Are gambling and trading really the same?

[DavetJack]

I still hear from many people that gambling and trading are the same. They are just saying that since there is profit and loss in trading, there is also profit and loss in gambling. But I think that gambling depends only on luck or there is no strategy that we can use that we can guess that we will be able to profit from here. But in trading, there is a complete difference, yes, although there is profit and loss here, if you know your personal knowledge or the principles of trading, it can be easily observed that what can happen in the future or how we can profit here.

Although I know this, I would like to get some more ideas from you that will help me easily explain to those people that gambling and trading are not the same.

          Express it with your knowledge and help make it easy to understand.

[Charles-Tim]

Gambling is not the same as trading. Do not expect profit from gambling unless you hit a jackpot but you can learn about trading and earn money. Not that easy at all because most traders are losing which makes some people call both the same but professional traders who have gambling experience will tell you that they are different but trading is very risky for those that do not understand it.

Learn about both to understand. But they are both risky. Not only gambling should be what people should think as risky. Trading is another.

[Asiska02]

Although I know this, I would like to get some more ideas from you that will help me easily explain to those people that gambling and trading are not the same.

The reason for the comparison of this two is that when a person does not know how to trade and want to claim smart of the market but fails, they begin to see those that usually win big in trading as only winning those trades as a result of luck and not actually a knowledge they have of the market. Those that were never successful in trading that tried to outsmart the market and were never successful are those that see trading as the same thing as gambling.

Gambling is base majorly on luck and that has been proven several times, but trading is base on your knowledge of the market and it gives more consistent wins than gambling because its not a thing based on luck but on knowledge of the market. They are two different things and I don’t see them interconnecting to be one because of their distinct features. Gambling is a game of luck and should be treated as such and trading should be treated as what deems fit for it which is knowledge based.

[TheGoodFella]

I think the only difference is that you can count on certain parameters with trading, but with gambling there's really nothing to hold on to, it's purely luck.

[Findingnemo]

In gambling there's win and loss not profits which is the key difference. I get it what you're are saying but those people who criticize doesn't even know what is trading they go for work and get paid for it and that's how their world revolves around so they are not open minded to see the reality on other things.

As long as you are making money via gambling people doesn't question you, so be cautious and stay in profits.

[sampoerna]

I still hear from many people that gambling and trading are the same. They are just saying that since there is profit and loss in trading, there is also profit and loss in gambling.

This kind of understanding is indeed still common among the people. In fact, just hearing about Bitcoin (not about trading, but only hearing about the name Bitcoin), they already assume that it is gambling, this is a misunderstanding that is already ingrained and very difficult to straighten out, because they hate Bitcoin and will not hear any positive value of Bitcoin. And this is still often the case in society, such as in my area.

In my opinion, whether trading is different or the same as gambling, will depend on the type and also the method. If you do trading without analyzing and only put numbers in the Future market or with leverage, with high hopes, and do not know the direction whether it will be profit or loss, because you just follow along, then it is not much different from gambling.

However, if we do understand the technique, there is an analysis in TA and FA, there are calculations, there are strategies, there is a second plan and so on, and there is a method when the market reverses, then it is trading. Although there is still a risk, but it is not as high as gambling.

[LogitechMouse]

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Although I know this, I would like to get some more ideas from you that will help me easily explain to those people that gambling and trading are not the same.

          Express it with your knowledge and help make it easy to understand.

Different people will answer this in a different way, so I'll try to answer this based on what I believe.

Winning on gambling is based on luck, winning on trading is based on strategy, knowledge, and decision-making. In gambling, if you lose your money on a bet, you will lose it all. In trading, if you lose your money on a position, you can reduce that losses through stop-losses.

Many people look at trading and gambling the same because there are many traders that are treating trading as gambling, but the reality is, they just don't have the things that they need to succeed such as knowledge, experience, and strategy. In gambling, you don't need those 3... or maybe the experience and knowledge might help, but gambling for me is purely based on luck. Luck will not work on trading, and if you will rely on luck in trading, chances of you losing is high.

[Azharul]

Gambling and trading is not same, but twice is also very risky for everyone. We also know that trading is one of the best profitable source in cryptocurrency market. But trading system must be very risky, if we can not understand in cryptocurrency market properly. When we understand clearly in cryptocurrency trade, then gradually we can earn huge profit from here. Because trading system depend on our knowledge and strategy. If we don’t understand clearly in cryptocurrency trade and start to trade, we must be losses from trade.

[Trongduy]

I still hear from many people that gambling and trading are the same. They are just saying that since there is profit and loss in trading, there is also profit and loss in gambling. But I think that gambling depends only on luck or there is no strategy that we can use that we can guess that we will be able to profit from here. But in trading, there is a complete difference, yes, although there is profit and loss here, if you know your personal knowledge or the principles of trading, it can be easily observed that what can happen in the future or how we can profit here.

Although I know this, I would like to get some more ideas from you that will help me easily explain to those people that gambling and trading are not the same.

Express it with your knowledge and help make it easy to understand.

Everything hinges on the player's skill level. If he's highly adept at managing capital and risk, he's an investor and has a significantly higher chance of winning than others. Conversely, if an investor lacks knowledge and treats the market like a casino, he'll quickly lose all his dollars within a few trades.

Crypto and gambling share a common trait in that they make us feel more excited and energetic, but this also comes with the risk of making unwise decisions. Investors should manage their assets well to avoid missing out on an uptrend.

[Stompix]

But in trading, there is a complete difference, yes, although there is profit and loss here, if you know your personal knowledge or the principles of trading, it can be easily observed that what can happen in the future or how we can profit here.

Trading is gambling, and traders should just admit it!
You trade based on prior events, just as with gambling, no matter what you try what knowledge you possess, you can't predict the future.
Just as nobody could predict Leicester winning the PL, nobody could have predicted hundreds of dumps that happen in crypto, from covid to the war, from the MtGox hack to Bitstamp, from FTX to everything, and apart from a few insiders, nobody knew about the Trump non-sense.

Trading based on 30 days chart is no different than betting on Barcelona based on their previous 10 matches.

It's just that traders are too ashamed to admit they are doing as much guesswork as gambling addicts.

[Basedjack]

I still hear from many people that gambling and trading are the same. They are just saying that since there is profit and loss in trading, there is also profit and loss in gambling. But I think that gambling depends only on luck or there is no strategy that we can use that we can guess that we will be able to profit from here. But in trading, there is a complete difference, yes, although there is profit and loss here, if you know your personal knowledge or the principles of trading, it can be easily observed that what can happen in the future or how we can profit here.

Although I know this, I would like to get some more ideas from you that will help me easily explain to those people that gambling and trading are not the same.

          Express it with your knowledge and help make it easy to understand.

I think this is completely different because gambling is dependent on your luck, otherwise you can never predict the outcome of gambling. You can lose money from your fund due to gambling. On the other hand, being a businessman, although he faces some risks, if he adopts strategies in a wise way, he can move forward step by step. He can make his path easy. If he focuses on business, he will be able to accumulate a lot of profit from there. So I think it is very important and necessary to be a businessman rather than a gambler.

[albon]

Gambling and trading both involve financial risk, profit, and the potential for loss, but the two things differ significantly in terms of purpose, risk management, skill, and time management. For example, an experienced person can make short term profits from trading and with experience the amount of risk can be reduced. In contrast, gambling is primarily a recreational activity that has a high potential for financial loss over time.
You can suddenly become rich from gambling and suddenly lose all your money. Also, in gambling you can bet on any event and your outcome can be selected by luck. On the other hand, traders use research and analysis to make informed decisions so they try to minimize the role of luck.

[Mr. Magkaisa]

           -       Obviously, in gambling we gamble without any certainty whether we will win or grow the money we deposit in the online casino, in short, the casino is just a place where you waste the money that you have or we have.

While in Trading it is the opposite, although they both need to deposit money but not to play, but to invest in assets or Fiat that they will buy at a low price and sell when its price increases from the price they bought. But it takes more time and attention to study it.

[DavetJack]

I still hear from many people that gambling and trading are the same. They are just saying that since there is profit and loss in trading, there is also profit and loss in gambling. But I think that gambling depends only on luck or there is no strategy that we can use that we can guess that we will be able to profit from here. But in trading, there is a complete difference, yes, although there is profit and loss here, if you know your personal knowledge or the principles of trading, it can be easily observed that what can happen in the future or how we can profit here.

Although I know this, I would like to get some more ideas from you that will help me easily explain to those people that gambling and trading are not the same.

          Express it with your knowledge and help make it easy to understand.

I think this is completely different because gambling is dependent on your luck, otherwise you can never predict the outcome of gambling. You can lose money from your fund due to gambling. On the other hand, being a businessman, although he faces some risks, if he adopts strategies in a wise way, he can move forward step by step. He can make his path easy. If he focuses on business, he will be able to accumulate a lot of profit from there. So I think it is very important and necessary to be a businessman rather than a gambler.

Yes you are right but I still see many people saying that gambling and trading both work the same or in the same way. I basically opened this topic just to make them understand better so that I can easily explain to them that they are not the same and there are many differences.

[milewilda]

Gambling and trading both involve financial risk, profit, and the potential for loss, but the two things differ significantly in terms of purpose, risk management, skill, and time management. For example, an experienced person can make short term profits from trading and with experience the amount of risk can be reduced. In contrast, gambling is primarily a recreational activity that has a high potential for financial loss over time.
You can suddenly become rich from gambling and suddenly lose all your money. Also, in gambling you can bet on any event and your outcome can be selected by luck. On the other hand, traders use research and analysis to make informed decisions so they try to minimize the role of luck.

Trading- Investment/Business
Gambling- For fun and entertainment

Actually its not that hard to make out some differentiation among the two but its true that both do impose risks on losing money. It is just that the difference will be definitely
on the risks level on which its impossible that someone couldnt be able to look up into or making up some comparison. Trading isnt something that you can consider out to be some sort of fun
on which this do need up that serious approach because this is where you can be able to say that you can make a living with it but depending on the trading skills that you do have on which its totally opposite when you do play some games and making some stakes into it.