Trading and Gambling which do you earn faster?

[Abu-Naim]

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.

From the way that your friend talk to you about these two options, it obvious that he is just trying to make quick money, he is trying to know which one will pay him fast without much stress, but I am sorry to tell you that if your friend is not willing to learn or do any extra work like research and checking analysis of games and how gambling trading works, he will surely lose money in anyone he tried to go into because both of them require time and attention.

It is not easy to make money in gambling and even trading. For trading, you will need to learn more about trading, learn about risk management and so on, to avoid losing money easily, and learning that will not stop you from losing money in trading, that is why the learning is very important before trading. Gambling also requires you to know what you are doing, learn and know how to play games before putting in your money because they are all risky. Therefore, there is no how your friend will make money without taking sometime to learn.

[Royal Cap]

Gambling and trading are two things that have similarities, and commonness. Gamblers and traders share similar experiences in their day to day activities, but with different forms of investment. Both of them are highly risky, so it's up to you to choose the same risk you want to take. And one thing you must know is that taking of risk is not something that is so easy, but it is possible to people who have made some good money, and can afford to lose some in the process of making more.

To me, one major differences between these two is the intention behind them. In gambling your success depends on you luck. On the other hand, in trading, you have the chance to make your own decision based on your analysis of the market. However, if you engage in short term trading, the two become very similar, particularly in terms of leverage. Another thing about gambling, which is a dangerous belief, is that gambling pays off quickly. Trading suffers from the same problem, but it would be wrong to confuse the practice with long term investments.

[Smack That Ace]

Both can generate profits very quickly. But don’t get the wrong idea, the main purpose of gambling shouldn’t be to make a profit, whether large or small, but purely for the sake of having fun, in this case, if you end up in the black at the end of a gambling session, that’s just a bonus.

Meanwhile, in trading, making a profit is common because that is the primary goal, and it’s also easier to identify the risks and potential profits involved. As for how quickly you can make a profit, that depends on your capital, strategy, and money management skills.

I don't want to belittle gambling and people that are good at it but you might have plenty of people that will profit from trading than people that are into gambling. If you teach 100 people how to trade and they mastered everything and you set up an account for them to trade, if they don't trade like gamblers and do everything according to how you train them, you will have at least 70 people that will be profitable but I don't think the same will work for number of gamblers.

Trading has a rule and pattern for people to follow, gambling does not. Anybody you see making money from gambling is doing it because they are making money from it. There is no concise rules and way to make money. There is better opportunity when you trade than when you gamble but I know many people will choose gambling because they don't have to sit on their screen for long time.

If I had to pick one, I'd still tell people to go with trading. But trading is not as simple as you make it sound. Its not like regular job where knowledge, hard work, effort will eventually pay off for sure. If it were that simple, we wouldnt have so many people losing money in market, because quite a few traders are actually serious about it.

At the end of the day trading is still probabilistic. Even if you have all right thing in place, you can still lose if luck doesnt go your way. You can do everything right and still take a loss. That's just the nature of trading.

[Dareo]

Both can generate profits very quickly. But don’t get the wrong idea, the main purpose of gambling shouldn’t be to make a profit, whether large or small, but purely for the sake of having fun, in this case, if you end up in the black at the end of a gambling session, that’s just a bonus.

Meanwhile, in trading, making a profit is common because that is the primary goal, and it’s also easier to identify the risks and potential profits involved. As for how quickly you can make a profit, that depends on your capital, strategy, and money management skills.

I don't think it is not to make a comparison between gambling and trading on one and the same level, as the fundamentals of these two things are entirely different, In gambling you have no control, once you lose money it is completely over. But in trading if there is something wrong with the market, then you can lessen the risk by putting a stop loss or waiting until the price is raised. Like while you play in the casino and lose the money, there is nothing else left for you but if you buy coins and hold them even if the price temporarily drops, there is a chance to recover in the future

[otterninja]

Solid point, and honestly rare to see measured takes like this here. Related note for anyone who wants to test their edge without capital risk: there are free trading competitions now - identical starting balance for everyone, fixed window, real prizes. I've been trying one (free to enter): https://otter.trade/signup?inviteCode=UQ3FR6AK - posting my actual results here as they come, not just the wins. Anyway, glad to be here — looks like a solid community.

[SamReomo]

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.

Tell him that gambling can't be considered as a source of income and that's why it's much better to go for trading. But the one who doesn't know a thing about trading is also somehow gambling so it's better to first learn trading and then trade with the money. If he's in hurry then tell him to invest money in Bitcoin and hold it for years to earn maximum returns from that investment without much input. Otherwise, such a person will lose the money if he decided to take action without proper understanding.

[vincentixz]

trading and gambling are pretty different when it comes to how the money is made. gambling can pay out faster, but that doesn't really mean it's the better way to make money. trading at least gives you something you can actually study and build experience around over time.

[Airaze]

I separate fast money from better money here, gambling can give you a result in minutes but the outcome is mostly luck. with trading, you can at least spend time learning the market and managing risk. neither is easy money though.

[Elainebue]

I think your point about trading needing more patience is probably the biggest thing and if someone is looking for quick money, neither one is really a great fit. gambling can give you quick results but trading takes time to learn and you can still lose money.

[Olatundespo]

Gambling and trading are two things that have similarities, and commonness. Gamblers and traders share similar experiences in their day to day activities, but with different forms of investment. Both of them are highly risky, so it's up to you to choose the same risk you want to take. And one thing you must know is that taking of risk is not something that is so easy, but it is possible to people who have made some good money, and can afford to lose some in the process of making more.

To me, one major differences between these two is the intention behind them. In gambling your success depends on you luck. On the other hand, in trading, you have the chance to make your own decision based on your analysis of the market. However, if you engage in short term trading, the two become very similar, particularly in terms of leverage. Another thing about gambling, which is a dangerous belief, is that gambling pays off quickly. Trading suffers from the same problem, but it would be wrong to confuse the practice with long term investments.

Many people profit from trading, but most of them are experienced and sometimes have long-term plans. You will not achieve anything fruitful with any short term plan. The same term will apply to those who gamble in the hope of getting rich in a short time, meaning they will be at risk of becoming addicted and at some point they will lose most of their funds. Gambling is for entertainment. Those who have used gambling only to make money have lost a lot of money.

To get profit from trading you must be skilled in market analysis, have the leverage to take risks and use funds that are worth the risk. During trading, you will not have the possibility of success even on market analysis alone, you will have to take the risk of losing 100% of your money.

[ChocolateBitcoinK]

Gambling and trading are two things that have similarities, and commonness.

If you still consider gambling and trading to be similar and the same, I'm afraid you actually have never made money quickly from either. Gambling does feel more instant, but gambling is not the right way to make money. If you are thinking of making money from gambling, you might use up your capital before you can enjoy your winnings.

Those who still think that gambling and trading are the same are not realistic in their mentality. Gambling, which is mainly dependent on luck, on the other hand, requires very deep knowledge in trading. Trading and gambling are considered completely different through such fundamental differences.
However, there is a lot of misconception among people, especially when they win one or two through gambling, they think that they will be able to win every time through gambling, that is, they start considering gambling as a source of income. And in this way, people start taking bigger risks with more money, and at that time it is never under their control, rather gambling is controlling them, and from this stage, a good person goes to a stage and becomes completely addicted to gambling.

However, similarly in the case of trading, many people start considering themselves skilled only after completing 2-1 trades well in the first stage, but they are definitely not skilled in reality. In such cases, it is important to control yourself, people usually become the weakest in terms of money, they think of getting rich overnight and for this they start making decisions with emotion, and where those who were trading or gambling in the hope of getting rich, but on the contrary, they go towards more destruction through these.

So everyone has to earn money but it must be a realistic and good way, you cannot get rich overnight from anything, certainly not in the case of gambling, and the same is not true in the case of trading. A wrong decision can cause a lot of financial damage for you, so everyone needs to think realistically in every decision which is directly related to money.

[Primark]

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.

Of course, there are risks in both gambling and trading. But risks are not the same. Again, I agree with you that gambling and trading should not be seen as a way to earn quick money. But I cannot agree that the end result of both will always be the same. In gambling, it is almost certain that the gambler will lose in the long run because of the house edge. Because when we play for a long time, the account will be in favor of the casino. Although it is possible to get a few big wins in the game, but that cannot be called regular income.

In trading, many people have also lost, especially those who hope for quick profits without learning or use leverage. But since there is no house edge like a casino against the trader, many traders have also made profits. With good risk management, position sizing and discipline, it is possible to be profitable in the long run, but these are not easy. Especially for beginners, it is more risky. That is why investing in the long run can be realistic.

[SmartCharpa]

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.

Based on my experience and what I have been through, I wouldn’t tell anyone to depend on any of this as a source of income or way of earning fast money. I don’t know much about trading, but I have many friends who are into trading and I know how much they lose every time.

Let’s assume you have a job that is paying you little money at the end of the month, if you are into trading and the market does not go as you think, I believe your salary should have finish before you even know it.

In addition, gambling is another risky things in a man life, how can you just wake up one day and think gambling is a way to earn fast money? You analyze a game where 22 players are going to ply on the pitch, thinking the match will end the way you expect. Doing any of this is not good at all for anyone who is trying to build their life. You need to be financially stable first, then doing any of this will sound like a fun to you, not something you attach your emotions to.