Is Trading the Same as Gambling?

This is a discussion on Is Trading the Same as Gambling? within the New to Trade2Win forums, part of the Reception category; Originally Posted by Windlesham1 A gamble is something over which you have no control. Poker players understand probability as do ...

Reply
 
LinkBack Thread Tools Search this Thread
Old May 7, 2017, 12:51pm   #441
Joined Apr 2017
Quote:
Originally Posted by Windlesham1 View Post
A gamble is something over which you have no control. Poker players understand probability as do options traders. Most directional trading is not managed and it is hard to quantify trailing stops etc.
But a shopkeeper is a gambler, a publican is a gambler as these are high risk businesses. Being a private landlord? You can lose a year's profits with one bad tenant-seen it so many times. So most trading is gambling as you have no control- with options you DO have an element of control. Trading forex is mostly a forlorn hope, I've never met a successful forex trader whose sole income was from forex.
Options is gambling with time and probabilities.

Most of the forex trading is pure gambling on a forex roulette wheel.

Only serious trading is ,if you trade like Warren buffet .
foroom lluzers is offline   Reply With Quote
Old May 18, 2017, 12:51pm   #442
 
6 Posts
Joined Apr 2017
trading is taken as gambling when you do not know what to do. Trading based on luck is like taking a shot in the dark and results are often similar as of gamblers. But with a well followed trading plan and proper risk management, trading is like a business. That’s the difference between those big percent of traders losing to some small percent of professional traders.
greg.darren is offline   Reply With Quote
Old Sep 25, 2017, 11:35am   #443
Joined Sep 2017
It totally depends on an individual’s definition of “gambling”, it may be a “yes” or a “no”. As per the Oxford Dictionary “gamble(as a verb)” is “to play games of chance for money or bet” and “take risky action in the hope of a desired result”.

So if we go by the definition of the Oxford dictionary we may conclude that any kind of trading or speculation in the financial markets most definitely is gambling where there are no chances of ‘ifs’ and ‘buts’.
hedgedequity is offline Other (Please email T2W with details)   Reply With Quote
Old Sep 27, 2017, 2:12pm   #444
 
Quantt's Avatar
Joined Jul 2017
The major difference is the odds are in your favor in trading (if you trade with an edge to make money), compared to the odds are in the bookies favor in case of gambling or if you trade with no edge in the market...
__________________
"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

My number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
Quantt is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Difference between trading and gambling N Rothschild General Trading Chat 60 Sep 16, 2013 3:35pm
Football gambling/trading - stragety and analysis r.j.e.turner Fixed Odds 23 Feb 24, 2013 7:14pm
Trading ,gambling and the bible Christiaan General Trading Chat 7 Nov 23, 2009 10:28pm
How to prevent trading turning into gambling... rav700 Psychology, Risk & Money Management 83 May 30, 2007 2:00pm
Trading... gambling! BeM Psychology, Risk & Money Management 12 Dec 22, 2002 10:24am

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)