Isn't trading almost like gambling?

[stomachgrowls]

No, I don't really think so, trading has nothing to do with gambling, they are totally different from each other, because gambling is a game of luck, while trading is based on knowledge,  and the your ability in the craft.

Those traders that are trading as if they are gambling are mostly the cause of people comparing gambling and trading together, in trading you don't chase losses like they do in gambling, because if you do, you will surely do yourself more harm than good, but their are traders who are making it big because they have masters the craft, and they know when to trade and when not to trade, those set of traders are the profitable traders, while in gambling their is no mastery, it's a game that is base on how lucky you are on that day, nothing more.

Trading would really be just that become gambling on the time that you wont really be applying any analysis in regarding into your trades on which this is something that you can really be able to tell that
you are really that indeed doing gambling on this case. When it comes to risks handling then it would really be that depending into those people who would really be doing or making out such engagement
on where trading is something that needs up that kind of strategy and analysis on what you are really that been dealing off with. You cant really just that make out some trading without any basis
because once you have done this then you are just basically doing gambling.

It would really be needing up that different approach on how you would really be dealing up with things because once you do find yourself having that kind of treatment towards
trading on which you do make out some pure guess on where prices could go then its just simply gambling.

[Cookdata]

No, I don't really think so, trading has nothing to do with gambling, they are totally different from each other, because gambling is a game of luck, while trading is based on knowledge,  and the your ability in the craft.

Perhaps you should say that gambling is all about luck and knowledge probability while trading is using knowledge in technical and fundamentaly about what you are trading at hand. Gambling and trading are never th same and doesn't correlate at all but I think futures can b categorized as a form of gambling but in trading form. In spot trading, you only have unrealized proofs and loss but futures is not realize unless you are using cross margin which requires more money if liquidation is coming close.

Those traders that are trading as if they are gambling are mostly the cause of people comparing gambling and trading together, in trading you don't chase losses like they do in gambling, because if you do, you will surely do yourself more harm than good, but their are traders who are making it big because they have masters the craft, and they know when to trade and when not to trade, those set of traders are the profitable traders, while in gambling their is no mastery, it's a game that is base on how lucky you are on that day, nothing more.

A trader that fail to use technical and fundamental analysis is not trading, what the are doing is pure gambling which can lead to disaster one day. We have a lot of them right now in this bull run but they don't learn until the very day we have a hard correction the way we have been pumping all this while, you will see them calling crypto as a scam.

[God bless u]

Yeah you're absolutely right this is only the modern shape of calculative gambling I will say.There is not that much of a risk like gambling. Risk in trading depends on certain factors and if you're not very greedy you can of course do risk free investments. Bitcoin and the top altcoins mostly give you profits and there is a very small chance of failure.

The point here is to consider trading as a side income until you become professional enough to peruse this as a full time career. Newbies with a kind that it'll make them millionaires come and invest blindly without having much knowledge. You can't blame crypto for everything and you can hide your greediness behind it.

[Volimack]

Trading and gambling are two completely different things. In trading skill plays a major role but in gambling it is all about luck. In gambling nothing is predictable but in trading many things are predictable and predictable. If you work according to that you can reduce the loss a little bit if you want to test but it does not happen in gambling.

[jaberwock]

Trading and gambling, their risks are exactly the same. Both trading and gambling are high risk. Making money from trading is very difficult. Trading and gambling, can make a man from rich to poor, and from poor to rich, it doesn't take long. If you are losing here, you better leave it and focus more on long term bitcoin holding, you can earn much more money from bitcoin holding as well.

No, if trading and gambling both of different so their risk is also something different, gambling is too high because it's like win or loose but in trading you good chances to make profits, because if you have patient to holding until get profit but there are no such opportunity in the gambling, so i think trading is less risky than gambling.

I do agree that the risk is high in both of them and that is why people consider it the same, but that doesn't mean that we are going to end up with anything similar if we know what we are doing. I think it's quite important to realize that we are going to end up with a lot better results at trading and that should be the most important part. I hope that we could just consider the situation to be dissimilar when you end up learning how to trade, that's the most important thing.

I think what we do not know how the result will be and gamble differently when we do not know how to trade. In that situation then we can say that a newbie trader and a gambler could have quite similar results which would be a bit of a trouble.

[redsun114]

Some persons keep saying that trading is almost the same thing like gambling but the difference is very clear.
There are also gambling traders that don't always have the patience to stick to the strategies that will help them to keep winning more.
It is good for us to weigh our trading skills and know whether truly we are gambling traders or not. It is very important for us to use good strategies to trade so we have a better results.

People who assume trading is the same as gambling, they probably don't understand what trading is.
Sure, the difference is very obvious, trading requires skills or knowledge. Meanwhile gambling doesn't really need skills or knowledge. If we play slots, we can play the game without any skills. In trading, you can' trade at all if you don't have the knowledge. Even if you can learn through demo trading feature, it won't work well to gain profits without a proper knowledge. So, knowledge or skills is a fundamental part in trading, but it is not so crucial thing in gambling.

There is one part of gambling that requires skills, knowledge, and experience and if one has all these, they can make some money from it in the long run. I'm talking about sports betting, it is the only part of gambling that isn't completely dependent on luck and one needs knowledge and experience to win most bets in it. So, maybe it is what some people tend to compare with trading.

There is one more thing that might be the reason for all these comparisons that people make between trading and gambling, it is trading spheres that are a bit more risky than others, such as options trading and futures trading where one can lose their money if their trades go here and there just a little bit.

[Miles2006]

Trading and gambling are two different thing but both are channeled to making fast money, the reason why investing will never be compared to both is just because investing has to do with holding. I have heard similar saying like this and people emphasize more on the luck involved in gambling but I totally disagree, gambling has nothing to do with luck even if people earn by chance it depends on how he/she placed their bet. Trading at the other hand has to do with serious learning process and without the knowledge there's no  success, the features of trading is more complex compared to gambling.

[bettercrypto]

Trading and gambling, their risks are exactly the same. Both trading and gambling are high risk. Making money from trading is very difficult. Trading and gambling, can make a man from rich to poor, and from poor to rich, it doesn't take long. If you are losing here, you better leave it and focus more on long term bitcoin holding, you can earn much more money from bitcoin holding as well.

No, if trading and gambling both of different so their risk is also something different, gambling is too high because it's like win or loose but in trading you good chances to make profits, because if you have patient to holding until get profit but there are no such opportunity in the gambling, so i think trading is less risky than gambling.

I do agree that the risk is high in both of them and that is why people consider it the same, but that doesn't mean that we are going to end up with anything similar if we know what we are doing. I think it's quite important to realize that we are going to end up with a lot better results at trading and that should be the most important part. I hope that we could just consider the situation to be dissimilar when you end up learning how to trade, that's the most important thing.

I think what we do not know how the result will be and gamble differently when we do not know how to trade. In that situation then we can say that a newbie trader and a gambler could have quite similar results which would be a bit of a trouble.

That's true; they have the same risk, but they're not at the same level, and they don't have the same features. Trading in cryptocurrency is not based on guesswork; instead, it really needs knowledge to get you a consistent profit.

Unlike gambling, you can win a huge jackpot if you are a new or old member of the casino. Whether you know something or not, you can immediately get a big win in gambling, which in trading is no longer the same concept.

[Bonny070]

you said your friend lost almost $5000 and he is pursuing his losses, he should be buying and selling, he will not be losing any more.just buy and hold it when it rises you sell and make your money, and again he should learn how to conquered greed, because of greediness that makes more traders Loss their income. tell him I said he should not Chase his losses or else he loses more.

[milewilda]

Trading and gambling, their risks are exactly the same. Both trading and gambling are high risk. Making money from trading is very difficult. Trading and gambling, can make a man from rich to poor, and from poor to rich, it doesn't take long. If you are losing here, you better leave it and focus more on long term bitcoin holding, you can earn much more money from bitcoin holding as well.

No, if trading and gambling both of different so their risk is also something different, gambling is too high because it's like win or loose but in trading you good chances to make profits, because if you have patient to holding until get profit but there are no such opportunity in the gambling, so i think trading is less risky than gambling.

I do agree that the risk is high in both of them and that is why people consider it the same, but that doesn't mean that we are going to end up with anything similar if we know what we are doing. I think it's quite important to realize that we are going to end up with a lot better results at trading and that should be the most important part. I hope that we could just consider the situation to be dissimilar when you end up learning how to trade, that's the most important thing.

I think what we do not know how the result will be and gamble differently when we do not know how to trade. In that situation then we can say that a newbie trader and a gambler could have quite similar results which would be a bit of a trouble.

That's true; they have the same risk, but they're not at the same level, and they don't have the same features. Trading in cryptocurrency is not based on guesswork; instead, it really needs knowledge to get you a consistent profit.

Unlike gambling, you can win a huge jackpot if you are a new or old member of the casino. Whether you know something or not, you can immediately get a big win in gambling, which in trading is no longer the same concept.

Same risks only if it turns out that you wouldnt really be applying any analysis on the time that you do make out trades on which there's so much difference if we do speak about the risks level
which it will really that matter on how you do make  things to happen. Trading is not for leisure and that the main difference if we do speak about the actual purpose of both things
on which we know that trading isnt something like that. Things would really be just that turns out to be gambling if you wont really be applying any analysis which i have said earlier.
For gambling then there are really that moments that you would be also needing to apply analysis too on which it would be something that be on strategic games but
in overall i dont see that gambling and trading could really be having that equal risks when it comes to this manner.

[Franctoshi]

My question is, isn't trading almost like gambling considering it uncertainty and also looking from the fact that he has lost a fortune out of trading within a short space of time?

Is it possible for him to easily recover his money back or is losses like that very much a part of the trading experience?

Majority of traders approach the market wrongly because of the urge to make quick money ,hence they're not patient with the market, one thing I have got to understand over the years of trading is that market will definitely play with your emotions, and if you could notice, most times you opened an order, the price tends to go against you first, and what's the aim? to trick you out ,and the moment you quit that trade, you will be to see it going up or down again depending on which direction the market wants to go, However, No doubts, in as much the market is hugely manipulated by market movers, this is why to survive in this game you must "manage risk" because if you are right with your analysis of the market, it will definitely go to the same direction,  and this happens when it must have succeeded in shaking out the weak hands out of the market.

Don't gamble the market, and play alongside the rules, your results will be different.

[GeorgeJohn]

Today I visited a friend who is a forex trader, according to him he trades on the USD, gold and BTC and I normally don't fancy the idea of trading because it appears a bit complex for my understanding and from my little knowledge, it seems as though trading is almost same as gambling because at the end of your analysis you're not sure of the outcome of the trade since it's basically a short term adventure and the volatile nature of most traded items depict it to be uncertain with time.

from the beginning I condemn the fact that people compare trading and the gambling and it is very obvious but gambling don't have to do with the trading of Bitcoin because from the  system You can see that tumbling game of luck and it does not have their perfect skill but you adopt or acquire Before you can be able to win a gambling properly weekly and the monthly constantly winning gambling why And threaded it has to do with skill acquisition and if you have not know the rudiment of trading you won't be able to excel well in Trading immortal understand and the comprehends the primary techniques of trading before you can make a profit why in gambling you cannot learn how to predict it is a game of luck and the game of opportunity.

I just commented on a thread about following simple rules like cutting losses, and I want to tell all of you about my friend. He did cut losses when the Bitcoin price dropped under $6-10k in 2019 or something. I just remember there was a time when Bitcoin dropped to that price, and he had to follow his rule, cutting losses on all his Bitcoin. But just around a short time later, Bitcoin recovered fast and went to a new peak price. Lol. He was so regretful. Yes, trading needs some luck alongside your skill.

with this Scenario It seems that not reading is something that I have to do with smartness and also a decision when you have your decision in Trading it's neither lead you into the positive part of benefit in Trading or it will lead you into the negative impact of threading so what you need is information in Trading and also observe the environment is not only about opportunity making a profit in Trading is based on your consciousness and your observation in Trading will make you to make a profit directly in trading

[deathcode]

Trading and gambling are two different thing but both are channeled to making fast money, the reason why investing will never be compared to both is just because investing has to do with holding. I have heard similar saying like this and people emphasize more on the luck involved in gambling but I totally disagree, gambling has nothing to do with luck even if people earn by chance it depends on how he/she placed their bet. Trading at the other hand has to do with serious learning process and without the knowledge there's no  success, the features of trading is more complex compared to gambling.

trade will remain trade. and gambling will remain gambling. that's something different. I don't know why you think gambling is not the result of luck. do you study gambling? do you analyze gambling?
You have to know why gambling depends on luck. that's because the odds of your bet are 50:50. the result is the possibility of you winning or losing. When you bet, you do not have any control over the bet you have made.

[Kelvinid]

Trading and gambling are two different thing but both are channeled to making fast money, the reason why investing will never be compared to both is just because investing has to do with holding. I have heard similar saying like this and people emphasize more on the luck involved in gambling but I totally disagree, gambling has nothing to do with luck even if people earn by chance it depends on how he/she placed their bet. Trading at the other hand has to do with serious learning process and without the knowledge there's no  success, the features of trading is more complex compared to gambling.

trade will remain trade. and gambling will remain gambling. that's something different. I don't know why you think gambling is not the result of luck. do you study gambling? do you analyze gambling?
You have to know why gambling depends on luck. that's because the odds of your bet are 50:50. the result is the possibility of you winning or losing. When you bet, you do not have any control over the bet you have made.

That seems right but for those traders who have lack of knowledge and experience, their journey is just like seeking luck and more chances of losing than earning. However, this won't change anything because trading can be learned and we can improve our chances unlike gambling as we still rely upon luck rather than our skills and experience.
Those who think that trading is like gambling are those people who are not even doing trading at all. And if we are a gambler, we can also say that gambling is not like trading as we can just bet based on our personal judgment, and if we are too lucky we win. 

[Bushdark]

Trading and gambling are two completely different things. In trading skill plays a major role but in gambling it is all about luck. In gambling nothing is predictable but in trading many things are predictable and predictable. If you work according to that you can reduce the loss a little bit if you want to test but it does not happen in gambling.

The two are completely different but we can still choose to gamble as a trader. The choice is left to any trader that wants to gamble with there funds. Trading is an act, we need to learn it very well to before a good trader not like gambling that anyone could enter and make money based on luck. We need to be relaxed and patient for us to make money in the market especially if we are responsible traders.
There is also gamblers in traders that are after making fast profit from the market trying to gamble their luck.

[Z_MBFM]

Trading and gambling are two completely different things. In trading skill plays a major role but in gambling it is all about luck. In gambling nothing is predictable but in trading many things are predictable and predictable. If you work according to that you can reduce the loss a little bit if you want to test but it does not happen in gambling.

The two are completely different but we can still choose to gamble as a trader. The choice is left to any trader that wants to gamble with there funds. Trading is an act, we need to learn it very well to before a good trader not like gambling that anyone could enter and make money based on luck. We need to be relaxed and patient for us to make money in the market especially if we are responsible traders.
There is also gamblers in traders that are after making fast profit from the market trying to gamble their luck.

How can trading and gambling be one? can cryptocurrencies be used in both places to combine the two? Gambling is a game of chance. and trading is a type of investment. the better you can analyze here and buy and hold potential coins for the right time, the more profit you will get. And there are 2 types of trading, one is long term and the other is short term, but both can be profitable. and in gambling, if you win, you gain and if you lose, you have to lose the entire money. so gambling and trading are by no means the same.

[Rabbitqt]

Trading and gambling are two completely different things. In trading skill plays a major role but in gambling it is all about luck. In gambling nothing is predictable but in trading many things are predictable and predictable. If you work according to that you can reduce the loss a little bit if you want to test but it does not happen in gambling.

The two are completely different but we can still choose to gamble as a trader. The choice is left to any trader that wants to gamble with there funds. Trading is an act, we need to learn it very well to before a good trader not like gambling that anyone could enter and make money based on luck. We need to be relaxed and patient for us to make money in the market especially if we are responsible traders.
There is also gamblers in traders that are after making fast profit from the market trying to gamble their luck.

How can trading and gambling be one? can cryptocurrencies be used in both places to combine the two? Gambling is a game of chance. and trading is a type of investment. the better you can analyze here and buy and hold potential coins for the right time, the more profit you will get. And there are 2 types of trading, one is long term and the other is short term, but both can be profitable. and in gambling, if you win, you gain and if you lose, you have to lose the entire money. so gambling and trading are by no means the same.

Trading isn't an investment; investing is an investment. At the end of the day, trading is nothing more than educated gambling. An inexperienced trader is just like a gambling junkie; an experienced trader is like a card counter; they are still gambling, just in different formats. All you have to do is manage a positive win rate to make it profitable.
 
As someone who has been trading for 8 years (full time) and a professional poker player for 12 years, the two have very common similarities, and to be honest, their mindset is basically the same.


, if you win, you gain and if you lose, you have to lose the entire money

Not true, only if you're a degenerate (margin trading). In gambling (professional), there is the concept of risk management and bankroll management. These practices are just like trading. E.g., never trade your full bank roll, use stop-loss, etc. At this point I'm convinced you're choosing not to see the similarities.

[goldkingcoiner]

Today I visited a friend who is a forex trader, according to him he trades on the USD, gold and BTC and I normally don't fancy the idea of trading because it appears a bit complex for my understanding and from my little knowledge, it seems as though trading is almost same as gambling because at the end of your analysis you're not sure of the outcome of the trade since it's basically a short term adventure and the volatile nature of most traded items depict it to be uncertain with time.

He has lost almost $5000 dollar in course of his trade and he is still positive that he is going to recover all is lost money back in his next trade. I don't really know how trading works that much cause what I have learnt and I have been used to is to Buy a certain asset like the BTC or any valuable asset that will appreciate with time and HODL it. I know that this strategy isn't for someone of his kind that's basically looking for any immediate means of doubling his income and so long term investment won't necessarily seem a good idea for him.

My question is, isn't trading almost like gambling considering it uncertainty and also looking from the fact that he has lost a fortune out of trading within a short space of time?

Is it possible for him to easily recover his money back or is losses like that very much a part of the trading experience?

No, gambling and trading are very different. For the main part, gambling casinos will always have a 'house edge' which ensures they win more often than the players. This has to do with probability. In trading, the odds are the same for everyone (except insider traders). The only thing that sets you apart in trading is having the ability to create your own "edge" by making good judgement calls on coins/investments that are worth trading. And that depends on your experience, skills, willpower and knowledge.

There is a huge difference in investing in some unknown memecoin or into a worthwhile business.

[dansus021]

Isn't trading almost like gambling? Hmmm yeahhhhh I would say yes a little bit because we cant predict accurately every time where the market goes.

It would be gambling if you don't have a proper analysis and go DEGEN with leverage x999999  trade spot and keep crafting your analysis you might find that trade is not a gamble and can earn decent of money

[Mame89]

My question is, isn't trading almost like gambling considering it uncertainty and also looking from the fact that he has lost a fortune out of trading within a short space of time?

Of course trading and gambling are different things, although there is a risk of losing money, in my opinion there are several differences between trading and gambling. One of them is that trading may have a time period, when we make a transaction, we ourselves determine when to buy and sell. This means we have a choice. For example, if we sell it now, we could lose money. We can choose to just hang on until prices improve and rise.

This does not happen in gambling, we have to follow the game time period determined by the bookie himself, and we cannot survive. Apart from that, in gambling we also have no way of mitigating because in gambling there are only two choices, win 100% or lose 100%.

Is it possible for him to easily recover his money back or is losses like that very much a part of the trading experience?

Yes, losses when trading certainly won't make your money back unless you haven't sold it, even if you have sold it and experienced a loss, all you need to do is rearrange your strategy so you don't experience another loss. .