Trading and Gambling which do you earn faster?

[Pikiboy]

I do not know if this post should be posted at the gambling section or this trading board because if you look at the title it both has gambling and trading which I am trying to know where to post it.
That not withstanding, finally decided to post it here as I believe that it would well answered over here than the other side. I was having a conversation with a friend and he was like saying 'he has two things in his mind on to into but, he doesn't know the one that could pay him more faster and quickly" He also considered trading but that would take his time as he lack patient, then on the second thought he felt that gambling is another thing he could do without doing much research about what he is doing, is just about doing finding on the history of the bet he gonna bet on and whenever he finishes his analysis he can place bet.

When he asked that which do I prefer to go into and told him trading could be more better, this also struck me to come here to ask on which do you think one can make quick money from them. I know both do take time but he doesn't have patient to trade or sitting his himself down to start learning things about trade otherwise, for me I have given him the option of buying and hold and whenever there are more changes in the price of the asset he is hold can sell and take profit.

I want to know if my advise is wrong, please your contribution also really matter to me so that I can quickly run back to him to share some resourceful information that are shared here.

[Oshosondy]

Anyone should not think they can make money from gambling. It can result into addiction instead. It is better you are only gambling for fun. Some people can make money from trading, but trading is also risky just like gambling and most traders are losing. Use the amount that you can afford to lose to gamble or trade. They are both risky. In trading, if you are making money, you can increase the amount you are using to trade. Do nit do that in gambling.

[BitMaxz]

Actually gambling can be faster but still depends on how lucky you are; if not, then trading would be faster depending on what strategy you are currently using.


So if you ask this question for gambling, depending in your luck while trading also depends on your strategy.

However, gambling should be the faster if you are lucky but if not, then trading would be an alternative, but if you have a system, the profitability is not instant as how you made it from gambling.

[Donk1]

Well personally I believe there isn't any quick way in trading, as chasing quick profit will only result in him gambling with the market, which would be wrong. That would only put his money at a high risk of getting liquidated as market volatility moves against his position.On the other hand you said gambling which isn't really something to put your mind in when it comes to making constant profits. But yeah you can make profit but the chances of winning could come from your analysis or just sheer luck. Either way entering trading without being mentally, psychologically, and technically prepared is a disadvantage. Though with time, constant experience with the market, and understanding you actually make good profit, but your progress is determined by how patient and disciplined you are which in this case, your friend doesn't have.​gambling has more disadvantages than advantages. So to me whether he chooses gambling or trading, they are both risks but one has long term value and the other doesn't. So he should consider taking the best possible course, which is trading but he can decide to go for gambling, but he has to be prepared. That's all......

[Queentoshi]

...

If your plan is to earn fast or quick money from either trading or gambling unfortunately I have to tell you that you may just end up losing a lot of money because if it is trading that is your option you will be in a hurry to start trading in the live market not giving yourself enough time to learn and that will lead you to a lot of losses, And if it is gambling that you want to hurry into to make fast money from it will not be difficult for you to become an irresponsible gambler with an addiction problem because you would gamble more often just so that you can increase your chances of winning and it doesn't happen like that. Your intention for either of both should not be to earn fast because the eagerness for quick money is what leads to a lot of regrets.

[Perfectbaby]

I do not like those who doesn't have patient when it come to making through gambling or through trading they must exercised patient for them to be able to know what they are doing. People should stop thinking that trading is easy or gambling is also that easy to make money, the most important thing should be that they are gambling with what they can afford lose than to gamble with the mindset of winning big money from gambling, because they would always results in losing everything they have while gambling. From what I see trading is much more better than gambling because sometime if you are trading and the market bounces back or even push higher quickly the trader can stop at that moment and hold back their coin for the price to rise along side without them trading.

[aoluain]

Yes, of course Gambling is potentially faster, you can make a bet now and potentially be winning
in a few minutes, or in sports betting possibly  in 10 minutes.

Trading could take longer, much longer depending on when you start depending on the market.

All things considered and depending on timing one could be faster than the other but for trading
I think timing is a big factor.

[Bd officer]

My first advice is to stop planning to earn quickly. You will not be able to earn quickly in anything, although it may be possible to earn quickly by gambling but it will be very risky. If you chase after earning money quickly, you can lose everything soon.

Trading and gambling are both risky but it is possible to profit by experience and skill and analysis in trading but gambling depends on luck. So I would say your advice is not bad because hodl is better than trading and gambling.

[Pikiboy]

Actually gambling can be faster but still depends on how lucky you are; if not, then trading would be faster depending on what strategy you are currently using.


So if you ask this question for gambling, depending in your luck while trading also depends on your strategy.

However, gambling should be the faster if you are lucky but if not, then trading would be an alternative, but if you have a system, the profitability is not instant as how you made it from gambling.

That is what he is also saying that gambling could be the easier way but now my concern is that he may not be that able to have patient since his intention is to earn big money while gambling he may not focused to gamble carefully. For instance there are people who much put their interest into gambling that would make it big through gambling but, some times they often turns into gambling addiction because they are trying everything possible to make sure they earn what they are expecting but end up losing and in most cases brought debt into their family. Do you also think there is a strategy that works faster in gambling and trading?

[Franctoshi]

Actually gambling can be faster but still depends on how lucky you are; if not, then trading would be faster depending on what strategy you are currently using.


So if you ask this question for gambling, depending in your luck while trading also depends on your strategy.

However, gambling should be the faster if you are lucky but if not, then trading would be an alternative, but if you have a system, the profitability is not instant as how you made it from gambling.

Yes making profit gambling can be faster but the Luck in gambling is very low it's not guaranteed, for trading your chances is higher than in gambling same with loses too, but you can lose money now in trading and still regain it back in your next trade, but in gambling, the more you try recover your loses, the more you even lose money.

[Merit.s]

Lazy people want to make money without working for it. None of them can give you quick profit because gambling is a game of luck and trading in a volatile market is highly risky.

The last time, I checked both gamblers and traders end up in the same fate which is losses in the long run. Tell your friend to go look for a means to earn a living either by getting a job or learn a skill.

[Mrbluntzy]

Judging by your word, this person doesn't have time to sit and learn trading, meaning that he will be good at gambling and gambling doesn't require him to learn anything although sports betting will still require him to learn how to do valid analysis to be able to bet on the  teams that will give him more wins than losses, however learning and mastering sports betting doesn't have the kind of complexity that trading has,  therefore he will be good with gambling.

About the earning aspects, both has first time luck for newbies but consistent winning is nothing to write home about. For a professional trader, they can manage to be constantly profitable but it's not always all their trades that will be profitable meanwhile a gambler has to deal with more losses than the professional trader. To become a professional trader is time consuming than it is to become a lucky gambler who wins once in a while. Consistent earning from trading and gambling is not easy, you will suffer emotionally if that is the money you are depending on.

[Kelward]

You should know that the fastest way to make money should also be the fastest way to lose your money so what it means is that if you want to make fast money you should be prepared to shoulder the high risks involved. Both gambling and trading can give you quick profit but they can also blow your account faster than you can imagine if you lack self control to enter the market or casino but if you have self control you can gamble and trade responsibly.

The major difference that I see is that you don't need to be a professional before you can become a gambler even when you're betting on sports which is skill based to certain extents so gambling is more accommodating for everybody to enter and try their luck and I think that it is easier to lose your money in gambling than trading. Trading is a profession, if you're well tutored in trading you will know how to control your emotions and when you do you won't see it as where you must get rich instantly, you'd be more cautious. You can recover lose in trading but you cannot recover in gambling.

[hedgeh0g]

Trading differs from gambling in that trading is a real financial activity that takes into account many factors, and thanks to this, it is possible to try to predict one’s income in it, as well as to build certain strategies. Well, in gambling, everything works solely on the basis of chance. And under no circumstances should one take it seriously, because in gambling, luck plays too big a role, not skill, and one can also develop an addiction. But with trading, if a person trades on the spot market, they will never develop an addiction.

[Proty]

Your friend isn't ready to learn but is after something that will fetch quick profit,  and this is where the problem lies. Without a good knowledge of trading and gambling, it is easier to lose money because the person won't know how any of this works.
Trading requires time , patience and effort despite the opportunity it may present.
For gambling, making research doesn't make it to be less risky. Someone can still lose money after proper research. If your friends actually choose gambling because he doesn't have the time or wants to learn them he made the wrong choice.
My advice to him is that he should learn how to manage risk first and not to be looking for whether he can make quick profit from either gambling or trading.

[Joy- maker]

Anyone should not think they can make money from gambling. It can result into addiction instead. It is better you are only gambling for fun. Some people can make money from trading, but trading is also risky just like gambling and most traders are losing. Use the amount that you can afford to lose to gamble or trade. They are both risky. In trading, if you are making money, you can increase the amount you are using to trade. Do nit do that in gambling.

I don't think trading or gambling should be something people rely on as their main source of income, because both can be unpredictable. It is better they treat them as high risk activities rather than a dependable way to make a living.  As for me, these two activities are something I do for fun and entertainment, so it doesn't matter wether I win from gambling or make a profit from trading. I only use money I can afford to lose on them for my own mental health.

[Audrey Simmons]

I want to know if my advise is wrong, please your contribution also really matter to me so that I can quickly run back to him to share some resourceful information that are shared here.

The fastest way to earn is to get a job, tell your friend not to rely on gambling or trading as a fast way to earn. If I were to advise you, stay away from advising him on what to do, there is no fastest way to earn money in gambling or trading, both have risks that should be controlled, unless the repercussions will be much on him that he will come back complaining, you don't want to be the person who advised a desperate friend into what will cause his financial problem, remove yourself from the circle, don't pick which one is best for him.

[nara1892]

There is nothing wrong with the advice you give, even I think it's the best advice you convey, the reason is because there is no certainty and any way that can guarantee victory in gambling, although profits can indeed come as fast as lightning but the risk of loss is also the same, so tell your friends do not just look at something from one side only, see also the consequences.

In trading the consequences can be minimized by maximizing risk management and although you lose the loss will not immediately drain all your money, only a few percent, but in gambling when your prediction is wrong then all the money you bet will disappear.

[Hamza2424]

I was having a conversation with a friend and he was like saying 'he has two things in his mind on to into but, he doesn't know the one that could pay him more faster and quickly" He also considered trading but that would take his time as he lack patient, then on the second thought he felt that gambling is another thing he could do without doing much research about what he is doing, is just about doing finding on the history of the bet he gonna bet on and whenever he finishes his analysis he can place bet.

He wanted to make money, as we all are, but bro, making money once and twice is understandable, but what your friend seems to be saying is different, he wants a consistent earning source, right? Is he doing a job or just trying to survive on this? I hope he is doing a job, if not, then that makes the whole situation even worse.

Even if he is doing a job, he should not start gambling just because he doesn't have to use his mind and do any research. He must know the side effects of gambling, and he can lose everything if he gets addicted to it.

[Alphakilo]

I was having a conversation with a friend and he was like saying 'he has two things in his mind on to into but, he doesn't know the one that could pay him more faster and quickly" He also considered trading but that would take his time as he lack patient, then on the second thought he felt that gambling is another thing he could do without doing much research about what he is doing, is just about doing finding on the history of the bet he gonna bet on and whenever he finishes his analysis he can place bet.

He wanted to make money, as we all are, but bro, making money once and twice is understandable, but what your friend seems to be saying is different, he wants a consistent earning source, right? Is he doing a job or just trying to survive on this? I hope he is doing a job, if not, then that makes the whole situation even worse.

Even if he is doing a job, he should not start gambling just because he doesn't have to use his mind and do any research. He must know the side effects of gambling, and he can lose everything if he gets addicted to it.

The question alone made me first realize how greedy and lazy such a person looking for the faster route to earn more money is, because anyone who has money from different income sources know that money is a reward of the value you provide.
That being said, trading is an activity that requires more skills than gambling ever could demand and that's why it seems more difficult to get into it, but learning about it is the part where the work needs to be done, unlike gambling that only requires capital, risk management practices of capital and emotional control and good instincts to make good picks.

DCAing as a strategy is also a form of trading even if the money does not come as quick as needed, it surely pays to have the patience to invest using DCA strategy rather than spend every time in trying out gambling activities with no sure strategy to win and of which can lead to addiction.