Trading is like more like gambling if...

[Wind_FURY]

Gambling and trading are two different things, only think when you use maximum 5-7 leverage for trading. If you ever use leverage of 10 or more, it is completely gambling. However it doesn't take much time to trade but it takes a lot of time to become a good and expert trader. Honestly, investing is much better than trading, it is profitable in the long run. However, enough knowledge and skills are needed to trade, especially the importance of technical analyses.

No, futures trading is inherently gambling, and a disguised form of it, regardless of the leverage you use.  Once you choose to trade future and use leverage, it means you have a mindset of wanting to get rich quickly, and that is the mindset of a gambler.

However, I agree with you that long term investment is the best option, even spot trading cannot compare. Long term investing does not guarantee absolute profit, but it increases the chances of success and significantly reduces risk compared to trading.

Are you actually qualified to make that statement, or is it because as PLEBS we can't make consistent profit because we don't actually know what we're doing EVEN AFTER reading all the trading books and going through different trading courses?

 

It's mere gambling for those people, especially PLEBS like US, who don't have an edge in those markets.

[Dr.Bitcoin_Strange]

To be frank trading is more dangerous than gambling as gambling deals with more precision like if you can get how the team plays their previous matches and if you are able to know this it would be that better for you to book them. But in trading, even though you do your analysis and also fundamental analysis you would see that the market circumstance would have to change everything there because news can actually influence the market to change direction even after doing those your analysis. This is the reason why most traders regularly lose money while trading because they can't predicts how the market overly function or reacts at the first place.

Trending is not as dangerous as you think, just the way you are talking about gambling, that's how people that are good in trading will also talking about trading by telling you that if you know the basics things in trading, it will be easy for you, you don't have to win all trades because it's not possible but you can manage risk and still be profitable at the end of the day. Just like OP mentioned, if you don't learn about fundamental and technical analysis, then you will find it difficult to be successful in trading.

[shawonngp]

Trading is so much different from gambling in so many ways such as in terms of the risk involved and the process. Just like every other business, trading has risk involved but the risk is not like the risk of gambling which requires 100% accuracy to win. In trading, you can be wrong and still make money like choosing the direction wrong and price go your way and before it reverses and prove you wrong, you close the trade in profits.

Apart from this, skill is more important in trading than luck. In other words, luck cannot take you far in trading, you must know the art of trading to succeed. On the contrary, you just need luck to succeed in gambling, just one lucky day and you are rich in gambling. This is the reason trading are taught in schools whereas gambling is not.

I totally concur that gambling or trading are two entirely different things. All it takes is a lot of luck to gamble but to trade it takes time and knowledge to learn. It is definitely not a short process that a learner is aware of. It is a relief that you have been able to realize the difference, as exercising your brain in all that you undertook is ever so much more preferable to having fate resolve itself which of the two you ought to have pursued.

Gambling and trading are never the same, if we understand the subject correctly. The point is that gambling is a matter of luck, we all know this, but in the field of trading, when we trade without any knowledge or skill, then it also becomes based on luck, and then it becomes like gambling. But if we trade correctly, by using skills, then it does not depend on luck but on our skills, and it is never like gambling. So it is important to understand these things in detail, if we blindly consider trading as luck-based with the wrong mindset, then we will only have to face losses.

I agree that gambling and trading are never similar, because there is definitely a lot to know and learn in trading. Market analysis is essential; if you start trading without knowing anything, you can never expect to profit. Gambling is not always based on luck. Winning in slots, roulette, dice, and crash casino gambling will completely depend on your luck. Especially in sports betting, you need to do good research and strategies to win, because team picks are important. It doesn't just depend on luck. You can gamble blindly, but you can't in trading.

[impulse709]

Trading is so much different from gambling in so many ways such as in terms of the risk involved and the process. Just like every other business, trading has risk involved but the risk is not like the risk of gambling which requires 100% accuracy to win. In trading, you can be wrong and still make money like choosing the direction wrong and price go your way and before it reverses and prove you wrong, you close the trade in profits.

Apart from this, skill is more important in trading than luck. In other words, luck cannot take you far in trading, you must know the art of trading to succeed. On the contrary, you just need luck to succeed in gambling, just one lucky day and you are rich in gambling. This is the reason trading are taught in schools whereas gambling is not.

I totally concur that gambling or trading are two entirely different things. All it takes is a lot of luck to gamble but to trade it takes time and knowledge to learn. It is definitely not a short process that a learner is aware of. It is a relief that you have been able to realize the difference, as exercising your brain in all that you undertook is ever so much more preferable to having fate resolve itself which of the two you ought to have pursued.

Gambling and trading are never the same, if we understand the subject correctly. The point is that gambling is a matter of luck, we all know this, but in the field of trading, when we trade without any knowledge or skill, then it also becomes based on luck, and then it becomes like gambling. But if we trade correctly, by using skills, then it does not depend on luck but on our skills, and it is never like gambling. So it is important to understand these things in detail, if we blindly consider trading as luck-based with the wrong mindset, then we will only have to face losses.

I agree that gambling and trading are never similar, because there is definitely a lot to know and learn in trading. Market analysis is essential; if you start trading without knowing anything, you can never expect to profit. Gambling is not always based on luck. Winning in slots, roulette, dice, and crash casino gambling will completely depend on your luck. Especially in sports betting, you need to do good research and strategies to win, because team picks are important. It doesn't just depend on luck. You can gamble blindly, but you can't in trading.

I agree that trading and gambling is different, but when people enter into the market without knowledge and strategy it can look a lot like gambling. When a trader does not pay attention to market analysis, risk management and emotional control. He or she is playing the game of luck, as much as a gambler. Patience, discipline, and lifelong learning are key traits of successful trading. However, certain types of gambling. Like sports betting, can be researched and planned. The main difference is that when people are gambling, they are usually looking for short-term wins – whereas when they are trading, they are mainly interested in consistency over the long haul.

[Mame89]

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 can generate recurring profits if it's based on knowledge, strategy, risk management and experience. Therefore, when traders understand what they're doing such as why they entered a position how they'll exit to profit or when to cut losses it's not entirely gambling.

However, trading becomes gambling when they lack knowledge and hope for profits without adequate understanding. This is especially true when following signals or simply relying on mentors without proper verification. Many beginners lose heavily in crypto not because of market volatility, but because they enter without any preparation. In essence crypto offers great opportunities but it also punishes you harshly even more so than gambling if you lack knowledge.

[batang_bitcoin]

I agree that trading and gambling is different, but when people enter into the market without knowledge and strategy it can look a lot like gambling. When a trader does not pay attention to market analysis, risk management and emotional control. He or she is playing the game of luck, as much as a gambler. Patience, discipline, and lifelong learning are key traits of successful trading. However, certain types of gambling. Like sports betting, can be researched and planned. The main difference is that when people are gambling, they are usually looking for short-term wins – whereas when they are trading, they are mainly interested in consistency over the long haul.

Being ignorant pays to be gambling if they are trying to trade and then they get nothing out of it. The problem starts from how they're making themselves think that trading is easy without further research and understanding about is no doubt gambling. They don't work on their home before going on it. The analyses are essentials in both trading and gambling but, we created the meaning of gambling as if being naive and trying to make money by making ourselves look dumb not knowing what we do.

[laijsica]

I agree that trading and gambling is different, but when people enter into the market without knowledge and strategy it can look a lot like gambling. When a trader does not pay attention to market analysis, risk management and emotional control. He or she is playing the game of luck, as much as a gambler. Patience, discipline, and lifelong learning are key traits of successful trading. However, certain types of gambling. Like sports betting, can be researched and planned. The main difference is that when people are gambling, they are usually looking for short-term wins – whereas when they are trading, they are mainly interested in consistency over the long haul.

Being ignorant pays to be gambling if they are trying to trade and then they get nothing out of it. The problem starts from how they're making themselves think that trading is easy without further research and understanding about is no doubt gambling. They don't work on their home before going on it. The analyses are essentials in both trading and gambling but, we created the meaning of gambling as if being naive and trying to make money by making ourselves look dumb not knowing what we do.

There is no easy way to make money. Some new traders think that they can easily make money from trading platforms. They make a big mistake by starting their experience by using leverage. There are advantages to long-term investing but there is no immediate profit target because you have to earn profit through discipline and patience.

You need to be aware of risky trading like gambling because it is not right to expect high profits by making quick decisions and its sustainability is not long. If you realize the knowledge that increases in you about the market as a result of long-term investment practice and application of research knowledge, you will be less inclined to risky trading strategies.

[masulum]

Being ignorant pays to be gambling if they are trying to trade and then they get nothing out of it. The problem starts from how they're making themselves think that trading is easy without further research and understanding about is no doubt gambling. They don't work on their home before going on it. The analyses are essentials in both trading and gambling but, we created the meaning of gambling as if being naive and trying to make money by making ourselves look dumb not knowing what we do.

Sentence "trading is gambling" often appear not because the trading itself, but because how people enter the market and some point i agree with you. In the past i also thinking like that, open chart only to see candle and then entry, few minutes later i loss and say market manipulation, but when i get profit once, i feel like a pro trder, LOL. Then i assume that activity is gambling, but i start to learn everything slowly to change my mine to find something that make trading is different with gambling. In gambling many things outside our control, while in trading at least we still can manage risk, entry, exit, position size. The problem is many people come to trading with mindset instant rich, not learn the process. a trader who just doing random entry without understand what they buy, overleverage in futures, revenge trade/martingale after loss, in my opinion that already not trading anymore, just gambling using chart.

[batang_bitcoin]

Being ignorant pays to be gambling if they are trying to trade and then they get nothing out of it. The problem starts from how they're making themselves think that trading is easy without further research and understanding about is no doubt gambling. They don't work on their home before going on it. The analyses are essentials in both trading and gambling but, we created the meaning of gambling as if being naive and trying to make money by making ourselves look dumb not knowing what we do.

There is no easy way to make money. Some new traders think that they can easily make money from trading platforms. They make a big mistake by starting their experience by using leverage. There are advantages to long-term investing but there is no immediate profit target because you have to earn profit through discipline and patience.

You need to be aware of risky trading like gambling because it is not right to expect high profits by making quick decisions and its sustainability is not long. If you realize the knowledge that increases in you about the market as a result of long-term investment practice and application of research knowledge, you will be less inclined to risky trading strategies.

Assuming that making money from trading is already a huge mistake for all of them. It's the fault of many public figures that shows how profitable they are but in paper, they are not. They make money in influencing their community but not with real trading.

Sentence "trading is gambling" often appear not because the trading itself, but because how people enter the market and some point i agree with you. In the past i also thinking like that, open chart only to see candle and then entry, few minutes later i loss and say market manipulation, but when i get profit once, i feel like a pro trder, LOL. Then i assume that activity is gambling, but i start to learn everything slowly to change my mine to find something that make trading is different with gambling. In gambling many things outside our control, while in trading at least we still can manage risk, entry, exit, position size. The problem is many people come to trading with mindset instant rich, not learn the process. a trader who just doing random entry without understand what they buy, overleverage in futures, revenge trade/martingale after loss, in my opinion that already not trading anymore, just gambling using chart.

That's the confidence we get when we profit from our trades. And that's why trading is like gambling when you have come unprepared and you're like throwing those trades in every direction without direct target and hit.

[Wind_FURY]

To be frank trading is more dangerous than gambling as gambling deals with more precision like if you can get how the team plays their previous matches and if you are able to know this it would be that better for you to book them. But in trading, even though you do your analysis and also fundamental analysis you would see that the market circumstance would have to change everything there because news can actually influence the market to change direction even after doing those your analysis. This is the reason why most traders regularly lose money while trading because they can't predicts how the market overly function or reacts at the first place.

Trending is not as dangerous as you think, just the way you are talking about gambling, that's how people that are good in trading will also talking about trading by telling you that if you know the basics things in trading, it will be easy for you, you don't have to win all trades because it's not possible but you can manage risk and still be profitable at the end of the day. Just like OP mentioned, if you don't learn about fundamental and technical analysis, then you will find it difficult to be successful in trading.

That could be true, but what's actually true is that even if PLEBS like us learn everything about fundamental and technical analysis, MORE than the majority of us PLEBS will never truly be successful in "trading". We PLEBS are simply not smart enough, not well-capitalized enough, and we CAN'T trade successfully enough against the professional traders' army of bots.

The best investment strategy for PLEBS like us is to Buy the Bitcoin DIP, and HODL!

[Finebone]

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.

Having a common sense will only work in the spot market, because newbies and novice that knows of the concept of buying low and selling high can do that, but if you enter into the derivative or futures market without any knowledge on technical and fundamental analysis, that is an act of pure gambling, because such trader is trading with the hopes of being lucky, not having a conviction or knowing what he or she is doing.

[nara1892]

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.

Having a common sense will only work in the spot market, because newbies and novice that knows of the concept of buying low and selling high can do that, but if you enter into the derivative or futures market without any knowledge on technical and fundamental analysis, that is an act of pure gambling, because such trader is trading with the hopes of being lucky, not having a conviction or knowing what he or she is doing.

Yes, precisely in the futures market with a high level of risk, everything must be done based on reasons and those reasons will only be owned when you have knowledge and skills, this also means that if for example you do not know the reasons why you started trading then it means you are gambling, you are betting the results on luck and not on your skills, and trading in such a way will never bring you success.

[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.

Having a common sense will only work in the spot market, because newbies and novice that knows of the concept of buying low and selling high can do that, but if you enter into the derivative or futures market without any knowledge on technical and fundamental analysis, that is an act of pure gambling, because such trader is trading with the hopes of being lucky, not having a conviction or knowing what he or she is doing.

It is the common perspective but someone who wants to think conservative will considered leveraging and futures trading itself a gambling because we are taking high risk and not with the money we have and eventually get liquidated at the end, this is the reality of retail traders in the leverage and other high risky modes, so sticking with spot trading is much better option.

[Localhostspeed]

Being ignorant pays to be gambling if they are trying to trade and then they get nothing out of it. The problem starts from how they're making themselves think that trading is easy without further research and understanding about is no doubt gambling. They don't work on their home before going on it. The analyses are essentials in both trading and gambling but, we created the meaning of gambling as if being naive and trying to make money by making ourselves look dumb not knowing what we do.

If you try to do trading and you don't have any prior knowledge of trading, it's equally to gambling because you are blindly following the market. If you don't know the direction of the market, you are going to loss much than what you prepare for. You may loss though even if you are equip with trading knowledge but that is different thing from understanding the market, you can even use your trading knowledge to reduce your loss in trading.

There is much to lose as a trader if you are not knowledgeable enough like when I see people trading meme coins, I don't see it as trading, I see it as gambling because it's people who don't have gambling knowledge that goes around looking for ways to turn small money into big money.  Many of them are on dexscreener looking for the next thing they can make money from, that's not how trading work, those things doesn't have fundamental and technical analysis.

[kawetsriyanto]

If you try to do trading and you don't have any prior knowledge of trading, it's equally to gambling because you are blindly following the market. If you don't know the direction of the market, you are going to loss much than what you prepare for. You may loss though even if you are equip with trading knowledge but that is different thing from understanding the market, you can even use your trading knowledge to reduce your loss in trading.

Of course, trading with lack of knowledge will be quite similar as gambling. It is because the traders will only guess anything. They won't determine the entry and exit plan with proper analysis, but they will only use their intuition. This isn't the right way in trading, it is just the way in gambling. Sure, they will only end up with losses because trading can't be done in that way.

There is much to lose as a trader if you are not knowledgeable enough like when I see people trading meme coins, I don't see it as trading, I see it as gambling because it's people who don't have gambling knowledge that goes around looking for ways to turn small money into big money.  Many of them are on dexscreener looking for the next thing they can make money from, that's not how trading work, those things doesn't have fundamental and technical analysis.

Trading memecoins? I actually don't hate memecoins, people have their own right to choose any coin. However, since memecoins have no clear fundamental, it is difficult to analyze them. It is impossible to improve the chance of profits on the coins that they rely on the hype only. Hype isn't something that we can analyze, it is beyond of our ability. So, I agree that trading memecoins seems more similar as gambling.

[EarnOnVictor]

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

What you described contributes to the reason why people could be gambling but thinking they were trading. Not having the required knowledge is a red flag, because what do you do without the knowing? You gamble, of course!

However, it is more than that, as those who know everything about trading are not exonerated in this. The main thing is practical; are they practicing what they know? A lot of people know trading theoretically, but in practice, emotion doesn't let them. By virtue, they are not different from those who don't know it.

[Wind_FURY]

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

What you described contributes to the reason why people could be gambling but thinking they were trading. Not having the required knowledge is a red flag, because what do you do without the knowing? You gamble, of course!

However, it is more than that, as those who know everything about trading are not exonerated in this. The main thing is practical; are they practicing what they know? A lot of people know trading theoretically, but in practice, emotion doesn't let them. By virtue, they are not different from those who don't know it.

Let's ask the PLEBS like us in the topic if they could actually outsmart the professional trading houses with their in-house researchers for Fundamental Analysis.

THEY CAN'T.

Let's ask the same PLEBS if they could actually out-trade the professional trading houses with their army of bots, their High Frequency Trading strategies, and their in-house Technical Analytics Models?

THEY CAN'T.

[fighter2627]

If there is no other basis for doing actual trading activity but just guessing without any analysis or strategy, it can be said that what these traders do is clearly just gambling
because there is no guarantee that they will get a profit.

In addition, it seems that they will also rely on luck whether or not the position price they will set up is correct, and if this is the case,
it is not good for any traders to get used to it.

[Crypto Library]

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.

In my personal opinion those people who are doing the trading even they don't know about the analysis like the technical analysis and the fundamental analysis still doing trading by following others their actually doing the gambling not the trading and these are the people who were saying that trading is also like the gambling.

Just as in other sectors like graphic designing and web designing, web development, and software development, you have to grow your skills over time and then become successful through experience, similarly in trading, it takes a lot of time to acquire analysis skills. Those who can give this time can basically express themselves as real traders and can remain profitable, and in their case, trading can basically be considered as a career, which is definitely not gambling.

[cxtreenal]

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.

Having a common sense will only work in the spot market, because newbies and novice that knows of the concept of buying low and selling high can do that, but if you enter into the derivative or futures market without any knowledge on technical and fundamental analysis, that is an act of pure gambling, because such trader is trading with the hopes of being lucky, not having a conviction or knowing what he or she is doing.

Inexperienced traders think that applying a very small level of common sense to get profit from trading is a big deal. It is just like entering a speculative market that has to be controlled by luck and losses are very close. Inexperienced people buy and start counting the days or hours when it will increase. If for some reason the increase in the price of that coin is delayed, they panic and sell at a loss because they do not do technical analysis and wait for the price to decrease or increase and have the attitude of selling at a small profit but in reality in most cases they have to sell at a loss because inexperienced traders are affected by FOMO. They unknowingly get involved in gambling related strategies without making long-term and sustainable investments.