Gambling is different from trading

[Learn Bitcoin]

just leave a simple comment here Gambling is different from trading tho at some point trading had no different from gambling especialy if you trade with a lower timeframe that indicator or pattern doesn't work and bunch of wick candles and just enter market with a blank mind 

Yep. Sometimes with the leverage token, AKA shitcoins that you don't know and never heard their name before. Nobody knows the next movement of such coins. For example; we may predict BTC movement or other coins movement that is somewhat established on the market. But when it comes to a coin that ends with some kind of dog or animal name; I am sure those are made for fun, and you don't know what is going to happen with such coins. I would say this is gambling too.

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[Japinat]

Trading and gambling are two different things. Trading is done by using your skills to analyze the market and buy any coin at the right time and sell that coin at a profit. Gambling is betting on something with money to win or lose is usually called gambling. Gambling can be done on various online platforms. Bets can be placed on the win or loss of other sports including football cricket matches. Gambling is more risky than trading. In gambling one has to depend a lot on luck but in trading one does not have to depend on luck as trading has to be done entirely on one's own skill.

Yes, both are different though both carry the risk of losing money and have the same goal of making a profit. To make a profit in trading, you need to converge many factors such as knowledge, skills, experience, and news... but saying that trading without luck is not true. Whether you invest, business, or trade, luck is always essential. That's why you see many people who have good knowledge, good skills, and rich experience but never succeed in life because they are unlucky. Luck is something we can't learn, can't buy, can't see, but it's an integral part of anyone's success.

You’re right mate. Luck is essential in both gambling and trading, as one cannot end up trading successfully if there’s no certain luck on the trader. However, while gambling needs a lot of luck to be profitable, trading on the other side requires a combination of luck and skill. An ideal trader needs to make a long time research and develop analytical skills so he can easily read and deal with the different chart patterns that could affect how the market moves. While gambling requires no preparation at all, as long as you see positivity on your bet, then you can start gambling at your own risk.

[petulino]

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.

There is a big difference between gambling and trading. In gambling you rely on luck while in trading you trade based on your experience, intelligence and knowledge. You are right that whenever a trader makes a loss, he learns from his mistake and makes improvements for the future. While gambling does not have this option.

The biggest rule of trading is to always invest that amount, after losing it, it will not affect your daily life. The goal is to trade with more than you need. While there is no such rule in gambling, here people even sell the things they wear on their body to bet. So trading is much better than gambling as you can control a lot with your guesswork, experience, intelligence and knowledge. The experience gained here can be useful to you and others in the future.

[doomloop]

Gambling and trading share both similarities and differences. Both activities involve risk, and there is always a chance of losing money. However, gambling is primarily based on chance and tends to yield short-term gains or benefits. On the other hand, trading requires analyzing market trends, strategies, and making informed decisions, often within a longer time frame.

In gambling, luck plays a central role, whereas trading is considered a skill. Traders rely on their abilities to analyze the market, manage risks, and execute trades effectively. Therefore, I tend to lean in favor of trading due to its emphasis on skill and analysis.

Gambling is way different than traders, I don't think they have any similarities other than some tokens which people choose to invest in which tends to make them lose money which is what mostly happens in gambling. If you are trading and using only the spot market, you don't lose money if you are investing only in trusted cryptocurrencies and not selling when you are at a loss.

In gambling, there is absolutely no chance for you to win any money if you are not lucky, and even if you manage to win sometimes, you will eventually lose everything back to the casino because that is how their business model works, gambling games have a house edge which makes the house always win.

[Fivestar4everMVP]

just leave a simple comment here Gambling is different from trading tho at some point trading had no different from gambling especialy if you trade with a lower timeframe that indicator or pattern doesn't work and bunch of wick candles and just enter market with a blank mind 

That is when trading becomes a pure gambling

Simple and very straight to the point, I completely agree with you mate, this is exactly what I've once discussed here, can't look up the thread right now but I guess it's there on my list of topics since it's a thread I started myself.

Gambling remains gambling, and trading can indirectly be regarded as gambling if the trader is carrying out some really blind trades, I've done this before and still do it a couple of times a week, so I have first hand experience in what this is all about, one can still by luck win some trades even without knowledge of what he or she is doing, and most times can still lose, in all, such trade can be regarded as gambling in other words.

[jossiel]

Comparing these two concepts is not the right decision. It should be understood that to complete the picture, you must first work in both areas and do at least a minimal analysis.

And that's prolly because OP had done both things.

Well, there's no requirement for one to compare these two. It doesn't matter whether you like more to trade or you like more to gamble. There's even no decision making needed just to say good and bad stuff between the two.

Everyone understands what's the concept of trading even if it's not in lined with cryptocurrencies. And the same goes for what gambling actually is, we just have to get it from its root and key words.

[Mahanton]

just leave a simple comment here Gambling is different from trading tho at some point trading had no different from gambling especialy if you trade with a lower timeframe that indicator or pattern doesn't work and bunch of wick candles and just enter market with a blank mind 

That is when trading becomes a pure gambling

Simple and very straight to the point, I completely agree with you mate, this is exactly what I've once discussed here, can't look up the thread right now but I guess it's there on my list of topics since it's a thread I started myself.

Gambling remains gambling, and trading can indirectly be regarded as gambling if the trader is carrying out some really blind trades, I've done this before and still do it a couple of times a week, so I have first hand experience in what this is all about, one can still by luck win some trades even without knowledge of what he or she is doing, and most times can still lose, in all, such trade can be regarded as gambling in other words.

Blind trades is considered to be gambling but its not that right on pertaining it to be literally gambling because it is really just that too different.It would only comes on how its been done and this is why it would be wise
that people should really be taken it seriously if they do really want to make out some profits out of trading. Gambling is for fun and entertainment. People who are in their right minds would really be able to distinguish
between both things on which one is really that one is for long term and one is for leisure. Doesnt really need to complicate up the way of thinking on how to differentiate both, because
using up your own common sense would already be enough on which one is  really worth for your time and which one is really just that good when you do love to enjoy.

[Litzki1990]

just leave a simple comment here Gambling is different from trading tho at some point trading had no different from gambling especialy if you trade with a lower timeframe that indicator or pattern doesn't work and bunch of wick candles and just enter market with a blank mind 

That is when trading becomes a pure gambling

Gambling and trading are two different things. Just as there are different types of gambling, there are different types of trading. Gambling can usually be played in several ways but trading usually follows the same methods. Gambling is more risky than trading. Gambling usually requires skill and luck but the profit and loss of trading depends on the traders. If the traders can trade at the right time with the right rules then it is possible to profit from it. Gambling usually has the possibility of losing money completely or doubling the money, but trading usually increases or decreases gradually.

[Dr.Bitcoin_Strange]

Gambling usually requires skill and luck but the profit and loss of trading depends on the traders.

I think both require skill. But the difference is that if a trader is very skilled, has learned quite a lot of trading tools, and also has some good trading strategies, they will make more profit than a gambler because they know when to go into the market and when to come out, and they will also know when to stop losses and take profits. But even if a gambler is more skilled, they are not very aware of the gamble that will determine their win or loss. In gambling, you don't know at all whether you will lose or win, but in trading, you could use your skill to make more profitable trades than losses in gambling.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[famososMuertos]

OP, this topic has been dealt with on the trading board and here, Gambling, then it's a flip.

Now! I can make mention that the objective is to make a profit, in both cases, then it doesn't matter if you win in trade, so, another wins in the game and vice versa...ando, why not? If that is achieved in both circumstances.

By the way, I recommend that you play poker, so that you begin to understand how skill in that game also allows you to correct mistakes and obtain benefits.

[Chipstars]

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.

Hi Promocodeudo and fellow crypto enthusiasts,

Your comparison between trading and gambling brings up some crucial points, and I generally agree with your perspective.

• Gambling vs Trading: It's true that there's a level of skill involved in trading that's typically not found in most forms of gambling. Traders can learn from their mistakes, adjust their strategies, and work towards improving their odds of success over time. On the other hand, a gambler's outcomes depend primarily on luck and the odds are usually against them.
• Risk and Control: I agree that trading offers a degree of control, especially in terms of risk management. Traders can use stop-loss orders, position sizing, and other risk management tools to limit their potential losses. On the contrary, in gambling, once the dice are rolled or the cards are dealt, the gambler has little to no control over the outcome.
• Investment vs Wager: It's concerning when people gamble with money they can't afford to lose, like their salary or last penny. In trading, a cardinal rule is to never risk more than you can afford to lose. Trading should be viewed as a long-term investment, not a quick way to make a fortune.

It's important to remember, however, that while trading and high-skill gambling like poker share similarities in risk management, decision-making under uncertainty, and the need for skill development, they are not the same. Always approach trading with an analytical mindset, focus on risk management, and continue to develop your skills.

On a side note, trading can be a gambling endeavor if you are making uninformed decisions, emotional, irrational bets, and generally expect to make a fortune with your last $1,000. It's really about the approach we have to things, and a lot of people feel pressured to deal with financial struggles in their life by gambling, either because it worked in the past, or they see no other way. But fundamentally, gambling is entertainment and unless you are playing some of the few skill-based games where you can get an edge, you are unlikely to build a career out of it. If you are in a bad or relatively bad financial situation, talk to a local CPA, see what you can do to start improving your situation vs looking for a quick solution.

Once resolved, gambling will no longer look like an escape plan, but rather a fun past time that you indulge in from time to time.

Happy and safe trading to everyone!

[Ricardo11]

Trading and gambling are completely different, as gambling is much more risky than trading. Gambling can threaten you financially because gambling is high risk. If you win in the gambling game, you will get double your money back and if you lose, you will lose your entire money. In this case, trading is not as high risk as gambling. Because if you have knowledge about trading and if you can trade properly then the risk of trading will be reduced a lot. And from here you will get more returns.

[Mr. Magkaisa]

I am a gamblers and I am a trader. This is my experience:

Trading can take all your money, just like gambling. Trading can take more of your time like or more than gambling. As gambling is addictive, trading is also addictive.

You just have to discipline yourself in both and use the amount of money that you can afford to lose to gamble or trade.

   -  I like what you said, mate, it's very simple, but your answer is clear, there are no tricks, even though we know there is a big difference, because in trading, if you have the knowledge to read the chart, our thoughts as individual traders will not depend on our income. in luck trading.

Whereas in gambling, even if you have no experience, you can earn a lot immediately if you are lucky, and gambling can also change your personality into a bad personality that can lead to the destruction of your family and your friends who are close to you. In trading it is not like that.

[Yamifoud]

I am a gamblers and I am a trader. This is my experience:

Trading can take all your money, just like gambling. Trading can take more of your time like or more than gambling. As gambling is addictive, trading is also addictive.

You just have to discipline yourself in both and use the amount of money that you can afford to lose to gamble or trade.

   -  I like what you said, mate, it's very simple, but your answer is clear, there are no tricks, even though we know there is a big difference, because in trading, if you have the knowledge to read the chart, our thoughts as individual traders will not depend on our income. in luck trading.

Whereas in gambling, even if you have no experience, you can earn a lot immediately if you are lucky, and gambling can also change your personality into a bad personality that can lead to the destruction of your family and your friends who are close to you. In trading it is not like that.

We can also say that both of them need luck and experience. Only it differs in the impact on our life - as gambling can be dangerous when addicted but trading can be controlled. However, when it comes to losses, I'd see gamblers will possibly lose a lot more than traders and this is because of our mindset and the very usual thing to happen to most gamblers is they keep on gambling when they win thinking that they are too lucky this day. While trading, we can easily get out of addiction and we can improve our skills to have a better output unlike in gambling which could never change our chances to win.

[Peanutswar]

In trading you will use your skills and knowledge to make a position to gain profit you can get an heads up with the possible price market action so you can get an insights what are the next movement to buy or to sell. In gambling you are referring to you luck and skills well depends on it. For the slot games all you need is luck just pull the lever wait for the outcome of the game and that's it also table top games must need to have strategy.
Both are ideal way to earn money but not as always happen more riskier is gambling than trading. Battle against a knowledge, skills and luck.