Is Trading Just Gambling in a Suit?

[TopT3ns]

what do u all think?

Yes, gambling in a suit is a good analogy for daily and crypto trading. The market is unpredictable, analysis don't work and unless you have access to inside information, you can't rely on trading as a source of income. There is no way to know if in the end of the day Bitcoin will be cheaper or more expensive, neither altcoins. Therefore, you are making predictions based on luck and randomness, exactly like in gambling.

An investment in crypto to not be considered gambling has to be made aiming long term returns, what excludes the idea of trading. In crypto market, trading is another concept of 'get rich quickly' embraced by greedy adopters who want to turn their pocket money into fortune overnight.

Fast trading as a gambling game works absolutely well under the condition that it is entirely based on luck without an established foundation. This uncertainty of prices worries a lot of people since the ultimate result can hardly be ascertained despite the numerous methods of computation. The fact is that the only difference is in the long-term goals so this activity will not be reduced to a simple way to get money quickly. To prevent the urge to get rich within a short period of time, avoiding greed will be helpful in keeping a calm mind.

[shawonngp]

There is definitely a difference between trading and gambling, those who are real traders must understand where there is a difference between gambling and trading, those who have no research about trading, only they treat trading as gambling, in gambling your win depends on luck especially in casino, there is no research work, but in sports betting you must research, here research is more important then luck. But many consider gambling and trading to be the same because of their lack of knowledge. Gambling is much riskier than trading, considering the risk involved.

[fredericktaylor]

There are several differences between trading and gambling that you need to understand well. By trading, you need to gain the right knowledge and have the right idea about the volatility of the market and enter the market at the right time with patience and control your greed and exit the market. By trading, your knowledge, strategy, patience can bring you success. But in gambling, no matter how much we research or bet using strategies, we cannot be confirm about the results, because the results of gambling are completely unpredictable, if our luck is good, then we can win through gambling, otherwise it is not possible. However, the main purpose of trading and gambling is to earn money quickly, in this respect they are quite similar.

[noorman0]

This has been discussed dozens of times, and the definitive answer depends solely on one's perspective. After all, we also have several types of trades based on execution timeframes, funding, or even pair categories, and perhaps what's meant by op is trading in a different light.

[Dr.Bitcoin_Strange]

The problem starts when people treat trading like gambling. They overleverage ignore stop losses and make emotional decisions. At that point trading stops being investing and becomes gambling with better graphics.

This facts is where I always like to based my argument when discussing this kind of topic with someone telling me that trading is just gambling in disguise, trading doesn't have house edge like gambling does, in trading you have the choice to use leverage or not use it and if you decide to use a high leverage like 20x to 100x, it means you are the one that have subject your self to gambling because even the best traders would not use a very high leverage like that because they know it risky like that.

[Rabata]

So few days ago i went to my father’s office with him. While i was there one of his assistant asked me about trading and i gave some answers. Then one of his colleague in the office said “Trading is basically gambling people just call it something else these days.” That made me think. I gave them answer at the time but later i did some research on what really makes trading different from gambling.

Trading is gambling who do not know about trading. They think that luck works in gambling as well as in trading but there is a big difference. Trading requires knowledge about trading and the scope of this knowledge is definitely very wide. Anyone can trade if they want to but the preparation that works after acquiring proper knowledge is not possible. In gambling, an ignorant person is not able to do it especially if he does sports betting or casino gambling, he has to acquire a little knowledge. Those who do not have a good understanding of gambling and trading can make any comments that will not be effective. But the reality is completely different. The truth is that when someone trades after gaining knowledge, it is called trading, but when someone trades without knowledge, it is called gambling.

[Hardyrobust]

There is no way you can control risk in trading like wise gambling. Gambling and trading is almost the same thing in the sense that they are both based on luck . There is high risk involved in trading like wise gambling. Those that are trading bitcoin are simply gambling with it . Although gambling and trading may have so many differences but they also have lots of similarities.

[Localhostspeed]

Trading has a connection with gambling because of the uncertainty involved, but it is wrong to view trading as gambling entirely. In trading, we have more complex variables, unlike in gambling, where there is no in-depth analysis. Same concept, capitalization tug of war, but different in practice.

One thing connect gambling and trading and that's because both involved risk. You are risking an amount to get another profit but you see trading advantage, you can walk out of a trade if you don't fee comfortable, you can walk out a trade if the trading isn't longer going as you expected. Now, turn the table to gambling as and see if you can do the same. To can't close gambling while in the process because you have loss what you used to gamble.

Gambling has a way it can make you becomes nothing while doing it and watching it but trading can't do such, you can open a trade, watch it and observe how it goes and still quit it as you like and I'm sure you wouldn't lose anything. The only way you can take money out of gambling is if that event has not start, this is bet I'm talking in particular, you can get back your money if gambling hasn't started and also limited, not all gambling platforms allow such.

[Hatchy]

Hello Reader . I hope u are doing well.

Like I've said several times, you can be a trader but still gamble on the market. It's very simple cause when you trade you have to think smart and don't just move because you feel like losses are normal. You must apply good risk management and keep your psychology at the utmost level. The main reason people still see trading a gambling is because they lack knowledge of what trading is. If we simply say because there's risk in trading that makes it gambling, it simply implies that everything in life is gambling cause we take risk everyday of our life for survival. But gambling it self has no calculated risk but simply luck based, so it's better to be smart..

[Akbarkoe]

I often contribute to topics like this because some people might not want to open a bunch of threads, so they create a new thread even though the question is the same, just with a different chronology. LOL

Basically, trading and gambling are different; the definition alone differentiates them. Trading, where you buy and sell, is that simple. But sometimes people confuse this because there's a price chart that serves as a platform for gambling, and we simply choose whether to trade up or down. What we usually call binary options is a form of gambling that relies on the price movement of a commodity/assets.

[Adams0001]

You are right, because one can't compare the two to be a same thing, so people shouldn't treat them as though they are the same thing. Though, the risk are the same but the mindset differ them, because one is for paycheck while the other is just fun, which we all know that gambling is designed to be for fun and not a paycheck and treating gambling to be a paycheck is a very risky decision that will ruined their lives and their future, expect they do the needful.

The reason why some people think trading and gambling are the same is because both are risk and if you didn't careful you will lose everything you have in just a minute, but if you have study about trading very well and start to understand things better you will notice that trading is fa different from gambling. In gambling anyone can just stay to stake games and win in that moment just a prediction and if you're someone that have luck you will surly achieve your easily.

But trading you can't just start to learn today or stale you will be profitable. You need to and no that you can lose any moment and if you're not patient you will lose in trading very well then gambling. So we need to be careful when taking decisions. If you can't risk don't near both because that will make you lose lt and put you in a serious moment sometimes.

[Findingnemo]

I often contribute to topics like this because some people might not want to open a bunch of threads, so they create a new thread even though the question is the same, just with a different chronology. LOL

Basically, trading and gambling are different; the definition alone differentiates them. Trading, where you buy and sell, is that simple. But sometimes people confuse this because there's a price chart that serves as a platform for gambling, and we simply choose whether to trade up or down. What we usually call binary options is a form of gambling that relies on the price movement of a commodity/assets.

It is not a wonder because that is how 90% of the people who claim themselves to be a trader are trading, just buy or sell button on randomly by looking at the price chart without having any logical reason to do that. But it could make them money too if they are lucky which is exactly why they think trading is gambling. But I doubt anyone will consider gambling as a trading right? That just proves both are not really the same.

[leonair]

If you are referring to gambling especially casino games, it is of course quite different with trading but trading can be "a bit similar" to sports betting or poker where it requires skills, analysis, risk management and some other things. In sports betting you can also control the risk unlike in casino games. On the other side, trading can be a gambling for some people especially those who do trade just based on feeling or intuition or do trade blindly wishing for the luck/miracle.

There are many risks in trading, but trading can never be compared to gambling. Gambling is a matter of luck and if you lose your bet, you will lose your money, but if you lose in trading, it will be a partial loss. However, when someone trades with high leverage, it will be very similar to gambling. Because here a trader can lose all his money at any time if he makes a wrong trade. So some parts of trading can be compared to gambling. But gambling and trading are completely different concepts.

[Queen uloma]

Trading is not gambling and they are two different things, we should not mix them for something that is the same, when you look beyond just what they have in common, that there are more other distinctive difference that makes them not to appear the same, only that we take risk in each of them, but they are two different things we do entirely, we trade to earn income and gamble to have fun.

Gambling and trading are two different things but the both involves risk, without proper knowledge or discipline, trading can turn into gambling. Anyone that is into trading uses analysis, strategy and patience to make good profit. A good Trader knows how to manage risks, they don’t go into trading without a plan. While gambling on the other hand. depends more on luck, no one has control or predict if they will win or not. Trading can be seen as business but it depends on how you operate it. So, trading and gambling are two different things, they ain’t the same at all, even if the both involve risk.

[Lida93]

Regardless of how anyone may wanna place them it still doesn't make them to be the same thing. For the common fact that some normies decides to trade without trading skills and knowledge but based on his emotions, such individual may be said to be gambling in trading but it doesn't make trading to be gamble. There are rules to trading and which are quite different from that of gambling. But just for the risk aspect that both subject Intrinsically carry it has made a comparison of a similarity of both a never finishing debate.

[Hazink]

This has been discussed dozens of times, and the definitive answer depends solely on one's perspective. After all, we also have several types of trades based on execution timeframes, funding, or even pair categories, and perhaps what's meant by op is trading in a different light.

The definition is really based on the person's understanding and view of the subject matter. If you ask 10 people what's gambling what's trading in detail, they could share their features and what makes which one what it is, and you will be able to pick out some similarities, just as I believe both should not be compared or rated to be same that's how some see both risk taking activities to fall under gambling.

[Stalker22]

While you claim that trading is about control, the reality is that you have no control at all.  You do not control the market, you do not control the ripple effects of global events on the economy, and you certainly do not have any control over the "whales", or those who have the ability to manipulate price through their single (large) buy/sell orders.

No matter how much you "plan" and "analyse", the moment a market moving headline crosses your screen everything you thought you had planned out is thrown out the window and you are now sitting in the exact same situation as a gambler who is sitting on a "bad hand" and hoping for a miracle when the cards are dealt!

[GiftedMAN]

If you are referring to gambling especially casino games, it is of course quite different with trading but trading can be "a bit similar" to sports betting or poker where it requires skills, analysis, risk management and some other things. In sports betting you can also control the risk unlike in casino games. On the other side, trading can be a gambling for some people especially those who do trade just based on feeling or intuition or do trade blindly wishing for the luck/miracle.

They're both similar but the difference is in how they are applied. they're similar in the sense that people who participate in them have to depend on luck/chances but the difference is that one requires reading chart and carrying out analysis to speculate the market while the other requires guessing the outcome of an event that are yet to take place.

[Sandra_hakeem]

Here we go again. Another shit load of attention-seeking thread that has been discussed a thousand times. How do you even come up with topics like this? Do you lack an understanding of how these two work, or do you just want to be part of the crowd raising a big discussion in this section?

It's different in ways but has similarities. For me, it's always going to be

Code:

Trading ≠ Gambling

Gambling has never been, and will never be equals to trading. I don't even think there are much similarities like the rest of the people say.

[rachael9385]

You said it all, the difference between trading and gambling is that you can control the risks in trading and the informations that you get about the market, the analysis you carry out can give you a chance of making profit but gambling is totally based on luck and zero logic. Even though both involves taking risks and predicting the outcome of something trading is more profitable in the long run when you understand the dynamics of the market.