Trading is not same thing as Gambling

[milewilda]

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.

[Bobcrypto]

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.

[Sim_card]

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.

[Nheer]

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

[UNIVERSE]

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.

[JollyGood]

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.

[Flydove]

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.

[BitMaxz]

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.

[Mr. Magkaisa]

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.

[Blaze]

        -      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.

[gunhell16]

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.

[rby]

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

[alltalk]

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.

[BitMaxz]

~snip~
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.

[Nheer]

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.