Trading is like more like gambling if...

[snowpega]

Over my many years in the crypto space, I have experienced that trading is more like gambling if one does not have sufficient knowledge about FA(fundamental analysis) and TA(technical analysis). If one doesn't know the best way of doing research, and really doesn't know how to check whether the project is good or bad, in which he is going to open trade. I really believe that if one wants to start their trading journey, then one should keep learning more and more, and the more knowledge one has learned, the less they should consider it. Knowledge is the power in the trading space because of the unpredictable behavior of the crypto market.

In trading space, if knowledge fails due to unpredictable behavior of the market, where big whales and manipulators plays thier big role to trap the traders. Besides this, FUD also plays its dangerous role to trap the traders many times, as manipulators spread FUD using rumors and wrong news on social media platforms like X, and sometimes they use big accounts to spread wrong news to trap the traders, so that investors believe the news by looking at the level of the account. Trading is not easy, in my opinion, if you are bad at research.

So, if you are the one who is a newbie or new in the crypto space, or you are following someone's shared signals and starting trading without learning or getting knowledge, then you are not doing trading; you are gambling with your funds. What do you guys think about this? CMIIW!

[Oshosondy]

Over my many years in the crypto space, I have experienced that trading is more like gambling if one does not have sufficient knowledge about FA(fundamental analysis) and TA(technical analysis).

A trader can have knowledge about technical and fundamental analyses but still be losing, the most important thing that traders does it have is patience.

If one doesn't know the best way of doing research, and really doesn't know how to check whether the project is good or bad, in which he is going to open trade. I really believe that if one wants to start their trading journey, then one should keep learning more and more, and the more knowledge one has learned, the less they should consider it. Knowledge is the power in the trading space because of the unpredictable behavior of the crypto market.

In trading space, if knowledge fails due to unpredictable behavior of the market, where big whales and manipulators plays thier big role to trap the traders. Besides this, FUD also plays its dangerous role to trap the traders many times, as manipulators spread FUD using rumors and wrong news on social media platforms like X, and sometimes they use big accounts to spread wrong news to trap the traders, so that investors believe the news by looking at the level of the account. Trading is not easy, in my opinion, if you are bad at research.

Are you discussing about buying new coins or trading?

So, if you are the one who is a newbie or new in the crypto space, or you are following someone's shared signals and starting trading without learning or getting knowledge, then you are not doing trading; you are gambling with your funds. What do you guys think about this?

You are right, but your post confuses me because I do not know if you are discussing about trading or buy of coins. Or you mean buying of coin for a short period of time? This should be in altcoins discussion board if that is what you mean, but still fall under trading discussion under altcoins.

[Wiwo]

Let me tell you the trader that is gambling or betting on the market.

When a trader enter into a trade suing the signal from influencers or telegram groups channels, without doing their own fundamental analysis of the market, what that trader is doing is betting on the market which is gambling to me.

But what you should also know is that having FA/TA knowledge alone doesn't guarantee your winning in trading so to ultimately win along the line you need to have patience, proper risks management.

[Findingnemo]

One may not possess excessive analytical skills and still can trade like not a gambler, they just need a common sense and strong with the basics of trading, which is buy low and sell high. Learning about trading skills and strategies are good and you can always watch others not to do what they are doing but to learn from their mistakes because those are the lessons that keep us from loss while learning the valuable lessons about trading.

[BitMaxz]

I focus more on technical analysis; 15% of my time is spent on fundamentals, but the majority of my analysis is technical because prices react more to support and resistance than to news.

That is why I do not trade when there are upcoming events or high-impact news because the market can change depending on the news or FUDs spreading and becoming viral.
That's why risk management too helps you avoid those mistakes and discipline filters out your bad decisions.

[GeorgeJohn]

I really believe that if one wants to start their trading journey, then one should keep learning more and more, and the more knowledge one has learned, the less they should consider it. Knowledge is the power in the trading space because of the unpredictable behavior of the crypto market.

Trading is a skill that requires knowledge and concentration, so with concentration in trading you will not excell, it's something you have to develop interest to learn, in gambling you don't need much skill to gamble but in trading attention is needed, skill is needed and is not something you make profit by luck, unlike gambling, theirs a lot of difference between gambling and trading but we compare both aa same.

[Arenga pinnata]

So, if you are the one who is a newbie or new in the crypto space, or you are following someone's shared signals and starting trading without learning or getting knowledge, then you are not doing trading; you are gambling with your funds. What do you guys think about this? CMIIW!

If someone relies on another person’s analysis, such as joining a VIP group that requires an entry fee and provides free trading signals and joins because they don’t have time to conduct their own analysis, that is equivalent to hiring someone else’s services. So if they trade by relying on signals from that group, it is still considered normal trading.
However, if that person hasn’t actually studied trading themselves and, in fact, doesn’t know or even try to learn how to analyze the market, then relying on signals from others isn’t enough to make them a good trader. And well, they’d be like a gambler who puts money into something they know absolutely nothing about, just hoping for luck.

[Floczy]

What do you guys think about this? CMIIW!

Its a good feeling to see someone who understands the argument of trading and Gambling,
If one should consider trading gambling, then it should be the trading without Good knowledge, if not that trading is nothing like gambling.

Talking about big players or manipulators in the market, I'll tell you my friend, there is a level of trading knowledge you will have, you will rather benefit from those manipulations, although not every time, but the catch is that you will be in significant profits on long term, and when I say long term I mean a week range or a month range and that is the point.

With this traders should priorities knowledge first before thinking of money, the rewards in trading comes out massive if you know very well how to trade,

-Knowledge is power...

     - Francis Bacon.

[Charles-Tim]

Trading is a skill that requires knowledge and concentration, so with concentration in trading you will not excell, it's something you have to develop interest to learn, in gambling you don't need much skill to gamble but in trading attention is needed, skill is needed and is not something you make profit by luck, unlike gambling, theirs a lot of difference between gambling and trading but we compare both aa same.

There are many traders that give trading the concentration, have more knowledge about it and also have experience more as they make money and lose money, but some people will always argue that trading and gambling are like the same because many traders are losing, while only few traders are making money. Who even knows if those that are making the money are the people with huge amount of money that they can use to stay long in the market when those with small amount of money would have been liquidated.

Its a good feeling to see someone who understands the argument of trading and Gambling,
If one should consider trading gambling, then it should be the trading without Good knowledge, if not that trading is nothing like gambling.

Yes, trading is not gambling, but it is worth mentioning that despite the knowledge that most traders have, they are still most likely to lose because of their rules which they are not following.

[Sammysmart001]

Just on point OP.👏
Personally to me trading without knowledge it gambling (verified). Generally i will say patient is the key, this because even on having a good FA/TA if in any way their is no risk management, patient and discipline the market is still going to humble you.

Market manipulation will make u feel as if trading is gambling if you don’t know how the game works. And again knowledge alone won’t save your heart, you need to learn how to control emotions also.

So to my newbies the moment you dont know how this things works and u enter trade, you are eventually gambling not trading. So the best is to learn first and foremost then u paper trade a little before you put in real funds.

Big thumbs up for bring this up, respect.
So in sum up of all Knowledge together with patience and risk control will give birth to the real edge.

[Finestream]

Anyone who is trading blindly, trading in randomness, is more likely not trading but gambling. And if you are actually a real trader, why would you rely to other people the success of your own trade by following their own trading signals? That would only make your trade prone to failure and losses, because you are not trading to succeed, but you are trading like you are relying on luck and relying to other people's success, that's what gambling is.

But if you are trading with your own knowledge, skills and enhanced strategy, and with your own market chart and price data analysis, I think you will not fail from trading because you are trading the way how successful traders are exactly doing.

[Rruchi man]

So, if you are the one who is a newbie or new in the crypto space, or you are following someone's shared signals and starting trading without learning or getting knowledge, then you are not doing trading; you are gambling with your funds. What do you guys think about this?

Trading without knowledge is simply just gambling; it is also gambling if you are trading without sufficient knowledge, that is, you know a little about trading, but you do not know enough to help you become profitable.

The real traders are making trading decisions based on analysis and some knowledge, and even if they are wrong, as they cannot always be right, as far as they made their analysis based on knowledge and not wild guesses, they are trading and not gambling.

This is why you often see people call trading gambling because it is a thin line that separates both of them, considering the uncertainty that they both have.

[Cryptohygenic]

Over my many years in the crypto space, I have experienced that trading is more like gambling if one does not have sufficient knowledge about FA(fundamental analysis) and TA(technical analysis). If one doesn't know the best way of doing research, and really doesn't know how to check whether the project is good or bad, in which he is going to open trade. I really believe that if one wants to start their trading journey, then one should keep learning more and more, and the more knowledge one has learned, the less they should consider it. Knowledge is the power in the trading space because of the unpredictable behavior of the crypto market.

When it comes to crypto, knowledge is essential at all ramifications because a twinkle of mistake can cause you damage that may  not be recovery able. That is why we always have to treat and trade it with caution.
I almost said considering the quality of the project is not much a worrying headline here as we discusses about trading but the skills of identifying that strategies to fetch you winning and the ability of good bank roll management where you don't have to trade regardless of your inexperienced while trading requires a highly technical knowledge.
However, i realized it is still necessary to consider the worth of the project because it is not all coins that are worth trading due to their potential values.

[passwordnow]

So, if you are the one who is a newbie or new in the crypto space, or you are following someone's shared signals and starting trading without learning or getting knowledge, then you are not doing trading; you are gambling with your funds. What do you guys think about this? CMIIW!

You're right, they're gambling and this is the reason why many fake trading gurus are coming out. They're showing how easy trading is even it's not. They think that someone just have to copy trade and make those money easily. That's not how trading works although props to that feature of most of the exchanges but that shouldn't be done at most times. It's best to rely on personal knowledge and experience with trading so that you're not going to blame anybody for your loss but yourself and you'll learn from it if you want to stick around longer.

[Vaculin]

Trading will definitely fall into gambling if you do not know what you are doing. Knowledge alone won't be sufficient enough, you have to practice risk management, trading psychology, and most importantly a defined trading plan and edge.

Now if you have started building your own experience, that will determine your key to succeed in the future. There's no instant with trading, like gambling does, but long term success in trading is way more valuable and profitable compared to one big win in gambling.

[masulum]

it is a bit difficult to equalize all beginner trading activity with gambling. There is a big difference between buying asset like BTC in spot market with buying new token that just appear in launchpad only because it is hype. If someone buy BTC after studying the asset, understanding the risk, and having a clear investment plan, I feel that is still far from gambling even though that person is not experienced yet. The risk will always following trader newbie or experienced, but the decision will be different, between buying BTC and memecoin, buying memecoin only because of influencer promotion, rumor, or hoping to get big profit in short time is indeed closer to speculation and luck and this can be said as a gambling. so, activity is getting close to gambling is not solely someone status as a beginner, but rather the quality of the decision taken and also the asset chosen. IMO

[Natalim]

Honestly, there's no wrong if you are open to other's trading signals, you are free to compare yours and theirs. But relying on it solely and expect to experience the same success like what they have experienced, that's very bad mindset in trading. You are only trading probably because of envy or peer pressures, and without self-knowledge, reliable skills and effective strategies, everything you do turns out gambling.

I hate to say this but most of the beginner traders practice this. That's the reason why most of them complain about consistent losses in trading, and I'm not surprised though with how they execute trading in the market.