Luck is what you need in gambling but you have to get to work with trading

[Distinctin]

Both are actually different in the sense that gambling requires no any preparation at all like gaining good information first and use some strategies to win since gambling results will always be unpredictable. And it’s solely rely on luck, if you don’t have the luck, you will never make profits. However, with trading you need to set yourself ready, and be as knowledgeable and skillful as you are so you can take advantage the market and win your traders. Trading follows a process so you need to stick to it if you don’t want to trade and end at a loss.

[imamusma]

Gambling is purely based from luck and chances, while trading is based on knowledge and skills, and some good and working strategies to win the trades. Though I believe trading also needs luck as much as it is as there are times trading end up still at a losing end. And when gambling, even if you have the knowledge and strategies, winning is not guaranteed while trading increases its chances of winning your trades and making you profitable if you know how to analyze the market and adopt whatever the market trends.

Not all traders can be called traders, but some of them can also be called gamblers. You probably know what I mean, so it's not surprising when you actually find them trading by feeling instead of analysis. There are several types of trading that can be classified as gambling, and one of them is binary options. Binary options traders rely solely on feelings to make decisions, not analysis, so it comes down to luck. If some people trade spot or futures in that way, then they are gamblers.

[goaldigger]

Yes, it’s true as gambling only relies on luck alone for you to succeed and be in profits. However, with trading, it needs a lot of preparation before you decide to trade. You should acquire knowledge and enhance your skills first before you can be a good trader. Otherwise, you will only trade and lose your money just like gambling your own capital.

There are traders who are also depends on their luck and with this, many are losing because they treat gambling in a wrong way. If you want to succeed on trading you must start doing your best to learn its process and all the indicators because in trading is all about your analysis. To become a trader it will always take time and take a lot of hard work, if you are not so serious about this don’t expect to become a good trader.

[lalabotax]

Luck does sometimes work very well, especially in gambling, and even in trading too. but this will not be long or last a few times. In fact, not everyone will always have good luck at certain times. Luck is a bonus, not something underlying or to be considered in trading. Trading requires ability and expertise in analyzing to make decisions.

[Botnake]

I have to agree with this since gambling in the first place relies only on luck alone to make your bets work. Although sports betting may require some good background on the match and analysis on the market, but in the end you will never win if you also don’t have the luck to win. But with trading, everything is set to follow a working process. You will never be successful in trading by following shortcuts, but you should always stick to the rules and manage your emotions so it will not ruin your trades. And while gambling is a way to make you lose, trading on the other hand is designed to make you profitable. Of course, that is highly possible if you work on you skills and strategies to win.

[sheenshane]

Trading is trading, while gambling is gambling. They are different but having some similarities too.

I tend to agree with this concept and that's very simple.
It's easy to determine, if you're in trading and don't have knowledge, then that's gambling.

Because trading is a skill-based activity and luck might play a minor role in trading, it isn't the determining factor.
If you're a trader who relies solely on luck are unlikely to achieve consistent profitability because IMO, it needs hard work, research, and discipline are very important components for successful trading.  Traders need to analyze market trends, study charts and need up-to-date financial news.

[borovichok]

Luck does sometimes work very well, especially in gambling, and even in trading too. but this will not be long or last a few times. In fact, not everyone will always have good luck at certain times. Luck is a bonus, not something underlying or to be considered in trading. Trading requires ability and expertise in analyzing to make decisions.

Trading and gambling are quite different, although both required luck inother to come out prominent. You're right, luck does not work sometimes but in some cases, it showed up. Gambling requires fulltime luck, because it's unpredictable, anything happens within a range of time, before we knew it, things either turn out for losses or profits on our side. Luck is everything we need for us to be succeed in the space and have absolutely no limitations on streak profits. I've witnessed scenarios were newbies generate enormous profits from trades knowingly fully well that they have no idea of the projects they invested on.

[GreatArkansas]

(.....)
Trading is not gambling. You require luck in gambling but you require work in trading.

What is your thought.

I agree with this because trading needs dedication and work, it's not like gambling where you will just throw your money and wait for your luck.
The result of any bet on gambling is based morely on chance so it's really far to trading, when you have proper understanding on the market, you will be easily identify and predict closely the market.

[OcTradism]

I agree with this because trading needs dedication and work, it's not like gambling where you will just throw your money and wait for your luck.
The result of any bet on gambling is based morely on chance so it's really far to trading, when you have proper understanding on the market, you will be easily identify and predict closely the market.

Both trading and gambling need luckiness but with trading, you need to brainstorm more to get profit and can not solely rely on luckiness.

The magic from trading is if you feel unsafe by market movements, trend changes or just realize that your position was opened badly, you will have chance to close your position and exit it with a draw, a small loss and wait for other chances in future with better entries.

In gambling, after you click on Play, you are done and only can wait for probability to see whether you lose or win that bet.

[Pandu Geddon]

Trading is not gambling. You require luck in gambling but you require work in trading.

what you say also makes sense. trading will always be different from Gambling. except for those who don't know how to trade well.
but both also require our luck in doing so. in trading we also actually need luck, so that the analysis we use is by the direction of price movement. I can't say that the direction of market movement will always be by the indicators we use in market analysis. we have skills in trading, but also need luck in our decisions.

[Issa56]

I have read many discussions about trading and gambling, some people have rather joined the two as gambling. That is not totally true. For traders who agree that trading is same with gambling, they are just lazy to go into work and adopt the ethical way to trade and those are:

Lots of people don't really understand what trading is all about, most of them don't really know how to do their analysis, most of them just see people talking about a particular coin, and they will also decide to buy which at the end, they will keep on hoping they are lucky the coin pump, we all know we also need luck in trading, some times you might think your analysis is right, but at the end you might be wrong, but that those not mean you depend on luck without running your analysis. Trading is not just about buying, you have to properly do your analysis to know the appropriate coin to buy, appropriate time to buy, and appropriate time to sell.

[macson]

I have read many discussions about trading and gambling, some people have rather joined the two as gambling. That is not totally true. For traders who agree that trading is same with gambling, they are just lazy to go into work and adopt the ethical way to trade and those are:

1. To cut your losses and increase your profit: You can conveniently do this by using stop loss or take profit adjustment or trailing stop but in gambling, is one straight end once you have gone on the bet, you either loss all you bet or win or you bet for.

2. A trader can adjust his risk appetite by reducing the lots size to suit his account and determine his appropriate leverage but in gambling, a bettor has to go with the odds provided for the gay. He can't reduce or increase it against the fixed odds.

3. Traders use analytical tools to determine what market price will be and wait for appropriate timing but gamblers play by the rules of casino.

Trading is not gambling. You require luck in gambling but you require work in trading.

What is your thought.

please stop trading only by relying on luck when trading because it's the same as you are gambling, in trading technical analysis and fundamental skills ^{(as i have said in several posts in this section)} are things that really need the rest is luck and your mood when trading ^{(it's wrong if you think that luck is not needed in trading)}

people who do not have the intention to learn the basics needed in trading will never be suitable to be a good trader, relying on luck in trading will only make you look like a fool and full of nonsense.

[wxa7115]

Both are actually different in the sense that gambling requires no any preparation at all like gaining good information first and use some strategies to win since gambling results will always be unpredictable. And it’s solely rely on luck, if you don’t have the luck, you will never make profits. However, with trading you need to set yourself ready, and be as knowledgeable and skillful as you are so you can take advantage the market and win your traders. Trading follows a process so you need to stick to it if you don’t want to trade and end at a loss.

Most gambling games only require for the rules to be explained on a matter of minutes to get a rough idea of what the game is about and how you should play it, and after a few hours most people know already everything they are ever going to know about that game.

However trading is completely different, you need months to understand what you are doing, and that is the best possible scenario, as many traders will require years while others will never truly understand trading at all.

[ultrloa]

I have read many discussions about trading and gambling, some people have rather joined the two as gambling. That is not totally true. For traders who agree that trading is same with gambling, they are just lazy to go into work and adopt the ethical way to trade and those are:

Lots of people don't really understand what trading is all about, most of them don't really know how to do their analysis, most of them just see people talking about a particular coin, and they will also decide to buy which at the end, they will keep on hoping they are lucky the coin pump, we all know we also need luck in trading, some times you might think your analysis is right, but at the end you might be wrong, but that those not mean you depend on luck without running your analysis. Trading is not just about buying, you have to properly do your analysis to know the appropriate coin to buy, appropriate time to buy, and appropriate time to sell.

They only look for the risk factor but they never see how technicalities. Most of people say trading is the same with gambling is just basing their luck on random situation, they didn't even think about that their are other technical situations.need to consider. Compare with gambling that we just need to be lucky to win on those games.

People need to have separate thoughts about this since if they believe that gambling and trading is still the same maybe they will not try to learn more deeper on how to trade because the one came in their mind that trading is also a game of chance.

[imamusma]

-

They only look for the risk factor but they never see how technicalities. Most of people say trading is the same with gambling is just basing their luck on random situation, they didn't even think about that their are other technical situations.need to consider. Compare with gambling that we just need to be lucky to win on those games.

People need to have separate thoughts about this since if they believe that gambling and trading is still the same maybe they will not try to learn more deeper on how to trade because the one came in their mind that trading is also a game of chance.

I believe many beginners have a perception like that about trading, but trading is not that simple. Trading without analysis is gambling, I mean if traders only rely on feelings to buy even though they can also make a profit from it.

Analysis is a very important part for traders to do regardless of whether it is technical or fundamental analysis. They cannot buy coins on the market blindly because most likely the results obtained do not match reality. Trading has never been as simple as gambling which only relies on luck to make profits.

[michellee]

The difference between trading and gambling is that if you have a losing trade and don't sell your coins, you still have a chance to make a profit. But in gambling, if you have lost and lost a lot of money, there is no guarantee that you can win several times and recover all the losses you have experienced.

If traders say that trading is the same as gambling, they haven't learned more about trading and trading analysis. But if they have learned about trading analysis, they have more opportunities to earn.

To profit from trading, you should learn more about analysis. Trading can be a source of steady income. Meanwhile, it is difficult to use gambling as a steady source of income. Many people have tried it but failed.

[lovesmayfamilis]

Some traders are very reckless, and the desire to recoup can constantly prevail over them. But luck will be on the side of those who always stick to their strategy and have their loss limits set. In addition, the control and analysis of each trade should always be a priority, and if one loses control, it is better to stop and take a break. If we talk only about luck, then this lady is found in many, but not everyone correctly disposes of her.

[CryptoHeadlineNews]

The difference between trading and gambling is that if you have a losing trade and don't sell your coins, you still have a chance to make a profit.

How? Please can you elaborate more on this on how not selling your coin while losing trade helps you to make profit?  Or isn't that similar to gambling whereby if you are losing a bet and you don't withdraw all your deposit, you still have a chance to make one single lucky win too.

To profit from trading, you should learn more about analysis. Trading can be a source of steady income. Meanwhile, it is difficult to use gambling as a steady source of income. Many people have tried it but failed.

Yes, you are very correct on this and I agree with you on this very statement of yours that while trading can be a steady source of income, it's not the same when it comes to gambling.

But despite everything been said, there are similarities between these two phenomenon, and such as;
1. They both requires capital "fund" to be executed
2. They both requires a certain level of luck and prior understanding for anyone to make a decent profit at any time.
3. While trading has a "stop-lose" feature, gambling also has a "Cashout" feature too, which enable you not lose the entire money used in staking or trading.

[Wapfika]

Both are actually different in the sense that gambling requires no any preparation at all like gaining good information first and use some strategies to win since gambling results will always be unpredictable. And it’s solely rely on luck, if you don’t have the luck, you will never make profits. However, with trading you need to set yourself ready, and be as knowledgeable and skillful as you are so you can take advantage the market and win your traders. Trading follows a process so you need to stick to it if you don’t want to trade and end at a loss.

Most gambling games only require for the rules to be explained on a matter of minutes to get a rough idea of what the game is about and how you should play it, and after a few hours most people know already everything they are ever going to know about that game.

However trading is completely different, you need months to understand what you are doing, and that is the best possible scenario, as many traders will require years while others will never truly understand trading at all.

Actually, Trading is just buy and sull button same with gambling that is simple too which is just clicking play and wait for the result. They are both easy in terms of how they work technically.

The Analysis part only enters on trading as strategy on making profit while gambling is just based on luck for the result. You are right that trading is complicated if a user wants toget profit but the mechanics of trading which is just buy and sell is very simple too in technical perspective.

[TimeTeller]

The difference between trading and gambling is that if you have a losing trade and don't sell your coins, you still have a chance to make a profit. But in gambling, if you have lost and lost a lot of money, there is no guarantee that you can win several times and recover all the losses you have experienced.

If traders say that trading is the same as gambling, they haven't learned more about trading and trading analysis. But if they have learned about trading analysis, they have more opportunities to earn.

To profit from trading, you should learn more about analysis. Trading can be a source of steady income. Meanwhile, it is difficult to use gambling as a steady source of income. Many people have tried it but failed.

In short, if you will equip yourself with knowledge and strategies in trading, you won't rely much on luck.
And that means, you have a chance to do better in trading if you educate yourself and acquire more experience.
However, if you are talking about gambling and playing those luck-based games such as crash, dice or roulette,
then, no matter how many years you are playing with such games, you still have the same chance on these games.
And that clearly shows that trading and gambling is different from each other, you have better chance in trading if you
prepare yourself for this activity. But your chance in gambling stays the same for these luck-based games even if you know very well such game.