Topic: Maybe future trade is gambling - page 5. (Read 1097 times)

I'd say that futures is really a gamble and that's why no newbie should touch it with big amounts of money that they can't afford to lose. Because if they do, it's even riskier than gambling because with gambling you can have your luck but with futures, no luck, no experience and analysis if combined, you're giving away your money and letting the market burn you on an instant basis.

Futures trading is for advanced level experienced professional traders who have a lot of trading experience and have enough knowledge about everything including money management. New traders who come to the crypto market tend to look for various short-cut ways to make quick profits, among which Futures trading is one of them. Trading and gambling are different things but when one trades using high leverage without any proper knowledge then that trading also falls into gambling.

And the addiction of futures trading is terrible, I once got addicted to this futures trading, I wasted a lot of money and time for which I still haven't fully recovered from that bad situation. So this futures trading should be avoided by normal traders, who gamble with high leverage in futures trading.

Spot or futures, both have the same inclination to gambling if the person doesn't know what he's getting into.
If you are a beginner, just get involve to lesser risk in trading like spot trading, however, you still need to learn and understand each project you want to get involved with.
And when it comes to futures, if you have no idea here, better not to divulge yourself as you will only liquidate your position fast.
Hence, most people are considering this type of trading as a high risk gambling. Because you will be on the losing end most of the time if you have no idea on this particular trading.

It is not only in futures, trading with lack knowledge is also like a gambling although you trade in spot. We all know that people who trade with lack of knowledge probably rely on guessing the prices. They don't use proper analysis to understand the potential of price moves in the future. But the difference is about the risks. In future, we may lose all money but in spot we probably decrease the amount of money.

Future trading is not for newbies. If we are still newbies, it is better to focus on spot only. If we already get enough knowledge and experience in spot for some months or years, it is okay to try future with small funds. Don't hurry to try luck by trading in future with big money. Although it is not impossible to earn huge money due to luck factor, but mostly people fail to trade with luck-based way.

As you have said, gambling is gambling while trading is trading. But there is a type of trading  that looks like gambling and that is futures trading. It is only in a rare case that I will say that futures trading is not gambling, and that is when an experienced trader is behind the screen. An amature future trader is simply a gambler. Infact, an amature spot trader is also a gambler. You do not gamble when you understand statistics and apply it in your trading. But once you know nothing about the charts and candlesticks and yet you are confidently trading, you can be considered a gambler.

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OP, advice your brother's friend to buy and hold bitcoin and not to buy bitcoin with all his wealth. Everything should be done in moderation and we will have no cause to regret.

He knows this. And if you can read again, you may find, he only says that futures trading is a form of gambling. He is right with that though. Even with a proper understanding, futures trading is still risky but how much more without it? It is definitely a gamble. But, having a lack of knowledge is not an excuse to go ahead and just trade randomly. We can do better than this, and that is by learning it for a while.

Skilled traders can still trade even on a bad market. They already formulated a strategy for it although their income might only be smaller than the normal and better days. That's fine, at least they are not zero and it's better than if they waste their time on anything else that are not important.

Future trading isn't gambling but a form of trading that involves more risk and also have a high reward. Future traders are trading with leverage therefore they can make more profits and also make more losses. When you don't understand trading and you try future trading, you'll lose all your money very quickly and that's what happend to your brother. Some individual go into trading with the mindset that they're gambling and this make them to lose even more money.

If he had understood the market and didn't trade more money that he can lose, he wouldn't had lost everything. Your can lose everything when you're trading on spot market and have your stop loss set but he didn't do that instead traded on the future market with no experience and that made him to lose all his money. When trading, it doesn't matter if it's the future or spot market but you can repeat strategy and profits but you can't do that when gambling, that's one of the difference.

Anybody that want to gamble in the market would gamble and there is nothing we might do about it. It is very important for us to learn the skill very well so that we can utilize the skill and use it to make money for ourselves. Gambling is not as sin but sometimes we don't have to engage in gaming when we are trading because it can pose a big risk to our funds. People gambles too but we don't have to do it often because it can be a big loses for us that might not know how to go about.

There are many differences between gambling and trading, but those who fail to find the difference are essentially conflating the two. In fact, the prerequisite for trading is that you need to learn and understand trading. He made a wrong decision by trading futures. Some of my friends along with me once got addicted to futures trading but we earned quite a lot in the initial stage but later on we lost.
You said he lost $14,000 in futures trading, that's a lot to me. If he had a better understanding of cryptocurrency and Bitcoin, he would have invested in Bitcoin instead of futures trading. He could have bought many bitcoins at once with the amount of money he lost futures trading. Even if he had invested this amount of bitcoins for a long period of time, he would have got a much higher profit.

I wish you and your younger brother  patience in recovering from the loss of your brother, which was caused by self-taught learning from online and so boldly spent that much money, even though the goal was trading.

Trading is a broad and numerous instrument to date, for me there is nothing wrong with futures trading because there are advantages including borrowing capital (leverage) then if the trend prediction error is either a flash dump or a flash pump of course there is also a benefit? (other traders side). it can be interpreted that futures trading also brings prosperity. Look, the law of selling is buying if there is profit and loss is that normal? yes of course, that's where the role of take profit and stop loss.

Trading to save adn hodl (spot) if the technical analysis is wrong, of course the value of fiat decreases, although the decimal of crypto assets remains intact when selling, then when buying back the decimal unit will decrease according to the fiat that is owned, meaning that trading according to the exchange is at risk of running out even though not at once, indeed the advantage besides futures can wait for recovery but if in the future you can return capital in a short time of hours or days it might be better.

Candles are the same, the logic and scenario of each moment is the same, regardless of the type of trading instrument, I think the main obstacles are, understanding, managing capital, and experience. Prioritize strategy over expectations and visuals created by your own imagination. I think it will be very useful, also in the future there will be many trading instruments that may not be imagined today, if you blame technology and progress it makes no sense.

This topic has been discussed here so many times but this is my opinion.

Gambling is much riskier for me, why? Well it is rigged most of the time. What I mean by that is it is designed for the house to win always, for the sake of their bankroll. You can play gambling in physical casinos and you won't even win, maybe you can, but that is just to lure you in even more, to make you believe that you have a chance to make a fortune.

While trading also includes risking your money in order to gain even more money, at least you're the one who can make it fair and you know the market action is not rigged like in gambling. You have a high chance of making profits in futures trading if you also have a high amount of knowledge that helps you produce solid fundamentals or technical analysis in trading.

Correct. But not all.

Futures are one type of trading. Not all traders can carry out these trades easily because this type of futures trading is more complicated than spot trading which is easier for some traders to carry out. Not all traders can do the futures referred to by the OP.
The way it works is that futures trading may be like gambling, so people easily say trading is like gambling. Actually trading is trading and not gambling.
If futures trading can be done, the profits are also easy.

I am with you on the fact that gambling and futures trading are not the same thing, but I am not with you on the fact that they can both cause people to lose their money at once. Futures trading is business but when wrongly planned you get to lose money. But still, you do not lose the money at once unlike gambling, you lose it as the price of the market moves against you gradually. At this stage, you might even want to opt out and still keep the remaining money in your account. You might also want to withdraw it immediately or use it to try your luck next time.

But gambling is not like that, once you commit the money into betting most times, that is the end of it. You will only be waiting for the outcome of the betting good or bad even as your money has been locked, and if you don't win the bet, you get to lose all the money unless there are some promos and rebates/rakebacks that could be some forms of compensation for you. By this, anyone can know the one that is riskier, and I am sure from my experience of gambling and trading that they are not just the same thing unless the trader wants to deliberately gamble with his money. Even at that, the money can't be lost immediately unlike in gambling.

Gambling and trading are very different from each other but when you are not capable of using your knowledge and strategies then it means that your are considering gambling and trading similar which is a big fault of most of the traders of crypto.

Trading is not difficult because strategies, skills and using technologies are those things which makes it easy and you will easily get for what you are working. You can enhance your efficiency with the passage of time and don't think that if once you fail you will always be a losser but evaluate your abilities and skills which will make you better trader one day.

If you trade simply relying on YouTube completely, you will really get burn with trading and end up like gambling. Most especially if we talk about futures trading, the risk to lose is high particularly if you apply leverage trading. That’s the reason why futures trading is not recommended for newbies or for those who have no enough trading experiences. Not only it will make you lose huge amount of capital, but it will also make you regret why you resort into futures trading when you can safely invest and hold long term.

However, we don’t hold the decision to every trader who wishes to take part in futures trading. But as long as one gets to trade cautiously, and knows exactly how to manage the risk in futures, then I guess it’s still fine to trade with futures as long as he’ll ready himself for future big losses.

Futures trading is gambling if you lack the experience to make it work. But if you are a professional trader, futures trading will give you more chances to acquire profits because you have the knowledge and skills to make it work and happen.

However, for newbies who decide to resort into futures trading, the risk to lose is high compared to spot trading. My advise is, don’t rush into futures trading just because of its high promising profits but gain learning experience and skills first before you decide to take bigger risks when trading.

Futures trading is not gambling; the only similarities are the major risks of losing your money all at once.

These are two different words with opposing meanings, yet if you are greedy, you will lose in both.

If you have knowledge about future trading before you begin trading, your losses will be minimal, and you will trade with confidence because you know exactly what you are doing; unlike gambling, where you will bet on something you are unsure of, and your chances of winning depend on the outcome of the event, and most of these gambling games are unpredictable; while you can predict trades and they will work based on your analysis.

No  trading is trading and gambling is gambling. Those two are different things.  Don't mix the two.  Your brother lost everything because he traded without understanding the situation in the market. It was completely due to his lack of knowledge.  If the market conditions are bad, you have to refrain from trading. Otherwise, all is lost for more greed.  If you are new to trading you should learn to be happy with little specially in case of future trading.

Trading is trading and gambling is gambling but Future trading is slightly different from normal trading like spot trading. It can be said that future trading behaves like gambling because like gambling your fund becomes zero if you bet, similarly in case of future trading if your prediction is wrong your balance will become zero if you liquidate. So it can be said that future trading is more like gambling. So it is better to stay away from future trading because it is very risky and it can cause you huge losses in a very short period of time

Those who thought that trading was gambling were those people who never knew what trading was all about.
In fact, there is no fortune in gambling but trading does if we want. As OP said MAYBE, it means that it was not certain yet and we can change that view if we personally know what it trading, not just knowing it from other people or these influencers. I'm not sure but I thought that OP is pointing out about LUCK and this will happen for the traders who lack of knowledge and they just rely on luck to make a profit. In this case, I'm not going to wonder if that trader considers himself into gambling because he is not actually trading with knowledge and skill but purely relying on luck.