Gambling is different from trading

[Ziskinberg]

This is my opinion about the two...
Gambling - doesn't require skill but seems to be needed and much more relies on luck. The more spend time in gambling the more it leads to addiction and the chances are; more losses, less winning.

In Trading - we don't rely on luck but skill and knowledge are necessary. And the more we spend learning about trading, the more chances to earn more.

But seems you're right that many people are preferred to gamble because of thinking about instant rich. Well, that was their choice but seems not the right one as we can't just rely on our future in luck.

[wxa7115]

Luck will have lesser influence the longer you are in trading. You keep learning the skills you have and you already know when to buy and sell.

Trading is like buy and sell business thats not quite a gambling scheme but it may just be when you turn to binary trading. Binary though does have a limited wining.

That is one of the main differences between trading and gambling, when it comes to gambling the more you do it the more influence luck has over your results, however in trading we see the opposite, as the longer you trade with a successful strategy the lesser the effects of luck on your outcomes.

Even then the effects of luck will never be completely eliminated when you trade, and the lesser your level of skill the more trading will resemble gambling, which let us understand why some people think of them as if they are the very same thing.

[Bitcoin_people]

Gambling is a platform where people bet to win where losses are mostly faced. But there are not so many ricks in trading, most of the time you can expect profit by trading. It is possible to be successful in trading futures but never in gambling. The future of those who are addicted to gambling is not so good. Few people can benefit from gambling. Most of the gamblers lose by placing bets so they decide to borrow money from different places and start betting again. This puts a lot of stress on their future and those who are addicted to this betting cannot move forward in the future. I always give more priority to trading because there is never so much risk of money in trading.So it is possible to make better predictions in trading than gambling.

[Bananington]

This is my opinion about the two...
Gambling - doesn't require skill but seems to be needed and much more relies on luck.

The games in gambling have been differentiated into two types, the types based on luck and the type based on skill. But in that Gambling on games that are based on skills and trading which is still based on skills, there is a difference. The chances of becoming a better trader and profiting increases directly with how skillful you become. But in gambling even on skill based games, you can will better with how skillful you become, but still not as compared with trading where there is more certainty of profiting better with your skills. In skill gambling games, your chances are average even with your skill.

[Eternad]

While trading is a skill that you will learn and understand the basic factors that can hinder your trading not to be successful, a trader can notice it's mistakes after loss and make corrections while a gambler mistakes can't be corrected because it deals with prediction.

Your analysis of the difference between trading and gambling is on point especially the sentence above. It's simple but meaningful, On gambling you don't have a chance to evaluate your next move since the result is purely based on luck while you can adjust your strategy based on the market condition on trading.

I will add this important info that you forgot. In trading especially spot trading. All loses is just paper loss unless you sold your holdings which means you have a lot of time to recover using same money unlike gambling that you can't recover your losses using your original funds unless you deposit more.

[Huppercase]

I was doing a comparison between gambling and trading I find out that their is merging between trading and gambling, I want to explain the categories of trading and gambling from my research gambling don't have to do with skills, but people prefer gambling than trading, but I kicked against gambling because it does not have control that leads to victory during time of diecasting your prediction in gambling therefore I concluded that gambling have to do with luck.

While trading is a skill that you will learn and understand the basic factors that can hinder your trading not to be successful, a trader can notice it's mistakes after loss and make corrections while a gambler mistakes can't be corrected because it deals with prediction. I notice that people do not put their money much in gambling than trading whereas the risk and loss is more efficient in gambling than trading. When we study trading very well there is no way we can trade in a month without making profit and as a beginner in trading we don't need to start trading with money that we can not afford to loss, while in gambling so many people gamble with their salary and last money. So I prefer trading more than gambling because it is a skill and it can be controlled.

Gambling and trading are two different things but they also share some similarities. Gambling and Trading both possesses some level of risk but one is bigger than the other, they also skilled as similarities, they have money involved and the profits in the two are similar but the difference they share are not the same; like in gambling, when you lost, that is all for that bet but in trading, if you do a normal trading and lost, you will still have your loss because it is unrealized loss, you will only loss when you sell the trade and when it comes to emotion, I think it is easier to control trading than gambling because gambling comes with addiction if care is not taken.

[DanWalker]

I was doing a comparison between gambling and trading I find out that their is merging between trading and gambling, I want to explain the categories of trading and gambling from my research gambling don't have to do with skills, but people prefer gambling than trading, but I kicked against gambling because it does not have control that leads to victory during time of diecasting your prediction in gambling therefore I concluded that gambling have to do with luck.

While trading is a skill that you will learn and understand the basic factors that can hinder your trading not to be successful, a trader can notice it's mistakes after loss and make corrections while a gambler mistakes can't be corrected because it deals with prediction. I notice that people do not put their money much in gambling than trading whereas the risk and loss is more efficient in gambling than trading. When we study trading very well there is no way we can trade in a month without making profit and as a beginner in trading we don't need to start trading with money that we can not afford to loss, while in gambling so many people gamble with their salary and last money. So I prefer trading more than gambling because it is a skill and it can be controlled.

Sure, trading is not gambling, but it becomes gambling if you trade without knowledge. Both involve risk and return, so it is understandable that many people confuse both with gambling, but anyone observant will know they are 2 and different.
In trading, we can make a profit passively by cultivating our knowledge, honing our skills, and gaining experience over time. We can master the game if we have all the necessary elements. But in gambling, winning and losing are all decided by chance, we will not be able to control or determine our fate.

[GreatArkansas]

Most are correct about both involve risk. I agree with it too.
But on trading, you can make the risk lesser while maximizing the profits, there are a lot of ways to do it. Most are risk management. While gambling, most gamblings are pure luck.

For me, gambling can be a thrilling and enjoyable pastime. While trading can be considered as profitable activity or source of income for some people.

[Aikidoka]

Trading and gambling are different, but they also share some similarities. Both can be risky and addictive, and if one lacks control or wisdom they can quickly deplete your finances. However, I believe that trading is generally superior/better to gambling, as it can be less risky at times. Nevertheless, it's important to note that a single mistake in trading can result in huge losses that may be difficult to recover from.

While gambling heavily relies on luck, trading also involves an element of luck. However, is that trading is a skill and also it allows you to implement stop-loss strategies at any time. In my opinion, this aspect makes trading a more favorable option compared to gambling.

When we study trading very well there is no way we can trade in a month without making profit and as a beginner in trading we don't need to start trading with money that we can not afford to loss, while in gambling so many people gamble with their salary and last money.

Here we are talking about self-control tho. If you're a gambler or a trader you must set a limit on the amount of money you can use per week and not exceed it, no matter what.

[jaberwock]

This is my opinion about the two...
Gambling - doesn't require skill but seems to be needed and much more relies on luck. The more spend time in gambling the more it leads to addiction and the chances are; more losses, less winning.

In Trading - we don't rely on luck but skill and knowledge are necessary. And the more we spend learning about trading, the more chances to earn more.

But seems you're right that many people are preferred to gamble because of thinking about instant rich. Well, that was their choice but seems not the right one as we can't just rely on our future in luck.

Skills in gambling is needed if you are playing Sports Betting and some casino games like Poker and Blackjack. The rest just relies on luck. The more time spend in gambling can also be beneficial because we can learn a skill and we can enhance it. There are well-skilled gamblers who have a long-term experience but they are not an addict. It's only about how we control our selves.

Now in trading, I think it sometimes needs a luck because of the unpredictable nature of the market. The more time we spend in trading the more we master it but it does not mean that people will now stick on it and will not play gambling anymore. Trading was still hard and not fun even if you are already good at it.

[palle11]

While gambling, most gamblings are pure luck.

Gambling is purely luck game. I remember yesterday's champion's league final between Manchester city and Intermilan, most bettors where all out for Manchester city to win and undermining Intermilan team but the game wasn't that easy for man city to carry the game and it took alot of effort from them to get a decisive goal around 68 minutes. My point is inter had some bettors that still believed that by any other means some upset can happen and that is the luck in gambling. As they say in football, anything can happen but in trading most times you can trade using the charts, indicators and you can reduce your losses by using good money management and stop loss.

[Issa56]

but people prefer gambling than trading,

How sure are you that people prefer gambling than trading? Did you conduct any research that shows that people prefer gambling than trading? The only thing I can say is that gamblers are more rampant than trader's, more people knows about gambling than trading, like in my society, just few percentage of people know about trading, but you can see gambling shops everywhere where you can easily gamble.

but I kicked against gambling because it does not have control that leads to victory during time of diecasting your prediction in gambling therefore I concluded that gambling have to do with luck.

I gamble and I also trade and I am not against the two, people are making money from both trading and gambling, and I can't say gambling is all about luck alone, you have to be skilled also when gambling, you have to do some analysis also when gambling, you can't just start gambling without doing some analysis.

I notice that people do not put their money much in gambling than trading whereas the risk and loss is more efficient in gambling than trading.

Maybe you have not seen a addicted gambler, then you will realize that people also put much money in gambling, a addicted gambler can put any amount in his gambling account just to gamble, It will be difficult to see people selling their properties just to trade, but you will see gamblers selling their properties just because they want to gamble.

[wajik-tempe]

You correctly point out that gambling is primarily dependent on chance rather than talent.Gambling forecasts do not allow for revisions or corrections, making it a dangerous venture. It's worth noting that, despite the inherent risks and possible losses connected with both gambling and trading, consumers appear to prefer gambling. This choice may be due to a variety of variables, including the appeal of rapid satisfaction, the thrill of uncertainty, or the mistaken belief that gambling provides larger financial advantages.

[irhact]

I was doing a comparison between gambling and trading I find out that their is merging between trading and gambling, I want to explain the categories of trading and gambling from my research gambling don't have to do with skills, but people prefer gambling than trading, but I kicked against gambling because it does not have control that leads to victory during time of diecasting your prediction in gambling therefore I concluded that gambling have to do with luck.

So I prefer trading more than gambling because it is a skill and it can be controlled.

Gambling also have skilled games that if you study the game properly, you can have a higher chance of winning than losing. Sport betting like football are skilled gambling and can be replicated by several individuals. Gambling mostly has luck inside and that's the main difference it has from trading in my opinion. Gambling is addictive and that's why I don't like it and won't choose it over trading.

When trading I can be in control but when gambling I'm not in control of the outcome of the results which is why many people fail not minding the experience they have in gambling but an experience trading will always beat the market and profit from their trades.

[Distinctin]

Well, there was never a time gambling was the same as trading, even though they have some similarities, gambling is gambling while trading is trading, like op said, gambling is more of a luck based activity, though part of gambling like sports betting, is more of information (what you know about a team or player/fighter) based, games like poker, and other card games is also skill based as well as luck, trading on the other hand is purely skill based, though we still can not over rule the fact the luck still plays an important role in trading as well, for example, it takes luck to buy a coin, and it pumps x500, x1000 or even more after you have bought it, it's not like you knew that such was going to happen, luck helped the trader buy that coin or token.

So overall, gambling or trading, both are good ways of making, how you prepare yourself, and go about your trading activity or gambling activity will determine how much you will make or lose from either of the two.

You’re right in here. Regardless if it’s gambling or trading, as long as you know exactly what you are doing and you are doing in align with your financial goal, then you will eventually make profits and become financially independent. But if your goal is to make instant money without learning to be knowledgeable and skillful at first, that is totally a gambling point of view, you will only make money at first but eventually lose them all in the end because that’s how gambling is designed in the first place. However, with trading, yes there maybe inevitable losses at some point but if you are a good and successful trader, you will know how to control and limit your losses and maximize making profits at the end of the day.

[Hamphser]

I was doing a comparison between gambling and trading I find out that their is merging between trading and gambling, I want to explain the categories of trading and gambling from my research gambling don't have to do with skills, but people prefer gambling than trading, but I kicked against gambling because it does not have control that leads to victory during time of diecasting your prediction in gambling therefore I concluded that gambling have to do with luck.

While trading is a skill that you will learn and understand the basic factors that can hinder your trading not to be successful, a trader can notice it's mistakes after loss and make corrections while a gambler mistakes can't be corrected because it deals with prediction. I notice that people do not put their money much in gambling than trading whereas the risk and loss is more efficient in gambling than trading. When we study trading very well there is no way we can trade in a month without making profit and as a beginner in trading we don't need to start trading with money that we can not afford to loss, while in gambling so many people gamble with their salary and last money. So I prefer trading more than gambling because it is a skill and it can be controlled.

Trading could really become a gambling on the time that you would really be doing trading without any analysis on which it would really become that turns out to be gambling already if you do have done that way

but we know that it isnt something that you could really just take up some steps without having those kind of realizations that it isnt really just right to have this kind of approach. We know that this isnt something that we could really be able to make out actions without any basis. If you do want to sustain and really find yourself having that effective on trading career then you would of course be finding
up ways on how you would really be able to make yourself that better. With due experience and learning would be obtained along the way then for sure you would really be definitely
be able to make yourself handle out such thing.

[lixer]

While trading is a skill that you will learn and understand the basic factors that can hinder your trading not to be successful, a trader can notice it's mistakes after loss and make corrections while a gambler mistakes can't be corrected because it deals with prediction. I notice that people do not put their money much in gambling than trading whereas the risk and loss is more efficient in gambling than trading. When we study trading very well there is no way we can trade in a month without making profit and as a beginner in trading we don't need to start trading with money that we can not afford to loss, while in gambling so many people gamble with their salary and last money. So I prefer trading more than gambling because it is a skill and it can be controlled.

I don't see any reason why one would compare trading with gambling when it is so obvious that gambling is a complete game of luck while trading requires knowledge and experience. There is no need for experience or knowledge in gambling and anyone with luck can win a very big amount of money and someone with a lot of experience and knowledge about gambling and techniques and whatsoever but might end up losing all the time.

Trading can be profitable if you work hard on it, learn doing analysis, understand how the market moves, learn to read charts and much more, if you learn these things, you are guaranteed to get profit if you do things correctly and don't just gamble on newly launched tokens.

[Viscore]

Gambling is absolutely different from trading. Although both have risks, but if you have gained good experiences in trading, you will understand that there is more chances to be profitable in trading than gambling alone. Trading, with knowledge and skills and comes with luck, what you’ll gained from gambling is nothing compares to trading.

[inthelongrun]

Gambling and trading have their own similarities and differences. Both have their own levels of risk. I think you're trying too hard to differentiate them OP while you don't have the experience to trade and gamble. I can feel it based on your post. In gambling, you can play in the casino or sports betting, or card games like poker wherein you will be matched against other players.

I assume that there are more gamblers than traders. Trading is not that quite easy. Trading needs very good technical skills whereas in gambling you just have to research and be familiar with the sport. In sports betting, you can easily choose any of the odds from easy to the most difficult ones which is not available in trading. The higher the difficulty of the odds, the higher the rewards

[nurilham]

Gambling is a game of chance with no guarantee of profit, but fortunately, there are some who profit from it.

In trading, there is also no guarantee for profits. But trading isn't a game of chance, the result of our trading more depends on our knowledge (skills) and experience. The risk in gambling is also higher, we can lose all our money if we have no limitation to use the money in gambling. While in trading is a bit safer, especially if we use trading spot.

When trading, make sure you have a trading plan that has been backtested to boost your chances of succeeding and could be your source of income in the future.

Of course, the plan or strategy has a crucial role in trading. Using the right plan/strategy will improve the chance for the success in earning profits. That's why we must have enough knowledge in trading, so we can determine the right plan/strategy. Our experience is also very useful, we know how to choose the proper strategy to use based on our experiences. Without knowledge and experience, it is impossible to know the right plan/strategy.