Any correlation between forex trading and betting in terms of analysis?

[Wiserr]

We all believe that there is a minor difference between the two things which is the sport betting and the popularly known forex trading or even forex investment, but we all believe that forex trading is embedded in analysis and also it has to do with knowing whether a particular product is going to either increase or decrease, and also failure in the correct analysis brings about Lost in the trading which is also related to failure, but correct analysis lead to earning passive income, considering the fact that I don't know much about all the process, but I believe that analysis is one of the major factor in forex trading, I also believe that the normal betting that we all know also has to do with with analysis and failure to do the necessary correct or analysis leads to failure, or lost but correct analysis list to success which is earning assive income. but I think forex trading is much more important and beneficial in the sense that one can earn passive income on it within short time without having any sort of problem, so what do you think is the major difference between forex trading and betting even though both of them has to do with analysis.

 

[Jasz]

With regards to the question of whether there is a correlation between forex trading and betting in terms of analysis, it's somehoew impossible to answer without more information. It would help to know more about the broader context for this question—especially what kind of analysis you're referring to.

For instance, there is some overlap between the analysis that underlies betting on sports games versus that which underlies forex trading, as both involve making predictions about probabilities and outcomes. This is especially true if you are looking at technical analysis in forex trading—whereas fundamental analysis is more likely to be analogous to the type of analysis done by bettors when it comes time to handicap sporting events.

But even this isn't a perfect analogy, because bettors have a much wider range of variables at play than forex traders do when it comes time to make predictions. So what kind of extrapolation you could make between these two types of analysis would depend entirely on how similar or dissimilar they are in terms of their scope.

I'll note that this answer also presumes that you're talking about gambling in sports as opposed to gambling in casinos—which might seem like an obvious distinction but which is actually quite crucial here because casino gambling involves no element of prediction.

 

[moonchild]

Yeah, because in both we are all looking at the past data to make decision that we hope will benefit us, so they kind of share that similarity, but the distinctive difference among the both is, in betting your past analysis is as random as flipping a coin, it does not affect the results in any way.

Whereas in trading, you can basically use past analysis to help you make decision, if price is at major support you can basically be sure in a probabilistic way that it's going to react even if there isn't a reversal, price will definitely react to. that support zone.