Is Forex same thing as betting

[CryptopreneurBrainboss]

In continuation, I have not seen this type of gambling online before that does not have a closing time. The last time I saw it was when I was in school, students and some other people that like crazy things like that. The gambling OP is referring to gambling on online sites and the ones on the gambling board on this forum which I have stated already. But using timing to compare between gambling and forex is not totally correct, not totally correct means not that it is wrong, but not entirely true.

Nobody spoke about gambling not having closing time, I said trading doesn't excluding weekends and that's because the discussion here is Forex trading and not cryptocurency trading. Like I also said just because I didn't specify the type of gambling I meant which is (sport betting) doesn't make me wrong because we all have been generalizing here by just saying Gambling.  The OP is talking about forex so crypto trading explanation has no merit here, crypto trading and forex are different.

You're not a gambler so you don't know, gambling goes beyond what's happening on casino and sportsbooks. Haven't you heard about gambling tournament held online, even the ones gamers gamble by betting on who wins the games and those prizes, the house has no say sometimes they take commission and other times the players get everything without involving the house and all this are done online not manual.

We said gambling which should cover everything gambling and not just casino games or sport betting. We have decentralized games were users bet P2P, it isn't very popular among the forum users but it's happening and just because you don't know about them doesn't mean it isn't happening. I could name sites but I don't what to promote any site that'll make people lose money and if you browse online (which everybody can do), you'll see platforms offerings such services. Here's an article posted on August 2023 which will let you know P2P betting are gaining momentum;

Peer-to-peer sports betting is crypto’s next killer app Decentralized sports betting enables gamblers to not only beat the house but also own it

• Users can offer and accept bets as they compete against each other through peer-to-peer betting instead of endlessly challenging The House

Web3 betting is taking betting from the house having the edge to the players to own it. Timing also has an impact in sport betting which is also gambling but mightn't have in casino games but they're all gambling.

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[Charles-Tim]

Nobody spoke about gambling not having closing time, I said trading doesn't excluding weekends and that's because the discussion here is Forex trading and not cryptocurency trading. Like I also said just because I didn't specify the type of gambling I meant which is (sport betting) doesn't make me wrong because we all have been generalizing here by just saying Gambling.  The OP is talking about forex so crypto trading explanation has no merit here, crypto trading and forex are different.

What I also meant there is that forex as well have closing time, not about crypto trading which does not have time limitation. Although I was unable to first understood that probably due to the typo which supposed to be 'except' instead of 'expect'. I meant forex has a time limitation is what I meant on my post as well. But what I prove as not entirely correct is that betting have time limitation is not entirely true.

Betting get time limitations but trading no get expect say the market no dey open Saturday and Sundays.

You're not a gambler so you don't know, gambling goes beyond what's happening on casino and sportsbooks. Haven't you heard about gambling tournament held online, even the ones gamers gamble by betting on who wins the games and those prizes, the house has no say sometimes they take commission and other times the players get everything without involving the house and all this are done online not manual.

I do not know this is existing. Which means there are P2P gambling sites online. Although, if they are online, the are likely to be online always as well, but gamblers are the ones to determine when to gamble or not, and the games to gamble with or not. I have just known this right now.

[CryptopreneurBrainboss]

I do not know this is existing. Which means there are P2P gambling sites online. Although, if they are online, the are likely to be online always as well, but gamblers are the ones to determine when to gamble or not, and the games to gamble with or not. I have just known this right now.

And you're still misunderstanding as I noticed you're editing and reposing your replies multiple times and I received notifications each time which means you're correcting whatever you previously wrote. Maybe you should understand the sentence well before replying as mistakes can be made in spelling (not intentional but due to auto correction) but if you pay attention without rushing to reply you'll get what the person is trying to say.

Again your statement of a P2P gambling site been online regardless isn't responding perfectly to my statement of we having a P2P gambling site. I made that reply in response to your point below;

Gambling:
Gamblers are losing to gambling site owners and share holders

What I'm trying to say is not all gambling leads to you losses going to the site owners or share holders, we have decentralized gambling and it's growing just as online gaming/gambling grew to the multi-million industry it is. The point isn't about gambling been online always but about where the losses goes to.

[Franctoshi]

From the point of experience, being a trader and a gambler, I tell you that both are quite different from the other at some point in the sense that,

Trading

1. Trading requires training yourself.
2. You slightly can control what happens in trading, like taking profits,  adjusting stop-loss, exiting the market when you feel like existing, etc, than you do in gambling.
Lastly, if you know what you are doing in trading you profit more than you profit in gambling.

Gambling
 
1. Requires little or no skill to get involved.
2. After staking, you can't adjust your bets or change your bet decisions after a particular time frame.
3. You are not in control until the end of the game.

[Charles-Tim]

And you're still misunderstanding as I noticed you're editing and reposing your replies multiple times and I received notifications each time which means you're correcting whatever you previously wrote. Maybe you should understand the sentence well before replying as mistakes can be made in spelling (not intentional but due to auto correction) but if you pay attention without rushing to reply you'll get what the person is trying to say.

This is getting funny  . I think you have the mindset that I am correcting you there. I am not correcting you. The only correction which I do not even admit that it is wrong, but not entirely right is what I quoted. But I will not refer to it again because I do not want to keep repeating myself.

Secondly, on this thread, yes I edited the typos, but I did not repost anything. You can use Ninjastic.space as proof. This is Bitcointalk and people can correct mistakes and typos and some people do even admit that. I do this on English boards as well without anyone raising anything as they understand.

Again your statement of a P2P gambling site been online regardless isn't responding perfectly to my statement of we having a P2P gambling site. I made that reply in response to your point below;

Gambling:
Gamblers are losing to gambling site owners and share holders

What I'm trying to say is not all gambling leads to you losses going to the site owners or share holders, we have decentralized gambling and it's growing just as online gaming/gambling grew to the multi-million industry it is. The point isn't about gambling been online always but about where the losses goes to.

You are the one that is misunderstanding because I did not imply that you are wrong about this statement. Or you can point to anywhere that I meant that you are wrong about it.

[CryptopreneurBrainboss]

And you're still misunderstanding as I noticed you're editing and reposing your replies multiple times and I received notifications each time which means you're correcting whatever you previously wrote.

This is getting funny  . I think you have the mindset that I am correcting you there. I am not correcting you. The only correction which I do not even admit that it is wrong, but not entirely right is what I quoted. But I will not refer to it again because I do not want to keep repeating myself.

And you're misunderstanding again which is why I said you should read well and understand before writing, not correcting whatever you wrote then reposting. You didn't understand the statement or didn't get the idea I was passing across. You don't quotes and correct what isn't wrong. I gave you an example as you wrote what wasn't entirely correct but I understood the angle you're coming from because I calmed down and read your reply and not just having a glance and immediately quoting to respond. Your statement of the house having the edge in gambling isn't entirely true for all gambling but I understood you're talking from an angle of a part of gambling and so is my response of the timing.

Next time calm down to read and not rush to respond and keep editing for reposting as you can edit without reposting. I don't enjoy writing in English on the local board so I'll stop responding on this thread as well.

[Charles-Tim]

Next time calm down to read and not rush to respond and keep editing for reposting as you can edit without reposting. I don't enjoy writing in English on the local board so I'll stop responding on this thread as well.

Like I implied before, I did not repost anything.

Click on the link, I posted it at 11:48 am, I did not delete and repost it at 11:54 am.
https://bitcointalk.org/index.php?topic=5469396.msg62968445#msg62968445



Click on the link, I posted it at 11:35:49 am, I did not delete and repost it at 12:42 pm.
https://bitcointalk.org/index.php?topic=5469396.msg62968647#msg62968647


I do not know why your bot is sending you edited but not reposted posts notifications. Yet I am still inline with what I am discussing.

[Zigabel]

Over some years now, I have been trying to figure out the difference between Forex and betting, and with my analysis, evaluation etc, I found out two difference which is,  exchange of currency in Forex while in betting there is no exchange of currency and also forex market has closing time and time it opens but betting doesn't( everyday).
However, Forex is same thing as betting. Betting can turn someone to millionaire, billionaire etc likewise forex. You analyse in forex likewise in betting.

Please give me some difference if you have.

Forex may share some similarities with gambling only if you are an amateur trader, but professional traders will never agree to this idea. The fact that they share a similarity which I think is also common with other business does not make them same, even if you venture into any kind of business physically you can get Rich doing the business and at same time also become poor if you suffer losses too often, this is common with business generally.

So the above is a generalized experience with business generally and not peculiar with forex and gambling. Forex is professional, the act of trading can be acquired as a skill and become someones means of lively hood and most often than none your could be sure to be profitable if you are skilled enough and have a good risk management strategy with which you trade with. Big investors who trust your skill in trading could confidently invest in your skill and hope to be profitable bearing the agreed risk which could be often defined. But with gambling you hardly define your risk,  you are not proud enough to present it to investors as an opportunity which they can investing in and you can not depend on it as a means of income, it as so many disadvantage because it solely luck dependent but forex is not luck dependent you need skill.