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[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?

 

[btaliat]

Sorry I disagree with you on this,I can predict market movement in forex but I can't predict betting team scores,so can't relate forex and betting together

I respect your opinion. But to be frank, for the fact that you cannot read or predict market trend in sport betting doesn't mean it cannot be read or predicted. The same way technical and fundamental analysis are used in forex, they are also used in betting. It is not possible for you to place winning on Arsenal if it is facing Man-City.

 

[Shahness]

I personally don't think both of these can even be compared because learning forex trading is like learning a skill, you can eventually get better with time and experience in the field. However if we talk about sports betting it's a form of gambling where luck matters more than skill and even if you try some of the winning cheats it won't take long for the casino to ban you since they are in the business to make money and will do anything in their power to make it happen.

 

[Kennysplash]

Forex is a long term, swing situation whereas sports betting is cut and shut, you win or lose. Forex trading involves buying and selling with spreads, margins, and leverages. (Leveraging is when you forex broker gives you additional funds to trade with, which is usually a fixed multiple of your own capital).

So you are in essence saying forex trading is better right? I know sports betting mostly rely on luck, but I think that can be said about forex too although it is quite minimal. The more technically you can analyse on forex the more you make more profit. But that is different from sports betting, a small odd can thrash a much bigger one and you watch your money fly away.

 

[Balint098]

Both are not even comparable, why even asking? Gambling has been banned in many countries, while forex is legalized in countries where gambling has been banned. Both involve some luck, and even a tiny external factor can make your bet/position compromised. Forex is still better, since in many countries it's heavily regulated, while gambling youre bust the moment you lose.

 

[btaliat]

Though the two are not comparable. This is because they don't work and recognize the same way. Forex is seen as a legal market that even countries partake in while betting is seen as legal but immoral in most countries. While forex endures the trader to be fundamental, technical and analytical sound, betting only want the punter to be predictively sound. With this point,forex is better than betting.

 

[Kubiat-Abasi]

Yeah, I know many people who makes a whole lot of money from forex trading and I can state categorically that forex trading is not gambling in anyway. When you talk about gambling then you should be talking about casinos and sports betting.
Anyone who does not have proper knowledge of cryptocurrency or forex trading is definitely gambling. So, what i mean in essence is knowledge is required to become successful in forex trading.

I would always prefer Forex trading. Forex trading definitely isn't gambling but it might be to those who trade randomly without having the foreknowledge of trading. I've gone through incurring so much losses on; sports betting, Hyips, Ponzi schemes and even mining apps. I would never allow anyone convince me ever again no matter the guarantee unless the person is willing to use his or her money to invest on my behalf, then I can go ahead.

 

[Kennysplash]

Both are not even comparable, why even asking? Gambling has been banned in many countries, while forex is legalized in countries where gambling has been banned. Both involve some luck, and even a tiny external factor can make your bet/position compromised. Forex is still better, since in many countries it's heavily regulated, while gambling youre bust the moment you lose.

I would always prefer Forex trading. Forex trading definitely isn't gambling but it might be to those who trade randomly without having the foreknowledge of trading. I've gone through incurring so much losses on; sports betting, Hyips, Ponzi schemes and even mining apps. I would never allow anyone convince me ever again no matter the guarantee unless the person is willing to use his or her money to invest on my behalf, then I can go ahead.

Of course, forex trading is more complicated compared to gambling. However it requires more capital to make reasonable profits compared to gambling that you can use almost any amount. Also, while gambling most times is based on just luck, forex requires good knowledge and technical analysis.

 

[Kubiat-Abasi]

Of course, forex trading is more complicated compared to gambling. However it requires more capital to make reasonable profits compared to gambling that you can use almost any amount. Also, while gambling most times is based on just luck, forex requires good knowledge and technical analysis.

I know Forex trading requires more capital to make profit. Although, I think I got a review that you can invest from $10 in Forex trading but at times people regard Forex trading to be more of Gambling because of its unpredictability and I presume it's due to ignorance that they don't understand the skills and technicalities needed to trade in Forex.

 

[Kubiat-Abasi]

I will definitely prefer forest trading to sport betting reason being that if analysis are being made on forest trading the outcome can be predicted and also in forest trading you can copy trade from professionals But talking About sport betting it is a game that depends on luck and chances.

You're right mate. Forex trading has some stop losses and indicators which can guide your trading outcome to curb or salvage the potentials of losses. It is not possible to have control of your prediction or curb losses in sports betting which is even more like gambling.

 

[Ridorz]

The sport bet and forex trading are almost the same because are very risk and unpredictable. But if you really have a good knowledge about a forex trading, it will good and better to invest on it than sports betting, because there are many people that I know making money from it, you will just need to dedicate your time for it.

 

[Kennysplash]

I will still choose forex trading over sport betting if am to be asked over and over again in forex trading it involves risk no doubt but if you carry out the right analysis and make use of all the necessary skills then your outcome can be predicted but when it comes to sport betting I will say that it is base on luck.

While it's true that betting is mostly based on luck, we can't really say forex always works out based on the analysis too. Sometimes things just go south when it's not even expected. So both of them has their own measure of risk, just that that of gambling is higher. At the same time we have to know that forex trading requires more capital than sports betting.

 

[Kubiat-Abasi]

The sport bet and forex trading are almost the same because are very risk and unpredictable. But if you really have a good knowledge about a forex trading, it will good and better to invest on it than sports betting, because there are many people that I know making money from it, you will just need to dedicate your time for it.

Well, sports Betway to me is almost like Gambling and Casinos because of the unpredictability. I still prefer Forex trading over sports betting. I prefer incurring losses on Forex trading because I must have learnt one or two invaluable asset whereas in sports betting, I don't see my gain rather losses at both ends.

 

[Ridorz]

Well, sports Betway to me is almost like Gambling and Casinos because of the unpredictability. I still prefer Forex trading over sports betting. I prefer incurring losses on Forex trading because I must have learnt one or two invaluable asset whereas in sports betting, I don't see my gain rather losses at both ends.

I do not even like a sports betting at all, because there is no certain prediction in it. But if you have a knowledge on a forex trading and you dedicate your time on it, you will surely gain a profits and you can get rich in forex trading. Though, some people get lucky on s sports betting too.

 

[Kubiat-Abasi]

I do not even like a sports betting at all, because there is no certain prediction in it. But if you have a knowledge on a forex trading and you dedicate your time on it, you will surely gain a profits and you can get rich in forex trading. Though, some people get lucky on s sports betting too.

Also, in Forex trading atleast you have the control of your invesment in your hands, depending on how skillful you trade. It is also better to trade in Forex because you can always learn indepth knowledge from the mistakes you make which would in turn increase your trading skills. Forex trading enhances one decision making skills.

 

[Dav1d]

Sorry I disagree with you on this,I can predict market movement in forex but I can't predict betting team scores,so can't relate forex and betting together

I think the only reason why I feel most persons mistake betting as same as forex or why some assume both are the same is simply cause of the high level of risk involved in both other than that, they are both very different things and should not be compared. Gambling or betting is mainly based on luck, forex on the other hand has tools and strategies needed to trade the market.

 

[Kubiat-Abasi]

I think the only reason why I feel most persons mistake betting as same as forex or why some assume both are the same is simply cause of the high level of risk involved in both other than that, they are both very different things and should not be compared. Gambling or betting is mainly based on luck, forex on the other hand has tools and strategies needed to trade the market.

Yes, you're right and apart from that, some traders are also users of Casinos and gambling sites hence, they tend to compromise their emotions by using their predictions method for gambling and Casinos to trade in Forex, forgetting that there are different altogether. In Forex trading there are strategies, indicators which can help to salvage losses and you can choose to pull out your investment but in gambling sites like all these hyips, your investment is not under your control when once you opt for it.

 

[dorcasy]

Both can be good if you apply the right principles.

For forex trading I think the safest is to do "copy trading", which is just following professional traders automatically on platforms like eToro and ZuluTrade (the platforms open the same trades in your account). If you try to trade by yourself you will compete with trading robots doing hundreds of fast trades every minute and it is very difficult to succeed. Investing in one robot like that is expensive also.

For sports betting, I think the best analogy to forex trading is actually "sports trading" on exchange platforms like Betfair (or exbet.io if you don't have access to Betfair). Sports gambling is not a strategy, is just a way to lose money in the long run. With sports trading you can for example place a bet and then sell that bet later if the odds are better (like in forex "take profit") and also sell the bet if the odds are worse (like in forex "stop loss").

With sports trading you are not risking your whole stake like in sports gambling. It might also be safer than trading with leverage on forex.

This is the contents have been looking for,well explained and elaborated on,if I am to draw conclusion from this post it's more advisable to stick to betting considering the risk involve.
Also forex is more like an advanced gambling site just that it involves technicalities.

 

[Kennysplash]

Yes, you're right and apart from that, some traders are also users of Casinos and gambling sites hence, they tend to compromise their emotions by using their predictions method for gambling and Casinos to trade in Forex, forgetting that there are different altogether. In Forex trading there are strategies, indicators which can help to salvage losses and you can choose to pull out your investment but in gambling sites like all these hyips, your investment is not under your control when once you opt for it.

Yeah, although I won't say these strategies and indicators are 100 percent right it is far better than sports betting. You can spend hours making research on a teams recent form and performance, you picked the best you think can win their games only for a relegation team to thrash them. So both are completely different.

 

[dorcasy]

Both Forex Trading and Sports Betting Is Two Type of Gambling But I think Risk Factor Is More In Sportsbetting than Forex Trading.In Sports Betting Need Immence Knowledge What You are Doing In Sports Betting Other Wise Leads to Loss of all Stakes In One Bad Bet So I think Forex Trading Is Better Option If No Knowdge and Experience In Sports Betting

It seems you are missing it up, I think forex has more risk compared to sport betting,in forex you are limited to buying or selling and no other options compared to gambling were you have different variations you can stake on.
In forex,you need to study the chart draw trendlines,use different time frame just to get a good entry.

 

[Kubiat-Abasi]

Yeah, although I won't say these strategies and indicators are 100 percent right it is far better than sports betting. You can spend hours making research on a teams recent form and performance, you picked the best you think can win their games only for a relegation team to thrash them. So both are completely different.

Yes, I don't think it's even debatable comparing Forex trading with HYIP sites, Ponzi schemes, Casinos and Gambling because they're completely different. Forex trading is one that has an effect on the economy and although no one has total control of it, some countries like the United States of America has an upper hand when it comes to Forex market and the news usually keeps people updated but you won't see the news talking about hyips, Ponzi schemes or gambling sites.