Trading is like more like gambling if...

[ASloveapg]

Trading is more like gambling if you are trading blindly. And even if you trade with basic knowledge, but the fact that you are still imitating others and rely on their shared signals, that's already contributing to gambling.

No good and reliable trader get to trade cluelessly and still confident that if they copy those experienced traders, they will also gained the success that they have achieved. Trading is a matter of responsibility and accountability. You trade on your own and make use of it as your own asset, not like you trade just to copy what others are doing. That's still gambling.

Trading and gambling are not the same. They are two different strategies. However, if someone invests money in the future according to other people's signals or suggestions without any idea about the market, then his decision is almost like gambling. Here the person does not know how much risk the strategy he has adopted is. One can learn from an experienced trader or observe his analysis, but he should not be imitated or followed to make decisions because his ability or financial situation will never match his. And this can cause problems when someone follows others without checking his own ability and without taking any risk. No matter how skilled a trader is, he should not be imitated and it should be remembered that just because he is skilled, there is no guarantee that he will win in the long run. Therefore, he should not depend on luck and make decisions using his own judgment, otherwise it is like gambling.

[Wind_FURY]

We can say that both are different, but there is only a thin line between them. In gambling, the risk involved is very high. Nothing is in your control; everything depends on luck. In trading, however, market analysis can help you choose the right coin at the right time, increasing your chances of making a profit.

OK, then in your own personal experience, did it help you make a lot of profit and out-trade the best traders in crypto? Do you actually believe that you'll become a millionaire through trading within five or six years?

The point at which trading becomes similar to gambling is when you trade aggressively without doing proper research. If you open trades based solely on gut feelings and conviction, the level of risk increases significantly. As we know, when the risk is high, the chances of losing money also increase.

Therefore, as long as you trade with proper analysis and proper risk management, you are on the right track and are far from gambling your money.

Can you actually say that you're a "good trader", and that everyone should absolutely listen to you for "trading advice"

[r_victory]

If you enter the market thinking you'll make money easily and quickly, it's like thinking with the mind of a gambler.

There are ways to study an investment; we have access to the history of the companies or projects we intend to invest in; we don't depend on luck. Investing is completely different from gambling.

[Powerjumboo]

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 you do not have experience and know the strategy in trading, trading is a lot like gambling, but this is certainly the case in futures trading. But those who are experienced in trading platforms and know the trading strategy, they must learn to analyze the market very well in order to create good success in the trading platform through their own analysis and strategy on the trading platform. FA and TA are not the only ones to analyze, of course, you must know different strategies. However, it is also true that trading with signals from any signal group is like gambling because believing in the signals created by others is equal to gambling, so I never use other people's signals in trading and participating in gambling, I always use my own signals.

[suzanne5223]

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 you do not have experience and know the strategy in trading, trading is a lot like gambling, but this is certainly the case in futures trading. But those who are experienced in trading platforms and know the trading strategy, they must learn to analyze the market very well in order to create good success in the trading platform through their own analysis and strategy on the trading platform. FA and TA are not the only ones to analyze, of course, you must know different strategies. However, it is also true that trading with signals from any signal group is like gambling because believing in the signals created by others is equal to gambling, so I never use other people's signals in trading and participating in gambling, I always use my own signals.

You both have a point.
@snowpega
Trading involves understanding the market structure, backtesting of strategies, and management of risk. Anyone that didnt have any of this knowledge but just relied mainly on the signal is gambling since the trader doesn't have a slight idea of the reason the signal provided is long.
@Powerjumboo
It depends on how you do it. Future trading may be gambling and may not be if you have the A+ setup that shows the market's next movement because the trend tells a story on the chart, and the more you understand the BIAS, the easier you can tell what the market will do

[Peanutswar]

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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!

They wanted to make an investment but they arent the one who make the decision with their investments, people gettung lazy nowadays they want an instant money they have seen in their porfolio but the mistake here is if they keep relying with other people about the crypto calls is there is a chance that they can get manipulated by these peoples or group calls, next is they are just waiting for the opportunity from other people and not just having a trading or investment plan on their own, they are lazy to make a research and analyze the market once the market crash they dont know what to do next. Now if you are a newbie having a basic understanding and fundamentals are the best way to learn and survive with the market. Its your foundation now all you need is to find a suitable strategy that makes your funds grow.

[programmer3666]

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!

Trading without understanding the market is very similar to gambling. If someone is just following random signals, social media hype or influencers without doing their own research, then they are simply taking a guess and hoping for the best. A perfect example is the current bearish market situation. Many traders bought Bitcoin and altcoins when prices were pumping because they thought the market would keep going up forever. Now that the market has turned bearish and prices are falling, many of them are stuck in losses because they entered based on emotions and hype rather than proper analysis. Knowledge itself does not actually guarantee profits, but it helps you manage risk and avoid costly mistakes.

[ChocolateBitcoinK]

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 you do not have experience and know the strategy in trading, trading is a lot like gambling, but this is certainly the case in futures trading. But those who are experienced in trading platforms and know the trading strategy, they must learn to analyze the market very well in order to create good success in the trading platform through their own analysis and strategy on the trading platform. FA and TA are not the only ones to analyze, of course, you must know different strategies. However, it is also true that trading with signals from any signal group is like gambling because believing in the signals created by others is equal to gambling, so I never use other people's signals in trading and participating in gambling, I always use my own signals.

Trading can become gambling when one does not make decisions based on one's knowledge and experience. Just as gambling relies on luck, trading based on guesswork is related to gambling. However, even with experience, trading cannot be completely risk-free because the market is uncertain and no strategist can give you 100% guarantee. Smart traders do not set unrealistic goals of winning every trade but rather make decisions based on controlling their losses. Trading can be distinguished from gambling only when you make decisions based on skill and risk management. A sustainable approach is to make decisions based on analysis rather than relying on luck.

[Hardyrobust]

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 you do not have experience and know the strategy in trading, trading is a lot like gambling, but this is certainly the case in futures trading. But those who are experienced in trading platforms and know the trading strategy, they must learn to analyze the market very well in order to create good success in the trading platform through their own analysis and strategy on the trading platform. FA and TA are not the only ones to analyze, of course, you must know different strategies. However, it is also true that trading with signals from any signal group is like gambling because believing in the signals created by others is equal to gambling, so I never use other people's signals in trading and participating in gambling, I always use my own signals.

Trading may not be the same thing as gambling but they are both similar in so many ways. Trading is likely based on luck as well as gambling, though skills and strategies plays a major role in trading. However, I still believe that without an element of luck it won't be possible for anyone to be successful in trading likewise gambling. So experience and strategy may not count at times in trading without luck.

[Jaycoinz]

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 you do not have experience and know the strategy in trading, trading is a lot like gambling, but this is certainly the case in futures trading. But those who are experienced in trading platforms and know the trading strategy, they must learn to analyze the market very well in order to create good success in the trading platform through their own analysis and strategy on the trading platform. FA and TA are not the only ones to analyze, of course, you must know different strategies. However, it is also true that trading with signals from any signal group is like gambling because believing in the signals created by others is equal to gambling, so I never use other people's signals in trading and participating in gambling, I always use my own signals.

Trading may not be the same thing as gambling but they are both similar in so many ways. Trading is likely based on luck as well as gambling, though skills and strategies plays a major role in trading. However, I still believe that without an element of luck it won't be possible for anyone to be successful in trading likewise gambling. So experience and strategy may not count at times in trading without luck.

I don't know about you but I feel it's the same thing although it's just an upgrade form of gambling and so many persons don't see it that way because they feel they study and perfect the knowing of how the market will go that gets them profit in return but from where am standing I think everything about trading is just same as gambling and no matter how perfect you can be there is always that time when you don't get to understand the market and it's gonna cost you a lot.

[reagansimms]

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!

Trading solely based on "signals" from others without understanding FA and TA or risk management (FOMO) or starting trading without education, these decisions are the same as leaving financial decisions to luck. Buying an asset without knowing what you're buying is like placing a bet on a horse race just because the name sounds good. If the decision to buy is based on signals shared by others, it is not trading, but guessing something using money, which is the same as gambling. Trading requires skill, planning, mastery of technical and fundamental analysis and capital management, not just guesswork or leaving decisions to luck. If you want to achieve commensurate results, you need preparation, discipline and a combination of various other pillars.

[fuguebtc]

Trading may not be the same thing as gambling but they are both similar in so many ways. Trading is likely based on luck as well as gambling, though skills and strategies plays a major role in trading. However, I still believe that without an element of luck it won't be possible for anyone to be successful in trading likewise gambling. So experience and strategy may not count at times in trading without luck.

I don't know about you but I feel it's the same thing although it's just an upgrade form of gambling and so many persons don't see it that way because they feel they study and perfect the knowing of how the market will go that gets them profit in return but from where am standing I think everything about trading is just same as gambling and no matter how perfect you can be there is always that time when you don't get to understand the market and it's gonna cost you a lot.

That’s right. A trader will never admit that trading is like gambling, because they do not want to be seen as a gambler. But frankly, they share many similarities, so it is not entirely wrong to say they are alike. Both involve risk, probability and uncertain outcomes

Hardyrobust is right. In trading, no matter how much knowledge and experience we have, we can still suffer losses if we lack luck. That alone is enough to make it resemble gambling to some extent.

[nara1892]

Yes, if you treat it like gambling, meaning making decisions without any reason and simply guessing whether the market will rise or fall, your profits ultimately depend on luck, not knowledge, and that's clearly gambling.

But on the other hand, I'm sure that quite a few people treat trading like gambling, especially beginners or FOMO traders, who open trades based on gut feeling without any analysis. However, one thing to remember is that even if you approach trading correctly and based on knowledge, it doesn't mean you won't experience losses.

[Yeesha]

Trading may not be the same thing as gambling but they are both similar in so many ways. Trading is likely based on luck as well as gambling, though skills and strategies plays a major role in trading. However, I still believe that without an element of luck it won't be possible for anyone to be successful in trading likewise gambling. So experience and strategy may not count at times in trading without luck.

I don't know about you but I feel it's the same thing although it's just an upgrade form of gambling and so many persons don't see it that way because they feel they study and perfect the knowing of how the market will go that gets them profit in return but from where am standing I think everything about trading is just same as gambling and no matter how perfect you can be there is always that time when you don't get to understand the market and it's gonna cost you a lot.

That’s right. A trader will never admit that trading is like gambling, because they do not want to be seen as a gambler. But frankly, they share many similarities, so it is not entirely wrong to say they are alike. Both involve risk, probability and uncertain outcomes

Hardyrobust is right. In trading, no matter how much knowledge and experience we have, we can still suffer losses if we lack luck. That alone is enough to make it resemble gambling to some extent.

They share a lots of similarities same as the differences so at this point we can compare them but we cannot generalise or consider them to be the same things. I know that they both comprise of loss and win, but these shouldn't generate comparison. Trading possesses several qualities which gambling lack. A trader can make the possibility of losing 60% or 70% due to the strategies he will apply to ensure risks management, but the possibility of a gambler to lose money in gambling is always hundred percent because there is no any suitable strategies to prevent loss, unless the gambler is smart enough to play respectively and responsibly.

[fredericktaylor]

Trading may not be the same thing as gambling but they are both similar in so many ways. Trading is likely based on luck as well as gambling, though skills and strategies plays a major role in trading. However, I still believe that without an element of luck it won't be possible for anyone to be successful in trading likewise gambling. So experience and strategy may not count at times in trading without luck.

I don't know about you but I feel it's the same thing although it's just an upgrade form of gambling and so many persons don't see it that way because they feel they study and perfect the knowing of how the market will go that gets them profit in return but from where am standing I think everything about trading is just same as gambling and no matter how perfect you can be there is always that time when you don't get to understand the market and it's gonna cost you a lot.

That’s right. A trader will never admit that trading is like gambling, because they do not want to be seen as a gambler. But frankly, they share many similarities, so it is not entirely wrong to say they are alike. Both involve risk, probability and uncertain outcomes

Hardyrobust is right. In trading, no matter how much knowledge and experience we have, we can still suffer losses if we lack luck. That alone is enough to make it resemble gambling to some extent.

They share a lots of similarities same as the differences so at this point we can compare them but we cannot generalise or consider them to be the same things. I know that they both comprise of loss and win, but these shouldn't generate comparison. Trading possesses several qualities which gambling lack. A trader can make the possibility of losing 60% or 70% due to the strategies he will apply to ensure risks management, but the possibility of a gambler to lose money in gambling is always hundred percent because there is no any suitable strategies to prevent loss, unless the gambler is smart enough to play respectively and responsibly.

There are several differences between trading and gambling but your aggressive attitude can turn trading into gambling. So I think it is wise to make a decision to trading or gambling with the right knowledge and understanding. To make money by trading, you need to understand the volatility of the market correctly, apply strategies and enter the market at the right time with patience, making money by trading depends mostly on your own skills. But skills or proper research or strategy through gambling cannot bring you 100% win because it depends a lot on luck. Proper research strategy or skill can increase the chances of winning, but not more.

[Asiska02]

If you enter the market thinking you'll make money easily and quickly, it's like thinking with the mind of a gambler.

Anything that is worth it doesn’t come by so easy, so removing the mentality of making it quickly through this market is a no go zone. Things that are worth it don’t come that easy, you’ll have to gain the knowledge first before thinking of profiting from it even in the long term.

There are ways to study an investment; we have access to the history of the companies or projects we intend to invest in; we don't depend on luck. Investing is completely different from gambling.

New investment are not backup by historical date one can go through in order to decide if to invest in such assets or not. This makes newly introduced projects/assets one can invest into not very advisable until convinced beyond reasonable doubt that they’re prospects in the future of the project.

[Adams0001]

Trading can become gambling when one does not make decisions based on one's knowledge and experience. Just as gambling relies on luck, trading based on guesswork is related to gambling. However, even with experience, trading cannot be completely risk-free because the market is uncertain and no strategist can give you 100% guarantee. Smart traders do not set unrealistic goals of winning every trade but rather make decisions based on controlling their losses. Trading can be distinguished from gambling only when you make decisions based on skill and risk management. A sustainable approach is to make decisions based on analysis rather than relying on luck.

Trading is different with gambling but since both deal with luck they make it the same but the luck is different from normal one. Because in trading you need to get the experience and knowledge first and if he favours you then you surly get profit.

If trading is not luck is by knowledge or experience that means everyone should have be rich by now because everyone will do everything possible to achieve the knowledge to start it and be getting money always. But since is be experience and luck you easily succeed and not everyone can have that patience and be losing in trading and still continue putting money and try there luck. Gambling is always a lucky game because is unpredictable and nothing can change that.

[Arenga pinnata]

Yes, if you treat it like gambling, meaning making decisions without any reason and simply guessing whether the market will rise or fall, your profits ultimately depend on luck, not knowledge, and that's clearly gambling.

But on the other hand, I'm sure that quite a few people treat trading like gambling, especially beginners or FOMO traders, who open trades based on gut feeling without any analysis. However, one thing to remember is that even if you approach trading correctly and based on knowledge, it doesn't mean you won't experience losses.

Well, those who trade solely by relying on luck and predicting whether prices will rise or fall without any analysis, based purely on guesswork are essentially like gamblers. But trading is actually quite difficult even for those who conduct rigorous analysis. Still, good traders only enter the market when they are sufficiently confident in their analysis and can identify market trends based on technical and fundamental analysis. So the difference really lies in whether someone analyzes the market first or not. But for those affected by FOMO, their actions often do end up resembling gambling. They sometimes don’t think clearly when making decisions.

[Bushdark]

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 you do not have experience and know the strategy in trading, trading is a lot like gambling, but this is certainly the case in futures trading. But those who are experienced in trading platforms and know the trading strategy, they must learn to analyze the market very well in order to create good success in the trading platform through their own analysis and strategy on the trading platform. FA and TA are not the only ones to analyze, of course, you must know different strategies. However, it is also true that trading with signals from any signal group is like gambling because believing in the signals created by others is equal to gambling, so I never use other people's signals in trading and participating in gambling, I always use my own signals.

People that are not really traders are the ones that do have the conclusion that trading is like gambling which is not.
For you to be a gambler, there is little thing to learn for you to start making money, as a trader you have so many things to learn from market movement, candle sticks pattern, market structures, support and resistance and other many things to put in your head to help a trader know when to makw certain decisions that could be helpful for him.
If people still think that trading is like gambling, they should use that their conclusion to start trading in the market if they are going to be profitable at all.

[nara1892]

Yes, if you treat it like gambling, meaning making decisions without any reason and simply guessing whether the market will rise or fall, your profits ultimately depend on luck, not knowledge, and that's clearly gambling.

But on the other hand, I'm sure that quite a few people treat trading like gambling, especially beginners or FOMO traders, who open trades based on gut feeling without any analysis. However, one thing to remember is that even if you approach trading correctly and based on knowledge, it doesn't mean you won't experience losses.

Well, those who trade solely by relying on luck and predicting whether prices will rise or fall without any analysis, based purely on guesswork are essentially like gamblers. But trading is actually quite difficult even for those who conduct rigorous analysis. Still, good traders only enter the market when they are sufficiently confident in their analysis and can identify market trends based on technical and fundamental analysis. So the difference really lies in whether someone analyzes the market first or not. But for those affected by FOMO, their actions often do end up resembling gambling. They sometimes don’t think clearly when making decisions.

Exactly. Good traders are those who enter the market or open a trade when they see a moment that suits their strategy. If not, they will continue to wait. Patience is tested in trading, and thoroughness must also be prioritized, considering the many unnecessary mistakes, such as applying strategy A in a market that is actually trending B.
I also truly feel that trading is very difficult, draining a lot of energy and patience. It also requires a strong mentality, and that is indeed how we should approach trading.