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❓ASK Forex trading vs Sports betting, which is better?

Kennysplash

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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

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Both Forex trading and sport betting are a game of chance to me. In Forex trading you can loose all your investment at once if you calculation is wrong. This also happen to sport betting, sport betting is a game of either you loose or win and the probability to win is always very slim.
Sports betting maybe a game of chance but I don't think forex trading is a game of chance because you can make consistent profit from it provided you have enough knowledge of how it works.

People who mostly lose money are those who do not have enough knowledge of things like technical and fundamental analysis.

They mostly depend on luck in order to make profit and they end up losing everything. Another thing that makes people to lose money in forex is greed.
 

rush08

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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.
The ease involved in sports betting is what actually motivates people to play sports betting. It does not require any prior training or experience. It is a game anybody can play and win without having any experience.
While forex trading involve serious training and experience if you must be successful in the market...
 

Marcelino1

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The ease involved in sports betting is what actually motivates people to play sports betting. It does not require any prior training or experience. It is a game anybody can play and win without having any experience.
While forex trading involve serious training and experience if you must be successful in the market...
Definitely, Sports betting does not require any technical knowledge for you to venture into it. All you need to do is to register on a betting platform and deposit money and begin to play.

I think it is one of the major reasons why many people who are not ready to learn proper ways of making money always venture into it.

There are some betting platforms that even offer bonuses which means you can play for free.
 

rush08

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Definitely, Sports betting does not require any technical knowledge for you to venture into it. All you need to do is to register on a betting platform and deposit money and begin to play.

I think it is one of the major reasons why many people who are not ready to learn proper ways of making money always venture into it.

There are some betting platforms that even offer bonuses which means you can play for free.
Forex trading is far more professional than the sports betting. Forex trading is dignified profession recognized and most financial institutions use to make money for their organization.
It is a very good means of income and livelihood.
Unlike sports betting that does not require any experience, it does any education and training...
 

Marcelino1

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Forex trading is far more professional than the sports betting. Forex trading is dignified profession recognized and most financial institutions use to make money for their organization.
It is a very good means of income and livelihood.
Unlike sports betting that does not require any experience, it does any education and training...
Definitely, forex trading whenever you make a lot of profit you can withdraw them at any time because most of those platforms requires you to do your kyc before you start depositing and trading.

There are so many sports bookies that usually seizes people's money whenever they realise that you are winning consistently.

I have read some reviews online about some betting platforms that involves in this. What makes many people not to realise is that they hardly win.
 

rush08

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Forex trading has always been better than sports betting. Forex trading can give a good direction to ones life if it is taken seriously. I know of people who resigned from their present jobs and seeing how lucrative trading forex can be began to trade in the financial markets full time.
And they are living well and more comfortable...
 

Marcelino1

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No matter any kind of investment you want to make what really matters most of the time is your level of discipline and knowledge about it.

I have met some people who said that they are not interested in any other kind of online business except Sports betting and they are actually making some profit from it.

They always make careful analysis and they are highly disciplined set of individuals who does not allow their emotions becloud their sense of judgement.
 

Marcelino1

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I will always choose Forex ahead of sporting because it is easy to guide my trading not to loose everything I have invested but in sport betting is either you loose or win.
The chance to always win in sport betting is very slim and the whole money stake there will be gone.
Everything about sport betting is 50/50 which means it is either you win or lose. For you to venture into Sports betting, it does not require any kind of technical knowledge.

Forex trading on the other hand is a professional career because there are so many people who depend on forex trading for their daily income.

The both of them are very risky and you can lose money on the both of them also. In forex trading if you know how to manage your finances well, you can become successful.
 

rush08

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Though forex trading and sports betting exhibit similar traits but their comparison is really wide.
I rather be a forex trader than a gambler.
Forex trading can guarantee you a lifetime income and livelihood. Many traders are using it to feed themselves and take care of their families. Unlike gambling where no income is ever guaranteed...
 

Marcelino1

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Though forex trading and sports betting exhibit similar traits but their comparison is really wide.
I rather be a forex trader than a gambler.
Forex trading can guarantee you a lifetime income and livelihood. Many traders are using it to feed themselves and take care of their families. Unlike gambling where no income is ever guaranteed...
The comparison between forex trading and Sports betting does not make much sense. Like you have stated, there are people that use forex trading to feed their family and make a living out of it but the same thing cannot be said for Sports betting.

In forex trading you can decide to close a trade when you are making a loss but the same thing cannot be said for Sports betting .

When you are losing it means that if the game ends like that your money is gone. But in forex trading, you can cut your losses and keep the rest.
 

rush08

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Forex trading has always been better than sports betting or anything gambling. There are so many reasons why people people do not engage in sports betting or gambling.
Sports betting or gambling is a business that will sustain and make you rich. It is a game of luck, and that luck might not come to you.
Unlike forex trading, if you are experienced it is sustainable..
 

rush08

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Essentially, everything we buy or sell is trading money for the goods or services. Trading Forex has more variables to juggle with, hence more difficulties winning big, but at the same time more tools let traders have controlled prediction.

There are many tools that can be used in order to help traders make a more educated decision, however there is a factor of uncertainty that can’t be predicted.
Forex traders are their own boss - they can use various techniques to flick the odds in their favor. Thus, trading practically is more favorable for making money: lesser risk, subject to laws of supply and demand .

Sports betting is an activity of predicting sports results and placing a wager on the outcome and it has a bad ring to it, since most of the time it coincides with gambling.I personally ranked it this ratio Betting vs trading 0:2.
Forex trading is usually a trade between two people who are ready to exchange their currency. Forex trade is legitimate and recognized.
Many people it is their major source of income and livelihood.
If one could acquire the necessary training and experience, it could pay one for life
Sports betting on the other hand is a based on luck and not a good source of income....
 

Kennysplash

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Forex trading has always been better than sports betting or anything gambling. There are so many reasons why people people do not engage in sports betting or gambling.
Sports betting or gambling is a business that will sustain and make you rich. It is a game of luck, and that luck might not come to you.
Unlike forex trading, if you are experienced it is sustainable..
Forex trading is sustainable? One idea I always have about trading or gambling online is that it should never be your only source of income. In fact it should not even be your main source of income. So I wouldn't say it's sustainable, both are side hustles at best. But I still won't recommend either to anyone. Find something better doing.
 

Jisenku

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Both can be said to be based on luck, and both can be said to be based on information.

For instance, take sports betting:

If you are betting for or against a team winning, you could look at recent statistics of the team, the team composition, how they play against different players, and make a reasonable (if not certain) conclusion about who is going to win, and who is going to lose.

Forex trading can also be boiled down to that as well:

If you are betting on a currency's value to go up or down, you can take into consideration the political climate of the country, the economy, the statistics throughout the time the currency has been tracked, and many more things.

Stocks, Sports Betting, and the likes can all be classified as "gambling", but with enough intelligence and data, you could make very good evaluations and guesses on what would happen next.
 

Jisenku

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Both can be said to be based on luck, and both can be said to be based on information.

For instance, take sports betting:

If you are betting for or against a team winning, you could look at recent statistics of the team, the team composition, how they play against different players, and make a reasonable (if not certain) conclusion about who is going to win, and who is going to lose.

Forex trading can also be boiled down to that as well:

If you are betting on a currency's value to go up or down, you can take into consideration the political climate of the country, the economy, the statistics throughout the time the currency has been tracked, and many more things.

Stocks, Sports Betting, and the likes can all be classified as "gambling", but with enough intelligence and data, you could make very good evaluations and guesses on what would happen next.
Forgot to mention this in my original post:


Don't be dumb and think that this also applies to casinos

Don't be dumb and try to invest your money into playing slot games, roulette, cards, etc.

Don't be that guy

Please and thank you
 

btaliat

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@Lawnmowerman, there are different safe tools on betting websites these days. The only issue is that not all betting websites are fully utilizing them. For instance, there is option to withdraw your money if you are not sure of the remaining games when few or almost your prediction have come to pass. There are others that still pay you if you have only one prediction wrongly.
 

rush08

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Sports betting and forex trading can not be in comparison though they exhibit some similar traits.
I would rather choose forex trading as my major or primary source of my income over sports betting.
There are several reasons I would not choose betting, and one is that I have not seen any one who benefited from it....
 

btaliat

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For anyone that wants to test his luck, gambling may be better. But for someone that needs to test his analytical skill, forex is better. I have seen people making it in the two schemes just that gambling should not be seen as a realistic scheme to depend on.
 

Kennysplash

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I believe many people choose sports betting over forex trading because it does not require much learning and technical analysis. You know it's a game of luck, so it's easier to go for than forex that requires you to learn well before you start. But like you said, forex Trading has proven to be better than sports betting.
Sports betting and forex trading can not be in comparison though they exhibit some similar traits.
I would rather choose forex trading as my major or primary source of my income over sports betting.
There are several reasons I would not choose betting, and one is that I have not seen any one who benefited from it....
 

rush08

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I believe many people choose sports betting over forex trading because it does not require much learning and technical analysis. You know it's a game of luck, so it's easier to go for than forex that requires you to learn well before you start. But like you said, forex Trading has proven to be better than sports betting.
Yes sports betting is more popular for the people because you do not need to go for any lessons for you to start playing the sports betting. So people see it as an easy way because they do not spend any money for training.
While in forex trading you have to learn about it either through online or through classes....
 
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