Is Trading Just Gambling in a Suit?

[Loyang]

If there is a similarity between trading and gambling that similarity exists between trading and sports gambling, they both require a certain level of analysis, skills and patience, profits are guaranteed and you can still lose it you are not careful enough of lucky enough, people who say luck has no place in trading are very wrong, luck is very much a part of trading, your analytical skills are essential but if you are not lucky you will still not get any profit from trading.

Trading and gambling has similarity sure but trading doesn’t work much on luck to be honest, in trading luck can be a little percentage of success but the moment a trader acquire the knowledge needed, the experience needed and proper strategies needed then such trader doesn’t need any luck at all to make profitable trades. The higher our knowledge and understanding the chances of us hitting high level of success and we won’t have to rely on luck at all.
But in gambling even with our little knowledge luck plays a big role to our success.  Luck is the strong pillar in gambling.  

Yes, if you do have that experience on doing trading and gambling then it would be that too impossible  that you cant be able to determine on what are their differences on which it is that pretty obvious. Trading would become only gambling on the moment that you would be doing trades without any basis or analysis on which it would be that significant or totally important when dealing up with trading. For  those who had been saying about trading is similar to gambling is into those people who are doing that futures trading on which i would definitely say that this is where it is that most likely the same on which the risks involved is really high and easily burst up your entire trading capital if you wont really be that careful when using up high leverage trades. In overall answer in regarding about trading is equal to gambling on which it isnt true. It all matters on how you do make up those actions and preparations on doing trades on which it would be having no sense that you would really be doing trading acting that you are just gambling.

Yes I agree with you. Nowadays we are attracted towards trading after seeing many fraudulent campaigns and we get involved in gambling in the name of trading. Many people do not understand trading properly and cannot control themselves, but sometimes luck wins because of this, they are never trading but are involved in gambling. So we need to know and understand properly what we need to do trading and how much time we need to spend learning trading.

Another thing is that if we cannot control ourselves while trading, then trading will turn into gambling. No matter how good a trader a person is, if he does not learn to stop at the right time, he will definitely face losses. So it is very important for us to control ourselves and take steps on these issues.

[Rockstarguy]

So in my opinion the biggest difference is control. In trading u can control your risk. In gambling most of the time u are only controlling how fast you lose.

what do u all think?

Take care of urself , love urself and stay blessed.

Normally, trading and gambling are two different things, but there are people who have chosen to approach trading just like gambling, and there are people who have chosen to understand trading just like gambling, perhaps because of the understanding they have.

People just jump into trading without understanding it, and trading like this without understanding means one is trading with a gambling mindset. I don't blame people who think trading is gambling because this reflects their level of understanding.

[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.

This basically differentiate between spot and future trading. But from your explanation, can we call future trading a gambling while separating spot trading as real trading? Although, like you said binary option is purely a gambling platform that works on the price movement of a coin/currency.

For me this can be said yes and no, futures trading is contract trading by using loan contracts to multiply your trading position, this can be said to set your own odds to reach your target at a certain price from your analysis, this is vaguely like gambling, but many also deny it, because it is based on other elements which cannot be said to be gambling.
 
But all trading can be gambling if you just rely on hope even if you do it in spot trading, like you buy a coin and hope that tomorrow you can get rich with it or get a big increase, this is a form of indirect gambling.

[nelson4lov]

I've had this conversation dozens of times with people and the difference is usually very clear.

• Gambling: For gambling, edge is primarily own by the house so unless you're extremely lucky and skilled, your chances of winning are near zero. Bookies have edge too in sportsbook via vig and other means.
• Trading: Edge can come from many places. You can have edge just by being quick to follow new significant information or by properly managing your risks. Even just fixing your psychology about trading unlocks a huge edge.

Gambling depends heavily on luck. There's a popular saying in the trading community that once majority of traders especially those that have the power to move prices believe a price or level is significant, it usually becomes a self fulfilling prophecy. Unlike in gambling that even though majority people think team A will win, team B might win it even with a win chance of 2%.

[Achalugo BTC]

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.

You are actually right, which they are to be careful to understand the magnitude between these and know how to navigate their ways out of it, because any wrong move they take can destroy their plans and their lives, which they might applying the right strategy to the wrong one,and this can cause them to have more losses, which can put them in a difficult position, that they might find it hard to escape from it. That is why whatever thing they are doing that concerns or involves money should be handled carefully to prevent say Had I Know.

[Exitoral]

On my own personal opinion, trading is not gambling. A good trader has patience,  risk management, a good psychology compared to a gambler. A good trader has a well detailed plan on how he is going to make money through trading. A gambler just plays based on luck with no plan or strategy. Trading becomes gambling when the rules you set for yourself, you don't follow them and apply them to your trading. Another thing I want to point out,  trading is a skill but if not done right can quickly turn into gambling.

[Victorybit1]

On my own personal opinion, trading is not gambling. A good trader has patience,  risk management, a good psychology compared to a gambler. A good trader has a well detailed plan on how he is going to make money through trading. A gambler just plays based on luck with no plan or strategy. Trading becomes gambling when the rules you set for yourself, you don't follow them and apply them to your trading. Another thing I want to point out,  trading is a skill but if not done right can quickly turn into gambling.

Lol 😆 everyone is on their own opinion so I won't say otherwise but a great deal of person would even argue that trading is just another advanced way of gambling and if you are not careful it can even lead to more problems if you get too carried away with the act. The two are having the same sequence since it's always looking too easy to win something off trading but in the end it's never so.

[AmoreJaz]

On my own personal opinion, trading is not gambling. A good trader has patience,  risk management, a good psychology compared to a gambler. A good trader has a well detailed plan on how he is going to make money through trading. A gambler just plays based on luck with no plan or strategy. Trading becomes gambling when the rules you set for yourself, you don't follow them and apply them to your trading. Another thing I want to point out,  trading is a skill but if not done right can quickly turn into gambling.

Somehow they have similarities but for me, the more you know about trading, the better is your chance to gain profit. But for most gambling games, despite of knowing that game by heart, still your chance is the same because it is based on luck. Whereas in trading, you still need the luck but if you have good grasp of it, especially on the coins you are dealing with, the better is your chance to get profit.

[bhadz]

Lol 😆 everyone is on their own opinion so I won't say otherwise but a great deal of person would even argue that trading is just another advanced way of gambling and if you are not careful it can even lead to more problems if you get too carried away with the act. The two are having the same sequence since it's always looking too easy to win something off trading but in the end it's never so.

Well, the same justification and belief of everyone that trading is just another form of gambling but on a different level. The discussions will rotate on that with the risk that they're taking. And so if they're going to make trading look like or an actual gamble, then it's with the futures trading. That is the real trading and there's huge difference of spot trading than it. Wherein, we can call traders there the same as gamblers and they won't complain because they know the truth and they're not going to argue with it if they're called the same.

[Orpichukwu]

Somehow they have similarities but for me, the more you know about trading, the better is your chance to gain profit. But for most gambling games, despite of knowing that game by heart, still your chance is the same because it is based on luck. Whereas in trading, you still need the luck but if you have good grasp of it, especially on the coins you are dealing with, the better is your chance to get profit.

One thing I could just say for sure about gambling and trading is that with experience you could be making profit in the long run, while with the other you can just trade yourself to reduce the expectation you have in winning, which will help you take less risk, but you can't always guarantee your winning, and profit in the long run seems impossible. Gambling is the second one, while trading appears to be the first. Both are high-risk activities which need focus.

[Russlenat]

Somehow they have similarities but for me, the more you know about trading, the better is your chance to gain profit. But for most gambling games, despite of knowing that game by heart, still your chance is the same because it is based on luck. Whereas in trading, you still need the luck but if you have good grasp of it, especially on the coins you are dealing with, the better is your chance to get profit.

One thing I could just say for sure about gambling and trading is that with experience you could be making profit in the long run, while with the other you can just trade yourself to reduce the expectation you have in winning, which will help you take less risk, but you can't always guarantee your winning, and profit in the long run seems impossible. Gambling is the second one, while trading appears to be the first. Both are high-risk activities which need focus.

With gambling, well experienced or beginners, if you are not lucky, winning is impossible. Gambling is purely luck-based, your winning chances highly relies on how much luck you have. But its a different case with trading, luck alone will not lead you making profits, its more than that. You need to be knowledgeable and logical as you can, skillful and strategic, you need to possess emotional discipline, strict risk management and high adaptability to market volatility and changes. If you lack them, trading will not be successful and profitable like you expected it to be.

[SPIDERMAN008]

OP I didn't clearly understand you are talking about what kind of trading. If you are trading in altcoins, then in some cases it is like gambling and leaving it to luck. Sometimes the chances of losing are high.

After the launch of many new projects, hype is created, the price starts to rise. Although many people profit in the beginning, the number of people who lose with big amount . These fraudulent tokens are worse than gambling.

I think it is better to gamble within limits for entertainment purposes. I don't think there is a need to take risks while trading to get rich in a short time.

[fruktik]

I've often read information that associates trading with casino games and gambling. Sometimes I even have this thought myself.

After all, there are people who seriously engage in analytical work related to sports betting. How is this different from speculative trading, where the same processes occur? So, it was perfectly natural to come to this conclusion.

[SquallLeonhart]

Anything that involves finances and is done without proper knowledge can be considered gambling, be it trading, another investment, a business, or anything else that can potentially make you money, because if you don't have knowledge, you are basically putting in your money and hoping that you will make profits, so you are basically relying on your luck and not your knowledge or skills, and that is what we do with gambling, we don't need knowledge in it, we only need money and luck to actually be able to win money in gambling.

When it comes to trading, if you are doing it without any knowledge and hoping to make money, you are delusional, and you are gambling with your money, but if you learn everything beforehand, you understand the market, trading practices, and risk-management techniques, then trading won't be like gambling for you. There are so many people who are making money from trading, some are even earning a living through it, and that's because they are knowledgeable and experienced, and with all that, trading can actually turn out to be a good thing for you.

[Frankolala]

I've often read information that associates trading with casino games and gambling. Sometimes I even have this thought myself.

After all, there are people who seriously engage in analytical work related to sports betting. How is this different from speculative trading, where the same processes occur? So, it was perfectly natural to come to this conclusion.

I agree with you that the same fate catches up with a trader and a gambler therefore, they can be considered as the same. Gambling is publicly knows as an activity that takes more from you than what it gives to you but trading isn't really pronounced to the public that most traders run at loss because even when traders are not making profits, they see want to kill themselves on trading.

[AuchanX]

Trading cannot be called gambling completely, although in some cases many people compare trading to gambling. The real reason for this is that while trading, excessive trading and repeated risk taking without understanding and research often leads to losses. That is why many people (even me) compare trading to gambling. In reality, there is a lot of difference between gambling and trading. Gambling is actually completely based on luck. Most of the time, people lose money while gambling. Although I have heard many people win in gambling, but when they play again with the aim of winning more, they lose that money. Trading is a little different because here beginners lose more, but I am not saying that experienced people do not lose. But those who do trading actually do not want to tell anyone about their losses, even though they share their successes.

[impulse709]

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.

You are actually right, which they are to be careful to understand the magnitude between these and know how to navigate their ways out of it, because any wrong move they take can destroy their plans and their lives, which they might applying the right strategy to the wrong one,and this can cause them to have more losses, which can put them in a difficult position, that they might find it hard to escape from it. That is why whatever thing they are doing that concerns or involves money should be handled carefully to prevent say Had I Know.

It's common to hear trading compared to gambling due to the involvement of risks. but the trading mindset shouldn't be the same as the gambling mindset. Gambling is often more dependent on luck and short term luck. but trading should be done with knowledge, patience. planning and risk management. An ignorant trader is truly gambling. but a trader with a strategy is making informed decisions not speculation. The risk is when people gamble with trading seeking quick gains. In both scenarios poor judgement and emotions can cause quick financial loss.

[junder]

Normally, trading and gambling are two different things, but there are people who have chosen to approach trading just like gambling, and there are people who have chosen to understand trading just like gambling, perhaps because of the understanding they have.

People just jump into trading without understanding it, and trading like this without understanding means one is trading with a gambling mindset. I don't blame people who think trading is gambling because this reflects their level of understanding.

Trading and gambling can be said to be the same, but this may apply to those who trade without a proper understanding or without the necessary knowledge and strategy thus relying entirely on luck just like gambling. However, gambling and trading do share similarities as well as differences. The similarity lies in the potential for loss, while the difference lies in the basis for decision-making trading should be conducted based on analysis of obtained information, whereas gambling does not. Although there are types of gambling that are nearly identical, the precise definitions remain distinct.

[Achalugo BTC]

It's common to hear trading compared to gambling due to the involvement of risks. but the trading mindset shouldn't be the same as the gambling mindset. Gambling is often more dependent on luck and short term luck. but trading should be done with knowledge, patience. planning and risk management. An ignorant trader is truly gambling. but a trader with a strategy is making informed decisions not speculation. The risk is when people gamble with trading seeking quick gains. In both scenarios poor judgement and emotions can cause quick financial loss.

That is why its essential for people to understand the basic knowledge of trading and understanding, which will give them more clear information that will help and guide them in doing the right thing and this can also help to keep their mindset on the right path, which they can be able to decide if they are going for gambling or trading or the both, which they can use the information they got to be able to navigate their way.

[drangos]

I don’t really have much to say on this, because there are a lot of arguments out there already. some people say trading is gambling, others say it’s not.
But for me, I’ve seen and heard of people making money from trading consistently, and I’ve also heard same for gambling. Even though gambling seems to be pure luck. So honestly, I can’t really say for sure.

The same is in trading, you need to predict the future in trading just like you need to predict the future in gambling. Both activities rely on predicting the future and both activities can be greatly manipulated by insiders, like the last example where a special forces soldier was arrested because he had insider info and won over 400.000 dollars in trading because of that. In soccer which falls in gambling let me remind once again despite old news now the fact that Sweden vs Denmark ending 2-2 in a draw to let Italy out of Euro 2004 was also known by many and a lot of people made a lot of money on that exact result 2-2 for that game. As you can see both activities also contain high risk so I would definitely say that there is not any difference at all between gambling and trading, for me they are the same.

I agree. but to say that trading is the same as gambling is a bit different. They both have risk and randomness, but trading includes planning strategies. analysing and managing risks to gain an advantage over time. Gambling. particularly games of chance, typically involves more luck and given odds. Cheating examples don’t represent either. as they involve cheating. Trading is more skill and probability based gambling is more luck-based even if it might appear that some people win or lose in the long run.