Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Dr.Bitcoin_Strange on January 04, 2024, 11:35:43 PM
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Most of the time, both online and offline, there has been some argument relating to the title of this thread. Some people think that trading is just based on luck, like the way gambling is basically dependent on how lucky the player can be. In trading, there are some trading tools and parameters that traders use to analyze the market. Despite the fact that the crypto market is quite unpredictable all the time, traders and some market analysts use most of the trading tools to analyze the direction of the market, and that's what gives them the insight to make some predictions that could actually be correct. Some market predictions may not actually be 100%, 90%, or 80% accurate, but in most cases, they could be around 60–70% accurate, and some traders will advise you to make sure you "take profit" where you have met a good sum of profit. It is better to take a profit than to wait for your prediction to actually be 100% of the price you expect to sell.
The crypto market is very dynamic, and despite the fact that crypto enthusiasts cannot actually be 100% accurate about the direction of the market, that doesn't mean that trading should be handled as gambling. As a trader, it's good to keep learning and developing your own personal strategy that can help you win in the market; otherwise, you'll experience more losses than profits.
Also, there are different kinds of trading, such as grid trading, spot trading, forex trading, and futures trading. Those kinds of leveraged trading, such as futures and forex, are a bit more risky than spot trading. Spot trading is what I actually prefer because it is just the normal buying of a coin or token when the price is okay for you, and you can sell after the price spikes a bit and generate little profit for you.
Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
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@Dr.Bitcoin_Strange Your point are just right. Most people do believe that trading is gambling the only scenario trading like gambling is when you don't know what you doing (trading without any proper knowledge). Most newbie thought that trading is all about buying low and selling when the price high they won't bother doing any good research all their aim is looking for coins with high volatility inorder to make quick profits which is wrong and also risky trading not something you just five in without analysing or researching. All you should be concerned on in trading is how to reduce your losses. While gambling depends mainly on pure lucks
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I'm replying according to your post title, I will continue to say it that there's great difference between trading and gambling .
Gambling will always be a false hope while trading is a future analysis on a share, stock or commodities boughted.
There should be a clear difference but I believe the way people compare trading is using only the digital aspects of fiat currency and crypto.
Yes there's still a long magnitude difference range between ,people loose most of their funds in trading because they allow emotions to overcrowd their judgment most especially greediness and once they experience this twice , Boom! they will start some failure comparison ;D
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Really agree with you, trading is not same things as gambling. Both are different things but some people think trading Trading is gambling. Because they have lack of proper knowledge about trading. And they think trading depend on luck only. And they think when price were down they will buy and when price will up then they will sell with some profit. They think it is only trading which depend on luck, if price were high he will profited and when price were down then he will losser. But trading is not too easy for proper trading anyone need proper knowledge about trading. Without proper knowledge about trading it will be seems as gambling. So i will tell Trading and gambling are fully different thing. Trading depend on proper knowledge but gambling depends on only luck.
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- For me, it is not correct to compare gambling with trading. They are very different and have nothing in common. Those who think like this in their minds are gamblers and not traders, because real traders do not have this kind of mindset as individual traders.
Because trading is a skill that can be considered, we can't devote time and effort to learning it in reality. And it is also necessary to understand what will be learned here.
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They are very different and have nothing in common.
Apart from the fact that they both do with prediction. In trading you have to predict the direction of price while in gambling you predict the results you expect from a game. Despite any slit similarities, they both have a wide difference which is not even wise to compare the two. As for those that compare it, they will face loses more than they least expect.
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They are very different and have nothing in common.
Apart from the fact that they both do with prediction. In trading you have to predict the direction of price while in gambling you predict the results you expect from a game. Despite any slit similarities, they both have a wide difference which is not even wise to compare the two. As for those that compare it, they will face loses more than they least expect.
I actually had the same thought about the two activity being the same thing but a friend of mine actually opened my eyes to some insight in the difference between gambling and trading. In his explanation he made me understand that trading has to do computer data that is already saved and their is possible understanding and repetition to these data being the candle sticks reading but gambling is something that one can actually foresee the outcome as there are certain things that can change the whole outcome or results of the games especially when it has to do with sportsbetting.
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Trading needs skill, experience and good management of emotion.
Gambling too. it seems the same... ;D ;D ;D
what's the difference?
What differentiates trading and gambling is the way of analyzing charts, candles, etc.
Learn the project, fundamental, man behind etc.
Gambling is game, Gambling is a game where we don't play analysis, just play luck
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That's right, I think crypto trading is not gambling as they imagine, but in crypto trading we have to study a lot of charts and know more about market movements and even have to look for a lot of information from the coins we buy, with that you will be able to start trading well so that you get big profits... if we don't have the skills in all of that, it's possible that you will suffer losses, because trading crypto is not as easy as imagined, you have to try... it's very different when trading crypto and gambling.
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Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
If someone trades the market blindly, he is definitely gambling. Trading without a trading strategy and risk management is gambling. We are all aware that if we rely just on chance in our trade, we cannot guarantee future profitability. Consider that even a trader with a trading plan and risk management cannot be profitable in his first year of trading; how much more if we rely just on luck. So we should avoid trading if we know we are only gambling to avoid losing money.
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@Dr.Bitcoin_Strange Your point are just right. Most people do believe that trading is gambling the only scenario trading like gambling is when you don't know what you doing (trading without any proper knowledge). Most newbie thought that trading is all about buying low and selling when the price high they won't bother doing any good research all their aim is looking for coins with high volatility inorder to make quick profits which is wrong and also risky trading not something you just five in without analysing or researching. All you should be concerned on in trading is how to reduce your losses. While gambling depends mainly on pure lucks
Weird, for a newbie, I would say this is the most efficient concept to explain what trading is.. If you are saying some newbies think, let me explain what I want to say. Answer we one thing what the purpose of trading any asset, pair (to gain profit obviously), so what is profit buddy profit is the amount to gain on the base investment which means you bought a coin/asset on X (Low) and sold it at Y (High).
Keep it simple trading = buy low sell high and now in the domain of trading there are many things price action, strategies analysis emotions psychology but still all these terms don't withdraw the real purpose which is profit and what profit is I've explained above.
So don't use a shortcut to explain trading to a newbie that trading is not just buying low and selling high and gambling is xyz.. explain what he knows and further explain whatever you want to in (How to Trade ?) because as I said trading is what newbies say (A concluded concept). So when it comes to comparing trading vs gambling I can explain with an example because we all know basically what is trading and gambling with this example we can explain the core concept.
Trading is like driving a car in which we start and end position with in journey we have control brakes, acceleration = our analysis, and blah blah everything.
Gambling is like throwing a ball starting and ending with zero control in the journey a discrete value moves based on input + random output.
Haha Hope so you've got the point of this newbie.
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Sometimes we think that trading = gambling.
That could be true, but it could be inappropriate. It is true and clear that someone who trades is completely without proper preparation regarding trading. Trading is not only about buying and selling but also about some of the analysis needed to make decisions, when not to take a position, when to go Short/Long, how much margin, how to anticipate if the market suddenly changes direction, and so on. It is necessary to have the ability and knowledge to analyze the market and also have various additional tricks in order to avoid or minimize risks in each market condition. And this does have knowledge and must be studied. so don't just put up a position and just surrender, no. There are special efforts on how to minimize risks and optimize profits in trading. And this may be different from gambling, trading is not just based on luck.
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Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
Yes, trading and gambling are different. But it can be the same if we trade with no proper knowledge. In gambling, people expect more on the luck to succeed. Meanwhile in trading, people will try to have enough knowledge to increase the chance for success. We treat trading in a different way, we rely on our knowledge and experience to ear good profits. But in gambling, there is no way to increase the chance for success if we have no luck.
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They are very different and have nothing in common.
Apart from the fact that they both do with prediction. In trading you have to predict the direction of price while in gambling you predict the results you expect from a game. Despite any slit similarities, they both have a wide difference which is not even wise to compare the two. As for those that compare it, they will face loses more than they least expect.
you're right abs they won't be able to grow because they would keep on trading like they are gambling hoping that one day the price would move to their direction though it might but you still having such mindset that trading and gambling are same and not wanting to improve your trading skill, there's are chances that you would still end losing all funds.
Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
If someone trades the market blindly, he is definitely gambling. Trading without a trading strategy and risk management is gambling. We are all aware that if we rely just on chance in our trade, we cannot guarantee future profitability. Consider that even a trader with a trading plan and risk management cannot be profitable in his first year of trading; how much more if we rely just on luck. So we should avoid trading if we know we are only gambling to avoid losing money.
you right, most people do engaged in bling trading. Just buying any coin they see dip without making proper researches most ebdup buying a pump and dump coins and their funds would just endup decreasimg with the funds while some will endup buying coin that was delisted from the particular exchange. So as you're trading always do so to work on your trading skills and risk in trading there's no point you can say am done with learn let's just focus on earning alone (wrong) as you earning keep the learning going so that you would be trading instead of gambling with your trading funds
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Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
Yes, trading and gambling are different. But it can be the same if we trade with no proper knowledge. In gambling, people expect more on the luck to succeed. Meanwhile in trading, people will try to have enough knowledge to increase the chance for success. We treat trading in a different way, we rely on our knowledge and experience to ear good profits. But in gambling, there is no way to increase the chance for success if we have no luck.
A trader who trades on a rational basis takes into account the role of chance, but does not blindly count on luck - but builds a trading system so that a series of chance events ultimately produces a profit. A trader with a gambler’s psychology has a different approach: he trusts his intuition more and hopes to hit the jackpot.
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- For me, it is not correct to compare gambling with trading. They are very different and have nothing in common. Those who think like this in their minds are gamblers and not traders, because real traders do not have this kind of mindset as individual traders.
Because trading is a skill that can be considered, we can't devote time and effort to learning it in reality. And it is also necessary to understand what will be learned here.
Trading and gambling both are different but if we are considering both as same then its our big fault and due to such thoughts people always loss more than they earn. For gambling we just choose to bet but the win or loss is concerned with fortune but such thing does not work in trading therefore keep learning if you want to get profit from trading.
Its a matter of thoughts that are you able to differentiate between gambling and trading or not because your positive thoughts and concept can only make you successful. Trading become more riskier than gambling if one fails to understand it and considering it as a luck based game.
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- For me, it is not correct to compare gambling with trading. They are very different and have nothing in common. Those who think like this in their minds are gamblers and not traders, because real traders do not have this kind of mindset as individual traders.
Because trading is a skill that can be considered, we can't devote time and effort to learning it in reality. And it is also necessary to understand what will be learned here.
Trading and gambling both are different but if we are considering both as same then its our big fault and due to such thoughts people always loss more than they earn. For gambling we just choose to bet but the win or loss is concerned with fortune but such thing does not work in trading therefore keep learning if you want to get profit from trading.
Its a matter of thoughts that are you able to differentiate between gambling and trading or not because your positive thoughts and concept can only make you successful. Trading become more riskier than gambling if one fails to understand it and considering it as a luck based game.
Trading would really be considered as gambling on the time that you wouldn't really be applying any analysis into it or simply making up some trading position with just your gut feeling on which
this is something that you shouldnt really be doing when doing trading. If you do have that kind of approach into your trading activity then it would be better that you should really be doing gambling. You would really be making out those realizations on the time that you've been able to compare about the risks factor in between trading and gambling on which we know that in gambling there's no way that you could be able to apply when it comes to stategies and other correlated aspects. If you do trade for long term then you should really be removing
that gambler like mind.
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There are moments when it is similar, like newbie trading margin or leverage/futures etc, those are like gambling and I sort of understand why they happen. But at the same time I have to say that its not going to be all that easy to handle it all, its going to be quite tough. Hopefully we could get to a point where we could see it move further, it should be something that we could benefit from if people could stop gambling while trading. Long term holding or day trading with some indicator knowledge or chart reading skills, those are not gambling and people should be going towards that a lot more.
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Trading and gambling both are different but if we are considering both as same then its our big fault and due to such thoughts people always loss more than they earn. For gambling we just choose to bet but the win or loss is concerned with fortune but such thing does not work in trading therefore keep learning if you want to get profit from trading.
Yes, basically this is different. However, the problem that we often encounter is how to trade, which is what makes trading more like gambling.
Trading without knowledge and only relying on luck is like gambling.
Trading without good risk management and provisions will also be as risky as gambling.
Trading without wise money management will turn into gambling and can cause losses without any reason.
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If you talk about spot trading then it totally depends on own strategy and it is not like gambling at all but if you talk about future trading then I will tell you future trading is very much like gambling. Futures trading usually gives me the opportunity to trade both long and short and based on leverage I am usually given a loan and we trade with that loan. In this case if we use excess leverage then it can be seen that the level of risk becomes excessive if the market goes up by some amount or if the market goes down by some amount but our money is likely to be lost completely so I consider this high risk trading as gambling.
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Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
If someone trades the market blindly, he is definitely gambling. Trading without a trading strategy and risk management is gambling. We are all aware that if we rely just on chance in our trade, we cannot guarantee future profitability. Consider that even a trader with a trading plan and risk management cannot be profitable in his first year of trading; how much more if we rely just on luck. So we should avoid trading if we know we are only gambling to avoid losing money.
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So as you're trading always do so to work on your trading skills and risk in trading there's no point you can say am done with learn let's just focus on earning alone (wrong) as you earning keep the learning going so that you would be trading instead of gambling with your trading funds
Some traders think that their knowledge is enough when they can manage to make profit in their couple of trades. But trading is not like that, the market will not always do the same way it used to be. Our mindset should be harmonized to the smart money to determined and avoid their possible next move since their aim is to take out our stop-losses. That's why we should always keep on learning and don't be over confident that our strategy will always work, sometimes we have to enhance it to be more effective in the market.
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I just can't help but make a meme on this.
(https://i.postimg.cc/fTZc21Zy/cover.jpg)
I still can't understand why people think that Gambling and Trading are the same thing. Yes, they are somewhat similar tbh but that does not make them the same. In gambling (except for sports betting) everything is based on luck. You can not change your luck based on your skills. You just place your bet amount and push the button. That it. But in trading, you need skills, analysis, strategies etc. And you can control your profit and loss based on your knowledge and experience.
I don't know how people mix up these two.
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I still can't understand why people think that Gambling and Trading are the same thing. Yes, they are somewhat similar tbh but that does not make them the same. In gambling (except for sports betting) everything is based on luck. You can not change your luck based on your skills. You just place your bet amount and push the button. That it. But in trading, you need skills, analysis, strategies etc. And you can control your profit and loss based on your knowledge and experience.
I agre with you, gambling is based on luck. that's all.
But In trading, needs skill, analysis, strategic, management of emotions etc. Trading is need experience and also knowledge about the coins and the projects.We should have good analysis and do research before buy the coins for trading.
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Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
If someone trades the market blindly, he is definitely gambling. Trading without a trading strategy and risk management is gambling. We are all aware that if we rely just on chance in our trade, we cannot guarantee future profitability. Consider that even a trader with a trading plan and risk management cannot be profitable in his first year of trading; how much more if we rely just on luck. So we should avoid trading if we know we are only gambling to avoid losing money.
-snip-
So as you're trading always do so to work on your trading skills and risk in trading there's no point you can say am done with learn let's just focus on earning alone (wrong) as you earning keep the learning going so that you would be trading instead of gambling with your trading funds
Some traders think that their knowledge is enough when they can manage to make profit in their couple of trades. But trading is not like that, the market will not always do the same way it used to be. Our mindset should be harmonized to the smart money to determined and avoid their possible next move since their aim is to take out our stop-losses. That's why we should always keep on learning and don't be over confident that our strategy will always work, sometimes we have to enhance it to be more effective in the market.
you are right having a little knowledge cannot make you to be a successful trader it may only help you at the starting of your trafihg given you a beginner luck profit. Without knowing that trading not something you can control (you can't control the market) or a task you just do and get paid No! Trading takes times to master you always learning from your mistakes shows that you are improving but I'm a scenario you keep on making that same mistakes like letting your emotions to get the best of you always shows that you have not being improving in your trading what skills. So as a trader you got to be determined and ready to learn and more you learn and more you realise that trading is not gambling.
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Trading needs skill, experience and good management of emotion.
Gambling too. it seems the same... ;D ;D ;D
what's the difference?
What differentiates trading and gambling is the way of analyzing charts, candles, etc.
Learn the project, fundamental, man behind etc.
Gambling is game, Gambling is a game where we don't play analysis, just play luck
why not delete you opinion.
"gambling is betting at unfavorable odds."
it is not a game it is taking unnecessary risks where the odds are against you.
Trading can be gambling because you can do it in a wrong manner.
Or it can be profit making if done in a correct manner. ie not gambling.
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"gambling is betting at unfavorable odds."
it is not a game it is taking unnecessary risks where the odds are against you.
Trading can be gambling because you can do it in a wrong manner.
Or it can be profit making if done in a correct manner. ie not gambling.
Some people may learn about trading but losing. Some people will leave trading and see it as gambling. Some people may continue and look for better strategies as some people will continue to lose than make profit. I prefer to post about trading like this because according to many researches, most traders are losing.
Trading is not gambling but we can say they are cousins. Do not mind my example. Trading and gambling are not the same at all. But their risk are almost similar. Although, if done rightly, it is true that the trader will make profit, but it is worth it to let people know that most traders are prone to losses.
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"gambling is betting at unfavorable odds."
it is not a game it is taking unnecessary risks where the odds are against you.
Trading can be gambling because you can do it in a wrong manner.
Or it can be profit making if done in a correct manner. ie not gambling.
Some people may learn about trading but losing. Some people will leave trading and see it as gambling. Some people may continue and look for better strategies as some people will continue to lose than make profit. I prefer to post about trading like this because according to many researches, most traders are losing.
Trading is not gambling but we can say they are cousins. Do not mind my example. Trading and gambling are not the same at all. But their risk are almost similar. Although, if done rightly, it is true that the trader will make profit, but it is worth it to let people know that most traders are prone to losses.
yep because there are fees. So the more rapidly you trade the more you pay in fees.
if you go in to a coin at 100
and set 2 ladders one for sell at
150 sell 20 percent
200 sell 20 percent
250 sell 20 percent
300 sell 20 percent
350 sell 20 percent
and a buy ladder at
80 buy 25 percent
60 buy 25 percent
40 buy 25 percent
20 buy 25 percent
and ignore all of the above for a few months then check results you have already succeeded in making very few trades which takes a lot of the gambling out of the plays.
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yep because there are fees. So the more rapidly you trade the more you pay in fees.
Frankly the fees are sometimes 0.1% which is very less comparing to the profit you can make or at-least you look forward.
If you even have a goal to make 0.5% profit in trades then you are still in profit. But ultimately the exchange loss noting, they earn from your buy and sell both orders LOL. Over time this 0.1% becomes a lot for them but you don't feel it because you are not paying much in each trades. I think it's psychological.
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- For me, it is not correct to compare gambling with trading. They are very different and have nothing in common. Those who think like this in their minds are gamblers and not traders, because real traders do not have this kind of mindset as individual traders.
Because trading is a skill that can be considered, we can't devote time and effort to learning it in reality. And it is also necessary to understand what will be learned here.
Trading and gambling both are different but if we are considering both as same then its our big fault and due to such thoughts people always loss more than they earn. For gambling we just choose to bet but the win or loss is concerned with fortune but such thing does not work in trading therefore keep learning if you want to get profit from trading.
Its a matter of thoughts that are you able to differentiate between gambling and trading or not because your positive thoughts and concept can only make you successful. Trading become more riskier than gambling if one fails to understand it and considering it as a luck based game.
What he said is right; trading and gambling are not the same. Even I, also believe in that concept too. Because if trading and gambling are similar, it should be called a trading casino, not just trading. See the logic?
Very simply, trading can be considered a profession, while gambling is not. If you have extensive knowledge in trading, the chances of you getting a profit are also high, while in gambling, whether you know something or not, you can win a large amount if you are lucky.
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Trading and gambling are completely different although they might have little similarities, because they both involved taking risk but gambling has a chance of winning, hoping for the best because we are just trying our luck but trading is what we do with caution because before we go into it, we will make a decision.
Also gambling is mostly dependent on luck and chances while trading requires more of experience rather than luck and chances.
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Trading is switching coin A and coin Z without having to lose coins (A and Z) but there is an increase and decrease in the value of the coins.
Gambing diverts coin A with the choice we choose, if the guess is correct then we get more than our capital but if the guess is wrong then coin A will be lost.
In the statement that I have written, it can also be seen that trading and gambling are two very different words.
I prefer trading even though the value is not big, but I don't like gambling at all and I stay away from everything about gambling.
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Trading is switching coin A and coin Z without having to lose coins (A and Z) but there is an increase and decrease in the value of the coins.
Gambing diverts coin A with the choice we choose, if the guess is correct then we get more than our capital but if the guess is wrong then coin A will be lost.
In the statement that I have written, it can also be seen that trading and gambling are two very different words.
I prefer trading even though the value is not big, but I don't like gambling at all and I stay away from everything about gambling.
I'm trying to understand your opinion.
In trading we switch two coins A to Z, only the coin will increase or decrease, it's small loss if our prediction will wrong.
Meanwhile, if you are gambling, you choose coin A, if it is wrong then you lose your capital to buy coin A.
If you say two different word, there is no need to discuss it.. ;)
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Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
In the worst-case scenario, trading is worse than gambling. There are a couple of types of trading. Spot trading, leverage trading, forex, and binary trading. I would say only Spot trading is a safer option regarding risk. You have to research the asset you will buy and act accordingly. The risk of losing is minimal if you have picked the right coin.
In comparison, if you do leverage trading or binary trading, then it could be worse than gambling. I have discussed this several times on Bitcointalk. Especially, binary trading is worse than gambling.
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Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
I did not take trading seriously but I gamble often, It is a too different thing but the element of luck is present in both, on luck based games your chances are always on luck no method can be considered to win continuously on sports betting you can analyze the game but it's still 50/50 because there are circumstances where your analysis can fail.
Trading takes time and you need constant monitoring, on gambling you just have to feel the game and hope that things will go your way.
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Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
I did not take trading seriously but I gamble often, It is a too different thing but the element of luck is present in both, on luck based games your chances are always on luck no method can be considered to win continuously on sports betting you can analyze the game but it's still 50/50 because there are circumstances where your analysis can fail.
Trading takes time and you need constant monitoring, on gambling you just have to feel the game and hope that things will go your way.
I never do gambling, because I don't have the skills and good feeling there. I'm just a holder, who buys and holds some potential coins. In my free time, I trade and even though I am not a professional trader.
I agree with you when comparing trading and gambling. Trading requires a lot of time to monitor the market.
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Trading is switching coin A and coin Z without having to lose coins (A and Z) but there is an increase and decrease in the value of the coins.
Gambing diverts coin A with the choice we choose, if the guess is correct then we get more than our capital but if the guess is wrong then coin A will be lost.
In the statement that I have written, it can also be seen that trading and gambling are two very different words.
I prefer trading even though the value is not big, but I don't like gambling at all and I stay away from everything about gambling.
I'm trying to understand your opinion.
In trading we switch two coins A to Z, only the coin will increase or decrease, it's small loss if our prediction will wrong.
Meanwhile, if you are gambling, you choose coin A, if it is wrong then you lose your capital to buy coin A.
If you say two different word, there is no need to discuss it.. ;)
Yeps, that's my opinion about the difference between gambling and trading because these two words also have very different meanings.
But in trading there are also elements that provide the basis for gambling, such as Future, Margin and Option trading (after I saw this feature on Binance).
More precisely, I don't really understand Future, Margin and Option trading because I don't trade on Binance very often and I'm also not an expert in trading.
But indirectly, Future, Margin and Option trading on Binance is like loan trading but there is a limit on losses or profits and if the loss is large then Binance immediately takes our assets because it is not strong enough to hold our loan funds.
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Gambling and trading are two different things and the context of the two is completely different. Money has to be invested in business and money can be earned by doing business in the right way in which there is no chance of losing money or capital completely. Gambling, on the other hand, is largely based on luck, where if I bet on a certain thing, the thing is that either my capital will not be lost or some amount of profit will come with the return of the capital. One wrong gamble is enough to lose the entire money. Where you are earning money with hard work you can lose it in moments by gambling. I am a gambler as well as a trader but I try to do both very responsibly so as not to put my money at excessive risk.
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Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
I did not take trading seriously but I gamble often, It is a too different thing but the element of luck is present in both, on luck based games your chances are always on luck no method can be considered to win continuously on sports betting you can analyze the game but it's still 50/50 because there are circumstances where your analysis can fail.
Trading takes time and you need constant monitoring, on gambling you just have to feel the game and hope that things will go your way.
- So you mean that luck also exists in trading, whether forex or cryptocurrency? Is that right? Maybe in other cases, what you say can happen, mate. It's like if you're just a beginner and suddenly the crypto you bought is pumped. But it can still be said that you take a risk for it even if you have no knowledge of crypto.
But as you said, gambling is really different from trading in reality. Because of trading, it uses technical and fundamental analysis, and it cannot be owned by those who do not have an idea or understanding of this trading.
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Gambling and trading are two different things and the context of the two is completely different. Money has to be invested in business and money can be earned by doing business in the right way in which there is no chance of losing money or capital completely. Gambling, on the other hand, is largely based on luck, where if I bet on a certain thing, the thing is that either my capital will not be lost or some amount of profit will come with the return of the capital. One wrong gamble is enough to lose the entire money. Where you are earning money with hard work you can lose it in moments by gambling. I am a gambler as well as a trader but I try to do both very responsibly so as not to put my money at excessive risk.
Totally different thing on which we know that trading could really lead into further money making opportunity or could really be making as an income source if you have done it well.Whereas, this thing cant really be that possible when dealing up with gambling even if we do say we are dealing on something strategic like sports betting and card games. We've been hearing off that there are
gamblers who do make it as a living on which we cant really be able to prove it out but pretty sure it would really be something that should really be avoided in the first place.
We do know on how risky gambling is and how its advisable on keeping the risks as minimal as possible.
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Well, what I can think about this is that the tradition will Always have logical bases, of analysis, both technical and fundamental, that is something that we must see and feel that it is good, on a personal level I have always said that Trading is based on What we know and the decisions we make are the ones that will make us win or lose, and sometimes they have the logical part and very little given to luck, but it cannot be ruled out, in Reality gambling is just having luck , of course when They play things like ruleta, crash, slots, all this makes a difference, and yes, it has a lot to do with luck, although sometimes the strategies do work, but the strategies do not imply that they are or represent almost a whole.
For the things that we are currently Seeing, it is not good to bet on trading or make strategies in gambling as in trading, for me things have to go further , each thing has to be known how to do.
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Totally different thing on which we know that trading could really lead into further money making opportunity or could really be making as an income source if you have done it well.Whereas, this thing cant really be that possible when dealing up with gambling even if we do say we are dealing on something strategic like sports betting and card games. We've been hearing off that there are
gamblers who do make it as a living on which we cant really be able to prove it out but pretty sure it would really be something that should really be avoided in the first place.
We do know on how risky gambling is and how its advisable on keeping the risks as minimal as possible.
Gambling and trading cryptocurrency are of course very different activities. In trading, you only need to buy and sell assets when you feel you have made enough profits, but when gambling, your assets will disappear instantly if you make the wrong decision. encounter in gambling will certainly get bigger and very dangerous.
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Topics like this are widely discussed not only in crypto forums but also on social media and in telegram groups. Those who lose in trading and are frustrated with trading sometimes blame trading and say trading is gambling. However, trading is trading and gambling is gambling. they are two different things. We can analyze trading carefully and it is even very easy to make a profit if we understand fundamental analysis. This is different from gambling where everything is just based on luck. because there is no way to analyze like trading. There is only speculation without fundamentals.
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Gambling and trading cryptocurrency are of course very different activities. In trading, you only need to buy and sell assets when you feel you have made enough profits, but when gambling, your assets will disappear instantly if you make the wrong decision. encounter in gambling will certainly get bigger and very dangerous.
What you say is completely true, but some trades such as Binary Options trading can be said to be gambling under the guise of trading because it is just a price guess, there is no asset you hold, you just need to bet with your money and if you predict wrong then your money will be lost.
But of course gambling will be very different from Spot trading, Futures trading or forex trading, because we still have a number of assets that we hold as a form of trading that is done.
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Gambling and trading cryptocurrency are of course very different activities. In trading, you only need to buy and sell assets when you feel you have made enough profits, but when gambling, your assets will disappear instantly if you make the wrong decision. encounter in gambling will certainly get bigger and very dangerous.
Of course, gambling and trading are very different. Gambling should be more dangerous because it has no guarantee at all, purely relies on the luck. While in trading, the knowledge and experience can increase the chance to get profits. We can trade in a more secure way if we have good knowledge and experience, it is because we will choose a proper strategy to use.
In my opinion, gambling and trading aren't comparable because the factors to succeed are too different. They only have the similarity in the result, that the goals of those activities are to earn money. :D
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In the statement that I have written, it can also be seen that trading and gambling are two very different words.
I prefer trading even though the value is not big, but I don't like gambling at all and I stay away from everything about gambling.
Simply put, trading uses technical and fundamental analysis, strategy, and risk and emotional management on pairs in a dynamically moving market. Meanwhile, gambling is when someone puts their money into one thing with the hope that they will be able to get money from that thing. So trading and gambling are two different things, even though the aim of both things is to make money.
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Simply put, trading uses technical and fundamental analysis, strategy, and risk and emotional management on pairs in a dynamically moving market. Meanwhile, gambling is when someone puts their money into one thing with the hope that they will be able to get money from that thing. So trading and gambling are two different things, even though the aim of both things is to make money.
When we trade, we need complex knowledge. That's why we must have the ability in analyzing of the fundamentals, charts, and we must have the ability to control our mentality. But in gambling, we don't really rely on the knowledge about analyzing the fundamentals or charts. We just need to control emotion and know how to limit the budget. However, both trading and gambling have the same risks, it is about the chance for losing money. ;D
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In the statement that I have written, it can also be seen that trading and gambling are two very different words.
I prefer trading even though the value is not big, but I don't like gambling at all and I stay away from everything about gambling.
Simply put, trading uses technical and fundamental analysis, strategy, and risk and emotional management on pairs in a dynamically moving market. Meanwhile, gambling is when someone puts their money into one thing with the hope that they will be able to get money from that thing. So trading and gambling are two different things, even though the aim of both things is to make money.
What you say is interesting because in particular I am a person who has always seen trading as a deep study of stocks and that can give very good results if proposed, I am also one to do the fundamental analysis first because that is where I encompass my knowledge that I have about the world, the things that are Happening and that helps me try to Predict the things that can happen, but in another order of ideas things can be different because they basically happen if I choose that it could be done alone Technical analysis with the Wykoff method and fundamental analysis, helping me with what the great Jesse Livermore thought, who was one of the great explorers of the years 1800-1900.
But everything that is and how you can analyze the market is great for me, because they are a way to see the market in a different way and that is the enrichment of this, the more we know about the market I think it translates into more entry of money.
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When we trade, we need complex knowledge. That's why we must have the ability in analyzing of the fundamentals, charts, and we must have the ability to control our mentality. But in gambling, we don't really rely on the knowledge about analyzing the fundamentals or charts. We just need to control emotion and know how to limit the budget. However, both trading and gambling have the same risks, it is about the chance for losing money. ;D
The main thing here is knowledge if you have knowledge and are able to read price chart and work according to it and also you know that which time is better to do a trade then you can get success but if you don't know anything and have a zero knowledge then it means that you does not posses the ability to differentiate between gambling and trading.
The better thing to reduces your losses in both gambling and trading is that don't be too conscious about your loss and forget what has been done in the past. Fix few days for it and don't use too much money in trading and gambling as they can destroy you because in trading you cannot be successful without knowledge and gambling will not allow you to be successful always as it is a game of luck.
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I agree that trading is significantly different as compared to gambling. While both involve risk, yes, trading uses analytical tools and market indicators to make informed decisions, which provides a structured approach to forecasting market movements. Gambling does not have this degree of predictability and strategic planning, so on that basis alone its completely different. Trading depends heavily on a trader a skills and strategy rather than just luck. So I completely agree with you on that front.
I guess it's worth mentioning what type of trading we are talking about. Because there are a lot of trading these days. All the facts you stated are true when it comes to crypto currency trading (spot) and forex trading. But, when it comes to binary trading, it is worse than gambling. I have lost over a hundred dollars a week ago because I am stupid enough that I become interested again to try these scammy binary trading.
If you would like to discuss this further, you can contact me via my Discord:
This is public forum and we love to discuss these thing with each other so everyone can learn new things. I do not understand the point of asking a member to contact in private to discuss trading related things. This does not look good. You know what I mean.
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Actually, it's not the same. But as most members here say, it can be the same because of the various actions of the traders. Because trading is equally high risk, it requires very mature and mental preparedness. So we also have to start understanding what we have to do in trading so that it doesn't refer to gambling, including how we can anticipate markets that change at any time.
And of course this may be different from gambling. It might be much better if you carry out trading but really with a concept and well managed and also with sufficient competence. This will show that we are different from gamblers, more than just relying on luck.
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Simply put, trading uses technical and fundamental analysis, strategy, and risk and emotional management on pairs in a dynamically moving market. Meanwhile, gambling is when someone puts their money into one thing with the hope that they will be able to get money from that thing. So trading and gambling are two different things, even though the aim of both things is to make money.
When we trade, we need complex knowledge. That's why we must have the ability in analyzing of the fundamentals, charts, and we must have the ability to control our mentality. But in gambling, we don't really rely on the knowledge about analyzing the fundamentals or charts. We just need to control emotion and know how to limit the budget. However, both trading and gambling have the same risks, it is about the chance for losing money. ;D
- That is correct mate, in trading there is a lot to consider and do before we have extensive knowledge about it, and besides that it is normal that there is risk in doing it. But this does not mean that it has a similarity to gambling, of course it is not like that.
Because we don't do trading just to play, but we treat this like a profession, skills, just like to have a job, well actually it is a job where we can be able to get profit via trading concept here in the crypto space.
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Simply put, trading uses technical and fundamental analysis, strategy, and risk and emotional management on pairs in a dynamically moving market. Meanwhile, gambling is when someone puts their money into one thing with the hope that they will be able to get money from that thing. So trading and gambling are two different things, even though the aim of both things is to make money.
When we trade, we need complex knowledge. That's why we must have the ability in analyzing of the fundamentals, charts, and we must have the ability to control our mentality. But in gambling, we don't really rely on the knowledge about analyzing the fundamentals or charts. We just need to control emotion and know how to limit the budget. However, both trading and gambling have the same risks, it is about the chance for losing money. ;D
yeah, you're right. trading needs knowledge, good analysis, and how to control emotions. it takes a long experience to become a trader. And also the ability to manage profits and losses that will occur. I am not a gambler, I only know gambling is a gamble without the need for experience and knowledge like trading
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yeah, you're right. trading needs knowledge, good analysis, and how to control emotions. it takes a long experience to become a trader. And also the ability to manage profits and losses that will occur. I am not a gambler, I only know gambling is a gamble without the need for experience and knowledge like trading
But some people rely on their trading boss. They wait for signals to open a position and wait for their boss to give another signal about when to close their position. People always like to make money and they find a quick way to make money. This is why they look for signals and do not want to learn how to trade. This is one of the reasons people consider trade as gambling. Yes, it's gambling for those people who do not know how to trade. If you are opening position without knowing how it works, it is pure gambling. Isn't it?
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Most of the time, both online and offline, there has been some argument relating to the title of this thread. Some people think that trading is just based on luck, like the way gambling is basically dependent on how lucky the player can be. In trading, there are some trading tools and parameters that traders use to analyze the market. Despite the fact that the crypto market is quite unpredictable all the time, traders and some market analysts use most of the trading tools to analyze the direction of the market, and that's what gives them the insight to make some predictions that could actually be correct. Some market predictions may not actually be 100%, 90%, or 80% accurate, but in most cases, they could be around 60–70% accurate, and some traders will advise you to make sure you "take profit" where you have met a good sum of profit. It is better to take a profit than to wait for your prediction to actually be 100% of the price you expect to sell.
The crypto market is very dynamic, and despite the fact that crypto enthusiasts cannot actually be 100% accurate about the direction of the market, that doesn't mean that trading should be handled as gambling. As a trader, it's good to keep learning and developing your own personal strategy that can help you win in the market; otherwise, you'll experience more losses than profits.
Also, there are different kinds of trading, such as grid trading, spot trading, forex trading, and futures trading. Those kinds of leveraged trading, such as futures and forex, are a bit more risky than spot trading. Spot trading is what I actually prefer because it is just the normal buying of a coin or token when the price is okay for you, and you can sell after the price spikes a bit and generate little profit for you.
Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
There is a big difference between trading and gambling
1) trading involves risk management whereas gambling isn't
2) trading is based on analysis, fundamental and technical analysis whereas gambling isn't.
3) trading is based on take profits and stop losses whereas gambling isn't.
4) trading is about trends, directions and strategies whereas gambling isn't.
5) trading is about stocks,shares, crypto currencies whereby gambling isn't.
These are few points of mine about trading and gambling.
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People tend to confuse between trading and gambling. They are two different things entirely, in trading experience and equipments to analyze the market before traditional is required and when you have all the requirements then you can make profits more than gain. While gambling is based on luck, it is 50-50 either ,ou win or you loose .
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People tend to confuse between trading and gambling. They are two different things entirely, in trading experience and equipments to analyze the market before traditional is required and when you have all the requirements then you can make profits more than gain. While gambling is based on luck, it is 50-50 either ,ou win or you loose .
I think trading and gambling have very clear differences, trading is basically buying and after that waiting for the price to rise then selling if you want to make a profit, whereas for gambling you have to guess something that is not certain to be true. If you guess wrong then your capital use will disappear instantly.
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People tend to confuse between trading and gambling. They are two different things entirely, in trading experience and equipments to analyze the market before traditional is required and when you have all the requirements then you can make profits more than gain. While gambling is based on luck, it is 50-50 either ,ou win or you loose .
I think trading and gambling have very clear differences, trading is basically buying and after that waiting for the price to rise then selling if you want to make a profit, whereas for gambling you have to guess something that is not certain to be true. If you guess wrong then your capital use will disappear instantly.
That's why, and that's what I'm thinking too, dude. There are even others who consider gambling to be an investment. When I read that, it made me wonder how gambling became an investment if the only thing you do as a gambler is to bet on a casino game.
Whereas trading can really be considered an investment because you don't have to use the funds you entered to equalize it in a game, instead you buy and then wait for the price to rise to what you want so that you have the profit you want to get, gambling is not like that.
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I don't directly compare trading with gambling because in gambling there is no possibility of loss recovery but in trading there is definitely possibility of loss recovery. But there is a lot in common in both cases, both trading and gambling have uncertain chances and you can never guarantee profit. Trading should never be over-emotional and greedy. Similarly, gambling should not be over-emotional.
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I don't directly compare trading with gambling because in gambling there is no possibility of loss recovery but in trading there is definitely possibility of loss recovery. But there is a lot in common in both cases, both trading and gambling have uncertain chances and you can never guarantee profit. Trading should never be over-emotional and greedy. Similarly, gambling should not be over-emotional.
You are right, besides that in commerce things are more the responsibility of our thinking and acting wisely choosing the movements of the market and if we make a mistake it is entirely our fault and not by chance, although sometimes the random part of gambling can happen. compare with market volatility, but basically in the crypto market, and like Bitcoin, our decisions have a lot to do with what we win or lose, for that reason when playing in a casino any type of game is related such as roulette, slots , since it is focused on luck and strategy it does have a weight, but it is the luck factor.
Furthermore, trading like gamling is something that is not recommended, you have to make movements very well calculated and with a lot of logic, not in the game, we can play very well with all the logic in the world, but you can still lose .
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I don't directly compare trading with gambling because in gambling there is no possibility of loss recovery but in trading there is definitely possibility of loss recovery.
Both in gambling and trading, there is possibility of loss recovery. In trading, using low leverage or trading in the spot market and using a good coin to trade like bitcoin makes the possibility of profit and unrealized loss recovery to be high, but in gambling the possibility to recover back loss is low. Be it high or low, there is still possibility of loss recovery in both.
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I don't directly compare trading with gambling because in gambling there is no possibility of loss recovery but in trading there is definitely possibility of loss recovery.
Both in gambling and trading, there is possibility of loss recovery. In trading, using low leverage or trading in the spot market and using a good coin to trade like bitcoin makes the possibility of profit and unrealized loss recovery to be high, but in gambling the possibility to recover back loss is low. Be it high or low, there is still possibility of loss recovery in both.
In trading you think you bought bitcoins and immediately the market went down instead of going up. If you wait to pump after the market is dumping, you can be sure that the market will recover at some point in your trading.
But in case of gambling you bet on a football match and you lose the bet you can never recover your bet dollar amount after losing but you have to bet again to recover the previous bet money.
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In trading you think you bought bitcoins and immediately the market went down instead of going up. If you wait to pump after the market is dumping, you can be sure that the market will recover at some point in your trading.
But in case of gambling you bet on a football match and you lose the bet you can never recover your bet dollar amount after losing but you have to bet again to recover the previous bet money.
Trading is not as easy as this. Some people will say if they do not make profit, that they will not sell. If not selling for a long time, did you know that is becoming holding? Also in comparison, what is similar to trading like it is in forex is future trading in crypto. How it works and the leverage people are using will not make them wait for long and hold but do the real trading with stop lose and take profit set while they open a position. Know that there are many traders that are trading not just bitcoin but also trading shit coins. What you think as unrealized loss will be a realized loss for them as they can close a position at anytime to avoid more losses.
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In trading you think you bought bitcoins and immediately the market went down instead of going up. If you wait to pump after the market is dumping, you can be sure that the market will recover at some point in your trading.
But in case of gambling you bet on a football match and you lose the bet you can never recover your bet dollar amount after losing but you have to bet again to recover the previous bet money.
Trading is not as easy as this. Some people will say if they do not make profit, that they will not sell. If not selling for a long time, did you know that is becoming holding? Also in comparison, what is similar to trading like it is in forex is future trading in crypto. How it works and the leverage people are using will not make them wait for long and hold but do the real trading with stop lose and take profit set while they open a position. Know that there are many traders that are trading not just bitcoin but also trading shit coins. What you think as unrealized loss will be a realized loss for them as they can close a position at anytime to avoid more losses.
Dont get yourself that being hyped up on the time that you would really be able to see someones trades on which you are really that even trying out to believe that it is really just that too easy
for you to deal with.On the time that you would really be making out such approach on which you do tend to deal up with trading with having that rush engagement then you are really that making it as a gambling. Trading isnt something that a skill that you could really be able to learn in a short period of time on which it would be needing up that proper
approach and learning on things because you wouldnt really be able to make yourself that sustain if you would behaving on this way.
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I don't directly compare trading with gambling because in gambling there is no possibility of loss recovery but in trading there is definitely possibility of loss recovery.
Both in gambling and trading, there is possibility of loss recovery. In trading, using low leverage or trading in the spot market and using a good coin to trade like bitcoin makes the possibility of profit and unrealized loss recovery to be high, but in gambling the possibility to recover back loss is low. Be it high or low, there is still possibility of loss recovery in both.
- What you say is true. We all know that in trading we can earn and we can also lose, but the loss can still be recovered through the skills of understanding that we have in trading. Because if we don't know anything about trading, everything will just end in losses.
Unlike gambling, it is not the same as trading, because in gambling, we only gamble the money that we bet with no certainty that we will get a profit in the end.
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Dont get yourself that being hyped up on the time that you would really be able to see someones trades on which you are really that even trying out to believe that it is really just that too easy
for you to deal with.On the time that you would really be making out such approach on which you do tend to deal up with trading with having that rush engagement then you are really that making it as a gambling. Trading isnt something that a skill that you could really be able to learn in a short period of time on which it would be needing up that proper
approach and learning on things because you wouldnt really be able to make yourself that sustain if you would behaving on this way.
Agree with what you said, trading is not an easy thing, it takes a long time to learn. because it requires experience and accurate analysis in predicting the market. If trading was easy then the majority of investors would choose trading, whereas we know that most choose to be holders
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Agree with what you said, trading is not an easy thing, it takes a long time to learn. because it requires experience and accurate analysis in predicting the market. If trading was easy then the majority of investors would choose trading, whereas we know that most choose to be holders
Trading carried out has very high risks, as you have said, trading requires experience and analysis, but there is still something you have not mentioned, the most important thing is to manage emotional conditions so that you are not easily influenced by the conditions of the exchange location. Sometimes, when you have done a good analysis, you still lose when you can't control your emotions to enter cryptocurrency well.
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Agree with what you said, trading is not an easy thing, it takes a long time to learn. because it requires experience and accurate analysis in predicting the market. If trading was easy then the majority of investors would choose trading, whereas we know that most choose to be holders
Trading carried out has very high risks, as you have said, trading requires experience and analysis, but there is still something you have not mentioned, the most important thing is to manage emotional conditions so that you are not easily influenced by the conditions of the exchange location. Sometimes, when you have done a good analysis, you still lose when you can't control your emotions to enter cryptocurrency well.
Exactly, emotions and patience are very important keys to success when you want to trade. The very fluctuating conditions of exchange places sometimes have an impact on people who are often unable to determine the right price to enter and exit with the profits they have obtained.
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I don't directly compare trading with gambling because in gambling there is no possibility of loss recovery but in trading there is definitely possibility of loss recovery.
Both in gambling and trading, there is possibility of loss recovery. In trading, using low leverage or trading in the spot market and using a good coin to trade like bitcoin makes the possibility of profit and unrealized loss recovery to be high, but in gambling the possibility to recover back loss is low. Be it high or low, there is still possibility of loss recovery in both.
Gambling or trading are two different things and the context is different. Although futures trading is somewhat compared to gambling, it means trading but not futures training. We always say that futures trading is always risky and it is a lot like gambling. Just like in gambling you can lose money in a moment, in futures trading you can lose money at any time, but the risk in futures trading is much less than in gambling. In futures trading a trader gets enough time to protect his money from losing money if the person has enough money. Although there are such benefits in futures trading, there is no such opportunity in gambling, so we can never match business with gambling.
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Trading is something different from gambling, but we can be making it appears as if we are gambling under the kinds of trades that we make, but we should not forget that they are not the same and cannot, if we are into trade and we understand how to trade, then the level of risk we are going to be exposed to will be minimal because we know the direction at which the market in going to an extent if we give it time speculating, gambling is something completely different because its all abut having fun and entertainments.
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then the level of risk we are going to be exposed to will be minimal because we know the direction at which the market in going to an extent if we give it time speculating
No excellent indicator or perfect tool that can 100% let you know the direction that the market price of a coin is going. The lesser the duration of time, the less accurate will be your indicator or tool used for it. The only time that you can get it right perfectly is if you are a holder and if you are patient. Traders needs other strategies to make profit than loss.
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Trading is something different from gambling, but we can be making it appears as if we are gambling under the kinds of trades that we make, but we should not forget that they are not the same and cannot, if we are into trade and we understand how to trade, then the level of risk we are going to be exposed to will be minimal because we know the direction at which the market in going to an extent if we give it time speculating, gambling is something completely different because its all abut having fun and entertainments.
The only time I can say that gambling and trading is the same is when you involved yourself in future trading, with high leverage you are doing more than betting because you are betting against another person through a contract which means that you are having a predicted price of movement of a coin. If it favour's you, fine and it's doesn't favour you that means your money is gone.
However, if you use leverage of 2x in a trade, it's always difficult to get liquidated when trading, it's more like you are doing spot trading or margin trading which has a minimal risk as compared to futures.
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Dont get yourself that being hyped up on the time that you would really be able to see someones trades on which you are really that even trying out to believe that it is really just that too easy
for you to deal with.On the time that you would really be making out such approach on which you do tend to deal up with trading with having that rush engagement then you are really that making it as a gambling. Trading isnt something that a skill that you could really be able to learn in a short period of time on which it would be needing up that proper
approach and learning on things because you wouldnt really be able to make yourself that sustain if you would behaving on this way.
Agree with what you said, trading is not an easy thing, it takes a long time to learn. because it requires experience and accurate analysis in predicting the market. If trading was easy then the majority of investors would choose trading, whereas we know that most choose to be holders
You would really be ending up on being a holder once you have been able to bought on the peak but if you are someone whose really that holding for long term then it wont be an issue.
Trading could really be only a gambling if you wont really be applying an analysis through it but if you do apply it out then it isnt on gambling approach on which as it should be.
You would really be able to find for yourself on the time that you have put up your foot into this industry on which this isnt really needing up some intuition kind of approach
or with just some gut feeling.
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I don't directly compare trading with gambling because in gambling there is no possibility of loss recovery but in trading there is definitely possibility of loss recovery.
Both in gambling and trading, there is possibility of loss recovery. In trading, using low leverage or trading in the spot market and using a good coin to trade like bitcoin makes the possibility of profit and unrealized loss recovery to be high, but in gambling the possibility to recover back loss is low. Be it high or low, there is still possibility of loss recovery in both.
They both have similar features. Gambling is based on luck, but trading is not based on luck, only new traders that jump into trading with have any knowledge of it, that can be lucky to make profit at the first start. Trading can be learnt and you can become a professional trader, but no one can become a professional gambler. However, being a professional trader does not mean that you will not run at great loss when you make the wrong move. They both mess with our emotions.
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They both have similar features. Gambling is based on luck, but trading is not based on luck, only new traders that jump into trading with have any knowledge of it, that can be lucky to make profit at the first start. Trading can be learnt and you can become a professional trader, but no one can become a professional gambler. However, being a professional trader does not mean that you will not run at great loss when you make the wrong move. They both mess with our emotions.
You are right, there are no professional gamblers, but professional traders. Even though they both have the same profession. Trading requires analysis, knowledge and experience to be able to predict prices accurately. Meanwhile, a gambler only relies on luck. I chose to be a trader rather than a gambler.
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Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
I completely agree...
Investing in crypto assets is not considered gambling if done correctly.
Crypto trading is the same as traditional markets in general, namely relying on technical and fundamental analysis.
Investors use strategies and approaches based on data analysis, and accurate information, following their financial goals and risk tolerance.
But unfortunately, some people prefer to buy shitcoins, hoping that the price will rise 1000% and hope to get rich overnight. They behave like gamblers.
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Investing in crypto assets is not considered gambling if done correctly.
Crypto trading is the same as traditional markets in general, namely relying on technical and fundamental analysis.
Investors use strategies and approaches based on data analysis, and accurate information, following their financial goals and risk tolerance.
But unfortunately, some people prefer to buy shitcoins, hoping that the price will rise 1000% and hope to get rich overnight. They behave like gamblers.
People who compare trading with gambling either don't know everything or they refer to a specific part of trading as having a resemblance with gambling because that is true, if we look at investors that invest their money in meme coins and shitcoins as you said, or those who make investments without conducting any research or analyzing the cryptocurrencies they are investing in are basically gambling with their money.
However, someone with enough knowledge would know that trading and gambling are completely different things because gambling is completely based on luck whereas trading requires knowledge and skills for one to be able to earn money.
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Trading needs skill, experience and good management of emotion.
Gambling too. it seems the same... ;D ;D ;D
what's the difference?
What differentiates trading and gambling is the way of analyzing charts, candles, etc.
Learn the project, fundamental, man behind etc.
Gambling is game, Gambling is a game where we don't play analysis, just play luck
This is an excellent analysis. When we trade, we make many rational assessments and we come to a conclusion. When we gamble, we also make some rational assessments, especially in sports competitions, but in the end it is luck that makes us winners. A person who buys Bitcoin today, even if it is close to the ATH level, can make a lot of money in 10 years, but a person who bets to make money today and in the next 10 years is always very close to losing all of his money. I don't think gambling is an activity that fulfills the purpose of making money. That's why it's a big mistake to even compare it with trading.
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Most of the time, both online and offline, there has been some argument relating to the title of this thread. Some people think that trading is just based on luck, like the way gambling is basically dependent on how lucky the player can be. In trading, there are some trading tools and parameters that traders use to analyze the market. Despite the fact that the crypto market is quite unpredictable all the time, traders and some market analysts use most of the trading tools to analyze the direction of the market, and that's what gives them the insight to make some predictions that could actually be correct. Some market predictions may not actually be 100%, 90%, or 80% accurate, but in most cases, they could be around 60–70% accurate, and some traders will advise you to make sure you "take profit" where you have met a good sum of profit. It is better to take a profit than to wait for your prediction to actually be 100% of the price you expect to sell.
The crypto market is very dynamic, and despite the fact that crypto enthusiasts cannot actually be 100% accurate about the direction of the market, that doesn't mean that trading should be handled as gambling. As a trader, it's good to keep learning and developing your own personal strategy that can help you win in the market; otherwise, you'll experience more losses than profits.
Also, there are different kinds of trading, such as grid trading, spot trading, forex trading, and futures trading. Those kinds of leveraged trading, such as futures and forex, are a bit more risky than spot trading. Spot trading is what I actually prefer because it is just the normal buying of a coin or token when the price is okay for you, and you can sell after the price spikes a bit and generate little profit for you.
Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
You are absolutely right, they both in risk taking but are different activities. Gambling is a game of chance where you getting the opportunity to win , while trading is a skill that requires your understanding and strategy to carry out. Both are Interesting, trading is a long term success than gambling.its very important to learn develop and focus on skills base then luck .
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You are right, there are no professional gamblers, but professional traders. Even though they both have the same profession. Trading requires analysis, knowledge and experience to be able to predict prices accurately. Meanwhile, a gambler only relies on luck. I chose to be a trader rather than a gambler.
Professionalism is not what that matters. What that matters is to know that both gambling and trading are very risky. They are not the same but they are very risky. Someone can begin to trade and be losing. Grow in experience and still be losing. You can not profit from the price accurately and that makes trading to be more than that. Patience is required in trading. Example of the patience is having $500 to trade but starting with $100 which is less than 1x leverage and later increase the money if the market go against your direction. Also not to be greedy. This are used to support the technical analysis.
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Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
I completely agree...
Investing in crypto assets is not considered gambling if done correctly.
Crypto trading is the same as traditional markets in general, namely relying on technical and fundamental analysis.
Investors use strategies and approaches based on data analysis, and accurate information, following their financial goals and risk tolerance.
But unfortunately, some people prefer to buy shitcoins, hoping that the price will rise 1000% and hope to get rich overnight. They behave like gamblers.
When you think that it looks like I will make money because it is noticed that if the increase continues, for sure you will lose in trading, Because you are only predicting your trading, you must have an understanding so that you can make a correct technical analysis.
If that is the only basis for a trader, he is not a trader who can be considered a gambler instead. That is not the concept of trading in the crypto space.
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They both have similar features. Gambling is based on luck, but trading is not based on luck, only new traders that jump into trading with have any knowledge of it, that can be lucky to make profit at the first start. Trading can be learnt and you can become a professional trader, but no one can become a professional gambler. However, being a professional trader does not mean that you will not run at great loss when you make the wrong move. They both mess with our emotions.
You are right, there are no professional gamblers, but professional traders. Even though they both have the same profession. Trading requires analysis, knowledge and experience to be able to predict prices accurately. Meanwhile, a gambler only relies on luck. I chose to be a trader rather than a gambler.
A professional trader gains enough skill in his trade that he can fully utilize his skill in his trade but a gambler cannot fully utilize his skill no matter how much he gambles because gambling does not depend on complete skill. Gambling doesn't depend entirely on skill it depends a lot on luck so no matter how much you gamble and win you have to sit on your luck. But in business you will be more likely to succeed if you rely on your business skills rather than luck. Since trading is not dependent on luck, we must rely on our own skill rather than gambling.
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A professional trader gains enough skill in his trade that he can fully utilize his skill in his trade but a gambler cannot fully utilize his skill no matter how much he gambles because gambling does not depend on complete skill. Gambling doesn't depend entirely on skill it depends a lot on luck so no matter how much you gamble and win you have to sit on your luck. But in business you will be more likely to succeed if you rely on your business skills rather than luck. Since trading is not dependent on luck, we must rely on our own skill rather than gambling.
I also see that a gambler only relies on luck, while a professional trader will rely on skill, knowledge and experience. A trader takes a long time to develop skills because he needs to focus and have almost accurate analysis and predictions, said several members here. And it also requires sacrifice, because we will definitely experience losses in trading.
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I also see that a gambler only relies on luck, while a professional trader will rely on skill, knowledge and experience. A trader takes a long time to develop skills because he needs to focus and have almost accurate analysis and predictions, said several members here. And it also requires sacrifice, because we will definitely experience losses in trading.
Gamblers and traders have almost the same needs because if you look at sports betting then you must have knowledge of the team you want to choose, the experience they have had, of course it requires an analysis of the health condition of that team, so that we can help determine this team has potential win or not. Likewise for traders who have to do what you have mentioned above.
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Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
how can it be said to be gambling, we target the highest price we want instead of guessing the price, and we have chosen which coins we will invest in and then buy and sell,
So I think trading is not gambling, because clearly we carry out the process of buying and selling on the stock exchange, not putting our money on false hopes.
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You are absolutely right, they both in risk taking but are different activities. Gambling is a game of chance where you getting the opportunity to win , while trading is a skill that requires your understanding and strategy to carry out. Both are Interesting, trading is a long term success than gambling.its very important to learn develop and focus on skills base then luck .
I think gambling and trading both require skills, if you don't have skills you can't win in gambling irrespective of whether it's a casino game or sportsbets and you can't win in trading if you don't have the skills of trading, you need to understand fundamental of a coin and technical aspect of a coin to succeed as a trader.
However, the key difference here is that gambling loss is a disaster in a such a way that you can't minimize your loss, ones you loss everything is over, you have to use another money to gamble again but a trader can have loss and if th coin is not a shit coin, the loss will not take away his money completely like gambling and another adventage of trading is that you can hold if you have a loss as a that loss is unrealized one as long as you don't sell.
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how can it be said to be gambling, we target the highest price we want instead of guessing the price, and we have chosen which coins we will invest in and then buy and sell,
So I think trading is not gambling, because clearly we carry out the process of buying and selling on the stock exchange, not putting our money on false hopes.
That's right, when you have bought coins, we aim to open a sell order at the highest price so that profits are maximized, but have you forgotten that there are several trading methods that are often found on several large exchanges, such as the Binance exchange. Future Trading, is this method the same as the one you mentioned above? From my point of view, these two methods have very clear differences and if measured from a risk scale, Future Trading has a higher risk than trading as usual.
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That's right, when you have bought coins, we aim to open a sell order at the highest price so that profits are maximized, but have you forgotten that there are several trading methods that are often found on several large exchanges, such as the Binance exchange. Future Trading, is this method the same as the one you mentioned above? From my point of view, these two methods have very clear differences and if measured from a risk scale, Future Trading has a higher risk than trading as usual.
Trading is indeed different from gambling. Gambling is actually just a matter of guessing without us participating in the movement itself. For example, if we bet on the price of BTC going up next month to 77k but we don't have any bitcoins that have been bought and will be sold. But we're just placing a bet. Well then this is called gambling. Because those who bet are not involved in moving prices in the market, while their traders are part of moving prices in the market or are involved in the market.
In Future trading I also don't understand whether they belong to what type. It's just that future trading also has involvement in the future market itself. So the futures market cannot be called gambling either. It's just that they are almost approaching it. Maybe. please correct me if I'm wrong.
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Investing in crypto assets is not considered gambling if done correctly.
Crypto trading is the same as traditional markets in general, namely relying on technical and fundamental analysis.
Investors use strategies and approaches based on data analysis, and accurate information, following their financial goals and risk tolerance.
But unfortunately, some people prefer to buy shitcoins, hoping that the price will rise 1000% and hope to get rich overnight. They behave like gamblers.
People who compare trading with gambling either don't know everything or they refer to a specific part of trading as having a resemblance with gambling because that is true, if we look at investors that invest their money in meme coins and shitcoins as you said, or those who make investments without conducting any research or analyzing the cryptocurrencies they are investing in are basically gambling with their money.
However, someone with enough knowledge would know that trading and gambling are completely different things because gambling is completely based on luck whereas trading requires knowledge and skills for one to be able to earn money.
The truth remains that both involve risk and some individuals relate both on the premises that you can record loss whether gambling or trading. This notwithstanding, there is a distinction between them. With skills, knowledge as you mentioned, and expertise in financial markets, a trader might be successful because successful traders rely on strategies, technical analysis, and a deep understanding of the assets they are trading. When you consider gambling, no amount of skill, knowledge and expertise can guarantee a gambler winning because gambling predominantly revolves around luck rather than skill so the outcome is largely unpredictable and dependent on chance.
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I think gambling and trading both require skills, if you don't have skills you can't win in gambling irrespective of whether it's a casino game or sportsbets and you can't win in trading if you don't have the skills of trading, you need to understand fundamental of a coin and technical aspect of a coin to succeed as a trader.
You are right, both need knowledge in order to increase success rates. But the chance in gambling is we will lose our all funds if we lose, for example, in a game where we have to predict the price of BTC, and if predicted wrong, while other opponents will predict right then all of your funds are there's. But in crypto trading, if you are in a spot, then you never lose until you have control over your nerves. For example, those traders who bought at $60K in the last bull run and then waited this long to book or recover the losses or profits, they would lose the funds if they failed to overcome their nerves and sell at low. Selling timely is also an art in trading, we don't have too many options to choose from in gambling, it's either in or all out but in trading there is still a chance.
That's why I won't say trading is gambling, as they are both two different things and we should know the difference, I don't gamble, but I do have a slight idea about how things works, then there comes those gambling platforms like that spinning bowl where a ball will stop like on some number and the owner of that number will win, that type of games require no knowledge as they totally based on luck, and thus that's the pure form of gambling I would say we should keep ourself away from gambling and relevant stuff.
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But basically it can make trading = gambling when someone only relies on stupidity and luck. Buying a coin with high volatility and waiting for it for a while in the hope of it rising by a large percentage if it fails maybe the asset will be held for a longer time or maybe forever... that's even the same as gamblers, right?
What is more like gambling is not the mechanics of how it works, but the expectations. Trying to earn big money with small capital without thinking is very similar to gambling. That's why daily traders have greater risks. Meanwhile, long-term investors have less risk when investing in trusted assets. Investors rely on asset growth, while traders must also have luck to be able to enjoy the results.
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Basically gambling depends on luck, but trading usually depends on skill. I'm involved in trading and gambling myself, regardless of what other people say, gambling is an uncertain future so it's basically luck if you have a prize you'll win. But trading is basically a different thing because I usually see in spot trading, there are many people who trade only because of excessive greed and lose again and again. If I train myself to control my emotions and earn limited profits, I will surely succeed in almost every trade.
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Treating trading like a gambling is really a bad things and wrong perception anyway. It won't give any good result in the end most of the time. You may get profit if you all of a sudden luck if luck comes in at the time when you buy a coin were suddenly get pump its price even you have no idea about trading.
Trading must seen as your own skills not just like a game where you are playing it same as gambling in a casino, because trading is not designed in that way actually.
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If I train myself to control my emotions and earn limited profits, I will surely succeed in almost every trade.
That's true, if a person can control his emotion when they trade they have a better chance to win the trade. Just because we can manage our emotion doesn't mean you will always win. If you still losing, then your problem might be on your trading plan. Try to back test your strategy again to determine the latest win rate and to know if there is something to enhance for.
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Trading can never be like gambling. Gambling depends entirely on luck but success can be achieved by your own efforts in trading. But if you come to futures trading platform then it can be a little different like from future trading platform you can lose your money in a moment at the highest rise and fall of the market like in gambling platform you lose money in a moment but in this case with your enough skill and strategy. Some of your trading can be saved on the futures trading platform. But apart from sports sites on gambling platforms, you can lose money instantly in unique games such as slot games, dice games, as it is completely dependent on luck. So I will never compare gambling with trading platforms because they are two completely different platforms.
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That's true, if a person can control his emotion when they trade they have a better chance to win the trade. Just because we can manage our emotion doesn't mean you will always win. If you still losing, then your problem might be on your trading plan. Try to back test your strategy again to determine the latest win rate and to know if there is something to enhance for.
Traders who can control their emotion, should have a better chance to succeed in trading. They know when to take profits, they know how to deal with the fear of market correction. If people have no good control in his emotion, they can decide anything carelessly. Finally, this decision can end up with a regret. I see some cases that traders become lose of his emotion control, they end up with severe losses.
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That's true, if a person can control his emotion when they trade they have a better chance to win the trade. Just because we can manage our emotion doesn't mean you will always win. If you still losing, then your problem might be on your trading plan. Try to back test your strategy again to determine the latest win rate and to know if there is something to enhance for.
Traders who can control their emotion, should have a better chance to succeed in trading. They know when to take profits, they know how to deal with the fear of market correction. If people have no good control in his emotion, they can decide anything carelessly. Finally, this decision can end up with a regret. I see some cases that traders become lose of his emotion control, they end up with severe losses.
Controlling emotions is not easy, this requires experience and of course it takes a long time to become a professional trader who is skilled at controlling emotions. Apart from controlling emotions, a trader must have good analytical and predictive skills, because the accuracy of predictions will affect the profits or losses you will get.
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Controlling emotions is not easy, this requires experience and of course it takes a long time to become a professional trader who is skilled at controlling emotions. Apart from controlling emotions, a trader must have good analytical and predictive skills, because the accuracy of predictions will affect the profits or losses you will get.
Everything requires a process to be controlled well, but when you want to try to achieve success you have to go through all the processes that lie ahead, including managing your emotions so that all the decisions you choose are in line with your expectations.
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Basically gambling depends on luck, but trading usually depends on skill. I'm involved in trading and gambling myself, regardless of what other people say, gambling is an uncertain future so it's basically luck if you have a prize you'll win. But trading is basically a different thing because I usually see in spot trading, there are many people who trade only because of excessive greed and lose again and again. If I train myself to control my emotions and earn limited profits, I will surely succeed in almost every trade.
Although both gambling and trading seems like they have same attributes. Both involves uncertainty risk taking and it is not totally off to make them look same. I say so because both have similar rule of Not investing what you are not able to lose. However, trading requires skills and patience while gambling may depend on only luck. But whenever trading is done without experience or skill, it can be called gambling.
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Although both gambling and trading seems like they have same attributes. Both involves uncertainty risk taking and it is not totally off to make them look same. I say so because both have similar rule of Not investing what you are not able to lose. However, trading requires skills and patience while gambling may depend on only luck. But whenever trading is done without experience or skill, it can be called gambling.
I think gambling and trading do not have the same attributes and the differences are very clear, for me trading is the way we make money from buying something at a certain price and selling it at a higher price than you originally bought it, while gambling is when you have entered then you have to guess movements that will occur in the future, if your guess is wrong you will lose your assets.
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Although both gambling and trading seems like they have same attributes. Both involves uncertainty risk taking and it is not totally off to make them look same. I say so because both have similar rule of Not investing what you are not able to lose. However, trading requires skills and patience while gambling may depend on only luck. But whenever trading is done without experience or skill, it can be called gambling.
We can't deny that there is the similar thing between gambling and trading. Both of them have the risk of losing money. No people can always take profits in trading, and no people must win in gambling. This is the same thing between gambling and trading. However, most gambling games rely on the luck, meanwhile trading will rely on the knowledge and experience. If we have good knowledge and enough experience, we can increase the chance to take profits. That's why we must focus on learning first when we are in the beginner level. So, we have enough knowledge when we start trading.
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What is called gambling is that when we gamble, we will lose money and gain money.
Trading will definitely make money if we trade unless we deliberately sell cheap or make a loss.
This system is the difference between gambling and trading because both of them have different advantages and disadvantages and from a psychological perspective, gambling definitely experiences many rapid emotional changes.
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Many people consider trading and gambling to be the same, but in reality these two things are never the same but there are many differences between them. In trading there is definite guarantee that you can get a certain profit but in gambling you will not get any guarantee that you will get profit.
Trading mainly depends on experience and if you can enter the right market and trade at the right time then you are guaranteed to get profit.
But when it comes to gambling, luck is more important than experience, in this case you can get good if you are lucky or you can definitely go bankrupt if you are unlucky.
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Basically gambling depends on luck, but trading usually depends on skill. I'm involved in trading and gambling myself, regardless of what other people say, gambling is an uncertain future so it's basically luck if you have a prize you'll win. But trading is basically a different thing because I usually see in spot trading, there are many people who trade only because of excessive greed and lose again and again. If I train myself to control my emotions and earn limited profits, I will surely succeed in almost every trade.
It's true what you say: gambling is really just luck when you win in any casino. I don't believe that you win gambling because of skills. Because there are no skills
needed in gambling, whether it's cryptocurrency, stocks, or forex.
I can still believe that in trading, you need to have skills, and to get these skills, you must have an understanding of reading chart indicators in exchanges
in the crypto space.
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What is called gambling is that when we gamble, we will lose money and gain money.
Trading will definitely make money if we trade unless we deliberately sell cheap or make a loss.
This system is the difference between gambling and trading because both of them have different advantages and disadvantages and from a psychological perspective, gambling definitely experiences many rapid emotional changes.
Well, for those of us who already understand the difference between trading and gambling, it looks very simple. But for those who are very unfamiliar with the term trading, they tend to equate it with gambling. And actually, more precisely, currently many people have a negative view of crypto. So crypto trading is often considered gambling by ordinary people. So the most important thing is to build an understanding that crypto is a very good and useful thing in the current era of digitalization. If someone already understands that crypto is not a bad thing, then they will not consider crypto trading as gambling. Crypto literacy actually still needs to be improved at this time.
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What is called gambling is that when we gamble, we will lose money and gain money.
Trading will definitely make money if we trade unless we deliberately sell cheap or make a loss.
This system is the difference between gambling and trading because both of them have different advantages and disadvantages and from a psychological perspective, gambling definitely experiences many rapid emotional changes.
Well, for those of us who already understand the difference between trading and gambling, it looks very simple. But for those who are very unfamiliar with the term trading, they tend to equate it with gambling. And actually, more precisely, currently many people have a negative view of crypto. So crypto trading is often considered gambling by ordinary people. So the most important thing is to build an understanding that crypto is a very good and useful thing in the current era of digitalization. If someone already understands that crypto is not a bad thing, then they will not consider crypto trading as gambling. Crypto literacy actually still needs to be improved at this time.
Lack of knowledge would really eventually be giving you that kind of vibe or kind of belief in mind because lacking about information or doesnt have any idea on things will really be giving out that kind of impression on which you would be ending up with those kind of wrong assumptions. Well, its normal for a noob but it would really be impossible that you cant really be able to notice
or determine it out in regarding with the risks levels but well it would really be just that depending on how you would really be able to make your differentiation in between the two.
This is why it would really be that best that you do make out that own research before making up conclusions.
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I keep seeing this type of comparison all the time and everywhere. I think its quite obvious that they are not the same but for some reason it must be "feeling" same to some people. If you are not using TA or FA, if you are not reading the charts, if you are not putting your entire trading knowledge into each trade, then yeah you may feel that way. Still doesn't mean its gambling, but a newbie just randomly picking something may feel a little bit like a gambler. I believe that as long as we get to just have a positive return or at least potential to it, the lack of house edge alone makes it quite possible for you to be fine.
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It's true what you say: gambling is really just luck when you win in any casino. I don't believe that you win gambling because of skills. Because there are no skills
needed in gambling, whether it's cryptocurrency, stocks, or forex.
I can still believe that in trading, you need to have skills, and to get these skills, you must have an understanding of reading chart indicators in exchanges
in the crypto space.
Well, there is a part of gambling where you don't only need luck to be able to win but you also need knowledge and experience, it's sports betting. In sports betting, your winning and losing are determined based on how much knowledge and experience you have about the sport you are making your predictions in, and luck only influences a few games in sports unlike gambling games where results are completely based on luck.
However, it doesn't mean it should be compared with trading because trading is still a different thing. You can learn trading, learn about indicators, charts, and everything, whereas for sports betting, you need to have knowledge about the sports and that can't be learned and you must have been following that sport for a long time.
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Well, there is a part of gambling where you don't only need luck to be able to win but you also need knowledge and experience, it's sports betting. In sports betting, your winning and losing are determined based on how much knowledge and experience you have about the sport you are making your predictions in, and luck only influences a few games in sports unlike gambling games where results are completely based on luck.
However, it doesn't mean it should be compared with trading because trading is still a different thing. You can learn trading, learn about indicators, charts, and everything, whereas for sports betting, you need to have knowledge about the sports and that can't be learned and you must have been following that sport for a long time.
Right, in sport betting need knowledge and experienced for large winning chance because we know some teams of football club before betting on that club, however with knowledge prefer in gambling couldn't be comparison with trading.
In trading still has opportunity when outside of our prediction with our assets keep existing but in gambling when prediction wrong and get loss our funs gone. I don't think good comparison depend on lucky in gambling has the same function with trading need skill, research and most important trading never loss yet our fund if trade on spot trading.
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Right, in sport betting need knowledge and experienced for large winning chance because we know some teams of football club before betting on that club, however with knowledge prefer in gambling couldn't be comparison with trading.
In trading still has opportunity when outside of our prediction with our assets keep existing but in gambling when prediction wrong and get loss our funs gone. I don't think good comparison depend on lucky in gambling has the same function with trading need skill, research and most important trading never loss yet our fund if trade on spot trading.
In the world of trading, when you make a wrong decision, the assets you have can still be stored properly and wait until the price goes up again, but in gambling, if you make a wrong decision, it will cause us to lose our assets forever. So you really have to be careful when you want to trade. All decisions have risks that must be understood well.
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Right, in sport betting need knowledge and experienced for large winning chance because we know some teams of football club before betting on that club, however with knowledge prefer in gambling couldn't be comparison with trading.
In trading still has opportunity when outside of our prediction with our assets keep existing but in gambling when prediction wrong and get loss our funs gone. I don't think good comparison depend on lucky in gambling has the same function with trading need skill, research and most important trading never loss yet our fund if trade on spot trading.
In the world of trading, when you make a wrong decision, the assets you have can still be stored properly and wait until the price goes up again, but in gambling, if you make a wrong decision, it will cause us to lose our assets forever. So you really have to be careful when you want to trade. All decisions have risks that must be understood well.
Your explanation is correct, but true coins will not disappear on the market. If you buy coins on the market and are delisted on all exchanges, how can you wait for your assets to return. I am discussing shitcoins too, because these are coins that are also dangerous to trade, because the prices are really surprising. Suddenly it rises high and can become completely worthless.
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proper trading lowers your risks a lot.
it does not always fit the gambling definition.
gambling the odds must always be against you or it is no longer gambling.
Pick a coin lets say solana.
I buy it today and hodl it until it doubles in price.
I can only lose if I choose to sell at a loss or if it delists.
I may need to wait a year or two or three for it to double. so it can be very very very very slow trading.
wrong way to trade is buy 1 solana today and sell in in 7 days even if it loses.
many traders move to quickly which turns trading into gambling.
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Right, in sport betting need knowledge and experienced for large winning chance because we know some teams of football club before betting on that club, however with knowledge prefer in gambling couldn't be comparison with trading.
In trading still has opportunity when outside of our prediction with our assets keep existing but in gambling when prediction wrong and get loss our funs gone. I don't think good comparison depend on lucky in gambling has the same function with trading need skill, research and most important trading never loss yet our fund if trade on spot trading.
In the world of trading, when you make a wrong decision, the assets you have can still be stored properly and wait until the price goes up again, but in gambling, if you make a wrong decision, it will cause us to lose our assets forever. So you really have to be careful when you want to trade. All decisions have risks that must be understood well.
If spot trading is done on the trading platform then if the market goes down from your bought position you will lose but your money will not be lost at once there will be possibility of recovery if trading with good coins. And whenever you engage in futures trading on a trading platform, your wealth will be at risk because if you buy from there, if the market goes down, then there is a possibility of liquidation, and if you liquidate, then your wealth will be lost and never recovered. In case I can compare futures trading platform with gambling platform because in gambling platform if the bet is lost then the money is lost forever.
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Trading and gambling are totally two different things. Gambling is a lucky thing, if you make a wrong move you would lose all your assets. In trading, if you make a wrong move, you can sell any time and save much of your funds.
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Right, in sport betting need knowledge and experienced for large winning chance because we know some teams of football club before betting on that club, however with knowledge prefer in gambling couldn't be comparison with trading.
In trading still has opportunity when outside of our prediction with our assets keep existing but in gambling when prediction wrong and get loss our funs gone. I don't think good comparison depend on lucky in gambling has the same function with trading need skill, research and most important trading never loss yet our fund if trade on spot trading.
In the world of trading, when you make a wrong decision, the assets you have can still be stored properly and wait until the price goes up again, but in gambling, if you make a wrong decision, it will cause us to lose our assets forever. So you really have to be careful when you want to trade. All decisions have risks that must be understood well.
If spot trading is done on the trading platform then if the market goes down from your bought position you will lose but your money will not be lost at once there will be possibility of recovery if trading with good coins. And whenever you engage in futures trading on a trading platform, your wealth will be at risk because if you buy from there, if the market goes down, then there is a possibility of liquidation, and if you liquidate, then your wealth will be lost and never recovered. In case I can compare futures trading platform with gambling platform because in gambling platform if the bet is lost then the money is lost forever.
- That is why some people always say that it is good to use spot trading if you are an individual newbie entering the crypto business industry. Never try to enter the futures trade right away because if you make a mistake with the setup and the balance, you will be eaten for sure.
And there are a lot of experienced beginners who have tried that. Compared to spot trading, what you put in is the only thing that will be lost if you lose or if you win in profit, of course.
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Trading and gambling are totally two different things. Gambling is a lucky thing, if you make a wrong move you would lose all your assets. In trading, if you make a wrong move, you can sell any time and save much of your funds.
For those who don't quite understand the definitions of gambling and trading, it's natural that there are still many who misunderstand the equation between trading and gambling. Even though these two things are different as you said.
Gambling is just guessing and testing your luck by betting on something and our bets have no impact on that something. But trading means that we are directly involved in the market and our participation is also a driver in the market itself.
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For those who don't quite understand the definitions of gambling and trading, it's natural that there are still many who misunderstand the equation between trading and gambling. Even though these two things are different as you said.
Gambling is just guessing and testing your luck by betting on something and our bets have no impact on that something. But trading means that we are directly involved in the market and our participation is also a driver in the market itself.
For many new traders, trading is just gambling because both gives them the opportunity to get rich. For me, capital management ability is not a reliable criterion to distinguish between trading and gambling, because an experienced gambler will also manage capital really well when participating in gambling.
I think the most important criterion we can use to distinguish them is the ability to make judgments: trading is conducted based on trading history, market data and tools that the trader can use to make possible scenarios for price fluctuations, then decide and manage orders. Meanwhile, gambling does not give any suggestions to players based on past data, or the dice have no memory. Most of the results will have the same probability, outside the player's efforts. All the player can do is manage capital and stop when necessary.
I myself never touch gambling, I want to focus on trading and control my investment carefully with my personal ability, not just relying on probability.
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- That is why some people always say that it is good to use spot trading if you are an individual newbie entering the crypto business industry. Never try to enter the futures trade right away because if you make a mistake with the setup and the balance, you will be eaten for sure.
And there are a lot of experienced beginners who have tried that. Compared to spot trading, what you put in is the only thing that will be lost if you lose or if you win in profit, of course.
The problem on future trading is that if you don't know how to use the leverage properly and calculate the lot size before placing a position, yes you will end up losing much capital or you might be liquidated.
Spot trading is different and you can only make a profit in spot trading in holding and when the price increases and you can only lose profit when the price drops.
The only advantage of trading futures is that you can also make a profit on price action ups and downs but without knowledge about leverage and risk management you better stop trading on futures because that's not the right place to trade without studying risk management.
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The problem on future trading is that if you don't know how to use the leverage properly and calculate the lot size before placing a position, yes you will end up losing much capital or you might be liquidated.
Futures trading is only for experienced and knowledgeable traders, it's as simple as that. Traders who are brand new in the market will tend to lose money if they get into futures trading only because they believe it has the potential to give them huge returns on their investments.
Spot trading is different and you can only make a profit in spot trading in holding and when the price increases and you can only lose profit when the price drops.
The most important thing about spot trading is that you don't lose anything as long as you are holding. If you sell when the price is low, you will lose, but it's your choice, you can hold and wait for the price of that asset to go up again. In this matter, it's important to understand which assets to buy and hold because not every cryptocurrency goes up after going down significantly.
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I keep seeing this type of comparison all the time and everywhere. I think its quite obvious that they are not the same but for some reason it must be "feeling" same to some people.
Indeed, but honestly, there more many people who are doing trading like gambling, not using any analysis and only using luck a. this is bad enough because the risk will be much higher. Usually, a person will equip themselves with sufficient knowledge and insight when trading. Not only that, trading requires a variety of analyzes that can help us to minimize risks, increase opportunities, and also determine what we will take, in what position, how much, in what coins, and several other things. Because trading is complex, so it won't be as simple as entering numbers and taking the profits. It's not that simple,
Because of that, we must have this understanding at least to equip us in trading. Because nothing has zero risk, so trading must also have high risk, but this shouldn't just be based on luck. because once again, trading is not gambling.
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I keep seeing this type of comparison all the time and everywhere. I think its quite obvious that they are not the same but for some reason it must be "feeling" same to some people. If you are not using TA or FA, if you are not reading the charts, if you are not putting your entire trading knowledge into each trade, then yeah you may feel that way. Still doesn't mean its gambling, but a newbie just randomly picking something may feel a little bit like a gambler. I believe that as long as we get to just have a positive return or at least potential to it, the lack of house edge alone makes it quite possible for you to be fine.
Its true, any activity where a newbie jumps in and just hopes for the best can feel a lot like gambling. Its about luck for them at that point kind of like playing the lottery. If you're not looking at charts or putting your knowledge to work I can totally see why it might feel more like a gamble. But processes that you can control or predict more than 80% can hardly be considered random
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I keep seeing this type of comparison all the time and everywhere. I think its quite obvious that they are not the same but for some reason it must be "feeling" same to some people. If you are not using TA or FA, if you are not reading the charts, if you are not putting your entire trading knowledge into each trade, then yeah you may feel that way. Still doesn't mean its gambling, but a newbie just randomly picking something may feel a little bit like a gambler. I believe that as long as we get to just have a positive return or at least potential to it, the lack of house edge alone makes it quite possible for you to be fine.
Its true, any activity where a newbie jumps in and just hopes for the best can feel a lot like gambling. Its about luck for them at that point kind of like playing the lottery. If you're not looking at charts or putting your knowledge to work I can totally see why it might feel more like a gamble. But processes that you can control or predict more than 80% can hardly be considered random
A beginner just relies on luck because they don't have the knowledge to do research and make analysis, it's natural that in the past I just looked for news and followed my friends' steps when I was a beginner. And after that, just start learning to do research, this is a process. so it takes time to become a great investor or trader
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I keep seeing this type of comparison all the time and everywhere. I think its quite obvious that they are not the same but for some reason it must be "feeling" same to some people. If you are not using TA or FA, if you are not reading the charts, if you are not putting your entire trading knowledge into each trade, then yeah you may feel that way. Still doesn't mean its gambling, but a newbie just randomly picking something may feel a little bit like a gambler. I believe that as long as we get to just have a positive return or at least potential to it, the lack of house edge alone makes it quite possible for you to be fine.
Its true, any activity where a newbie jumps in and just hopes for the best can feel a lot like gambling. Its about luck for them at that point kind of like playing the lottery. If you're not looking at charts or putting your knowledge to work I can totally see why it might feel more like a gamble. But processes that you can control or predict more than 80% can hardly be considered random
A beginner just relies on luck because they don't have the knowledge to do research and make analysis, it's natural that in the past I just looked for news and followed my friends' steps when I was a beginner. And after that, just start learning to do research, this is a process. so it takes time to become a great investor or trader
Gambling is a luck based game and gambling is an entertainment place but trading is a place of earning money. if someone want to invest in trading then they must have good trading, analyses, research skill but who don't have those knowledge they just trade based there luck and they believe trading depend on luck. so you have to believe that trading is not for everyone.
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A beginner just relies on luck because they don't have the knowledge to do research and make analysis, it's natural that in the past I just looked for news and followed my friends' steps when I was a beginner. And after that, just start learning to do research, this is a process. so it takes time to become a great investor or trader
You are right, gambling is a game that depends on luck. Different from trading, trading requires experience, analysis and always monitoring the market. If you have good luck, it's best to trade. because this is more realistic.
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I keep seeing this type of comparison all the time and everywhere. I think its quite obvious that they are not the same but for some reason it must be "feeling" same to some people. If you are not using TA or FA, if you are not reading the charts, if you are not putting your entire trading knowledge into each trade, then yeah you may feel that way. Still doesn't mean its gambling, but a newbie just randomly picking something may feel a little bit like a gambler. I believe that as long as we get to just have a positive return or at least potential to it, the lack of house edge alone makes it quite possible for you to be fine.
Its true, any activity where a newbie jumps in and just hopes for the best can feel a lot like gambling. Its about luck for them at that point kind of like playing the lottery. If you're not looking at charts or putting your knowledge to work I can totally see why it might feel more like a gamble. But processes that you can control or predict more than 80% can hardly be considered random
A beginner just relies on luck because they don't have the knowledge to do research and make analysis, it's natural that in the past I just looked for news and followed my friends' steps when I was a beginner. And after that, just start learning to do research, this is a process. so it takes time to become a great investor or trader
Newbies don't have much idea about this so they can't think and trade like experienced traders. But now as there are many mediums of learning so a new trader should first learn about trading well and then engage in trading. Maybe a new trader can start trading with a demo account first and practice there. With a small amount of money, if he applies practically, he will get a rough idea of the business and he can gradually learn from the rough idea and continue his trading well as he learns. Risk must be taken because if there is no risk then we will always have that fear and we will never gain proper knowledge about trading.
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You are right, gambling is a game that depends on luck. Different from trading, trading requires experience, analysis and always monitoring the market. If you have good luck, it's best to trade. because this is more realistic.
Gambling requires experience, analysis if you love doing sport betting and of ofcourse luck and trading requires the same as well but the level of certainty in winning them is different, you can't open a bet and open a trade and expect to win something from each of them, you are likely to lost gambling before you lose money on trade.
If I'm to chose any of the two, I will chose trading before gambling because the lost in gambling is less and money can be made as profit if you don't sell. While in gambling, you don't have that kind of chance.
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You are right, gambling is a game that depends on luck. Different from trading, trading requires experience, analysis and always monitoring the market. If you have good luck, it's best to trade. because this is more realistic.
Gambling requires experience, analysis if you love doing sport betting and of ofcourse luck and trading requires the same as well but the level of certainty in winning them is different, you can't open a bet and open a trade and expect to win something from each of them, you are likely to lost gambling before you lose money on trade.
If I'm to chose any of the two, I will chose trading before gambling because the lost in gambling is less and money can be made as profit if you don't sell. While in gambling, you don't have that kind of chance.
I am not a gambler and have no experience there. I'm just a trader, and that's not a professional trader. just an ordinary trader who trades when the market improves and the possibility of making bigger profits. As far as I know, gambling depends on luck and experience, while trading requires good analysis and knowledge.
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Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
From what point of view would anyone say that, because it is clear that dicrypto trading is the same as trading in general, where there are sellers and buyers, where the selling and buying prices have been agreed upon by both parties, to gain mutual benefit,
If gambling is obvious, we just hope for luck to win, and guess at prices and points
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I keep seeing this type of comparison all the time and everywhere. I think its quite obvious that they are not the same but for some reason it must be "feeling" same to some people. If you are not using TA or FA, if you are not reading the charts, if you are not putting your entire trading knowledge into each trade, then yeah you may feel that way. Still doesn't mean its gambling, but a newbie just randomly picking something may feel a little bit like a gambler. I believe that as long as we get to just have a positive return or at least potential to it, the lack of house edge alone makes it quite possible for you to be fine.
Its true, any activity where a newbie jumps in and just hopes for the best can feel a lot like gambling. Its about luck for them at that point kind of like playing the lottery. If you're not looking at charts or putting your knowledge to work I can totally see why it might feel more like a gamble. But processes that you can control or predict more than 80% can hardly be considered random
A beginner just relies on luck because they don't have the knowledge to do research and make analysis, it's natural that in the past I just looked for news and followed my friends' steps when I was a beginner. And after that, just start learning to do research, this is a process. so it takes time to become a great investor or trader
Newbies don't have much idea about this so they can't think and trade like experienced traders. But now as there are many mediums of learning so a new trader should first learn about trading well and then engage in trading. Maybe a new trader can start trading with a demo account first and practice there. With a small amount of money, if he applies practically, he will get a rough idea of the business and he can gradually learn from the rough idea and continue his trading well as he learns. Risk must be taken because if there is no risk then we will always have that fear and we will never gain proper knowledge about trading.
Everyone starts on being a noob on which on the t ime that you would really be touching up trading without having that entire knowledge then you would really be definitely be having that common newbie mistake whereas you would really be finding out those real things on what are the needed up for you to be able to handle yourself towards this space. Trading isnt gambling, it would really be turning out tobe gambling on the time that you would really be that doing trading without having that proper knowledge. On the time that you would really be having that knowledge
then its an another story.
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I am not a gambler and have no experience there. I'm just a trader, and that's not a professional trader. just an ordinary trader who trades when the market improves and the possibility of making bigger profits. As far as I know, gambling depends on luck and experience, while trading requires good analysis and knowledge.
Yes, gambling really depends on luck, there is nothing to analyze there. Maybe we can analyze the betting in sportbet, because we can see which team is stronger.
Meanwhile, trading requires more analysis and knowledge of the market that we will trade. Experience will also be very influential, but in gambling experience does not matter because I have never heard of an "experienced" gambler for example.
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You are right, gambling is a game that depends on luck. Different from trading, trading requires experience, analysis and always monitoring the market. If you have good luck, it's best to trade. because this is more realistic.
Gambling requires experience, analysis if you love doing sport betting and of ofcourse luck and trading requires the same as well but the level of certainty in winning them is different, you can't open a bet and open a trade and expect to win something from each of them, you are likely to lost gambling before you lose money on trade.
If I'm to chose any of the two, I will chose trading before gambling because the lost in gambling is less and money can be made as profit if you don't sell. While in gambling, you don't have that kind of chance.
I am not a gambler and have no experience there. I'm just a trader, and that's not a professional trader. just an ordinary trader who trades when the market improves and the possibility of making bigger profits. As far as I know, gambling depends on luck and experience, while trading requires good analysis and knowledge.
But when trading doesn't rely on research, it looks more like gambling. At least you know trading using the futures method. Do you think trading using that method is considered gambling? because what I know is that the future trading system guesses price movements and when our guess is wrong then all our assets are lost and cannot be returned.
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I am not a gambler and have no experience there. I'm just a trader, and that's not a professional trader. just an ordinary trader who trades when the market improves and the possibility of making bigger profits. As far as I know, gambling depends on luck and experience, while trading requires good analysis and knowledge.
You don't need to be a gambler to know it. You can read an article or read the experience of other people. There are many articles or videos that can describe it to us. ;)
It is true that most gambling are depending on the luck although some of them require specific skills. But in trading, skills and knowledge are everything, this will determine the success in trading. Luck is just a small part in trading, it won't determine anything if we have no knowledge.
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Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
Yes, trading and gambling are different. But it can be the same if we trade with no proper knowledge. In gambling, people expect more on the luck to succeed. Meanwhile in trading, people will try to have enough knowledge to increase the chance for success. We treat trading in a different way, we rely on our knowledge and experience to ear good profits. But in gambling, there is no way to increase the chance for success if we have no luck.
A trader who trades on a rational basis takes into account the role of chance, but does not blindly count on luck - but builds a trading system so that a series of chance events ultimately produces a profit. A trader with a gambler’s psychology has a different approach: he trusts his intuition more and hopes to hit the jackpot.
Rational traders understand the role of chance in trading but rely on a well-thought-out system to ensure long-term profitability. They recognize that luck plays a part but do not rely on it. In contrast, traders with a gambler's mentality tend to depend more on intuition and hope for a big win, often lacking a structured system to manage risk and ensure consistent returns.
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Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
Yes, trading and gambling are different. But it can be the same if we trade with no proper knowledge. In gambling, people expect more on the luck to succeed. Meanwhile in trading, people will try to have enough knowledge to increase the chance for success. We treat trading in a different way, we rely on our knowledge and experience to ear good profits. But in gambling, there is no way to increase the chance for success if we have no luck.
A trader who trades on a rational basis takes into account the role of chance, but does not blindly count on luck - but builds a trading system so that a series of chance events ultimately produces a profit. A trader with a gambler’s psychology has a different approach: he trusts his intuition more and hopes to hit the jackpot.
Rational traders understand the role of chance in trading but rely on a well-thought-out system to ensure long-term profitability. They recognize that luck plays a part but do not rely on it. In contrast, traders with a gambler's mentality tend to depend more on intuition and hope for a big win, often lacking a structured system to manage risk and ensure consistent returns.
In my opinion, the gambler mentality is that of traders who have high courage, they are not afraid of the risks involved because before deciding to enter into coins they have done research first so that makes them confident to buy coins in very large quantities. In this way, they will make profits easily because the money they use must be able to arrange money specifically to be used for investment and for living needs.
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Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
Yes, trading and gambling are different. But it can be the same if we trade with no proper knowledge. In gambling, people expect more on the luck to succeed. Meanwhile in trading, people will try to have enough knowledge to increase the chance for success. We treat trading in a different way, we rely on our knowledge and experience to ear good profits. But in gambling, there is no way to increase the chance for success if we have no luck.
A trader who trades on a rational basis takes into account the role of chance, but does not blindly count on luck - but builds a trading system so that a series of chance events ultimately produces a profit. A trader with a gambler’s psychology has a different approach: he trusts his intuition more and hopes to hit the jackpot.
Rational traders understand the role of chance in trading but rely on a well-thought-out system to ensure long-term profitability. They recognize that luck plays a part but do not rely on it. In contrast, traders with a gambler's mentality tend to depend more on intuition and hope for a big win, often lacking a structured system to manage risk and ensure consistent returns.
In my opinion, the gambler mentality is that of traders who have high courage, they are not afraid of the risks involved because before deciding to enter into coins they have done research first so that makes them confident to buy coins in very large quantities. In this way, they will make profits easily because the money they use must be able to arrange money specifically to be used for investment and for living needs.
People who gamble have a high risk tolerance because they know that they will lose and accept them. so if a person addicted to gambling comes to trading, he will not hesitate to take risks. And they will avoid spot trading and focus on futures trading. Future trading behaves like gambling in that it gives someone a lot in a short period of time and takes away all of their capital in a short period of time. so if you ask about spot trading then it is not like gambling but if you ask for future trading then it is definitely like gambling
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Really agree with you, trading is not same things as gambling. Both are different things but some people think trading Trading is gambling. Because they have lack of proper knowledge about trading. And they think trading depend on luck only. And they think when price were down they will buy and when price will up then they will sell with some profit. They think it is only trading which depend on luck, if price were high he will profited and when price were down then he will losser. But trading is not too easy for proper trading anyone need proper knowledge about trading. Without proper knowledge about trading it will be seems as gambling. So i will tell Trading and gambling are fully different thing. Trading depend on proper knowledge but gambling depends on only luck.
Your point is very important that people who are ignorant or have no knowledge about trading can consider trading as gambling. But is trading really gambling? Due to high volatility a trader can gain high profit from trading and also lose. Many may compare this rapid change to gambling but they are making such comments because of their lack of trading knowledge. Those who invest in wrong places hoping for high returns can lose their money at any time. And because of this all trading platforms can never be considered as gambling.
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Really agree with you, trading is not same things as gambling. Both are different things but some people think trading Trading is gambling. Because they have lack of proper knowledge about trading. And they think trading depend on luck only. And they think when price were down they will buy and when price will up then they will sell with some profit. They think it is only trading which depend on luck, if price were high he will profited and when price were down then he will losser. But trading is not too easy for proper trading anyone need proper knowledge about trading. Without proper knowledge about trading it will be seems as gambling. So i will tell Trading and gambling are fully different thing. Trading depend on proper knowledge but gambling depends on only luck.
Your point is very important that people who are ignorant or have no knowledge about trading can consider trading as gambling. But is trading really gambling? Due to high volatility a trader can gain high profit from trading and also lose. Many may compare this rapid change to gambling but they are making such comments because of their lack of trading knowledge. Those who invest in wrong places hoping for high returns can lose their money at any time. And because of this all trading platforms can never be considered as gambling.
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.
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Providing access to educational materials such as articles, videos, or online courses that explain the principles of trading and investing can help individuals develop a better understanding of the financial markets, in addition, teaching risk management strategies, such as setting stop-loss orders and diversifying investments, can help traders minimize potential losses and make more calculated decisions.
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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.
Those who fall into the trap usually use future trading, they think the way they are doing it is correct, so when we give them the correct information, they feel they don't want to be given the information and think we are the one who is wrong. When you find someone like that, leave it alone, we don't need to waste energy on people like that.
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Though trading and gambling are two different things, in my opinion those who are not well versed in trading related matters, there is no difference between trading and gambling. A trader needs to acquire various skills for trading. But gambling does not require much skill. Because gambling is largely dependent on luck. A gambler can gain a lot from gambling if he gambles with little knowledge of gambling but there is no chance of making quick money in favor of a trader.
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Though trading and gambling are two different things, in my opinion those who are not well versed in trading related matters, there is no difference between trading and gambling. A trader needs to acquire various skills for trading. But gambling does not require much skill. Because gambling is largely dependent on luck. A gambler can gain a lot from gambling if he gambles with little knowledge of gambling but there is no chance of making quick money in favor of a trader.
Gambling and trading are surely different. Gambling mostly depends on the luck, meanwhile trading will depend on our efforts in learning and acquiring knowledge. If we have more knowledge, it means the chance to succeed in trading will be higher. Even if there are gambling games that need skills, the success will still depend on the luck, too. So, basically, these things are very different. Maybe the same part of trading and gambling are using money to do it. There is no gambling and trading that can be done for free. :D
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Those who fall into the trap usually use future trading, they think the way they are doing it is correct, so when we give them the correct information, they feel they don't want to be given the information and think we are the one who is wrong. When you find someone like that, leave it alone, we don't need to waste energy on people like that.
The better idea here is to not share any information with others because sometimes we think positive about others but they think that we are sharing information because it will give us profit. If someone asks you about any decision then you can give him otherwise don't consider anyone to be a friend with you as when they fail to earn money then they hold you accountable for this disappointment.
Future trading is not a good option and if someone is involved in it then try to clear facts about future trading for him but still if he doesn't understand it then leave him because we will not suffer from loss but the loss will be faced by those traders who are a part of future trading.
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Though trading and gambling are two different things, in my opinion those who are not well versed in trading related matters, there is no difference between trading and gambling. A trader needs to acquire various skills for trading. But gambling does not require much skill. Because gambling is largely dependent on luck. A gambler can gain a lot from gambling if he gambles with little knowledge of gambling but there is no chance of making quick money in favor of a trader.
Gambling and trading are surely different. Gambling mostly depends on the luck, meanwhile trading will depend on our efforts in learning and acquiring knowledge. If we have more knowledge, it means the chance to succeed in trading will be higher. Even if there are gambling games that need skills, the success will still depend on the luck, too. So, basically, these things are very different. Maybe the same part of trading and gambling are using money to do it. There is no gambling and trading that can be done for free. :D
Exactly, when new people enter the world of cryptocurrency they want to try to make a quick profit, they don't understand the differences in methods that exist in the world of trading. Usually they enter future trading. Future trading has similarities to gambling which we must be able to avoid.
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Though trading and gambling are two different things, in my opinion those who are not well versed in trading related matters, there is no difference between trading and gambling. A trader needs to acquire various skills for trading. But gambling does not require much skill. Because gambling is largely dependent on luck. A gambler can gain a lot from gambling if he gambles with little knowledge of gambling but there is no chance of making quick money in favor of a trader.
The two concepts are indeed different but yet have something in common which is the involvement of risk, how successful you are in both of them depends on your risk management and tolerance.
Gambling is mostly more about luck and chances and less skill and experience while trading requires more of skill and experience and less luck and chance, to be a successful trader, youll need all the knowledge, skill and experience about thr market's dynamics in other to help you make logical decisions while trading.
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Though trading and gambling are two different things, in my opinion those who are not well versed in trading related matters, there is no difference between trading and gambling. A trader needs to acquire various skills for trading. But gambling does not require much skill. Because gambling is largely dependent on luck. A gambler can gain a lot from gambling if he gambles with little knowledge of gambling but there is no chance of making quick money in favor of a trader.
The two concepts are indeed different but yet have something in common which is the involvement of risk, how successful you are in both of them depends on your risk management and tolerance.
Gambling is mostly more about luck and chances and less skill and experience while trading requires more of skill and experience and less luck and chance, to be a successful trader, youll need all the knowledge, skill and experience about thr market's dynamics in other to help you make logical decisions while trading.
Maybe gambling lovers will prefer gambling to trading. This is natural, because the decision depends on our abilities and preferences. Gambling prioritizes luck and opportunity. You are right. While trading requires experience and expertise, it takes time to become a great trader.
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Though trading and gambling are two different things, in my opinion those who are not well versed in trading related matters, there is no difference between trading and gambling. A trader needs to acquire various skills for trading. But gambling does not require much skill. Because gambling is largely dependent on luck. A gambler can gain a lot from gambling if he gambles with little knowledge of gambling but there is no chance of making quick money in favor of a trader.
The two concepts are indeed different but yet have something in common which is the involvement of risk, how successful you are in both of them depends on your risk management and tolerance.
Gambling is mostly more about luck and chances and less skill and experience while trading requires more of skill and experience and less luck and chance, to be a successful trader, youll need all the knowledge, skill and experience about thr market's dynamics in other to help you make logical decisions while trading.
Maybe gambling lovers will prefer gambling to trading. This is natural, because the decision depends on our abilities and preferences. Gambling prioritizes luck and opportunity. You are right. While trading requires experience and expertise, it takes time to become a great trader.
Trading requires both skill and experience but gambling requires neither, you just need to know the process of placing bets. only then you will win the bet depending on your luck However, with experience, the ability to make accurate predictions is often acquired in gambling. Trading and gambling are not the same in any way. But if you consider the aspect of risk, then the two can be somewhat combined. Because there is a lot of risk of financial loss in both places
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Maybe gambling lovers will prefer gambling to trading. This is natural, because the decision depends on our abilities and preferences. Gambling prioritizes luck and opportunity. You are right. While trading requires experience and expertise, it takes time to become a great trader.
Gamblers probably choose gambling if they want to try luck and get fun. But if they are serious to earn money, I think they must choose trading. Even the gamblers, they must know gambling games have no guarantee to success. It will be always difficult to win the prizes. Meanwhile in trading, it will be easier to get the profits if we have good knowledge and skills. That's why we must learn seriously before we do trading.
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Maybe gambling lovers will prefer gambling to trading. This is natural, because the decision depends on our abilities and preferences. Gambling prioritizes luck and opportunity. You are right. While trading requires experience and expertise, it takes time to become a great trader.
Gamblers probably choose gambling if they want to try luck and get fun. But if they are serious to earn money, I think they must choose trading. Even the gamblers, they must know gambling games have no guarantee to success. It will be always difficult to win the prizes. Meanwhile in trading, it will be easier to get the profits if we have good knowledge and skills. That's why we must learn seriously before we do trading.
Gambling is for leisure
Trading is for income/profit making
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.
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.
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Maybe gambling lovers will prefer gambling to trading. This is natural, because the decision depends on our abilities and preferences. Gambling prioritizes luck and opportunity. You are right. While trading requires experience and expertise, it takes time to become a great trader.
Gamblers probably choose gambling if they want to try luck and get fun. But if they are serious to earn money, I think they must choose trading. Even the gamblers, they must know gambling games have no guarantee to success. It will be always difficult to win the prizes. Meanwhile in trading, it will be easier to get the profits if we have good knowledge and skills. That's why we must learn seriously before we do trading.
Gambling is for leisure
Trading is for income/profit making
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.
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.
The difference between gambling and trading is quite clear, even though they are almost similar. but trading requires experience and good analysis and not just relying on luck. Gambling relies more on luck, because the analytical side such as trading is not done in gambling.
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The difference between gambling and trading is quite clear, even though they are almost similar. but trading requires experience and good analysis and not just relying on luck. Gambling relies more on luck, because the analytical side such as trading is not done in gambling.
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.
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Gamblers probably choose gambling if they want to try luck and get fun. But if they are serious to earn money, I think they must choose trading. Even the gamblers, they must know gambling games have no guarantee to success. It will be always difficult to win the prizes. Meanwhile in trading, it will be easier to get the profits if we have good knowledge and skills. That's why we must learn seriously before we do trading.
Gamblers chose gambling because they think it's the surest way of making money without putting much efforts and not because they want to have fun, maybe few for the fun but the majority is for the money. There are some people that does gambling for a living and the money they make from gambling, some traders don't make quarter of what they make but they are few in number.
Gambling gives money to some people, I can say that since I started gambling, the money I have lost to gambling is less than what I have made from gambling and I'm happy for it but reverse is the case for some people.
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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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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. ;)
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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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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.
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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.
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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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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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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.
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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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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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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 can give you a perfect example of why it should called gambling. if you go to bitwinup.com, you will notice that this web3 casino is different than others. You have to bet on the Bitcoin movement. There will be 10 sec period and you will have to predict if the price will go up or down. Which is the same as binary trading.
I always have been saying that binary trading is pure gambling and now a casino bitwinup proved that I was right. So, whoever was saying that binary trading is not gambling, you should check this website.
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Since your title is very big so i would like to analyze it in a small way. Trading is not only based on luck so you need to practice a lot in order to trade successfully. On the other hand, gambling does not require much practice so if you have money you can gamble anytime be it online or offline. Trading should not be handled as gambling but investment like short time and long time can give you good profit. Since crypto market dynamics are not monotonous, the loss rate here is also somewhat lower. But when you gamble and lose then your original money will be lost.
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Trading is not only based on luck so you need to practice a lot in order to trade successfully. On the other hand, gambling does not require much practice so if you have money you can gamble anytime be it online or offline.
The success in trading will be based on skills or knowledge. Experience is another factor that has a role in the success on trading. Luck is just a small factor, there is no luck if a trader has no knowledge or skills. Sure, it is different if we take a look at gambling. The luck is the main factor in gambling, the knowledge or skills is just another factor for the success in gambling.
Trading should not be handled as gambling but investment like short time and long time can give you good profit. Since crypto market dynamics are not monotonous, the loss rate here is also somewhat lower. But when you gamble and lose then your original money will be lost.
Of course, never try to trade with the same way as in gambling. Trading must have its own way, knowledge and experience are 2 main things. That's why we must always improve our knowledge in trading, we never stop learning as traders. But in gambling, we even don't really need to update the knowledge, specifically for luck-based games like Slots.
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Since your title is very big so i would like to analyze it in a small way. Trading is not only based on luck so you need to practice a lot in order to trade successfully. On the other hand, gambling does not require much practice so if you have money you can gamble anytime be it online or offline. Trading should not be handled as gambling but investment like short time and long time can give you good profit. Since crypto market dynamics are not monotonous, the loss rate here is also somewhat lower. But when you gamble and lose then your original money will be lost.
Practice is needed for some gambling games and not just that, it's needed for users to get acquainted with some options. If you are a sport bettor for example and you love to used straight win or draw option in your games and you don't lose, there are ways you can explore and play around with handicap options and you will always win from your games.
I just think that by knowledge, gambling is different from trading but one rely more on luck than the other one. There are days you have luck in trading and likewise in gambling but you will enjoy it more in gambling than you will do in trading because only analysis will take you far in trading.
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Since your title is very big so i would like to analyze it in a small way. Trading is not only based on luck so you need to practice a lot in order to trade successfully. On the other hand, gambling does not require much practice so if you have money you can gamble anytime be it online or offline. Trading should not be handled as gambling but investment like short time and long time can give you good profit. Since crypto market dynamics are not monotonous, the loss rate here is also somewhat lower. But when you gamble and lose then your original money will be lost.
Practice is needed for some gambling games and not just that, it's needed for users to get acquainted with some options. If you are a sport bettor for example and you love to used straight win or draw option in your games and you don't lose, there are ways you can explore and play around with handicap options and you will always win from your games.
I just think that by knowledge, gambling is different from trading but one rely more on luck than the other one. There are days you have luck in trading and likewise in gambling but you will enjoy it more in gambling than you will do in trading because only analysis will take you far in trading.
- Then there are others who really think of trading as gambling because of the risk involved. If you look at it literally, you are taking a risk when you buy cryptocurrency on an exchange where you conduct trading activity.
But in the other term, trading is not in reality considered gambling because it uses technical and fundamental analysis, and gambling is no longer in these two, so they are not really the same. Because trading is a skill that you can develop, while in gambling you don't have any skills to actually acquire.
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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.
There's no analysis that would really be able to fit out with this kind of trading on which it would really be something that will really be too fast in duration on which there would be no analysis that could work out. Even if we do say or make use of that scalping method kind of approach but still it wont really be enough for it to read up any possible movements considering the
very fast duration. This is why it would really be that considered to be gambling even if it would really be just pertaining or talking about trading but the risks
involved is really that having that equal values i could say.
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Since your title is very big so i would like to analyze it in a small way. Trading is not only based on luck so you need to practice a lot in order to trade successfully. On the other hand, gambling does not require much practice so if you have money you can gamble anytime be it online or offline. Trading should not be handled as gambling but investment like short time and long time can give you good profit. Since crypto market dynamics are not monotonous, the loss rate here is also somewhat lower. But when you gamble and lose then your original money will be lost.
Practice is needed for some gambling games and not just that, it's needed for users to get acquainted with some options. If you are a sport bettor for example and you love to used straight win or draw option in your games and you don't lose, there are ways you can explore and play around with handicap options and you will always win from your games.
I just think that by knowledge, gambling is different from trading but one rely more on luck than the other one. There are days you have luck in trading and likewise in gambling but you will enjoy it more in gambling than you will do in trading because only analysis will take you far in trading.
- Then there are others who really think of trading as gambling because of the risk involved. If you look at it literally, you are taking a risk when you buy cryptocurrency on an exchange where you conduct trading activity.
But in the other term, trading is not in reality considered gambling because it uses technical and fundamental analysis, and gambling is no longer in these two, so they are not really the same. Because trading is a skill that you can develop, while in gambling you don't have any skills to actually acquire.
I have always said one thing, when we speculate in the market you can say that we are going to make a bet with what we think will happen, there is no other way, if all goes well then things will turn out with profits, this applies to the casino, trading and anything in life, but betting in a casino is something else, because in a casino things are much more down to luck, and that is already for me dangerous and is risking too much money, I honestly would not do it, that is why there is always a lot of difference between betting and trading.
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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.
As gambling can take away your money completely after a single wrong bet so similar can happen with trading also like if you choose wrong coins and suddenly that coins get scam then think that what will be the outcomes? Will the outcomes be similar to gambling? Or will the scam project again go higher and will turn into a worthy project? No it's not easy and not possible therefore try to understand that the main thing between gambling and trading is knowledge.
In gambling nothing can make you successful even if you learn from different sources, through watching different videos and applying various techniques but still there is a greater chance to lose money while in trading you can be a successful person once you learn about the selecting idea of coins.
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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.
As gambling can take away your money completely after a single wrong bet so similar can happen with trading also like if you choose wrong coins and suddenly that coins get scam then think that what will be the outcomes? Will the outcomes be similar to gambling? Or will the scam project again go higher and will turn into a worthy project? No it's not easy and not possible therefore try to understand that the main thing between gambling and trading is knowledge.
In gambling nothing can make you successful even if you learn from different sources, through watching different videos and applying various techniques but still there is a greater chance to lose money while in trading you can be a successful person once you learn about the selecting idea of coins.
Lemme go little dipper on what you have already put down there; in gambling we focused more on probability while in trading we focused more cerntainty. Meaning while trading you can lose money but when you understand what you are doing carefully then you would gain more knowledge to enhance your trading skills, that is to say after gaining the knowledge your profits is sure than gambling that deals with probabilities.
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Trading and gambling are never the same. Two completely different things. Those who know about it well will never call the two the same thing. Trading is completely dependent on skill. Luck has nothing to do with trading. But gambling is totally dependent on luck.To do trading one must have adequate knowledge and understanding about trading. People who do not know about trading confuse trading and gambling.Trading and gambling have nothing in common. So those who say that gambling and trading are the same may know only about gambling and have no idea or skills about trading. Trading is entirely dependent on a person's discretion and skill to make a profit or a loss
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Trading and gambling are never the same. Two completely different things. Those who know about it well will never call the two the same thing. Trading is completely dependent on skill. Luck has nothing to do with trading. But gambling is totally dependent on luck.To do trading one must have adequate knowledge and understanding about trading. People who do not know about trading confuse trading and gambling.Trading and gambling have nothing in common. So those who say that gambling and trading are the same may know only about gambling and have no idea or skills about trading. Trading is entirely dependent on a person's discretion and skill to make a profit or a loss
I agree with you, trading is different from gambling. Trading requires skills, knowledge and experience so that we can have a good plan and strategy and make the right analysis. While gambling relies on luck and strong intuition, I always fail in gambling.
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Trading and gambling are never the same. Two completely different things. Those who know about it well will never call the two the same thing. Trading is completely dependent on skill. Luck has nothing to do with trading. But gambling is totally dependent on luck.To do trading one must have adequate knowledge and understanding about trading. People who do not know about trading confuse trading and gambling.Trading and gambling have nothing in common. So those who say that gambling and trading are the same may know only about gambling and have no idea or skills about trading. Trading is entirely dependent on a person's discretion and skill to make a profit or a loss
I agree with you, trading is different from gambling. Trading requires skills, knowledge and experience so that we can have a good plan and strategy and make the right analysis. While gambling relies on luck and strong intuition, I always fail in gambling.
Indeed, it is correct that trading is not gambling at all. In trading we have to know about the technicals and the fundamentals and also know how to avoid a loss or gain an early profit regardless of the position held in the market. Speculative on the other hand is similar to gambling in that it has less solidity analyzing it from a strong premise. Unlike trading, in gambling, we see ourselves going deeper and deeper into unpredictable uncertainty after having made a mistake and learning nothing new about our skills. Therefore, dedicating time and energy towards trading is far more satisfying than basing it on blindness.
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We cant in any way compare trading to gambling, they are two different things are are serving on two different purpose, when we are trading, we are making investment on currency pairs as against each other in other to make profit, it could be either on a long or short time investment plan, while gambling is what we make use of our own personal money to play bets and either win or lose and have fun.
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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.
As gambling can take away your money completely after a single wrong bet so similar can happen with trading also like if you choose wrong coins and suddenly that coins get scam then think that what will be the outcomes? Will the outcomes be similar to gambling? Or will the scam project again go higher and will turn into a worthy project? No it's not easy and not possible therefore try to understand that the main thing between gambling and trading is knowledge.
In gambling nothing can make you successful even if you learn from different sources, through watching different videos and applying various techniques but still there is a greater chance to lose money while in trading you can be a successful person once you learn about the selecting idea of coins.
Lemme go little dipper on what you have already put down there; in gambling we focused more on probability while in trading we focused more cerntainty. Meaning while trading you can lose money but when you understand what you are doing carefully then you would gain more knowledge to enhance your trading skills, that is to say after gaining the knowledge your profits is sure than gambling that deals with probabilities.
- It may be true that the majority of gamblers want to make money from gambling, but there are still gamblers whose only intention is just for fun, and maybe this kind of feeling can be felt by rich gamblers. and the not-so-rich gamblers.
Now, for me, it's not right to say that trading is the same as gambling; well, in fact, they are very different and not the same. That's why I don't understand why others say that. Which for me is not really, because trading does not have card games or slot games, even poker; how are they the same? Simple logic and common sense are not really the same.
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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.
As gambling can take away your money completely after a single wrong bet so similar can happen with trading also like if you choose wrong coins and suddenly that coins get scam then think that what will be the outcomes? Will the outcomes be similar to gambling? Or will the scam project again go higher and will turn into a worthy project? No it's not easy and not possible therefore try to understand that the main thing between gambling and trading is knowledge.
In gambling nothing can make you successful even if you learn from different sources, through watching different videos and applying various techniques but still there is a greater chance to lose money while in trading you can be a successful person once you learn about the selecting idea of coins.
Lemme go little dipper on what you have already put down there; in gambling we focused more on probability while in trading we focused more cerntainty. Meaning while trading you can lose money but when you understand what you are doing carefully then you would gain more knowledge to enhance your trading skills, that is to say after gaining the knowledge your profits is sure than gambling that deals with probabilities.
- It may be true that the majority of gamblers want to make money from gambling, but there are still gamblers whose only intention is just for fun, and maybe this kind of feeling can be felt by rich gamblers. and the not-so-rich gamblers.
Now, for me, it's not right to say that trading is the same as gambling; well, in fact, they are very different and not the same. That's why I don't understand why others say that. Which for me is not really, because trading does not have card games or slot games, even poker; how are they the same? Simple logic and common sense are not really the same.
The main reason why people are terming it the same is the risk level index, many people do consider the amount (volatility) of one losing their money completely. So even in gambling when you stake if the bet didn't go as planned you lose money while in trading if your predictions didn't go as planned when you enter a trade you lose money except you have to hold on a long position for long to know if the market would changed direction and come to your favor. I think these two similarities are why people often classified them as one and nothing much, same fun people have while gambling others do attest to same fun while trading as well.
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I have always said one thing, when we speculate in the market you can say that we are going to make a bet with what we think will happen, there is no other way, if all goes well then things will turn out with profits, this applies to the casino, trading and anything in life, but betting in a casino is something else, because in a casino things are much more down to luck, and that is already for me dangerous and is risking too much money, I honestly would not do it, that is why there is always a lot of difference between betting and trading.
casino games many people know it with gambling and also the game system is very easy but winning this game with luck is hard to guess, this is where we will try our luck whether lucky or not. if we talk about the comparison between casinos and crypto trading it is very different even though both are equally installed but crypto must have knowledge about crypto and the market so that in trading it is easier to have the coins you want to trade.
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Most of the time, both online and offline, there has been some argument relating to the title of this thread. Some people think that trading is just based on luck, like the way gambling is basically dependent on how lucky the player can be. In trading, there are some trading tools and parameters that traders use to analyze the market. Despite the fact that the crypto market is quite unpredictable all the time, traders and some market analysts use most of the trading tools to analyze the direction of the market, and that's what gives them the insight to make some predictions that could actually be correct. Some market predictions may not actually be 100%, 90%, or 80% accurate, but in most cases, they could be around 60–70% accurate, and some traders will advise you to make sure you "take profit" where you have met a good sum of profit. It is better to take a profit than to wait for your prediction to actually be 100% of the price you expect to sell.
The crypto market is very dynamic, and despite the fact that crypto enthusiasts cannot actually be 100% accurate about the direction of the market, that doesn't mean that trading should be handled as gambling. As a trader, it's good to keep learning and developing your own personal strategy that can help you win in the market; otherwise, you'll experience more losses than profits.
Also, there are different kinds of trading, such as grid trading, spot trading, forex trading, and futures trading. Those kinds of leveraged trading, such as futures and forex, are a bit more risky than spot trading. Spot trading is what I actually prefer because it is just the normal buying of a coin or token when the price is okay for you, and you can sell after the price spikes a bit and generate little profit for you.
Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
Technically they are kind of similar because they involve taking risks but the dynamics behind the financial market is different from gambling. First of all when it comes to Gambling especially casinos you have no control over the outcome, it's strictly up to the house to so whatever they decide, this makes gambling more riskier because there are no systems to learn or patterns to maximise your profits. Crypto trading on the other hand requires a level of skill set, it's not something you can just jump into and expect to have full understanding of it, a trader that has dedicated his or time to the financial market and knows the technicalities Involved can have more profits than losses, like you said, you can't always have an accurate prediction of the markets direction everytime so when it's going your way it's best to take profit instead of waiting for it to hit the target, this is why having a mentor is advised if you are not really an expert. The luck required in trading is minimal compared to Gambling
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I have always said one thing, when we speculate in the market you can say that we are going to make a bet with what we think will happen, there is no other way, if all goes well then things will turn out with profits, this applies to the casino, trading and anything in life, but betting in a casino is something else, because in a casino things are much more down to luck, and that is already for me dangerous and is risking too much money, I honestly would not do it, that is why there is always a lot of difference between betting and trading.
casino games many people know it with gambling and also the game system is very easy but winning this game with luck is hard to guess, this is where we will try our luck whether lucky or not. if we talk about the comparison between casinos and crypto trading it is very different even though both are equally installed but crypto must have knowledge about crypto and the market so that in trading it is easier to have the coins you want to trade.
You can use your knowledge and expertise in trading, whereas in gambling, luck decides for you and your potential profits.
They are different in that regard, though some trade the same as they gamble.
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While trading and gambling have some complementary relationships, they are not entirely the same. Gambling depends entirely on luck, in this case a trader has a sure chance to make money if they do proper market research and apply the right strategy while trading (but this is not possible for everyone, no one except the top traders can make money easily from trading ). But in gambling we cannot do any research or analysis, we have to leave it to luck and accept the results of immediate profit or loss, where most of the time the probability of loss is high. So even though there is risk in both cases, that risk can be minimized through skill and proper strategy in trading, which is not possible in gambling.
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While trading and gambling have some complementary relationships, they are not entirely the same. Gambling depends entirely on luck, in this case a trader has a sure chance to make money if they do proper market research and apply the right strategy while trading (but this is not possible for everyone, no one except the top traders can make money easily from trading ). But in gambling we cannot do any research or analysis, we have to leave it to luck and accept the results of immediate profit or loss, where most of the time the probability of loss is high. So even though there is risk in both cases, that risk can be minimized through skill and proper strategy in trading, which is not possible in gambling.
In trading we must have the right skills and strategies in order to gain profit, and trading requires this including the ability to make fundamental and technical analysis, I agree with this opinion. While in gambling we only depend on luck and maybe experience as a gambler. but if we have the perseverance in learning something we should choose to trade.
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Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
Yes, trading and gambling are different. But it can be the same if we trade with no proper knowledge. In gambling, people expect more on the luck to succeed. Meanwhile in trading, people will try to have enough knowledge to increase the chance for success. We treat trading in a different way, we rely on our knowledge and experience to ear good profits. But in gambling, there is no way to increase the chance for success if we have no luck.
I totally agree with you on this, trading can actually be gambling to an extent depending on how you has the trader handle it. Trading with zero or average knowledge about the market is gambling because you are not familiar with structures and technicalities of the market you are just after whatever you can get which makes it a risky gamble, traders that wait for trading signals are under this category, they just pick any trade an expert gives to them without studying the direction of the Market. Lastly those that trade against the trend are the biggest gamblers
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Trading is never been tha considered a gambling, it would become do so on the moment or time that you do make out some entries but without having any
analysis or strategies that you have applied.This is the time or moment that it would be considered out that you are really just that simply doing gambling
yet you dont really know on what are the things that could happen. We do know that when it comes into this approach then trading is something that could
bring out profits for long term and gambling is really just that for the sake of fun.
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Trading is never been tha considered a gambling, it would become do so on the moment or time that you do make out some entries but without having any
analysis or strategies that you have applied.This is the time or moment that it would be considered out that you are really just that simply doing gambling
yet you dont really know on what are the things that could happen. We do know that when it comes into this approach then trading is something that could
bring out profits for long term and gambling is really just that for the sake of fun.
The use of cryptocurrencies will also require a high level of awareness, mutual respectable and compliance to the law of the land to help in the development of a sound market for the same. The regulation of investors is one thing that the government should undertake while simultaneously seeing to it that operation in this market does not pose any harm. At the same time, the industry players require polices that enable them to continue innovating and which do not encumber the market.
Negotiating benefit will be advantageous to both parties in the government and users. By constraining the use of cryptos to meet the set standard, several people will have confidence in utilizing crypto as an investment tool and transactional tool all of which will enhance the public faith in this technology.
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I totally agree with you on this, trading can actually be gambling to an extent depending on how you has the trader handle it. Trading with zero or average knowledge about the market is gambling because you are not familiar with structures and technicalities of the market you are just after whatever you can get which makes it a risky gamble, traders that wait for trading signals are under this category, they just pick any trade an expert gives to them without studying the direction of the Market. Lastly those that trade against the trend are the biggest gamblers
Trading can be like gambling if we use random strategies. But if use proper strategy in trading, it is totally different with gambling. Only people who trade with less of knowledge that will do trading similar with gambling. Meanwhile for those people who have good knowledge, they will have certain strategy that can lead to a higher chance of profits. Doing analysis, have a research, and be selective in choosing coins are the ways to increase the chance of profits. ;)
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I totally agree with you on this, trading can actually be gambling to an extent depending on how you has the trader handle it. Trading with zero or average knowledge about the market is gambling because you are not familiar with structures and technicalities of the market you are just after whatever you can get which makes it a risky gamble, traders that wait for trading signals are under this category, they just pick any trade an expert gives to them without studying the direction of the Market. Lastly those that trade against the trend are the biggest gamblers
Trading can be like gambling if we use random strategies. But if use proper strategy in trading, it is totally different with gambling. Only people who trade with less of knowledge that will do trading similar with gambling. Meanwhile for those people who have good knowledge, they will have certain strategy that can lead to a higher chance of profits. Doing analysis, have a research, and be selective in choosing coins are the ways to increase the chance of profits. ;)
In my opinion, trading is not gambling or similar to gambling because in trading we have to learn to make analysis, read charts and have plans and strategies. While in gambling, people only depend on luck. We can practice trading to gain experience and this requires a long process.
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In my opinion, trading is not gambling or similar to gambling because in trading we have to learn to make analysis, read charts and have plans and strategies. While in gambling, people only depend on luck. We can practice trading to gain experience and this requires a long process.
We can conclude with one word that gambling and trading are not the same thing and that is that gambling depends entirely on luck, on the other hand, the success and profit of trading depends on your analysis skill. The better the skill, the higher the profit in trading.
I think those people who think trading and gambling are the same who don't know anything about trading. It may also be that they have invested here unknowingly, some may have made a profit, on the other hand, some may have lost, so they consider it gambling.
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In my opinion, trading is not gambling or similar to gambling because in trading we have to learn to make analysis, read charts and have plans and strategies. While in gambling, people only depend on luck. We can practice trading to gain experience and this requires a long process.
Trading is surely different than gambling. Gambling mostly relies on the luck, trading will rely on the skills. But to have good skills, it won't be easy, someone needs to have knowledge and experience. Many people misunderstand about trading, they think trading is an easy job in crypto. So many of them just trade with no proper knowledge because they don't want to take a process of learning a long time. So, as the result, they fail with severe losses at the end.
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I totally agree with you on this, trading can actually be gambling to an extent depending on how you has the trader handle it. Trading with zero or average knowledge about the market is gambling because you are not familiar with structures and technicalities of the market you are just after whatever you can get which makes it a risky gamble, traders that wait for trading signals are under this category, they just pick any trade an expert gives to them without studying the direction of the Market. Lastly those that trade against the trend are the biggest gamblers
Trading can be like gambling if we use random strategies. But if use proper strategy in trading, it is totally different with gambling. Only people who trade with less of knowledge that will do trading similar with gambling. Meanwhile for those people who have good knowledge, they will have certain strategy that can lead to a higher chance of profits. Doing analysis, have a research, and be selective in choosing coins are the ways to increase the chance of profits. ;)
I see both trading and gambling in two ways. Gambling can make a lot of money in a very short period of time and it is also possible to lose all money in a short period of time and become destitute. But if we do trading, there is no big risk in it. There is a chance of losing all the money but in trading the chance of losing all the money is very less. So I think trading is much better than gambling. Sometimes I myself like to gamble in my spare time. But there are some people who see gambling as a profession. I think they are. Still living in the realm of fools because gambling never makes one big.
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Most of the time, both online and offline, there has been some argument relating to the title of this thread. Some people think that trading is just based on luck, like the way gambling is basically dependent on how lucky the player can be. In trading, there are some trading tools and parameters that traders use to analyze the market. Despite the fact that the crypto market is quite unpredictable all the time, traders and some market analysts use most of the trading tools to analyze the direction of the market, and that's what gives them the insight to make some predictions that could actually be correct. Some market predictions may not actually be 100%, 90%, or 80% accurate, but in most cases, they could be around 60–70% accurate, and some traders will advise you to make sure you "take profit" where you have met a good sum of profit. It is better to take a profit than to wait for your prediction to actually be 100% of the price you expect to sell.
The crypto market is very dynamic, and despite the fact that crypto enthusiasts cannot actually be 100% accurate about the direction of the market, that doesn't mean that trading should be handled as gambling. As a trader, it's good to keep learning and developing your own personal strategy that can help you win in the market; otherwise, you'll experience more losses than profits.
Also, there are different kinds of trading, such as grid trading, spot trading, forex trading, and futures trading. Those kinds of leveraged trading, such as futures and forex, are a bit more risky than spot trading. Spot trading is what I actually prefer because it is just the normal buying of a coin or token when the price is okay for you, and you can sell after the price spikes a bit and generate little profit for you.
Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
Interesting idea. It is possible to never sell at a loss. If you never lose you would not be gambling.
It is very difficult to follow rules of never selling at at a loss.
If I buy $100 usd worth of btc and never sell it at a loss I would not be gambing.
I would be a very slow trader in some cases holding for a year may be needed.
It is not a buy and hold it is a buy and sell at say %100 profit.
Now you could sell in a day or two if the coin goes up fast.
So if your trading move it buy and sell at 2x the price you can’t lose.
so you are correct about trading. If you are willing to trade slowly you are not gambling.
But there is one more caveat you need to trade blue chip coins.
Btc
Ltc
Doge
For pos
and
Eth as much as I hate it
Solana
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I see both trading and gambling in two ways. Gambling can make a lot of money in a very short period of time and it is also possible to lose all money in a short period of time and become destitute. But if we do trading, there is no big risk in it. There is a chance of losing all the money but in trading the chance of losing all the money is very less. So I think trading is much better than gambling. Sometimes I myself like to gamble in my spare time. But there are some people who see gambling as a profession. I think they are. Still living in the realm of fools because gambling never makes one big.
What happened is that they both depends on the types of trading you are involving yourself, let say for instance, binary trading, (option trading), then comparing it to gambling they both looking the same. But if you comparing bitcoin trading (spot trading) it's not the same but with binary trading there is every possibility to lose all money instantly just as gambling, but while gambling there may be some cases were you would lose all money in a single bet and can't be recovered back so it's applicable to binary trading as well.
Trading on spots there is every tendency that you would lose only some certain amount provided that you have set your Stop-Lose (SL) and Take-Profit (TP), the chances of losing will be very slime unlike someone who is gambling. But most times I often see people comparing these two things without much differentiation on how they works, that is why when people keeps referring gambling as trading then i don't really pay attention to them.
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Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
Yes, trading and gambling are different. But it can be the same if we trade with no proper knowledge. In gambling, people expect more on the luck to succeed. Meanwhile in trading, people will try to have enough knowledge to increase the chance for success. We treat trading in a different way, we rely on our knowledge and experience to ear good profits. But in gambling, there is no way to increase the chance for success if we have no luck.
I totally agree with you on this, trading can actually be gambling to an extent depending on how you has the trader handle it. Trading with zero or average knowledge about the market is gambling because you are not familiar with structures and technicalities of the market you are just after whatever you can get which makes it a risky gamble, traders that wait for trading signals are under this category, they just pick any trade an expert gives to them without studying the direction of the Market. Lastly those that trade against the trend are the biggest gamblers
You have said it all mate, in addition to what you said, trading is a skill that you can be a professional in it. But gambling depends purely on luck for you to make profit. A lot of newbies come into the crypto space to make quick profit from trading and end up into big loss because they have little or no knowledge about trading, they are the ones that are gamblers.
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You have said it all mate, in addition to what you said, trading is a skill that you can be a professional in it. But gambling depends purely on luck for you to make profit. A lot of newbies come into the crypto space to make quick profit from trading and end up into big loss because they have little or no knowledge about trading, they are the ones that are gamblers.
I have read alot of replies and I think this thread is about been subjective to what you understand. Some people are dropping their own opinion based on what they do and see trading as gambling. If it works for them that way, then I will say it's their luck and they can continue to do that as long as they are making money but trading and gambling are two different ways of making money.
Trading and gambling need skills, you need skill to excel in the two, you also need luck but the luck in the gambling is low, no matter how you are good, to can not be lucky all the time but in trading, you can make your money most of them time if the market is good. People don't even make analysis and they make money in trading, you can't try such in gambling, you will lose money.
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Most of the time, both online and offline, there has been some argument relating to the title of this thread. Some people think that trading is just based on luck, like the way gambling is basically dependent on how lucky the player can be. In trading, there are some trading tools and parameters that traders use to analyze the market. Despite the fact that the crypto market is quite unpredictable all the time, traders and some market analysts use most of the trading tools to analyze the direction of the market, and that's what gives them the insight to make some predictions that could actually be correct. Some market predictions may not actually be 100%, 90%, or 80% accurate, but in most cases, they could be around 60–70% accurate, and some traders will advise you to make sure you "take profit" where you have met a good sum of profit. It is better to take a profit than to wait for your prediction to actually be 100% of the price you expect to sell.
The crypto market is very dynamic, and despite the fact that crypto enthusiasts cannot actually be 100% accurate about the direction of the market, that doesn't mean that trading should be handled as gambling. As a trader, it's good to keep learning and developing your own personal strategy that can help you win in the market; otherwise, you'll experience more losses than profits.
Also, there are different kinds of trading, such as grid trading, spot trading, forex trading, and futures trading. Those kinds of leveraged trading, such as futures and forex, are a bit more risky than spot trading. Spot trading is what I actually prefer because it is just the normal buying of a coin or token when the price is okay for you, and you can sell after the price spikes a bit and generate little profit for you.
Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
I 100% agree with you, trading is far different from gambling... though luck could be a part in trading but they are not the same.
Trading requires appropriate knowledge and techniques especially for those on leverage, as a trader one has to acquire proper knowledge on understanding market trends, and studying candlesticks otherwise for those trading spot.
I can obviously say some people take trading to be gambling all because they don't research for essential knowledge about trading which I've been a victim of for sometime until I made a tangible loss that motivated me to sort for proper knowledge.
And I can now openly say that a trader don't place orders like a gamble, hoping the price will rise or fall as the case may be.
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I 100% agree with you, trading is far different from gambling... though luck could be a part in trading but they are not the same.
Trading requires appropriate knowledge and techniques especially for those on leverage, as a trader one has to acquire proper knowledge on understanding market trends, and studying candlesticks otherwise for those trading spot.
I can obviously say some people take trading to be gambling all because they don't research for essential knowledge about trading which I've been a victim of for sometime until I made a tangible loss that motivated me to sort for proper knowledge.
And I can now openly say that a trader don't place orders like a gamble, hoping the price will rise or fall as the case may be.
While it’s true that gambling and trading are two different things, we can’t overlook the fact that they have more similarities than you can imagine, such as risk management, inability to accurately predict the future and the need for short term gain. This and many more are the things they share in common, and while it’s also true that the reason why many traders tend to use the gambling approach is simply because they fail conduct adequate research on the pair or asset they choose to trade on. But the again, you can also agree with me, that no matter the amount of trading knowledge a trader acquires, he’s still not immune to losses, rather it can only help me mitigate the losses involved, Hence making it almost the same as gambling, due to the unpredictability of the market, regardless of the skill involved.
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Interesting idea. It is possible to never sell at a loss. If you never lose you would not be gambling.
It is very difficult to follow rules of never selling at at a loss.
If I buy $100 usd worth of btc and never sell it at a loss I would not be gambing.
I would be a very slow trader in some cases holding for a year may be needed.
This approach may no longer be considered to be gambling since the long term approach is being employed. The only way to achieve not ever selling in loss is when the investor holds the asset for a long term, in this case I wouldn’t call such a person a trader anymore, because traders are mostly after the short term gains of the market, and in this case, there’s not a guarantee of always selling in profit since one can’t be able to accurately predict the market in the short term.
And note that, this long term approach isn’t always compatible with just any kind of asset, especially the altcoins, since most altcoins are not built on a solid foundation like Bitcoin and so do not offer the kind of assurance that Bitcoin offers. I still wouldn’t advice anyone to use such an approach with altcoins, regardless of the history.
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I totally agree with you on this, trading can actually be gambling to an extent depending on how you has the trader handle it. Trading with zero or average knowledge about the market is gambling because you are not familiar with structures and technicalities of the market you are just after whatever you can get which makes it a risky gamble, traders that wait for trading signals are under this category, they just pick any trade an expert gives to them without studying the direction of the Market. Lastly those that trade against the trend are the biggest gamblers
Trading can be like gambling if we use random strategies. But if use proper strategy in trading, it is totally different with gambling. Only people who trade with less of knowledge that will do trading similar with gambling. Meanwhile for those people who have good knowledge, they will have certain strategy that can lead to a higher chance of profits. Doing analysis, have a research, and be selective in choosing coins are the ways to increase the chance of profits. ;)
I am also agree with you. Because we must know that trading is also depending on strategy and skill. Because if we follow in a successful trader, we can see that they earn there best profit for using there strategy. Because a successful trader can be success by using his correct trading knowledge. But another we saw in gambling site, it not need to extra knowledge for earn huge profit. So i told that trading is not same things as gambling. Because i believe that gambling site will depending on your luck.
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I am very sure that Trading is not the same or even similar to Gambling. Again, Trading is not by luck but gambling is mostly depend on luck.
Trading requires high level of experience to earn constantly but gambling is based on a probability. There are some little similarities on both options, the future price of coins may be difficult to predict, while the future gaming outcome may be very uncertain too.
Trading is main for experienced traders, but Gambling is absolutely a game of positive os negative outcomes without experience.
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I am very sure that Trading is not the same or even similar to Gambling. Again, Trading is not by luck but gambling is mostly depend on luck.
Trading requires high level of experience to earn constantly but gambling is based on a probability. There are some little similarities on both options, the future price of coins may be difficult to predict, while the future gaming outcome may be very uncertain too.
Trading is main for experienced traders, but Gambling is absolutely a game of positive os negative outcomes without experience.
I agree Trading and gambling are not they may look similar at first but they are not. Trading needs skill and plan and experience. It involves making informed decisions based on understanding market and managing risks. On the other hand gambling mainly relies on luck. You can not control outcome and it is unpredictable.
Both trading and gambling have unknown results but trading lets you make smart guesses. Gambling is game where you either win or lose. So the main differences are that trading requires knowledge and experience while gambling depends on luck.
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I agree Trading and gambling are not they may look similar at first but they are not. Trading needs skill and plan and experience. It involves making informed decisions based on understanding market and managing risks. On the other hand gambling mainly relies on luck. You can not control outcome and it is unpredictable.
Basically, trading and gambling are different. But if you trade with almost zero knowledge, it can be called as gambling, too. ;D
Yep, trading requires specific abilities, also needs experience. Gambling doesn't need this, some gambling games only need the luck. Since these have different approach, surely they are not the same.
Both trading and gambling have unknown results but trading lets you make smart guesses. Gambling is game where you either win or lose. So the main differences are that trading requires knowledge and experience while gambling depends on luck.
Even trading doesn't guarantee for profits, it is not the same as gambling. I have explained above, they have different ways.
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I agree Trading and gambling are not they may look similar at first but they are not. Trading needs skill and plan and experience. It involves making informed decisions based on understanding market and managing risks. On the other hand gambling mainly relies on luck. You can not control outcome and it is unpredictable.
Basically, trading and gambling are different. But if you trade with almost zero knowledge, it can be called as gambling, too. ;D
Yep, trading requires specific abilities, also needs experience. Gambling doesn't need this, some gambling games only need the luck. Since these have different approach, surely they are not the same.
Both trading and gambling have unknown results but trading lets you make smart guesses. Gambling is game where you either win or lose. So the main differences are that trading requires knowledge and experience while gambling depends on luck.
Even trading doesn't guarantee for profits, it is not the same as gambling. I have explained above, they have different ways.
I totally agree there. People should have enough expertise, knowledge, and responsibility to trade on the market. Before that, it may be considered gambling, or if you don't want to trade based on factors that you consider worth noting.
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I totally agree there. People should have enough expertise, knowledge, and responsibility to trade on the market. Before that, it may be considered gambling, or if you don't want to trade based on factors that you consider worth noting.
Basically necessary to have enough skills, knowledge and responsibility before going trading in the market. Otherwise it is similar to gambling and if we do not pay attention to what has to be taken into account so as not to miss a profit making opportunity, everything turns into a gamble.
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I totally agree there. People should have enough expertise, knowledge, and responsibility to trade on the market. Before that, it may be considered gambling, or if you don't want to trade based on factors that you consider worth noting.
Basically necessary to have enough skills, knowledge and responsibility before going trading in the market. Otherwise it is similar to gambling and if we do not pay attention to what has to be taken into account so as not to miss a profit making opportunity, everything turns into a gamble.
Everyone starts on being a newbie on which it will really be something inevitable that you would really be that having those kind of aims or assumpetions that making money is really just that easy
on the moment that you do touch up trading. You would be having those initial thoughts that it was really just that easy and something that you could really be able to handle.
There are really those moments or times that we will really be having those kind of desperation because we are really that believing that it was easy until you would be able to
make yourself having that kind of realization on the moment that you would be able to experience for yourself on how it do really looks like or on how it does work.
You will be having those first impressions but you would adjust accordingly.
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I agree Trading and gambling are not they may look similar at first but they are not. Trading needs skill and plan and experience. It involves making informed decisions based on understanding market and managing risks. On the other hand gambling mainly relies on luck. You can not control outcome and it is unpredictable.
Basically, trading and gambling are different. But if you trade with almost zero knowledge, it can be called as gambling, too. ;D
Yep, trading requires specific abilities, also needs experience. Gambling doesn't need this, some gambling games only need the luck. Since these have different approach, surely they are not the same.
Both trading and gambling have unknown results but trading lets you make smart guesses. Gambling is game where you either win or lose. So the main differences are that trading requires knowledge and experience while gambling depends on luck.
Even trading doesn't guarantee for profits, it is not the same as gambling. I have explained above, they have different ways.
I totally agree there. People should have enough expertise, knowledge, and responsibility to trade on the market. Before that, it may be considered gambling, or if you don't want to trade based on factors that you consider worth noting.
Trading is more important for responsible people and they need extensive market analysis to become a successful trader. While trading is for skilled people trading can be very risky for novice investors, which leads many to compare trading to gambling as some investors tend to trade only for the sake of profit. According to me, if you want to be a well-valued and competent trader, you should have a decent holding so that you can get high profits through any strategy, short-term or long-term.
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Trading is more important for responsible people and they need extensive market analysis to become a successful trader. While trading is for skilled people trading can be very risky for novice investors, which leads many to compare trading to gambling as some investors tend to trade only for the sake of profit. According to me, if you want to be a well-valued and competent trader, you should have a decent holding so that you can get high profits through any strategy, short-term or long-term.
I agree that traders must have a broad analysis of existing coins, markets and projects. Because in conducting analysis we must consider many things including the sustainability of the project if we choose a new coin. Trading based on analysis and prediction while gambling is based on luck. That's in my opinion.
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I totally agree with you on this, trading can actually be gambling to an extent depending on how you has the trader handle it. Trading with zero or average knowledge about the market is gambling because you are not familiar with structures and technicalities of the market you are just after whatever you can get which makes it a risky gamble, traders that wait for trading signals are under this category, they just pick any trade an expert gives to them without studying the direction of the Market. Lastly those that trade against the trend are the biggest gamblers
Trading can be like gambling if we use random strategies. But if use proper strategy in trading, it is totally different with gambling. Only people who trade with less of knowledge that will do trading similar with gambling. Meanwhile for those people who have good knowledge, they will have certain strategy that can lead to a higher chance of profits. Doing analysis, have a research, and be selective in choosing coins are the ways to increase the chance of profits. ;)
I am also agree with you. Because we must know that trading is also depending on strategy and skill. Because if we follow in a successful trader, we can see that they earn there best profit for using there strategy. Because a successful trader can be success by using his correct trading knowledge. But another we saw in gambling site, it not need to extra knowledge for earn huge profit. So i told that trading is not same things as gambling. Because i believe that gambling site will depending on your luck.
To make money from trading definitely depends on strategy and skill. I have seen some people they can't make money from trading because of their own mistakes. To make money from trading we must have good knowledge and skill about trading. Some times I have experienced losses myself. But sometimes if you can trade in haste it seems like a big risk to me. I have seen some of my friends who have made a lot of profit from trading because they are very experienced about trading.
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To make money from trading definitely depends on strategy and skill. I have seen some people they can't make money from trading because of their own mistakes. To make money from trading we must have good knowledge and skill about trading. Some times I have experienced losses myself. But sometimes if you can trade in haste it seems like a big risk to me. I have seen some of my friends who have made a lot of profit from trading because they are very experienced about trading.
You are right in trading requires experience and skills, I also do trading although not too focused only taking advantage of market corrections and doing scalping. Many friends focus on trading and making profits but they have a lot of time while I have a business in the real world that requires more focus, so trading for me is just a side job.
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I agree Trading and gambling are not they may look similar at first but they are not. Trading needs skill and plan and experience. It involves making informed decisions based on understanding market and managing risks. On the other hand gambling mainly relies on luck. You can not control outcome and it is unpredictable.
Basically, trading and gambling are different. But if you trade with almost zero knowledge, it can be called as gambling, too. ;D
Yep, trading requires specific abilities, also needs experience. Gambling doesn't need this, some gambling games only need the luck. Since these have different approach, surely they are not the same.
Yes it is true that trading with zero knowledge is tantamount to gambling. Here, by gaining experience in trading platforms like trading and profiting, similarly to gaining experience in gambling platforms, one has to gamble and earn winnings in gambling. Gambling should not always be left to luck but also requires experience in gambling platforms. For example, when betting on sports, one must be experienced with the sport, without being experienced with the sport, one can never win in sports betting. You shouldn't always leave everything to luck. Must have experience in making your own fortune.
Both trading and gambling have unknown results but trading lets you make smart guesses. Gambling is game where you either win or lose. So the main differences are that trading requires knowledge and experience while gambling depends on luck.
Even trading doesn't guarantee for profits, it is not the same as gambling. I have explained above, they have different ways.
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Yes trading never guarantees profit you have to use your own experience and strategy to take profit.
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You are right in trading requires experience and skills, I also do trading although not too focused only taking advantage of market corrections and doing scalping. Many friends focus on trading and making profits but they have a lot of time while I have a business in the real world that requires more focus, so trading for me is just a side job.
This is true, Trading does entail skills and necessary flying time, but we do not all have to make a career out of it. Opportunities arising from market movements for instance a correction to book small profits can still be exploited but this should be balanced against the main business. Although trading can be an exciting source of income, it may also be important for some of us to focus on something other than the financial markets. Engaging in it as a side hustle freelancing is a way to enjoy returns without diverting our efforts towards a different business type.
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This is true, Trading does entail skills and necessary flying time, but we do not all have to make a career out of it. Opportunities arising from market movements for instance a correction to book small profits can still be exploited but this should be balanced against the main business. Although trading can be an exciting source of income, it may also be important for some of us to focus on something other than the financial markets. Engaging in it as a side hustle freelancing is a way to enjoy returns without diverting our efforts towards a different business type.
Without a doubt, trading is one of the things that makes us think differently, keeps us entertained, keeps us alert and above all , if we Want to take it as a business, we have to see it as a business, that is, every profit that is very small is a gain, and above all, you have to know how to Deal with things when you lose, that is why when you take into consideration that you have to risk 1% of our balance, it is the smartest thing you can do, even if it is a minimum , 1 usd , it is enough to start , and When you have some profits you can invent a Martingale with 1 dollar , 2 dollars and so on, but once you lose, leave it there.
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I totally agree there. People should have enough expertise, knowledge, and responsibility to trade on the market. Before that, it may be considered gambling, or if you don't want to trade based on factors that you consider worth noting.
Basically necessary to have enough skills, knowledge and responsibility before going trading in the market. Otherwise it is similar to gambling and if we do not pay attention to what has to be taken into account so as not to miss a profit making opportunity, everything turns into a gamble.
Trading without knowledge, calculation or research is similar to gambling. Just like a gambler waits for profit or loss after placing a bet, if a trader tries to trade without acquiring any knowledge, there will be no difference between a gambler and a trader. Simply we can say trading is a skill based platform and gambling is a luck based platform. For those who believe in luck in trading it can be like gambling.
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I totally agree there. People should have enough expertise, knowledge, and responsibility to trade on the market. Before that, it may be considered gambling, or if you don't want to trade based on factors that you consider worth noting.
Basically necessary to have enough skills, knowledge and responsibility before going trading in the market. Otherwise it is similar to gambling and if we do not pay attention to what has to be taken into account so as not to miss a profit making opportunity, everything turns into a gamble.
Trading without knowledge, calculation or research is similar to gambling. Just like a gambler waits for profit or loss after placing a bet, if a trader tries to trade without acquiring any knowledge, there will be no difference between a gambler and a trader. Simply we can say trading is a skill based platform and gambling is a luck based platform. For those who believe in luck in trading it can be like gambling.
As I read Komnetar from some of the members above, in trading we must have knowledge. I agree with this because without the knowledge of experiences and ideas in trading, it's the same as we gamble.
In fact, in the age of we have to make analysis, read charts, make predictions and develop strategies and plans that we will run.
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As I read Komnetar from some of the members above, in trading we must have knowledge. I agree with this because without the knowledge of experiences and ideas in trading, it's the same as we gamble.
In fact, in the age of we have to make analysis, read charts, make predictions and develop strategies and plans that we will run.
Komnetar? I think you need to check again this word. :D
Sure, we must have knowledge, it is the fundamental in trading. How we can trade properly if we have no knowledge? We also need knowledge to do analysis, both in determining the analysis of trading and choosing the potential coins. Also, it is need to learn the chart patterns. It is impossible to reach the chart if a trader has no proper knowledge.
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As I read Komnetar from some of the members above, in trading we must have knowledge. I agree with this because without the knowledge of experiences and ideas in trading, it's the same as we gamble.
In fact, in the age of we have to make analysis, read charts, make predictions and develop strategies and plans that we will run.
This reminds me of some friends who wanted to get into trading and they told me it was very easy, that they did it and won, I asked them how they learned it, they told me that they did it on their own, one day I saw them trading, all they did was bet as if it were gambling, and no, they had just been lucky, but when that luck ran out that was the end of the story, to trade you have to know, you have to study, and above all you have to learn every day, for me trading is everything from the outside that it is one of the most complete activities that a human being can do and practice , on the other hand gambling is not, it is something else.
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As I read Komnetar from some of the members above, in trading we must have knowledge. I agree with this because without the knowledge of experiences and ideas in trading, it's the same as we gamble.
In fact, in the age of we have to make analysis, read charts, make predictions and develop strategies and plans that we will run.
This reminds me of some friends who wanted to get into trading and they told me it was very easy, that they did it and won, I asked them how they learned it, they told me that they did it on their own, one day I saw them trading, all they did was bet as if it were gambling, and no, they had just been lucky, but when that luck ran out that was the end of the story, to trade you have to know, you have to study, and above all you have to learn every day, for me trading is everything from the outside that it is one of the most complete activities that a human being can do and practice , on the other hand gambling is not, it is something else.
Usually these words are into those people who are really that have able to experience that winning trade on the moment or time that they had start out. We do know that when it comes into this manner on which this do bring up that kind of confidence towards yourself and really be instilling into your mind that it was easy but on the time or moment that they will be facing up some issues or problems then this is where they would really be starting out to make adjustments on which i could say that this will really be that likely the case that do happen. It is really that important that you do really know on what are the things you've been dealing. Primary mistakes are common due to lack of knowledge but making out those learnings along the way will really be obtained
and this is something that you do need to adapt and apply into your future trades.
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Usually these words are into those people who are really that have able to experience that winning trade on the moment or time that they had start out. We do know that when it comes into this manner on which this do bring up that kind of confidence towards yourself and really be instilling into your mind that it was easy but on the time or moment that they will be facing up some issues or problems then this is where they would really be starting out to make adjustments on which i could say that this will really be that likely the case that do happen. It is really that important that you do really know on what are the things you've been dealing. Primary mistakes are common due to lack of knowledge but making out those learnings along the way will really be obtained
and this is something that you do need to adapt and apply into your future trades.
Success in trading is always encouraging, motivating, and the boost to our credentials, on the same note, I think that the difficult stages are the ones that shape us. In its turn. When there is an opposition, a lot can be taught about what is needed to advance. Rather, relatively often ignorance is the root of the error, but if we want to make studying the process we go through an attitude of gaining and developing the knowledge and experience we need, we undoubtedly should be enriched in the course of studying the given process. These will all be useful bounties that will be of service in the future whether they are lessons, advice, or ideas.
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As I read Komnetar from some of the members above, in trading we must have knowledge. I agree with this because without the knowledge of experiences and ideas in trading, it's the same as we gamble.
In fact, in the age of we have to make analysis, read charts, make predictions and develop strategies and plans that we will run.
Komnetar? I think you need to check again this word. :D
Sure, we must have knowledge, it is the fundamental in trading. How we can trade properly if we have no knowledge? We also need knowledge to do analysis, both in determining the analysis of trading and choosing the potential coins. Also, it is need to learn the chart patterns. It is impossible to reach the chart if a trader has no proper knowledge.
true a trader must learn the science of trading as well as crypto trading, we must prepare strategies and knowledge in analyzing market charts in order to obtain satisfactory results for us..
something we want to achieve must have effort and determination with that we can easily achieve it.. often we find a beginner entering the world of trading without having knowledge about analyzing the market and the results they get are losses, it's just that if they are lucky it means luck is on their side.
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true a trader must learn the science of trading as well as crypto trading, we must prepare strategies and knowledge in analyzing market charts in order to obtain satisfactory results for us..
something we want to achieve must have effort and determination with that we can easily achieve it.. often we find a beginner entering the world of trading without having knowledge about analyzing the market and the results they get are losses, it's just that if they are lucky it means luck is on their side.
Knowledge has the most crucial role in trading. We need a proper knowledge to analyze the charts, to understand market trends, and to learn any issues on the crypto space. Also, we need to have good approach in learning the fundamental and technical analysis. Have good strategy will be also important, this should be adjusted with the current market condition. So, there are a lot of things that we need to have as a trader. The success will rely on those things, so we must always understand that learning is a crucial part. Especially for the beginner, they need to focus on learning first.
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true a trader must learn the science of trading as well as crypto trading, we must prepare strategies and knowledge in analyzing market charts in order to obtain satisfactory results for us..
something we want to achieve must have effort and determination with that we can easily achieve it.. often we find a beginner entering the world of trading without having knowledge about analyzing the market and the results they get are losses, it's just that if they are lucky it means luck is on their side.
Knowledge has the most crucial role in trading. We need a proper knowledge to analyze the charts, to understand market trends, and to learn any issues on the crypto space. Also, we need to have good approach in learning the fundamental and technical analysis. Have good strategy will be also important, this should be adjusted with the current market condition. So, there are a lot of things that we need to have as a trader. The success will rely on those things, so we must always understand that learning is a crucial part. Especially for the beginner, they need to focus on learning first.
Whether a beginner or an experienced trader, everyone needs to learn. If someone thinks they are a very experienced trader with little knowledge of trading platforms, they will definitely be at a loss. It is very important for all of us to keep learning and learn important techniques. Trading platform is not an easy way to make money, there is no substitute for learning about trading to make money from it. Of course it takes a lot of hard work to get success if we can achieve something good through our hard work then surely we can create success in any field. If we consider from our own side, we can see that we are not experienced traders, we trade mostly based on assumptions.
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I totally agree there. People should have enough expertise, knowledge, and responsibility to trade on the market. Before that, it may be considered gambling, or if you don't want to trade based on factors that you consider worth noting.
Basically necessary to have enough skills, knowledge and responsibility before going trading in the market. Otherwise it is similar to gambling and if we do not pay attention to what has to be taken into account so as not to miss a profit making opportunity, everything turns into a gamble.
Trading without knowledge, calculation or research is similar to gambling. Just like a gambler waits for profit or loss after placing a bet, if a trader tries to trade without acquiring any knowledge, there will be no difference between a gambler and a trader. Simply we can say trading is a skill based platform and gambling is a luck based platform. For those who believe in luck in trading it can be like gambling.
This is very true and relatable. Knowledge is required in order it be a good trader while no knowledge is required to be a gambler, it’s just base on probability and on the side you chose which may or may not favor you sometimes, it’s truly a luck based game. For a beginner trader that is so anxious to be profitable at trading, they may want to make that mistake of trying to outsmart the market not knowing they’ve gone off trading mode and went into a gambler mode, which they can be called one at that time. Both are risky but the one that requires knowledge is worth it in the end because when it does begin to pay you, you will not be having any problem to think of losing more money than you can gain at that time.
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I totally agree there. People should have enough expertise, knowledge, and responsibility to trade on the market. Before that, it may be considered gambling, or if you don't want to trade based on factors that you consider worth noting.
Basically necessary to have enough skills, knowledge and responsibility before going trading in the market. Otherwise it is similar to gambling and if we do not pay attention to what has to be taken into account so as not to miss a profit making opportunity, everything turns into a gamble.
Trading without knowledge, calculation or research is similar to gambling. Just like a gambler waits for profit or loss after placing a bet, if a trader tries to trade without acquiring any knowledge, there will be no difference between a gambler and a trader. Simply we can say trading is a skill based platform and gambling is a luck based platform. For those who believe in luck in trading it can be like gambling.
This is very true and relatable. Knowledge is required in order it be a good trader while no knowledge is required to be a gambler, it’s just base on probability and on the side you chose which may or may not favor you sometimes, it’s truly a luck based game. For a beginner trader that is so anxious to be profitable at trading, they may want to make that mistake of trying to outsmart the market not knowing they’ve gone off trading mode and went into a gambler mode, which they can be called one at that time. Both are risky but the one that requires knowledge is worth it in the end because when it does begin to pay you, you will not be having any problem to think of losing more money than you can gain at that time.
for newbies they should seek knowledge and experience first, because trading is not gambling.
and becoming a trader takes time to learn by seeking experience and always practicing to become a good trader.
We must have knowledge and experience so that we can develop the right strategy as many people suggest. I agree with this
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for newbies they should seek knowledge and experience first, because trading is not gambling.
and becoming a trader takes time to learn by seeking experience and always practicing to become a good trader.
We must have knowledge and experience so that we can develop the right strategy as many people suggest. I agree with this
That is why we must allocate time for our training in the world of trading because this is a process that requires patience and genuine approach. Trading is not one of the luck factors, but the ability which is improving day by day through the fresh experience and daily practise. The more we add to our knowledge, the better in improving our skills, and thus being prepared for creating strategies tailored to our needs and conditions, thus we become more confident traders to rely on.
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for newbies they should seek knowledge and experience first, because trading is not gambling.
and becoming a trader takes time to learn by seeking experience and always practicing to become a good trader.
We must have knowledge and experience so that we can develop the right strategy as many people suggest. I agree with this
That is why we must allocate time for our training in the world of trading because this is a process that requires patience and genuine approach. Trading is not one of the luck factors, but the ability which is improving day by day through the fresh experience and daily practise. The more we add to our knowledge, the better in improving our skills, and thus being prepared for creating strategies tailored to our needs and conditions, thus we become more confident traders to rely on.
This is very true, if we want to become professional traders then we must set aside our time to learn this crypto trading. Because this crypto trading is not easy, it takes seriousness to do it. We can learn about crypto trading from trading groups, both paid and free.
The longer we are here, the more knowledge we will have about trading. And of course it will be very useful for us when running this crypto trading.
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Trading needs skill, experience and good management of emotion.
Gambling too. it seems the same... ;D ;D ;D
what's the difference?
What differentiates trading and gambling is the way of analyzing charts, candles, etc.
Learn the project, fundamental, man behind etc.
Gambling is game, Gambling is a game where we don't play analysis, just play luck
Honestly, there are differences between trading and gambling, and many forum members has also explained for better understanding.
Now, gambling is actually characterize by chances of winning and losing by betting money on games or other activities, while Trading involves buying and selling financial asset to earn profit. Trading requires experience and a good knowledge of the crypto market., while is gambling is betting money on sports or other activities outcomes, and it is based on luck.
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Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
- Most of the newbies who get into trading right away think of trading like gambling in a casino. This type or class of traders cannot be considered real traders because others or most think that it is just buy and sell, buy at low and then sell at high.
They thought that it was easy to do; they didn't immediately think that there are underlying reasons for buying and selling crypto assets in this field of bitcoin and crypto. So the traders who think they are like that in the title but whose mindset and view of trading is like gambling are not really traders; instead, they are gamblers.
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- Most of the newbies who get into trading right away think of trading like gambling in a casino. This type or class of traders cannot be considered real traders because others or most think that it is just buy and sell, buy at low and then sell at high.
They thought that it was easy to do; they didn't immediately think that there are underlying reasons for buying and selling crypto assets in this field of bitcoin and crypto. So the traders who think they are like that in the title but whose mindset and view of trading is like gambling are not really traders; instead, they are gamblers.
New traders mostly think trading is like gambling just buying low and selling high. But real traders know it is more complex requiring analysis strategy and discipline. Unlike gamblers who depend on luck and emotions traders use planning and techniques to minimize losses. To succeed traders must be educated experienced and self and staying calm. This means avoiding bad decisions and focusing on long term goals. With being disciplined and informed traders can avoid gambling like mistakes and achieve success in financial markets.
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- Most of the newbies who get into trading right away think of trading like gambling in a casino. This type or class of traders cannot be considered real traders because others or most think that it is just buy and sell, buy at low and then sell at high.
They thought that it was easy to do; they didn't immediately think that there are underlying reasons for buying and selling crypto assets in this field of bitcoin and crypto. So the traders who think they are like that in the title but whose mindset and view of trading is like gambling are not really traders; instead, they are gamblers.
New traders mostly think trading is like gambling just buying low and selling high. But real traders know it is more complex requiring analysis strategy and discipline. Unlike gamblers who depend on luck and emotions traders use planning and techniques to minimize losses. To succeed traders must be educated experienced and self and staying calm. This means avoiding bad decisions and focusing on long term goals. With being disciplined and informed traders can avoid gambling like mistakes and achieve success in financial markets.
its often what is taught actually that's why it sounds very simple as buy low and sell high. but true it needs analysis and learning that needs time and experience which i guess the newbie should just dive and keep experimenting as long as the amount they throw is just as small they can afford to lose.
either that is what new traders do or just hold. most of the traders that are coming these days are very experience already, they may come from stock or forex market. these are the ones that i think can gamble more capital to gain more.
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its often what is taught actually that's why it sounds very simple as buy low and sell high. but true it needs analysis and learning that needs time and experience which i guess the newbie should just dive and keep experimenting as long as the amount they throw is just as small they can afford to lose.
either that is what new traders do or just hold. most of the traders that are coming these days are very experience already, they may come from stock or forex market. these are the ones that i think can gamble more capital to gain more.
Cryptos investments might seem to be fairly easy to manage yet we all know that between the lines of the buying low and selling high strategies, there are numerous factors, the management of which we need to master. Consequently, it is crucial for it and us to understand that any small step that has been made with enough awareness can be meaningful in our learning. Newbie traders should invest a small amount of money first because they are likely to incur a loss once they start trading as they get familiar with the market they do not feel pressurised much.
That leaves the experience from other monetary sectors, including stocks or forex as a positive advantage. However, it also continues to involve the fact that crypto market has its own characteristic that is not similar to the real market. This means that even if our experiences are not similar we have a chance to listen and to develop. Thus, through consistent efforts to engage in such processes and understand the results, and refine our approaches, we learn how to lay a better foundation to be more willing to take steps in such a volatile market place.
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Usually these words are into those people who are really that have able to experience that winning trade on the moment or time that they had start out. We do know that when it comes into this manner on which this do bring up that kind of confidence towards yourself and really be instilling into your mind that it was easy but on the time or moment that they will be facing up some issues or problems then this is where they would really be starting out to make adjustments on which i could say that this will really be that likely the case that do happen. It is really that important that you do really know on what are the things you've been dealing. Primary mistakes are common due to lack of knowledge but making out those learnings along the way will really be obtained
and this is something that you do need to adapt and apply into your future trades.
Success in trading is always encouraging, motivating, and the boost to our credentials, on the same note, I think that the difficult stages are the ones that shape us. In its turn. When there is an opposition, a lot can be taught about what is needed to advance. Rather, relatively often ignorance is the root of the error, but if we want to make studying the process we go through an attitude of gaining and developing the knowledge and experience we need, we undoubtedly should be enriched in the course of studying the given process. These will all be useful bounties that will be of service in the future whether they are lessons, advice, or ideas.
When we do see someone whose really that making up some huge profits in trading on which this will really be that making us having that kind of boost when it comes to do on the same thing.
Part of being a noob on which we do really have those kind of hopes and anticipations that it is really that too easy and it will really be that not having some challenges not until on the moment or time that you will be able to experience those tough situations specially on dealing up with an unpredictable market. It will really be always best that you should really know on how to go with the flow on which its something that you will really be needed up to be versatile on every situations or conditions that you will be able to encounter.
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- Most of the newbies who get into trading right away think of trading like gambling in a casino. This type or class of traders cannot be considered real traders because others or most think that it is just buy and sell, buy at low and then sell at high.
They thought that it was easy to do; they didn't immediately think that there are underlying reasons for buying and selling crypto assets in this field of bitcoin and crypto. So the traders who think they are like that in the title but whose mindset and view of trading is like gambling are not really traders; instead, they are gamblers.
The actual reason why most newbies consider trading to be exactly like gambling is simply because they lack experience and information. Yes, because it’s only one who is naive that’ll really think of the both concepts to be exactly the same and cannot distinguish between them both. Yes gambling and trading may have more similarities that the ordinary man without trading knowledge may think of them as the same.
While there’s a presence of risk and uncertainty in both sides, trading can on the other hand be considered to be more advantageous due to the fact that there are many ways one can conduct his research about the the asset before entering, and if you get your facts right, and using the provided analytical tools and methods, you have a higher chance of success and not having to solely depend on luck for success like it is in gambling. So they may seem the same but when you calm down to look at the both context, you’ll realize just how different they are.
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- Most of the newbies who get into trading right away think of trading like gambling in a casino. This type or class of traders cannot be considered real traders because others or most think that it is just buy and sell, buy at low and then sell at high.
They thought that it was easy to do; they didn't immediately think that there are underlying reasons for buying and selling crypto assets in this field of bitcoin and crypto. So the traders who think they are like that in the title but whose mindset and view of trading is like gambling are not really traders; instead, they are gamblers.
New traders mostly think trading is like gambling just buying low and selling high. But real traders know it is more complex requiring analysis strategy and discipline. Unlike gamblers who depend on luck and emotions traders use planning and techniques to minimize losses. To succeed traders must be educated experienced and self and staying calm. This means avoiding bad decisions and focusing on long term goals. With being disciplined and informed traders can avoid gambling like mistakes and achieve success in financial markets.
its often what is taught actually that's why it sounds very simple as buy low and sell high. but true it needs analysis and learning that needs time and experience which i guess the newbie should just dive and keep experimenting as long as the amount they throw is just as small they can afford to lose.
either that is what new traders do or just hold. most of the traders that are coming these days are very experience already, they may come from stock or forex market. these are the ones that i think can gamble more capital to gain more.
The theory of trading sounds easy, buy low and sell high. but in practice it is difficult to do because sometimes our analysis and predictions are wrong and we end up trapped. that's why in trading it takes experience and skills in doing it, currently we see great traders, maybe you are right they are from forex and stocks. because they feel crypto is more interesting that's why they switch to crypto. I have been trading for a long time, although not yet a professional because I am still learning.
When we do see someone whose really that making up some huge profits in trading on which this will really be that making us having that kind of boost when it comes to do on the same thing.
Part of being a noob on which we do really have those kind of hopes and anticipations that it is really that too easy and it will really be that not having some challenges not until on the moment or time that you will be able to experience those tough situations specially on dealing up with an unpredictable market. It will really be always best that you should really know on how to go with the flow on which its something that you will really be needed up to be versatile on every situations or conditions that you will be able to encounter.
very happy and interesting to see someone who succeeds in trading, because it is not easy to become a professional trader. many people because as you said see people succeed in trading, they want to follow it by learning to trade. I am the same, but trading requires a process and sacrifice to become skilled. It takes capital and keep the spirit to learn after experiencing failure. I also often suffered losses in trading in the past when I started learning to trade, but I learned from all those mistakes.
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When we do see someone whose really that making up some huge profits in trading on which this will really be that making us having that kind of boost when it comes to do on the same thing.
Part of being a noob on which we do really have those kind of hopes and anticipations that it is really that too easy and it will really be that not having some challenges not until on the moment or time that you will be able to experience those tough situations specially on dealing up with an unpredictable market. It will really be always best that you should really know on how to go with the flow on which its something that you will really be needed up to be versatile on every situations or conditions that you will be able to encounter.
Surely the urge will be there when seeing someone succeed with their trading, and if we can't control ourselves then maybe we will make a messy trade.
It doesn't really matter if that happens, I mean we have to make that urge a motivation. Not by suddenly doing the same thing, but by working harder in learning to improve what we will do.
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When we do see someone whose really that making up some huge profits in trading on which this will really be that making us having that kind of boost when it comes to do on the same thing.
Part of being a noob on which we do really have those kind of hopes and anticipations that it is really that too easy and it will really be that not having some challenges not until on the moment or time that you will be able to experience those tough situations specially on dealing up with an unpredictable market. It will really be always best that you should really know on how to go with the flow on which its something that you will really be needed up to be versatile on every situations or conditions that you will be able to encounter.
Surely the urge will be there when seeing someone succeed with their trading, and if we can't control ourselves then maybe we will make a messy trade.
It doesn't really matter if that happens, I mean we have to make that urge a motivation. Not by suddenly doing the same thing, but by working harder in learning to improve what we will do.
When we are just starting on something that we havent been able to encounter before then we would really be having that kind of approach or kind of reaction.
On the moment or time that it would really be giving out some negative results or outcome then this is the time that we would really be making out such adjustment.
This is why it will really be that understandable that there will really be that kind of situation on which we will really be having those kind of boost up but
eventually we will be able to make out adjustments accordingly.
-
When we do see someone whose really that making up some huge profits in trading on which this will really be that making us having that kind of boost when it comes to do on the same thing.
Part of being a noob on which we do really have those kind of hopes and anticipations that it is really that too easy and it will really be that not having some challenges not until on the moment or time that you will be able to experience those tough situations specially on dealing up with an unpredictable market. It will really be always best that you should really know on how to go with the flow on which its something that you will really be needed up to be versatile on every situations or conditions that you will be able to encounter.
Surely the urge will be there when seeing someone succeed with their trading, and if we can't control ourselves then maybe we will make a messy trade.
It doesn't really matter if that happens, I mean we have to make that urge a motivation. Not by suddenly doing the same thing, but by working harder in learning to improve what we will do.
When we are just starting on something that we havent been able to encounter before then we would really be having that kind of approach or kind of reaction.
On the moment or time that it would really be giving out some negative results or outcome then this is the time that we would really be making out such adjustment.
This is why it will really be that understandable that there will really be that kind of situation on which we will really be having those kind of boost up but
eventually we will be able to make out adjustments accordingly.
One thing we should also keep in mind is that proof and results boost up traders though to me I don't easily get aroused with people testimonial or words but I know that it all required knowledge and constantly putting effort to reach that level of profits or trading they does, even though lot of people see it as a gambling I didn't have that mindset because I know it all depends on individuals and how they understand things around them. Though I understand that trading and gambling seems to be having same effect of risk but that doesn't mean they are one.
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One thing we should also keep in mind is that proof and results boost up traders though to me I don't easily get aroused with people testimonial or words but I know that it all required knowledge and constantly putting effort to reach that level of profits or trading they does, even though lot of people see it as a gambling I didn't have that mindset because I know it all depends on individuals and how they understand things around them. Though I understand that trading and gambling seems to be having same effect of risk but that doesn't mean they are one.
Trading and gambling are two different things, because trading requires knowledge and experience. We must learn technical and fundamental analysis and have a good strategy in trading. While in gambling, people say it takes luck. I am not a gambler so I don't really understand gambling. Because I am just a trader and spend my time every day on the stock exchange.
I prefer to trade because I need experience so that in the future I can become a professional trader.
-
When we do see someone whose really that making up some huge profits in trading on which this will really be that making us having that kind of boost when it comes to do on the same thing.
Part of being a noob on which we do really have those kind of hopes and anticipations that it is really that too easy and it will really be that not having some challenges not until on the moment or time that you will be able to experience those tough situations specially on dealing up with an unpredictable market. It will really be always best that you should really know on how to go with the flow on which its something that you will really be needed up to be versatile on every situations or conditions that you will be able to encounter.
Surely the urge will be there when seeing someone succeed with their trading, and if we can't control ourselves then maybe we will make a messy trade.
It doesn't really matter if that happens, I mean we have to make that urge a motivation. Not by suddenly doing the same thing, but by working harder in learning to improve what we will do.
At first I learned trading because my friend was successful in trading and got profit in crypto trading consistently. This is what motivated me to learn trading. Even though he said trading is difficult and requires experience to become more skilled, I tried to learn and seek that experience. It is true, it takes encouragement so that we can become more advanced and have good skills in trading.
-
One thing we should also keep in mind is that proof and results boost up traders though to me I don't easily get aroused with people testimonial or words but I know that it all required knowledge and constantly putting effort to reach that level of profits or trading they does, even though lot of people see it as a gambling I didn't have that mindset because I know it all depends on individuals and how they understand things around them. Though I understand that trading and gambling seems to be having same effect of risk but that doesn't mean they are one.
Trading and gambling are two different things, because trading requires knowledge and experience. We must learn technical and fundamental analysis and have a good strategy in trading. While in gambling, people say it takes luck. I am not a gambler so I don't really understand gambling. Because I am just a trader and spend my time every day on the stock exchange.
I prefer to trade because I need experience so that in the future I can become a professional trader.
I am actually referring to the risk aspect of it because most people don't see that aspect of gambling/trading. In trading you lose money, in gambling you lose money, so what I am trying to say is that they may not be the same but they are quite the same in risk aspect or do I say volatility aspect of it. Gambling/trading has same volatility level because if you don't control yourself while gambling you lose huge, if you don't also have good knowledge about trading you also can sweep off your account.
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One thing we should also keep in mind is that proof and results boost up traders though to me I don't easily get aroused with people testimonial or words but I know that it all required knowledge and constantly putting effort to reach that level of profits or trading they does, even though lot of people see it as a gambling I didn't have that mindset because I know it all depends on individuals and how they understand things around them. Though I understand that trading and gambling seems to be having same effect of risk but that doesn't mean they are one.
Trading and gambling are two different things, because trading requires knowledge and experience. We must learn technical and fundamental analysis and have a good strategy in trading. While in gambling, people say it takes luck. I am not a gambler so I don't really understand gambling. Because I am just a trader and spend my time every day on the stock exchange.
I prefer to trade because I need experience so that in the future I can become a professional trader.
I am actually referring to the risk aspect of it because most people don't see that aspect of gambling/trading. In trading you lose money, in gambling you lose money, so what I am trying to say is that they may not be the same but they are quite the same in risk aspect or do I say volatility aspect of it. Gambling/trading has same volatility level because if you don't control yourself while gambling you lose huge, if you don't also have good knowledge about trading you also can sweep off your account.
In both, you can lose small, it just depends on whether you spend your funds responsibly or not.
Nobody makes you spend most of your depo in one go both in gambling and trading.
But of course, we should remember that somewhere you can at least minimize your risks with the needed expertise, and in another - lady luck is at the helm fully.
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Surely the urge will be there when seeing someone succeed with their trading, and if we can't control ourselves then maybe we will make a messy trade.
It doesn't really matter if that happens, I mean we have to make that urge a motivation. Not by suddenly doing the same thing, but by working harder in learning to improve what we will do.
When we are just starting on something that we havent been able to encounter before then we would really be having that kind of approach or kind of reaction.
On the moment or time that it would really be giving out some negative results or outcome then this is the time that we would really be making out such adjustment.
This is why it will really be that understandable that there will really be that kind of situation on which we will really be having those kind of boost up but
eventually we will be able to make out adjustments accordingly.
Adaptation has to be done at times like that, and you're right it's more done by someone who has never faced something like that before.
That's why we always remind those who have just entered a space like that to be careful. Of course this also includes reminding those of us who have been in it longer. Because even though we've been there longer, it doesn't mean we don't need to be reminded.
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I am actually referring to the risk aspect of it because most people don't see that aspect of gambling/trading. In trading you lose money, in gambling you lose money, so what I am trying to say is that they may not be the same but they are quite the same in risk aspect or do I say volatility aspect of it. Gambling/trading has same volatility level because if you don't control yourself while gambling you lose huge, if you don't also have good knowledge about trading you also can sweep off your account.
If the above risk is segregated from it then the trading and other activities associated with the financial choices are stylized. When starting to trade you have to realize that every move affects something and that the potential for reason is a significant component to stability. Dealing in Future or Spot unless there is a policy is speculation and this results in a lose.
Adaptation has to be done at times like that, and you're right it's more done by someone who has never faced something like that before.
That's why we always remind those who have just entered a space like that to be careful. Of course this also includes reminding those of us who have been in it longer. Because even though we've been there longer, it doesn't mean we don't need to be reminded.
Learning new circumstances is one of the most important stages to continue and ensure the sustainability and efficiency of our actions that has been studied and proved in a constantly developing field. Those, like myself who have been in the program before have to offer explanations of how the program works and ensure that others who are new to the program are motivated to continue pushing forward. However, learners cannot be reminded that learning is a lifelong process even if a person is already considerable by experience. Sometimes people might just need to be told and this may sometimes be a way of ensuring that we are all in a proper position to really observe the dangers that are present.
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One thing we should also keep in mind is that proof and results boost up traders though to me I don't easily get aroused with people testimonial or words but I know that it all required knowledge and constantly putting effort to reach that level of profits or trading they does, even though lot of people see it as a gambling I didn't have that mindset because I know it all depends on individuals and how they understand things around them. Though I understand that trading and gambling seems to be having same effect of risk but that doesn't mean they are one.
Trading and gambling are two different things, because trading requires knowledge and experience. We must learn technical and fundamental analysis and have a good strategy in trading. While in gambling, people say it takes luck. I am not a gambler so I don't really understand gambling. Because I am just a trader and spend my time every day on the stock exchange.
I prefer to trade because I need experience so that in the future I can become a professional trader.
I am actually referring to the risk aspect of it because most people don't see that aspect of gambling/trading. In trading you lose money, in gambling you lose money, so what I am trying to say is that they may not be the same but they are quite the same in risk aspect or do I say volatility aspect of it. Gambling/trading has same volatility level because if you don't control yourself while gambling you lose huge, if you don't also have good knowledge about trading you also can sweep off your account.
In both, you can lose small, it just depends on whether you spend your funds responsibly or not.
Nobody makes you spend most of your depo in one go both in gambling and trading.
But of course, we should remember that somewhere you can at least minimize your risks with the needed expertise, and in another - lady luck is at the helm fully.
If you think then no issues but from my experience loss is inevitable to occur because they both involves losing one assets, but however for the trading if can be actually control where the trader needs to maintain some specific amount while trading, because in gambling whichever amount you used and stake when loss you automatically have no control of the money and it goes directly to the casino or gambling site. But in trading one can culture or narrow down the amount to lose while trading.
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One thing we should also keep in mind is that proof and results boost up traders though to me I don't easily get aroused with people testimonial or words but I know that it all required knowledge and constantly putting effort to reach that level of profits or trading they does, even though lot of people see it as a gambling I didn't have that mindset because I know it all depends on individuals and how they understand things around them. Though I understand that trading and gambling seems to be having same effect of risk but that doesn't mean they are one.
Trading and gambling are two different things, because trading requires knowledge and experience. We must learn technical and fundamental analysis and have a good strategy in trading. While in gambling, people say it takes luck. I am not a gambler so I don't really understand gambling. Because I am just a trader and spend my time every day on the stock exchange.
I prefer to trade because I need experience so that in the future I can become a professional trader.
- I think most crypto communities in the crypto enthusiast field don't want to study technical and fundamental. Maybe they feel impatient when doing technical analysis in terms of crypto trading. Well, those two are very important.
Because if the technical or fundamental analysis done is wrong, even if the strategy used is correct, it is guaranteed that in the end it will still not be profitable in the end.
-
One thing we should also keep in mind is that proof and results boost up traders though to me I don't easily get aroused with people testimonial or words but I know that it all required knowledge and constantly putting effort to reach that level of profits or trading they does, even though lot of people see it as a gambling I didn't have that mindset because I know it all depends on individuals and how they understand things around them. Though I understand that trading and gambling seems to be having same effect of risk but that doesn't mean they are one.
Trading and gambling are two different things, because trading requires knowledge and experience. We must learn technical and fundamental analysis and have a good strategy in trading. While in gambling, people say it takes luck. I am not a gambler so I don't really understand gambling. Because I am just a trader and spend my time every day on the stock exchange.
I prefer to trade because I need experience so that in the future I can become a professional trader.
- I think most crypto communities in the crypto enthusiast field don't want to study technical and fundamental. Maybe they feel impatient when doing technical analysis in terms of crypto trading. Well, those two are very important.
Because if the technical or fundamental analysis done is wrong, even if the strategy used is correct, it is guaranteed that in the end it will still not be profitable in the end.
Yes that is true, I have also learned to understand that when a trader doesn't have patients in learning things like this they would always face difficulty because of impatient to learn and understand most of the things. In trading you would understand that technical/fundamental analysis is utmost importance for us to know how the market works effectively.
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At first I learned trading because my friend was successful in trading and got profit in crypto trading consistently. This is what motivated me to learn trading. Even though he said trading is difficult and requires experience to become more skilled, I tried to learn and seek that experience. It is true, it takes encouragement so that we can become more advanced and have good skills in trading.
Trading is a something that requires time for a first timer, you need to take your time to learn trading, understanding the techniques in the fundamentals and technical need time as well but the problem is that many people don't do all this and the main is reason is because they are quick to make money in bull run, when the bear market comes, that's when they suffer the most.
It's patience that often brings topics about gambling and trading, anyone that is experienced here about trading knows that trading is never gambling and gambling is not not trading, the two are different.
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There is differences between trading and gambling, they share a commonality in potential losses, that's why some people see trading as gambling. But they are fundamentally distinct.
But to the best of my knowledge, they cannot compare trading with gambling. Trading involves investing with analysis, strategy, and risk management to achieve financial goals. In contrast, gambling relies on chance and luck, and speculating money for excitement. Despite similarities in risk, trading's analytical nature and economic purpose differentiate it from gambling.
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At first I learned trading because my friend was successful in trading and got profit in crypto trading consistently. This is what motivated me to learn trading. Even though he said trading is difficult and requires experience to become more skilled, I tried to learn and seek that experience. It is true, it takes encouragement so that we can become more advanced and have good skills in trading.
Trading is a something that requires time for a first timer, you need to take your time to learn trading, understanding the techniques in the fundamentals and technical need time as well but the problem is that many people don't do all this and the main is reason is because they are quick to make money in bull run, when the bear market comes, that's when they suffer the most.
It's patience that often brings topics about gambling and trading, anyone that is experienced here about trading knows that trading is never gambling and gambling is not not trading, the two are different.
That's right, trading is not gambling because in trading we have to learn fundamental and technical analysis, make plans and strategies and always monitor the market. Trading is a skill in pampering emotions and finances in order to get maximum profit and minimize losses.
even someone who is an expert in trading can be said to be professional and can earn income consistently from trading.
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- I think most crypto communities in the crypto enthusiast field don't want to study technical and fundamental. Maybe they feel impatient when doing technical analysis in terms of crypto trading. Well, those two are very important.
Because if the technical or fundamental analysis done is wrong, even if the strategy used is correct, it is guaranteed that in the end it will still not be profitable in the end.
If they are true crypto enthusiasts, they must be aware to learn technical and fundamental aspects. When you do analysis, you must analyze both technical and fundamental, right? It is very untrue if there are people who are lazy to learn technical and fundamental aspects. They will never do analysis properly if they don't understand technical and fundamental aspects.
Sure, mastering technical and fundamental aspects may not guarantee for profits. However, this will optimize the chance of gaining profits. This will also lower the chance of potential losses. There is no harm to understand technical and fundamental aspects.
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Sure, mastering technical and fundamental aspects may not guarantee for profits. However, this will optimize the chance of gaining profits. This will also lower the chance of potential losses. There is no harm to understand technical and fundamental aspects.
Both aspects are very important for basic knowledge, although the prediction is not always correct but we know how the market works,
and it will tell if it is the right time to enter and exit.
People who don't study technical analysis and fundamentals and rely only on other people's guesses and suggestions, they certainly don't have their own research and rely too much on their feelings that aren't entirely true.
Using analysis and fundamentals alone does not necessarily happen, let alone not using it, it will be very risky.
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-snip-
Sure, mastering technical and fundamental aspects may not guarantee for profits. However, this will optimize the chance of gaining profits. This will also lower the chance of potential losses. There is no harm to understand technical and fundamental aspects.
Both aspects are very important for basic knowledge, although the prediction is not always correct but we know how the market works,
and it will tell if it is the right time to enter and exit.
People who don't study technical analysis and fundamentals and rely only on other people's guesses and suggestions, they certainly don't have their own research and rely too much on their feelings that aren't entirely true.
Using analysis and fundamentals alone does not necessarily happen, let alone not using it, it will be very risky.
There is still much that is unknown and little time spent on learning more about technical and fundamental analysis then decisions made are much more calculated. Whenever one has adequate information, then he or she will not rely on guesses or information that may not fit the current situation. being certain that new enhanced analytical skills have never failed us, then risk chances are faced more confidently. This is a far safer move than one generated through gut feeling alone.
-
-snip-
Sure, mastering technical and fundamental aspects may not guarantee for profits. However, this will optimize the chance of gaining profits. This will also lower the chance of potential losses. There is no harm to understand technical and fundamental aspects.
Both aspects are very important for basic knowledge, although the prediction is not always correct but we know how the market works,
and it will tell if it is the right time to enter and exit.
People who don't study technical analysis and fundamentals and rely only on other people's guesses and suggestions, they certainly don't have their own research and rely too much on their feelings that aren't entirely true.
Using analysis and fundamentals alone does not necessarily happen, let alone not using it, it will be very risky.
There is still much that is unknown and little time spent on learning more about technical and fundamental analysis then decisions made are much more calculated. Whenever one has adequate information, then he or she will not rely on guesses or information that may not fit the current situation. being certain that new enhanced analytical skills have never failed us, then risk chances are faced more confidently. This is a far safer move than one generated through gut feeling alone.
When you are that still a noob then you will really be having this kind of thinking that you could really be able to handle trading easily without doing that much of making up some strategies or plans on which those kind of initial impressions will really be that common for most newbies but on the time that trading conditions or situation been able to meet up or be able to encounter
then this is where you would be making up those kind of realizations that this isnt really something that you could really be able to connect it as a gambling because if we do speak about luck factor then this is something that will really be not be basing up in having that profitable trades.
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When you are that still a noob then you will really be having this kind of thinking that you could really be able to handle trading easily without doing that much of making up some strategies or plans on which those kind of initial impressions will really be that common for most newbies but on the time that trading conditions or situation been able to meet up or be able to encounter
then this is where you would be making up those kind of realizations that this isnt really something that you could really be able to connect it as a gambling because if we do speak about luck factor then this is something that will really be not be basing up in having that profitable trades.
luck will always be there in life but we never know when it will come. In trading, what is prioritized is expertise, not luck. because we must have knowledge and experience in making analysis, developing strategies and have internal skills in emotional management and also risk management. because in trading we will always be faced with risk, we must be able to manage the risks we will take. because the crypto market is very volatile, and it is difficult to predict the short term accurately.
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At first I learned trading because my friend was successful in trading and got profit in crypto trading consistently. This is what motivated me to learn trading. Even though he said trading is difficult and requires experience to become more skilled, I tried to learn and seek that experience. It is true, it takes encouragement so that we can become more advanced and have good skills in trading.
Trading is a something that requires time for a first timer, you need to take your time to learn trading, understanding the techniques in the fundamentals and technical need time as well but the problem is that many people don't do all this and the main is reason is because they are quick to make money in bull run, when the bear market comes, that's when they suffer the most.
It's patience that often brings topics about gambling and trading, anyone that is experienced here about trading knows that trading is never gambling and gambling is not not trading, the two are different.
That's right, trading is not gambling because in trading we have to learn fundamental and technical analysis, make plans and strategies and always monitor the market. Trading is a skill in pampering emotions and finances in order to get maximum profit and minimize losses.
even someone who is an expert in trading can be said to be professional and can earn income consistently from trading.
Trading is not gambling but a skill that involves risking money, which can lead to either high profits or massive financial losses. Whichever strategy you adopt, it can be difficult to protect your capital from short-term trading risks, so you should initially strive to get a holding and only then can you get the potential for high profits when you are able to choose the right currency and to do so, you have to rely on market analysis and your own experience.
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Trading is not gambling but a skill that involves risking money, which can lead to either high profits or massive financial losses. Whichever strategy you adopt, it can be difficult to protect your capital from short-term trading risks, so you should initially strive to get a holding and only then can you get the potential for high profits when you are able to choose the right currency and to do so, you have to rely on market analysis and your own experience.
I agree with what you said trading is a skill in managing money and not gambling. because in trading we must have knowledge and experience, and also skills in making analysis, making plans and strategies and understanding current market trends and what will happen.
trading requires a process to become skilled, so if we want to learn trading we must really focus.
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-snip-
then this is where you would be making up those kind of realizations that this isn't really something that you could really be able to connect it as a gambling because if we do speak about luck factor then this is something that will really be not be basing up in having that profitable trades.
Of course, it is different because gambling only relies on the luck factor, Trading is seen as an effort to trade several coins with analysts that can be done, not just guessing the price and will be determined by the market how the price will go.
People who say that trading is the same as gambling they don't fully understand, but some trades that don't do any analysis and just guess the price may actually be the same as gambling, but the platform used is different.
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When you are that still a noob then you will really be having this kind of thinking that you could really be able to handle trading easily without doing that much of making up some strategies or plans on which those kind of initial impressions will really be that common for most newbies but on the time that trading conditions or situation been able to meet up or be able to encounter
then this is where you would be making up those kind of realizations that this isnt really something that you could really be able to connect it as a gambling because if we do speak about luck factor then this is something that will really be not be basing up in having that profitable trades.
Sometimes it becomes very difficult to make money from business because if someone thinks of doing business without knowing the business, he will make a big mistake. I think in this situation we need to gain good experience about business and then start the business. If we do not have the courage to start in this situation, it will not be right for us. Sometimes I have seen that in new situations, those who come to business without understanding start the business with big money and in the end they cannot survive. In order to survive, we must gain good experience and then start the business. When we go into business, we have to accept the profit and loss and continue our business. Sometimes if we get disappointed, it will cause big problems for us.
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-snip-
then this is where you would be making up those kind of realizations that this isn't really something that you could really be able to connect it as a gambling because if we do speak about luck factor then this is something that will really be not be basing up in having that profitable trades.
Of course, it is different because gambling only relies on the luck factor, Trading is seen as an effort to trade several coins with analysts that can be done, not just guessing the price and will be determined by the market how the price will go.
People who say that trading is the same as gambling they don't fully understand, but some trades that don't do any analysis and just guess the price may actually be the same as gambling, but the platform used is different.
trading requires proper analysis in order to get maximum profit. While gambling only relies on luck, so in my opinion two different things. In trading we do not only guess the price and if we only guess without doing analysis, it is like gambling. I agree with what you said.
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In trading we do not only guess the price and if we only guess without doing analysis, it is like gambling. I agree with what you said.
This is like what many beginners do, only guessing the price on Futures trading because the instrument is the same as gambling, only the platform is different and the original Gambling is more extreme and everything has been regulated by the gambling system.
If futures trading depends on supply and demand, so no one regulates completely.
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trading requires proper analysis in order to get maximum profit. While gambling only relies on luck, so in my opinion two different things. In trading we do not only guess the price and if we only guess without doing analysis, it is like gambling. I agree with what you said.
In fact, trading is much more dependent on correct analysis and information management skills than is gambling. Similarly in trading we collect data and learn market patterns so that we can take more rational decision. Without good analysis, the risks we fear become much greater, and can lead to unnecessary losses. As a result, we should always try to develop better analytical skills to be able to make better decisions.
To trade and make profit, you must know and understand the market, not just crypto guessing. If we continue to sharpen our analytical skills through practise, soon we will be better at making market moves as accurately as possible. The more stable results we get, are the results we get when we rely on the process, not just luck.
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-snip-
In trading we do not only guess the price and if we only guess without doing analysis, it is like gambling. I agree with what you said.
This is like what many beginners do, only guessing the price on Futures trading because the instrument is the same as gambling, only the platform is different and the original Gambling is more extreme and everything has been regulated by the gambling system.
If futures trading depends on supply and demand, so no one regulates completely.
One of the biggest mistake when it comes to begginner is that they do dive in with futures without having that knowledge or zero knowledge when it comes to spot trading. Come to think that even into those people or traders who have been here on this market for a while now on which they do even messed up with futures trading. How much more into those zero knowledge?
You will really be having some realizations on the moment or time that you will really be able to step your foot into this market and made out some messy trades. On the moment that you will really be applying that gambler like kind of thing when it comes into your trading then it will really be that ending up on disaster.
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One of the biggest mistake when it comes to begginner is that they do dive in with futures without having that knowledge or zero knowledge when it comes to spot trading. Come to think that even into those people or traders who have been here on this market for a while now on which they do even messed up with futures trading. How much more into those zero knowledge?
You will really be having some realizations on the moment or time that you will really be able to step your foot into this market and made out some messy trades. On the moment that you will really be applying that gambler like kind of thing when it comes into your trading then it will really be that ending up on disaster.
Futures trading is very difficult, if we do not have experience we should choose sopt trading. because we must have skills in trading and as many people say futures trading if we do not have skills and experience is like gambling. And we will lose our money if we force to do futures trading without experience.
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-snip-
You will really be having some realizations on the moment or time that you will really be able to step your foot into this market and made out some messy trades. On the moment that you will really be applying that gambler like kind of thing when it comes into your trading then it will really be that ending up on disaster.
and they don't even know anything about trading and just enter according to other people's directions or just want to try, in the end they will only lose their money.
Seeing so many beginners who come with trust capital alone without any trading knowledge, it is very sad because they are only betting with their money which will only eventually be lost.
Trading is not easy, it requires technical and fundamental analysis as well as the ability to manage their psychology.
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Futures trading is very difficult, if we do not have experience we should choose sopt trading. because we must have skills in trading and as many people say futures trading if we do not have skills and experience is like gambling. And we will lose our money if we force to do futures trading without experience.
Future trading is for experienced traders only, it is not for average and newbie traders. If it is very difficult for you, you don't need to force yourself for trading future. It is better to focus on spot trading, it is even safer than future trading. Sure, we must have skills in trading, it requires for both spot and future. But future has bigger risk, we can lose all money if we carelessly trade in future. So if you are not sure for trading future, kindly avoid it!!
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Future trading is for experienced traders only, it is not for average and newbie traders. If it is very difficult for you, you don't need to force yourself for trading future. It is better to focus on spot trading, it is even safer than future trading. Sure, we must have skills in trading, it requires for both spot and future. But future has bigger risk, we can lose all money if we carelessly trade in future. So if you are not sure for trading future, kindly avoid it!!
Between future trading and spot trading, I prefer spot trading more. I don't want to put my money at risk by trading futures, so I always prefer spot trading. Everyone can do spot trading because there is no risk here. Those who are new can learn spot trading with a small amount of money. Future trading is not for everyone because just as you can get a lot of profit from future trading in a very short time, you can also lose all your money in a short time, so I try to avoid future trading. If future trading is easy for those who are experienced in future trading, it is much more difficult for everyone else.
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Between future trading and spot trading, I prefer spot trading more. I don't want to put my money at risk by trading futures, so I always prefer spot trading. Everyone can do spot trading because there is no risk here. Those who are new can learn spot trading with a small amount of money.
Getting into future trading may require specialized skills and only experienced professionals should be doing it all because of the greater risks involved. Well, I even find spot trading to be difficult so I know spot trading is not for me. And getting it without right preparations can be just another form of gambling where losses can be accumulated quickly. While trading can be one of the best ways to greater wealth, it is risks we have to be concerned about and they should be minimized while maximizing profits.
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In trading we do not only guess the price and if we only guess without doing analysis, it is like gambling. I agree with what you said.
This is like what many beginners do, only guessing the price on Futures trading because the instrument is the same as gambling, only the platform is different and the original Gambling is more extreme and everything has been regulated by the gambling system.
If futures trading depends on supply and demand, so no one regulates completely.
therefore gambling does not require a lot of knowledge, it is not even needed so they can easily guess without the need for knowledge and gambling systems and luck... unlike trading, crypto trading really requires a lot of knowledge so it is easy to determine when we will buy and sell so as not to cause fear in trading and minimize the risk of loss and even get big profits.
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therefore gambling does not require a lot of knowledge, it is not even needed so they can easily guess without the need for knowledge and gambling systems and luck... unlike trading, crypto trading really requires a lot of knowledge so it is easy to determine when we will buy and sell so as not to cause fear in trading and minimize the risk of loss and even get big profits.
Trading is also not only about technical and fundamental analysis knowledge, but psychology is also something that must be controlled.
Without a stable psychology, decision-making is not in accordance with the initial strategy.
Sometimes people who panic too much will make a careless decision by selling their coin holdings at a low price because they see the price continue to fall.
In a crucial moment like this, it is necessary to be mentally stable so that you do not take stupid actions by making a cutloss,
unless you have set a stop loss.
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therefore gambling does not require a lot of knowledge, it is not even needed so they can easily guess without the need for knowledge and gambling systems and luck... unlike trading, crypto trading really requires a lot of knowledge so it is easy to determine when we will buy and sell so as not to cause fear in trading and minimize the risk of loss and even get big profits.
I agree with you in trading requires knowledge and experience. In addition, it requires good emotional management because there are often bad emotions during trading.
For example, fear and greed and this is also very disturbing for a trader to be able to make the right decision.
While gambling does not require knowledge but only requires luck and courage.
I do not really understand gambling, because I am not a gambler.
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Trading is not gambling but a skill that involves risking money, which can lead to either high profits or massive financial losses. Whichever strategy you adopt, it can be difficult to protect your capital from short-term trading risks, so you should initially strive to get a holding and only then can you get the potential for high profits when you are able to choose the right currency and to do so, you have to rely on market analysis and your own experience.
It is very true what you say, sometimes when you do futures trading or in general many people do futures trading things are different, some see it as if they were bets, games of chance because the short-term market looks very volatile and suddenly they say it will go up or it will go down and it may or may not do so, but that is because the market despite everything has very fast negotiations, transactions at 1 minute 30 seconds and so on things can become more volatile, in this case I would say that you have to know how to do this type of trading so that trading is not confused with gambling.
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Trading is not gambling but a skill that involves risking money, which can lead to either high profits or massive financial losses. Whichever strategy you adopt, it can be difficult to protect your capital from short-term trading risks, so you should initially strive to get a holding and only then can you get the potential for high profits when you are able to choose the right currency and to do so, you have to rely on market analysis and your own experience.
It is very true what you say, sometimes when you do futures trading or in general many people do futures trading things are different, some see it as if they were bets, games of chance because the short-term market looks very volatile and suddenly they say it will go up or it will go down and it may or may not do so, but that is because the market despite everything has very fast negotiations, transactions at 1 minute 30 seconds and so on things can become more volatile, in this case I would say that you have to know how to do this type of trading so that trading is not confused with gambling.
futures trading is very difficult for me, I have tried it several times and failed. That's why I focus more on spot trading, because it suits my ability to make analysis and predictions.
trading according to those who do not have the knowledge and experience there may consider it a gamble. because honestly it is indeed difficult to be able to do it and succeed.
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Between future trading and spot trading, I prefer spot trading more. I don't want to put my money at risk by trading futures, so I always prefer spot trading. Everyone can do spot trading because there is no risk here. Those who are new can learn spot trading with a small amount of money. Future trading is not for everyone because just as you can get a lot of profit from future trading in a very short time, you can also lose all your money in a short time, so I try to avoid future trading. If future trading is easy for those who are experienced in future trading, it is much more difficult for everyone else.
I also prefer spot trading, it is much safer for me. Yes, future trading is riskier for our money, we may lose of all our money. Future trading is for professional only, but spot trading is for everyone who has knowledge of crypto trading. Even a newbie can be quite safe if he/she begins in spot trading. Moreover if we use small money, it is very safe in spot trading. But we don't expect to gain huge profits if we use small funds. For future trading, we must be very careful and we must know it very well. The nature of spot trading and future trading are not the same, that's why we don't carelessly join future trading.
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Trading is not gambling but a skill that involves risking money, which can lead to either high profits or massive financial losses. Whichever strategy you adopt, it can be difficult to protect your capital from short-term trading risks, so you should initially strive to get a holding and only then can you get the potential for high profits when you are able to choose the right currency and to do so, you have to rely on market analysis and your own experience.
It is very true what you say, sometimes when you do futures trading or in general many people do futures trading things are different, some see it as if they were bets, games of chance because the short-term market looks very volatile and suddenly they say it will go up or it will go down and it may or may not do so, but that is because the market despite everything has very fast negotiations, transactions at 1 minute 30 seconds and so on things can become more volatile, in this case I would say that you have to know how to do this type of trading so that trading is not confused with gambling.
futures trading is very difficult for me, I have tried it several times and failed. That's why I focus more on spot trading, because it suits my ability to make analysis and predictions.
trading according to those who do not have the knowledge and experience there may consider it a gamble. because honestly it is indeed difficult to be able to do it and succeed.
I think futures trading is not for everyone but for those who have good experience in trading. Many have lost all their money while doing futures trading and many have gained a lot of money from futures trading. I think futures trading depends on luck. If someone has bad luck, he will lose all his money in a very short time and become destitute. Similarly, if someone has good luck, he will be able to gain a huge amount of money in a very short time.
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I think futures trading is not for everyone but for those who have good experience in trading. Many have lost all their money while doing futures trading and many have gained a lot of money from futures trading. I think futures trading depends on luck. If someone has bad luck, he will lose all his money in a very short time and become destitute. Similarly, if someone has good luck, he will be able to gain a huge amount of money in a very short time.
Futures trading is very difficult, in my opinion. If you say futures trading depends on luck, this is true because I tried it several times and always lost. That's why I focus more on scalping when the market is rising to get a little profit.
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futures trading is very difficult for me, I have tried it several times and failed. That's why I focus more on spot trading, because it suits my ability to make analysis and predictions.
trading according to those who do not have the knowledge and experience there may consider it a gamble. because honestly it is indeed difficult to be able to do it and succeed.
Not only that, but futures trading is like that, it's a bit complicated, but you shouldn't give up, you have to keep going giving it your all, learning, seeing each thing, each pattern, each movement and each thing that can help us to have good results is welcome, in the futures market everything is at another level, other fundamentals are met, other things, which in general are not met in the long term, that's very normal, they are different time frames, but even so I would recommend that when you do futures trading you try it in demo mode first.
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Not only that, but futures trading is like that, it's a bit complicated, but you shouldn't give up, you have to keep going giving it your all, learning, seeing each thing, each pattern, each movement and each thing that can help us to have good results is welcome, in the futures market everything is at another level, other fundamentals are met, other things, which in general are not met in the long term, that's very normal, they are different time frames, but even so I would recommend that when you do futures trading you try it in demo mode first.
If he seems not comfortable with future trading, it is better to focus on spot trading. It is not a must to trade in future, it is not the only way to gain money in future. There are many people who only focus on spot trading because it is safer for them. I am also focusing on spot trading only because I don't want to take the big risk in future. Using demo won't help much because it is not very similar with the real future trading. If you use demo, you will never lose your money. :D
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Trading is not gambling, even though if they seem to appear to have a similarity in so many ways, there is still a way in which we can use to make their difference known, when others are making the mistake, then we should be able to correct them from such because you cannot compare trading to gambling, one of having fun and being entertained while the other is an investment whereby we earn form.
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Trading is not gambling, even though if they seem to appear to have a similarity in so many ways, there is still a way in which we can use to make their difference known, when others are making the mistake, then we should be able to correct them from such because you cannot compare trading to gambling, one of having fun and being entertained while the other is an investment whereby we earn form.
We cannot consider trading and gambling as one. There are many differences between trading and gambling. To win in gambling, luck is needed. If someone has bad luck, he will never be able to win by gambling. To make a profit by trading, experience and skill are definitely needed. If someone has good experience in trading, then a person can easily earn money from trading. So we cannot consider these two to be the same. There are many differences between the two that we need to keep in mind. There is no possibility of a person losing all his money by trading, but if someone becomes addicted to gambling, there is a risk of losing all his money.
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I think futures trading is not for everyone but for those who have good experience in trading. Many have lost all their money while doing futures trading and many have gained a lot of money from futures trading. I think futures trading depends on luck. If someone has bad luck, he will lose all his money in a very short time and become destitute. Similarly, if someone has good luck, he will be able to gain a huge amount of money in a very short time.
Futures trading is violent because we have the result Quickly and we Decide whether to continue or not, Usually we are people who do not give up , what happens is that the money is degenerated little by little each time you lose and if you lose more than you win, then that's what we bring, but that is an activity that is learned every day and We should not give up , if we lose a lot , we Should change the strategy, see better things to apply, any type of indicator always Teaches us when we have a good vision of the market and that is the best that adapts to the way the market Develops.
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Trading is not gambling, even though if they seem to appear to have a similarity in so many ways, there is still a way in which we can use to make their difference known, when others are making the mistake, then we should be able to correct them from such because you cannot compare trading to gambling, one of having fun and being entertained while the other is an investment whereby we earn form.
What similarity you refer to? Is it about the chance to earn money?
Gambling mostly depends on the luck, meanwhile trading will depend on the skills or knowledge. There is a big difference between trading and gambling. Sure, it is better to not compare trading and gambling because they are actually different. However, for the people who trade in careless way or trade with zero knowledge, they seem like gambling in trading.
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I think futures trading is not for everyone but for those who have good experience in trading. Many have lost all their money while doing futures trading and many have gained a lot of money from futures trading. I think futures trading depends on luck. If someone has bad luck, he will lose all his money in a very short time and become destitute. Similarly, if someone has good luck, he will be able to gain a huge amount of money in a very short time.
Futures trading is very difficult, in my opinion. If you say futures trading depends on luck, this is true because I tried it several times and always lost. That's why I focus more on scalping when the market is rising to get a little profit.
- Futures trading is a very stressful activity for traders who are going to try it, especially if you are not that experienced in futures trading, it will give you a headache that can even lead to loss control in your emotions.
However, if you master the moves and the right strategy because you know how to read the trading chart correctly and use the strategy, you will definitely enjoy getting a profit anytime you want.
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Trading is not the same as gambling, we must be able to identify our the thin line that differentiates them from each other, when we are gambling, we are on the expectation of having fun and being entertained with the use of our money playing games and bets, but when we are trading, we have the intention of exchanging currency pairs against each other for the purpose of making more money.
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Trading is not the same as gambling, we must be able to identify our the thin line that differentiates them from each other, when we are gambling, we are on the expectation of having fun and being entertained with the use of our money playing games and bets, but when we are trading, we have the intention of exchanging currency pairs against each other for the purpose of making more money.
Gambling is a matter of chances and some other call it luck. You can only tell that trading is gambling if you don't have plan, you are just buying anywhere you think the price will go without analysis. But if you have trading plan, with a proper risk management, you can't call it anymore a gambling. You can now call it business especially if you can prove to yourself that you can make money with it.
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Trading is not the same as gambling, we must be able to identify our the thin line that differentiates them from each other, when we are gambling, we are on the expectation of having fun and being entertained with the use of our money playing games and bets, but when we are trading, we have the intention of exchanging currency pairs against each other for the purpose of making more money.
Gambling is a matter of chances and some other call it luck. You can only tell that trading is gambling if you don't have plan, you are just buying anywhere you think the price will go without analysis. But if you have trading plan, with a proper risk management, you can't call it anymore a gambling. You can now call it business especially if you can prove to yourself that you can make money with it.
In my opinion, trading in crypto is a business, because in trading we must have knowledge, experience and also have a plan and strategy in order to maximize the profits we get. luck will be there but it is not the main factor for a trader. While for a gambler will always rely on luck because they are not based on analysis.
Trading requires expertise in making strategies, reading charts and seeing market trends.
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Trading is not gambling, even though if they seem to appear to have a similarity in so many ways, there is still a way in which we can use to make their difference known, when others are making the mistake, then we should be able to correct them from such because you cannot compare trading to gambling, one of having fun and being entertained while the other is an investment whereby we earn form.
Agree, actually it can be simpler that profit loss in gambling depends on our luck and profit loss in trading depends on our trading knowledge. So trading should never be considered gambling. Gambling can make people suddenly rich and suddenly poor, but those who have trading experience can make a lot of money by trading. On the other hand, trading requires a lot of effort but gambling does not require any effort. There is no alternative to practicing trading to make a profit in crypto.
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In my opinion, trading in crypto is a business, because in trading we must have knowledge, experience and also have a plan and strategy in order to maximize the profits we get.
Of course, trading is a business. :D
Yes, trading requires proper knowledge. It is the basic thing that we need in trading.
Experience is another factor that helps us in trading. This will be obtained along with the increase of our trading activities.
We can make a plan and strategy if we have enough knowledge and experience.
luck will be there but it is not the main factor for a trader. While for a gambler will always rely on luck because they are not based on analysis.
Although there is a luck factor but it won't be influenced much in trading. The luck factor is mostly influenced in gambling. Since trading is different than gambling, we don't too count the luck factor.
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Trading is not gambling, even though if they seem to appear to have a similarity in so many ways, there is still a way in which we can use to make their difference known, when others are making the mistake, then we should be able to correct them from such because you cannot compare trading to gambling, one of having fun and being entertained while the other is an investment whereby we earn form.
Agree, actually it can be simpler that profit loss in gambling depends on our luck and profit loss in trading depends on our trading knowledge. So trading should never be considered gambling. Gambling can make people suddenly rich and suddenly poor, but those who have trading experience can make a lot of money by trading. On the other hand, trading requires a lot of effort but gambling does not require any effort. There is no alternative to practicing trading to make a profit in crypto.
actually gambling should be avoided because it only depends on luck. And that is not good if we do not want to lose our money.
while trading relies on experience and expertise, clearly two different things. In trading we can always practice honing our skills in order to become a professional trader.
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actually gambling should be avoided because it only depends on luck. And that is not good if we do not want to lose our money.
while trading relies on experience and expertise, clearly two different things. In trading we can always practice honing our skills in order to become a professional trader.
Totally agree, gambling is very detrimental to us. We will never be successful from gambling, because every time we win we have lost repeatedly.
But in crypto trading it is certainly different, if we are good at choosing good coins then we will get big profits.
However, many lay people say that crypto trading is the same as gambling, because the fluctuations in crypto prices can change very quickly.
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Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
Dr.Bitcoin_Strange hello bro, warm greetings from us in Indonesia. I have a little unique perception about gambling and trading.
-Gambling is if we choose a coin at a certain price and the guess is wrong then our funds are immediately lost/run out/taken by the dealer.
-Trading is if we choose a coin at a certain price and the guess is wrong then our funds are not immediately lost but only the portfolio is minus, then the coin rises again from the purchase limit then our portfolio rises and profits.
2 words that have almost similar characters and are related to each other but have very different meanings. I have a different perception for trading and gambling, they have different meanings. ;)
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Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
Dr.Bitcoin_Strange hello bro, warm greetings from us in Indonesia. I have a little unique perception about gambling and trading.
-Gambling is if we choose a coin at a certain price and the guess is wrong then our funds are immediately lost/run out/taken by the dealer.
-Trading is if we choose a coin at a certain price and the guess is wrong then our funds are not immediately lost but only the portfolio is minus, then the coin rises again from the purchase limit then our portfolio rises and profits.
2 words that have almost similar characters and are related to each other but have very different meanings. I have a different perception for trading and gambling, they have different meanings. ;)
Trading and gambling have many things in common but with only one difference which is skill. In trading, y0u can learn pratice and become a professional but in gambling you can only learn and cannot become a professional because gambling is purely based on luck.
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If he seems not comfortable with future trading, it is better to focus on spot trading. It is not a must to trade in future, it is not the only way to gain money in future. There are many people who only focus on spot trading because it is safer for them. I am also focusing on spot trading only because I don't want to take the big risk in future. Using demo won't help much because it is not very similar with the real future trading. If you use demo, you will never lose your money. :D
Yes, I am clear about that, but futures trading is very broad and good, I like that type of trading but I need to learn a lot, I know that in medium and long term trading, there is more option to react, on the other hand futures are another level, it is something that you will obtain the result at once, that is why it intrigues me and the truth is I want to master it, I have been studying many fundamentals, especially technical analysis which is what I see that is most fulfilled, the different patterns, the indicators, everything can give a good function if we apply it properly, but this takes time to learn.
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If he seems not comfortable with future trading, it is better to focus on spot trading. It is not a must to trade in future, it is not the only way to gain money in future. There are many people who only focus on spot trading because it is safer for them. I am also focusing on spot trading only because I don't want to take the big risk in future. Using demo won't help much because it is not very similar with the real future trading. If you use demo, you will never lose your money. :D
Yes, I am clear about that, but futures trading is very broad and good, I like that type of trading but I need to learn a lot, I know that in medium and long term trading, there is more option to react, on the other hand futures are another level, it is something that you will obtain the result at once, that is why it intrigues me and the truth is I want to master it, I have been studying many fundamentals, especially technical analysis which is what I see that is most fulfilled, the different patterns, the indicators, everything can give a good function if we apply it properly, but this takes time to learn.
I am also interested in futures trading and want to master it but we know that learning to trade takes time and focus while I have a busy real world that I have to do, because I am an employee. so I can't focus on learning futures trading. there are many interesting things in futures trading and we have to learn if we want to get maximum results in trading.
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Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
Dr.Bitcoin_Strange hello bro, warm greetings from us in Indonesia. I have a little unique perception about gambling and trading.
-Gambling is if we choose a coin at a certain price and the guess is wrong then our funds are immediately lost/run out/taken by the dealer.
-Trading is if we choose a coin at a certain price and the guess is wrong then our funds are not immediately lost but only the portfolio is minus, then the coin rises again from the purchase limit then our portfolio rises and profits.
2 words that have almost similar characters and are related to each other but have very different meanings. I have a different perception for trading and gambling, they have different meanings. ;)
Trading and gambling have many things in common but with only one difference which is skill.
In trading, y0u can learn pratice and become a professional
Thanks for this information, I didn't think about that and it turns out that it is true that this trader can become a professional trader and have many followers or subscribers on various social media like as Telegram.
but in gambling you can only learn and cannot become a professional because gambling is purely based on luck.
I totally agree, this gambling is full of engineering from the bookies and definitely requires luck. Sometimes I notice that all the gamblers are not successful in saving money, instead of using it for good, they spend their money on splurging. I don't blame the gamblers but that is their fashion in their lifestyle and they also sometimes get a Jackpot with an extraordinary big prize.
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Dr.Bitcoin_Strange hello bro, warm greetings from us in Indonesia. I have a little unique perception about gambling and trading.
-Gambling is if we choose a coin at a certain price and the guess is wrong then our funds are immediately lost/run out/taken by the dealer.
-Trading is if we choose a coin at a certain price and the guess is wrong then our funds are not immediately lost but only the portfolio is minus, then the coin rises again from the purchase limit then our portfolio rises and profits.
2 words that have almost similar characters and are related to each other but have very different meanings. I have a different perception for trading and gambling, they have different meanings. ;)
Greetings to you too mate…
You’ve got quite a nuanced perspective on both concepts, but then again, it also depends on the type of trade you decide to enter, if you’re trading on spot, the experience is totally different from when you’re trading futures, so whether or not your whole funds disappears due to a wrong guess or not is totally dependent on the kind of trade you decide to enter.
And yeah, you’re right, they’re indeed two words that has more similarities than you can actually think of, when you look at it from the aspect of making a guess pick, then we can say that they almost look the same, but the difference between trading and gambling is that, trading has strategies and you can develop and get better using a strategy that suits your financial goals and of course your risk tolerance as you continue to trade, you can gain experience overtime and these experiences are what may really determine your success in trading in the long run, but gambling is totally different because regardless of the experience and skill you’ve developed, your success is still fully dependent on luck.
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Dr.Bitcoin_Strange hello bro, warm greetings from us in Indonesia. I have a little unique perception about gambling and trading.
-Gambling is if we choose a coin at a certain price and the guess is wrong then our funds are immediately lost/run out/taken by the dealer.
-Trading is if we choose a coin at a certain price and the guess is wrong then our funds are not immediately lost but only the portfolio is minus, then the coin rises again from the purchase limit then our portfolio rises and profits.
2 words that have almost similar characters and are related to each other but have very different meanings. I have a different perception for trading and gambling, they have different meanings. ;)
Greetings to you too mate…
How weather now in Philiphine?
Do you like football? If yes, for this week is AFF Tiger in Cambodia.
https://vietnamnews.vn/sports/1688591/a-new-era-for-asean-football-begins.html
You’ve got quite a nuanced perspective on both concepts, but then again, it also depends on the type of trade you decide to enter, if you’re trading on spot, the experience is totally different from when you’re trading futures, so whether or not your whole funds disappears due to a wrong guess or not is totally dependent on the kind of trade you decide to enter.
Yeps, my community advice to me to stay away from trading Futures, because Future has basic like as Betting or Gambling. Although Future has differences with Betting and Gambling but in my personal opinion the basic is the same, if we guess the wrong number in Long and Short sales then our funds can be lost or loss.
And yeah, you’re right, they’re indeed two words that has more similarities than you can actually think of, when you look at it from the aspect of making a guess pick, then we can say that they almost look the same, but the difference between trading and gambling is that, trading has strategies and you can develop and get better using a strategy that suits your financial goals and of course your risk tolerance as you continue to trade, you can gain experience overtime and these experiences are what may really determine your success in trading in the long run,
I also have a small community and was invited by my friend to get to know cryptocurrency,
First, make money on the internet
Second, learn about cryptocurrency
Third, learn about how Bitcoin works
Fourth, learn about Ethereum
Fifth, learn about forums like Altcoinstalks
And the sixth, I was taught not to learn Betting, Gambling or Futures by my community because when the word is very dangerous for our assets and our mental health.
but gambling is totally different because regardless of the experience and skill you’ve developed, your success is still fully dependent on luck.
Luck is very much on everyone's side if they want to bet and gamble, I personally prefer to avoid things like this because I want to have a safe, comfortable and peaceful life.
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And the sixth, I was taught not to learn Betting, Gambling or Futures by my community because when the word is very dangerous for our assets and our mental health.
Your community definitely wants the best for you, because gambling and Futures trading isn’t a game for the feeble heart. Those who find it pretty hard to manage their emotions can end up falling into the trap of gambling addiction and taking risks without adequately calculating those risks. So it’s best to stay away completely from it. Sometimes even people who can manage their emotions could still end up falling into that trap, resulting in unexpected financial losses.
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Some people still believe that since trading cryptocurrencies involves taking a risk, it is no different from gambling. To them, taking a risk is the same as gambling in general. It might be taken into consideration now, at least in some way.
But not in the same way that you play games where you only depend on chance. trade is not relevant here, as it necessitates understanding trade and strategy tools that will be utilized to generate future profits.
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And the sixth, I was taught not to learn Betting, Gambling or Futures by my community because when the word is very dangerous for our assets and our mental health.
Your community definitely wants the best for you, because gambling and Futures trading isn’t a game for the feeble heart. Those who find it pretty hard to manage their emotions can end up falling into the trap of gambling addiction and taking risks without adequately calculating those risks. So it’s best to stay away completely from it. Sometimes even people who can manage their emotions could still end up falling into that trap, resulting in unexpected financial losses.
Trading is a type of business but betting is a game so these two can never be called the same. But when one does leveraged trading it becomes very risky and sometimes it depends on luck which is why leveraged trading is often compared to gambling. In trading you need to analyze a project's road map and development to predict how well that project will do in the future and invest in it. But in gambling you can never predict with confidence that you will win that round of the game. If you lose in gambling, you will lose your entire bet amount, but in case of trading, you will not lose the entire fund, even if your capital decreases slightly. Therefore, trading and gambling can never be called one and the same
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Trading is a type of business but betting is a game so these two can never be called the same. But when one does leveraged trading it becomes very risky and sometimes it depends on luck which is why leveraged trading is often compared to gambling. In trading you need to analyze a project's road map and development to predict how well that project will do in the future and invest in it. But in gambling you can never predict with confidence that you will win that round of the game. If you lose in gambling, you will lose your entire bet amount, but in case of trading, you will not lose the entire fund, even if your capital decreases slightly. Therefore, trading and gambling can never be called one and the same
You seem to have forgotten the fact that the success or future of a project isn’t always dependent on what’s in the roadmap or what the devs of that project actually say, because every project, pump and dump or real projects would inscribe in their roadmap what they feel would attract investors to invest in their project, but as we already know, it doesn’t always happen that way. So even trading can also be as unpredictable as gambling.
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And the sixth, I was taught not to learn Betting, Gambling or Futures by my community because when the word is very dangerous for our assets and our mental health.
Your community definitely wants the best for you, because gambling and Futures trading isn’t a game for the feeble heart. Those who find it pretty hard to manage their emotions can end up falling into the trap of gambling addiction and taking risks without adequately calculating those risks. So it’s best to stay away completely from it. Sometimes even people who can manage their emotions could still end up falling into that trap, resulting in unexpected financial losses.
Trading is a type of business but betting is a game so these two can never be called the same. But when one does leveraged trading it becomes very risky and sometimes it depends on luck which is why leveraged trading is often compared to gambling. In trading you need to analyze a project's road map and development to predict how well that project will do in the future and invest in it. But in gambling you can never predict with confidence that you will win that round of the game. If you lose in gambling, you will lose your entire bet amount, but in case of trading, you will not lose the entire fund, even if your capital decreases slightly. Therefore, trading and gambling can never be called one and the same
There has been a lot of discussion about the comparison of trading and gambling because trading is not the same as gambling, I agree with you. Trading is a business where we have to do research and make analysis, after that we make the right strategy and plan so that our predictions are right and always monitor the market. While in gambling it doesn't need that and only relies on habits and luck, I agree with this because that is a fact that I have observed so far.
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And the sixth, I was taught not to learn Betting, Gambling or Futures by my community because when the word is very dangerous for our assets and our mental health.
Your community definitely wants the best for you, because gambling and Futures trading isn’t a game for the feeble heart.
Basically, our community is also looking for safety because they don't want anyone to lose from cryptocurrency, yes, sometimes they lose time, mind and energy to work on airdrops, testnets, etc. but the main point is still to look for safety. Future Trading, Betting and Gambling are definitely on our radar to be prevented and are not included in the category of tasks that must be carried out in cryptocurrency because Future Trading, Betting and Gambling are very risky and dangerous.
Those who find it pretty hard to manage their emotions can end up falling into the trap of gambling addiction and taking risks without adequately calculating those risks. So it’s best to stay away completely from it. Sometimes even people who can manage their emotions could still end up falling into that trap, resulting in unexpected financial losses.
Among them is like what you said, that there is a friend of ours in the community who told us because his cryptocurrency asset future ran out and he had no capital, he said he also had a lot of Bitcoin but was tempted by Future trading so he lost a lot and his assets were gone. I think this is ridiculous and unable to control emotions.
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Most of the time, both online and offline, there has been some argument relating to the title of this thread. Some people think that trading is just based on luck, like the way gambling is basically dependent on how lucky the player can be. In trading, there are some trading tools and parameters that traders use to analyze the market. Despite the fact that the crypto market is quite unpredictable all the time, traders and some market analysts use most of the trading tools to analyze the direction of the market, and that's what gives them the insight to make some predictions that could actually be correct. Some market predictions may not actually be 100%, 90%, or 80% accurate, but in most cases, they could be around 60–70% accurate, and some traders will advise you to make sure you "take profit" where you have met a good sum of profit. It is better to take a profit than to wait for your prediction to actually be 100% of the price you expect to sell.
The crypto market is very dynamic, and despite the fact that crypto enthusiasts cannot actually be 100% accurate about the direction of the market, that doesn't mean that trading should be handled as gambling. As a trader, it's good to keep learning and developing your own personal strategy that can help you win in the market; otherwise, you'll experience more losses than profits.
Also, there are different kinds of trading, such as grid trading, spot trading, forex trading, and futures trading. Those kinds of leveraged trading, such as futures and forex, are a bit more risky than spot trading. Spot trading is what I actually prefer because it is just the normal buying of a coin or token when the price is okay for you, and you can sell after the price spikes a bit and generate little profit for you.
Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
I am 100 percent in support of all what you said, some people just have delusional mindset that it is gambling. I think I need to show this to my friends that think this way.
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Among them is like what you said, that there is a friend of ours in the community who told us because his cryptocurrency asset future ran out and he had no capital, he said he also had a lot of Bitcoin but was tempted by Future trading so he lost a lot and his assets were gone. I think this is ridiculous and unable to control emotions.
This is why I try as much as possible to dissuade myself from trading or gambling because I definitely don’t wanna get to the point where I’ll end up losing all my assets because I was unable to control my emotions. Not like I’m an addict or incapable of controlling my emotions, but I’ve come to understand that some of the people who ended up in this situation are people who could’ve sworn they have complete control over their emotions but something happened at some point and they end up losing, even if not everything but a notable chunk of their asset to trading or gambling, it can happen to anyone, so the best thing to do is try as much as you can to stay away from it, whether or not you’re sure of your ability to control yourself or not.
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Among them is like what you said, that there is a friend of ours in the community who told us because his cryptocurrency asset future ran out and he had no capital, he said he also had a lot of Bitcoin but was tempted by Future trading so he lost a lot and his assets were gone. I think this is ridiculous and unable to control emotions.
This is why I try as much as possible to dissuade myself from trading or gambling because I definitely don’t wanna get to the point where I’ll end up losing all my assets because I was unable to control my emotions. Not like I’m an addict or incapable of controlling my emotions, but I’ve come to understand that some of the people who ended up in this situation are people who could’ve sworn they have complete control over their emotions but something happened at some point and they end up losing, even if not everything but a notable chunk of their asset to trading or gambling, it can happen to anyone, so the best thing to do is try as much as you can to stay away from it, whether or not you’re sure of your ability to control yourself or not.
Trading is not gambling if we have good knowledge and experience in making analysis and strategy. many people do trading and get profit consistently. because in trading we must be able to control emotions and of course make the right analysis and predictions. and all of that requires skills that we must hone, so it takes a long time to become a professional trader.
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Trading is not gambling if we have good knowledge and experience in making analysis and strategy. many people do trading and get profit consistently. because in trading we must be able to control emotions and of course make the right analysis and predictions. and all of that requires skills that we must hone, so it takes a long time to become a professional trader.
All you’ve said is true and while I agree with your statement, we also need to look at things from this angle, though it a true that there are traders who have studied the market and have developed their own personal strategy that enables them to navigate the market and make some profit from the market consistently, but that doesn’t in anyway make those strategies has the abilities to make the traders immune to losses, as they also in some occasional have their own share of the losses. And this unpredictable nature of the market makes it even more akin to gambling since gambling is also very much unpredictable.
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Among them is like what you said, that there is a friend of ours in the community who told us because his cryptocurrency asset future ran out and he had no capital, he said he also had a lot of Bitcoin but was tempted by Future trading so he lost a lot and his assets were gone. I think this is ridiculous and unable to control emotions.
This is why I try as much as possible to dissuade myself from trading or gambling because I definitely don’t wanna get to the point where I’ll end up losing all my assets because I was unable to control my emotions. Not like I’m an addict or incapable of controlling my emotions, but I’ve come to understand that some of the people who ended up in this situation are people who could’ve sworn they have complete control over their emotions but something happened at some point and they end up losing, even if not everything but a notable chunk of their asset to trading or gambling, it can happen to anyone,
It is very sad indeed because I see that gambling, betting and future seem easy to double money but on the one hand can immediately make the person poor. In my environment, gambling, future and betting are strictly prohibited because our environment defines that gambling, future and betting have more bad things than positive things. Personally, I go back to each of us as long as it does not harm others, for those who like gambling, please do so and those who don't like gambling are also welcome. DWYOR
so the best thing to do is try as much as you can to stay away from it, whether or not you’re sure of your ability to control yourself or not.
Yep, I keep away from the words gambling, betting and future because I have a principle to trade in cryptocurrency is only enough with Spot or become a top coin holder like Ethereum or Bitcoin. Spot cryptocurrency trading alone if our capital is above 1,000 dollars can also be profitable if seen from the calculation, we just have to be careful to read the market about Good and Bad news that gives the effect of price changes.
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It is very sad indeed because I see that gambling, betting and future seem easy to double money but on the one hand can immediately make the person poor. In my environment, gambling, future and betting are strictly prohibited because our environment defines that gambling, future and betting have more bad things than positive things. Personally, I go back to each of us as long as it does not harm others, for those who like gambling, please do so and those who don't like gambling are also welcome. DWYOR
Definitely, this is mostly about individual perspective, yes gambling can be harmful but in the long run, it still strictly depends on the individual's perspective and how the individual approaches gambling, this is what mostly determines what your approach and attitude towards it would be.
Yes there are definitely no approach or strategy in gambling that can completely eliminate the risks of losses and guarantee consistent wins but there's definitely an approach that can help mitigate the risk of losses and at least guarantee the gambler a healthy experience in gambling, it's just a matter of perspective.
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Trading is not gambling if we have good knowledge and experience in making analysis and strategy. many people do trading and get profit consistently. because in trading we must be able to control emotions and of course make the right analysis and predictions. and all of that requires skills that we must hone, so it takes a long time to become a professional trader.
Do you know that buying low and selling higher is also part of trading?
Yes, someone can buy bitcoin at 99k and sold 103k without even going much stress and doing much of their analysis because we all seems to see trading as something very that difficult. Though, trading is difficult depending on the kind of trading we are to go into because lot of people with what they want in trading and you may decides to go into future/derivative or option with this someone needs much of studying.
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Trading is not gambling if we have good knowledge and experience in making analysis and strategy. many people do trading and get profit consistently. because in trading we must be able to control emotions and of course make the right analysis and predictions. and all of that requires skills that we must hone, so it takes a long time to become a professional trader.
Well trading is different from gambling because we as traders are directly involved in moving the market. This is different from gambling where we are not directly involved in the outcome of a game and we are just people who guess and hope that luck will come. In trading we are directly involved in the trade itself and have our own impact on the market. So it's true that trading is not gambling.
If we make an example then this is the example.
- (TRADER) We traders are like football players playing on the field.
- (Gamblers) if we are gamblers then we are just spectators who bet by analyzing the game and then guessing the score or result of the match and our analysis and betting are not involved in the game and have no impact on the outcome of the game.
I got this example from a forum where someone posted it. I forget who that person was. But I agree with this example. ;D
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Trading is not gambling if we have good knowledge and experience in making analysis and strategy. many people do trading and get profit consistently. because in trading we must be able to control emotions and of course make the right analysis and predictions. and all of that requires skills that we must hone, so it takes a long time to become a professional trader.
Do you know that buying low and selling higher is also part of trading?
Yes, someone can buy bitcoin at 99k and sold 103k without even going much stress and doing much of their analysis because we all seems to see trading as something very that difficult. Though, trading is difficult depending on the kind of trading we are to go into because lot of people with what they want in trading and you may decides to go into future/derivative or option with this someone needs much of studying.
You are right buying when the price is low and selling when the price is high is also a form of trading that can be done. And many people also do not do analysis when they buy top coins.
because at this time following the trend is the right step to take, especially if we see the crypto market looks strong.
but for a trader they don't just buy and sell, there are those who play futures, margin and spot trading
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It is very sad indeed because I see that gambling, betting and future seem easy to double money but on the one hand can immediately make the person poor. In my environment, gambling, future and betting are strictly prohibited because our environment defines that gambling, future and betting have more bad things than positive things. Personally, I go back to each of us as long as it does not harm others, for those who like gambling, please do so and those who don't like gambling are also welcome. DWYOR
Definitely, this is mostly about individual perspective, yes gambling can be harmful but in the long run, it still strictly depends on the individual's perspective and how the individual approaches gambling, this is what mostly determines what your approach and attitude towards it would be.
It's true, sometimes there are individuals who gamble just for fun, for example their salary in their real job is 500 dollars in one month. The individual gambles with a capital of only 5 dollars and they say it's for fun. If they win, they must be happy because they say if they win with a capital of 5 dollars they can profit 100 dollars, I noticed they gamble on football. They also said that if the 5 dollars are lost, they don't want to gamble anymore because the measure in 1 month is only specifically enough up to 5 dollars.
Yes there are definitely no approach or strategy in gambling that can completely eliminate the risks of losses and guarantee consistent wins but there's definitely an approach that can help mitigate the risk of losses and at least guarantee the gambler a healthy experience in gambling, it's just a matter of perspective.
Yep, for myself, if I gamble I don't think I can control my emotions and gambling is not a game that I am required to play. It's better for me to avoid it from the start than later when I gamble I can't control my emotions.
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It's true, sometimes there are individuals who gamble just for fun, for example their salary in their real job is 500 dollars in one month. The individual gambles with a capital of only 5 dollars and they say it's for fun. If they win, they must be happy because they say if they win with a capital of 5 dollars they can profit 100 dollars, I noticed they gamble on football. They also said that if the 5 dollars are lost, they don't want to gamble anymore because the measure in 1 month is only specifically enough up to 5 dollars.
Yeah! 1% of one’s income or salary I believe is enough to allocate to gambling and if eventually that 1% is lost, there’ll always be an urge to take more from what’s left of your income and try again and maybe you might just get lucky. Setting gambling limits and budgets are not always the issue when it comes to allocation of the appropriate resources to gambling, we all know that the problem is sticking to those limits and budgets that you’ve been able to set for yourself, and not everyone knows how to control themselves when they come to this point. You might feel that 1 more percentage might really not hurt, but if you go ahead, one percent would lead to another percentage and before you know it, all your money is gone, it happens everyday and sometimes some gamblers don’t even know how they manage to get to that point.
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It's true, sometimes there are individuals who gamble just for fun, for example their salary in their real job is 500 dollars in one month. The individual gambles with a capital of only 5 dollars and they say it's for fun. If they win, they must be happy because they say if they win with a capital of 5 dollars they can profit 100 dollars, I noticed they gamble on football. They also said that if the 5 dollars are lost, they don't want to gamble anymore because the measure in 1 month is only specifically enough up to 5 dollars.
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Setting gambling limits and budgets are not always the issue when it comes to allocation of the appropriate resources to gambling, we all know that the problem is sticking to those limits and budgets that you’ve been able to set for yourself, and not everyone knows how to control themselves when they come to this point.
Well, that's what I'm afraid of, even if my friend is smart at managing all his assets in gambling, he definitely won't know when to stop gambling or control his emotions in gambling, which could ultimately have a detrimental effect on himself.
You might feel that 1 more percentage might really not hurt, but if you go ahead, one percent would lead to another percentage and before you know it, all your money is gone, it happens everyday and sometimes some gamblers don’t even know how they manage to get to that point.
1% done in a few days can also go up and up to 10%, then it can also run out of our salary. This is what I'm afraid of in gambling, it's like an octopus or a virus in the body, it can spread anywhere at any time and it is very dangerous for our own finances.
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I am also interested in futures trading and want to master it but we know that learning to trade takes time and focus while I have a busy real world that I have to do, because I am an employee. so I can't focus on learning futures trading. there are many interesting things in futures trading and we have to learn if we want to get maximum results in trading.
It's true and I understand your situation, but if you keep reading and practicing, the best thing is to practice in a demo account, so that you learn everything well, in a demo we can make mistakes, but in a real account a mistake is costly, I do it and the truth is that little by little it has been learned, sometimes work consumes us a lot and there are things that while we have activity we can do, trading is knowledge, experience, learning all the time, some of us don't Have much time When we are Employees , but since it is about money , it's worth it to keep learning.
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Among them is like what you said, that there is a friend of ours in the community who told us because his cryptocurrency asset future ran out and he had no capital, he said he also had a lot of Bitcoin but was tempted by Future trading so he lost a lot and his assets were gone. I think this is ridiculous and unable to control emotions.
This is why I try as much as possible to dissuade myself from trading or gambling because I definitely don’t wanna get to the point where I’ll end up losing all my assets because I was unable to control my emotions. Not like I’m an addict or incapable of controlling my emotions, but I’ve come to understand that some of the people who ended up in this situation are people who could’ve sworn they have complete control over their emotions but something happened at some point and they end up losing, even if not everything but a notable chunk of their asset to trading or gambling, it can happen to anyone, so the best thing to do is try as much as you can to stay away from it, whether or not you’re sure of your ability to control yourself or not.
Trading is not gambling if we have good knowledge and experience in making analysis and strategy. many people do trading and get profit consistently. because in trading we must be able to control emotions and of course make the right analysis and predictions. and all of that requires skills that we must hone, so it takes a long time to become a professional trader.
Trading will really be that only considered gambling at the time that you will really be not applying any analysis into the trades that you are making. On the time or moment that you will be serious on making up some analysis towards your trading position. Putting up some considerations on making up some trading position basing up on the knowledge you do have. If you do have that skills then trading skill is something that could make a living specially if you are profitable and someone whose really that sustainable. You are the ones who will really be on how to deal up with it.
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You might feel that 1 more percentage might really not hurt, but if you go ahead, one percent would lead to another percentage and before you know it, all your money is gone, it happens everyday and sometimes some gamblers don’t even know how they manage to get to that point.
1% done in a few days can also go up and up to 10%, then it can also run out of our salary. This is what I'm afraid of in gambling, it's like an octopus or a virus in the body, it can spread anywhere at any time and it is very dangerous for our own finances.
It is obvious that gambling is too much money if it cuts up to 10% of our monthly salary budget... I can see the similarities between trading and gambling when I realize how new people treat memecoins on the exchange... they buy with 1% of the budget for 1 meme coin, and hope to earn up to x20 in a short time... this hope is like a kind of gambling too, right? Because it is too speculative and does not think about strategies using data...
Traders who are not the same as gambling are traders who have good strategies and management... some gambling does use analysis, such as football gambling or other sports... but the speculation ratio is stronger for gambling, while we can still use a backup plan if we decide to trade.
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You might feel that 1 more percentage might really not hurt, but if you go ahead, one percent would lead to another percentage and before you know it, all your money is gone, it happens everyday and sometimes some gamblers don’t even know how they manage to get to that point.
1% done in a few days can also go up and up to 10%, then it can also run out of our salary. This is what I'm afraid of in gambling, it's like an octopus or a virus in the body, it can spread anywhere at any time and it is very dangerous for our own finances.
It is obvious that gambling is too much money if it cuts up to 10% of our monthly salary budget... I can see the similarities between trading and gambling when I realize how new people treat memecoins on the exchange... they buy with 1% of the budget for 1 meme coin, and hope to earn up to x20 in a short time... this hope is like a kind of gambling too, right? Because it is too speculative and does not think about strategies using data...
Traders who are not the same as gambling are traders who have good strategies and management... some gambling does use analysis, such as football gambling or other sports... but the speculation ratio is stronger for gambling, while we can still use a backup plan if we decide to trade.
I am just a trader who has never been active in gambling. I can say that trading requires proper analysis and strategy so that we can get maximum results.
Gambling also uses analysis if you are active in football gambling. But in my opinion the risk of gambling is too high, we should avoid it.
Trading with coin memes, if you don't have good analysis and experience, of course it's like gambling.
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@Dr.Bitcoin_Strange Your point are just right. Most people do believe that trading is gambling the only scenario trading like gambling is when you don't know what you doing (trading without any proper knowledge). Most newbie thought that trading is all about buying low and selling when the price high they won't bother doing any good research all their aim is looking for coins with high volatility inorder to make quick profits which is wrong and also risky trading not something you just five in without analysing or researching. All you should be concerned on in trading is how to reduce your losses. While gambling depends mainly on pure lucks
Trading requires good knowledge so that one can follow the proper analysis and make good results from his trading. Gambling requires good predictions to win, but in trading you're guided by your knowledge and experience you have in hitting the market.
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Trading requires good knowledge so that one can follow the proper analysis and make good results from his trading. Gambling requires good predictions to win, but in trading you're guided by your knowledge and experience you have in hitting the market.
Truly, analysis distinguishes between trading and gambling. When proper analysis is performed in trading, the trader will profit from the trade. A trader has a good chance of making money when their analysis is based on statistics. When deciding what to buy and sell, a trader must rely heavily on historical and quantitative data to gain profit.
There is no assurance that a gambler will profit from gambling analysis. Because what ultimately determines the outcome of the game is what transpires in the field, even after a gambler makes predictions based on historical and quantitative data, there is still no guarantee that they will win.
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@Dr.Bitcoin_Strange Your point are just right. Most people do believe that trading is gambling the only scenario trading like gambling is when you don't know what you doing (trading without any proper knowledge). Most newbie thought that trading is all about buying low and selling when the price high they won't bother doing any good research all their aim is looking for coins with high volatility inorder to make quick profits which is wrong and also risky trading not something you just five in without analysing or researching. All you should be concerned on in trading is how to reduce your losses. While gambling depends mainly on pure lucks
Trading requires good knowledge so that one can follow the proper analysis and make good results from his trading. Gambling requires good predictions to win, but in trading you're guided by your knowledge and experience you have in hitting the market.
Trading is literally different from gambling because it's not the same as poker or casino. You can make analyze the market in trading, you can make a strategy and if it has a high win rate strategy you can guarantee to make a profit. So it's not always a 50/50 game like gambling, if you really have a good strategy you can make trading as business where you just wait for right setup to occur in the market. But in gambling, it's a 50/50 game.
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Trading is literally different from gambling because it's not the same as poker or casino. You can make analyze the market in trading, you can make a strategy and if it has a high win rate strategy you can guarantee to make a profit. So it's not always a 50/50 game like gambling, if you really have a good strategy you can make trading as business where you just wait for right setup to occur in the market. But in gambling, it's a 50/50 game.
You’re right, while trading and gambling shares some very striking similarities, they are also very different in so many ways, you talked about using strategies in trading to ensure profitability, it might also interest you to know that in gambling, using the right strategies while it may not really guarantee wins, it can really help the gambler to at least mitigate the risk of losses while also increasing the chances of winning, unlike one without an effective strategy. The only difference I believe between the both context is that trading can potentially be considered as a good or effective way of making money or a steady income source, while it’s not the same with gambling.
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@Dr.Bitcoin_Strange Your point are just right. Most people do believe that trading is gambling the only scenario trading like gambling is when you don't know what you doing (trading without any proper knowledge). Most newbie thought that trading is all about buying low and selling when the price high they won't bother doing any good research all their aim is looking for coins with high volatility inorder to make quick profits which is wrong and also risky trading not something you just five in without analysing or researching. All you should be concerned on in trading is how to reduce your losses. While gambling depends mainly on pure lucks
Trading requires good knowledge so that one can follow the proper analysis and make good results from his trading. Gambling requires good predictions to win, but in trading you're guided by your knowledge and experience you have in hitting the market.
Trading is literally different from gambling because it's not the same as poker or casino. You can make analyze the market in trading, you can make a strategy and if it has a high win rate strategy you can guarantee to make a profit. So it's not always a 50/50 game like gambling, if you really have a good strategy you can make trading as business where you just wait for right setup to occur in the market. But in gambling, it's a 50/50 game.
Speaking literally then it is really just that different when we do speak about gambling and trading on which you can be able to determine about trading and gambling and basing up on how its done. It will really be just that too impossible that you cant be able to point out literally and it will be that impossible that you cant be able to spot out about the differences about risks level in between both things. Trading will really be that only considered as gambling at the time or moment that you wont be applying any analysis into your trading on which its really that necessary that you do really know at least on what you are really that dealing into.
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Trading is not gambling but before having proper risk management.
As we know trader already do their job patiently and emotional less trade while position in market.
If the trader does not have greep on market structure and Tech analysis or fundamental analysis then it's gambling.
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Trading is not gambling but before having proper risk management.
As we know trader already do their job patiently and emotional less trade while position in market.
If the trader does not have greep on market structure and Tech analysis or fundamental analysis then it's gambling.
There are others who believe that when you take a risk in trading, it means you are gambling your funds in trading, which is a wrong concept of analysis that they have made at this point. Trading is not a game, unlike gambling, which is all about games.
In trading, you cannot rely on luck, but you must have knowledge, because without that, you can just gamble like you are in a casino. Trading is really far from gambling because it can be considered your own business.
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Trading is not gambling but before having proper risk management.
As we know trader already do their job patiently and emotional less trade while position in market.
If the trader does not have greep on market structure and Tech analysis or fundamental analysis then it's gambling.
Many people misunderstand what is called gambling. So nowadays many people think that trading can also be considered gambling. But yeah as you said that Trading is not gambling. And yes, a trader must make good analysis and good risk management when trading so that they don't just speculate without any analysis.
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Trading is not gambling but before having proper risk management.
As we know trader already do their job patiently and emotional less trade while position in market.
If the trader does not have greep on market structure and Tech analysis or fundamental analysis then it's gambling.
Many people misunderstand what is called gambling. So nowadays many people think that trading can also be considered gambling. But yeah as you said that Trading is not gambling. And yes, a trader must make good analysis and good risk management when trading so that they don't just speculate without any analysis.
Like futures trading, there are still many people who think that this trading is similar to gambling, but if they understand correctly, they will not say that.
What is clear is that trading requires skills, as you mentioned and this is very important in trading.
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Trading is literally different from gambling because it's not the same as poker or casino. You can make analyze the market in trading, you can make a strategy and if it has a high win rate strategy you can guarantee to make a profit. So it's not always a 50/50 game like gambling, if you really have a good strategy you can make trading as business where you just wait for right setup to occur in the market. But in gambling, it's a 50/50 game.
Indeed. It is totally different, trading is not the same as gambling.
Trading relies on our ability, skills, or knowledge. We must always do analysis in trading to increase the chance to get profits.
Meanwhile in gambling, we sometimes totally don't need analysis. We rely on the luck, so we just play the gambling games easily.
Sure, the chance to win in gambling will be always 50:50 because it mostly depends on the luck only.
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Trading is not gambling but before having proper risk management.
As we know trader already do their job patiently and emotional less trade while position in market.
If the trader does not have greep on market structure and Tech analysis or fundamental analysis then it's gambling.
Many people misunderstand what is called gambling. So nowadays many people think that trading can also be considered gambling. But yeah as you said that Trading is not gambling. And yes, a trader must make good analysis and good risk management when trading so that they don't just speculate without any analysis.
Like futures trading, there are still many people who think that this trading is similar to gambling, but if they understand correctly, they will not say that.
What is clear is that trading requires skills, as you mentioned and this is very important in trading.
Futures trading is not gambling, although the risk is big but if we have knowledge and skills in futures trading we can minimize losses and we can get profit from futures trading.
all depends on each person's ability in trading, if you want a smaller risk you can choose spot trading.
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@Dr.Bitcoin_Strange Your point are just right. Most people do believe that trading is gambling the only scenario trading like gambling is when you don't know what you doing (trading without any proper knowledge). Most newbie thought that trading is all about buying low and selling when the price high they won't bother doing any good research all their aim is looking for coins with high volatility inorder to make quick profits which is wrong and also risky trading not something you just five in without analysing or researching. All you should be concerned on in trading is how to reduce your losses. While gambling depends mainly on pure lucks
Sorry but sometimes you guys just get this whole gambling and trading mixed up and even make it look like the same thing, I no talking about the last part of your post where you said that all traders should be concerned about is mitigating or reducing their losses and about gambling just being all about luck. Not like what you’ve said is wrong but if you sound this way then you make the both context look just like same thing while you’re actually trying to point out the difference.
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Trading is literally different from gambling because it's not the same as poker or casino. You can make analyze the market in trading, you can make a strategy and if it has a high win rate strategy you can guarantee to make a profit. So it's not always a 50/50 game like gambling, if you really have a good strategy you can make trading as business where you just wait for right setup to occur in the market. But in gambling, it's a 50/50 game.
Indeed. It is totally different, trading is not the same as gambling.
Trading relies on our ability, skills, or knowledge. We must always do analysis in trading to increase the chance to get profits.
Meanwhile in gambling, we sometimes totally don't need analysis. We rely on the luck, so we just play the gambling games easily.
Sure, the chance to win in gambling will be always 50:50 because it mostly depends on the luck only.
In other words, Gambling is based on luck while Trading is based on analysis. Gambling is programmed, it was made by humans, and it was certainly not made to go bankrupt. It is proven that the owner of a gambling site will really make money. Trading, on the other hand, is volatile and someone may manipulate, but he cannot control all the movements in the market. Like Bitcoin, no one can really control the market.
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Like futures trading, there are still many people who think that this trading is similar to gambling, but if they understand correctly, they will not say that.
What is clear is that trading requires skills, as you mentioned and this is very important in trading.
Futures trading is not gambling, although the risk is big but if we have knowledge and skills in futures trading we can minimize losses and we can get profit from futures trading.
all depends on each person's ability in trading, if you want a smaller risk you can choose spot trading.
So that's what I said before...
Only people don't know that futures trading while those who have the profession of trading in futures will understand how important skills are including how they take action and risk management.
Many people are successful in futures trading.
Because I myself do not want to take a lot of risk then have spot trading.
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Trading is literally different from gambling because it's not the same as poker or casino. You can make analyze the market in trading, you can make a strategy and if it has a high win rate strategy you can guarantee to make a profit. So it's not always a 50/50 game like gambling, if you really have a good strategy you can make trading as business where you just wait for right setup to occur in the market. But in gambling, it's a 50/50 game.
Indeed. It is totally different, trading is not the same as gambling.
Trading relies on our ability, skills, or knowledge. We must always do analysis in trading to increase the chance to get profits.
Meanwhile in gambling, we sometimes totally don't need analysis. We rely on the luck, so we just play the gambling games easily.
Sure, the chance to win in gambling will be always 50:50 because it mostly depends on the luck only.
In other words, Gambling is based on luck while Trading is based on analysis. Gambling is programmed, it was made by humans, and it was certainly not made to go bankrupt. It is proven that the owner of a gambling site will really make money. Trading, on the other hand, is volatile and someone may manipulate, but he cannot control all the movements in the market. Like Bitcoin, no one can really control the market.
In trading, it can be manipulated, but it doesn't last long because the market will play its role again. While gambling programs are made by humans so it is unlikely to go bankrupt as you said. In trading we rely on analysis and strategy, while in gambling we only rely on luck. That's why many people go bankrupt because of gambling.
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Let's be pragmatic for those who sees gambling as same thing with trading;
Gambling is always betwixt two opinion, whether it's positive for you as profit or negative to you as losses. This directions cannot be measured to which side it will fall. This has a straight line, which is either in or out, having no certain direction.
The above stated terms has a little similarities with trading as well, but the difference is that trading has tools which with good knowledge on how the tools function, you can determine which direction will yield profits. It also has a tool in which can help secure your profit, when there's profit available, so as to avoid total losses when the market turns around.
Everyone is free with their opinion, but it's so blur when one says gambling is same as trading.
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Let's be pragmatic for those who sees gambling as same thing with trading;
Gambling is always betwixt two opinion, whether it's positive for you as profit or negative to you as losses. This directions cannot be measured to which side it will fall. This has a straight line, which is either in or out, having no certain direction.
The above stated terms has a little similarities with trading as well, but the difference is that trading has tools which with good knowledge on how the tools function, you can determine which direction will yield profits. It also has a tool in which can help secure your profit, when there's profit available, so as to avoid total losses when the market turns around.
Everyone is free with their opinion, but it's so blur when one says gambling is same as trading.
Gambling is not the same as trading, because in trading there is knowledge that we need to do fundamental and technical analysis, read charts and create strategies.
while in trading only rely on luck and habits without clear knowledge.
Two different things but often obscured by people in distinguishing the two and considered the same.
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Let's be pragmatic for those who sees gambling as same thing with trading;
Gambling is always betwixt two opinion, whether it's positive for you as profit or negative to you as losses. This directions cannot be measured to which side it will fall. This has a straight line, which is either in or out, having no certain direction.
The above stated terms has a little similarities with trading as well, but the difference is that trading has tools which with good knowledge on how the tools function, you can determine which direction will yield profits. It also has a tool in which can help secure your profit, when there's profit available, so as to avoid total losses when the market turns around.
Everyone is free with their opinion, but it's so blur when one says gambling is same as trading.
Gambling is not the same as trading, because in trading there is knowledge that we need to do fundamental and technical analysis, read charts and create strategies.
while in trading only rely on luck and habits without clear knowledge.
Two different things but often obscured by people in distinguishing the two and considered the same.
Talking literally then this isnt really that the same and you could be able to identify between the two at the time or moment that you do deal up with these things. Trading could really be only becomes gambling at the moment that you wont really be putting any analysis into it and thats why its really that better that you should really be taking up seriously in terms of analysis and other correlated aspects when it comes to trading. Outcomes and results will definitely be that basing up into the actions that you are making and not really just that so simple into dealing up with trading, We do know that when it comes into this aspect then each person does have its own approach.
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Trading is literally different from gambling because it's not the same as poker or casino. You can make analyze the market in trading, you can make a strategy and if it has a high win rate strategy you can guarantee to make a profit. So it's not always a 50/50 game like gambling, if you really have a good strategy you can make trading as business where you just wait for right setup to occur in the market. But in gambling, it's a 50/50 game.
Indeed. It is totally different, trading is not the same as gambling.
Trading relies on our ability, skills, or knowledge. We must always do analysis in trading to increase the chance to get profits.
Meanwhile in gambling, we sometimes totally don't need analysis. We rely on the luck, so we just play the gambling games easily.
Sure, the chance to win in gambling will be always 50:50 because it mostly depends on the luck only.
In other words, Gambling is based on luck while Trading is based on analysis. Gambling is programmed, it was made by humans, and it was certainly not made to go bankrupt. It is proven that the owner of a gambling site will really make money. Trading, on the other hand, is volatile and someone may manipulate, but he cannot control all the movements in the market. Like Bitcoin, no one can really control the market.
In trading, it can be manipulated, but it doesn't last long because the market will play its role again. While gambling programs are made by humans so it is unlikely to go bankrupt as you said. In trading we rely on analysis and strategy, while in gambling we only rely on luck. That's why many people go bankrupt because of gambling.
If we think about it, they can manipulate a coin or token but they can't always do it. Why? Because there is not just one manipulator in the market but there are many of them. Whales and Institutions may be the ones manipulating the market so we can say it's a fight between them, retail traders are not involved. Among cryptocurrencies, Bitcoin alone is not easily manipulated because it has the lowest volatility of all cryptocurrencies.
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Most of the time, both online and offline, there has been some argument relating to the title of this thread. Some people think that trading is just based on luck, like the way gambling is basically dependent on how lucky the player can be. In trading, there are some trading tools and parameters that traders use to analyze the market. Despite the fact that the crypto market is quite unpredictable all the time, traders and some market analysts use most of the trading tools to analyze the direction of the market, and that's what gives them the insight to make some predictions that could actually be correct. Some market predictions may not actually be 100%, 90%, or 80% accurate, but in most cases, they could be around 60–70% accurate, and some traders will advise you to make sure you "take profit" where you have met a good sum of profit. It is better to take a profit than to wait for your prediction to actually be 100% of the price you expect to sell.
The crypto market is very dynamic, and despite the fact that crypto enthusiasts cannot actually be 100% accurate about the direction of the market, that doesn't mean that trading should be handled as gambling. As a trader, it's good to keep learning and developing your own personal strategy that can help you win in the market; otherwise, you'll experience more losses than profits.
Also, there are different kinds of trading, such as grid trading, spot trading, forex trading, and futures trading. Those kinds of leveraged trading, such as futures and forex, are a bit more risky than spot trading. Spot trading is what I actually prefer because it is just the normal buying of a coin or token when the price is okay for you, and you can sell after the price spikes a bit and generate little profit for you.
Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
the pronunciation sounds different and means different also,but for me i see it as a means of gamble,they both share same risk,loosing and gaining.
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Trading is not gambling but before having proper risk management.
As we know trader already do their job patiently and emotional less trade while position in market.
If the trader does not have greep on market structure and Tech analysis or fundamental analysis then it's gambling.
There are others who believe that when you take a risk in trading, it means you are gambling your funds in trading, which is a wrong concept of analysis that they have made at this point. Trading is not a game, unlike gambling, which is all about games.
In trading, you cannot rely on luck, but you must have knowledge, because without that, you can just gamble like you are in a casino. Trading is really far from gambling because it can be considered your own business.
You are very correct, I have been reading some comments on this topics/title, unfortunately many people are still looking at trading as having some similarities with gambling. I found this argument very difficult to agree because Trading is absolutely a business on its own, while gambling is a game of luck, 100% luck.
Trading is completely based on knowledge and experiences of the market. Clearly, gambling is based on two outcomes, a win or lose. Once you lost on any sport betting, that is the end, but trading is not like betting at all.
For example, let considered trading btc, if a trader take a buy position on the spot option, say Bitcoin at $90k, when filled, you are expected to sell at certain price level, at least $95k depending on individuals rates; the price may either increase or decrease in at certain intervals but not a complete lost of the capital.
Based on the example, if the price decrease to $85 or even $70k, it does not mean the end of the trade, there are possibility that the price will come back stronger, just a matter of being patient. The amount used in Gambling is gone once you lose the game, simple!
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Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
the pronunciation sounds different and means different also,but for me i see it as a means of gamble,they both share same risk,loosing and gaining.
Truly they share same risk of either losing or gaining. But when closely checked, we'll find out that there's more chances of not losing everything when it comes to trading, unlike losing everything in gambling at one attempt. Just as said above, it's your choice to see trading as same thing to gambling, until you personally see the difference practically.
Trading is seen to be different from gambling only by those who puts the effort to learn how to manage their losses in what they venture into online, rather than just dropping money into random luck, without efforts for positive results.
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It is not impossible to get several times the return from investing in some shitcoins due to volatility. There is a possibility of getting several times more due to the hype in some shitcoins. Many people can compare investing in those coins with luck because luck is an important factor in gambling. Many people can also inform those shitcoins as gambling tokens.
But if we observe from a neutral point of view, then gambling and trading are not the same thing. To trade, knowledge is definitely needed. A trader has to have various types of knowledge about trading, but a gambler does not have such pressure. That is why gambling is only informed as a game based on luck.
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the pronunciation sounds different and means different also,but for me i see it as a means of gamble,they both share same risk,loosing and gaining.
Yeah they both share striking similarities but yet so different in so many ways. While gambling success is majorly based on luck and chances, thereby making success or profitability merely just a probability, the case isn’t the same with trading, with the right strategy, risk management skill and experience, profitability could be guaranteed and one could rely on trading as a source of income which we already know isn’t the same for gambling, because even with an effective strategy, success is still never guaranteed.
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Let's be pragmatic for those who sees gambling as same thing with trading;
Gambling is always betwixt two opinion, whether it's positive for you as profit or negative to you as losses. This directions cannot be measured to which side it will fall. This has a straight line, which is either in or out, having no certain direction.
The above stated terms has a little similarities with trading as well, but the difference is that trading has tools which with good knowledge on how the tools function, you can determine which direction will yield profits. It also has a tool in which can help secure your profit, when there's profit available, so as to avoid total losses when the market turns around.
Everyone is free with their opinion, but it's so blur when one says gambling is same as trading.
Gambling is not the same as trading, because in trading there is knowledge that we need to do fundamental and technical analysis, read charts and create strategies.
while in trading only rely on luck and habits without clear knowledge.
Two different things but often obscured by people in distinguishing the two and considered the same.
- If in crypto trading or bitcoin, that's what every trade here will do, the fundamental and technical ones. Because if a trader can't do this, for sure this trader is an obvious gambler who sees trading as just a gambling system.
This is where they often make mistakes, when they think and think that it's just luck in this trading business, when in fact, the concept of crypto trading doesn't move or revolve that way, so it's very important to study crypto trading in this industry.
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Let's be pragmatic for those who sees gambling as same thing with trading;
Gambling is always betwixt two opinion, whether it's positive for you as profit or negative to you as losses. This directions cannot be measured to which side it will fall. This has a straight line, which is either in or out, having no certain direction.
The above stated terms has a little similarities with trading as well, but the difference is that trading has tools which with good knowledge on how the tools function, you can determine which direction will yield profits. It also has a tool in which can help secure your profit, when there's profit available, so as to avoid total losses when the market turns around.
Everyone is free with their opinion, but it's so blur when one says gambling is same as trading.
Gambling is not the same as trading, because in trading there is knowledge that we need to do fundamental and technical analysis, read charts and create strategies.
while in trading only rely on luck and habits without clear knowledge.
Two different things but often obscured by people in distinguishing the two and considered the same.
- If in crypto trading or bitcoin, that's what every trade here will do, the fundamental and technical ones. Because if a trader can't do this, for sure this trader is an obvious gambler who sees trading as just a gambling system.
This is where they often make mistakes, when they think and think that it's just luck in this trading business, when in fact, the concept of crypto trading doesn't move or revolve that way, so it's very important to study crypto trading in this industry.
We must be able to do technical and fundamental analysis in trading, and this requires focus and observation in viewing the market and the coins we choose.
We must master the knowledge in trading so that we are not considered a gambler who only relies on luck in trading.
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Gambling is not the same as trading, because in trading there is knowledge that we need to do fundamental and technical analysis, read charts and create strategies.
while in trading only rely on luck and habits without clear knowledge.
Two different things but often obscured by people in distinguishing the two and considered the same.
Gambling that relies on the luck. But sometimes we also need skills/knowledge in gambling. However, it is true that trading is quite different because it can't rely on the luck only. You must have proper knowledge in trading if you want to trade in the right way. If you trade with lack of strategy or less knowledge, it is very possible to end up with a lose only.
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Let's be pragmatic for those who sees gambling as same thing with trading;
Gambling is always betwixt two opinion, whether it's positive for you as profit or negative to you as losses. This directions cannot be measured to which side it will fall. This has a straight line, which is either in or out, having no certain direction.
The above stated terms has a little similarities with trading as well, but the difference is that trading has tools which with good knowledge on how the tools function, you can determine which direction will yield profits. It also has a tool in which can help secure your profit, when there's profit available, so as to avoid total losses when the market turns around.
Everyone is free with their opinion, but it's so blur when one says gambling is same as trading.
Gambling is not the same as trading, because in trading there is knowledge that we need to do fundamental and technical analysis, read charts and create strategies.
while in trading only rely on luck and habits without clear knowledge.
Two different things but often obscured by people in distinguishing the two and considered the same.
- If in crypto trading or bitcoin, that's what every trade here will do, the fundamental and technical ones. Because if a trader can't do this, for sure this trader is an obvious gambler who sees trading as just a gambling system.
This is where they often make mistakes, when they think and think that it's just luck in this trading business, when in fact, the concept of crypto trading doesn't move or revolve that way, so it's very important to study crypto trading in this industry.
We must be able to do technical and fundamental analysis in trading, and this requires focus and observation in viewing the market and the coins we choose.
We must master the knowledge in trading so that we are not considered a gambler who only relies on luck in trading.
You are correct on this dude, Because without focus and observation, our technical and fundamental analysis will be ignored for sure in the end. These two are very important substances for our traders. Because if we have them and use them correctly, we will definitely get good and good earnings in trading.
Although, trading is not easy to do, but it is easy to learn, it is just difficult to execute correctly and properly because if the analysis is wrong, do not expect that you will get a profit, but if the analysis is right because you are 100% focused and your observation is right, for sure the result will also be good.
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Let's be pragmatic for those who sees gambling as same thing with trading;
Gambling is always betwixt two opinion, whether it's positive for you as profit or negative to you as losses. This directions cannot be measured to which side it will fall. This has a straight line, which is either in or out, having no certain direction.
The above stated terms has a little similarities with trading as well, but the difference is that trading has tools which with good knowledge on how the tools function, you can determine which direction will yield profits. It also has a tool in which can help secure your profit, when there's profit available, so as to avoid total losses when the market turns around.
Everyone is free with their opinion, but it's so blur when one says gambling is same as trading.
Gambling is not the same as trading, because in trading there is knowledge that we need to do fundamental and technical analysis, read charts and create strategies.
while in trading only rely on luck and habits without clear knowledge.
Two different things but often obscured by people in distinguishing the two and considered the same.
With the points you have mentioned, it can be said that gambling and trading are not the same. Of course there is a big difference between gambling and trading but when you see an addicted gambler and an addicted future trader you cannot easily tell them apart because their behavior is almost the same. This is why Leverage Trading and Gambling are sometimes called the same thing. But of course these two things are different
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With the points you have mentioned, it can be said that gambling and trading are not the same. Of course there is a big difference between gambling and trading but when you see an addicted gambler and an addicted future trader you cannot easily tell them apart because their behavior is almost the same. This is why Leverage Trading and Gambling are sometimes called the same thing. But of course these two things are different
Both are different even though when addicted they look the same. Trading requires knowledge and skills in making analysis and strategies while gambling only relies on experience and luck. Sometimes because of addiction in trading people think they only rely on luck when in fact in trading we have to make analysis and read price movements in the crypto market.
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With the points you have mentioned, it can be said that gambling and trading are not the same. Of course there is a big difference between gambling and trading but when you see an addicted gambler and an addicted future trader you cannot easily tell them apart because their behavior is almost the same. This is why Leverage Trading and Gambling are sometimes called the same thing. But of course these two things are different
Of course, gambling and trading are different. We know gambling mostly relies on the luck, but trading relies on the knowledge. In my opinion, gambling is about playing game, that's why many people can get addiction. It is different with trading, it is not about playing game. So, I rarely heard that people get addiction in trading. Trading is a serious matter, and how to succeed in trading can be learned. Improving the knowledge and experience are 2 keys to succeed in trading.
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Let's be pragmatic for those who sees gambling as same thing with trading;
Gambling is always betwixt two opinion, whether it's positive for you as profit or negative to you as losses. This directions cannot be measured to which side it will fall. This has a straight line, which is either in or out, having no certain direction.
The above stated terms has a little similarities with trading as well, but the difference is that trading has tools which with good knowledge on how the tools function, you can determine which direction will yield profits. It also has a tool in which can help secure your profit, when there's profit available, so as to avoid total losses when the market turns around.
Everyone is free with their opinion, but it's so blur when one says gambling is same as trading.
Gambling is not the same as trading, because in trading there is knowledge that we need to do fundamental and technical analysis, read charts and create strategies.
while in trading only rely on luck and habits without clear knowledge.
Two different things but often obscured by people in distinguishing the two and considered the same.
- If in crypto trading or bitcoin, that's what every trade here will do, the fundamental and technical ones. Because if a trader can't do this, for sure this trader is an obvious gambler who sees trading as just a gambling system.
This is where they often make mistakes, when they think and think that it's just luck in this trading business, when in fact, the concept of crypto trading doesn't move or revolve that way, so it's very important to study crypto trading in this industry.
We must be able to do technical and fundamental analysis in trading, and this requires focus and observation in viewing the market and the coins we choose.
We must master the knowledge in trading so that we are not considered a gambler who only relies on luck in trading.
Everything will really be needing up that TA or FA when you do deal up with trading because this is something that you will be needing up to apply these things because on the time that you arent that applying any analysis in trading then its just that basically gambling. They are both different things and even just using up your own common sense then you will be able to make out some differentiation in between things. You would really be the ones will be needing up to choose on which path you will be taking into. Trading would be only becomes gambling at the moment that you wont be having that application of any analysis and this is something which is really that standard because if you wont be having this kind of consideration or taking then it does give out that kind of different outcome.
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Gambling is not the same as trading, because in trading there is knowledge that we need to do fundamental and technical analysis, read charts and create strategies.
while in trading only rely on luck and habits without clear knowledge.
Two different things but often obscured by people in distinguishing the two and considered the same.
I also agree with your point of view, trading is far different from gambling, because gamblers does not acquire any knowledge before gambling. but it is important for Traders to acquire knowledge before they start trading because it will serve as their guideline in the world of trading. Gambling rely on luck, and you are putting your money at risk because you don't know whether you may win or you may lose. The reason why some people compare trading with gambling is become your money is at risk and you don't know the outcome of your money. But they are far difference from each other, because the trading knowledge that you will acquired before trading will help you to manage and minimize the risks. Gamblers does not acquire any knowledge before gambling. So they don't have any strategy to prevent them from losing.
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Both are different even though when addicted they look the same. Trading requires knowledge and skills in making analysis and strategies while gambling only relies on experience and luck. Sometimes because of addiction in trading people think they only rely on luck when in fact in trading we have to make analysis and read price movements in the crypto market.
Trading is where your knowledge can shine.
Gambling - it's when only your luck shines, and risk-management, mostly.
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Both are different even though when addicted they look the same. Trading requires knowledge and skills in making analysis and strategies while gambling only relies on experience and luck. Sometimes because of addiction in trading people think they only rely on luck when in fact in trading we have to make analysis and read price movements in the crypto market.
Trading is where your knowledge can shine.
Gambling - it's when only your luck shines, and risk-management, mostly.
Trading is not like gambling but trading is risky not much like gambling but if someone is involved in future trading then it is definitely risk like gambling. coz a user can lost his full money on gambling and also a user can lost his full money on future trade. both are very attractive because there has opportunity to get rich quickly. that's why every gamblers and future traders go for trade and gambling with intentions of win big
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Trading is not like gambling but trading is risky not much like gambling but if someone is involved in future trading then it is definitely risk like gambling. coz a user can lost his full money on gambling and also a user can lost his full money on future trade. both are very attractive because there has opportunity to get rich quickly. that's why every gamblers and future traders go for trade and gambling with intentions of win big
People do confused risk and gambling together. The real gambling I know is you are trying to risk something you can lose everything later or gain something but in trading, you can't lose everything, your loss is unrealized, it can only be term as loss when you sell your asset in loss but as long as you keep holding it, you are partially protected until the market bounce back.
Even if you are trading futures, I don't see it as gambling, it's trading if you are using stop loss because that can protect you from any loss that can lead to liquidation of your money, there is always difference between gambling and trading for people that are crypto educated and gambling educated.
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Trading and gambling are two different things that one involves luck, the other involves strategy.
In trading, a trader can dream of having a payday through trading as a job, while in gambling you are not sure of having a win in weeks or months. You can't have it as a job, to depend on.
The difference between trading and gambling is clearer, as trading has a long term frame, while for gambling you place a bet, and within a day or two, you are expecting an outcome(short term)
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Everything will really be needing up that TA or FA when you do deal up with trading because this is something that you will be needing up to apply these things because on the time that you arent that applying any analysis in trading then its just that basically gambling. They are both different things and even just using up your own common sense then you will be able to make out some differentiation in between things. You would really be the ones will be needing up to choose on which path you will be taking into. Trading would be only becomes gambling at the moment that you wont be having that application of any analysis and this is something which is really that standard because if you wont be having this kind of consideration or taking then it does give out that kind of different outcome.
That's right, friend. The difference lies in that. And in the end trading is still trading and not gambling. It's just that trading will be like gambling if someone trades without having market analysis skills. It's just like he's betting by guessing which direction the market will go to safety without knowing the reasons either technically or fundamentally. And actually it indicates that someone is trading using a gambling method or relying on luck without any analysis.
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People do confused risk and gambling together. The real gambling I know is you are trying to risk something you can lose everything later or gain something but in trading, you can't lose everything, your loss is unrealized, it can only be term as loss when you sell your asset in loss but as long as you keep holding it, you are partially protected until the market bounce back.
yeah i do not like the comparison between trading and gambling
yes trading and so does a lot of other investment opportunities have risks but what sets them part from gambling is the percentage of these risks and ways to minimize these risks obviously in gambling the percentage of risks are so much higher and there is almost nothing you can do to avoid it
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People do confused risk and gambling together. The real gambling I know is you are trying to risk something you can lose everything later or gain something but in trading, you can't lose everything, your loss is unrealized, it can only be term as loss when you sell your asset in loss but as long as you keep holding it, you are partially protected until the market bounce back.
yeah i do not like the comparison between trading and gambling
yes trading and so does a lot of other investment opportunities have risks but what sets them part from gambling is the percentage of these risks and ways to minimize these risks obviously in gambling the percentage of risks are so much higher and there is almost nothing you can do to avoid it
I agree with what you said the risk in gambling is higher and we can't avoid it, while in trading we can do research and analysis and use proper risk management. this will minimize our risk in trading in crypto and can maximize the profits we will get.
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People do confused risk and gambling together. The real gambling I know is you are trying to risk something you can lose everything later or gain something but in trading, you can't lose everything, your loss is unrealized, it can only be term as loss when you sell your asset in loss but as long as you keep holding it, you are partially protected until the market bounce back.
yeah i do not like the comparison between trading and gambling
yes trading and so does a lot of other investment opportunities have risks but what sets them part from gambling is the percentage of these risks and ways to minimize these risks obviously in gambling the percentage of risks are so much higher and there is almost nothing you can do to avoid it
I agree with what you said the risk in gambling is higher and we can't avoid it, while in trading we can do research and analysis and use proper risk management. this will minimize our risk in trading in crypto and can maximize the profits we will get.
Yea, trading is skillful, and you can become a professional trader by limiting your losses and make good profit from trading. Gambling is different because you cannot become a professional gambler no matter how hard you try. You will always lose more than you win, and gambling is strictly based on lucky. Traders can say that they have a job but gambling cannot be used as a job because it's for fun.
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I agree with what you said the risk in gambling is higher and we can't avoid it, while in trading we can do research and analysis and use proper risk management. this will minimize our risk in trading in crypto and can maximize the profits we will get.
Trading and gambling carry a high level of risk. The level of risk is determined by the trader or gambler. The trader chooses the level of risk he accepts, whether consciously or unconsciously. A newbie without trading experience is likely to make poor trading decisions, which is where the risk lies.
Gambling is inherently risky. In fact, the longer a gambler spends gambling, the more risk he or she takes on. However, the risk can be managed, and the only control is for the gambler to limit the amount of time and money spent on gambling.
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Yea, trading is skillful, and you can become a professional trader by limiting your losses and make good profit from trading. Gambling is different because you cannot become a professional gambler no matter how hard you try. You will always lose more than you win, and gambling is strictly based on lucky. Traders can say that they have a job but gambling cannot be used as a job because it's for fun.
In gambling, we can only manage risks better.
In trading, we can manage much more and learn to see the bigger picture. The outcome would not depend only on luck, but on clear metrics and facts.
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In gambling, we can only manage risks better.
In trading, we can manage much more and learn to see the bigger picture. The outcome would not depend only on luck, but on clear metrics and facts.
Yes, gambling is pure on luck and gamblers are advised to avoid as much as possible to avoid thinking or feeling that their victory in gambling depends on their skill or experience while this is different from traders, as they are advised to focus more on conducting their own research in other to be able to know how exactly to be able to navigate the market effectively and also to come up with their own personal strategies that’ll suit their personal financial goals, and this is one very notable difference between the both concepts.
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Yes, gambling is pure on luck and gamblers are advised to avoid as much as possible to avoid thinking or feeling that their victory in gambling depends on their skill or experience while this is different from traders, as they are advised to focus more on conducting their own research in other to be able to know how exactly to be able to navigate the market effectively and also to come up with their own personal strategies that’ll suit their personal financial goals, and this is one very notable difference between the both concepts.
You're right. Most gambling games are based on the luck factor. That's why people assume we have no need much skills or specific ability for certain gambling games. But it is much different with trading that requires specific skills and certain knowledge. We can make it trading the same as gambling because we will end up with losses only if we do it in the same way. So, everyone who want to be real trader, they must focus on learning everything about trading carefully. Because skills and knowledge are the main factor to succeed in trading.
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Although trading and gambling are essentially in the same frame, in gambling you will mainly have both profits and losses and there is no sure guarantee that you will make a profit or not. But in the case of trading, if you invest in a coin during a bear market and you wait until the market correction, then you can definitely guarantee that you will make a profit, which is not possible with gambling. This is the main difference between gambling and trading. Moreover, gambling is largely based on luck, where if you are lucky, you can make a big difference by hitting the jackpot.
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Everything will really be needing up that TA or FA when you do deal up with trading because this is something that you will be needing up to apply these things because on the time that you arent that applying any analysis in trading then its just that basically gambling. They are both different things and even just using up your own common sense then you will be able to make out some differentiation in between things. You would really be the ones will be needing up to choose on which path you will be taking into. Trading would be only becomes gambling at the moment that you wont be having that application of any analysis and this is something which is really that standard because if you wont be having this kind of consideration or taking then it does give out that kind of different outcome.
That's right, friend. The difference lies in that. And in the end trading is still trading and not gambling. It's just that trading will be like gambling if someone trades without having market analysis skills. It's just like he's betting by guessing which direction the market will go to safety without knowing the reasons either technically or fundamentally. And actually it indicates that someone is trading using a gambling method or relying on luck without any analysis.
If you are just that new then you would be having this kind of behavior on which you would really be having thoughts that you can make easy money with trading but on the moment that you do make out that actual trading or engagement and volatility do make out some loses then this is where you do make out some realizations that this isnt that right that you will be having such approach. This is why its important that you do really make out those realistic approach at least on what you should gonna do so thatyou wont really be finding yourself that being too desperate when it comes to dealing up with volatile space without being that having that gambler like mind.
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You're right. Most gambling games are based on the luck factor. That's why people assume we have no need much skills or specific ability for certain gambling games. But it is much different with trading that requires specific skills and certain knowledge. We can make it trading the same as gambling because we will end up with losses only if we do it in the same way. So, everyone who want to be real trader, they must focus on learning everything about trading carefully. Because skills and knowledge are the main factor to succeed in trading.
In gambling we’ve got the luck based games and the skill based games, the latter is call the skill based games not really because one do not require luck anymore, it simply means that your skills on such games gives you some level of advantage and chances of winning, but in the end, everyone still needs luck in gambling, such games are most of those games we already know and play now, like the sports betting and several other games.
And luck based games are those that requires only luck to win, these set of games do not really require your skill as a gambler but only how lucky you can get and these, examples of such games are the roulette games, slot machine games and some dice throwing games too, these games doesn’t require your skill at all, but strictly luck.
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Gambling is not the same as trading, because in trading there is knowledge that we need to do fundamental and technical analysis, read charts and create strategies.
while in trading only rely on luck and habits without clear knowledge.
Two different things but often obscured by people in distinguishing the two and considered the same.
I also agree with your point of view, trading is far different from gambling, because gamblers does not acquire any knowledge before gambling. but it is important for Traders to acquire knowledge before they start trading because it will serve as their guideline in the world of trading. Gambling rely on luck, and you are putting your money at risk because you don't know whether you may win or you may lose. The reason why some people compare trading with gambling is become your money is at risk and you don't know the outcome of your money. But they are far difference from each other, because the trading knowledge that you will acquired before trading will help you to manage and minimize the risks. Gamblers does not acquire any knowledge before gambling. So they don't have any strategy to prevent them from losing.
- There are still others who do not change their understanding that trading and gambling are the same because traders need to be risk takers,
because risk is the same as gambling.
With this kind of understanding, they really cannot understand the difference between trading and gambling. But if you use or apply logic and common sense,
it is really easy to understand.
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In gambling we’ve got the luck based games and the skill based games, the latter is call the skill based games not really because one do not require luck anymore, it simply means that your skills on such games gives you some level of advantage and chances of winning, but in the end, everyone still needs luck in gambling, such games are most of those games we already know and play now, like the sports betting and several other games.
Yes, there is luck-based games and skill-based games in gambling. However, all of them still require the luck factor as well. There is no pure game that only needs skills. When we are playing gambling games, we can't expect that we must win because we have the ability/skills. We also need to expect that we have a good luck.
And luck based games are those that requires only luck to win, these set of games do not really require your skill as a gambler but only how lucky you can get and these, examples of such games are the roulette games, slot machine games and some dice throwing games too, these games doesn’t require your skill at all, but strictly luck.
Of course, luck-based games totally relies on the luck factor. Slot is one of the examples, this game surely doesn't need any specific skills/ability.
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Mostly like gambling and waiting for a big whale to come if not and normal a coin takes a long time to rise unless the owner maintains the price movement of his own coin well.
I think the percentage of losing trading is more dominant than winning, especially when uncontrolled emotions come and are hypnotized into buying coins in the first that may have made some profit and we try our luck a second or third time.
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Mostly like gambling and waiting for a big whale to come if not and normal a coin takes a long time to rise unless the owner maintains the price movement of his own coin well.
I think the percentage of losing trading is more dominant than winning, especially when uncontrolled emotions come and are hypnotized into buying coins in the first that may have made some profit and we try our luck a second or third time.
I do agree - memes are just flashy, sometimes too flashy to see how many suffer and lose from them that gain something in return.
But it's our nature - see a big PNL, a green one, and wanting the same, not the big red PNL that usually occurs..
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Yes, there is luck-based games and skill-based games in gambling. However, all of them still require the luck factor as well. There is no pure game that only needs skills. When we are playing gambling games, we can't expect that we must win because we have the ability/skills. We also need to expect that we have a good luck.
You’re absolutely right, but I feel there’s a bit of an exception in this theory and we are gonna look into it. I always use card games as a pretty good example to visualize the point I’m trying to make. Do you know that there are people who have mastered the art of playing cards, because playing card is an art, in fact sports is an art. So there are those who have in fact mastered this art of playing card games so well that they can easily calculate and accurately predict their opponent’s next move, even before hey initiate that move. Yes, some people are that good.
So would you also say that such a person still needs luck when playing with a total novice??
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- There are still others who do not change their understanding that trading and gambling are the same because traders need to be risk takers,
because risk is the same as gambling.
With this kind of understanding, they really cannot understand the difference between trading and gambling. But if you use or apply logic and common sense,
it is really easy to understand.
Exactly my point, if you apply a common sense you will understand and also know that there is differences between trading and gambling. I won't deny the fact that they share similarities, which is "risk" but I can assure you that they are two different things. Because to my understanding, trading is the act of buying and selling of goods and services with the aim of making profit. Risk can be manage with strategies, knowledge and analysis. In trading there is a possibility of you losing your profit and you may be left with your capital. But in gambling you have to bet with your own money by putting it at risk. And if you fail, you will lose your money, and possibly be left with nothing, including your capital.
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Mostly like gambling and waiting for a big whale to come if not and normal a coin takes a long time to rise unless the owner maintains the price movement of his own coin well.
I think the percentage of losing trading is more dominant than winning, especially when uncontrolled emotions come and are hypnotized into buying coins in the first that may have made some profit and we try our luck a second or third time.
I do agree - memes are just flashy, sometimes too flashy to see how many suffer and lose from them that gain something in return.
But it's our nature - see a big PNL, a green one, and wanting the same, not the big red PNL that usually occurs..
- On my part, I also believe that the majority of traders also experience losses, especially in the world of Bitcoin or crypto because it is volatile in which the risk is higher compared to stocks, and forex.
But even so, if you are a little careful and have mastered the market movements in the crypto industry, we can still get a big profit in the end, especially if you are a long-term holder.
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Both trading and gambling have experienced losses, which is why many people consider gambling and trading to be the same thing. However, from my experience, if you lose in gambling, it is not possible to recover that loss, but if you lose in trading, there is a possibility of recovering that loss.
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Mostly like gambling and waiting for a big whale to come if not and normal a coin takes a long time to rise unless the owner maintains the price movement of his own coin well.
I think the percentage of losing trading is more dominant than winning, especially when uncontrolled emotions come and are hypnotized into buying coins in the first that may have made some profit and we try our luck a second or third time.
I do agree - memes are just flashy, sometimes too flashy to see how many suffer and lose from them that gain something in return.
But it's our nature - see a big PNL, a green one, and wanting the same, not the big red PNL that usually occurs..
- On my part, I also believe that the majority of traders also experience losses, especially in the world of Bitcoin or crypto because it is volatile in which the risk is higher compared to stocks, and forex.
But even so, if you are a little careful and have mastered the market movements in the crypto industry, we can still get a big profit in the end, especially if you are a long-term holder.
Yeah every trader must have experienced losses due to the volatility of the crypto market, but a trader must be able to get higher profits than losses in order to survive and get results from his trading.
If you do not have knowledge in trading, you should choose long-term hold, because it is safer and more profitable.
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Both trading and gambling have experienced losses, which is why many people consider gambling and trading to be the same thing. However, from my experience, if you lose in gambling, it is not possible to recover that loss, but if you lose in trading, there is a possibility of recovering that loss.
Yes brother, there is a lot of logic in your words. We see that there are gamblers and traders in our area. If you lose thousands of dollars in gambling, you will not be able to withdraw them later because you will face more losses to recover them. And if you lose in trading, there is no problem. If you have trading experience or if you have experience about the market, then you can recover your losses 100%. This is the difference between gambling and trading.
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Both trading and gambling have experienced losses, which is why many people consider gambling and trading to be the same thing. However, from my experience, if you lose in gambling, it is not possible to recover that loss, but if you lose in trading, there is a possibility of recovering that loss.
Although both gambling and trading can end up with losses, it doesn't make them to be the same thing. The chance of losses in gambling is higher than trading, as long as a trader has sufficient knowledge. If a trader has good knowledge, the chance to take profits in trading will be quite high. Sure, in trading, we can recover our losses if we make a better strategy. This will improve the chance to get profits. So, we can recover the losses at the end of the day. But in gambling, it is true that there is no way to recover the losses.
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Yes brother, there is a lot of logic in your words. We see that there are gamblers and traders in our area. If you lose thousands of dollars in gambling, you will not be able to withdraw them later because you will face more losses to recover them. And if you lose in trading, there is no problem. If you have trading experience or if you have experience about the market, then you can recover your losses 100%. This is the difference between gambling and trading.
What logic words? In gambling, it is not surprising if there are many people who lose money thousands of dollars. But in trading, if we want to improve our knowledge, we must can avoid the chance of big losses. Dude, it will be always a problem when you get losses in trading, too. There is no one who wants to get losses. Moreover the traders, they must expect profits as much as possible.
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Yes brother, there is a lot of logic in your words. We see that there are gamblers and traders in our area. If you lose thousands of dollars in gambling, you will not be able to withdraw them later because you will face more losses to recover them. And if you lose in trading, there is no problem. If you have trading experience or if you have experience about the market, then you can recover your losses 100%. This is the difference between gambling and trading.
What logic words? In gambling, it is not surprising if there are many people who lose money thousands of dollars. But in trading, if we want to improve our knowledge, we must can avoid the chance of big losses. Dude, it will be always a problem when you get losses in trading, too. There is no one who wants to get losses. Moreover the traders, they must expect profits as much as possible.
You are right, many people lose their money in gambling because they only rely on luck. While in trading requires knowledge and analytical skills and to develop the right strategy in order to get consistent profits, even though sometimes you experience defeat because nothing is perfect in life.
I also sometimes experience defeat in trading but that defeat is an experience to be more careful.
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Yes brother, there is a lot of logic in your words. We see that there are gamblers and traders in our area. If you lose thousands of dollars in gambling, you will not be able to withdraw them later because you will face more losses to recover them. And if you lose in trading, there is no problem. If you have trading experience or if you have experience about the market, then you can recover your losses 100%. This is the difference between gambling and trading.
What logic words? In gambling, it is not surprising if there are many people who lose money thousands of dollars. But in trading, if we want to improve our knowledge, we must can avoid the chance of big losses. Dude, it will be always a problem when you get losses in trading, too. There is no one who wants to get losses. Moreover the traders, they must expect profits as much as possible.
You are right, many people lose their money in gambling because they only rely on luck. While in trading requires knowledge and analytical skills and to develop the right strategy in order to get consistent profits, even though sometimes you experience defeat because nothing is perfect in life.
I also sometimes experience defeat in trading but that defeat is an experience to be more careful.
- Until now, many people still gamble in casinos, still relying on luck, and the majority of them consider it a job, even though the ultimate outcome is still luck.
And we can't blame them because they may have been inspired by gambling, even though in the eyes of most people it is not right and
this is a false belief among gamblers.
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- Until now, many people still gamble in casinos, still relying on luck, and the majority of them consider it a job, even though the ultimate outcome is still luck.
And we can't blame them because they may have been inspired by gambling, even though in the eyes of most people it is not right and
this is a false belief among gamblers.
It is difficult to stop gambling for those who have a gambling hobby, many of my friends also went bankrupt because of gambling. but they do not give up and continue to do it when they still have money.
whereas if they no longer have money and want to gamble, they can commit crimes.
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It is difficult to stop gambling for those who have a gambling hobby, many of my friends also went bankrupt because of gambling. but they do not give up and continue to do it when they still have money.
If we are talking about gambling, surely it will be difficult to stop it if it already becomes a habit. Moreover, those people who get addiction in gambling, they need a special treatment from the doctors to recover them. It is very different with trading that we may feel bored if we never get profits. ;D
whereas if they no longer have money and want to gamble, they can commit crimes.
Yes, for the addicts, they may do crimes to get money for gambling games.
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People who believe that trading is like gambling is not like that, sooner or later they will lose and they will lose a lot of money, so in view of this it can be foreseen that the money spent in a casino is simply limited and given to luck, the money spent on trading must be clearly well studied its movements, then trading is more about knowledge than luck, in gambling 90% is mere luck, that is why there is no comparison nor should it be seen as if trading were gambling, neither in binary options nor futures that the market is at another time frame.
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People who believe that trading is like gambling is not like that, sooner or later they will lose and they will lose a lot of money, so in view of this it can be foreseen that the money spent in a casino is simply limited and given to luck, the money spent on trading must be clearly well studied its movements, then trading is more about knowledge than luck, in gambling 90% is mere luck, that is why there is no comparison nor should it be seen as if trading were gambling, neither in binary options nor futures that the market is at another time frame.
We can't force our opinions on people who already consider trading the same as gambling, because sometimes it's hard to explain to those who already have their opinions.
I myself have no problem with such things, because once again they have a different point of view from us. Instead of arguing with them, it won't change them usually, so it's better to just let them be as long as they don't bother us.
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We can't force our opinions on people who already consider trading the same as gambling, because sometimes it's hard to explain to those who already have their opinions.
I myself have no problem with such things, because once again they have a different point of view from us. Instead of arguing with them, it won't change them usually, so it's better to just let them be as long as they don't bother us.
Exactly, people will always believes what they want to believe and your opinion about what they strongly belive will not change it otherwise. So, as long as they are making money with their opinions and I'm always making mine, I think everyone should believe what they want to believe, at the end of the day the goal is to make money isn't!
Trading in isn't gambling but if you want to trade, risk is involve unless you want to do leverage trading where you will be doing 50x or 100x for future trading, that's when I can consider your trading to be gambling otherwise gambling isn't and never trading in my opinion.
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So, as long as they are making money with their opinions
This sounds like something other than trading or gambling, lol. Anyway, I get your point, it's just that people generalize terms such as gambling, even say life is gambling, you do the bet to risk and it's always a win or lose, right? And this term becomes so general that they even think trading is just the same when technically it's not. You can fully control your wins and losses in trading, while gambling is don't unless it is sports betting, but most of the games/options in gambling are based on luck, so you can't control the outcome.
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Trading in isn't gambling but if you want to trade, risk is involve unless you want to do leverage trading where you will be doing 50x or 100x for future trading, that's when I can consider your trading to be gambling otherwise gambling isn't and never trading in my opinion.
I think trading is systematic gambling and It is a game of probability which favors traders who have learned trading techniques well. The future outcome of gambling is unknown, just as the future of the crypto market is uncertain. Otherwise there is a risk of losing your money from trading just like losing gambling can damage your money.
If you don't get used to it and do it as a business, then you become a businessman. But if you trade by looking at charts or listening to people, trading randomly without knowing anything then you are definitely a gambler.
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Trading in isn't gambling but if you want to trade, risk is involve unless you want to do leverage trading where you will be doing 50x or 100x for future trading, that's when I can consider your trading to be gambling otherwise gambling isn't and never trading in my opinion.
I think trading is systematic gambling and It is a game of probability which favors traders who have learned trading techniques well. The future outcome of gambling is unknown, just as the future of the crypto market is uncertain. Otherwise there is a risk of losing your money from trading just like losing gambling can damage your money.
If you don't get used to it and do it as a business, then you become a businessman. But if you trade by looking at charts or listening to people, trading randomly without knowing anything then you are definitely a gambler.
I think trading is not like gambling if we have the knowledge and skills to make analysis and develop strategies. Although the crypto market is difficult to predict, crypto has proven to survive until today, of course what I am discussing is the top coins.
The top 10 coins are still surviving, and I think the future is clear.
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We can't force our opinions on people who already consider trading the same as gambling, because sometimes it's hard to explain to those who already have their opinions.
I myself have no problem with such things, because once again they have a different point of view from us. Instead of arguing with them, it won't change them usually, so it's better to just let them be as long as they don't bother us.
Exactly, people will always believes what they want to believe and your opinion about what they strongly belive will not change it otherwise. So, as long as they are making money with their opinions and I'm always making mine, I think everyone should believe what they want to believe, at the end of the day the goal is to make money isn't!
Trading in isn't gambling but if you want to trade, risk is involve unless you want to do leverage trading where you will be doing 50x or 100x for future trading, that's when I can consider your trading to be gambling otherwise gambling isn't and never trading in my opinion.
Well in other words we have to look at our capabilities with the capital we bring of course. If we only look at the profit, of course we will always set the highest leverage and I also agree that it can be the same as gambling if we do it without a basis.
This has actually been discussed a lot and there are always different views from each person.
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We can't force our opinions on people who already consider trading the same as gambling, because sometimes it's hard to explain to those who already have their opinions.
I myself have no problem with such things, because once again they have a different point of view from us. Instead of arguing with them, it won't change them usually, so it's better to just let them be as long as they don't bother us.
Exactly, people will always believes what they want to believe and your opinion about what they strongly belive will not change it otherwise. So, as long as they are making money with their opinions and I'm always making mine, I think everyone should believe what they want to believe, at the end of the day the goal is to make money isn't!
Trading in isn't gambling but if you want to trade, risk is involve unless you want to do leverage trading where you will be doing 50x or 100x for future trading, that's when I can consider your trading to be gambling otherwise gambling isn't and never trading in my opinion.
Well in other words we have to look at our capabilities with the capital we bring of course. If we only look at the profit, of course we will always set the highest leverage and I also agree that it can be the same as gambling if we do it without a basis.
This has actually been discussed a lot and there are always different views from each person.
We really have to see the capital capabilities that we have in investing.
don't force yourself if we have a small capital, we can trade to add to our crypto asset collection.
so for those who start investing in crypto with a small capital, be patient. With the profits we get, we can add to our crypto assets.
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We can't force our opinions on people who already consider trading the same as gambling, because sometimes it's hard to explain to those who already have their opinions.
I myself have no problem with such things, because once again they have a different point of view from us. Instead of arguing with them, it won't change them usually, so it's better to just let them be as long as they don't bother us.
Exactly, people will always believes what they want to believe and your opinion about what they strongly belive will not change it otherwise. So, as long as they are making money with their opinions and I'm always making mine, I think everyone should believe what they want to believe, at the end of the day the goal is to make money isn't!
Trading in isn't gambling but if you want to trade, risk is involve unless you want to do leverage trading where you will be doing 50x or 100x for future trading, that's when I can consider your trading to be gambling otherwise gambling isn't and never trading in my opinion.
Well in other words we have to look at our capabilities with the capital we bring of course. If we only look at the profit, of course we will always set the highest leverage and I also agree that it can be the same as gambling if we do it without a basis.
This has actually been discussed a lot and there are always different views from each person.
We really have to see the capital capabilities that we have in investing.
don't force yourself if we have a small capital, we can trade to add to our crypto asset collection.
so for those who start investing in crypto with a small capital, be patient. With the profits we get, we can add to our crypto assets.
Yes, profit is profit. We do not need to compare how much others earn. What matters is that your strategy actually works. Even if we just have just a little bit of capital, it will grow over time as we gain an advantage. We recognize that having a large capital is beneficial, but it is pointless if you do not have a profitable plan; there is no difference between those who have small capital but lose money.
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Yes, profit is profit. We do not need to compare how much others earn. What matters is that your strategy actually works. Even if we just have just a little bit of capital, it will grow over time as we gain an advantage. We recognize that having a large capital is beneficial, but it is pointless if you do not have a profitable plan; there is no difference between those who have small capital but lose money.
You're right. It just wastes time to compare the profits with other people. We must focus on our own target for profits. If it reaches our target, I think it is enough. Even if we only has a smaller capital, sure it will raise if we can get profits. We can invest with bigger capital in the next cycle. So, we don't need to feel bad with our capital. The people who invest in bigger capital, they also have the risk to lose with bigger amount of money.
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Yes, profit is profit. We do not need to compare how much others earn. What matters is that your strategy actually works. Even if we just have just a little bit of capital, it will grow over time as we gain an advantage. We recognize that having a large capital is beneficial, but it is pointless if you do not have a profitable plan; there is no difference between those who have small capital but lose money.
You're right. It just wastes time to compare the profits with other people. We must focus on our own target for profits. If it reaches our target, I think it is enough. Even if we only has a smaller capital, sure it will raise if we can get profits. We can invest with bigger capital in the next cycle. So, we don't need to feel bad with our capital. The people who invest in bigger capital, they also have the risk to lose with bigger amount of money.
All matters about sustainability because if you are really just that dealing up with trading then its a skill that you cant really be able to copy from others perfectly. There are several factors on which it would really be affecting out your trades on which it will be that much more best if you are setting your own goals and your own self learning phase. This isnt a skill that you can be able to obtain easily but once you do able to grasps out such skills then you will definitely be having that kind of edge in comparing into those people who are really just that starting up. Dealing up with this volatile space will really be never be that easy but on the moment or time that you will be having this kind of setting out targets whenever you do have those gains then it is the outmost preferable thing that needs up to consider.
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We can't force our opinions on people who already consider trading the same as gambling, because sometimes it's hard to explain to those who already have their opinions.
I myself have no problem with such things, because once again they have a different point of view from us. Instead of arguing with them, it won't change them usually, so it's better to just let them be as long as they don't bother us.
Exactly, people will always believes what they want to believe and your opinion about what they strongly belive will not change it otherwise. So, as long as they are making money with their opinions and I'm always making mine, I think everyone should believe what they want to believe, at the end of the day the goal is to make money isn't!
Trading in isn't gambling but if you want to trade, risk is involve unless you want to do leverage trading where you will be doing 50x or 100x for future trading, that's when I can consider your trading to be gambling otherwise gambling isn't and never trading in my opinion.
Well in other words we have to look at our capabilities with the capital we bring of course. If we only look at the profit, of course we will always set the highest leverage and I also agree that it can be the same as gambling if we do it without a basis.
This has actually been discussed a lot and there are always different views from each person.
I think that just entering into trading does not make it trading, it is basically called gambling. Because if we invest in the currency we will trade without knowing well about the currency, it is natural that we will lose. In my opinion, crypto currency trading is not that easy, just enter and invest whenever you want. For this, we need to know a lot of things, it is necessary to have an idea about the market.
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Yes, profit is profit. We do not need to compare how much others earn. What matters is that your strategy actually works. Even if we just have just a little bit of capital, it will grow over time as we gain an advantage. We recognize that having a large capital is beneficial, but it is pointless if you do not have a profitable plan; there is no difference between those who have small capital but lose money.
You're right. It just wastes time to compare the profits with other people. We must focus on our own target for profits. If it reaches our target, I think it is enough. Even if we only has a smaller capital, sure it will raise if we can get profits. We can invest with bigger capital in the next cycle. So, we don't need to feel bad with our capital. The people who invest in bigger capital, they also have the risk to lose with bigger amount of money.
That's also where we can see if you really have confidence in your strategy that can grow your capital in the long run. If we compare our capital with others, that's where we can see that you have a problem with your trades. It just shows that you are not really ready for trading and still need knowledge about it. However, not everything can be learned right away, the rest comes from experience itself.
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I think trading is not like gambling if we have the knowledge and skills to make analysis and develop strategies. Although the crypto market is difficult to predict, crypto has proven to survive until today, of course what I am discussing is the top coins.
The top 10 coins are still surviving, and I think the future is clear.
True, we can make analysis in trading if we have good knowledge and experience. But in gambling, this can't be helpful because most gambling games rely on the luck. Top coins are the best choices in crypto trading or investment. This can increase the chance to get profits. Meanwhile in gambling, there is no something like this. Every gambling game is almost the same, they mostly are based on the luck factor only.
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I think that just entering into trading does not make it trading, it is basically called gambling. Because if we invest in the currency we will trade without knowing well about the currency, it is natural that we will lose. In my opinion, crypto currency trading is not that easy, just enter and invest whenever you want. For this, we need to know a lot of things, it is necessary to have an idea about the market.
For me the biggest difference is that the market will always be based on technical foundations to reach a result, but not in the game. In the game you can operate, do anything and you can win even knowing that you have no strategies. Strategies also play a role in the game, but for me trading is not like the game. In trading there will always be foundations, there will be knowledge of why something happened, it is always like that.
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I think that just entering into trading does not make it trading, it is basically called gambling. Because if we invest in the currency we will trade without knowing well about the currency, it is natural that we will lose. In my opinion, crypto currency trading is not that easy, just enter and invest whenever you want. For this, we need to know a lot of things, it is necessary to have an idea about the market.
For me the biggest difference is that the market will always be based on technical foundations to reach a result, but not in the game. In the game you can operate, do anything and you can win even knowing that you have no strategies. Strategies also play a role in the game, but for me trading is not like the game. In trading there will always be foundations, there will be knowledge of why something happened, it is always like that.
For those who are gamblers, trading is not really for them. Trading is not something that anyone can enter and trade. In fact, almost everyone can profit or lose by gambling. Because gambling is completely dependent on luck, and when we do trading, we analyze the currency we are going to trade well and then we invest there, even then we cannot be 100% sure that we will get profit here. So there is a lot of difference between gambling and trading.
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I think that just entering into trading does not make it trading, it is basically called gambling. Because if we invest in the currency we will trade without knowing well about the currency, it is natural that we will lose. In my opinion, crypto currency trading is not that easy, just enter and invest whenever you want. For this, we need to know a lot of things, it is necessary to have an idea about the market.
For me the biggest difference is that the market will always be based on technical foundations to reach a result, but not in the game. In the game you can operate, do anything and you can win even knowing that you have no strategies. Strategies also play a role in the game, but for me trading is not like the game. In trading there will always be foundations, there will be knowledge of why something happened, it is always like that.
For those who are gamblers, trading is not really for them. Trading is not something that anyone can enter and trade. In fact, almost everyone can profit or lose by gambling. Because gambling is completely dependent on luck, and when we do trading, we analyze the currency we are going to trade well and then we invest there, even then we cannot be 100% sure that we will get profit here. So there is a lot of difference between gambling and trading.
There is a vast difference between gambling and trading. Even an ignorant person can bet his money on gambling if he wants, but to trade, he needs to know about various info and analysis. If you blindly buy and sell a coin by putting money only in trading, then it is not possible to accept it as trading. You need sufficient knowledge to trade. Although gaining knowledge does not guarantee profit from trading, trading can definitely give returns for those who can do good analysis. But gambling is a completely different matter, where he may gain or lose a certain amount.
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For those who are gamblers, trading is not really for them. Trading is not something that anyone can enter and trade. In fact, almost everyone can profit or lose by gambling. Because gambling is completely dependent on luck, and when we do trading, we analyze the currency we are going to trade well and then we invest there, even then we cannot be 100% sure that we will get profit here. So there is a lot of difference between gambling and trading.
Those gamblers can learn trading, there is no problem that the gamblers join trading. However, they mustn't do it with the same way in gambling. They must know that trading has a different approach, it requires sufficient knowledge. I guess there are many gamblers who do trading as well. So, trading is actually for everyone who wants to learn it. Even a gambler, it is okay to try trading as long as he/she doesn't apply the same approach as in gambling. :)
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There is a vast difference between gambling and trading. Even an ignorant person can bet his money on gambling if he wants, but to trade, he needs to know about various info and analysis. If you blindly buy and sell a coin by putting money only in trading, then it is not possible to accept it as trading. You need sufficient knowledge to trade. Although gaining knowledge does not guarantee profit from trading, trading can definitely give returns for those who can do good analysis. But gambling is a completely different matter, where he may gain or lose a certain amount.
yeah, that's right. And actually the difference is very clear. Gambling which relies more on luck than real analysis is clearly different from trading which requires real analysis both from a technical, fundamental and sentimental perspective. Usually a trader fails to make a profit because he is hampered by one of the analyzes he makes. Or because he left the plan made with thorough analysis due to not being able to control his emotions. While in gambling they lose and win only based on luck.
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There is a vast difference between gambling and trading. Even an ignorant person can bet his money on gambling if he wants, but to trade, he needs to know about various info and analysis. If you blindly buy and sell a coin by putting money only in trading, then it is not possible to accept it as trading. You need sufficient knowledge to trade. Although gaining knowledge does not guarantee profit from trading, trading can definitely give returns for those who can do good analysis. But gambling is a completely different matter, where he may gain or lose a certain amount.
yeah, that's right. And actually the difference is very clear. Gambling which relies more on luck than real analysis is clearly different from trading which requires real analysis both from a technical, fundamental and sentimental perspective. Usually a trader fails to make a profit because he is hampered by one of the analyzes he makes. Or because he left the plan made with thorough analysis due to not being able to control his emotions. While in gambling they lose and win only based on luck.
Yes you can tell about this difference between gambling and trading. But something about trading is that if you trade futures it will treat you like gambling. High leverage always behaves like gambling. You can never make a 100% guaranteed prediction no matter how expert you are. So if you take trade entry with high leverage there will be high possibility of liquidation. So in some cases trading can be completely compared to gambling. But in some cases where these two differ is spot trading but here also you cannot invest the entire fund in just 1 coin.
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For those who are gamblers, trading is not really for them. Trading is not something that anyone can enter and trade. In fact, almost everyone can profit or lose by gambling. Because gambling is completely dependent on luck, and when we do trading, we analyze the currency we are going to trade well and then we invest there, even then we cannot be 100% sure that we will get profit here. So there is a lot of difference between gambling and trading.
Those gamblers can learn trading, there is no problem that the gamblers join trading. However, they mustn't do it with the same way in gambling. They must know that trading has a different approach, it requires sufficient knowledge. I guess there are many gamblers who do trading as well. So, trading is actually for everyone who wants to learn it. Even a gambler, it is okay to try trading as long as he/she doesn't apply the same approach as in gambling. :)
- You're right mate, the only problem that other gamblers who enter the trading category have is that they think that trading is no different from gambling because the risk they take in gambling is the same as trading.
This is where they make a mistake and it seems that they don't really understand the differences between the two, and that's what they don't want to know,
so that's why they have that mindset about it.
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Yes you can tell about this difference between gambling and trading. But something about trading is that if you trade futures it will treat you like gambling. High leverage always behaves like gambling. You can never make a 100% guaranteed prediction no matter how expert you are. So if you take trade entry with high leverage there will be high possibility of liquidation. So in some cases trading can be completely compared to gambling. But in some cases where these two differ is spot trading but here also you cannot invest the entire fund in just 1 coin.
Sure, future trading is a bit similar with gambling because there is a lack factor there. And the risk is as high as in gambling, too. When we fail in our prediction, we may lose all our money immediately. That's why I don't like future trading, I only use spot trading. In Spot trading, we can be a bit safe and there is no way to lose all money directly. Yes, we can trade few coins in spot trading but we don't trade too many coins because it only makes the difficulty.
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Yes you can tell about this difference between gambling and trading. But something about trading is that if you trade futures it will treat you like gambling. High leverage always behaves like gambling. You can never make a 100% guaranteed prediction no matter how expert you are. So if you take trade entry with high leverage there will be high possibility of liquidation. So in some cases trading can be completely compared to gambling. But in some cases where these two differ is spot trading but here also you cannot invest the entire fund in just 1 coin.
Sure, future trading is a bit similar with gambling because there is a lack factor there. And the risk is as high as in gambling, too. When we fail in our prediction, we may lose all our money immediately. That's why I don't like future trading, I only use spot trading. In Spot trading, we can be a bit safe and there is no way to lose all money directly. Yes, we can trade few coins in spot trading but we don't trade too many coins because it only makes the difficulty.
Futures trading is very attractive because here you can take a very large amount of money by multiplying that money several times. After taking an entry here today, if it moves towards your entry, you can double or more your original money in just a few minutes or hours. People jump into futures trading because of such greed. However, even if own funds are small, trades are taken for very large amounts due to which the own funds are liquidated very quickly. There is a risk of complete gambling here. And futures trade behaves in a way that is completely comparable to gambling. But those involved in futures trading do not want to treat it as gambling.
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So there is a lot of difference between gambling and trading.
Yes, the difference is abysmal, in fact I am a player too, and I am a trader, although lately I have not done much trading but I do like to do both activities because obviously things here are different, I have friends who when they get into trading and they see futures, they see it as a game, they think that a move they can make will make them win and without any foundation and without any type of analysis, they only do it because they believe that that is what will happen, so trading can never be seen as a game, under any circumstances.
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So there is a lot of difference between gambling and trading.
Yes, the difference is abysmal, in fact I am a player too, and I am a trader, although lately I have not done much trading but I do like to do both activities because obviously things here are different, I have friends who when they get into trading and they see futures, they see it as a game, they think that a move they can make will make them win and without any foundation and without any type of analysis, they only do it because they believe that that is what will happen, so trading can never be seen as a game, under any circumstances.
trading is not a game because in trading it takes knowledge and experience. we must be able to make analysis and develop strategies and also predict market movements in order to gain profit. If trading without the right knowledge, it is just gambling that will bring losses.
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trading is not a game because in trading it takes knowledge and experience. we must be able to make analysis and develop strategies and also predict market movements in order to gain profit. If trading without the right knowledge, it is just gambling that will bring losses.
It might interest to tell you that gambling also requires knowledge and experience to win them. You can't wake up and say you are gambling and you are going to make money and there are many believe by some gamblers that they can gamble for fun bit I'm not sure if there actual real traders that trade for fun, the purpose is money.
There are variety of gambling that you can't make any win unless you have master your strategy juts like the way you do in trading but I still believes that trading is trading and gambling is gambling but you can gamble while doing some sort of trading but you can't gamble and think you are trading.
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So there is a lot of difference between gambling and trading.
Yes, the difference is abysmal, in fact I am a player too, and I am a trader, although lately I have not done much trading but I do like to do both activities because obviously things here are different, I have friends who when they get into trading and they see futures, they see it as a game, they think that a move they can make will make them win and without any foundation and without any type of analysis, they only do it because they believe that that is what will happen, so trading can never be seen as a game, under any circumstances.
trading is not a game because in trading it takes knowledge and experience. we must be able to make analysis and develop strategies and also predict market movements in order to gain profit. If trading without the right knowledge, it is just gambling that will bring losses.
Trading is indeed not a game on which this isnt something that you can be able to deal up without having any analysis and without having any considerations on which you would really be needing up to consider and we do know that trading isnt just that for fun and entertainment on which like with gambling. Using up your own common sense would really be able to tell you on whats their main differences. Trading could become a gambling at the time that you wont really be applying any analysis into it on which its really that best that you do really know at least on what you should gonna do. Its always that been recommended that you do really need up to make the right dealing into such certain thing. If you are playing gambling then you should be taking the gambler way but if you are dealing up with trading then you would be needing up to be that becoming a trader way.
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trading is not a game because in trading it takes knowledge and experience. we must be able to make analysis and develop strategies and also predict market movements in order to gain profit. If trading without the right knowledge, it is just gambling that will bring losses.
You are absolutely right, but most people who are entering the world of trading do not see it that way, but quite the opposite, after they take the blows from the system is when they begin to educate themselves on how to operate, I think that most people experience that, trading can have many stages, even the most knowledgeable person if they make a serious mistake some may become disappointed and do nothing more, so you should not give up, you have to learn and mature all the knowledge you acquire.
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trading is not a game because in trading it takes knowledge and experience. we must be able to make analysis and develop strategies and also predict market movements in order to gain profit. If trading without the right knowledge, it is just gambling that will bring losses.
You are absolutely right, but most people who are entering the world of trading do not see it that way, but quite the opposite, after they take the blows from the system is when they begin to educate themselves on how to operate, I think that most people experience that, trading can have many stages, even the most knowledgeable person if they make a serious mistake some may become disappointed and do nothing more, so you should not give up, you have to learn and mature all the knowledge you acquire.
When you are still a noob, then you would definitely be trying out to make yourself that be impulsive into the actions that you are really that trying out to deal on with. We do know that on the time that you will really be able to gain up experience then you will be definitely be having that confidence in regarding into the actions and thats something an inevitable thing for you. We do know that on the moment that we are already having that knowledge then we do become that confident and this is something that you would really be needing up to consider. So therefore, it will be the things on what most people be encountering on which they will really be that firstly be that impulsive then we do become able to adjust.
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You are absolutely right, but most people who are entering the world of trading do not see it that way, but quite the opposite, after they take the blows from the system is when they begin to educate themselves on how to operate, I think that most people experience that, trading can have many stages, even the most knowledgeable person if they make a serious mistake some may become disappointed and do nothing more, so you should not give up, you have to learn and mature all the knowledge you acquire.
I was looking at a tweet share about one guy that was showing his trading ways and he was doing futures, he did it and made good amount of money and that was a result of the bullrun but it end everything after the coin pump because it's easy and you can get luck to get them but to manage and keep your money as a trader, you need to have the knowledge enough to manage the money.
Gambling is gambling and trading will always be what it's, you need technical and fundamental analysis to make money from trading, I don't think there is anything like gambling tutorials or a skill to make the money you want from gambling.
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When you are still a noob, then you would definitely be trying out to make yourself that be impulsive into the actions that you are really that trying out to deal on with. We do know that on the time that you will really be able to gain up experience then you will be definitely be having that confidence in regarding into the actions and thats something an inevitable thing for you. We do know that on the moment that we are already having that knowledge then we do become that confident and this is something that you would really be needing up to consider. So therefore, it will be the things on what most people be encountering on which they will really be that firstly be that impulsive then we do become able to adjust.
for a newbie in trading should seek knowledge, because as you said with knowledge and experience they can be more confident.
The actions taken will be more appropriate because they are based on analysis.
Trading takes time to become an expert.
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for a newbie in trading should seek knowledge, because as you said with knowledge and experience they can be more confident.
The actions taken will be more appropriate because they are based on analysis.
Trading takes time to become an expert.
Yuppp, without knowledge, it's the same as gambling, because you just enter data and set targets. and it's very high risk, especially since it's trading, what if you lose? Usually you can only blame crypto, even though you yourself are the one who really has no preparation for trading, only FOMO capital and following trends or other people's success. While the process to be successful in trading is really complex, there is a process, and this affects the results of the efforts made in trading.
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trading is not a game because in trading it takes knowledge and experience. we must be able to make analysis and develop strategies and also predict market movements in order to gain profit. If trading without the right knowledge, it is just gambling that will bring losses.
You are absolutely right, but most people who are entering the world of trading do not see it that way, but quite the opposite, after they take the blows from the system is when they begin to educate themselves on how to operate, I think that most people experience that, trading can have many stages, even the most knowledgeable person if they make a serious mistake some may become disappointed and do nothing more, so you should not give up, you have to learn and mature all the knowledge you acquire.
Trading is a skill which is acquired gradually with all seriousness and commitment. As time passes on, you will improve in it through practice and become a professional in it. However, it's not everyone that will finally succeed to be a professional traders, because it is emotional. If you cannot control your emotions and avoid greed, you might end up being a gambler instead of a trader.
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Trading is a skill which is acquired gradually with all seriousness and commitment. As time passes on, you will improve in it through practice and become a professional in it. However, it's not everyone that will finally succeed to be a professional traders, because it is emotional. If you cannot control your emotions and avoid greed, you might end up being a gambler instead of a trader.
Agreed, trading is a skill that is acquired gradually by always practicing and seeking experience. Although we are not necessarily professional traders, but with the experience we have, if we can get more profit than loss, that is a good thing.
because becoming a professional trader is not easy. We must have good skills.
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Trading is a skill which is acquired gradually with all seriousness and commitment. As time passes on, you will improve in it through practice and become a professional in it. However, it's not everyone that will finally succeed to be a professional traders, because it is emotional. If you cannot control your emotions and avoid greed, you might end up being a gambler instead of a trader.
That's right, in fact experience helps a lot, the player will have previously experienced multiple things from which he will have learned a lot, he will even have learned new tricks to make his game more profitable, however for me everything focuses on money, on the way risk is taken and how many ways can be generated to avoid certain losses that leave the trader almost without money, that's why for me trading is considered a professional career where you learn something new every day.
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Agreed, trading is a skill that is acquired gradually by always practicing and seeking experience. Although we are not necessarily professional traders, but with the experience we have, if we can get more profit than loss, that is a good thing.
because becoming a professional trader is not easy. We must have good skills.
Skills are important, but not as important as a clear strategy and effective capital management. Traders often have wrong predictions that account for 70% and only 30% are correct, but they still make profits thanks to good capital management to limit losses and maximize profits.
Newbies often can't have those skills, they just want to find a holy trading method that brings them profits. They don't want to practice and use capital as if they were entering a casino.
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Skills are important, but not as important as a clear strategy and effective capital management. Traders often have wrong predictions that account for 70% and only 30% are correct, but they still make profits thanks to good capital management to limit losses and maximize profits.
Newbies often can't have those skills, they just want to find a holy trading method that brings them profits. They don't want to practice and use capital as if they were entering a casino.
capital management is something important, because in trading we must be able to manage it. but for newbies they do not learn this, because they only want how to get rich quickly? whereas in learning trading requires experience and it takes a long time to become a professional.
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Skills are important, but not as important as a clear strategy and effective capital management. Traders often have wrong predictions that account for 70% and only 30% are correct, but they still make profits thanks to good capital management to limit losses and maximize profits.
Newbies often can't have those skills, they just want to find a holy trading method that brings them profits. They don't want to practice and use capital as if they were entering a casino.
capital management is something important, because in trading we must be able to manage it. but for newbies they do not learn this, because they only want how to get rich quickly? whereas in learning trading requires experience and it takes a long time to become a professional.
Many newbies don’t know how to manage their capital cause many don’t have mentor or teachers to put them through. Many just thinks trading is about placing a buy and sell order which isn’t like that. Having better understanding of the market and learning about the market will give you more confidence and more probability of success in trading. Knowledge is the best tool for trading not only trading but most aspect of life. Risk management and capital management is a perfect key to stay in the game cause it keep you motivated when you see your capital not swept. And it gives you the consistency mood to trade each time and believe in your strategy.
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When you are still a noob, then you would definitely be trying out to make yourself that be impulsive into the actions that you are really that trying out to deal on with. We do know that on the time that you will really be able to gain up experience then you will be definitely be having that confidence in regarding into the actions and thats something an inevitable thing for you. We do know that on the moment that we are already having that knowledge then we do become that confident and this is something that you would really be needing up to consider. So therefore, it will be the things on what most people be encountering on which they will really be that firstly be that impulsive then we do become able to adjust.
for a newbie in trading should seek knowledge, because as you said with knowledge and experience they can be more confident.
The actions taken will be more appropriate because they are based on analysis.
Trading takes time to become an expert.
What makes them wrong is that they've been that too positive that they can be able to learn it on a short period of time and on the moment that they've been able to experience the reality then there are ones who do able to learn up the lesson and adjust accordingly but there are those people who do become that pushing up themselves on trying out to do and this is where it will be that resulting that rushed up decisions and wont be able to do the right things on which their trading becomes gambling at the time that they cant be able to apply sufficient analysis.
Trading is indeed not the same as gambling but this is only on the time or moment that you do have that kind of application of analysis and proper approach into it.
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Agreed, trading is a skill that is acquired gradually by always practicing and seeking experience. Although we are not necessarily professional traders, but with the experience we have, if we can get more profit than loss, that is a good thing.
because becoming a professional trader is not easy. We must have good skills.
Skills is obtained from knowledge and experience. So, basically, the main matter is about knowledge. We can get experience when we already practice it many times, right? Sure, to trade properly, it is not a must to be a professional trader. As long as we know the basic thing and we keep learning, we can trade in a proper way. To be professional trader, it requires a lot of experience. We can't be a professional trade just in few months. But I think everyone can be a professional trader, the skills can be improved if we have traded many times.
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Skills are important, but not as important as a clear strategy and effective capital management. Traders often have wrong predictions that account for 70% and only 30% are correct, but they still make profits thanks to good capital management to limit losses and maximize profits.
Newbies often can't have those skills, they just want to find a holy trading method that brings them profits. They don't want to practice and use capital as if they were entering a casino.
capital management is something important, because in trading we must be able to manage it. but for newbies they do not learn this, because they only want how to get rich quickly? whereas in learning trading requires experience and it takes a long time to become a professional.
Yes, many people start financial asset trading with the view to gain more profits within short period of time without knowing that there are certain factors that have to be put into consideration so as to get the expected profit. Something as simple as allocating capital needs not to be overlooked because failure to do so means running certain decisions without calculation, which is more dangerous. The longer a person is in this world the use of experience can be made as a yardstick in making better decisions. There is no Process that I can avoid, and every step that takes will definitely have lessons that might help me in order to face other conditions that occur.
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Skills is obtained from knowledge and experience. So, basically, the main matter is about knowledge. We can get experience when we already practice it many times, right? Sure, to trade properly, it is not a must to be a professional trader. As long as we know the basic thing and we keep learning, we can trade in a proper way. To be professional trader, it requires a lot of experience. We can't be a professional trade just in few months. But I think everyone can be a professional trader, the skills can be improved if we have traded many times.
With said knowledge, it also becomes easier to understand the risks and to at least try to calculate them. When to enter, when to skip an opportunity, or where to end it all altogether. I agree with you.
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Agreed, trading is a skill that is acquired gradually by always practicing and seeking experience. Although we are not necessarily professional traders, but with the experience we have, if we can get more profit than loss, that is a good thing.
because becoming a professional trader is not easy. We must have good skills.
Skills is obtained from knowledge and experience. So, basically, the main matter is about knowledge. We can get experience when we already practice it many times, right? Sure, to trade properly, it is not a must to be a professional trader. As long as we know the basic thing and we keep learning, we can trade in a proper way. To be professional trader, it requires a lot of experience. We can't be a professional trade just in few months. But I think everyone can be a professional trader, the skills can be improved if we have traded many times.
The process is real and it will happen in trading, starting from what we know, getting to know trading and learning it and so on, it takes time which is called a process.
In the process, we definitely need knowledge so that we can hone our skills so that we can learn from experience if we have gone directly into the market. A process like this must be enjoyed, because if not, we will quickly get bored and eventually give up.
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When you are still a noob, then you would definitely be trying out to make yourself that be impulsive into the actions that you are really that trying out to deal on with. We do know that on the time that you will really be able to gain up experience then you will be definitely be having that confidence in regarding into the actions and thats something an inevitable thing for you. We do know that on the moment that we are already having that knowledge then we do become that confident and this is something that you would really be needing up to consider. So therefore, it will be the things on what most people be encountering on which they will really be that firstly be that impulsive then we do become able to adjust.
for a newbie in trading should seek knowledge, because as you said with knowledge and experience they can be more confident.
The actions taken will be more appropriate because they are based on analysis.
Trading takes time to become an expert.
- You are right, experience and knowledge are needed in trading. Also, you don't need to be an expert just to make a profit. Though, if you are really dedicated to being a trader, you will eventually become an expert in the future and others will be able to tell if you are an expert by what you say about trading.
That's why trading is very far from gambling, because you can really consider these trading skills as your own business. While in gambling, it's not like that because it's true that the income you get from gambling casinos is just luck.
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The process is real and it will happen in trading, starting from what we know, getting to know trading and learning it and so on, it takes time which is called a process.
In the process, we definitely need knowledge so that we can hone our skills so that we can learn from experience if we have gone directly into the market. A process like this must be enjoyed, because if not, we will quickly get bored and eventually give up.
Yes, it is a process that must be carried out well. Because it is through this process that our experience is honed and our mentality is well formed. And as a trader, mentality is one of the most important things so that we can stick to the analysis and planning that we make after making the analysis. And so that we don't always get carried away by FOMO and the like. And usually professional traders are those who have successfully gone through this process patiently and used it as a lesson for themselves in subsequent trading activities. And those who give up halfway will ultimately never become a professional trader.
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The process is real and it will happen in trading, starting from what we know, getting to know trading and learning it and so on, it takes time which is called a process.
In the process, we definitely need knowledge so that we can hone our skills so that we can learn from experience if we have gone directly into the market. A process like this must be enjoyed, because if not, we will quickly get bored and eventually give up.
Yes, it is a process that must be carried out well. Because it is through this process that our experience is honed and our mentality is well formed. And as a trader, mentality is one of the most important things so that we can stick to the analysis and planning that we make after making the analysis. And so that we don't always get carried away by FOMO and the like. And usually professional traders are those who have successfully gone through this process patiently and used it as a lesson for themselves in subsequent trading activities. And those who give up halfway will ultimately never become a professional trader.
Mental, you are right about this and I agree. People fail because their mentality is not good so they lead to failure. Even in life, mentality is something important.
For example, poor people have a rich mentality, so they keep trying until they achieve something they want, even if they never achieve it they will keep trying forever. Well, it's different with people who have a poor mentality, they won't want to try at all. Don't we now see people who are physically healthy who should be working but instead they choose to beggars?
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Life is absolutely crazy sometimes, having a mindset over something will really get you closer to that goal, it either takes time but surely you will get to what you are chasing and will surely achieve it. The more your mind get addicted to it, it will surely become through your way of life like magnet all it takes it just patience and consistency so never stop pushing through what your mind or heart desires, keep pushing through your dreams and surely you will get to the point of your dreams.
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The process is real and it will happen in trading, starting from what we know, getting to know trading and learning it and so on, it takes time which is called a process.
In the process, we definitely need knowledge so that we can hone our skills so that we can learn from experience if we have gone directly into the market. A process like this must be enjoyed, because if not, we will quickly get bored and eventually give up.
Yes, it is a process that must be carried out well. Because it is through this process that our experience is honed and our mentality is well formed. And as a trader, mentality is one of the most important things so that we can stick to the analysis and planning that we make after making the analysis. And so that we don't always get carried away by FOMO and the like. And usually professional traders are those who have successfully gone through this process patiently and used it as a lesson for themselves in subsequent trading activities. And those who give up halfway will ultimately never become a professional trader.
Mental, you are right about this and I agree. People fail because their mentality is not good so they lead to failure. Even in life, mentality is something important.
For example, poor people have a rich mentality, so they keep trying until they achieve something they want, even if they never achieve it they will keep trying forever. Well, it's different with people who have a poor mentality, they won't want to try at all. Don't we now see people who are physically healthy who should be working but instead they choose to beggars?
mentality is very important, I agree with what you said if we have a good mentality then we can be more successful.
because a bad mentality will make us pessimistic, with a rich mentality we must be optimistic with the efforts and investments we make.
We can still try to achieve success so stay away from the beggar mentality
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Mental, you are right about this and I agree. People fail because their mentality is not good so they lead to failure. Even in life, mentality is something important.
For example, poor people have a rich mentality, so they keep trying until they achieve something they want, even if they never achieve it they will keep trying forever. Well, it's different with people who have a poor mentality, they won't want to try at all. Don't we now see people who are physically healthy who should be working but instead they choose to beggars?
mentality is very important, I agree with what you said if we have a good mentality then we can be more successful.
because a bad mentality will make us pessimistic, with a rich mentality we must be optimistic with the efforts and investments we make.
We can still try to achieve success so stay away from the beggar mentality
It should be like that, we must be able to restrain ourselves from having a bad mentality which is the main problem in life in this era. We see many people who are actually very capable, but they are constrained by their mentality.
This is influenced by many factors, it can be from the environment, family and so on. We must be able to identify something that makes us have a bad mentality and we can immediately stay away from it.
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Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
- This is true, it's up to the trader to decide how to recognize trading as the same as gambling. The majority also knows that at some point, gambling is really the same as trading. And I'm one of those who believe that it's true.
If we have the right mentality or use it, we will definitely get good earnings in the end, so if we can't do it, we're just like others who see trading as the same as gambling.
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It should be like that, we must be able to restrain ourselves from having a bad mentality which is the main problem in life in this era. We see many people who are actually very capable, but they are constrained by their mentality.
This is influenced by many factors, it can be from the environment, family and so on. We must be able to identify something that makes us have a bad mentality and we can immediately stay away from it.
As I said before in our life we must have a good and healthy mentality. because a bad mentality makes us pessimistic about being successful.
and I agree with you family, friends and the environment around us will help build our mentality.
so our mentality must be built well.
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It should be like that, we must be able to restrain ourselves from having a bad mentality which is the main problem in life in this era. We see many people who are actually very capable, but they are constrained by their mentality.
This is influenced by many factors, it can be from the environment, family and so on. We must be able to identify something that makes us have a bad mentality and we can immediately stay away from it.
As I said before in our life we must have a good and healthy mentality. because a bad mentality makes us pessimistic about being successful.
and I agree with you family, friends and the environment around us will help build our mentality.
so our mentality must be built well.
I agree with you. Many people around us see that their well-groomed lives end up in gambling. Trading is based on your own knowledge, use your basic strategies about trading as much as possible and earn from it. And we who have been involved in the crypto currency market for a long time can say in one word that trading is not like gambling. Trading never depends on luck but it depends on your knowledge and patience.
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It should be like that, we must be able to restrain ourselves from having a bad mentality which is the main problem in life in this era. We see many people who are actually very capable, but they are constrained by their mentality.
This is influenced by many factors, it can be from the environment, family and so on. We must be able to identify something that makes us have a bad mentality and we can immediately stay away from it.
As I said before in our life we must have a good and healthy mentality. because a bad mentality makes us pessimistic about being successful.
and I agree with you family, friends and the environment around us will help build our mentality.
so our mentality must be built well.
I agree with you. Many people around us see that their well-groomed lives end up in gambling. Trading is based on your own knowledge, use your basic strategies about trading as much as possible and earn from it. And we who have been involved in the crypto currency market for a long time can say in one word that trading is not like gambling. Trading never depends on luck but it depends on your knowledge and patience.
Trading is not really a gambling because if you know exactly how to trade your chances of winning is higher than 50%. Gambling is 50/50 game without analyzing since it was program to earn money from us. You have to keep on rolling or betting until they get all your funds. In the first place, they let you win but gradually you lose without realizing it.
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It should be like that, we must be able to restrain ourselves from having a bad mentality which is the main problem in life in this era. We see many people who are actually very capable, but they are constrained by their mentality.
This is influenced by many factors, it can be from the environment, family and so on. We must be able to identify something that makes us have a bad mentality and we can immediately stay away from it.
As I said before in our life we must have a good and healthy mentality. because a bad mentality makes us pessimistic about being successful.
and I agree with you family, friends and the environment around us will help build our mentality.
so our mentality must be built well.
I agree with you. Many people around us see that their well-groomed lives end up in gambling. Trading is based on your own knowledge, use your basic strategies about trading as much as possible and earn from it. And we who have been involved in the crypto currency market for a long time can say in one word that trading is not like gambling. Trading never depends on luck but it depends on your knowledge and patience.
Trading is not really a gambling because if you know exactly how to trade your chances of winning is higher than 50%. Gambling is 50/50 game without analyzing since it was program to earn money from us. You have to keep on rolling or betting until they get all your funds. In the first place, they let you win but gradually you lose without realizing it.
Yes, gambling depends only on luck, even then, if you enter and bet yourself, you will be given good money at first, but later it will slowly rob you of all your assets. Which is 50/50. And if any of us compare trading with this, then our idea is wrong. Because to trade, you have to gain a lot of experience, we see that our big brothers open different forums about trading and give ideas about many trading strategies there. If we pay close attention, we can learn something good from there.
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Trading is not really a gambling because if you know exactly how to trade your chances of winning is higher than 50%. Gambling is 50/50 game without analyzing since it was program to earn money from us. You have to keep on rolling or betting until they get all your funds. In the first place, they let you win but gradually you lose without realizing it.
Trading is different from gambling. Trading needs the knowledge, it is not based on the luck. If we have no proper knowledge, the chance to get profits will be small. We can't rely on the luck in trading. People who want to try luck, they should go to gambling. Trading is a place for the people who want to learn many things related to trading and crypto market. In trading, we are expected to always improve our knowledge because they market can change at any time.
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Trading is not really a gambling because if you know exactly how to trade your chances of winning is higher than 50%.
Actually, there are types of trading which can be considered gambling to some extent, the first one that comes in mind in options and binary trading, in which all you do is make a bet on whether the price of a coin, stock, or commodity will go up or down in the near future. However, it still has its differences from gambling.
Even in options or binary trading, you can still do analysis and make it most of the times unless you are trading on a very short timeframe. Someone who understands the market they are trading in and has good technical analysis skills, they can make money from binary trading, but it's still very risky because you can lose a lot of money if your trades don't work out.
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Trading is not really a gambling because if you know exactly how to trade your chances of winning is higher than 50%. Gambling is 50/50 game without analyzing since it was program to earn money from us. You have to keep on rolling or betting until they get all your funds. In the first place, they let you win but gradually you lose without realizing it.
Trading is different from gambling. Trading needs the knowledge, it is not based on the luck. If we have no proper knowledge, the chance to get profits will be small. We can't rely on the luck in trading. People who want to try luck, they should go to gambling. Trading is a place for the people who want to learn many things related to trading and crypto market. In trading, we are expected to always improve our knowledge because they market can change at any time.
Totally different on which an entertainment thing in compared on something that could make it as a source of income at the moment or time that you do able to learn up such skills. There are really those times or moments that you will really be having that kind of gambler like kind of approach when doing trades. Trading could only become a gambling at the time that you wont really be applying any analysis and this is why its really that important that you should really be that knowing on what are the things that you should gonna do when dealing up with trading. You shouldnt really be having that gambler like mind or having that approach because its a different thing, because if you do want to play gambling and having some fun then you should be playing literally.
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It should be like that, we must be able to restrain ourselves from having a bad mentality which is the main problem in life in this era. We see many people who are actually very capable, but they are constrained by their mentality.
This is influenced by many factors, it can be from the environment, family and so on. We must be able to identify something that makes us have a bad mentality and we can immediately stay away from it.
As I said before in our life we must have a good and healthy mentality. because a bad mentality makes us pessimistic about being successful.
and I agree with you family, friends and the environment around us will help build our mentality.
so our mentality must be built well.
Yes, that can be a good approach, and family or people closest to us should also help us in building a good and healthy mentality.
I think not everyone can build their mentality without the help of others, especially family. There are indeed people like that, but there are not many and most of them must get support from people closest to them, especially family.
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It should be like that, we must be able to restrain ourselves from having a bad mentality which is the main problem in life in this era. We see many people who are actually very capable, but they are constrained by their mentality.
This is influenced by many factors, it can be from the environment, family and so on. We must be able to identify something that makes us have a bad mentality and we can immediately stay away from it.
As I said before in our life we must have a good and healthy mentality. because a bad mentality makes us pessimistic about being successful.
and I agree with you family, friends and the environment around us will help build our mentality.
so our mentality must be built well.
Yes, that can be a good approach, and family or people closest to us should also help us in building a good and healthy mentality.
I think not everyone can build their mentality without the help of others, especially family. There are indeed people like that, but there are not many and most of them must get support from people closest to them, especially family.
That is the fact that encouragement from the people around us has a significant role to assist in construction of a healthy personality. People cannot always cope with different moments in their lives and family presence is the ground which allows to go through difficulties. For some people they may become able for some period to build their reserves through their own will power, to draw on those reserves, but never the less, these auxiliary forces such as friends, family members and other close acquaintances cannot be slighted. In this respect, confidence and determination when it comes to dealing with various challenges in life will also increase if one gets support from his/her family. That is why a positive environment could be the factor important in creating the stable and healthy mentality.
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Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
- This is true, it's up to the trader to decide how to recognize trading as the same as gambling. The majority also knows that at some point, gambling is really the same as trading. And I'm one of those who believe that it's true.
If we have the right mentality or use it, we will definitely get good earnings in the end, so if we can't do it, we're just like others who see trading as the same as gambling.
All the time Trading remains different activity from gambling except for those who are inexperienced traders, they may see both as same but definitely they are not at all. Trading is a professional carrier for many of us, while gambling is just an addicted habit of some people too.
As a matter of facts, trading shouldn't be compared to gambling because they are different business on different systems in my opinion. As an economicst, i have not seen the basis of comparing both activities in any way, though some are doing that, but i trade crypto assets based on my experiences and not buy luck. Gambling is 100% based on luck, while trading is 100% based on knowledge and experiences of the market overtimes.
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Yes, that can be a good approach, and family or people closest to us should also help us in building a good and healthy mentality.
I think not everyone can build their mentality without the help of others, especially family. There are indeed people like that, but there are not many and most of them must get support from people closest to them, especially family.
That is the fact that encouragement from the people around us has a significant role to assist in construction of a healthy personality. People cannot always cope with different moments in their lives and family presence is the ground which allows to go through difficulties. For some people they may become able for some period to build their reserves through their own will power, to draw on those reserves, but never the less, these auxiliary forces such as friends, family members and other close acquaintances cannot be slighted. In this respect, confidence and determination when it comes to dealing with various challenges in life will also increase if one gets support from his/her family. That is why a positive environment could be the factor important in creating the stable and healthy mentality.
There are also many cases where someone becomes "damaged" not because of his desire but because of environmental factors that influence him, be it family and closest friends. But it doesn't stop there, the person also needs to build himself. because there are also people who actually get a lot of support, but they don't use it well. So this must be balanced between yourself and the environment.
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As a matter of facts, trading shouldn't be compared to gambling because they are different business on different systems in my opinion. As an economicst, i have not seen the basis of comparing both activities in any way, though some are doing that, but i trade crypto assets based on my experiences and not buy luck. Gambling is 100% based on luck, while trading is 100% based on knowledge and experiences of the market overtimes.
Does that mean, in trading you don't need that luck??? It's very strange and it can't be accepted logically... because both trading and gambling, the luck factor is always a part of every decision... many people claim that they are good at trading, but when bad luck befalls them, they will feel small... yes just because luck is not on their side, they lose everything...
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Does that mean, in trading you don't need that luck??? It's very strange and it can't be accepted logically... because both trading and gambling, the luck factor is always a part of every decision... many people claim that they are good at trading, but when bad luck befalls them, they will feel small... yes just because luck is not on their side, they lose everything...
When you are trying to make money form something that is uncertainty, there is high chance of you been lucky in making something or losing money from it. There are times you don't do much in trading and you make money that is even significant than the day you don't do much and similarly, it goes for gambling, the day you least expect might be your day.
Though I wouldn't advice anyone with long term trading experience be aiming for luck. If you do your home work very well, set up your trade properly, you will make good amount of money and when luck decide to shine on you, there is high tendency of you making 3 times of that amount.
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Does that mean, in trading you don't need that luck??? It's very strange and it can't be accepted logically... because both trading and gambling, the luck factor is always a part of every decision... many people claim that they are good at trading, but when bad luck befalls them, they will feel small... yes just because luck is not on their side, they lose everything...
Even if luck factor can be a part of trading, the role isn't the same as in gambling. When it is in gambling, the luck factor is everything. Meanwhile in trading, the luck factor isn't a major factor if we have proper knowledge and experience. It means we doesn't rely on the luck factor in trading. Sure, sometimes the luck factor brings quite significant impact, especially when the market condition is hard to predict. However, we must already do analysis and research before we decide anything in trading. It is much different in gambling where we even don't care with any analysis because at the end of the day everything will be determined by the luck factor. :D
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Does that mean, in trading you don't need that luck??? It's very strange and it can't be accepted logically... because both trading and gambling, the luck factor is always a part of every decision... many people claim that they are good at trading, but when bad luck befalls them, they will feel small... yes just because luck is not on their side, they lose everything...
When you are trying to make money form something that is uncertainty, there is high chance of you been lucky in making something or losing money from it. There are times you don't do much in trading and you make money that is even significant than the day you don't do much and similarly, it goes for gambling, the day you least expect might be your day.
Though I wouldn't advice anyone with long term trading experience be aiming for luck. If you do your home work very well, set up your trade properly, you will make good amount of money and when luck decide to shine on you, there is high tendency of you making 3 times of that amount.
Luck exists, but it will not always be on our side. We cannot always rely on luck in trading. That is why knowledge in trading is needed.
We can choose to be a trader or a holder depending on our ability and comfort in investing.
If we only rely on luck without knowledge in trading, it is the same as gambling.
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Does that mean, in trading you don't need that luck??? It's very strange and it can't be accepted logically... because both trading and gambling, the luck factor is always a part of every decision... many people claim that they are good at trading, but when bad luck befalls them, they will feel small... yes just because luck is not on their side, they lose everything...
When you are trying to make money form something that is uncertainty, there is high chance of you been lucky in making something or losing money from it. There are times you don't do much in trading and you make money that is even significant than the day you don't do much and similarly, it goes for gambling, the day you least expect might be your day.
Though I wouldn't advice anyone with long term trading experience be aiming for luck. If you do your home work very well, set up your trade properly, you will make good amount of money and when luck decide to shine on you, there is high tendency of you making 3 times of that amount.
Luck exists, but it will not always be on our side. We cannot always rely on luck in trading. That is why knowledge in trading is needed.
We can choose to be a trader or a holder depending on our ability and comfort in investing.
If we only rely on luck without knowledge in trading, it is the same as gambling.
You can mainly point out that kind of difference in between things on which this is something that you would really be that needing up to experience for yourself.
Even just that simply make use of your own common sense on which it would really be that able to tell you on what are the main differences of these things. You will really be able to determine that trading is never been that an entertainment thing that you would be able to connect it with gambling. You are the ones will really be able to deal on with it accordingly basing up on the level of risks and on basing on what are your intents towards it. There would really be no issues if you are really that treating it on the right way.
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As I said before in our life we must have a good and healthy mentality. because a bad mentality makes us pessimistic about being successful.
and I agree with you family, friends and the environment around us will help build our mentality.
so our mentality must be built well.
To a reasonable extent, mentality is essential for success. A positive mindset will always produce positive results. I do not believe that family, friends, or environment can help shape a person's mentality. Mentality development must always begin from within. Every individual understands what he wants and what he believes he is capable of achieving, and this can help him develop his mentality.
When we look at successful people's stories, we can see that most of them were discouraged by friends and family, and their environment was also discouraging, but their intrinsic motivation drove them to push forward and become successful.
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Luck exists, but it will not always be on our side. We cannot always rely on luck in trading. That is why knowledge in trading is needed.
We can choose to be a trader or a holder depending on our ability and comfort in investing.
If we only rely on luck without knowledge in trading, it is the same as gambling.
Yeah there could be luck sometimes in trading because someone who doesn't no about it can just buy and immediately the price has gone up and they made some gains but that's not enough for someone to do it, I'm actually not into trading but I have a lot of basic knowledge about it and I cannot wish to use my money try if my luck will make me get some dollars.
But as for gambling is totally different thing, even the amount somebody would use to gamble will be very low than in trading. So for trading is better for someone going for investment instead of trading that they are depending on luck to make profit.
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Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
You are right, I completely agree with you, every thing you have said about trading In the parts of your comment that I chopped out due to length are all correct, trading can never be the same as gambling because just as you have said, in trading, traders have several types of tools available for them to use in predicting the market better, so this I would say is more on the professional side of things, than simply being seeing as a game of luck like it is with gambling.
But then again, I do not think it's a choice to treat trading as gambling, trading can in itself be the same as gambling when the trader lack the knowledge required to guarantee some good level of profit from trading.
Trading without knowledge of how to be profitable is equal to gambling, it's a fact that not a choice people have to make.
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Luck exists, but it will not always be on our side. We cannot always rely on luck in trading. That is why knowledge in trading is needed.
We can choose to be a trader or a holder depending on our ability and comfort in investing.
If we only rely on luck without knowledge in trading, it is the same as gambling.
Yeah there could be luck sometimes in trading because someone who doesn't no about it can just buy and immediately the price has gone up and they made some gains but that's not enough for someone to do it, I'm actually not into trading but I have a lot of basic knowledge about it and I cannot wish to use my money try if my luck will make me get some dollars.
But as for gambling is totally different thing, even the amount somebody would use to gamble will be very low than in trading. So for trading is better for someone going for investment instead of trading that they are depending on luck to make profit.
- You think so? I don't think there is any luck in carrying out our trading activity here in cryptocurrency. Because I look at trading as a personal job, so if it becomes your passive income at the right time, that's great.
So I admit that studying trading is not easy, it's like being a student who is really studying, the only difference is that everything you learn from studying trading is that you can immediately apply it to actual trade if what you are studying is effective, so we will see in the long run the right and wrong that we will do.
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- You think so? I don't think there is any luck in carrying out our trading activity here in cryptocurrency. Because I look at trading as a personal job, so if it becomes your passive income at the right time, that's great.
So I admit that studying trading is not easy, it's like being a student who is really studying, the only difference is that everything you learn from studying trading is that you can immediately apply it to actual trade if what you are studying is effective, so we will see in the long run the right and wrong that we will do.
I agree with what you said, learning trading is not easy and it takes a long time to see the results of our learning. because we must always learn and practice to gain experience. By learning we can immediately practice it, I like your analogy.. because what happens is supposed to be like that
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Luck exists, but it will not always be on our side. We cannot always rely on luck in trading. That is why knowledge in trading is needed.
We can choose to be a trader or a holder depending on our ability and comfort in investing.
If we only rely on luck without knowledge in trading, it is the same as gambling.
Luck exist for both trading and gambling but one doesn't have to rely on the two because most of the time, it's your good skill that brings you luck. For example, if you are good at trading, you can pick a good trade that can give you good profits and if the coin do well, you will over get what you never expected in the first place.
Similarly, as a prediction person with good skill, you can assume something to happen in any event, when it later happen it will exceed what you have initially as expectations, this is how luck happen between gambling and luck, you need to be very good at both for luck to even come your way.
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- You think so? I don't think there is any luck in carrying out our trading activity here in cryptocurrency. Because I look at trading as a personal job, so if it becomes your passive income at the right time, that's great.
So I admit that studying trading is not easy, it's like being a student who is really studying, the only difference is that everything you learn from studying trading is that you can immediately apply it to actual trade if what you are studying is effective, so we will see in the long run the right and wrong that we will do.
I agree with what you said, learning trading is not easy and it takes a long time to see the results of our learning. because we must always learn and practice to gain experience. By learning we can immediately practice it, I like your analogy.. because what happens is supposed to be like that
The most common mistake on which that mentality that some people would be having is that they do really that having kind of belief that learning trading skills would really be just that easy or something that pertains that they can be able to make themselves that profitable in a short time period without even trying out to realize on what are the things that they would really be needing up to consider on which it will really be that still taking up so much time and tons of effort before they would really be able to have a good grasps into it. Being impatient will really be leading up into that kind of bad approach or actions on which this will really be that causing up that kind of huge problem when it comes into this manner. You must avoid up this stuff if you dont really like to mess up.
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I agree with what you said, learning trading is not easy and it takes a long time to see the results of our learning. because we must always learn and practice to gain experience. By learning we can immediately practice it, I like your analogy.. because what happens is supposed to be like that
It depends on the level of intelligence of each individual. There is a person who can learn fast and he/she can easily implement the theories immediately. This type of person can be easier to see the results of learning very soon. But sure, there is also a person who takes a long time to learn it. He/she may need few weeks/months to see the good results. However, I'm very sure that everyone can get good results if he learn seriously.
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Being impatient will really be leading up into that kind of bad approach or actions on which this will really be that causing up that kind of huge problem when it comes into this manner. You must avoid up this stuff if you dont really like to mess up.
This is very true, when you insist on trading, impatience makes you lose a lot, that happened to me, I was very impatient, I always tried to accommodate things to how I saw them on a YouTube channel and that is the worst, that is why I lost a lot, so in view of this I still remember when I was a novice in trading, it was something that I did not expect to happen to me, but some of us do go through those bad experiences, in trading it is best to learn a lot before operating, so as not to lose so much money.
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The most common mistake on which that mentality that some people would be having is that they do really that having kind of belief that learning trading skills would really be just that easy or something that pertains that they can be able to make themselves that profitable in a short time period without even trying out to realize on what are the things that they would really be needing up to consider on which it will really be that still taking up so much time and tons of effort before they would really be able to have a good grasps into it. Being impatient will really be leading up into that kind of bad approach or actions on which this will really be that causing up that kind of huge problem when it comes into this manner. You must avoid up this stuff if you dont really like to mess up.
Often, many people have a mentality of expecting to benefit immediately when they embark in something and trading is not an exception. Because of this, it makes them overlook the process which in real sense involves a lot of work and time. However, to refine this skill, one has to put himself or herself into practise whereby he or she is ready to encounter numerous challenges. It also bears to point out that if those attempts are not well accompanied by the fight and the waiting, it may be attained that all the efforts made are not rewarding sufficiently. When we are hurried, there is little chances of having perfect decisions and may lead to losses as well.
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The most common mistake on which that mentality that some people would be having is that they do really that having kind of belief that learning trading skills would really be just that easy or something that pertains that they can be able to make themselves that profitable in a short time period without even trying out to realize on what are the things that they would really be needing up to consider on which it will really be that still taking up so much time and tons of effort before they would really be able to have a good grasps into it. Being impatient will really be leading up into that kind of bad approach or actions on which this will really be that causing up that kind of huge problem when it comes into this manner. You must avoid up this stuff if you dont really like to mess up.
Often, many people have a mentality of expecting to benefit immediately when they embark in something and trading is not an exception. Because of this, it makes them overlook the process which in real sense involves a lot of work and time. However, to refine this skill, one has to put himself or herself into practise whereby he or she is ready to encounter numerous challenges. It also bears to point out that if those attempts are not well accompanied by the fight and the waiting, it may be attained that all the efforts made are not rewarding sufficiently. When we are hurried, there is little chances of having perfect decisions and may lead to losses as well.
If you are that becoming optimistic then you might be ending up on having that kind of delusion about making profits in shortest way as possible on which we know that this is truly a gambler like kind of approach and should be something that be done when you are trying out to get involved with trading. You are the ones will really be that needing up the control and if you arent that good when it comes emotion control then you do end up on having that tons of loses. Trading skills isnt something that you can be able to learn in short time on which it do takes up some time and needs effort for you to have a good grasps of it. You are the ones will be making out such control in between mindset and emotion.
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Trading and gambling are not the same thing and they don't have the same features. We have discussed this in the bitcointalk forum and the differences have been discussed too. Gambling has no tools but strategies like analysing the previous games to know which of the teams is good to win the match if it is a football game and trading uses TP/SL. And other charts.
But it is because of the risk involved in both of them making people to say they are the same.
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The most common mistake on which that mentality that some people would be having is that they do really that having kind of belief that learning trading skills would really be just that easy or something that pertains that they can be able to make themselves that profitable in a short time period without even trying out to realize on what are the things that they would really be needing up to consider on which it will really be that still taking up so much time and tons of effort before they would really be able to have a good grasps into it. Being impatient will really be leading up into that kind of bad approach or actions on which this will really be that causing up that kind of huge problem when it comes into this manner. You must avoid up this stuff if you dont really like to mess up.
Often, many people have a mentality of expecting to benefit immediately when they embark in something and trading is not an exception. Because of this, it makes them overlook the process which in real sense involves a lot of work and time. However, to refine this skill, one has to put himself or herself into practise whereby he or she is ready to encounter numerous challenges. It also bears to point out that if those attempts are not well accompanied by the fight and the waiting, it may be attained that all the efforts made are not rewarding sufficiently. When we are hurried, there is little chances of having perfect decisions and may lead to losses as well.
- There are still many communities who are entering crypto trading in a hurry to get a profit. even though they know to themselves that they do not have enough knowledge in the crypto space. And it is not that easy to learn in a short time. They think that it is just like gambling that you can just rely on luck to get a profit.
Yes, we are there that there is a risk that needs to be given for trading in crypto but this does not mean that it is the same as gambling because trading really needs to be studied while gambling even without studying is fine because if you are lucky you can get big earnings from gambling.
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If Barcelona can really play as well as they did in the El Classico, then it is not impossible that Barcelona can really do it and lift the Copa del Rey trophy. I am sure that they will be much more serious about it. I have read it before but I don't know where, I tried to find it again, if Barcelona's target is to be able to get a treble winner with their current ability. Although it may be quite high, but it is also reasonable if they can be that consistent and serious about doing it, Real Madrid will be one of their biggest obstacles, however, it remains to be seen how both of them will be able to compete later by giving all their strength and focus during the match.
The initial plan is for Barcelona to win all the championships, and that is something that is already being outlined, I could not say who could win, the last classics of the League have been won by Barcelona and in a very humiliating way for Madrid , the truth is that has to change, and they can start with the Copa del Rey, I remember that when CR7 was there they won the Copa del Rey against a Barcelona of Messi who was winning everything, but less this competition, less this cup.
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- There are still many communities who are entering crypto trading in a hurry to get a profit. even though they know to themselves that they do not have enough knowledge in the crypto space. And it is not that easy to learn in a short time. They think that it is just like gambling that you can just rely on luck to get a profit.
Yes, we are there that there is a risk that needs to be given for trading in crypto but this does not mean that it is the same as gambling because trading really needs to be studied while gambling even without studying is fine because if you are lucky you can get big earnings from gambling.
I believe that every trader knows such cases when a person gets very excited and runs into the trade without proper preparations. With this notion, it is sometimes easy to believe that this concerned world is sheer luck when in fact this process is slightly more elaborate. It is not only who can buy and sell, but also how to approach the situation and think how to act step-by-step carefully? If everything is identified with gambling, the technical and logical aspects of life are excluded. In a way, gambling does not entail any prerequisite of knowledge but the society’s fortune and nerve. However, when it comes to trading, choices result from analysis, experiences, trends, etc. We are not guided by emotions, as only through this a person can obtain constant success if only he knows what he is included in. And that is why the reaction to risk is distinguished because it is not a guess, but a decision.
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Does that mean, in trading you don't need that luck??? It's very strange and it can't be accepted logically... because both trading and gambling, the luck factor is always a part of every decision... many people claim that they are good at trading, but when bad luck befalls them, they will feel small... yes just because luck is not on their side, they lose everything...
Buddy I think I share the same sentiment as you do, I have read through some comments here, some people write as if there are no similarities or things connecting gambling and trading, for me that's funny to hear, just as you said this two activities have a connection with luck, both are risky though some persons say they are good traders and I have heard about the stop loss stuff and way it works, in sportsbet which is gambling we have what we they call combo which is initiating a safest means of winning at the end of the gambling session, in details what this mean is that sometimes you may decide to chose 1 to 3 or more combo which means even though the games you chose cut 1 to 3 or more depending on the number of combo you chose, the slip will still be intact, so for me I think the both gambling and trading share some similarities and I think that makes them almost the same, no matter how you master trading, you must lose and I don't think that there's anyone that's involve in trading that has not lost before this is also applicable to gambling, so what next can we say.
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Yes trading is not the same thing as gambling, because tradings profit depends on the traders strategy and experience,while in gambling it depends on your luck from prediction and speculation,they are both risky because it involves money that can possibly loss but in general they are really different.
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A thread this old (January 2024) based on a topic such as this should have been locked by now. All the answers and quotes must have been regurgitated several times therefore it seems pointless to anything except trading is definitely not the same thing as gambling if you trade responsibly.
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A thread this old (January 2024) based on a topic such as this should have been locked by now. All the answers and quotes must have been regurgitated several times therefore it seems pointless to anything except trading is definitely not the same thing as gambling if you trade responsibly.
+1
All the posts here are almost similar. Given the number of users on this forum, this topic has gone through many pages, so it is natural for the same type of answer to be repeated here. So it is better to lock this topic.
Op please lock this topic. if op not seen this then Mod can lock also
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Yes trading is not the same thing as gambling, because tradings profit depends on the traders strategy and experience,while in gambling it depends on your luck from prediction and speculation,they are both risky because it involves money that can possibly loss but in general they are really different.
Trading and gambling are different because gambling as you said relies on luck. While trading depends on the analysis, strategy and experience of the trader. so in my opinion being a trader is more interesting than being a gambler. many people go bankrupt because of gambling, gambling should be avoided
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Yes trading is not the same thing as gambling, because tradings profit depends on the traders strategy and experience,while in gambling it depends on your luck from prediction and speculation,they are both risky because it involves money that can possibly loss but in general they are really different.
Trading and gambling are different because gambling as you said relies on luck. While trading depends on the analysis, strategy and experience of the trader. so in my opinion being a trader is more interesting than being a gambler. many people go bankrupt because of gambling, gambling should be avoided
Sometimes I'm wondering why some people keep on gambling if we think that no one will become profitable from it. Maybe some of you have the same thoughts. Online gambling are here for how many years and still keep running and improving, if you can see in the other forum that gambling is very alive. Maybe behind those many losers there are some who can really make profit with gambling, what do you think?
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Yes trading is not the same thing as gambling, because tradings profit depends on the traders strategy and experience,while in gambling it depends on your luck from prediction and speculation,they are both risky because it involves money that can possibly loss but in general they are really different.
Trading and gambling are different because gambling as you said relies on luck. While trading depends on the analysis, strategy and experience of the trader. so in my opinion being a trader is more interesting than being a gambler. many people go bankrupt because of gambling, gambling should be avoided
Sometimes I'm wondering why some people keep on gambling if we think that no one will become profitable from it. Maybe some of you have the same thoughts. Online gambling are here for how many years and still keep running and improving, if you can see in the other forum that gambling is very alive. Maybe behind those many losers there are some who can really make profit with gambling, what do you think?
Those who continue to gamble may already have experience and gain profit from gambling, but for those who do not have experience, it is better not to gamble because it will only bring losses. Trading is a good way to practice skills in predicting prices and formulating strategies. We can learn trading to avoid gambling.
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I agree with what you said, learning trading is not easy and it takes a long time to see the results of our learning. because we must always learn and practice to gain experience. By learning we can immediately practice it, I like your analogy.. because what happens is supposed to be like that
It depends on the level of intelligence of each individual. There is a person who can learn fast and he/she can easily implement the theories immediately. This type of person can be easier to see the results of learning very soon. But sure, there is also a person who takes a long time to learn it. He/she may need few weeks/months to see the good results. However, I'm very sure that everyone can get good results if he learn seriously.
- In short, there are those who study trading who are not really 100% serious about what they are doing, but rather just get a little idea and then immediately jump into actual trading to try to make a profit from trading.
And there are also others who study it really seriously and understand what they are studying before jumping into the actual trading activity they will do.
Because it is no different from learning to drive
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- In short, there are those who study trading who are not really 100% serious about what they are doing, but rather just get a little idea and then immediately jump into actual trading to try to make a profit from trading.
I believe a trader must be serious about his trading. Trading cannot be approached casually. Trading is a business, and every business requires profit, which can only be achieved when the business is taken seriously. Like you said, some traders rush into trading with little ideas and they want to gain which is not right in my thinking.
And there are also others who study it really seriously and understand what they are studying before jumping into the actual trading activity they will do.
Because it is no different from learning to drive
These are the traders who profit the most. When you study the market and then trade based on research, the likelihood of profiting from the trade increases, and the trader reduces risk in trading despite market volatility.
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I agree with what you said, learning trading is not easy and it takes a long time to see the results of our learning. because we must always learn and practice to gain experience. By learning we can immediately practice it, I like your analogy.. because what happens is supposed to be like that
It depends on the level of intelligence of each individual. There is a person who can learn fast and he/she can easily implement the theories immediately. This type of person can be easier to see the results of learning very soon. But sure, there is also a person who takes a long time to learn it. He/she may need few weeks/months to see the good results. However, I'm very sure that everyone can get good results if he learn seriously.
- In short, there are those who study trading who are not really 100% serious about what they are doing, but rather just get a little idea and then immediately jump into actual trading to try to make a profit from trading.
And there are also others who study it really seriously and understand what they are studying before jumping into the actual trading activity they will do.
Because it is no different from learning to drive
I like the second point you mentioned, if you want to do trading we must be serious in learning trading in order to achieve success.
because if we only know without studying in detail and seriously we cannot succeed, trading requires constant practice in order to become an expert.
and of course this takes time and money, because sometimes in practicing we experience failure.
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Those who continue to gamble may already have experience and gain profit from gambling, but for those who do not have experience, it is better not to gamble because it will only bring losses. Trading is a good way to practice skills in predicting prices and formulating strategies. We can learn trading to avoid gambling.
If you don't try you would never know what's in the other side. I mean you can't know how to be a better gambler if you don't try. Those that are better gambling today has one time in thier life lose some money but with time and better if their skills, they are able to better their time in gambling, that's how they becomes better gambler and so is traders.
A person that is a professional gambler or a trade don't become a professional unless they give it a trial. I advice anyone that loves trading and gambling should try the both independently, they will know the one to chose and follow the one they like.
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Those who continue to gamble may already have experience and gain profit from gambling, but for those who do not have experience, it is better not to gamble because it will only bring losses. Trading is a good way to practice skills in predicting prices and formulating strategies. We can learn trading to avoid gambling.
Sure, they won't continue to play gambling if they don't win a single gambling game. But I think those gamblers waste more money than winning the prizes. ;D
I agree that trading is better than gambling. In trading, we can improve the chance to earn more money if we already have proper knowledge and experience. In gambling, we only rely on the luck, there is no way to increase the chance of earning money. We can get good skills if we have good knowledge. We also will have good strategies if we understand well trading.
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I agree with what you said, learning trading is not easy and it takes a long time to see the results of our learning. because we must always learn and practice to gain experience. By learning we can immediately practice it, I like your analogy.. because what happens is supposed to be like that
It depends on the level of intelligence of each individual. There is a person who can learn fast and he/she can easily implement the theories immediately. This type of person can be easier to see the results of learning very soon. But sure, there is also a person who takes a long time to learn it. He/she may need few weeks/months to see the good results. However, I'm very sure that everyone can get good results if he learn seriously.
- In short, there are those who study trading who are not really 100% serious about what they are doing, but rather just get a little idea and then immediately jump into actual trading to try to make a profit from trading.
And there are also others who study it really seriously and understand what they are studying before jumping into the actual trading activity they will do.
Because it is no different from learning to drive
I like the second point you mentioned, if you want to do trading we must be serious in learning trading in order to achieve success.
because if we only know without studying in detail and seriously we cannot succeed, trading requires constant practice in order to become an expert.
and of course this takes time and money, because sometimes in practicing we experience failure.
Failure is inevitable and this something that should be put up in mind. Always put up into main consideration that on the moment that you do step your foot into this market then everything will be that random and unpredictable on which means that tendency or chance to have a losing trade is there. The important on here is on how you do able to adapt and be able to learn with those things that you had committed specially on mistakes and errors. Trading could only become gambling at the moment that you are making it to be one like having no analysis applied and just randomly making out some positions and thats what you called gambling in trading sense. Talking literally in between then we do know they are different because entertainment is different from actual investing or stuffs that generate possible long term profitability.
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I agree with what you said, learning trading is not easy and it takes a long time to see the results of our learning. because we must always learn and practice to gain experience. By learning we can immediately practice it, I like your analogy.. because what happens is supposed to be like that
It depends on the level of intelligence of each individual. There is a person who can learn fast and he/she can easily implement the theories immediately. This type of person can be easier to see the results of learning very soon. But sure, there is also a person who takes a long time to learn it. He/she may need few weeks/months to see the good results. However, I'm very sure that everyone can get good results if he learn seriously.
- In short, there are those who study trading who are not really 100% serious about what they are doing, but rather just get a little idea and then immediately jump into actual trading to try to make a profit from trading.
And there are also others who study it really seriously and understand what they are studying before jumping into the actual trading activity they will do.
Because it is no different from learning to drive
I like the second point you mentioned, if you want to do trading we must be serious in learning trading in order to achieve success.
because if we only know without studying in detail and seriously we cannot succeed, trading requires constant practice in order to become an expert.
and of course this takes time and money, because sometimes in practicing we experience failure.
That's right my friend, trading must have capital knowledge like others. So trading must work hard to find information or news related to the market so that we are not easily trapped in evil and a trader is not lazy, they all work hard to get a lot of profit ... and it all depends on each of us my friend, we can't even force people who are not serious about trading because trading will definitely find profit and loss, at that time whether he can really get through it or not.
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Trading is not gambling however if people are reckless and do not think nor contemplate before investing then I suppose those trades are akin to gambling. If people want to gamble they can use casino/gaming websites to achieve whatever they are looking for but if they are looking for serious investments or trading, they should apply a different tactic.
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Those who continue to gamble may already have experience and gain profit from gambling, but for those who do not have experience, it is better not to gamble because it will only bring losses. Trading is a good way to practice skills in predicting prices and formulating strategies. We can learn trading to avoid gambling.
If you don't try you would never know what's in the other side. I mean you can't know how to be a better gambler if you don't try. Those that are better gambling today has one time in thier life lose some money but with time and better if their skills, they are able to better their time in gambling, that's how they becomes better gambler and so is traders.
A person that is a professional gambler or a trade don't become a professional unless they give it a trial. I advice anyone that loves trading and gambling should try the both independently, they will know the one to chose and follow the one they like.
- I seem to relate to what you're trying to convey when you say this mate, those people who only have plans but don't take steps to carry out what they've planned. That seems to be what you're trying to say, I'm just not sure if that's what it really is.
I guess it's like someone who wants to learn to swim, how can you learn if you don't jump into deep water so, of course we have to jump into deep water so we can learn how to float in the water.
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Those who continue to gamble may already have experience and gain profit from gambling, but for those who do not have experience, it is better not to gamble because it will only bring losses. Trading is a good way to practice skills in predicting prices and formulating strategies. We can learn trading to avoid gambling.
If you don't try you would never know what's in the other side. I mean you can't know how to be a better gambler if you don't try. Those that are better gambling today has one time in thier life lose some money but with time and better if their skills, they are able to better their time in gambling, that's how they becomes better gambler and so is traders.
A person that is a professional gambler or a trade don't become a professional unless they give it a trial. I advice anyone that loves trading and gambling should try the both independently, they will know the one to chose and follow the one they like.
- I seem to relate to what you're trying to convey when you say this mate, those people who only have plans but don't take steps to carry out what they've planned. That seems to be what you're trying to say, I'm just not sure if that's what it really is.
I guess it's like someone who wants to learn to swim, how can you learn if you don't jump into deep water so, of course we have to jump into deep water so we can learn how to float in the water.
At some point in its process it ceases to become a strategy and becomes a restraint if kept for too long. Often we believe that we are preparing but in actuality, we are only considering what we want to do. As we start doing it, it doesn’t matter if in small measures, the whole perspective begins to shift. Some things which in the past have been said to be complex are gradually being made to be found solutions to since we are participants not mere spectators. Some of these things that we are afraid of turns out to be less bad than what we have imagined when we haven’t even offered ourselves a trial. Very often, it seems that success is best achieved not when one is fully committed to the idea at the beginning but when one is ready and willing to make a start with the belief that the idea will follow slowly but surely as the journey progresses.
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Trading needs skill, experience and good management of emotion.
Gambling too. it seems the same... ;D ;D ;D
what's the difference?
What differentiates trading and gambling is the way of analyzing charts, candles, etc.
Learn the project, fundamental, man behind etc.
Gambling is game, Gambling is a game where we don't play analysis, just play luck
After going through all of the comments, I just don't think there's any difference between trading and gambling after all. In gambling we make use of analysis, more like historical analysis. For example if Manchester United and Chelsea are to play today, what I do most often is to begin to study the previous matches between this two clubs, their gameplay, tactics, and so on to see which team will win, infact I will judge the present match based on their previous performance, and this process is also obtainable in trading.
Gambling is also a kind of skill, this is because people pay huge amount of money to earn it, this is also obtainable is trading. Just like trading gambling also involves the process of putting in a valuable or something of worth( money) to get a profit or a high percentage. Just like trading, money can also be lost in gambling no matter how professional you are.
From my observation, the similarities between trading and gambling is so intense that it is difficult to separate the two, and as such I would say they are both synonymous, infact the same.
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Without doubt, many people would feel the same because there is a fine line between gambling and trading. No matter how much analysis is afforded to any possible transaction before completing a trade, there is no guarantee it will work the way expected.
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Trading is not gambling however if people are reckless and do not think nor contemplate before investing then I suppose those trades are akin to gambling. If people want to gamble they can use casino/gaming websites to achieve whatever they are looking for but if they are looking for serious investments or trading, they should apply a different tactic.
There are other traders who are serious about making a profit from trading but do not study trading seriously, which is more important, because if we study it properly or correctly, the profit we are looking forward to will follow.
Because if they only have profit in mind, they will not last long in crypto trading, in fact, that has been proven to me because I have many acquaintances who said they were interested in studying trading but did not really study it seriously.
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There are other traders who are serious about making a profit from trading but do not study trading seriously, which is more important, because if we study it properly or correctly, the profit we are looking forward to will follow.
Because if they only have profit in mind, they will not last long in crypto trading, in fact, that has been proven to me because I have many acquaintances who said they were interested in studying trading but did not really study it seriously.
It is wrong to go into trading without efforts to study the rudiments of trading. There is nothing wrong with wanting to profit from trading but the profit will never come when the right things are not done. The right thing here is to understand the market, including price action, risk management, and market movements.
The market knows no friend, so a trader must be fully informed before engaging in trading. This is analogous to a student who wants to make First Class. It is a commendable ambition, but such a student must study. This is the same in trading. To make a profit, a trader must study and understand trading.
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Especially gambling and trading are different things. Gambling depends on luck. And trading depends on you, your skills and hard work. Being a trader is more interesting than being a gambler. Because why would you rely on your luck? From this you will develop yourself as an experienced trader. If you can use your hard work and skills effectively, you will be able to accumulate profits in your account. So I think an experienced trader is much more valuable than a gambler.
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There are other traders who are serious about making a profit from trading but do not study trading seriously, which is more important, because if we study it properly or correctly, the profit we are looking forward to will follow.
Because if they only have profit in mind, they will not last long in crypto trading, in fact, that has been proven to me because I have many acquaintances who said they were interested in studying trading but did not really study it seriously.
It is wrong to go into trading without efforts to study the rudiments of trading. There is nothing wrong with wanting to profit from trading but the profit will never come when the right things are not done. The right thing here is to understand the market, including price action, risk management, and market movements.
The market knows no friend, so a trader must be fully informed before engaging in trading. This is analogous to a student who wants to make First Class. It is a commendable ambition, but such a student must study. This is the same in trading. To make a profit, a trader must study and understand trading.
- That's right mate, time and effort are a huge part of someone who really wants to learn trading whether cryptocurrency, Forex, or stock market. No matter what aspect of the thing we want to learn, Time and Effort are really part of it.
After all, even in our studies from Elementary, High School, up to College, Time and Effort are also necessary. This means that it really contributes a lot to us, and this is what is often missing from people who say they are interested but don't have it.
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Especially gambling and trading are different things. Gambling depends on luck. And trading depends on you, your skills and hard work. Being a trader is more interesting than being a gambler. Because why would you rely on your luck? From this you will develop yourself as an experienced trader. If you can use your hard work and skills effectively, you will be able to accumulate profits in your account. So I think an experienced trader is much more valuable than a gambler.
A person gets entertainment through gambling, but the purpose of trading is financial gain. And in gambling, one can also make money by placing bets if the luck favors him. So normally a gambler will never get the experience of trading, on the other hand, a trader will not get the joy of gambling. If some people think that trading in some shitcoins in crypto trading is almost the same as placing bets in gambling. But I think there is a difference too. Maybe there is a high return after investing in such coins, but the chances of that are very low. Moreover, currently investors are very careful about placing money in such coins. That is why although there are some similarities, trading and gambling are completely different.
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So I think an experienced trader is much more valuable than a gambler.
There is no doubt about that. Gambling, in general, is a way to try your luck, but some people take it differently, and they are wrong. If you think that you can make money from gambling on a constant basis, then you are wrong, and this wrong mindset is going to cost you money whether in the short or long run. If we do a survey asking people who took gambling as a source of income how it went, barely 5% of them would say it worked for them because it's not meant for that purpose.
Trading, on the other hand, can be a career choice because if you gain enough knowledge, increase your experience, have a good budget, and learn to stay patient in certain situations, you can make good money from trading in the long run. It's all about making the right decisions at the right time.
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Without doubt, many people would feel the same because there is a fine line between gambling and trading. No matter how much analysis is afforded to any possible transaction before completing a trade, there is no guarantee it will work the way expected.
Many say that trading is similar to gambling if it is not based on good knowledge and experience about trading. Becoming a trader takes a long time to always learn and practice, because the crypto market is unpredictable. And sometimes the analysis we make is wrong so we experience a loss. However, with good experience, we can manage finances and risks so that we can minimize the losses we suffer.
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The crypto market is very dynamic, and despite the fact that crypto enthusiasts cannot actually be 100% accurate about the direction of the market, that doesn't mean that trading should be handled as gambling. As a trader, it's good to keep learning and developing your own personal strategy that can help you win in the market; otherwise, you'll experience more losses than profits.
Nowadays we see that it has become legal to earn money by trading in the stock market but training is like zero because if someone loses, you will earn and if you lose, someone will make a profit that day. Training is basically based on a person's skill or based on his own knowledge. But in terms of gambling, it is completely different. In gambling, we can never profit here by using any strategy or experience, so we see that gambling depends only on luck. And here there is no strategy and no analysis required to profit, so there is a lot of risk of losing money. So I would say that it is not gambling, but some people call trading gambling but it is not like that, I think we can call it business.
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Without doubt, many people would feel the same because there is a fine line between gambling and trading. No matter how much analysis is afforded to any possible transaction before completing a trade, there is no guarantee it will work the way expected.
Many say that trading is similar to gambling if it is not based on good knowledge and experience about trading. Becoming a trader takes a long time to always learn and practice, because the crypto market is unpredictable. And sometimes the analysis we make is wrong so we experience a loss. However, with good experience, we can manage finances and risks so that we can minimize the losses we suffer.
Usually, such words come from those that got rekt (especially someone new, who didn't know where the risk lies).
Eventually, everyone should acknowledge the fact that if you can do the analysis and put the factors in question one to another, it's not based on luck - but on circumstances and probabilities (the ones you can, theoretically, know more about, unlike in the sphere we are reffering to).
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Without doubt, many people would feel the same because there is a fine line between gambling and trading. No matter how much analysis is afforded to any possible transaction before completing a trade, there is no guarantee it will work the way expected.
Many say that trading is similar to gambling if it is not based on good knowledge and experience about trading. Becoming a trader takes a long time to always learn and practice, because the crypto market is unpredictable. And sometimes the analysis we make is wrong so we experience a loss. However, with good experience, we can manage finances and risks so that we can minimize the losses we suffer.
Only those people who do treat up trading as gambling as the ones who do treat up that way but for those who do know on what it is then applying up some analysis then they are the ones who do know on what trading is and on whats the correct approach into it. Trading could only become a gambling at the time or moment that you dont apply any analysis. You cant just having some trades without any analysis into it on which its normal that we do suffer loses and mistakes but its normal and this is where experience do build up and on the lessons you do learn out of those things. Sometimes people are really just that too hasty on making money and thats why they do end up on making rush decisions and disregarding the risks involved with trading.
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Trading involves analysis, strategy, and risk management, while gambling is mostly based on chance. If you’re serious about trading, it’s worth educating yourself properly and using reliable sources. I personally found a lot of useful insights at Traders Union, especially their broker reviews and trading guides. It really helps to approach the markets with a clear plan and not just "hope for the best."
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Trading involves analysis, strategy, and risk management, while gambling is mostly based on chance. If you’re serious about trading, it’s worth educating yourself properly and using reliable sources. I personally found a lot of useful insights at Traders Union, especially their broker reviews and trading guides. It really helps to approach the markets with a clear plan and not just "hope for the best."
You are very correct but if you critically look at the two events, they have similarities though they are of different nature. Luck follow in the two, risk management follow for the two. Some people might say that where is the risk management in gambling? Mostly in sports betting, before you bet you have to mathematically calculate the game from previous games to the present squads to see who can will the game and for trading the rising and falling of the market must be calculated. That is where the risk management come to play. But the f you are good in trading there is assurance that you can have profit even though it is small every day but it is not for gambling the matter how you can play and be an expert.
Gamblers are not traders and traders are not gamblers unless they are trained or learn to be.
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Trading involves analysis, strategy, and risk management, while gambling is mostly based on chance. If you’re serious about trading, it’s worth educating yourself properly and using reliable sources. I personally found a lot of useful insights at Traders Union, especially their broker reviews and trading guides. It really helps to approach the markets with a clear plan and not just "hope for the best."
I fully understand why you specify that there is one more significant distinction between thinking algorithmically or systematically, on the one hand, and thinking aleatorily on the other. This way, such references coupled with phraseology showing that you are looking for structured reviews are far more valuable, as this indicates that you are looking for more than a single answer or solution, but for reasoning for each decision made. Thus, I think that the approach with the help of experience and references is better because it does not allow making an impulsive decision. Trading is not a game of guessing; it depends on the kind of test that we give to the direction before putting something. And when it is performed constantly, it does not vanish but the approach to handling it is more moderate and proportional.
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We are on page 33 of a thread that has already ascertained gambling and trading are two distinctively different propositions, however if trading takes place in a reckless manner then it is comparable to gambling. Agreed.
Now that has been clear for some time, how much more signature spamming will take place before the thread is locked?
Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
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Especially gambling and trading are different things. Gambling depends on luck. And trading depends on you, your skills and hard work. Being a trader is more interesting than being a gambler. Because why would you rely on your luck? From this you will develop yourself as an experienced trader. If you can use your hard work and skills effectively, you will be able to accumulate profits in your account. So I think an experienced trader is much more valuable than a gambler.
A person gets entertainment through gambling, but the purpose of trading is financial gain. And in gambling, one can also make money by placing bets if the luck favors him. So normally a gambler will never get the experience of trading, on the other hand, a trader will not get the joy of gambling. If some people think that trading in some shitcoins in crypto trading is almost the same as placing bets in gambling. But I think there is a difference too. Maybe there is a high return after investing in such coins, but the chances of that are very low. Moreover, currently investors are very careful about placing money in such coins. That is why although there are some similarities, trading and gambling are completely different.
We all know here that there is no other main reason that trading can give us but profit. But before we can do or achieve passive income in trading, it is not really easy to do this. Because like others, they know that knowledge and experience are important in crypto trading.
If you or we are serious about the trading we will do here in the crypto space, we will not think that trading is just like gambling, but for people who enter this field of crypto trading that it is no different from gambling, they are the typical people who are in a hurry to get a profit, just hoping for luck, lazy to study trading.
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So I think an experienced trader is much more valuable than a gambler.
There is no doubt about that. Gambling, in general, is a way to try your luck, but some people take it differently, and they are wrong. If you think that you can make money from gambling on a constant basis, then you are wrong, and this wrong mindset is going to cost you money whether in the short or long run. If we do a survey asking people who took gambling as a source of income how it went, barely 5% of them would say it worked for them because it's not meant for that purpose.
Trading, on the other hand, can be a career choice because if you gain enough knowledge, increase your experience, have a good budget, and learn to stay patient in certain situations, you can make good money from trading in the long run. It's all about making the right decisions at the right time.
Yes, I agree with you, because gambling entertains people and takes money from their accounts. Gambling attracts people so much for entertainment that a person sits at their door with money all day long. Gambling creates mental stress on people. On the other hand, if a trader or a prominent businessman invests with experience and knowledge, then he can earn good profits from it. Because a businessman is never dependent on luck, his experience and skills are effective and he can use them to earn money periodically. If a businessman comes to the right stage and holds the investment for a long time, then he is able to earn good money from it.
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Many say that trading is similar to gambling if it is not based on good knowledge and experience about trading. Becoming a trader takes a long time to always learn and practice, because the crypto market is unpredictable. And sometimes the analysis we make is wrong so we experience a loss. However, with good experience, we can manage finances and risks so that we can minimize the losses we suffer.
The people who say they are similar, those people may not understand the fundamental matter of trading and gambling. If they know trading requires knowledge and skills, they will be aware that it is different with gambling. We know gambling doesn't require specific knowledge, we only needs to understand the way to play the gambling games. It is because gambling is luck-based matter. Meanwhile trading needs specific skills, ability, and sufficient knowledge. Without these, we only will have a big risk and the chance to lose money. In trading, knowledge determines many the success.
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Many say that trading is similar to gambling if it is not based on good knowledge and experience about trading. Becoming a trader takes a long time to always learn and practice, because the crypto market is unpredictable. And sometimes the analysis we make is wrong so we experience a loss. However, with good experience, we can manage finances and risks so that we can minimize the losses we suffer.
The people who say they are similar, those people may not understand the fundamental matter of trading and gambling. If they know trading requires knowledge and skills, they will be aware that it is different with gambling. We know gambling doesn't require specific knowledge, we only needs to understand the way to play the gambling games. It is because gambling is luck-based matter. Meanwhile trading needs specific skills, ability, and sufficient knowledge. Without these, we only will have a big risk and the chance to lose money. In trading, knowledge determines many the success.
Actually its not that hard to understand in between or the differences in between trading and gambling on which its literally that different when someone do it. Trading would only become a gambling is on the time that you wont be putting up any analysis into it and thats the moment or time that it would become gambling but if not then you are actually doing it. You are the ones will be making out such adjustment at the time or moment you do deal up with it. Entertainment thing is totally different when we do compared out on something that could bring up profits like trading or something that you can be able to make it as a source of income once you do able to grasps then its something that will be that on advantage. So it will be that up to you on how to deal up with things accordingly.
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Especially gambling and trading are different things. Gambling depends on luck. And trading depends on you, your skills and hard work. Being a trader is more interesting than being a gambler. Because why would you rely on your luck? From this you will develop yourself as an experienced trader. If you can use your hard work and skills effectively, you will be able to accumulate profits in your account. So I think an experienced trader is much more valuable than a gambler.
A plus +1, well said. I think that most newbies traders will argue that both trading and gambling are the same or might have similarities probably because of some occasional market uncertainty. However, i have said this before that both trading and gambling are not the same, if there is similarity, it becomes when a trader loss on a trade and when a gambler loss a game in my opinion.
Now, just like you have mentioned, gambling is characterized with luck, while trading is basically on knowledge and market experiences overtimes. A gambler can predict the outcome of a football match without any basic knowledge, just watching at the team involved, place a bet, and a win/loss outcome simple! There are no formal lessons or education to start gambling.
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Especially gambling and trading are different things. Gambling depends on luck. And trading depends on you, your skills and hard work. Being a trader is more interesting than being a gambler. Because why would you rely on your luck? From this you will develop yourself as an experienced trader. If you can use your hard work and skills effectively, you will be able to accumulate profits in your account. So I think an experienced trader is much more valuable than a gambler.
A plus +1, well said. I think that most newbies traders will argue that both trading and gambling are the same or might have similarities probably because of some occasional market uncertainty. However, i have said this before that both trading and gambling are not the same, if there is similarity, it becomes when a trader loss on a trade and when a gambler loss a game in my opinion.
Now, just like you have mentioned, gambling is characterized with luck, while trading is basically on knowledge and market experiences overtimes. A gambler can predict the outcome of a football match without any basic knowledge, just watching at the team involved, place a bet, and a win/loss outcome simple! There are no formal lessons or education to start gambling.
Trading becomes gambling when you don't have the knowledge of trading and choose to trade, it means you are gambling and that's what majority of traders are doing nowadays. This is why only few traders make profits in trading. However, if you take your time to learn the skill, gain the knowledge, understand the market and come up with your own trading strategy, you are not gambling but trading. Trading is a skill, gamble is entertainment.
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Especially gambling and trading are different things. Gambling depends on luck. And trading depends on you, your skills and hard work. Being a trader is more interesting than being a gambler. Because why would you rely on your luck? From this you will develop yourself as an experienced trader. If you can use your hard work and skills effectively, you will be able to accumulate profits in your account. So I think an experienced trader is much more valuable than a gambler.
A plus +1, well said. I think that most newbies traders will argue that both trading and gambling are the same or might have similarities probably because of some occasional market uncertainty. However, i have said this before that both trading and gambling are not the same, if there is similarity, it becomes when a trader loss on a trade and when a gambler loss a game in my opinion.
Now, just like you have mentioned, gambling is characterized with luck, while trading is basically on knowledge and market experiences overtimes. A gambler can predict the outcome of a football match without any basic knowledge, just watching at the team involved, place a bet, and a win/loss outcome simple! There are no formal lessons or education to start gambling.
Trading becomes gambling when you don't have the knowledge of trading and choose to trade, it means you are gambling and that's what majority of traders are doing nowadays. This is why only few traders make profits in trading. However, if you take your time to learn the skill, gain the knowledge, understand the market and come up with your own trading strategy, you are not gambling but trading. Trading is a skill, gamble is entertainment.
well organized explanation. Exactly trading isn’t gambling when one is knowledgeable and dedicated to the market with a better strategy but when one isn’t knowledgeable about trading then that gambling cause you are predicting the market not sure of where the market movement will be and where it won’t be. A lot of traders that are profitable and successful in trading have knowledge and they really study so much about trading and they become profitable and understand the market more than normal retail traders.
+1
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Trading becomes gambling when you don't have the knowledge of trading and choose to trade, it means you are gambling and that's what majority of traders are doing nowadays. This is why only few traders make profits in trading. However, if you take your time to learn the skill, gain the knowledge, understand the market and come up with your own trading strategy, you are not gambling but trading. Trading is a skill, gamble is entertainment.
True. Trading can be the same as gambling if we gamble without good understanding and we have no proper knowledge. There are some newbies who don't want to spend their time to learn, they immediately trade. This is very risky because the chance for losses will be higher. Ideally, before we start trading we must ensure that we have sufficient knowledge first. How we can have proper way in trading if we never learn trading? But there are always the people who don't care with a proper process in trading. So, it is not surprising if there are people who never get profits in trading.
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I noticed there was another thread on the same lines as this. A statement was made in both OPs about trading and gambling (and the difference between the two) stating the case why they are not the same. As mentioned before, there is a distinction between trading and gambling but they are much closer than many people accept.
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Most of the time, both online and offline, there has been some argument relating to the title of this thread. Some people think that trading is just based on luck, like the way gambling is basically dependent on how lucky the player can be. In trading, there are some trading tools and parameters that traders use to analyze the market. Despite the fact that the crypto market is quite unpredictable all the time, traders and some market analysts use most of the trading tools to analyze the direction of the market, and that's what gives them the insight to make some predictions that could actually be correct. Some market predictions may not actually be 100%, 90%, or 80% accurate, but in most cases, they could be around 60–70% accurate, and some traders will advise you to make sure you "take profit" where you have met a good sum of profit. It is better to take a profit than to wait for your prediction to actually be 100% of the price you expect to sell.
The crypto market is very dynamic, and despite the fact that crypto enthusiasts cannot actually be 100% accurate about the direction of the market, that doesn't mean that trading should be handled as gambling. As a trader, it's good to keep learning and developing your own personal strategy that can help you win in the market; otherwise, you'll experience more losses than profits.
Also, there are different kinds of trading, such as grid trading, spot trading, forex trading, and futures trading. Those kinds of leveraged trading, such as futures and forex, are a bit more risky than spot trading. Spot trading is what I actually prefer because it is just the normal buying of a coin or token when the price is okay for you, and you can sell after the price spikes a bit and generate little profit for you.
Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
I believe there is a filament between trading and gambling. When one trades in what may be termed investment based on hypothesis, then I would rather not tag it gambling, but when the approach to trading is with a mindset of money-making shortcut then it does begin to resemble gambling. So, it all depends on the motive and method with which one is trading.
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I noticed there was another thread on the same lines as this. A statement was made in both OPs about trading and gambling (and the difference between the two) stating the case why they are not the same. As mentioned before, there is a distinction between trading and gambling but they are much closer than many people accept.
Nothing new was asked, and the cycles repeat due to confusion between gambling and trading, but they did not specify whether it was futures or spot.
But I believe it is futures; if you do not know anything about trading, it is gambling because if you do not have risk management and you let the price hit your liquidation, you gambling expecting for bounce but honestly based on my experience there's no bounce just what happen today if you set position on short with RSI oversold then you would likely lose due to news impact. Technical analysis isn't enough. If you want to be successful in trading don't focus on technical but also fundamental because Bitcoin price today isn't the same as before there are lots of things influence the price of Bitcoin. If you don't know both of them technical and fundamental then you are gambling.
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Trading becomes gambling when you don't have the knowledge of trading and choose to trade, it means you are gambling and that's what majority of traders are doing nowadays. This is why only few traders make profits in trading. However, if you take your time to learn the skill, gain the knowledge, understand the market and come up with your own trading strategy, you are not gambling but trading. Trading is a skill, gamble is entertainment.
True. Trading can be the same as gambling if we gamble without good understanding and we have no proper knowledge. There are some newbies who don't want to spend their time to learn, they immediately trade. This is very risky because the chance for losses will be higher. Ideally, before we start trading we must ensure that we have sufficient knowledge first. How we can have proper way in trading if we never learn trading? But there are always the people who don't care with a proper process in trading. So, it is not surprising if there are people who never get profits in trading.
- The only problem is that some newbies in crypto trading are in a hurry to make money so often when they carry out trading activities they just hope to depend on luck in which is not what they are doing right. And this often happens only to them.
Because most newbies also ignore the necessary lessons, they do not know that this will be the key for them to get profit in the near future. And they do not accompany it with serious decisions so they always lose like gambling that gamblers always lose in the end.
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- The only problem is that some newbies in crypto trading are in a hurry to make money so often when they carry out trading activities they just hope to depend on luck in which is not what they are doing right. And this often happens only to them.
Because most newbies also ignore the necessary lessons, they do not know that this will be the key for them to get profit in the near future. And they do not accompany it with serious decisions so they always lose like gambling that gamblers always lose in the end.
I have met many people who beloved in cryptocurrency and later they get disappointed because they expect much higher returns from their investment. It is not due to the fact that they are new to penny stock trading but due to the fact that they are very much confident that they can make money without realising that it also involves risks. However, it is not wrong to have hope, but if aimless, the outcome is quite distant. That which you learn today may not bring you benefits now, but it helps you avoid a great loss in future. Specifically, when it comes to achieving success, you do not have to do it at the initial steps rather you have to ensure that you have set the required base right from the onset even if this takes some time.
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I noticed there was another thread on the same lines as this. A statement was made in both OPs about trading and gambling (and the difference between the two) stating the case why they are not the same. As mentioned before, there is a distinction between trading and gambling but they are much closer than many people accept.
Nothing new was asked, and the cycles repeat due to confusion between gambling and trading, but they did not specify whether it was futures or spot.
But I believe it is futures; if you do not know anything about trading, it is gambling because if you do not have risk management and you let the price hit your liquidation, you gambling expecting for bounce but honestly based on my experience there's no bounce just what happen today if you set position on short with RSI oversold then you would likely lose due to news impact. Technical analysis isn't enough. If you want to be successful in trading don't focus on technical but also fundamental because Bitcoin price today isn't the same as before there are lots of things influence the price of Bitcoin. If you don't know both of them technical and fundamental then you are gambling.
Of course, as newbies, they should not try futures trading, because they can be liquidated quickly, which is why the risk in futures is higher compared to spot, right? Because in spot, at least they have control over their assets.
Then their funds will not be lost quickly when they conduct their trading activities in the spot. While in gambling, everything is almost the opposite of trading.
Even if they don't study, they can win a large amount if they get lucky.
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Trading and gambling both involves taking financial risks while being uncertain of the outcome but isn't the same as gambling. In trading, you can build an edge over time by developing your trading skills, using fundamental and technical analysis and adopting risk management while in most gambling platforms like casinos, they have a built-in house edge over their users. In trading, you trust your skill to help you gain profit at the end of the day while in gambling, you purely depend on chance and luck.
It's better to learn about trading, master it and earn from it than believing that you can do same in gambling and get same positive results
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Trading and gambling both involves taking financial risks while being uncertain of the outcome but isn't the same as gambling. In trading, you can build an edge over time by developing your trading skills, using fundamental and technical analysis and adopting risk management while in most gambling platforms like casinos, they have a built-in house edge over their users. In trading, you trust your skill to help you gain profit at the end of the day while in gambling, you purely depend on chance and luck.
Yep. We can make efforts to increase the chance to get profits in trading. Keep learning, get more experience, and many other ways to improve our ability. Meanwhile in gambling, there is no way to increase the chance to win the prizes if it mostly relies on the luck. Sure, we can trust our ability/skills in trading, but it can't be applied in gambling.
It's better to learn about trading, master it and earn from it than believing that you can do same in gambling and get same positive results
Sure, if you want to earn money regularly, it is better to focus on trading. We only spend money in gambling, the goal is for fun or for entertainment only. Don't expect much for earning money constantly in gambling.
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Then their funds will not be lost quickly when they conduct their trading activities in the spot. While in gambling, everything is almost the opposite of trading.
Even if they don't study, they can win a large amount if they get lucky.
However, gambling is way riskier than trading in futures since you are able to analyze the price action and know where to enter and exit. The possible profit if we compared them on slots if you analyze the market well, you can also make a huge profit in trading; some swing traders can even make a 1:10 to 1:20 risk ratio. The only advantage of gambling is that if you are lucky, you could make more than 600 times your bets.
About on the spot trading, you need to be patient here; buy only at a cheaper price and hold it for a long period of time. You could make a large profit on some new coins newly listed on the market because the volatility is high, but it is riskier than holding Bitcoin.
Since Bitcoin is less risky, we know if there's positive news about Bitcoin expect for an incoming price surge. Buy in the support area; if it fails and breaks, we can DCA and buy again at the next support area. That is simple DCA you can also do this on a bullish trend; just always make sure to buy in the retail zone or where the price drop or where the demand zone is it is far from gambling, where you could lose the whole capital. The same goes to futures.
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Trading and gambling both involves taking financial risks while being uncertain of the outcome but isn't the same as gambling. In trading, you can build an edge over time by developing your trading skills, using fundamental and technical analysis and adopting risk management while in most gambling platforms like casinos, they have a built-in house edge over their users. In trading, you trust your skill to help you gain profit at the end of the day while in gambling, you purely depend on chance and luck.
Yep. We can make efforts to increase the chance to get profits in trading. Keep learning, get more experience, and many other ways to improve our ability. Meanwhile in gambling, there is no way to increase the chance to win the prizes if it mostly relies on the luck. Sure, we can trust our ability/skills in trading, but it can't be applied in
Exactly we can increase the possibilities of chances of profits than loss in trading with knowledge, strategy, analysis and understanding but in gambling one can’t increase the possibility of winning by knowledge or any form but just luck that why it call gambling, as the name might implies. If one can increase possible chances of winning then many might have been in gambling with all their life savings but it don’t goes that way it all about luck and little understanding, trading is far different from gambling you need knowledge to understand many things in the market and make a profitable entry’s and avoid loss and not only knowledge many little things add to it for example technical, fundamental analysis, economical news headline and more.
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Exactly we can increase the possibilities of chances of profits than loss in trading with knowledge, strategy, analysis and understanding but in gambling one can’t increase the possibility of winning by knowledge or any form but just luck that why it call gambling, as the name might implies. If one can increase possible chances of winning then many might have been in gambling with all their life savings but it don’t goes that way it all about luck and little understanding, trading is far different from gambling you need knowledge to understand many things in the market and make a profitable entry’s and avoid loss and not only knowledge many little things add to it for example technical, fundamental analysis, economical news headline and more.
Trading indeed involves mental and logic preparations and not just attempting to get the outcome as is wished for. From my point of view, the achievement in this world does not depend on luck separately. Timing has to be precise and this is in relation to entering the market and exiting the market and that comes with experience and observation. The only difference with gambling is the space for progression or the ability to progress. One can always learn from a loss and be smarter in the next decision to be made. Indeed, in gambling, one just prays that a random number or an outcome will favour him. If not, then it is all over gone without any hint that will tell you what to take as saves that can be evaluated.
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Exactly we can increase the possibilities of chances of profits than loss in trading with knowledge, strategy, analysis and understanding but in gambling one can’t increase the possibility of winning by knowledge or any form but just luck that why it call gambling, as the name might implies. If one can increase possible chances of winning then many might have been in gambling with all their life savings but it don’t goes that way it all about luck and little understanding, trading is far different from gambling you need knowledge to understand many things in the market and make a profitable entry’s and avoid loss and not only knowledge many little things add to it for example technical, fundamental analysis, economical news headline and more.
Trading indeed involves mental and logic preparations and not just attempting to get the outcome as is wished for. From my point of view, the achievement in this world does not depend on luck separately. Timing has to be precise and this is in relation to entering the market and exiting the market and that comes with experience and observation. The only difference with gambling is the space for progression or the ability to progress. One can always learn from a loss and be smarter in the next decision to be made. Indeed, in gambling, one just prays that a random number or an outcome will favour him. If not, then it is all over gone without any hint that will tell you what to take as saves that can be evaluated.
On the moment that you do find yourself expecting something from trading like making money or simply you've been imagining that you are already making big profits with it, then you are just that basically putting up yourself on huge disappointment once the reality would be slapping into your face. We do know that this isnt how simple on dealing up with this volatile market.
There's no assurance and there's no guarantee that you can be able to make money at the moment that you do step your foot into this market. It is a wrong mentality that you do fixated yourself into something positive but you arent that looking into the negative probabilities that could be happening. This is why its important that you should know on what you are dealing on with.
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On the moment that you do find yourself expecting something from trading like making money or simply you've been imagining that you are already making big profits with it, then you are just that basically putting up yourself on huge disappointment once the reality would be slapping into your face. We do know that this isnt how simple on dealing up with this volatile market.
There's no assurance and there's no guarantee that you can be able to make money at the moment that you do step your foot into this market. It is a wrong mentality that you do fixated yourself into something positive but you arent that looking into the negative probabilities that could be happening. This is why its important that you should know on what you are dealing on with.
So true. In other words, we must know the risks we face and we must also be prepared for the risks we will take from trading itself. Because trading is not as sweet as crypto influencers show. In reality, it is just as difficult as ordinary trading in the real world which requires seriousness in making careful analysis and planning. Nothing is easy at all, especially in managing emotions in trading itself.
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On the moment that you do find yourself expecting something from trading like making money or simply you've been imagining that you are already making big profits with it, then you are just that basically putting up yourself on huge disappointment once the reality would be slapping into your face. We do know that this isnt how simple on dealing up with this volatile market.
There's no assurance and there's no guarantee that you can be able to make money at the moment that you do step your foot into this market. It is a wrong mentality that you do fixated yourself into something positive but you arent that looking into the negative probabilities that could be happening. This is why its important that you should know on what you are dealing on with.
So true. In other words, we must know the risks we face and we must also be prepared for the risks we will take from trading itself. Because trading is not as sweet as crypto influencers show. In reality, it is just as difficult as ordinary trading in the real world which requires seriousness in making careful analysis and planning. Nothing is easy at all, especially in managing emotions in trading itself.
Many influencers present trading as very easy to sell trading signals or various types of services. And they give financial advice to many people for trading. Seeing this, many people rush to trade. Because at that time they think of trading in such a way that they will become rich or can earn regular income if they go there. Because those who influence represent trading in this way to sell their services or signals. Therefore, if someone starts trading by trusting someone else's analysis outside of their own personal analysis, then their loss is inevitable. However, many people do not want to accept these things and fall into greed.
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Exactly we can increase the possibilities of chances of profits than loss in trading with knowledge, strategy, analysis and understanding but in gambling one can’t increase the possibility of winning by knowledge or any form but just luck that why it call gambling, as the name might implies.
Yep, it is difficult to increase the chance to win if it mostly relies on the luck. I know some gambling games are skill-based games, but the luck factor also has the role in those games. So, luck is the main factor in gambling. It is quite different with trading because trading mostly relies on knowledge (trading ability). Experience also has a role here, but the knowledge is the main factor.
If one can increase possible chances of winning then many might have been in gambling with all their life savings but it don’t goes that way it all about luck and little understanding, trading is far different from gambling you need knowledge to understand many things in the market and make a profitable entry’s and avoid loss and not only knowledge many little things add to it for example technical, fundamental analysis, economical news headline and more.
Sure, knowledge is a must in trading. Meanwhile in gambling, people even can play it without having good knowledge about the games. Slots is one of the games that people can play it although people just know it. However, for the games like Pokers, people must understand it firstly. But it is not only about skills, to win it we must have good luck as well. Meanwhile in trading, it is all about the ability. Yep, we must know both technical and fundamental analysis. We also need to update the news/issues related to the coins and crypto space.
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Many influencers present trading as very easy to sell trading signals or various types of services. And they give financial advice to many people for trading. Seeing this, many people rush to trade. Because at that time they think of trading in such a way that they will become rich or can earn regular income if they go there. Because those who influence represent trading in this way to sell their services or signals. Therefore, if someone starts trading by trusting someone else's analysis outside of their own personal analysis, then their loss is inevitable. However, many people do not want to accept these things and fall into greed.
What is the main job of the social influencers? I guess the answer will be making more view on their videos so that they can earn more and sometime they also act like market maker for the crypto project and they use to manipulate the market by their influence power and have some high payment from the crypto projects.
If I say something about the main point then, they are main work is to increasing their views and for that they have to always say that positive things about the sector what they related. Like and social influencer who is in the crypto his first work will be always trying to catch the attraction of his audience so that they can share that and as well increase their views and also their network. So in some cases they also promote those words or the product they shouldn't be so don't always relay on their statement verify by your own self.
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On the moment that you do find yourself expecting something from trading like making money or simply you've been imagining that you are already making big profits with it, then you are just that basically putting up yourself on huge disappointment once the reality would be slapping into your face. We do know that this isnt how simple on dealing up with this volatile market.
There's no assurance and there's no guarantee that you can be able to make money at the moment that you do step your foot into this market. It is a wrong mentality that you do fixated yourself into something positive but you arent that looking into the negative probabilities that could be happening. This is why its important that you should know on what you are dealing on with.
So true. In other words, we must know the risks we face and we must also be prepared for the risks we will take from trading itself. Because trading is not as sweet as crypto influencers show. In reality, it is just as difficult as ordinary trading in the real world which requires seriousness in making careful analysis and planning. Nothing is easy at all, especially in managing emotions in trading itself.
Many influencers present trading as very easy to sell trading signals or various types of services. And they give financial advice to many people for trading. Seeing this, many people rush to trade. Because at that time they think of trading in such a way that they will become rich or can earn regular income if they go there. Because those who influence represent trading in this way to sell their services or signals. Therefore, if someone starts trading by trusting someone else's analysis outside of their own personal analysis, then their loss is inevitable. However, many people do not want to accept these things and fall into greed.
If we look at video influencers, it seems easy to trade and make a profit, but in reality, when we do trading ourselves, it's not that easy. This is just a way to attract people's attention to follow them.
trading requires knowledge and experience, it takes a long time to become a professional trader.
for beginners, it is better to seek knowledge and always practice so that you can become a great trader
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If we look at video influencers, it seems easy to trade and make a profit, but in reality, when we do trading ourselves, it's not that easy. This is just a way to attract people's attention to follow them.
trading requires knowledge and experience, it takes a long time to become a professional trader.
for beginners, it is better to seek knowledge and always practice so that you can become a great trader
Very true, it won't be as easy as we think. Those influencers are probably experienced traders, it makes sense if they easily get profits. They must have good knowledge, they have a lot of experience, and they understand well the market condition. So, we don't easily follow them if we are still beginners or newbie traders. It is better to learn the basic matters and we just trade with small money. We don't be too obsessed to get a lot of profits as the influencers.
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If we look at video influencers, it seems easy to trade and make a profit, but in reality, when we do trading ourselves, it's not that easy. This is just a way to attract people's attention to follow them.
trading requires knowledge and experience, it takes a long time to become a professional trader.
for beginners, it is better to seek knowledge and always practice so that you can become a great trader
It is right here that something that is posted on the social platforms is done with the aim of creating awareness which is not the real thing. Most people portray it as sweet thing to trade while there are many things that one need to know in order to read the real market. As soon as you decide to swim in the water and jump headfirst you will see that every decision entails certain risk. In my opinion, the best key to success is the possibility to learn more, to correct your actions and to do not get tired after the first failure. Trading is not only about having trading that is opening and closing trades and positions but also, it involves developing a frame of mind that is impregnable. If you can understand this process you can find your way of evolution little by little.
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Exactly we can increase the possibilities of chances of profits than loss in trading with knowledge, strategy, analysis and understanding but in gambling one can’t increase the possibility of winning by knowledge or any form but just luck that why it call gambling, as the name might implies. If one can increase possible chances of winning then many might have been in gambling with all their life savings but it don’t goes that way it all about luck and little understanding, trading is far different from gambling you need knowledge to understand many things in the market and make a profitable entry’s and avoid loss and not only knowledge many little things add to it for example technical, fundamental analysis, economical news headline and more.
Trading indeed involves mental and logic preparations and not just attempting to get the outcome as is wished for. From my point of view, the achievement in this world does not depend on luck separately. Timing has to be precise and this is in relation to entering the market and exiting the market and that comes with experience and observation. The only difference with gambling is the space for progression or the ability to progress. One can always learn from a loss and be smarter in the next decision to be made. Indeed, in gambling, one just prays that a random number or an outcome will favour him. If not, then it is all over gone without any hint that will tell you what to take as saves that can be evaluated.
When we really trade, it really requires the right mentality, now in gambling, whether you are normal or not, you can still win if you get lucky, unlike trading, if your mentality is not right, there is no chance that you will experience a big profit here.
In short, as others say, trading is a skill that can be called unlike gambling is not a skill that can be considered that's why more people pay attention to trading
seriously because they know that there is a good future waiting for us here if we take this seriously 100%.
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I agree in the general sense because that is the main difference between gambling and trading, however when trading becomes reckless (no matter how much analysis there is) it is akin to gambling. The problem is compounded when traders contemplate when to sell to make a profit.
I agre with you, gambling is based on luck. that's all.
But In trading, needs skill, analysis, strategic, management of emotions etc. Trading is need experience and also knowledge about the coins and the projects.We should have good analysis and do research before buy the coins for trading.
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When we really trade, it really requires the right mentality, now in gambling, whether you are normal or not, you can still win if you get lucky, unlike trading, if your mentality is not right, there is no chance that you will experience a big profit here.
Both in trading and gambling require strong mentality. If you are not ready with the risks, it is better to cancel your intention joining it. Moreover in gambling, you must be ready to lose money because there is no way that you will safe from losing money. Gambling is the way to waste money.
In short, as others say, trading is a skill that can be called unlike gambling is not a skill that can be considered that's why more people pay attention to trading seriously because they know that there is a good future waiting for us here if we take this seriously 100%.
Sure, trading is about skills or ability. If you have no skills, it will have no chance to take profits. You need knowledge/skills because you should do analysis to determine the time for entry and exit. There is no way that you trade relying on the luck only.
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Sure, trading is about skills or ability. If you have no skills, it will have no chance to take profits. You need knowledge/skills because you should do analysis to determine the time for entry and exit. There is no way that you trade relying on the luck only.
This is so true, and the only one who can understand what you said dude is the one who really understands trading, Yes let's say that traders and gamblers are both risk takers. But Gambling and Trading are different categories, though they are the same business.
But with the growth of our capital, the risk level is higher in gambling and not in Trading. Though, both use money but in trading we use luck
but we must be knowledgeable in trading unlike in gambling, it really is not.