Re: Trading vs Gambling

Trading is different from gambling trading is based on 50% skills and 50% luck and gambling is purely based on luck.if you talk about profit then gambling can make you rich overnight provided you are lucky enough and trading can make sure you have reasonable and consistent profits provided you have skills and patience.Both have their pros and cons and if i have to choose one over the other i would go for trading less risky then gambling my coins away. Tongue

beside gambling can make you rich overnight, we have high risk too and chance to losing our money if we are not lucky. but in trading, once we are loss in value when the price is down, we still have a chance to make profit in the other day. the only thing that we need in trading is patience to wait until the price is rise again.

In my opinion gambling always been a bad option for someone who want to earn money by easy means, we can say it. Trading always been a profitable business from a long time and whereas the gambling has always been a worthless game of money. You cant lose more in trade but you can loss everything just in a moment in gambling.

Gambling is not an easy money, in some it is because the faster return of money and profit if they are lucky but in general its not. Its more on luck and good betting styles. In trading is a long term but a good source of profit to compare in gambling.

Both way of earning doesn't seem to be an easy earning. Everything is upon the investment we make over it, as well based on the luck one holds. Both provides an increased earning, but both has the highest risk. So to be successful in trading as well gambling 50% of luck is required and 50% skills is a must.

In trading you don't need luck the only thing you need is skills and knowledge about the market and if you are depending only on luck to make profits in trading then there would be no difference between trading and gambling and on the other hand gambling doesn't require any skills to win as it is dependent only on luck.