Is Trading Gambling?
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- Опубликовано: 7 июл 2024
- In today’s episode, you’ll discover whether trading is gambling (and it's not what you think).
So go watch it right now...
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Finally someone is bold enough to declare trading is gambling. Good job sir.
I agree, it is gambling, It's betting money where and how far the market is going. So, unless somebody has a crystall ball, he's gambling :)
if you dont know what you are doing then definitely it is gambling
First you must define what is gambling
Meaning:a risky action undertaken with the hope of success.
So what is not risky in life?
We gamble every time we drive our car out there, There's a probability that some bat sh*t crazy accident could happen to us, but we practiced safe driving, we learned the rules, and with that, we hope that we'll safely arrived at our destination. What's not a gamble in life?
@@jamestan4659 @James Tan Why not?
1. There's a risk
2. There's a reward
3. There's a know how
4. There's luck factor involved (yes, a drunk person can sway into your way unexpectedly, a tree can fall right in front of you, etc)
an endeavor in which you buy something in hope that someone (not necessarily a fool) will buy it at higher price?
Ever heard retail business? Yeah there are all those added values, service, and so on. But the concept is the same.
People buy things at lower price, then sell it to those who need it at a higher price.
@Reggie Cyde I didn't think that people will actually answer my question lol. But okay, since we're at it might as well go at it.
Death, is actually not a process, it's the result. We gamble when we fight it, when we go to a doctor or going into operation room, we lose it then we die.
Taxes, it's a calculation, there's no way around numbers. But the act of paying it though is in fact a gamble in a sense.
We pay the government (risk) to do our responsibilities and maybe public facilities (reward), it's inherently a very low risk and low reward, the amount paid is not too much (at least for me) and the reward, well, sometimes taxes do get misused and when something happened, it's for public use.
Some people opt for higher risk high reward, they avoid taxes while at the same time enjoying what others enjoyed.
Rayner, you are by far one of the best teachers I've come across in years. You are concise, clear. You get to and cover material quickly. You have a contagious passion. Aside from trading, I truly hope that you would extend your RUclips channels to teaching mathematics or other subjects to students. You are a natural! Thank you for what you do and for being you, sir.
Dear Erick: I agree. Rayner is one of the best teachers. Although he could teach other subjects, the cynosure and allure of trading is his primary focus in order to build and maintain his RUclips captivation.
1: Strategy (basics take 2 year to learn)
2: Riskmanagement (1 year learning)
3: TA SL Entry
4: Take profit
What does TA SL Entry mean. I'm new to this.
@@edemont333 Technical analysis = TA
Stop Loss = SL
I believe that psychology is also important in trading. John 3:16. God bless!
@@ccc777z 100% true
Started to watch your videos and I love them I immediately subscribed. There's actually so much on one topic I dont even know what to watch first!!
Two Friends meeting after not seeing each other for a long time:
John: “what you up to?”
Mark: “oh, I am a goal trader in the football market”
John: “is that not gambling?”
Mark: “No, cos I trade out if a goal is scored”
John: “But you are risking money on the outcome, that’s gambling, isn’t it”
Mark: “No, cos, I am very knowledgeable of the teams and trends, together with likely inplay”
John: “I see, but you are hoping for a desired result right?, isn’t that gambling?”
Mark: “No, cos I’ve done my research, and the implied probability is with me”
John: “Oh OK, but what happens if no goal is scored?”
Mark: “ah, well, that’s the good bit, I would then TRADE out”
John: “ Great, if no goal, then you would TRADE out with a win, is that right?”
Mark: “No, I would make a loss, but I never chase those loses, I move on to the next TRADE”
John: “So you would lose money if no goal is scored? Isn’t that gambling?”
Mark: “Well, yes, I suppose”
Hiding behind a computer screen gambling, is no different to going into a smoke filled Bookies on a Saturday afternoon. All the internet has done is to “gentrify betting” so one’s friends and family are sold the “Trading” story 😊
In every trade you buy low expecting to sell high. So, if forex trading is gambling then every trade is gambling.
in my opinion trading blindly without any regard of strategy is gambling(please do not attack me its my opinion ok)
@@merie1140 YES, Trading without strategy is gambling not only in forex but in gloceries and any other business. You cannot buy tomatoes at any price at any where and hope to make profit.
Every trade is gambling, forex is a scam.
First you must define what is gambling
Meaning:a risky action undertaken with the hope of success.
So what is not risky in life?
"Hey Hey! Whats up my friend!?" Always hilarious!!! Thanks for yours videos Rayner!!
Went through d comments and i like d way y'all justfied dis trading/gambling talk. It took my confidence frm Zero to 100.
Hakeem Said: Your said comment concerning confidence is a carrier for covetousness. It is difficult to determine where stock prices will go from one minute to the next, or the next hour, day, month, and year -- is difficult. Many shoo-in stocks didn't shoot up with the markets.
For me, Trading is not gambling.
Because the more knowledgeable one is, the clearer it is.
Much appreciation Rayner.
Those who trade in cash equity as a swing trading and selling the stock after taking the delivery in their demat account are not gambling. They are the only real traders who are doing business in stock market because they are actually selling something to others which exist apart from that all forex, intra day, f&o and short sellers are all gamblers as they sell virtually thing which they do not have any possession.
Hence if you have a possession of stocks which you are holding and selling it then you are not a gambler.
You are doing a business like traders of the physical market of this world.
Those who agree then please like and reply.
It is gambling for me, you just trying to make it feel good for you. We bet on patterns mate and there is a chance we read or predict the charts wrong and lose everything.
One word... stop loss
And also consistency = not gambling
1234shabir thanks b
He has ball of steel to say this that trading is gambling
Love your videos bro🙌 And your knowledge🙏 Feeling so down by these comments from friends and family that trading is gambling! But you cleared my doubts beautifully 👌👏🙏
Just saw this now, you're 100% correct, this is one subject I know particularly well, and the things that have happened since this was posted support your claim
Nice that you're being transparent
The biggest thing that differentiates trading from gambling is the ability to stay in the sidelines. It’s like only playing poker when you have a royal flush. It’s also the similar in lots of ways but at the end of the day, it doesn’t matter what you call it as long as it pays the bills.
what you're describing is actually hand selection at the poker table, how often you play pocket aces vs how often you play 4-5 offsuit is often the most important part of becoming a profitable poker player
I like to think of trading as if you are the casino. You may lose a few trades, but you win in the long run since you have the house edge (RR and/or winrate)
What makes you think you have the edge over the market?
@@JarodM He's not saying he has an edge over the entire market. He's saying he generates an edge for every trade before entering that trade
@@youtubeuser3357 Thanks for the clarification~👍
@@JarodM your original comment was correct. U can't have an edge over the market in the long run you lose
Thank you so much for this concrete response sir. I love sincere people like you. I just subscribed to your channel
Definition of gambling is future trading 😁😁😁
Trading Forex or Stocks or Commodities is Not gambling because you are Providing useful service to the society. In gambling you do not render useful tangible Service . If trading forex or Stocks or Commodities were to be termed gambling, then every other business if buying and selling would be called Gambling . This is my personal Opinion
I totally agree with your definition brother... if trading is a gambling every business would have to be considered as gambling.... just like other businesses tradomg is also a business... because just like other businesses in trading also you invest in an instrument which you think is going to earn you money once others understand the wprth of that instrument
@@jamestan4659 It seems you recently made some serious losses trading the markets....
To Rayner Teo: At 1:23 minutes: BINGO! Thank you, Rayner. This is what I wanted to hear from a scholar like yourself. I had my notions that this was gambling; since it is a game of chance. I commend you. This is music to the ears of the moralists and admonishes them to be circumspect, cautious. Classic reasons why we view and glean the Biblical words of the disclaimer -- and a virtual grilling by certain brokerages before signing up? If one can lose -- or win, it is still gambling.
It is true, though, that one can create and obey his rules and system; however, this is *never any guarantee* that one will come out unscathed. He may often correctly cut losses, but can eventually get cut by the *Chinese torture of a thousand paper cuts.* Akin to the Bible, certain spiritual applications applied may not be appreciated by the contumacious children of the devil.
You're the first guy ive come across whose smart enough to admit that trading is gambling... We all make educated gueses and we are rewarded ( win ) or punished ( lose ) if we are right or wrong respectively... Exactly like sports betting
If you don't know what you doing it's gambling but if you 100% know what you doing it's trading because your have 80% percent u have control
If you don't know what you're doing, it's not gambling; it's donating money. If you know what you are doing, then it is gambling.
@@kallehallden4855 what?maybe you should check the meaning of gambling.
The difference between trading and gambling is that you have much more control and with enough risk management you can limit the loss. As for proper gambling, you are all in, and you either win or lose.
That control isn't good eough. You simple need to get the market right more often then not. It's like predicting a coin flip, but here you're also betting on the distance, not just direction. Good luck with that.
Hi, anyone knows any group chat/communities for beginner without any payment etc.
Hey reyner sir,
*We want u to make a video on how to trade on trendline + support/resistance*
*many beginners including me has a question that while looking for chart pattern should we see it in trend or in a range?
there's a video on that already
Sir best profitable indicator name
Hey my friend..i don't think that forex is GAMBLING..because we use many strategy and knowledge to do the trading..compare to normal gambling..unless if someone do not have the knowledge to do the trading..yes.. that is gambling...
To me .when we have the knowledge .to do trading.... but sometimes failed.. i would say RISK MANAGEMENT..not GAMBLING..
similiar we run a shop..but then the shop cannot make profit..
Can you get i mean..!!
Yes it is, if you expect to gain or loss the it is. Same goes for all trading such as investing in real estate, stocks and even taking the stairs and know that if you might miss a step.
hey rayner is xm broker good
Luvs ya brah! you said it simply. tops!
Yes but you can significantly minimize the losses with stop losses and proper emotion trading
Or smaller position size, but it doesn't matter if you don't have the edge. it only means you'll lose slower.
Can u make videos for day trading?
Is trading stocks a zero sum game? Why or why not?
How about futures and options?
Great content!
Options 👀
Love you Rayner
It is game of probability.yesssssssssssssssssss
Without watching this video , the simple answer is yes .
Hey rayner everyone agrees your point trading is gambling but is investment gambling please reply
when you gamble its a 50/ 50 chance you earn money or not knowing the outcome. when you trade forex and not knowing what you are doing yes its gambling. when you know what you are doing its not Gambling. if we do not set a proper definition on what gambling is that means everything will become gambling e.g LIFE, OPENING A BUSINESS, SCHOOL, GETTING MARRIED, LEAVING your HOME not knowing if you are gonna come back. :-)
Best comment so far
Nice
Yes it is a form of gambling based on probably of winning. .
in my opinion trading is not gambling. in casino there is no cut loss, strategy, unlike trading you can limit your loss.
If you limit your loss you also limit your profit and viceversa at the same time, It's 50/50 plus you're paying trading costs on top of it. Who do you think is really making money here.
I don't think you have played online casino games before.
hey Rayner ...tell me ..is an investment also gambling for the long term in blue-chip high-quality stocks?
well yes.. I also consider this point of view that without proper risk management and rules...all of a sudden...trading becomes GAMBLING....but....if somebody learns it as the professional ones..it then turns to the career....
therefore.. first learn the rules then play the game or whatsoever well...BY "EINSTEIN:"
You can also make a career out of gambling.
Everything is gambling, if you trust anything without perception
I like how, in every of your videos, theres a recap.
Hey hey trading is everything to
I like when he says Ya da ya da😄😄
Gold buying is also a glambing think man trading is not gambling look at realstate business
in a stock market, can everyone win?
Nooooo
For every trade where there is someone buying, another person is selling, so no, not everyone can win. What makes a good trader good at their job however is their risk management. A good trader will see those losing trades and close them in order to minimise losses, riding out the winning trades as much as they can; whereas a retail trader would hold onto the losing trades and short sell the winning ones.
Hi rayner,can u make a video how to find good/strong counter?
Sir, tell me a little about the Indian trading timetable
+ 1 2 1 3 4 0 1 4 5 3 8
Best profitable indicator name
Trading requires a lot of hardwork .. hardwork and luck doesn't fit together .
And what exatly is hard work you can do here? All you can do is bet on buy or sell, then you're up to the market's mercy.
@@nylixneylix8785 well "after" i "bet" on buy or sell,i can control my losses and profits and know when to get out
Stock trading isn't gambling -
tradingninja.in/is-trading-stocks-equal-to-gambling/
yo rayner how much do you make a month percentage wise
Caught d cough. ✌
my first day of trading i deposited $100 dollar usd am made a profit of $650 just in one day, as a beginner. just happened like a movie.
What happen in the long run?
Trading = Educated Betting
Life is also gambling, 10% are the wealthy while 90% are not.
If only 5% make consistant, then Why bother gambling? There are many other good jobs around, and gambling is only for the lazy. remember that gambling is zero sum game, meaning your profits are taken from other's losses. You take advantage of other's suffering
yes it is i can prove
Your gambling definition is wrong. Of course it is gambling. Your win is someone else's loss. It's a zero sum gamble.
Yes its gambling beacause of the money involve ,you get win and lose
trading is gambling with an edge
Do your research
NO
Hey hey whats up.. yeah trading is super gambling and u people love it to coreeee❤
If you don't do prior preparation you will have piss pore performance.
Prior proper preparation prevents piss-poor performance
Trading is a prediction 😅
Agree cause casinos or other gambling trick is luck(sorry for bad English) and trading is prediction
So, betting.
@@nylixneylix8785 so successful people like Edward Thorp. Edward Thorp,Billy Walters who are gamblers are just lucky?
@@santhoshkhati5157 I would like to see some evidence first.
@@nylixneylix8785 what evidence ha?
Simple people like big traders come to RUclips to teach so many can put their money on forex and they can take money from us.
If you have high margin then you win.
The game is Rich always wins.
Laws are more supportive to rich then middle class.
UNEDUCATED TRADER is a GAMBLER!
yea like this guy
So you are a gambler? I think your definition of gambling is misleading
Thanks Charlie ....there is a neutral article about the topic...(whether trading is gambling or not)trading-education.com/when-trading-forex-becomes-gambling
@@ahmedyasin4125 Thanks for that article 👍🏻
Heheeeeey whatsup maaa frenn
Trading is not a business. It doesn’t produce anything for the consumers. Trading is only transferring money from people who are better educated on how to trade from newbies who don’t know what they are doing
Reggie Cyde business produce product or service, trading doesn’t produce anything.
There are losses in business as well
FROM MAKH TIME HOOD LAUK👨🏿🦽👩🏻🦼👨🏾🦼
It’s only gambling if you’re wrong
Rubik trade Apps fraud Gambling 😂
No, man. You're simply wrong in this one.
Your gambling market is not a gambling, go off