Post
Topic
Board Nigeria (Naija)
Merits 3 from 2 users
Topic OP
The difference between gambling and trading.
by
Joy- maker
on 20/02/2025, 23:29:18 UTC
⭐ Merited by Hatchy (2) ,Derekfunds (1)
I have gone through many threads in this forum and other forums and I came to understand that, alot of people in this forum and othe forums are still confusing trading to be gambling, which is very wrong, though they might look thesame, but they are not, even for the fact that it has to do with staking of money, gambling and trading are two different thing.

Gambling is said to be the process of someone trying to predict how a particular set of games will play, either in casino bet or any other bet, in other for the person to stake a particular amount of money and wait for the games to play, if the games play according to the person's prediction, then the person will win the games, but if the games play the other way round the person will lost the games.

And in gambling you have to watch the games play or you check the play result.

In gambling you can cash out when you see that the amount of money you staked has increased, that is if the games are no longer play according to predictions.

Now let talk about trading, trading has to do with buying and selling of assets in the crypto market, within a short period of time, either within a minute, an hour or in a day.

In trading you have to get full knowledge about the crypto market, in other for you to carry out technical and fundamental analysis before can be a to place a trade.

In trading you monitor the crypto market to enable to make quick decisions and react to the market fluctuations.