Bet9ja vs Forex

[Brainiac01]

From my own side I go talk say the two of them na actually prediction because even after you dn run analyses you no really dey sure of anything. I dn ask people wey dey into forex but some dey claim say e dey different. If you get idea about the two i go like know if anything really dey different for the two of them

[promise444c5]

From my own side I go talk say the two of them na actually prediction because even after you dn run analyses you no really dey sure of anything. I dn ask people wey dey into forex but some dey claim say e dey different. If you get idea about the two i go like know if anything really dey different for the two of them

There's no comparison between both at all, it's because of how people lose a lot of capital while trading made people started some outrageous comparison between FX and this so called games betting generally (either  sport or any form of betting).

You need to understand  the fact that gambling means having a false hope on an outcome of an event  while Fx is a general  prediction on how markets (Fiat, synthetic, crypto or any form of digital currency) moves.

People fail under Forex because they lack proper knowledge on what they are to invest on, I won't go into talking more about FX but try to understand this, either you know Technical analysis or Fundamental analysis  you need to understand you are dealing with future events , this is why brokers supports alot of tools to use some even provide funds leveraging.
Thus your trading App support alot of tools which you can use to avoid loosing all your funds, this are not even the main reason why people lose in FX the main reason is they don't trade according to their capital and they tend to feel like FX is some kind of get rich quickly syndrome. Fine, we all have story to tell but with time people mad3 it alot from learning process.

To avoid losing in FX you need to learn from your mistakes to improve  and never get to use robots or copy  trading as a beginner.

With all these, can you still compare Gambling  to FX  . Laast I check, you only need to pick odds and hope for a win in gambling  

[DaNNy001]

From my own side I go talk say the two of them na actually prediction because even after you dn run analyses you no really dey sure of anything. I dn ask people wey dey into forex but some dey claim say e dey different. If you get idea about the two i go like know if anything really dey different for the two of them

My brother the two from one sense na actually same but the difference is that one is more hype to thinking that you can actually make a living out of it while the other one na purely luck business. For me the two of can be related to luck and stats, although many people believe say you fit use same stats follow up gambling but my brother I tell it's not easy and I would advise sef for anyone wey no get watin dey give am money to actually avoid this method because these two things need proper and strick income because you fit turn addict if you say you wan carry for head.

[knowngunman]

From my own side I go talk say the two of them na actually prediction because even after you dn run analyses you no really dey sure of anything. I dn ask people wey dey into forex but some dey claim say e dey different. If you get idea about the two i go like know if anything really dey different for the two of them

You dey wrong for comparing this two because dem both involve risk no make dem the same thing. You Sabi forex? How about gambling? If you sabi both of them, dem no need to tell you their differences. E sure me say you no sabi dem sef cux no be bet9ja you suppose use for your topic but rather gambling instead.

Although, both of them get risk wey go make person lose his money but the difference between forex and gambling dey obvious. This two things wey you dey compare dey work differently because first of all, forex trading na legit business but gambling na for entertainment.

Forex na some thing wey you go use your knowledge and the skill you have to execute but gambling na based on luck. Na why people dey pay for forex class and tutorials to learn but you don ever see person dey pay to learn gambling before? I'm very sure, you never see. The thing be say make you no put body for any of this two if your mind no strong because e fit make you regret the day wey dem born you. I don try the both before and I know how dangerous they can be but forex is more reliable if you go fit take your time to learn very well about it.

[Cryptomultiplier]

From my own side I go talk say the two of them na actually prediction because even after you dn run analyses you no really dey sure of anything. I dn ask people wey dey into forex but some dey claim say e dey different. If you get idea about the two i go like know if anything really dey different for the two of them

My brother the two from one sense na actually same but the difference is that one is more hype to thinking that you can actually make a living out of it while the other one na purely luck business. For me the two of can be related to luck and stats, although many people believe say you fit use same stats follow up gambling but my brother I tell it's not easy and I would advise sef for anyone wey no get watin dey give am money to actually avoid this method because these two things need proper and strick income because you fit turn addict if you say you wan carry for head.

I understood the point you are trying to make and the bottom line is that, both of them involves the player or the trader to have had some kind of experience at losing.
Both may involve heavy emotional burden mostly when one is making losses more frequently than winning.

One candid advice that is always given and that affects both Bet9ja and forex traders is to never use the money one cannot afford to loose to bet or gamble or trade forex.  Also, when the winnings start rolling in, please keep some aside as profit or payment to oneself for a job well done after taking such risk.

[Charles-Tim]

It is worth knowing that Bet9ja is not gambling but a gambling site located in Nigeria.

From my own side I go talk say the two of them na actually prediction

Trading means buying and selling. Gambling is the prediction of games or matches.

In Forex, although you will predict but you buy and sell. Traders will want to buy at lower price and sell at higher price. Or when they know the market is going down, they open a short position. When they also predict the market is going up, they open a long position. That is not the same as gambling.

But some people call trading as gambling because of the risks. Trading is as risky as gambling. But how you use them to make money is different. Gambling do not requires indicators and technical analyses but trading does.

[Antotena]

From my own side I go talk say the two of them na actually prediction because even after you dn run analyses you no really dey sure of anything. I dn ask people wey dey into forex but some dey claim say e dey different. If you get idea about the two i go like know if anything really dey different for the two of them

If you concluded that bet9ja, sportybet or gambling in general is the same thing as forex, then I will assume you don't know forex or you know gambling but don't understand what forex trading is all about.

Gambling is making predictions with a platform and with this predictions it comes with a stake and that stake is what you lose to get what you expect. If you stake something, it gives you or gives nothing, you can stake your house for example that bitcoin will reach $50k before the end of this week but know that your house has become more like a collateral stake that will give you more than what your house worth. If bitcoin price reach the amount agreed, you will be return a heavy amount of money that can give you 20 times the value of your house by the company you stake the house with but if bitcoin fail to reach that price, you are going to lose your house.

Similarly forex is just like trading, you buy an assets with hope in mind that the price is going to appreciate later in the future. Just like I use a house as example, I will do the same here. If you decide to buy a house today for instance for $50k and you an to resell it in the future for 2 time the money you used to buy it and after some years, it yield more than that amount, the you get more profit from your investment but if some unforseen circumstances happen, the price may fall below what you bought it but if don't sell, you haven't really loss. What you have in that moment is unrealised loss, you can still hold until when the price appreciate again to make your capital and profits, this is what gambling doesn't give you.

However, forex has option of trading that looks like gambling which is margin trading, that's what most people does in forex and because they know nothing about it, they lose their trading funds most of the time.
Margin is like betting that price of an assets will appreciate later in the future, it's like a contract between two people that something will happen and this between two opposite traders, one is betting that it will go up and the other is betting that it will come down. Any of them that happened later is who will win and the other person with opposite predictions for home with nothing, that's basically how margin works. Gambling and trading is never the same.

[Obim34]

In terms of comparing both is base on the risk factor, i am not into forex trading but i know for sure there is high risk involved due to not certainty if the price will go up or down, its very hard to predict the outcome of something that is about to happen.

Comparing both i think the bet9ja will be much preferable, may be cos i don't know stuffs about the forex but one can easily predict a match between both teams, especially when a bigger team and a smaller team are playing, the points there can be clear.

[Mr.suevie]

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Comparing both i think the bet9ja will be much preferable, may be cos i don't know stuffs about the forex but one can easily predict a match between both teams, especially when a bigger team and a smaller team are playing, the points there can be clear.

Thank God you said maybe it's because you don't know stuffs about forex because for me I think forex trading is actually more better because of the probability ratio whereby gambling is luck base for me the difference between the two is that one of them you can actually calculate the outcome and work on it but that's only if you have studies and carefully understood the pattern to which it takes but for betting, it's more difficult to predict because even if you check the stats of the teams you still won't be assured of a correct result because of the luck factor that is in place in the sport.

[Obim34]

Thank God you said maybe it's because you don't know stuffs about forex because for me I think forex trading is actually more better because of the probability ratio whereby gambling is luck base for me the difference between the two is that one of them you can actually calculate the outcome and work on it but that's only if you have studies and carefully understood the pattern to which it takes but for betting, it's more difficult to predict because even if you check the stats of the teams you still won't be assured of a correct result because of the luck factor that is in place in the sport.

People who often lose a lot in betting are those who prefer using little amount to stake games just to win millions. Some people might carry on 30 games on their slip with a bet of 1k, among his predictions just few will cut the game.
Imagine If he should carefully pick just 2 games having total of 2 odds then staking with 500k that's automatically a 1M win.
Betting is total risk, you take the risk to make profits same with forex, heard how some people lost 1k$ in an instant while doing forex.

[KupaCrypto]

Bet9ja and forex Na two different platforms with entirely different activities, bet9ja they very easy pass forex , though predictions they Both of them, bet9ja Na purely game of luck, whereas forex Na combination of information, analysis and little bit of luck,  forex trading needs patience and serious analysis but make I tell u, no matter how u analysis man united vs crystal palace e no go stop man united from loosing to crystal palace, forex if u no dey too greedy you fit dey cash out small small, you fit still manage your risk for forex with the use of stop loss, but bet9ja e no dey possible to manage your risk, tho they both include prediction but they are different platforms with different activities entirely.

[Dzwaafu11]

From my own side I go talk say the two of them na actually prediction because even after you dn run analyses you no really dey sure of anything. I dn ask people wey dey into forex but some dey claim say e dey different. If you get idea about the two i go like know if anything really dey different for the two of them

E be like say you no know wetin be forex trading, because if you do, you no go compare am with gambling. However e clear say trading no be the same thing with gambling Abi you no know? E be like say you no know, if you know you no go compare gambling with forex.

Forex wey I they mingle with people wey learn am, those guys they even pay so that person go they teach them forex trading, if e no legit they no go learn or if they no see people they make money from there they no go learn am too nah. But for gambling me I never see anybody wey wan learn gambling before for my life, gambling na something wey you go just enter betting shop and decide which club go win and then that is all. But for forex I assure you say you go loose everything wey you Carry go if you wan try that kind thing, so make you know say forex na something wey someone go apply him own knowledge wey him go learn, some technical analysis before they fit do forex trading no be like gambling wey you go just do and commot.

[Makus]

Actually to speak the truth, the both of dem na just gambling, just that for forex trade e dey  reputable unlike normal bet9ja gambling. Wattin I mean be say, for the eye of any person, dem go tell you say you fit take forex trading as work. Yes I don see plenty person wey na forex trading Dem take dey feed themselves and family. Person wey dey do forex get good reputation pass person wey Dem know as gambler. So you fit bolding tell person say you be stock investor or forex trader than to say you gambler.

[Stable090]

People who often lose a lot in betting are those who prefer using little amount to stake games just to win millions. Some people might carry on 30 games on their slip with a bet of 1k, among his predictions just few will cut the game.

Na people wey wan use small money win jackpot dey do things like that, and they will find it difficult to win, the higher your odds, the higher your chances of losing, but if you select just small odd, then you go easily win money even if the money no go plenty like that. I don see plenty people wey go carry like 20 games, dey go come put 100 naira or 200 naira on top, hoping to win one mad mine like that, abeg how game like that go come, you go definitely see Wetin go spoil your ticket for you, but na Wetin most people dey do for naija be that. even if peoples dey win, no be always, and na few people go dey get that luck.

[Wiwo]

How can we compare what you hold a commodity for and what you have zero commodity for?

In trading you are engaged in buying and selling and exchange of commodity and you either decide when to sell or hold your asset and when to even visit the trading market.

But gambling is just a game of chances and you don't control the timing once you place your bet,  is either you lose or you win,  there is nothing like holding your bet for sometime, no the timing is counting and once exusted, the result will determine what you will walk away with at the end of the day.

So both of them are in comparable and have clear differences and calls of purpose if you truly understand them both.

[I_Anime]

Lol Eheheh both are not similar though but both have great risks attached to it. Like forex when you have trivial knowledge about it u think yah trading but you actually gambling because by luck the market chart will move for your Favour because you don't know what you doing I will call that blind trding, but if you good and know the in and out and how to manage risks in forex. Then I will say you good to go your winning will be more than your losses. While for betting is prediction still but you also need luck, if you think yah beast in predicting but you have no luck you will find it difficult to make a win. Though betting most also bring good earning expecially when you hit the jackpot bit with no principal there's a high chances you end up losing it. So both are not actually easy but for me forex is easy to manage than betting.

[DubemIfedigbo001]

Firstly, I was thinking that this topic needs to be moved to the gambling board, cos that's where it fits and not here, but on a second thought, maybe you could rephrase it to look more generalized and move the topic there. Bet9ja is only a gambling site and playing games on it is considered gambling, but forex is totally different from it.

Forex is just the normal buying and selling we experience in the markets and stores daily brought into the crypto world. its just trading of crypto. In gambling its for fun and stress relief, but in Forex, its purely business like and everybody that engages in it has to learn it like you learn a new business, know how it operates and how to engage in it to be profitable.

Both of them needs tactics and a good sense of judgement, with both high chances of loss, which makes people feel they should be categorized as same, but in reality, gambling is just like entertaining yourself with your money regardless of the outcome and is not an occupation while Forex trading is people's full time job and those who understands it well makes a good living from it.

[odunybiz]

Bet9ja and forex Na two different platforms with entirely different activities, bet9ja they very easy pass forex , though predictions they Both of them, bet9ja Na purely game of luck, whereas forex Na combination of information, analysis and little bit of luck,  forex trading needs patience and serious analysis but make I tell u, no matter how u analysis man united vs crystal palace e no go stop man united from loosing to crystal palace, forex if u no dey too greedy you fit dey cash out small small, you fit still manage your risk for forex with the use of stop loss, but bet9ja e no dey possible to manage your risk, tho they both include prediction but they are different platforms with different activities entirely.

In case of stop loss, we can compare cash out in Bet9ja to stop loss in Forex. Both almost look the same to me with just slight difference. This slight difference comes from the technical analysis that is been involved in Forex.

[Obim34]

Na people wey wan use small money win jackpot dey do things like that, and they will find it difficult to win, the higher your odds, the higher your chances of losing, but if you select just small odd, then you go easily win money even if the money no go plenty like that. I don see plenty people wey go carry like 20 games, dey go come put 100 naira or 200 naira on top, hoping to win one mad mine like that, abeg how game like that go come, you go definitely see Wetin go spoil your ticket for you, but na Wetin most people dey do for naija be that. even if peoples dey win, no be always, and na few people go dey get that luck.

And e go dey very hard for them to see cash out cause definitely one out of the whole multitude of games jam packed for the slip go render the sleep useless. Some go forget say for the gambling live na money dem dey use get money, the higher you stake the better profit you make no be every time person go dey believe always in miracle some times e good to take the risk but risk no mean say na to go carry borrowed money or our business money put inside the betting, most people na victim and e still good as we dey talk am make every body learn.

[nelson4lov]

As person wey don try hand for both forex and sports betting for a while, my candid opinion be say betting is based on pure luck and less about risk management whereas you need a solid knowledge base about the forex market and pairs plus a proper risk management in order to succeed in forex vs in gambling where anyone from anyone can just make a few selections and with the right amount of luck them go fit win am. Forex na different ball game in that e get learning curve and experience level wey market participants (traders) need attain.