Post
Topic
Board Nigeria (Naija)
Re: The difference between gambling and trading.
by
Freeveto
on 21/02/2025, 03:55:25 UTC
There is no much difference between gambling and trading, in gambling the gamblers are predicting the outcome of an event or games which may end up not happening the way they predicted while in trading the traders are speculating the price of crypto currency, in fact the process is just same since both have do with predictions.  both traders and gamblers has one motive, which is to make quick profit within a very short period of time. In gambling, analysis is required same with trading anThe risk of losing money in both is very high and they are always move by greed.
You are right, those who gamble and trade always focus on one thing, which is to make quick profits in a very short time. But I think you have no control over your own actions while gambling. You have to completely blindly trust the person whose game you are gambling on. You have to completely rely on your own luck whether you will win or lose. You can be completely calm at any moment, and at the same time you can see a very big profit.

However, while trading, you can control the amount of your trading depending on your experience, depending on when you will profit and when you will face losses. You can control the amount of your profits and losses. But this will all depend on your knowledge and experience about trading.
Yes, In trading, you are to take full responsibility of the outcome of your trade, whether you profit or not hugely depends on your strategy and experience in the market but not so when it comes trading.