Between futures trading and gambling - page 16.

harizen

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Quote from: Crypt0Gore on June 23, 2023, 12:29:06 AM

would you prefer to gamble in a casino and make some money or learn about futures trading and make some money?

Depends on the interest and the level of knowledge of both. Especially those who are involved in crypto for a long, they are surely well aware of how Trading Futures works therefore, they might have an interest in being a usual gambler while at the same time, slowly keeping up with the phase on Futures.

As for usual gamblers, especially those who didn't lurk on crypto most of the time, they might not be aware of Futures trading in general therefore, they will just keep on their usual gambling habit and activity. Maybe some are not even interested in crypto in general so I don't know how can they even consider doing Futures Trading even if they will know the potential of earning here.

As for some crypto-gamblers, they know Futures so sure but maybe most of them are not interested in too much technicality.

Quote from: Crypt0Gore on June 23, 2023, 12:29:06 AM

Which one do you actually find to be more easier and I believe that futures trading is also capable of giving someone life-changing money but which one do you believe is less risky than the other?

Risk will depend on how far the person is knowledgeable at those. What matter here is, risks can be managed in general. In usual gambling, luck is the main factor to win on either luck-based games or strategy-based games, while on Futures, although still need luck to favor the situation, the proper timing plays a critical role.

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Quote from: coin-investor on June 23, 2023, 06:17:05 PM

Casinos promote themselves as entertainment portals and many gamblers go there to have fun and hope to win money, this is something you cannot see in a trading platform, it's not an entertainment portal, and it's not fun trading to gain profit because there's a lot of works and hours involved.
The casino is not a place where you can make money it's where you go to have fun, whereas on a trading platform, your motivation is to make money.

people should stop comparing trading vs gambling. because we all know the end of each activity. but do take note that when you go to futures, you should know what you're doing, else, you can easily get liquidated. however, when you are in gambling, you don't need to study the games, because most of them just need common sense. however, even if you study them, the luck still play the major role in your winning.
whereas, in trading, the more you learn and collect experience, the better your chance of earning profits.

coin-investor

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Casinos promote themselves as entertainment portals and many gamblers go there to have fun and hope to win money, this is something you cannot see in a trading platform, it's not an entertainment portal, and it's not fun trading to gain profit because there's a lot of works and hours involved.
The casino is not a place where you can make money it's where you go to have fun, whereas on a trading platform, your motivation is to make money.

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Quote from: Crypt0Gore on June 23, 2023, 12:29:06 AM

would you prefer to gamble in a casino and make some money or learn about futures trading and make some money?

I know lots of people my not like my idea but I will rather go for casino and gamble than learning skills and go into future trading. I have been into both future trading and gambling before, but I noticed that when I was gambling, I was able to control myself, I was able to manage my lost, but when I was trading futures, I wasted lots of money which at the end I was regretting why I went to learn futures, I was getting addicted to future trading, I was just surprise how I got addicted to it, it’s kind of surprising and I haven’t heard about anybody being addicted to future trading before, I wasted lots of money, immediately I make any money, I ended up depositing the money in my future account and wasting it.

Quote from: Crypt0Gore on June 23, 2023, 12:29:06 AM

Which one do you actually find to be more easier and I believe that futures trading is also capable of giving someone life-changing money but which one do you believe is less risky than the other?

You know what the two is risky, but future trading is very dangerous because most people are after the money which they will be making, so they end up using high leverage since they are after high return which at the end, they will send up losing their money easily. The dangerous thing about gambling is that most people easily end up being addicted when it comes to gambling.

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Not everyone wins on futures trading, too.

It's important to know your risk appetite, and also where your attention will not be hindered. In gambling, you will literally enjoy every winning moment, or even the grind going there because of how interactive things can be. In futures trading, or just trading in general, it can get boring and tiring really fast. But once you get the hang of it, the boredom and the tiredness will not matter because you are already making bank from it.

I wouldn't really count on gambling to make money unless it's sports betting. Luck still comes into play in sports betting, but it isn't that much of a factor compared to other casino games out there.

klidex

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Actually, both have risks, it's just that the risk of futures trading has a smaller risk than gambling.
For me, to make a profit, I would prefer futures trading to make a profit because if in sports betting, if there is a surprise from the opposing club, of course we will lose everything we bet, but in futures trading, we can manage profits and losses with the strategy we have. .

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Quote from: Crypt0Gore on June 23, 2023, 12:29:06 AM

would you prefer to gamble in a casino and make some money or learn about futures trading and make some money?

Well, despite that, the market could be dynamic, but I will still choose future trading, if that's a choice where I only have to choose one thing. The reason is that, at least in the future trading, requires you to learn some skills that will help you earn more consistently than gambling (I just think so). In gambling, every day doesn't guarantee a profit, but in future trading, if you learn your trading skills very well and know how to manage your risk, your leaverage, and also the stop-loss or take-profit, then you will likely earn every day from future trading, even if the earning is very small, depending on your risk tolerance. But gambling means that if your money is gone at one stake, it's gone for ever. But for future trading, I could set my stop-loss limit Grin

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Quote from: Crypt0Gore on June 23, 2023, 12:29:06 AM

would you prefer to gamble in a casino and make some money or learn about futures trading and make some money?

I will choose Futures trading because I have more Interest in trading than gambling so I will not get bored when investing my time to better understand futures trading. For a serious gambler who likes the game, they will have the excuse that they are both for the purpose of making money so they will prefer more to gamble than learn something new that is as boring as futures trading.

Some gamblers may have the believe that within the time that they spend trying to learn futures trade, they would have been able to correctly predict some games and win some money while gambling.

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I would personally rather to learn and become pro-efficient on trading futures.
It is something I have not tried to get into because the risk of those kind of markets and the amount of leverage that can be used can easily lead to a rather quick liquidation.

In my eyes, the only difference between gambling and trading futures with leverage is that someone can have some idea on where the market is going to move, thanks to technical analysis; that is something which cannot be achieved in a casino, the same level of understanding and certainty.

Though, I won't deny that the amount of profit which can be gotten in the future markets can be impressive at times, so can the losses.

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Quote from: Crypt0Gore on June 23, 2023, 12:29:06 AM

would you prefer to gamble in a casino and make some money or learn about futures trading and make some money?

I prefer to play gambling because it's easier to understand for fun, but I don't promise any benefits here, it's all luck.
Futures trading is too complicated for me, I guess everyone is always different in what they want.

Quote from: Crypt0Gore on June 23, 2023, 12:29:06 AM

Which one do you actually find to be more easier and I believe that futures trading is also capable of giving someone life-changing money but which one do you believe is less risky than the other?

Both are risky, but futures trading requires skills that make them have to be more proficient in market analysis but it gives decent profits and many are successful in futures trading, but if someone can do in futures trading skills then that's what they often say in Between casinos is riskier.

coinerer

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Futures trading and gambling are almost one and the same because accurate prediction and analysis are require. In case of future trading a trader can take entry on any coin by setting his/her leverage as desired and if his prediction is correct and the price of that coin moves towards his target he gets profit and through future trading one can become rich in a short period of time like gambling. Again, Hughes may suffer losses in the short term. However, although there are some differences between gambling and futures trading, they are equal in terms of risk

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Quote from: Crypt0Gore on June 23, 2023, 12:29:06 AM

There are many gamblers that can gamble just to have some fun and make money in the process and there are some that focus on gambling only to make money so I would like to ask such people a question.

would you prefer to gamble in a casino and make some money or learn about futures trading and make some money?

Which one do you actually find to be more easier and I believe that futures trading is also capable of giving someone life-changing money but which one do you believe is less risky than the other?

You can actually do both things at the same time. It all depends on how you will handle these but you should never disregard the risks. Keep in mind the possibility of losing would always exist but these two will differ when it comes to skills. Trading especially in futures will take a long process of learning. It is not as easy as gambling where you will just choose where to bet and what to choose because it requires further understanding of analysis and dealing with the market's volatility. I must say that future isn't for everyone because it needs eagerness and willingness to learn and adopt knowledge.
In gambling, no matter how skills you may apply, your profit and earnings will still rely on your luck. Doing both is possible but challenging but it requires the presence of mind and focus. It also needs discipline and a proper mindset.

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Quote from: Crypt0Gore on June 23, 2023, 12:29:06 AM

There are many gamblers that can gamble just to have some fun and make money in the process and there are some that focus on gambling only to make money so I would like to ask such people a question.

would you prefer to gamble in a casino and make some money or learn about futures trading and make some money?

Which one do you actually find to be more easier and I believe that futures trading is also capable of giving someone life-changing money but which one do you believe is less risky than the other?

Actually both are risky. If you bet on a gambling platform, you won't get anything if you loses. The risk of losing your money is 100%. Futures trading, on the other hand, can instantly increase your money and drain it completely. The highest risk exists in both of the two platform. Since the two fields are different, the two should not be considered in the same dimension. We know there is a big difference between trading and gambling. As such it will depend on a user which one he feels comfortable. I like both but gambling is preferable to me. Moreover, there are wins and losses in gambling but it is comparatively much easier than futures trading.

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Quote from: Josefjix on June 23, 2023, 09:57:48 AM

Quote from: len01 on June 23, 2023, 09:26:45 AM

simple answer from my own experience.
I will be involved in both in my life because I need the entertainment from gambling and I also need to profit from futures trading. for me if gambling is used as a place to make a profit it is a wrong thought because gambling will not let its customers get profits every day and only professionals can do it.
while futures trading we don't compete against anyone but only technical strategies that we have to master to get profits so we don't need luck to get income from trading.

We choose the options that will work best with our plans rather than rushing into something that would not be beneficial to us and lead us to lose an enormous amount of money. They both play a significant role in the effort to live a better life. Gambling can result in huge losses if the odds are not well managed, but it also generate profits, trading is more legitimate and can be a reliable source of revenue. Although leverage allows for overnight huge winnings, trading futures is one of the fundamental, reliable ways to avoid short profits and losses.

For me, both have big risks with their own limitations, of course. I will do both when I am ready to lose, futures trading requires knowledge and the analysis we have to do must be really measurable, gambling for me is just for fun. If I had to choose between the two, futures trading would obviously be my choice, but while there may be other options besides that, such as spot trading, then I would choose spot trading to do. And indeed until now I have done that more often than I have made the choices discussed here.

uneng

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Quote from: Crypt0Gore on June 23, 2023, 12:29:06 AM

There are many gamblers that can gamble just to have some fun and make money in the process and there are some that focus on gambling only to make money so I would like to ask such people a question.

would you prefer to gamble in a casino and make some money or learn about futures trading and make some money?

Which one do you actually find to be more easier and I believe that futures trading is also capable of giving someone life-changing money but which one do you believe is less risky than the other?

I think both aren't comparable, because they are activities from different categories. One is gambling, the other is investment. We can't misunderstand those two concepts, because that is actually a big issue nowadays, since many newbies are seeing gambling as an investment opportunity, while it's not, so they put money they can't afford to lose on it and even worse: they borrow money to gamble.

If you are looking for life changing opportunities you have to seek for a job, so you can invest your wage on promising assets thinking long term. However, if you just want to try your luck and take risks in an attempt to grow your funds, you can try gambling. But keep in mind that is not something for people struggling financially... Otherwise, they are likely to have to struggle even more, potentially reaching nowhere in the end.

ryzaadit

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From what aspect you want to know ?

Knowledge ? or other. If you want to know more about from knowledge, "future-trading" need more knowledge rather than gamble. Because as you know, gambling are quite easy to be understand for playing the game.

You only need to know basic strategy playing the game, and the rest are depends on the section.

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Quote from: Oshosondy on June 23, 2023, 12:47:02 AM

Trading requires more skills, knowledge and experience, but it is not that far from the risks that gambling poses. If someone is not careful, future trading can wreck someone's life in just a few seconds, minutes, hours or days. But the chance to make more money is in future trading is higher if learned. If I should go for one, I will prefer to trade, but that does not mean I can leave gambling too because trading and gambling are different and I like the fun I derived from gambling. Some people are not gambling for money, but traders are not trading for fun.

This is indeed what I was looking out to read from many of the comments on this topic because even though trading is less risky and more skill-oriented than gambling, there is still no guarantee in future trading same as gambling. After all, even in future trading you speculate the price of the asset you want to trade on likewise in gambling you will have to speculate the team to either win or lose for you to win your bets that are in sports betting, and in in-house gambling games, what is needed is some form of skills experience to play the games and rely much on your luck.

So putting this into close consideration, it is now evident that both are very close in nature even though not closely related but their outcome is the same just the operational pattern that is different.

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Less risky? I guess it depends on the knowledge of the reader on how much he will weight the risk of doing futures trading and gambling. I personally stopped doing futures trading because I suck doing it and I experience consistent loss on it compared to gambling that I have strategies and experience to somehow able to win consistently. If spot trading and gambling is the topic, it's an easy answer, It would be spot trading because it's rare to see a portfolio going to zero because even if you are in loss, you still have an asset to cut that loss.

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I'll pick gambling here because even though future trading would've been better, i'd prefer to enjoy the money I spent. The easier between the two is probably gambling in terms of quickly picking up the mechanics but futures trading has less risk than gambling because you don't have to rely on luck most of the time. In the end, future trading still has risks because of how fast the prices can switch up/down, but I think you can alleviate that risk if you're skilled enough.

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Quote from: AbuBhakar on June 23, 2023, 09:51:48 AM

The purpose should be established first before dealing both futures trading and gambling. Gamblers playing gambling to have fun in the form of profit while traders are trading just to have profit and not for fun. You will enjoy gambling because it’s a for of entertainment while trading is a financial tool to get profit.

Both are risky but this 2 activities is far different and can’t compared to each other since they have different purposed of use.

You're explaining about a very clear distinction, there are two different purposes here. Someone does gambling with the aim of getting pleasure and happiness, if they are healthy gamblers then the first thing that comes to mind is not profit but a pleasant feeling that will grow after they do it. While trading is an activity whose main goal is long-term profit, this is very different from the benefits of gambling where the process of achieving results in these two fields is very different. I feel the results of these two are very different, when I get profits from gambling, regardless of the nominal, for some reason I am always dissatisfied and to be honest the money always runs out quickly, but if I get profits from trading I can really enjoy it even with a small nominal, I think maybe this is due to the difference in the results of the two different fields of income and of course the way to appreciate it is also different.

Topic: Between futures trading and gambling - page 16. (Read 1870 times)