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

[leonair]

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:

Trading and gambling can never be the same. Trading is a business. For example, if you buy a product physically for business purposes, you can never guarantee that you will always be able to sell that product at a profit because market conditions may require you to sell it at a loss. And you can hold that product without selling it until the price rises again.  Trading is just like that only here you have to buy a digital asset without buying any physical product.
But in case of gambling it is completely different, in this case you have to make a prediction and if your prediction is correct then you can get multiple times of your staked money as odds. and if your predictions don't come true, you lose all your money. So of course trading and gambling cannot be one and the same

[radjie]

Opinions about trading and gambling I often hear from several people who think the way the two work is exactly the same, according to them the aim of trading and gambling is to multiply the money spent.
But in my personal opinion, this statement is clearly very different, most people who gamble get their wins based on luck and with a little skill, they risk their money by playing with many people or with the gambling platform system itself.
And trading itself makes purchases at prices that we set with the achievement of profits that we can measure by itself according to the achievement of the desired target

[jossiel]

Any trader that gambles on the trading will keep gambling on it until he learns how to use the non gambling features of trading.

That trader should have just gambled instead of gambling but, if he insists and continues doing that. It's for sure that he'll learn that he shouldn't be doing that.

And instead, the lessons that he'll learn will be there but it's gonna be quite expensive because if his approach is just like he's gambling, that's a terrible idea and should have just gone to casino instead of trading platforms.

For sure, the mindset of the trader is only gambling, and he just thinks that the strategy in gambling is the same as in trading, which we know could lead to big losses. Also, if that is his mindset, for sure he will learn a valuable lesson (if he reflects on those mistakes), as it may work at his first trade, but for the next trade, for sure, it is against the trader. But right now, most of the traders are aware that trading is not like gambling unless they are super lucky and win their entries, but most of them are developing their own strategy for their trades.

There can still be beginners luck which also happens in trading. But then, realizing all of the things that circulates in trading, it's not the same as gambling.

So this varies from the point of view of a gambler looking at trading and a trader looking at gambling. The thought that it all starts is because both do agree that the risk is there.

And that risk measured depends on the outlook of the person looking at it.

[Japinat]

Both requires luck as the goal is to create multiple profits but trading demands more of a working process and a long time preparation before you finally decide to trade and risk your money. That’s why since trading needs more analytical and fundamental skills to trade, the probability to be in consistent profits is high unlike in gambling that you can just risk your money until everything is used up especially if you are gambling without control and discipline. However, if you trade like totally gambling, like you don’t need knowledge and skills to succeed, then you’ll end up like almost all gamblers experienced.

[mirakal]

Trading is a lot more complex than just gambling and you have to develop the best within you so you can trade and expect positive outcome. Which I think very rare to happen in gambling since all you need is a handful of money and you’re good to go. With luck on you, you’ll be taking advantage and make multiple winnings but if you’re unlucky, you will leave the casino with empty wallet. But with trading, everything is different. You need to work hard to gain the requirements before you trade so you’ll be trading while minimizing the risk from losing your money.

[stomachgrowls]

Any trader that gambles on the trading will keep gambling on it until he learns how to use the non gambling features of trading.

That trader should have just gambled instead of gambling but, if he insists and continues doing that. It's for sure that he'll learn that he shouldn't be doing that.

And instead, the lessons that he'll learn will be there but it's gonna be quite expensive because if his approach is just like he's gambling, that's a terrible idea and should have just gone to casino instead of trading platforms.

For sure, the mindset of the trader is only gambling, and he just thinks that the strategy in gambling is the same as in trading, which we know could lead to big losses. Also, if that is his mindset, for sure he will learn a valuable lesson (if he reflects on those mistakes), as it may work at his first trade, but for the next trade, for sure, it is against the trader. But right now, most of the traders are aware that trading is not like gambling unless they are super lucky and win their entries, but most of them are developing their own strategy for their trades.

There can still be beginners luck which also happens in trading. But then, realizing all of the things that circulates in trading, it's not the same as gambling.

So this varies from the point of view of a gambler looking at trading and a trader looking at gambling. The thought that it all starts is because both do agree that the risk is there.

And that risk measured depends on the outlook of the person looking at it.

Yep. we do really have that beginners luck on which it would really be just that normal that we might be able to experience some wins or profits on initial engagement but on the time that you would really be doing this
and turns out that you are experiencing losing money then this is where realization would really be happening. Gambling and trading might be having some similarities when it comes to risks but the level in between both
things would be different.

There is a right approach when you do trade and theres a right approach when you do gamble which it is really that totally different. We know trading is for long term and gambling is for leisure and entertainment.
You cant really be able to collide both things to be similar because it is really just truly that different. Trading would really be turning out to be a gambling is on the time that you wont really be putting
any analysis with your trading decisions which is something that we do really need to avoid. You would once realize these things when you do have that actual dealing with these things.

[Captain Corporate]

Working hard to be a great trader is time consuming and mentally draining job. I know a ton of people who tried their best to be a better trader and eventually they got burned out from all the hard work required for it. I understand the feeling of it because when you work that hard, it becomes very tough to keep it going for a long time as well. It would be wise to just give up if you can and do a better job when you get the chance. If you can give breaks here and there then you are going to be doing a lot better, just constantly working on it will not make you better. Thats why I believe if you do something better, I think it will become a bit harder to fail if you enjoy it, and if you want to enjoy it then you need to make it fun to study, and breaks are very big parts of it.

[Farma]

Trading is a lot more complex than just gambling and you have to develop the best within you so you can trade and expect positive outcome. Which I think very rare to happen in gambling since all you need is a handful of money and you’re good to go. With luck on you, you’ll be taking advantage and make multiple winnings but if you’re unlucky, you will leave the casino with empty wallet. But with trading, everything is different. You need to work hard to gain the requirements before you trade so you’ll be trading while minimizing the risk from losing your money.

well, apart from that in trading, the number of coins we hold will always be the same, it's just that the price will be different. in a casino, you will lose all the money you have when you lose, whereas in trading, the amount of assets you have remains the same, with changing values. Well, the big point is, in trading, you buy something in the hope that the price of the thing you buy will have a high price. We hope not without foundation, but look at the conditions, benefits, and many things from the products we buy. Meanwhile, in gambling, you are actually risking the money you have on an option, where if you choose the wrong one, you will lose all the money you have in an instant.

[Inspiron14]

Trading is a lot more complex than just gambling and you have to develop the best within you so you can trade and expect positive outcome. Which I think very rare to happen in gambling since all you need is a handful of money and you’re good to go. With luck on you, you’ll be taking advantage and make multiple winnings but if you’re unlucky, you will leave the casino with empty wallet. But with trading, everything is different. You need to work hard to gain the requirements before you trade so you’ll be trading while minimizing the risk from losing your money.

well, apart from that in trading, the number of coins we hold will always be the same, it's just that the price will be different. in a casino, you will lose all the money you have when you lose, whereas in trading, the amount of assets you have remains the same, with changing values. Well, the big point is, in trading, you buy something in the hope that the price of the thing you buy will have a high price. We hope not without foundation, but look at the conditions, benefits, and many things from the products we buy. Meanwhile, in gambling, you are actually risking the money you have on an option, where if you choose the wrong one, you will lose all the money you have in an instant.

I think your explanation is correct and what is clear is that gambling only requires luck to win,
for trading obviously it does not apply because we need to have the knowledge and skills to support,
Trading is much friendlier than gambling.

[AakZaki]

Trading is a lot more complex than just gambling and you have to develop the best within you so you can trade and expect positive outcome. Which I think very rare to happen in gambling since all you need is a handful of money and you’re good to go. With luck on you, you’ll be taking advantage and make multiple winnings but if you’re unlucky, you will leave the casino with empty wallet. But with trading, everything is different. You need to work hard to gain the requirements before you trade so you’ll be trading while minimizing the risk from losing your money.

Trading and gambling must both have financial management and risk management, it will affect the results or profits. Although gambling will also be affected by luck. Trading depends on how we analyze the market, develop strategies and how to use capital to trade by taking advantage of any fluctuations.
Trading also has a considerable risk of losing, but it will be gradual unlike gambling which will be lost in an instant. But when it comes to futures trading, it is also dangerous, the use of high leverage will make capital liquidated if the prediction is wrong and the funds will be lost all.

[palle11]

Thats why I believe if you do something better, I think it will become a bit harder to fail if you enjoy it, and if you want to enjoy it then you need to make it fun to study, and breaks are very big parts of it.

To succeed in what you do, you need strong passion for it. Passion is the key to success that is if you are enjoying what you are doing. Some people only want to force themselves into trading because of what they feel will come out of it and they don't go through the process judiciously. Management is important skill in trading but giving up is an option if it won't work.

[jaberwock]

It is important for oneself to conclude that luck can be today and not be tomorrow. And we want stable results. So, it is better to pay attention to learning and experience than to hope for luck.

It's not possible to tell when luck will come or how long it will stay if it's already there. This is why people are advised to not depend on it but we should only depend on the things which are more surer every single day. Like for example by working on an office job, you are always guaranteed to be paid daily as long as you show up and do your job properly.

Stable results will depend on some activities only. Not all times they are available so people should accept the reality if they don't want to suffer. Learning and experience are both needed in trading but despite of it, making the same amount money from time to time is still not guaranteed but it's better than in gambling if your goal is to make money.

[AnonBitCoiner]

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.

Gambling needs no experience because it is consider that if the luck of someone is better then he will win otherwise loss will he his future. On the other hand when you take step towards trading then you have to learn that what strategies to apply and at what price you have to sell and buy your coin.

Gambling is easy but it's full of risk and disadvantages whereas trading is hard to do and learn but it's not as risky as that of gambling and it will definitely gives you profit if you manage risk factors, indicate the right time of buying and selling, have eye on price chart and having previous experience in trading.

[usekevin]

Mostly people try their luck in the crypto currency gambling,because if you get money in gambling sites.It’s easy to gamble and multiple it easily.But gambling based on luck,So it’s possible to lose some funds too.The odds should be adjusted based on the probability and increasing about the fixed odds are always risky one.Analytical skills is essential one for the traders to earn some money from it.

[judaspriest]

Mostly people try their luck in the crypto currency gambling,because if you get money in gambling sites.It’s easy to gamble and multiple it easily.But gambling based on luck,So it’s possible to lose some funds too.The odds should be adjusted based on the probability and increasing about the fixed odds are always risky one.Analytical skills is essential one for the traders to earn some money from it.

Yes trading is more than relying on luck as there are many things to prepare,
knowledge and skills will definitely support which in gambling I don't think it's used,
in gambling for me like purely relying on luck alone.

[jossiel]

There can still be beginners luck which also happens in trading. But then, realizing all of the things that circulates in trading, it's not the same as gambling.

So this varies from the point of view of a gambler looking at trading and a trader looking at gambling. The thought that it all starts is because both do agree that the risk is there.

And that risk measured depends on the outlook of the person looking at it.

Yep. we do really have that beginners luck on which it would really be just that normal that we might be able to experience some wins or profits on initial engagement but on the time that you would really be doing this
and turns out that you are experiencing losing money then this is where realization would really be happening. Gambling and trading might be having some similarities when it comes to risks but the level in between both
things would be different.

There is a right approach when you do trade and theres a right approach when you do gamble which it is really that totally different. We know trading is for long term and gambling is for leisure and entertainment.
You cant really be able to collide both things to be similar because it is really just truly that different. Trading would really be turning out to be a gambling is on the time that you wont really be putting
any analysis with your trading decisions which is something that we do really need to avoid. You would once realize these things when you do have that actual dealing with these things.

For some, gambling isn't a leisure and entertainment. We just have to accept it that it's not for us and there are people that don't gamble just for those but for livelihood.

Those are the good gamblers that have made their ways to become professionals and there's really existing people that are into this business. They're making more than what some other traders make but there are also traders that do make more than these gamblers.

[wxa7115]

It is important for oneself to conclude that luck can be today and not be tomorrow. And we want stable results. So, it is better to pay attention to learning and experience than to hope for luck.

It's not possible to tell when luck will come or how long it will stay if it's already there. This is why people are advised to not depend on it but we should only depend on the things which are more surer every single day. Like for example by working on an office job, you are always guaranteed to be paid daily as long as you show up and do your job properly.

Stable results will depend on some activities only. Not all times they are available so people should accept the reality if they don't want to suffer. Learning and experience are both needed in trading but despite of it, making the same amount money from time to time is still not guaranteed but it's better than in gambling if your goal is to make money.

Unfortunately very few people will choose such a path, if you could somehow offer a person the chance of becoming rich right now with very low odds of this happening, or to become rich on 20 years but with a very high likelihood of happening, a great deal of people will choose the former over the latter.

Basically people want not only to get rich, they want to reach such riches with no effort and as quickly as possible, a dream that is almost impossible to accomplish as those which become that wealthy take a very long time to reach their goals.

[bitgolden]

This is a very important difference for trading and gambling. Apart from the rigorous time of proper and professional learning of the ropes which are so many to mention, from learning the general market analysis, currencies and coins interphase and interaction like $ especially, you now begin to learn how to operate on the trading platform or channel, how to place orders and what have you including stoploss, take profit, trailing stop, all the buy limit and sell limit plus your emotions all have to be learnt. Most important difference therefore is you can learn or relearn on the mistakes you made but I don't really know if we can call anything mistake in gambling rather we consider it as bad luck on that day.

Learning how to trade is a big task, not a lot of people can do that and I believe that it is going to take a while before people really learn what they are doing. I know that it is not going to be that simple, but I know it is going to be available to focus on what they could potentially do. One of the biggest examples of this would be making sure that we are not really trading what we know, we are trading what we think we know without learning.

If you end up learning it well enough then you are going to end up with a trouble beyond measure. I hope that it gets to be a situation where everyone realizes that learning is a core part of trading. Gambling on the other hand? You do not need to learn anything after you learned the rules of the game.

[Yamifoud]

This is a very important difference for trading and gambling. Apart from the rigorous time of proper and professional learning of the ropes which are so many to mention, from learning the general market analysis, currencies and coins interphase and interaction like $ especially, you now begin to learn how to operate on the trading platform or channel, how to place orders and what have you including stoploss, take profit, trailing stop, all the buy limit and sell limit plus your emotions all have to be learnt. Most important difference therefore is you can learn or relearn on the mistakes you made but I don't really know if we can call anything mistake in gambling rather we consider it as bad luck on that day.

Learning how to trade is a big task, not a lot of people can do that and I believe that it is going to take a while before people really learn what they are doing. I know that it is not going to be that simple, but I know it is going to be available to focus on what they could potentially do. One of the biggest examples of this would be making sure that we are not really trading what we know, we are trading what we think we know without learning.

That is why I don't force someone to get involved in trading if they know that they can do the job and carry the risk. And it was to know that trading is not for everybody, so if we think luck could help us, we'd rather leave and forget trading instead, choose to gamble.

If you end up learning it well enough then you are going to end up with a trouble beyond measure. I hope that it gets to be a situation where everyone realizes that learning is a core part of trading. Gambling on the other hand? You do not need to learn anything after you learned the rules of the game.

Well, in gambling we don't need to become pros or experts, at least having some knowledge is enough as we just rely on luck which is a pretty different approach to trading it indeed needs to have good knowledge and we know how to communicate with the market sentiment.

[AmoreJaz]

This is a very important difference for trading and gambling. Apart from the rigorous time of proper and professional learning of the ropes which are so many to mention, from learning the general market analysis, currencies and coins interphase and interaction like $ especially, you now begin to learn how to operate on the trading platform or channel, how to place orders and what have you including stoploss, take profit, trailing stop, all the buy limit and sell limit plus your emotions all have to be learnt. Most important difference therefore is you can learn or relearn on the mistakes you made but I don't really know if we can call anything mistake in gambling rather we consider it as bad luck on that day.

Learning how to trade is a big task, not a lot of people can do that and I believe that it is going to take a while before people really learn what they are doing. I know that it is not going to be that simple, but I know it is going to be available to focus on what they could potentially do. One of the biggest examples of this would be making sure that we are not really trading what we know, we are trading what we think we know without learning.

If you end up learning it well enough then you are going to end up with a trouble beyond measure. I hope that it gets to be a situation where everyone realizes that learning is a core part of trading. Gambling on the other hand? You do not need to learn anything after you learned the rules of the game.

if you have no patience in learning the trade, you won't go anywhere on this field. however, once you get acquainted with the ins and outs, you would be addicted like in gambling. however, the prob with gambling is even if you learn the trade, winning will still be slippery as most games are based on luck. whereas, when it comes to trading, the more you know about what you're doing, the better chance of earning profits or at least not losing all your funds.