Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[Kennysplash]

I have tried all aspects of sports betting and I have discovered that making reasonable profits from it is not easy at all. In the end if you are not careful, it can affects one's finances negatively.

I don't do forex trading for now, but I see many testimonies of people saying they make consistent profit from it. But it seems I would need more capital for Forex.

Are you into both? Which do you think is better?

 

[Marcelino1]

although my own very strategy is different ,before I take it as a source of income ,I would always make sure that I am earning from it well ,I won't take it as a source of income if not that , forex trading is something with lot of risks ,to earn from it we definitely we need to consider a lot of things

It is important and necessary that before you take something as your full source of income you need to make sure that you are a master at it and you can make money consistently with it.

Those who take forex trading as their full source of income are professionals in Forex and most of them specialise in teaching newbies.

As a newbie you can also use copy trading and from there you can be able to learn from the experts.

 

[Wisdom01]

It is important and necessary that before you take something as your full source of income you need to make sure that you are a master at it and you can make money consistently with it.

Those who take forex trading as their full source of income are professionals in Forex and most of them specialise in teaching newbies.

As a newbie you can also use copy trading and from there you can be able to learn from the experts.

it's really good to learn ,I have really learnt my lesson , I can't place trades if I don't have ideas of what I am doing , the first thing to do is to actually place right trades , trading comes with lot of risks and I actually would consider a lot of things when I start placing trades to my satisfaction

 

[Marcelino1]

it's really good to learn ,I have really learnt my lesson , I can't place trades if I don't have ideas of what I am doing , the first thing to do is to actually place right trades , trading comes with lot of risks and I actually would consider a lot of things when I start placing trades to my satisfaction

This is why it is important and necessary for you to acquire proper knowledge of technical analysis.

If you have proper knowledge of technical analysis you will be able to predict the price of the market especially if you are a day trader.

Gambling around the cryptocurrency or forex market does not really make sense because you will end up losing a large chunk of your money before you can be able to learn your lessons.

 

[rush08]

Forex trading has edge over sports betting or gambling.
Forex trading is a good skill that can be a good source of income and livelihood for an individual who understands the market. If you understand the working trend , it is possible you can make profits from the market. Unlike the sports betting which are mainly based on luck....

 

[Marcelino1]

Forex trading has edge over sports betting or gambling.
Forex trading is a good skill that can be a good source of income and livelihood for an individual who understands the market. If you understand the working trend , it is possible you can make profits from the market. Unlike the sports betting which are mainly based on luck....

I have read the story of someone who has been a gambler for a long period of time and he makes a living out of it.

Sometimes I begin to ask myself whether there are strategies these kind of people use that others does not know. He said that he has never worked for anyone before.


There are also Forex traders who has these kind of stories. After all, they're both risky ventures.

 

[rush08]

I have read the story of someone who has been a gambler for a long period of time and he makes a living out of it.

Sometimes I begin to ask myself whether there are strategies these kind of people use that others does not know. He said that he has never worked for anyone before.


There are also Forex traders who has these kind of stories. After all, they're both risky ventures.

I do not think that there are any known strategy people use for predicting outcome in sports betting or any gambling. It is just mere luck that they are having winning.
The same thing could not be applied to forex trading, it is basically different as more analysis are required...

 

[Marcelino1]

I do not think that there are any known strategy people use for predicting outcome in sports betting or any gambling. It is just mere luck that they are having winning.
The same thing could not be applied to forex trading, it is basically different as more analysis are required...

Don't you think that there are people that do analysis in Sports betting?.

There are a lot of parameters that can be used to do analysis in sport betting and you can be very right most of the time like previous matches, team fitness, head to head and a lot of others.

When I was into Sports betting fully, I usually use these parameters to make my analysis and some of them usually come out correct.

But the thing is that just like any other business your prediction can go wrong, even in forex trading your prediction can also go wrong but I am not comparing Sports betting with forex trading in this context.

 

[Potuse]

Forex trading and betting are two different things entirely. You cannot compare gambling with investment and that is exactly the difference between the both. Forex trading is an investment while sport betting is a gamble and it is expected that forex trading is more better.

 

[Wisdom01]

Forex trading and betting are two different things entirely. You cannot compare gambling with investment and that is exactly the difference between the both. Forex trading is an investment while sport betting is a gamble and it is expected that forex trading is more better.

forex trading is really different from gambling ,the opportunity available to likely earn from the two differs ,that's why I don't even compare both of them , I have seen the risk that comes with gambling ,it's very much high and it's more of luck than strategy to earn from the platform ,so many gamblers have made loss , because if this ignorance

 

[Potuse]

forex trading is really different from gambling ,the opportunity available to likely earn from the two differs ,that's why I don't even compare both of them , I have seen the risk that comes with gambling ,it's very much high and it's more of luck than strategy to earn from the platform ,so many gamblers have made loss , because if this ignorance

We must not dispute the fact that both sport betting and forex trading comes with high risk but one is an investment and the other is a gamble. so there's no way we can compare gambling to investment. That is just the clear cut difference.

 

[a_jerobon]

We must not dispute the fact that both sport betting and forex trading comes with high risk but one is an investment and the other is a gamble. so there's no way we can compare gambling to investment. That is just the clear cut difference.

That is very true. One is an investment and the other is pure gambling. Why would you want to gamble your money away when you could invest and earn high amounts of profits.

That being said, it is best to take your time and learn forex trading than engaging in any form of gambling.

 

[rush08]

Don't you think that there are people that do analysis in Sports betting?.

There are a lot of parameters that can be used to do analysis in sport betting and you can be very right most of the time like previous matches, team fitness, head to head and a lot of others.

When I was into Sports betting fully, I usually use these parameters to make my analysis and some of them usually come out correct.

But the thing is that just like any other business your prediction can go wrong, even in forex trading your prediction can also go wrong but I am not comparing Sports betting with forex trading in this context.

Those prediction are not to be trusted as most times they fail and you end up losing your capital.
If those prediction works for you, I believe you would not think of leaving sports betting. The luck is only 10%.
There are no comparison with forex trading. Except you lack the knowledge, you will always make profits..

 

[btaliat]

Despite the fact that betting and forex may have the same features, there will always be difference even in their social reception. People may be proud to call themselves a forex trader than calling themselves a sport pundit. Most society always frown at making sport betting a major source of generating income for oneself.

 

[Potuse]

That is very true. One is an investment and the other is pure gambling. Why would you want to gamble your money away when you could invest and earn high amounts of profits.

That being said, it is best to take your time and learn forex trading than engaging in any form of gambling.

Sport betting is a game of luck but we shouldn't dispute the fact that there are so many people that take this type of gambling as their main source of income. It may be as a result of the fact that they win almost all the time and they are making gains overall in the business. I have couple of friends that does this.

 

[Omotunde]

In my opinion, both sport betting and Forex are bases on luck and there mode of operation is a little bit similar. I have tested both and I have the experience. You will
have to carryout analysis to arrive at the proper betting options to take in sport betting . It is similar in forex, because you will also need to do some analysis on the currency pair before committing your money on it. You can see that both is a little bit similar.

 

[rush08]

In my opinion, both sport betting and Forex are bases on luck and there mode of operation is a little bit similar. I have tested both and I have the experience. You will
have to carryout analysis to arrive at the proper betting options to take in sport betting . It is similar in forex, because you will also need to do some analysis on the currency pair before committing your money on it. You can see that both is a little bit similar.

You might say that both forex trading and sports betting have some element of luck.
But the percentage of luck for sports betting is higher than forex trading.
Many professional traders live their life trading daily and making good profits. The same can not be said of sports betting...

 

[Purebraz]

Both of them involves risk taking and only the brave can venture into any of them. It's all about preference, while some prefer betting, others prefer trading. For me, if I must venture into one of them, will go for sports betting because I don't have deep knowledge of trading yet.

 

[Marcelino1]

Those prediction are not to be trusted as most times they fail and you end up losing your capital.
If those prediction works for you, I believe you would not think of leaving sports betting. The luck is only 10%.
There are no comparison with forex trading. Except you lack the knowledge, you will always make profits..

Actually I am very strategically when it comes to Sports betting but most of the time luck is not on my side.

My winning percentage is about 70% but how Sports betting works is not like forex or cryptocurrency where you can take your profit at any time.

In Sports betting, if you analyse ten games and you win nine of them and lose one, then all your money will be lost.

 

[rush08]

Both of them involves risk taking and only the brave can venture into any of them. It's all about preference, while some prefer betting, others prefer trading. For me, if I must venture into one of them, will go for sports betting because I don't have deep knowledge of trading yet.

Yes of course, it depends on the individuals. While most people will like forex trading others will prefer sports betting.
Many people will like sports betting because it does not require much learning and experience.
Forex trading is more difficult than sports betting because of the expertise required...

 

[Marcelino1]

Yes of course, it depends on the individuals. While most people will like forex trading others will prefer sports betting.
Many people will like sports betting because it does not require much learning and experience.
Forex trading is more difficult than sports betting because of the expertise required...

Definitely, one of the major reason many people venture into Sports betting is because it does not require a lot of knowledge for you to venture into.

It is one of the easiest things you can go into on the internet. Whether you are losing money or making money is another story.

Forex trading requires you to have concise knowledge of technical and fundamental analysis before you can make profit.