Why I think trading is no different from Gambling!

[fuguebtc]

The line between trading and gambling is very thin. If you are a newbie with no knowledge and rush into trading thinking that luck will help you win, then you are gambling.

Basically, both have similarities but that doesn't mean they are the same. You can win in trading if you have knowledge, experience, skills...while in gambling, the only thing you need is luck. That is a huge difference, but in the end, whether they are similar or different depends on each person's thinking. Some people cannot make money and even lose heavily in trading, they will also call it gambling while those who can profit from trading with their knowledge consider it as a way to make money effectively.

If trading is gambling, why do many governments ban gambling and say it is harmful to society, while they do not ban trading?

[Awaklara]

The line between trading and gambling is very thin. If you are a newbie with no knowledge and rush into trading thinking that luck will help you win, then you are gambling.

Basically, both have similarities but that doesn't mean they are the same. You can win in trading if you have knowledge, experience, skills...while in gambling, the only thing you need is luck. That is a huge difference, but in the end, whether they are similar or different depends on each person's thinking. Some people cannot make money and even lose heavily in trading, they will also call it gambling while those who can profit from trading with their knowledge consider it as a way to make money effectively.

If trading is gambling, why do many governments ban gambling and say it is harmful to society, while they do not ban trading?

that's the point. if OP wants to learn better about trading, I'm sure he will find the difference between gambling and trading.
many beginners also feel the same way. especially for those who jump straight into future trading. without clear knowledge and science, the trading that is done only hopes for luck. it's the same as gambling.
I think all traders almost feel the same situation. need to improve their understanding of trading to know the difference. not a mistake for OP's understanding. many beginners also think trading is the same as gambling.

[stadus]

Please, am I wrong in looking at trading this way?.

Trading risk and gambling risk are like the same. But trading is better if you know about it very well. Trade with the amount of money that you can afford to lose.

Trading can even be worse than or be like  gambling if you use high leverage. If you use small leverage like 1x and using small amount of money to trade, you may see it different from gambling.

Trading is no different from gambling, but the only way trading creates an edge over gambling is that if you’re an experienced trader, you will make it massive in the end, but if you’re an experienced gambler, you may minimize your losses due to personal gambling experiences that taught you lessons, but still the probability of making it big in the end is still highly uncertain, due to the fact that the casino house has always an edge over its gamblers, and they will make it sure to always win which put their players at the losing end.

[gunhell16]

>well am no fan of Gambling, due to my experiences in the past, I decided I would quit gambling.
But just few months after I quit Gambling a friend of mine introduces Trading. I mean I was captivated. I really wanted to make money.
I wasn't really schooled in trading but i just followed what the others did , but along the line I've just realized that it is seemingly not different from gambling considering the fact  that I've lost a lot of money.
Please, am I wrong in looking at trading this way?.

If you think that gambling and trading are no different, that's your opinion; maybe you're only saying that because we also experience loss. But in trading, you have to spend time and study it.

While in gambling, even if there is no study to do, if you are lucky, you can win a large amount immediately if your bet hits a large amount, trading is not designed like that.

[GIF-JOBS]

Yes, trading is in no way less than gambling. It can be said that trading and gambling are completely the same. Gambling depends entirely on luck, and trading requires some luck as well as experience. Both are high risk. You must know everything well in trading. And take the right decision by doing good research.

[Luizwalter Crypt]

>well am no fan of Gambling, due to my experiences in the past, I decided I would quit gambling.
But just few months after I quit Gambling a friend of mine introduces Trading. I mean I was captivated. I really wanted to make money.
I wasn't really schooled in trading but i just followed what the others did , but along the line I've just realized that it is seemingly not different from gambling considering the fact  that I've lost a lot of money.
Please, am I wrong in looking at trading this way?.

Well, the little I've known about trading is that it could be gambled and it could also be done knowledgeably.
For beginners they see it as gambling and follow it that way for as long as it would take them to get the right knowledge while for advanced traders they put the odds of the gamble to their favour by replicating what they've learnt in the past that works to their trades.
Please I don't mean the advanced traders don't lose. They do but the difference is they win more than they lose with the help of the knowledge they've acquired.

[indah rezqi]

Yes, trading is in no way less than gambling. It can be said that trading and gambling are completely the same. Gambling depends entirely on luck, and trading requires some luck as well as experience. Both are high risk. You must know everything well in trading. And take the right decision by doing good research.

The risks may be the same, but not from your approach to both.
Someone can just come and gamble by relying on luck without needing to do analysis, while you have to do analysis before making a trade if you want to get returns. In the end I wouldn't say game (gambling) and trading are the same overall, but both carry a high risk of losing money.

[milewilda]

Please, am I wrong in looking at trading this way?.

Trading risk and gambling risk are like the same. But trading is better if you know about it very well. Trade with the amount of money that you can afford to lose.

Trading can even be worse than or be like  gambling if you use high leverage. If you use small leverage like 1x and using small amount of money to trade, you may see it different from gambling.

Trading is no different from gambling, but the only way trading creates an edge over gambling is that if you’re an experienced trader, you will make it massive in the end, but if you’re an experienced gambler, you may minimize your losses due to personal gambling experiences that taught you lessons, but still the probability of making it big in the end is still highly uncertain, due to the fact that the casino house has always an edge over its gamblers, and they will make it sure to always win which put their players at the losing end.

And this is something that you should really be trying out to achieve on which making yourself that someone who would really be thinking up well on how you would really be making those good analysis and making up those strategies on which we know that there are tools on which you could really be that make use of so that you would really be having that at least having that knowledge on what you are dealing with.
Trading would really be that becomes a gambling on the time or moment that on how you would really be treating it out. If you do really just that mindful and really that making up such good trading and not
really that trying out to make yourself making up some rush decisions without any basis then you arent that doing gambling but rather you are really that doing the right thing.

Some people having that kind of approach towards trading on which they arent that too serious on making up some application with those current strategies on which trading does have. Although it wont really be giving out that assurance that it would really be that precise but having these kind of applications of strategies will really be giving out that kind of chance or odds that you would be making up some profitable trades.
It would really be just that basing on how well you do handle up yourself about on the risks involved on whereas, it would really be that totally different when you do really deal up with
gambling games or casino games literally.

[Charles-Tim]

In the end I wouldn't say game (gambling) and trading are the same overall, but both carry a high risk of losing money.

Gambling and trading are not the same but traders can make it the same because they think that trading is a means to earn money daily but which is not. Some traders may want to earn $50 daily from $200 which they are using to trade. They will think of going to 10x leverage or more and their trading assets will continue to get liquidated.

The approach of many traders makes trading to be very risky like gambling. If there is patience in trading and the trader is not using a vey high leverage, there is possibility that trading can become a source of income for such person later, although not good to think of trading as a source of income but it can happen naturally with knowledge, experience and patience.

One good example of differences between trading and gambling is that if you are trading, you are not entertained with anything than candles sticks that you can be looking at and get exhausted. Trading is tiring. Unlike gambling which is entertaining if you spend your time well and not too much while gambling. But people still think that they can earn money from trading than gambling. Although, both are very risky and most traders and gamblers are losing.

[Rockstarguy]

>well am no fan of Gambling, due to my experiences in the past, I decided I would quit gambling.
But just few months after I quit Gambling a friend of mine introduces Trading. I mean I was captivated. I really wanted to make money.
I wasn't really schooled in trading but i just followed what the others did , but along the line I've just realized that it is seemingly not different from gambling considering the fact  that I've lost a lot of money.
Please, am I wrong in looking at trading this way?.

It can be seen as gambling when people go into it without having knowledge about it and some people thinks making profit in trading is all about luck. Trading is about having good understanding, traders don't make profit based on luck but how much of understanding that one have. The reason why people lose so much money in trading is because they lack the interest to learn trading and all they just want is to make quick profit out from trading.

You might have lose lot of money in trading this is because you Don not have knowledge in trading. Before going into trading the first thing which you need and can also reduce the risk of losing so much money is knowledge.  It is impossible for you to make profit trading with just guess work without you having the proper knowledge.  Trading and gambling are two different things, gambling is just luck which you really don't need to learn, while trading requires knowledge for profit and to also reduce the risk of losing money.

[AmoreJaz]

In the end I wouldn't say game (gambling) and trading are the same overall, but both carry a high risk of losing money.

Gambling and trading are not the same but traders can make it the same because they think that trading is a means to earn money daily but which is not. Some traders may want to earn $50 daily from $200 which they are using to trade. They will think of going to 10x leverage or more and their trading assets will continue to get liquidated.

The approach of many traders makes trading to be very risky like gambling. If there is patience in trading and the trader is not using a vey high leverage, there is possibility that trading can become a source of income for such person later, although not good to think of trading as a source of income but it can happen naturally with knowledge, experience and patience.

One good example of differences between trading and gambling is that if you are trading, you are not entertained with anything than candles sticks that you can be looking at and get exhausted. Trading is tiring. Unlike gambling which is entertaining if you spend your time well and not too much while gambling. But people still think that they can earn money from trading than gambling. Although, both are very risky and most traders and gamblers are losing.

If you really come unprepared and inexperienced in trading, then more than likely, it will be like gambling as you are just relying on your luck. But if you are very familiar with the market, it will give you some insights on how to trade efficiently. And you are reducing the luck factor.
Whereas, if you are into games which are based mostly on luck, then, you have no guarantee that you will go home with some profits. But in trading, if you come prepared, you will somehow gain some profits.

[Charles-Tim]

If you really come unprepared and inexperienced in trading, then more than likely, it will be like gambling as you are just relying on your luck. But if you are very familiar with the market, it will give you some insights on how to trade efficiently.

You are correct but not absolutely. There are many experienced traders that still make mistakes. They understand the market already but they still continue to do what they are dong and losing. I know many traders. What I know more about them is that they are nit making money but losing more, only just few make money. Some of them may tell me for over a month about how trading is good but later complaining that they are losin more. You are rmcirect because all good traders do not rely on luck but rely on knowledge and experience and they are very disciplined and avoid wrong emotional moves. But some traders have the experience but still losing because they are still getting somethings wrong about trading. I even see someone that later white after over a year if trading.

[GbitG]

Hmm, that's true mate!
Trading is not different from Gambling when you didn't have awareness regarding trading. If, in fact, someone does not have proper knowledge and experience about trading,So indeed he will consider trading as gambling. 
 
So in the crypto market if you want to do trading. You will need to learn and understand all those fact and points that make your trade's accuracy right. If you don't have any ideas for these points and facts, there are high chances that you will be able to lose. Like in Gambling, you bet on luck base, and if your luck is good, then you will profit, otherwise you will lose. So, in the same way, if you don't have knowledge and experience, it is a matter of luck, if luck is good, you will get profit, otherwise you will have to suffer loss.

[Distinctin]

Trading and gambling can be both similar at some point but they also differ in some ways. One thing I see they both commonly have is that at the end of the day, majority end up losing than winning. It’s just that you can take advantage with trading since you are in control of your own trade, unlike with gambling only the casino controls your outcome. With trading, the fact that you are trading following the prerequisites and you trade with the highest possibility to win, and the market cooperates, we’ll you’ll certainly end up winning huge amount, one thing that is only rare to happen with gambling.

[Dr.Bitcoin_Strange]

>well am no fan of Gambling, due to my experiences in the past, I decided I would quit gambling.
But just few months after I quit Gambling a friend of mine introduces Trading. I mean I was captivated. I really wanted to make money.
I wasn't really schooled in trading but i just followed what the others did , but along the line I've just realized that it is seemingly not different from gambling considering the fact  that I've lost a lot of money.
Please, am I wrong in looking at trading this way?.

Well, you might not be wrong to think like that. Everyone has their opinion about something, and the opinion of people usually comes from the experience or knowledge they have about that thing. 

This debate has been raised more than twice now, and the reason why I actually don't always agree that trading is like gambling is because trading has some principles that, if you actually learn them and build your strategy, you can make a profit from trading and minimize losses. 

In trading, we have some risk management strategies, such as the leverage settings and also the SL/TP settings, while in gambling, you don't have anything like that. 

Take, for example, if you stake $20 in a casino or slot game, it's only going to run for some seconds and your result will be out. Note that after you have staked, you cannot stop losing and take profit, but in trading, you can do that. 

If, for example, you entered a trading position with that same $20 and, based on your prediction, the trade started going against your direction and you have already lost $2, you can stop the trade and wait for a better opportunity to enter again, but in gambling, you don't have any option to stop you from losing the whole of that $20. 

If you properly learn about trading, how to read charts, and how to identify the best opportunity to enter a position, you will definitely make a profit from trading.

Gambling is specifically based on luck, but trading is not based on luck. If you don't learn how to trade, luck cannot make you a profitable trader. 

[Marvell1]

>well am no fan of Gambling, due to my experiences in the past, I decided I would quit gambling.
But just few months after I quit Gambling a friend of mine introduces Trading. I mean I was captivated. I really wanted to make money.
I wasn't really schooled in trading but i just followed what the others did , but along the line I've just realized that it is seemingly not different from gambling considering the fact  that I've lost a lot of money.
Please, am I wrong in looking at trading this way?.

You are on a trading board, you need to know that traders will never accept that trading and gambling are the same, because if they admit trading is gambling then they are gambers. I bet no one likes being called a gambler. LOL. But to be fair, they both have similarities but that doesn't mean they are the same.

According to what you said, it's clearly your fault because you can't make money and can't control yourself, not the fault of trading or gambling. If you make money from gambling, I bet you will never hate it and you will even love it. Likewise, if you can make money from trading, I believe you will have a completely different perspective on trading.
It doesn't matter whether trading and gambling are the same or not. It is important that when participating in anything we need to control ourselves, do not blame them when it is our own fault.

[arwin100]

>well am no fan of Gambling, due to my experiences in the past, I decided I would quit gambling.
But just few months after I quit Gambling a friend of mine introduces Trading. I mean I was captivated. I really wanted to make money.
I wasn't really schooled in trading but i just followed what the others did , but along the line I've just realized that it is seemingly not different from gambling considering the fact  that I've lost a lot of money.
Please, am I wrong in looking at trading this way?.

You are on a trading board, you need to know that traders will never accept that trading and gambling are the same, because if they admit trading is gambling then they are gambers. I bet no one likes being called a gambler. LOL. But to be fair, they both have similarities but that doesn't mean they are the same.

According to what you said, it's clearly your fault because you can't make money and can't control yourself, not the fault of trading or gambling. If you make money from gambling, I bet you will never hate it and you will even love it. Likewise, if you can make money from trading, I believe you will have a completely different perspective on trading.
It doesn't matter whether trading and gambling are the same or not. It is important that when participating in anything we need to control ourselves, do not blame them when it is our own fault.

Lots of different opinion will come out in to this discussion but I also think that it depends on the crypto you choose to trade since if you pick those shitcoins like meme coin or other scam technologies introduce by those criminals then we maybe can agree that its gambling since lots of people who put their money in that option is like gambling their money to see a quick big profits for those risky tokens they choose.

But if they actually go with Bitcoin maybe this is really a different story since for sure that to gamble might not exist since people use to have this for good purposes or either they use it for good transactions which give them benefits.

[Wexnident]

~

There's been a lot of instances where trading was compared to gambling and well, they seem to be similar to some aspects/degree, but they're not a complete replica of each other. At least, trading trusts in an asset, gambling on the other hand, trusts in luck. Wouldn't say belief there really, unless we're talking about sports gambling then yeah I guess but regular ol slots and dice don't really work that way.

If you were to solely look at losing money then yes they're 100% the same. I still wouldn't use gambling thinking when deciding what to invest in though since from what you said, the sole deciding factor in your comparison was losing money lol. 

[YOSHIE]

Please, am I wrong in looking at trading this way?.

Not wrong, overall many people think like OP, but as far as I know trading and gambling have their own definitions.

If I think gambling and crypto trading, exactly the same as the quote below.

Traders value knowledge and see self-improvement as the main prerequisite for success, while gamblers rely on chance and pay attention to external factors rather than individual effort.

Where trading requires knowledge. Before you start carrying out crypto trading activities, you must know the market situation and risks and the type of crypto you want to trade, This means that you have to master analysis, graphs, volume and so on, as well as the type of crypto itself so you don't get caught in a scam, while gambling is based on profit or opportunity, where you always succeed based on the experience you play, However, the type of gambling you want to play is also an important factor for success.

[dansus021]

Why I think trading is no different from Gambling! Well I will not blame you frenn Crypto is highly volatile asset I mean if people says stock market is volatile then they must look for crypto hahha.
But crypto with that high volatility is just cant be separated I mean this is just the part of crypto itself.

I would consider crypto as a gambling if the trader doesn't know with what they doing and blindly entry a trade with leverage trading and put his hard work money all in and hope it can make rich in a second.
But if you trade spot with proper knowledge I think you gonna fine