Why I think trading is no different from Gambling!

[Adams0001]

>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 said it yourself that you were not schooled in crypto trading before you started, that is why you lost all your money. Crypto trading is hard but most newbies don't know this, they think that it's a get rich quick scheme, after they lose all their money due to lack of experience, they'll see it as the regular casino or sports bet gambling. It's true that crypto trading and gambling have similarities like not knowing what the outcome your bet or trade will be but the difference between them is that gambling depends mainly on luck while trading needs understanding how the market works. It's easier to be profitable in trading if you're a professional, you'll know how to minimize loses but in gambling, you're depending on luck to win.

In my opinion, trading and gambling are not the same thing, because in trading, if you have enough experience and knowledge, you will undoubtedly be profitable, whereas gambling is unpredictable and you can never guarantee that you will win, but in trading, if you understand the market analysis very well, your profits will be greater than your losses. What I can tell you about trading and gambling is that if you lose, you will not get your money back until you use another money to stake it. This is not the case with cryptocurrency investments, which reduce your risk.

Trading is not a simple operation, and you will not make money soon. You must be patient and attempt to grasp everything about trading before staking large sums of money on it. Anyone who enjoys trading and profiting will tell you that it is straightforward. Trading may not work for everyone, so it's important to be patient and learn the necessary processes. If you can't be patient, investing may be a better option. However, learning about trading can be enjoyable and profitable.

[SamReomo]

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

Yes, you're wrong and you came with the thought only because you lost money in both gambling and trading.

Trading is way more different than gambling and actually when you're good at it then you can make money with it but in gambling your luck works for you.

No matter how good you're still you'll end up losing money in gambling if your luck isn't in your favor.

[Questat]

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

Yes, you're wrong and you came with the thought only because you lost money in both gambling and trading.

Trading is way more different than gambling and actually when you're good at it then you can make money with it but in gambling your luck works for you.

No matter how good you're still you'll end up losing money in gambling if your luck isn't in your favor.

Losing may be both inevitable from gambling and trading, but there's higher probability to earn a decent profit from trading compared to gambling, most especially if you are good at what you're doing. Trading requires knowledge and experience, and with endless patience, if you can gain all of them, trading creates more opportunities to gain profits rather than losing your capital. But with gambling, knowledge and experience won't guarantee profitability, majority still end up losing.

[Adbitco]

There are some limitations between both but if not carefully examined you would feels they are the same, though lot of people have this feeling that both are functioning same thing but when you are advanced in trading you will understand that both aren't the same but at the basic level we can say they are the same. Let me just hit direct to a little key there, you know for terms of altcoin especially memecoin we can say is gambling since their volatility level is high we can say is gambling but in case of some reputable coin such as bitcoin ethereum or BNB that are know it's not. So to remain safe while trading you need to avoid some shitcoin called memecoin that are newly listed in the market you need not to trade although there is no assurance of it but most times there are possibility you could make it from them but the losing possibility is extremely higher than expected.

[Lanatsa]

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

Yes, you're wrong and you came with the thought only because you lost money in both gambling and trading.

Trading is way more different than gambling and actually when you're good at it then you can make money with it but in gambling your luck works for you.

No matter how good you're still you'll end up losing money in gambling if your luck isn't in your favor.

Losing may be both inevitable from gambling and trading, but there's higher probability to earn a decent profit from trading compared to gambling, most especially if you are good at what you're doing. Trading requires knowledge and experience, and with endless patience, if you can gain all of them, trading creates more opportunities to gain profits rather than losing your capital. But with gambling, knowledge and experience won't guarantee profitability, majority still end up losing.

Trading could really be that risky but its not something that you would really be that be able to make it to be in comparison with gambling literally. Trading could really be that called to be a gambling on the time or moment that it would really be something that having no analysis that been applied or you are really that making up some trading positions which you arent that making applying some analysis.

Trading is risky but the risks is something which is lesser than with gambling. This is why in speaking about chances on making money then trading is something that better and something that you could
really be able to deal up with. Gambling is really just that for fun and if you do try it to compare about doing gambling then it would really be that an another story.

It all matters on how you would really be that making yourself that be engaging with these things on which there are people who are really that making out some trading
but without having any risks factor or management on which they are really that making trades without any basis on which this one could really be that pertained on having
that gambling type like kind of trading on which this one isnt really that recommendable.

[Antotena]

>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 didn't tell us the type of trading you were engaged into during that process, is it spot trading, future trading, option trading or margin trading? Each of them are not the same but I do tell people to make emphasis on future trading. It's one of the closest similarities with gambling, you are betting a contract against another person during the trading and if your condition isn't fulfilled, you will lose everything you have.

However, trading with spot trading and margin, you will make money if you are patient and nothing like gambling but when you used margin trading without understanding it, you are likely to loss your money because you are broorwing money with promise to repay back (margin) but if your trade doesn't get fix, everything will be loss.

[Silberman]

>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?.

In your own words you were doing what other people were doing, and if that is the case then you were indeed gambling, we must remember that only a minority of traders earn any money, the majority not only lose it but they lose it all, so you took the wrong approach when it comes to trading, as following the majority is just a way to become poorer, and if you want to make any money then you have no other option but to study as much as you can and create your own path.

[mirakal]

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

Yes, you're wrong and you came with the thought only because you lost money in both gambling and trading.

Trading is way more different than gambling and actually when you're good at it then you can make money with it but in gambling your luck works for you.

No matter how good you're still you'll end up losing money in gambling if your luck isn't in your favor.

Precisely my point. While trading and gambling both involved risks and chances of losing, but the fact remains that you will only lose in trading if you start to trade unprepared and incapable enough. That's how newbies are doing these days, they rush to trading and suffer huge losses at the end of the day. However, with gambling, skilled or not, experienced or amateurs, all are at risk of losing simply because to gamble is to lose until you used up all your funds because of no discipline when gambling.

[Marvell1]

...

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.

We are talking about trading, not investing, forex trading is also considered trading and in forex trading there are no junk trading pairs as you said.

Honestly, if we talk about investing, there is a huge difference between bitcoin and altcoins, and I often consider investing in altcoins like gambling because the risks are too great. But when it comes to trading, I see no difference between bitcoin pairs and altcoin pairs, we all just use them to make short-term profits.
Like you said, there are so many different opinions that in the end I think it's just a name. If gambling can bring me regular profits then I will also gamble. Just remember as long as we achieve our goals, it doesn't matter what they are as long as they are not illegal and harmful to others.

[Mr.sprin]

Precisely my point. While trading and gambling both involved risks and chances of losing, but the fact remains that you will only lose in trading if you start to trade unprepared and incapable enough. That's how newbies are doing these days, they rush to trading and suffer huge losses at the end of the day. However, with gambling, skilled or not, experienced or amateurs, all are at risk of losing simply because to gamble is to lose until you used up all your funds because of no discipline when gambling.

That's right, bro, I agree with what you said, when we start trading we have to first understand how it works and the system, don't let us take the wrong steps and cause us to fall into losses because we are too hasty to make a profit, there is a process for everything. - respectively, trading produces profits for us when we are skilled at running it, but we will also lose when we take the wrong steps in trading, different from gambling, gambling is definitely a loss if luck is not with us, many people gamble but They won't necessarily make a profit every time they gamble, the profits they get are smaller than the losses they receive, they lose more if they actually record their expenses and income, so both are equally profitable if we can take lucky steps.

[Pandu Geddon]

so both are equally profitable if we can take lucky steps.

the profit of trading are not obtained from luck. if you still think you are lucky enough in the trades you make, it means you do not understand how to trade properly.
if you trade without knowledge, it does seem like gambling. but that is not real trading. we can see questions like this arise from a beginner whether it is a beginner in trading or gambling. if they are more experienced they may not consider the two the same thing.

[stomachgrowls]

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

Yes, you're wrong and you came with the thought only because you lost money in both gambling and trading.

Trading is way more different than gambling and actually when you're good at it then you can make money with it but in gambling your luck works for you.

No matter how good you're still you'll end up losing money in gambling if your luck isn't in your favor.

Precisely my point. While trading and gambling both involved risks and chances of losing, but the fact remains that you will only lose in trading if you start to trade unprepared and incapable enough. That's how newbies are doing these days, they rush to trading and suffer huge losses at the end of the day. However, with gambling, skilled or not, experienced or amateurs, all are at risk of losing simply because to gamble is to lose until you used up all your funds because of no discipline when gambling.

On the time that you do make trading without any analysis that gets involved or you havent been able to make yourself make use of those strategies then you are really just that simply doing gambling.
It would really be needing up that different approach when it comes to this on which we know that when it comes into this aspect then it would really be something that will really be needing up
for you to consider out to do make those analysis to have that kind of advantage in compared into those things which we know that it is really just that good for the sake of fun.
Just like  the rest been saying above that there would really be that significant difference among the two in speaking to this on where you could really be able to make yourself having
that advantage on trading on whereas in gambling then its just really that for the sake of pure entertainment.

[Viscore]

Trading is no different from gambling if you look at a newbie's perspective. But if you look at a professional trader's point of view, you will know that there's more to trading than gambling. While both can be prone of losing most especially for beginners, but with skills and good strategies applied in trading, there is higher rate of success and earning decent profits compared to gambling alone where everything relies on luck and chances.

[promise444c5]

I don't know maybe you did heard it from somewhere because i know the saying is very rampant these days as most newbies think it's just placing of buy and sell, then you have your profit  funny huh but trading is risky and very risky if you don't know how manage and leverage... It isn't an easy journey actually, mastering TA is good but still little to want you need, you need to be able to think beyond the market all the time,combining TA and FA  not easy but with time you will start getting used to it  and by the time you know it  you will become a pro in it but remember it isn't a easy journey, those you see claiming it's a form gamble were also a victim 

[Farma]

Trading is no different from gambling if you look at a newbie's perspective. But if you look at a professional trader's point of view, you will know that there's more to trading than gambling. While both can be prone of losing most especially for beginners, but with skills and good strategies applied in trading, there is higher rate of success and earning decent profits compared to gambling alone where everything relies on luck and chances.

If a beginner decides to trade without having a good understanding of trading, of course only luck can benefit them, then this will certainly be like gambling, but when someone has a good understanding of this, of course there will be many things they consider before deciding to enter the market and will also do an analysis first when they want to trade and this is not done by those who are new to trading so it will be difficult for them to make a profit on the trade they do, therefore it would be better to first learn about trading and after having the skills then we will also be able to trade well and also be able to make a profit based on the skills and knowledge that we already have because if we only rely on luck in trading, of course there will be many losses that we will get.

[Xcode7]

Trading is no different from gambling if you look at a newbie's perspective. But if you look at a professional trader's point of view, you will know that there's more to trading than gambling. While both can be prone of losing most especially for beginners, but with skills and good strategies applied in trading, there is higher rate of success and earning decent profits compared to gambling alone where everything relies on luck and chances.

If a beginner decides to trade without having a good understanding of trading, of course only luck can benefit them, then this will certainly be like gambling, but when someone has a good understanding of this, of course there will be many things they consider before deciding to enter the market and will also do an analysis first when they want to trade and this is not done by those who are new to trading so it will be difficult for them to make a profit on the trade they do, therefore it would be better to first learn about trading and after having the skills then we will also be able to trade well and also be able to make a profit based on the skills and knowledge that we already have because if we only rely on luck in trading, of course there will be many losses that we will get.

It is clearly very different between gambling and trading, in trading we do not only rely on luck but there are many techniques that we can learn to avoid losses while in gambling there are not many choices other than winning or losing. Many beginners in trading just follow along because they are fomo and expect big profits, it will be a loss for themselves but they also have an impact from the loss, namely being able to get useful trading knowledge for trading that will be done in the future and that is not obtained if gambling.

[Fara Chan]

It is clearly very different between gambling and trading, in trading we do not only rely on luck but there are many techniques that we can learn to avoid losses while in gambling there are not many choices other than winning or losing. Many beginners in trading just follow along because they are fomo and expect big profits, it will be a loss for themselves but they also have an impact from the loss, namely being able to get useful trading knowledge for trading that will be done in the future and that is not obtained if gambling.

The two things are clearly different and I think everyone will also realize it over time even though they are beginners in trading and also beginners in gambling, because besides there are many exchanges and casinos at this time, they themselves also see how it works themselves so that the level of loss and losing from the two things can also be a comparison where the two things are very different things. And in the end everyone will also look for ways to trade so that they do not always lose in the market and will not care so much about gambling because there they only hope for luck.

[rhodelmabanal]

>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 there is a similarity but not totally the same trading is different from gambling trading depends on you while gambling depends on your luck, we cannot really make a gambling a habit because it can ruin your peaceful life, while in trading if you do it perfectly you will surely earn, you can only loss in trading due to some kind of uncontrolled emotion and greediness, while in gambling you can loss a lot if you are not lucky.

[MissNonFall9]

If trading is not closely monitored or analyzed it must look like gambling. But in my opinion or my analysis, I don't consider trading as gambling. The reason I am mentioning here is that trading requires proper knowledge skill and analysis which is not so much in gambling. Many people have to go through a lot of time to become successful in trading.

[Z_MBFM]

>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?.

I think your thinking is wrong. If you are spot trading it will never amount to gambling. Because in gambling when you stake any amount you either lose there or get your money back according to the odds. But in spot trading, you will never lose your money completely, but if you buy potential coins, if the price of the coins falls after buying them, then you will get a chance to hold them and recover the price and sell them at a profit. But if you want to do future or margin trading then it will behave like gambling because here you can lose your money completely like gambling which will have no chance of recovery as in case of gambling.