Post
Topic
Board Nigeria (Naija)
Re: The difference between gambling and trading.
by
AmaGold70
on 22/02/2025, 20:16:41 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.

I usually love it when people say something of what they know nothing about... I'll assure you that if that's how you see trading, then sign up with any broker and try to predict the financial or crypto market and see if you would make a single profit from the market without any knowledge.  Roll Eyes gambling on the other hand, you can go into any casino game and predict, even in sport betting, with just little understanding of sports, you can choose which team might emerge winners. In casino games, you just place your bets on any rounds and hope it comes out successfully. Don't mix things up that you don't know. You can't trade if you no nothing about fundamental, technical and psychological analysis..
You are on point @Hatchy, trading requires a deep understanding of the markets technical and fundamental analysis while gambling on the other hand does not require specialized knowledge or skills. Trading and gambling are two different things though despite their differences they still share some commonalities which makes it difficult for some people to differentiate them. Both activities involve risk, they can both be addictive, they can both evoke emotions such as fear and excitement.