Topic: Between futures trading and gambling - page 7. (Read 1859 times)

Dont have any illusions, mate. Trading and gambling are like comparing a missile to a paper plane. One is systematic, analytical, and disciplined, the other is more like tossing a coin and praying it lands on your preferred side. You're right about the "quick buck" mentality, but remember, "quick buck" can turn to "quick losses" even faster.

Saying that one can "strategically" avoid losses in gambling is like saying you can "strategically" avoid rain in a hurricane. In trading, the information is your umbrella. Sure, you might get wet, but you are more prepared. Long-term, steady gains in trading create a fortress, while gambling builds a house of cards. No need to argue, case closed.

Is it really necessary to learn about futures trading before starting to make money there? No.

Two months ago I found two good trading masters on Bybit and started copytrading. One month, I copied one trader. Another month - another trader. The first month brought me more than +100% to my deposit. The second one brought me +28% more.

So, my answer is as following: futures trading may be even easier than casino.

If you talk about easy, it is going to be gambling. There's not much you can do while betting and it is so easy that even a child can do it. Gambling games and things are created in such a way that it is easy to do and more people will come and do it. But trading, especially future trading is not for everyone. It requires higher knowledge and experience. If not done with the right strategies, success is not possible.

Now about risks. Both contain significant risks. But one is manageable but the other one is not. In trading, if you know how to manage it, you can minimize your losses by risk management. Stop loss and knowing when to trade and how much will give you much more control over your losses. On the other hand, with gambling, if it's a loss, you will lose all 100% in a single go. There's nothing you can do after the bet has been placed.

I will not say that one is less risky but with proper knowledge and plan, you can control one but not the other.

Many people refer both as gambling because they involve making predictions and risk taking, but the risk involved in both  is very high and non should be compared to eachother when I comes to risk taking, games played from online gambling casino's are played based of the available odds while traders make predictions, based on previous market outcomes,volatility of price and trends from the market,also the odds of making huge sum of money in trading of a short period of time is very low compared to gambling where one just start gambling could luckily make a huge profit from it  in space of two days of beginning, therefore if one is looking for a quick access to make funds the you could refer to gambling whereas future trading requires long term investors.
 making a fortune in trading is common but just that it's normally archived over a long term and can last one for a life time whereas gambling is a short-term and should be considered as an option for life time investment also in gambling one could come up with different strategic means of avoiding losses while in trading you only avoid loss based on information gotten or given, and over a long period of time trading favours investors compared to the way gambling does to gamblers.

Both point is consider depending in particular situation, like what the post above you said in future trading you can control and adjust according to how you understand the market situation, and in comparison to what your opinion regarding to sport betting or poker which are classified as skill-based gambling, where you can also adjust accordingly, as knowledge with the game is very important for you to decide whenever you are placing your bets.

But along the way, still the influence of luck will shine high. Without it, this knowledge can still be burned when the outcome turn to the other-side.

With gambling, you can still predict the outcome of the game, maybe not all of it, but with proper research, you can surely increase your chances of success. I'm referring to skill-based gambling like sports betting and poker. However, if you think about slots or luck-based gambling, then you are solely relying on luck, and in the long run, you will likely lose due to the house edge.

Agree that both are risky but I still think luck gambling results cannot be controlled but futures trading to an extent can be controlled. If you do the proper research and analyze the data you can predict the outcome. It is somewhat like sports betting, although the outcome will be always in your favour is not guaranteed. Whereas luck gambling is completely controlled by the house.

In gambling, there may be management as we know it in trading. Maybe that's what's called expense management because we use the money to play gambling, so if we can't manage how much we use the money to gamble, our money will run out without us knowing it. So both of them have management in using their money, so I agree with you that self-control for trading and gambling is very necessary because there are people who trade who cannot know how much capital they should use to trade. That makes him use all-in mode on one coin in trading, but he can't analyze properly, so the opportunity to make a profit can disappear.

That is very clear and simple, all fields will have their own risks, and the two fields referred to here are gambling and trading in my opinion both have a very similar risk impact where psychological and mental will be the main targets that someone can feel. As for gambling, I agree with you that the level of risk in it is very high if you are too excessive in it. The self-control factor is very important in both areas, but there is indeed a slight difference in that the self-control factor in trading as you mentioned, requires one to have risk management, including stopping loss, take profit, maintaining psychological calm and other management to prevent us from what is called MC. Furthermore, in gambling, there is no risk management as I mentioned above, but from a psychological point of view, it is still very much needed here, where control in gambling is only needed when you experience defeat.

I can say that also as a slight advantage as if the market is not moving that fast you can still wait and hold if you use small leverage, and the chance of making some profits when strong bounce back take place, unlike with high leverage where the distance can burn everything in just a blink of your eye when market quickly move differently from how you expect it to be.

You always have the risk behind from both gambling and future trading. The option should be taken according to how you interpret and analyze the business.

Both are equally risky, but gambling is riskier because we can feel the pleasure of gambling, making us forget to control our gambling. And in the end, we only know that it turns out that we have lost all the money with nothing left. The risk of future trading is also the risk of making our money disappear, especially if we don't use the stop loss feature and choose Cross mode, which will use all of our balance to trade. But if you use Isolated mode, you will not lose all the money.

Maybe the low risk one is spot trading, where if we don't sell the coin when the price is decreasing, we still have a chance to sell at a high price, especially if the price can immediately reverse. But whatever it is, we must know how to reduce the risk so the loss will not be too big.

Good point. That "life-changing" reward that OP mentioned can also be achieved by just doing spot trading or those you have mentioned.

Maybe OP thinks that Future Trading is by far the most rewardable method in terms of advanced trading which can yield a high return. Might be true at some point but as always, high expected rewards are not that easy to achieve and it always associates with high risks.

It's just a matter of self-preferences though and interest. Even how profitable future trading, spot trading, investing in stocks, or the usual gambling in general, etc., without any interest from the person itself, they won't succeed at any options mentioned.

I can only see slight difference between gambling and future trading, the two is really risky and you are likely going to lose money easily from both gambling and future trading. If you are comparing gambling with spot trading, I won’t even think about it twice before choosing spot trading, because of the low risk, but am really scared of future trading. When trading futures, the higher leverage you use, the higher your profit will be, and the lower your leverage, the lower your profit. So most people are being pushed to use high leverage when trading just because of the high reward, which at they end you might end up losing everything you are trading with, but if you can maintain a very low leverage, then your risk is minimal.

Why does it just have to be about learning how to trade futures? How about learning how to trade options, or stocks, or simply how to invest properly.

As an advisor I thankfully have never had to make the decision whether I wanted to learn just one or the other, so I’ve learned both. I think anyone else has this same opportunity.

Agreed on the difference between futures trading and gambling. Learning will increase the chance of winning whereas the luck decides with gambling. Futures trading can be made successful through our regular market observation and through the prediction in connection to the growth. With futures trading one could loss, but the same won't completely empty the wallet. With gambling if we're unlucky we will go emptied.

if you happen to learn the strategic moves in futures trading, you will go home as a winner. and you can learn such tactics thru experience and reading as much info for the project. whereas, in gambling, even if you study hard the game esp the luck-based games, you will still go nowhere as it is based on luck.
but when it comes to trading, if you are patient enough to learn the tricks, you can earn your profits. it may not be big but you won't go bankrupt. for me, this is better than playing your chance in those casino classic games.

Gambling and trading are obviously two very different activities, gambling is based solely on luck and the sense that luck can give us, but if we don't see it, Trading has a lot to do with our Analysis and many things can happen, first when we make the right decision it translates into profits, and the possibility that the analysis is correct and that the result does not occur may fall, this is normal because sometimes the market tends to be quite volatile, the only analogy I can make between gambling and trading is that when you have profits Small profits should be taken, because this is something to be considered, because at least I think trading and gambling should be seen as a business, it's the only way to be profitable.

If we, in gambling or trading, want profits from one day to the next, everything will fail, because both in tradition and in the game you have to be very patient, you have to have a lot of stamina, and the truth is not to let all the money be lost, because that would be something very bad, when we run out of money we will run out of action, then an analogy between the two could be made for that , and well , when you have profits, if they are micro profits, you should take them, you should not risk them, because That is the key to have profits and be profitable all the time , but it is my way of thinking and seeing how it is possible to Earn Money.

You are right, we could liken gambling and futures trading to being faced with the option of choosing between a manual drive and automatic drive car, for those who like to be in control, they will chose the manual drive car which is the futures trading, in this, you don't just depend on luck, but your knowledge and skill is what will save or mar you ..

On the other hand, for many who are kind of lazy and don't want to stress themselves, they would choose the automatic drive car, which is the gambling, here, 90 percent of the time, every out come is left to luck and chance, you have absolutely no control to the outcome of a game session, even in sports betting, as the outcome of a match is non of your making, you can only be lucky to correctly predict the outcome.

It's true that no work is simple, and no matter what you do, you will discover that earning money is not simple. Gambling may seem simple, but if you aren't really into it, you won't understand the serious amount of work that goes into it. It can be irritating to analyse games and wait for them to succeed, but the danger involved shows that gambling is not a simple work.  Contrarily, nothing in life is guaranteed, and we can only hope that our circumstances turn out for the best. This is true regardless of the type of work we do, whether it be a white-collar job, gambling, or trading.

In the first place, we cannot really compare gambling over trading because in gambling, we seek entertainment and pleasure while also making money at the same time but in trading, I really doubt that we can even do that as there is no entertainment when it comes to trading and it's all pure money making only, and mistakes will be hard to carry as that will surely have consequences down the line.

Moreover, in gambling, we have the freedom to choose whether to play it seriously or foolishly especially in luck-based games while in trading, you of course cannot trade foolishly as that will just give you a bad outcome.