Disliked{quote} All those words mean the same thing. Just saying. - RicIgnored
https://www.quora.com/Whats-differen...g-and-gambling
https://www.investopedia.com/ask/ans...d-gambling.asp
ask buffett if he's gambling or investing.
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Forex gambling? 83 replies
Is Forex really gambling 25 replies
Trading vs gambling 97 replies
Trading IS Gambling... 46 replies
trading or gambling? 14 replies
Disliked{quote} All those words mean the same thing. Just saying. - RicIgnored
Disliked{quote} I don't think so... yes there are words with the same meaning, but not the case.. https://www.quora.com/Whats-differen...g-and-gambling https://www.investopedia.com/ask/ans...d-gambling.asp ask buffett if he's gambling or investing.Ignored
Disliked{quote} From your Investopedia article: Speculation: Speculation involves calculating risk and conducting research before entering a financial transaction. A speculator buys or sells assets in hopes of having a bigger potential gain than the amount he risks. Gambling: Converse to speculation, gambling involves a game of chance. I ask again, will someone please explain the mathematical difference between, buying an asset in hopes of having a potential gain, and buy in a round of a game in hopes to have a potential game? Does one involve probabilistic...Ignored
Disliked{quote} From your Investopedia article: Speculation: Speculation involves calculating risk and conducting research before entering a financial transaction. A speculator buys or sells assets in hopes of having a bigger potential gain than the amount he risks. Gambling: Converse to speculation, gambling involves a game of chance. I ask again, will someone please explain the mathematical difference between, buying an asset in hopes of having a potential gain, and buy in a round of a game in hopes to have a potential game? Does one involve probabilistic...Ignored
Disliked{quote} From your Investopedia article: Speculation: Speculation involves calculating risk and conducting research before entering a financial transaction. A speculator buys or sells assets in hopes of having a bigger potential gain than the amount he risks. Gambling: Converse to speculation, gambling involves a game of chance. I ask again, will someone please explain the mathematical difference between, buying an asset in hopes of having a potential gain, and buy in a round of a game in hopes to have a potential game? Does one involve probabilistic...Ignored
Disliked{quote} Something with a probabilistic outcome does not make it necessarily gambling, as the article of investopedia says.Ignored
Disliked{quote} It has all do with positive expectancy, which exist in trading (business) not in gambling (game of luck)Ignored
DislikedDefinition of gambling (source investopedia) » Gambling Converse to speculation, gambling involves a game of chance. Generally, the odds are stacked against gamblers. When gambling, the probability of losing an investment is usually higher than the probability of winning more than the investment. In comparison to speculation, gambling has a high risk of losing the investment. For example, a gambler opts to play a game of American roulette instead of speculating in the stock market. The gambler only places his bets on single numbers. However, the...Ignored
Disliked{quote} Please quote the article where it says this. The only difference explicitly stated in the article is the degree of risk, however, the changing in degree of risk does not change the fact that you are waging/betting money on an "uncertain outcome" (according to the article). {quote} This is not explicitly stated in either link and also, having a positive expectancy does not guarantee a profit, hence you are still taking a gamble.Ignored
Disliked{quote} This leads back to what everyone who has mentioned this has failed to do. What is mathematically different from a game of chance and betting on uncertain outcomes? Also, you can create the exact same odds quoted in that definition in fx. For example, risk 1 pip to make 37 pips with a two-pip spread.Ignored
Disliked{quote} « Gambling refers to wagering money in an event that has an uncertain outcome in hopes of winning more money, whereas speculation involves taking a calculated risk in an uncertain outcome. » You do not believe what the article says and do not believe me if it is not in the article... Having a positive expectancy does not make it gamble because the odds are in your favor and it is not about luck, in opposite to gambling.Ignored
Disliked{quote} Again, we can agree to disagree because, in my opinion, you have no clue how probabilities work. You can still lose with an edge. Casinos have gone bankrupt even though they always had the edge by making bad bets. There is no mathematical difference between an uncertain outcome simply because of your individual actions before placing a wager on what the uncertain outcome will be. If you believe this, rationally it would make sense to think flushing my toilet 3 times will somehow affect the outcome of a coin toss, or dice roll, or trading...Ignored
Disliked{quote} The fact that you can lose in Trading even with a positive expectancy does not make it gambling. The difference is the positive expectancy and that it is not entirely luck.Ignored
Disliked{quote} My final response to you since we have both agreed to disagree and have had a very nice debate on this issue. If it wasn't gambling because you have an edge, there would be no bet a casino shouldn't take as long as they have the fund to match the bet, but this is not the case, because if they take too large of a bet, they can blow up, because they are waging money on an uncertain outcome, a game of chance, luck, a probabilistic outcome, etc... Thanks again for the convo, it has been a pleasure!Ignored