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Author Topic: Trading is not same thing as Gambling  (Read 8569 times)

Offline bounceback

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Re: Trading is not same thing as Gambling
« Reply #150 on: May 27, 2024, 03:58:57 PM »
Yes. I agree with you that trading requires skills but not all trading is just trading that is something else. If we talk about binary trading, it's pure gambling. You just rely on your luck and you cannot do anything else except wait for it to get closed. When we rely on luck only, this is gambling. Future trading is gambling as well, but you could still say that future trading requires skills and a trader has to do a lot of research before they open the position. I guess the reason behind people call it gambling is because of binary trading.
Binary trading is the same with gambling pure of luckiness when putting our order, but in trading is difference including skill and knowledge will get bigger profitable to earn than gambling just depend on luckiness with our capital loss if wrong prediction. In trading indeed little mistake with prediction some coins we still has chance waiting price recovery and earn much profitable later.
I think Binary trading must removed their trading words because its not like as trading usually, binary pure of luckiness depend and the same with gambling way.

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Re: Trading is not same thing as Gambling
« Reply #150 on: May 27, 2024, 03:58:57 PM »

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Re: Trading is not same thing as Gambling
« Reply #151 on: May 28, 2024, 03:33:22 PM »
Gambling is for leisure
Trading is for income/profit making
Gambling is a fun matter, people gamble mostly through the games.
Trading is a serious matter, people do trading for a profession/job. True, they get profits in trading.

With these two then you could already tell on whats their main difference on which of course when it comes to risk level then this is something that you would really be able to differentiate and of course you would really be needing up to make yourself that determine on how you should really be gonna dealing with it.
The risk level is so much different. Gambling is surely higher risk, it even mostly depends on the luck only. The chance of success is not so high in gambling. It is different with trading, the risk can be lower if we have good knowledge. So, the key is about our knowledge, it determines the success. Even if no guarantee 100% but people who have better knowledge in trading, they always have bigger chance to be successful.

It would really be that impossible that you cant really be able to make yoursel see those differences and on how you would be needing to act according into it.
If we have good knowledge, we can understand how to trade in a proper way. We can consider many things if we have good knowledge. Finally, it can lower the potential of losses. People who understand how trading works, probably have good chance to be successful. This never happens in gambling.  ;)


Offline Jamal Aezaz

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Re: Trading is not same thing as Gambling
« Reply #152 on: May 29, 2024, 12:41:22 PM »
Really you are absolutely right i think. Now a days we are seeing huge inexperienced people engage with gambling and luckily some people are wining, and people thinking it is trading. But trading and gambling has huge difference but ther are not understanding.

I think it happened because lack of knowledge. I think when anyone will involve with trading then he will understand different Between trading and gambling.

One cannot understand the difference between gambling and trading until he uses his knowledge in trading because the main dissimilarity between these two is the knowledge. One cannot get success in gambling because no knowledge is present for getting success in gambling but there is a better way known as trading in which you can earn through accurate knowledge.

Try to understand the difference between gambling and trading and one cannot get success from trading if he does not understand the fact that it is not a luck based game but it is based on knowledge and expertise.
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Offline milewilda

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Re: Trading is not same thing as Gambling
« Reply #153 on: May 29, 2024, 01:10:53 PM »
Yes. I agree with you that trading requires skills but not all trading is just trading that is something else. If we talk about binary trading, it's pure gambling. You just rely on your luck and you cannot do anything else except wait for it to get closed. When we rely on luck only, this is gambling. Future trading is gambling as well, but you could still say that future trading requires skills and a trader has to do a lot of research before they open the position. I guess the reason behind people call it gambling is because of binary trading.
Binary trading is the same with gambling pure of luckiness when putting our order, but in trading is difference including skill and knowledge will get bigger profitable to earn than gambling just depend on luckiness with our capital loss if wrong prediction. In trading indeed little mistake with prediction some coins we still has chance waiting price recovery and earn much profitable later.
I think Binary trading must removed their trading words because its not like as trading usually, binary pure of luckiness depend and the same with gambling way.
I can attest that Binary options type of trading could really be considered to be gambling, although you could really be able to apply some analysis considering that you are really that making some trading on which it would really be just that normal that you would really be making yourself that applying analysis on which it cause up for you to have that increased chance on making some good trading but since binary options are really that involved with few seconds or even just a minute trade then this is something that you cant really be able to draw any technical analysis or even be able to apply any fuindamentals and this is why i cant be considered to be gambling and pretty sure that majority will really be having that impressions too.

Offline doc

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Re: Trading is not same thing as Gambling
« Reply #154 on: May 30, 2024, 01:31:24 PM »
Yes. I agree with you that trading requires skills but not all trading is just trading that is something else. If we talk about binary trading, it's pure gambling. You just rely on your luck and you cannot do anything else except wait for it to get closed. When we rely on luck only, this is gambling. Future trading is gambling as well, but you could still say that future trading requires skills and a trader has to do a lot of research before they open the position. I guess the reason behind people call it gambling is because of binary trading.
Binary trading is the same with gambling pure of luckiness when putting our order, but in trading is difference including skill and knowledge will get bigger profitable to earn than gambling just depend on luckiness with our capital loss if wrong prediction. In trading indeed little mistake with prediction some coins we still has chance waiting price recovery and earn much profitable later.
I think Binary trading must removed their trading words because its not like as trading usually, binary pure of luckiness depend and the same with gambling way.
I can attest that Binary options type of trading could really be considered to be gambling, although you could really be able to apply some analysis considering that you are really that making some trading on which it would really be just that normal that you would really be making yourself that applying analysis on which it cause up for you to have that increased chance on making some good trading but since binary options are really that involved with few seconds or even just a minute trade then this is something that you cant really be able to draw any technical analysis or even be able to apply any fuindamentals and this is why i cant be considered to be gambling and pretty sure that majority will really be having that impressions too.
I think I agree with you, Binary options type of trading seems a gamble.   Maybe we can't make truly accurate analysis and many people say it's like gambling that relies on luck... What type of analysis do we want to use?  It doesn't seem to have much of an effect there.  I'm not a professional trader, just a holder who has learned a little about trading.

Offline Learn Bitcoin

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Re: Trading is not same thing as Gambling
« Reply #155 on: May 30, 2024, 04:23:39 PM »
I think I agree with you, Binary options type of trading seems a gamble.   Maybe we can't make truly accurate analysis and many people say it's like gambling that relies on luck... What type of analysis do we want to use?  It doesn't seem to have much of an effect there.  I'm not a professional trader, just a holder who has learned a little about trading.

I don't think any kind of analysis works in binary trading. It's pure gambling bro. You cannot really predict what will happen in the next one minute or in the next five minutes. If the market moves a very little like 0.0000001 USD, you still loss the trade which is 100% pure gambling. You lose the entire stake and not the part of it.

On the other side, when you trade on the spot, you may have some bad predictions, yet you won't loss the whole amount of money. You may lose a portion of it. But still, you have a chance to recover the loss if you hold it. But binary trades does not gives you a single second.
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Re: Trading is not same thing as Gambling
« Reply #156 on: May 30, 2024, 04:40:22 PM »
One cannot understand the difference between gambling and trading until he uses his knowledge in trading because the main dissimilarity between these two is the knowledge. One cannot get success in gambling because no knowledge is present for getting success in gambling but there is a better way known as trading in which you can earn through accurate knowledge.

Try to understand the difference between gambling and trading and one cannot get success from trading if he does not understand the fact that it is not a luck based game but it is based on knowledge and expertise.

Even by knowledge, Trading and gambling are not the same, they are not even close. The only thing that joined the two of them is that they are both risk way of making money but the degree of gambling is above and high than that of trading. Gambling will take away your money completely but trading wouldn't if you do a regular trading.

If you do gambling and you lost, your money is gone and the money goes to the casino and doesn't has policy of returning it back to you but as for trading, you can buy a coin leave it on your wallet for a long time you want, you can sell when feel like you are having enough profits already and you don't need to even panic if the coin goes down, they always go up after some times.
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Altcoins Talks - Cryptocurrency Forum

Re: Trading is not same thing as Gambling
« Reply #156 on: May 30, 2024, 04:40:22 PM »


Offline jeraldskie11

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Re: Trading is not same thing as Gambling
« Reply #157 on: May 30, 2024, 04:54:01 PM »
One cannot understand the difference between gambling and trading until he uses his knowledge in trading because the main dissimilarity between these two is the knowledge. One cannot get success in gambling because no knowledge is present for getting success in gambling but there is a better way known as trading in which you can earn through accurate knowledge.

Try to understand the difference between gambling and trading and one cannot get success from trading if he does not understand the fact that it is not a luck based game but it is based on knowledge and expertise.

Even by knowledge, Trading and gambling are not the same, they are not even close. The only thing that joined the two of them is that they are both risk way of making money but the degree of gambling is above and high than that of trading. Gambling will take away your money completely but trading wouldn't if you do a regular trading.

If you do gambling and you lost, your money is gone and the money goes to the casino and doesn't has policy of returning it back to you but as for trading, you can buy a coin leave it on your wallet for a long time you want, you can sell when feel like you are having enough profits already and you don't need to even panic if the coin goes down, they always go up after some times.
I agree with you but I also agree with him in some point. Trading is not a gambling because it's just buying and selling; on the other side, gambling is always a gambling. Maybe it's good to say that you can trade like you're gambling if you don't have knowledge in trading. Their similarity to gambling if you don't have  knowledge in trading is the chance of winning a trade, like it's 50/50.

Offline Mr. Magkaisa

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Re: Trading is not same thing as Gambling
« Reply #158 on: May 30, 2024, 11:25:50 PM »
Yes. I agree with you that trading requires skills but not all trading is just trading that is something else. If we talk about binary trading, it's pure gambling. You just rely on your luck and you cannot do anything else except wait for it to get closed. When we rely on luck only, this is gambling. Future trading is gambling as well, but you could still say that future trading requires skills and a trader has to do a lot of research before they open the position. I guess the reason behind people call it gambling is because of binary trading.
Binary trading is the same with gambling pure of luckiness when putting our order, but in trading is difference including skill and knowledge will get bigger profitable to earn than gambling just depend on luckiness with our capital loss if wrong prediction. In trading indeed little mistake with prediction some coins we still has chance waiting price recovery and earn much profitable later.
I think Binary trading must removed their trading words because its not like as trading usually, binary pure of luckiness depend and the same with gambling way.

          -  I think you're right about that because, in reality, other exploitative people use that as a front most of the time so they can fool people who don't know anything about this field of the crypto space industry.

I have often seen that they use it before in MLMs (multi-level marketing) just to show that they are still in the trend, but the truth is that you are really just putting money into their binary trading to waste money.

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Re: Trading is not same thing as Gambling
« Reply #159 on: May 30, 2024, 11:38:08 PM »
One cannot understand the difference between gambling and trading until he uses his knowledge in trading because the main dissimilarity between these two is the knowledge. One cannot get success in gambling because no knowledge is present for getting success in gambling but there is a better way known as trading in which you can earn through accurate knowledge.
Indeed. Knowledge is the difference between gambling and trading. In gambling we mostly don't really need knowledge but we need the luck. But in trading, we must have knowledge to be successful. There is no way to succeed if we don't have knowledge because we are impossible to trade properly without knowledge.

In gambling people can succeed based on the luck. But in trading it is impossible. Even the luck is one of the factors of success in trading, knowledge will be the main part of the success. Most of us must be familiar with many advice from everyone in crypto forum that we must prioritize to have good knowledge first when we are newcomers in crypto trading.

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