.
Trading crypto money that you trade does not disappear, it just decreases if it goes down and increases if it goes up, that's a trading method, generally in the real world as well.

• Gambling: betting method your money will be lost, if you lose you can't predict, gambling there is no movement and price drop, betting is profit, win you win, lose you lose all money, trading is not like gambling.

So, if you equate gambling with trading, you are very wrong, maybe you should do some research again about gambling methods and trading methods.

[GatotKaca]

Yes it is, but with the example you had posted it seems the trading as well as sport betting needs more analysis before going for the bet so it makes it as not something that rely completely based on the luck. However there are also people who do trade just the way of gambling which should be avoided and its always important to stick with the strategies of our own to reduce the risk factor.

it might happen. you are right, that there are traders who trade by relying on their luck. this may be similar to gambling, but the value of trading I don't think so. maybe with futures trading, could be linked.

Gambling, be it a casino or a sportsbook, we don't have the awareness to manage wins or losses. we will bet on something with the possibility of winning or losing.
but in trading, it will be different. because we will consciously determine whether to sell at a loss or with a profit. the difference maybe is our waiting time.

[Findingnemo]

Yes it is, but with the example you had posted it seems the trading as well as sport betting needs more analysis before going for the bet so it makes it as not something that rely completely based on the luck. However there are also people who do trade just the way of gambling which should be avoided and its always important to stick with the strategies of our own to reduce the risk factor.

it might happen. you are right, that there are traders who trade by relying on their luck. this may be similar to gambling, but the value of trading I don't think so. maybe with futures trading, could be linked.

Gambling, be it a casino or a sportsbook, we don't have the awareness to manage wins or losses. we will bet on something with the possibility of winning or losing.
but in trading, it will be different. because we will consciously determine whether to sell at a loss or with a profit. the difference maybe is our waiting time.

Gambling with responsibility comes with managing the funds as well so it can be similar in one perspective but I don't say both are same because it is not done by exactly the same people all the time, even stock trading can be the big gambling in my opinion because where more people are losing than the people who are making profits.

[sovie]

Gambling with responsibility comes with managing the funds as well so it can be similar in one perspective but I don't say both are same because it is not done by exactly the same people all the time, even stock trading can be the big gambling in my opinion because where more people are losing than the people who are making profits.

Gambling and responsibility seems to opposite extreme. Hardly any gamblor is responsible.
I wish to see some responsible gamblor ..  In our culture we do not gamble and we dont believe gambling is done with responsibility but here I witnessed very wise gamblor.

[Alisha-k]

Repetitive patterns in trading is not similar to head to head matches in gambling, same thing with price level and the form of a club. While in gambling head to head clash can go either way in trading patterns maintains a given trend and and only chances when a new trend is formed. Both are risky adventure well understood but they operate under different rules.

[sovie]

Repetitive patterns in trading is not similar to head to head matches in gambling, same thing with price level and the form of a club. While in gambling head to head clash can go either way in trading patterns maintains a given trend and and only chances when a new trend is formed. Both are risky adventure well understood but they operate under different rules.

Very correct - and I believe one thing for sure - do whatever you want to do with good intention.
And everything takes a right place in your life. But do not put other people in difficult situation - particularly financial matter.

[Rigon]

Not  really sure where to drop this thread since it's a compendium of gambling and trading as it seeks to make clearer a blur end.
Which is.
Like the game of chance gambling. Can trading in anyway be likened to gambling and how so?

But before you delve in for contributions, let me throw some light below for a better understanding of the idea behind the thread.

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 totally agree with your words and example there is really a good match between trading and gambling.Whenever we go for gambling we consider various aspects such as which club to play with.How strong is the club and whether it can perform well.On the other hand, while trading, we must consider all aspects of the trading platform, such as market position, coin position, trading volume, etc.Trading is just as risky as gambling.

[AmoreJaz]

Repetitive patterns in trading is not similar to head to head matches in gambling, same thing with price level and the form of a club. While in gambling head to head clash can go either way in trading patterns maintains a given trend and and only chances when a new trend is formed. Both are risky adventure well understood but they operate under different rules.

Very correct - and I believe one thing for sure - do whatever you want to do with good intention.
And everything takes a right place in your life. But do not put other people in difficult situation - particularly financial matter.

so even if you see trading as gambling, if you are using your own funds, you are not too worried about the results of your trading. it may have similarities with gambling but the more knowledge or skills you have in trading, the better chance for you to get good results. however, if you will trade blindly, definitely, losing your funds is easy. unlike in gambling, if you play those luck-based games, you are just relying on your luck. but with trading, if you equip yourself with knowledge towards the coin/s and learn TAs, you have better chance of getting positive results.

[EdenHazard]

Sometimes it's just the matter of point of views.

And at the early stage getting to know about trading ... you will always found it odd , especially if you do trade for the first time and things went unexpected against you ... that's the start of your point of view thinks it's a game and it's unfair ... someone get the profit and the other side get negative taken by the one who get the profit.
But once you learned a little bit deeper , trading are of course incomparable to gambling, period.

[Dollar_Hunter]

trading is not gambling, you have to know it, trading has knowledge, from technical analysis to fundamental analysis,
a trader who has this knowledge is certainly not careless, but gambling, all do not need knowledge and only guesswork.

[Davidvictorson]

Yes and No. Yes because in trading, there's a small element of guessing. No because, In trading the odds are not against you. In trading you can make 90% accurate prediction having acquired sophisticated knowledge of the asset and market, Trading doesn't depend on "luck". You really have to put in the work and do your own homework.

[Slow death]

trading and gambling even if it is sports betting and even though they have some similar things like steps to analyze that you already mentioned, they are different in the part that in trading the person does not lose all money, the person only loses a small part when using Stop - Loss and in the trade one can easily recover from a loss, just buy lower and sell higher.

in sports betting and all or nothing, if the person bets 10$, that person will win or lose the entire 10$, if the person thinks about making a bet to recover the 10$ the person will take more risks like:

1 - the person will need to bet 10$ at an odd of @2.00

2 - The person will need to bet 20$

in both cases the person will run the risk of losing and getting more damage

That's why you shouldn't run to recover what you lost in the gamble

[CryptocurencyKing]

Many users confuse trading to operate just as gambling. Am not saying that's what your saying here @OP but, I've seen instances on the forum where users approach trading with a gambling approach. No proper tools to use in analysis in a bid to understand the market, they just glance and take an entry. Unfortunately, most of them get to be evacuated quickly by the market.

That is to say, trading is infact distinct from gambling.
Gambling is 99% luck and 1% your little experiences and history about the athletes and team.
Trading on the other hand is more about experiencing. This is because, there are signals, trigers in terms of candle pattern and indicators that repeats itself and points to a direction.
In essence, you can predict to some degree of accuracy the direction of a market but not so much about gambling.

[Vaskiy]

Yes and No. Yes because in trading, there's a small element of guessing. No because, In trading the odds are not against you. In trading you can make 90% accurate prediction having acquired sophisticated knowledge of the asset and market, Trading doesn't depend on "luck". You really have to put in the work and do your own homework.

Agreed, the small element of guess could be right as well as wrong. Depending will be the profit/loss. With trading too luck plays it's role when you go with some unpopular project investment. Some gets lucky to make the best out of it, sometimes the same causes big loss. So, luck factor also makes a connect with trading which is part of gambling.

[distr@yopmail.com]

Yes and No. Yes because in trading, there's a small element of guessing. No because, In trading the odds are not against you. In trading you can make 90% accurate prediction having acquired sophisticated knowledge of the asset and market, Trading doesn't depend on "luck". You really have to put in the work and do your own homework.

Agreed, the small element of guess could be right as well as wrong. Depending will be the profit/loss. With trading too luck plays it's role when you go with some unpopular project investment. Some gets lucky to make the best out of it, sometimes the same causes big loss. So, luck factor also makes a connect with trading which is part of gambling.

I don't think trading is the same as gambling.
In trading, it is we who will determine the profit or loss. if you want to get out of a trade you made at a loss of course you do it on your own. it's not a matter of luck or a guess.
In gambling, when you place a bet, you have no control over your bet. It is the results published by the bookie that will determine your fate whether you will win or lose.
I guess the two are completely different.

[lixer]

I don't think trading is the same as gambling.
In trading, it is we who will determine the profit or loss. if you want to get out of a trade you made at a loss of course you do it on your own. it's not a matter of luck or a guess.
In gambling, when you place a bet, you have no control over your bet. It is the results published by the bookie that will determine your fate whether you will win or lose.
I guess the two are completely different.

It's already given above that they have some similarities but not completely the same. In trading, I thought you are the one who determines your outcome? So, why say trade at a loss? It's possible to incur a loss in trading because we don't have a full control with it but it was the market.

You only compare trading with sports betting but what about casino games? When you are betting multiple times and you use the autobet function, it is always possible to stop it before you lose all your balance. In sports betting, there is also multi bets and there is an option to cash out early but the profits that you will be getting is much lesser.

[dunfida]

I don't think trading is the same as gambling.
In trading, it is we who will determine the profit or loss. if you want to get out of a trade you made at a loss of course you do it on your own. it's not a matter of luck or a guess.
In gambling, when you place a bet, you have no control over your bet. It is the results published by the bookie that will determine your fate whether you will win or lose.
I guess the two are completely different.

It's already given above that they have some similarities but not completely the same. In trading, I thought you are the one who determines your outcome? So, why say trade at a loss? It's possible to incur a loss in trading because we don't have a full control with it but it was the market.

You only compare trading with sports betting but what about casino games? When you are betting multiple times and you use the autobet function, it is always possible to stop it before you lose all your balance. In sports betting, there is also multi bets and there is an option to cash out early but the profits that you will be getting is much lesser.

Risk could really be depending on how someone would be making trades because it would be completely be the same as gambling when you dont know on what you are doing which we know that it would really be normal.

Trading is a career and an investment which is totally opposing with gambling which is created for the sole purpose of entertainment and there's no way that you could really make yourself to make a career on this one

and make yourself sustainable.There might be some who do able to do so but its not ideal on forcing yourself on doing so because risk is high but well its your choice.

[qwertyup23]

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 doubt so- while both may have their respective risks, trading cannot be likened to gambling.

Gambling is the act of participating into various games (e.g. cards, slots, etc.) with the risk of either winning/losing depending on the wagered amount. On the other hand, trading involves the skill of anaylzing both the intrinsic and extrinsic factors that will arrive and support your conclusion whether to purchase or to sell your coins. While both may involve their respective risks, they have different mechanics that would dictate the pace of your investments.

Generally, gambling is more flexible in a way that you can experiment with other games that would yield you higher chances of winning. Unlike in gambling, trading is more of studying the market and accurately predicting the price.

[Vaculin]

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.

You only pertained to a specific type of gambling which is sports betting. It is very different from slots, baccarat, and other type of games you can find on a casino or gambling website that heavily relies on luck in order to win.

Trading can also be considered gambling for me if someone trades without enough knowledge. Like some people that do leverage trading just because it can give you huge return. They don't realize how risky it is and how quick they can lose money with just small volatility.

Trading can still end up like gambling if the trader is motivated with greed. He thinks that trading is a get-rich-quick scheme so he eventually jump into trading without considering if he has gained enough knowledge and skills. And turned out losing all his funds just like gambling. While gambling is a game of chance and luck, trading is more on skills and strategies. And it takes prior useful experiences to help you succeed in trading.