Topic: Maybe future trade is gambling - page 2. (Read 1097 times)
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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Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
it depends on how much you take leverage on, probably many do future trade on cross margin mode taking 5-19X leverage, better trade on isolated. The more you take leverage the higher chance to go on liquidation quickly. Implementation on stop loss required avoiding loss everytime. DYOR before putting your money on trading.
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.
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.
Not really, it's just a much riskier way of trading and just because the odds are about 50% win or lose doesn't mean that it's the same as gambling, it's not as mindless as gambling because you're going to need a lot of brainpower for the analysis of the charts and the pattern that the current market movement is showing. Also, the uncertainty to win your gamble in gambling is so low compare that to future trading where the chance of a win is the same with losing. To be honest though, it's tiring to argue whether trading or gambling is the same and in my opinion it's fruitless blabber to decide if it's the same or not, people have different ways that they see things and it's not like this debate would be world ending if it's not settled.
I consider futures to be a double edged sword. As long you know what you are doing and stick with less than 5x leverage, futures can be a handy tool especially when you are low on capital and want to take advantage of particularly bullish market, however trading at high leverage is sheer gambling.
Also one thing that helped me lot in my life, is to stay away from thing unless you understand it completely, it saves you from lot of misfortunes. Will definitely be helpful for your friend.
I do agree that knowing what you are doing is the hardest part, because not many people know what they know, and they think they know when they do not know.Also one thing that helped me lot in my life, is to stay away from thing unless you understand it completely, it saves you from lot of misfortunes. Will definitely be helpful for your friend.
I hope that we could end up with something that would benefit everyone, it is not going to be all that simple and we should be considering that leverage is something only the veterans can do, if they end up used by newbies then it could be exactly like gambling, it is all or nothing type of situation. I am not sensing anything major there, I do not think that it is an addiction that causes trouble as much as gambling so far, plus it is not guaranteed to lose because there is no house edge, you might lose, but you at least have a chance to win with leverage as well.
I consider futures to be a double edged sword. As long you know what you are doing and stick with less than 5x leverage, futures can be a handy tool especially when you are low on capital and want to take advantage of particularly bullish market, however trading at high leverage is sheer gambling.
Also one thing that helped me lot in my life, is to stay away from thing unless you understand it completely, it saves you from lot of misfortunes. Will definitely be helpful for your friend.
How did he lose all his dollars? Have you traded in futures? You should give it a try with $10 capital and 100x leverage, you will know. Lol.
Also one thing that helped me lot in my life, is to stay away from thing unless you understand it completely, it saves you from lot of misfortunes. Will definitely be helpful for your friend.
Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
How did he lose all his dollars? Have you traded in futures? You should give it a try with $10 capital and 100x leverage, you will know. Lol.
Many people trade futures without having any knowledge because they think futures trading only requires guessing up or down and looks quite simple. But when they always lose, they will understand that futures trading requires good trading skills to analyze and manage when trading. whatever money is used for futures trading will be lost if one is not alert and does not have any plan.
Trading futures without the proper knowledge is undoubtedly the same as gambling without the proper knowledge. Whatever you decide to do, you need to have good knowledge. It is important to understand that there will be losses in any business (trading or gambling), you cannot do without it, but if you have sufficient knowledge, then in the end you will be able to achieve a profit. If futures trading is too difficult for you, then you can try spot, if you lose more than you earn, then perhaps trading is not for you...
A person who has no idea or knowledge of a particular thing will never succeed, they are just like gambling. It is just like we are throwing our money at the casino. That is why it is very important to asses our position before trading and tried to start building confidence in spot trading before jumping into Futures Trading.
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