Well future trading and gambling are literally two different thing. When you have good knowledge and principles on how trading works your way of trading won't be taken as gambling, but in a scenario when an individual have an half-size knowledge about trading and have this crazy mindset that trading is a get rich quick scheme.
Which may lead to you being reckless when it comes to trading, using uncontrollable leverages in order to keep on to that mindset of yours that trading is get rich scheme. And doing in so you may endup losing alot of your funds either by cutting losse at the wrong time or getting yourself liquidated due to the use of high leverages.
That why keep telling those that are new to the field of trading to not start their trading journey with future trading, but to first start by exercising spot trading first to gain more knowledge with lesser risk attached it. With that you be able to know how to manage your risks .
Topic: Maybe future trade is gambling (Read 930 times)
Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
Trading and gambling aren't the same thing but using high leverage in futures can turn trading into a gambling. For example, using 100x leverage results in twice the profit or liquidity on a 1% price movement depending on the position. In other words, although it isn't exactly the same, there will be a risk similar to high-low dice games and it will be possible to make money completely depending on luck (of course, the correct direction of movement can be determined with technical analysis but financial markets can also move contrary to expectations). On the other hand, using leverage between 2x and 5x is a very good advantage especially for individuals with low capital and it isn't a gamble because the slightest movements in prices don't cause these positions to become liquid or gain several times in a few seconds.
In summary, I can say that futures transactions aren't gambling if the correct leverage is used and technical analysis of the traded financial product is made but trading a financial product with randomly and high leverage without technical analysis is gambling.
I think futures trading is a form of gambling. I saw the last six months report of a younger brother who is very close to me. He knows about crypto from my younger brother. He was taught the holding trade. Meaning, he was given an idea of how to trade on the spot. But he can learn about how to trade futures with the help of YouTube. And without informing my younger brother, he slowly started trading futures. After six months, the condition of his family became very bad. He was born in a middle class family. Later, the area was talking about his loss. I found out from his family that he lost around 14 thousand dollars trading crypto. I told him the last time I saw him to buy bitcoins with all his wealth. But he didn't hear anything. Later he sold his grandfather's land and paid off all his loans. Later I came to know from him that he knows about futures trade from YouTube and lost all his dollars by trading without understanding the value of x.
Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
Trading in general could be gambling and at the same time not gambling depending on how the trader approaches the market.
It becomes gambling when you open your trading charts, see a trade going one direction and without properly spending time to analyze the market just dive in to the market and keep an expectation of a certain amount of dollars you want from the market and keep praying the trade goes your direction to meet your demand then you close the trade. And most atimes even when it gets to your expectation you leave it thinking more would come and you begin to struggle with your emotions and atlast trades like this ends in lose.
But on the other hand it's not gambling when you Do your proper analysis and backed up with your trading plan and you open your trade position and set a sl and tp and wait patiently for the results.
So, to newbies it's gambling in a way but more like a game for professionals so we need to learn till it becomes part of us then success follows.
No, it's not gambling. It's just that futures trading carries higher risks compared to spot trading due to the leverage involved. The higher the leverage used, the riskier the trade becomes. After learning that the victim was a devoted YouTube viewer, I became convinced that there was a mistake in the trading strategy.
We know that even people with good strategies can experience losses, so what can we expect from a YouTube content creator giving it away for free? Starting on YouTube isn't a bad idea for beginners, but using high leverage and large amounts of money when you're just starting to learn is a fatal choice.
Blaming futures trading as gambling because of losses isn't wise. In fact, there's no connection to gambling at all. If you still rely on 99% luck in every trading strategy of yours, then maybe that's what you're equating to gambling.
We know that even people with good strategies can experience losses, so what can we expect from a YouTube content creator giving it away for free? Starting on YouTube isn't a bad idea for beginners, but using high leverage and large amounts of money when you're just starting to learn is a fatal choice.
Blaming futures trading as gambling because of losses isn't wise. In fact, there's no connection to gambling at all. If you still rely on 99% luck in every trading strategy of yours, then maybe that's what you're equating to gambling.
Futures involve higher risks than, for example, spot trading. Perhaps this means perpetual futures, or maybe urgent futures. These are different instruments, but they are equally riskier than spot trading. The point is that profitable trading must have good price forecasts and competent risk management. Simply opening positions at random in different directions is not trading. This is a bad kind of gambling. Here a person opens a position and he must explain to himself what lies at the basis of his position. What are the reasons for opening a position? What market inefficiency is he trying to exploit? If there are no such answers, then it is unlikely that you will be able to make a profit in the long term.
I think futures trading is a form of gambling. I saw the last six months report of a younger brother who is very close to me. He knows about crypto from my younger brother. He was taught the holding trade. Meaning, he was given an idea of how to trade on the spot. But he can learn about how to trade futures with the help of YouTube. And without informing my younger brother, he slowly started trading futures. After six months, the condition of his family became very bad. He was born in a middle class family. Later, the area was talking about his loss. I found out from his family that he lost around 14 thousand dollars trading crypto. I told him the last time I saw him to buy bitcoins with all his wealth. But he didn't hear anything. Later he sold his grandfather's land and paid off all his loans. Later I came to know from him that he knows about futures trade from YouTube and lost all his dollars by trading without understanding the value of x.
Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
Comparing futures trading to gambling would be wrong if you compare it from one place to another. Since trading is trading, trading cannot be compared to gambling. Here if you gain enough strategy and experience in futures trading then you can reduce your risk with leverage X. If you can control x then your risk will be much less and you will save yourself a lot from loss from your futures trading platform. OP the guy you mentioned here couldn't set the right leverage x so he always lost on the futures trading platform. Here he should have set leverage on futures trading platform and use stop profit loss which he failed to do which is why he lost his money very fast. Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
I think futures trading is a form of gambling. I saw the last six months report of a younger brother who is very close to me. He knows about crypto from my younger brother. He was taught the holding trade. Meaning, he was given an idea of how to trade on the spot. But he can learn about how to trade futures with the help of YouTube. And without informing my younger brother, he slowly started trading futures. After six months, the condition of his family became very bad. He was born in a middle class family. Later, the area was talking about his loss. I found out from his family that he lost around 14 thousand dollars trading crypto. I told him the last time I saw him to buy bitcoins with all his wealth. But he didn't hear anything. Later he sold his grandfather's land and paid off all his loans. Later I came to know from him that he knows about futures trade from YouTube and lost all his dollars by trading without understanding the value of x.
Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
Actually i am very shocked to know about your friend future trade history. Very sad. I also think future trade is also gambling. It is one kinds of gambling. I also lost huge fund from future trade. It's a curse most of people are being destitute. Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
Moreover he came future trade without proper knowledge. Not only future trade, also normal trade for all trade proper knowledge is very important. Without proper knowledge anyone can profit from trade even future trade.
That's not it, I get what people are saying but at the same time I think its quite important to know the difference between gambling and trading. They may look quite similar at times but they are not the same. Futures trading without knowing anything could still feel like gambling because you are risking all your entry with something that has high chance for you to lose, and you are blind to it. However, even in that case, there is no house edge. The part where casinos have house edge makes all the difference because at trading there is no guarantee that you will lose, but at gambling it is %100 for sure that you are going to lose. So don't really do anything about it that could be similar.
I think futures trading is a form of gambling. I saw the last six months report of a younger brother who is very close to me. He knows about crypto from my younger brother. He was taught the holding trade. Meaning, he was given an idea of how to trade on the spot. But he can learn about how to trade futures with the help of YouTube. And without informing my younger brother, he slowly started trading futures. After six months, the
condition of his family became very bad. He was born in a middle class family. Later, the area was talking about his loss. I found out from his family that he lost around 14 thousand dollars trading crypto. I told him the last time I saw him to buy bitcoins with all his wealth. But he didn't hear anything. Later he sold his grandfather's land and paid off all his loans. Later I came to know from him that he knows about futures trade from YouTube and lost all his dollars by trading without understanding the value of x.
Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
condition of his family became very bad. He was born in a middle class family. Later, the area was talking about his loss. I found out from his family that he lost around 14 thousand dollars trading crypto. I told him the last time I saw him to buy bitcoins with all his wealth. But he didn't hear anything. Later he sold his grandfather's land and paid off all his loans. Later I came to know from him that he knows about futures trade from YouTube and lost all his dollars by trading without understanding the value of x.
Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
Futures trading isn't gambling.
Why he loss money was simply because he didn't have the knowledge about what he was doing.
Probably, learning from someone who isn't professional.
You advising him also to invest all his money into buying of Bitcoin is wrong.Financial advice should be at owners discretion than trying to persuade the person, sometime you didn't show him or profer solution why buying of Bitcoin was necessary.
My advice for him,is to learn and unlearn the shits he learnt.
Avoid over leveraging on account and follow the process rather than expecting to make a million dollar on a single trade.
Have the right approach and build an edge before thinking about to put his money into futures trading.
Here I agree with you, I know from futures trading that if someone doesn’t stop me or the balance doesn’t get close to 0, it’s very difficult to stop, especially when the market is very volatile or has become bullish. The main thing here is to know when to stop and keep a cool mind.
It means you lack patience and self-control because if you are trading like an addicted gambler who can't control the urge to gamble as long as he has funds in his account or wallet, it means that you lack the most basic thing required for trading, which is patience. You can't gain success in trading if you are impatient because you will always make improper trades and take the wrong steps which will cause you financial loss and at the end of the day, you will see your capital getting out of your hands.When you get into trading, have a mindset that you are working and not gaming, trading is not a game, even though you might enjoy it more than a game if you are passionate about it and you know what you are doing and how things are done in the proper way which would make you earn money and who in the world doesn't enjoy earning money?
Well, I think it depends on how you do it. If you trade futures without doing research, and do it resignedly, then this will be considered gambling. However, quite a lot of people differentiate between these things. Apart from that, even normal trading is sometimes called gambling, so it all depends on how we look at it. However, if you have done in-depth analysis, and research, and are sure the price is what you think it is, then I think it might be worth trading. Because in gambling games, we only hope for luck.
Absolutely agree with you. If you trade futures you must have some experience and you must have big amount of money to do this. If you have small amount of money and 0 experience you can start more safely with spot. I don't understand people with 10K$ deposit which use 50-100x leverage. Tooo risky. One moment you can loose all your money.
Well, I think it depends on how you do it. If you trade futures without doing research, and do it resignedly, then this will be considered gambling. However, quite a lot of people differentiate between these things. Apart from that, even normal trading is sometimes called gambling, so it all depends on how we look at it. However, if you have done in-depth analysis, and research, and are sure the price is what you think it is, then I think it might be worth trading. Because in gambling games, we only hope for luck.
Maybe future trade is gambling
Trading is already one sort of gambling. Look at is as sports betting.
IE: Casinos we rely on 100% luck and nothing else. But sports betting we can actually do research and get knowledge and minimize the luck and increase skill (knowledge).
So for me Trading is already gambling. A "skill game" but not a "lucky game".
Here I agree with you, I know from futures trading that if someone doesn’t stop me or the balance doesn’t get close to 0, it’s very difficult to stop, especially when the market is very volatile or has become bullish. The main thing here is to know when to stop and keep a cool mind.
When a gambler becomes addicted, he doesn't care about his balance. The gambler is addicted until the balance is 0, he is new because his mindset will only focus on gambling so he should be patient in gambling. Patience always helps people to ensure the path to success.
I think futures trading is a form of gambling. I saw the last six months report of a younger brother who is very close to me. He knows about crypto from my younger brother. He was taught the holding trade. Meaning, he was given an idea of how to trade on the spot. But he can learn about how to trade futures with the help of YouTube. And without informing my younger brother, he slowly started trading futures. After six months, the condition of his family became very bad. He was born in a middle class family. Later, the area was talking about his loss. I found out from his family that he lost around 14 thousand dollars trading crypto. I told him the last time I saw him to buy bitcoins with all his wealth. But he didn't hear anything. Later he sold his grandfather's land and paid off all his loans. Later I came to know from him that he knows about futures trade from YouTube and lost all his dollars by trading without understanding the value of x.
Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
I don't think that bitcoin have any similarities with gambling because I know quite well that gambling have different things that it operate because I know quite well that gambling does not have a proper skill someone can learn and understand the protocols of gambling and also continuous winning gambling like trading. So with this concept you supposed to have known that trading acquire the friends skill which whoever that is into trading I have to understand the basic concept of trading before it can be able to make up anything profitable in Trading why in gambling it is not in that way it happened is all about luck and the way your love is not there you will not be able to win gambling because it does not do with calculation and it was not to do with a skill that someone will acquire. Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
So the different is very clear that the gambling is totally different from trading and the threading is totally different from gambling but some people see some similarities in them, so I know quite well that those similarities some people see is what makes them to conclude that gambling is like trading
Trading alone is considered gambling for those who are not good in trading. While it offers higher profitability, but we all know that it could shift into higher losses if one decides to trade without proper knowledge and skills.
Most particularly for futures trading where the risk of losing is high, that could mean real gambling if you do futures trading even without mastery or expertise in trading. I'd rather go for spot trading where possible profits are mostly seen, but for futures trading, it could mean a high risk gambling for every regular trader that is not well-experienced enough in the field of trading.
Most particularly for futures trading where the risk of losing is high, that could mean real gambling if you do futures trading even without mastery or expertise in trading. I'd rather go for spot trading where possible profits are mostly seen, but for futures trading, it could mean a high risk gambling for every regular trader that is not well-experienced enough in the field of trading.
In terms of the recent market situation i will really consider futures trading as gambling .Even with knowledge ,right strategy and a good risk management it is hard to make any good profit from the market instead one will keep on accumulating losses all the time . I don't know whether it is me or not the market are very hard to trade and make profits from recently .So in summary many will consider it as Gambling.
Futures trading creates bigger risk than spot trading. Hence, anyone who considers futures trading turns like a suicidal most especially for beginners who have less knowledge and skills when it comes to trading. When trading outcome turns into highly unpredictable, obviously it turns out like gambling. Even investing alone is a real gambling since you cannot assure your coins profitability due to its market high volatility.
I think futures trading is a form of gambling. I saw the last six months report of a younger brother who is very close to me. He knows about crypto from my younger brother. He was taught the holding trade. Meaning, he was given an idea of how to trade on the spot. But he can learn about how to trade futures with the help of YouTube. And without informing my younger brother, he slowly started trading futures. After six months, the condition of his family became very bad. He was born in a middle class family. Later, the area was talking about his loss. I found out from his family that he lost around 14 thousand dollars trading crypto. I told him the last time I saw him to buy bitcoins with all his wealth. But he didn't hear anything. Later he sold his grandfather's land and paid off all his loans. Later I came to know from him that he knows about futures trade from YouTube and lost all his dollars by trading without understanding the value of x.
Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
The difference between trading and gambling is huge. What I don't understand from other people is why they compare trading, which is also gambling. Most people know that this is not true. Trading should not be compared to gambling.
Before learning trading, you need to study it thoroughly, and the tools used here must also be known and learned. In gambling, even if you don't learn them, you can win a large amount if you are lucky because the income is not based on luck.
Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
Trading means buying and selling, while gambling means betting. Trading is a money exchange transaction with a number of cryptocurrencies, there is a market and there are also these coins. Meanwhile, gambling does not involve exchange transactions, just betting, you spend or put in money but don't get anything and hope that throwing the dice or your guess will bring you luck.But trading can be gambling, if you risk money but don't understand and don't do research first. but if the risk management is correct, in my opinion it is not gambling, then it is what is called calculative risk taking.
do able to cope up with such risks and on the time that you would be setting high with those bars then you are really that aware on whats the risks involved on which getting liquidated or would be able
to get that huge percentage profit if you do able to hit the right thing but if not then say goodbye into your trading capital. This is why its not really that recommended that
you should really be touching futures when you are still a noob, even into those old timers it wont really be a guaranteed thing that they could really be able to
hold themselves well on futures trading.
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