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Author Topic: Trading is not same thing as Gambling  (Read 34472 times)

Offline Mr. Magkaisa

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Re: Trading is not same thing as Gambling
« Reply #240 on: November 22, 2024, 09:44:16 AM »

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.

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Re: Trading is not same thing as Gambling
« Reply #240 on: November 22, 2024, 09:44:16 AM »

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Re: Trading is not same thing as Gambling
« Reply #241 on: November 22, 2024, 02:50:03 PM »

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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Re: Trading is not same thing as Gambling
« Reply #241 on: November 22, 2024, 02:50:03 PM »

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Re: Trading is not same thing as Gambling
« Reply #242 on: November 22, 2024, 02:56:52 PM »
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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Re: Trading is not same thing as Gambling
« Reply #243 on: November 22, 2024, 04:59:32 PM »
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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Re: Trading is not same thing as Gambling
« Reply #244 on: November 22, 2024, 09:08:20 PM »
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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Re: Trading is not same thing as Gambling
« Reply #245 on: November 22, 2024, 10:01:43 PM »
- 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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Re: Trading is not same thing as Gambling
« Reply #246 on: November 22, 2024, 10:37:55 PM »
-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.

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Re: Trading is not same thing as Gambling
« Reply #246 on: November 22, 2024, 10:37:55 PM »


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Re: Trading is not same thing as Gambling
« Reply #247 on: November 23, 2024, 01:18:03 PM »
-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.

Offline milewilda

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Re: Trading is not same thing as Gambling
« Reply #248 on: November 23, 2024, 02:00:43 PM »
-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.

Offline nakmantu99

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Re: Trading is not same thing as Gambling
« Reply #249 on: November 23, 2024, 03:55:19 PM »

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.

Offline laijsica

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Re: Trading is not same thing as Gambling
« Reply #250 on: November 23, 2024, 03:58:35 PM »
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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Re: Trading is not same thing as Gambling
« Reply #251 on: November 23, 2024, 06:04:49 PM »

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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Re: Trading is not same thing as Gambling
« Reply #252 on: November 23, 2024, 07:46:50 PM »
-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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Re: Trading is not same thing as Gambling
« Reply #253 on: November 24, 2024, 11:01:16 AM »
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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Re: Trading is not same thing as Gambling
« Reply #254 on: November 24, 2024, 01:37:27 PM »
-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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