Some people say that trading is gambling. but if we look at gambling, it is a game that refers to one goal, namely money without any exchange value. Meanwhile, crypto trading still has value to be exchanged, namely commodity assets or digital coins that can be resold. Although some people aim to make a profit by buying some coins, this cannot be considered gambling. unless it is just a game with monetary profits.
Trading is not at all compared to gambling but futures trading can be compared to gambling. Money can be lost in futures trading and because this trading is more risky, many people do not find much difference between futures trading and gambling. I believe people who do futures trading have lost a lot of money in futures trading and even after losing money they feel that they should do futures trading because they think that futures trading can give them more profit. Although the amount of profit is less in spot trading, the risk here is very less, in spot trading, no matter how much the price of a coin falls, there is a chance of profit if the price of the coin increases again, but in future trading, if the price of the coin falls below a certain level, traders lose all their money. 
Topic: Maybe future trade is gambling - page 6. (Read 1097 times)
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Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
For me it's not. There are many types of trading with different patterns and technicalities.Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
Gambling is not trading and trading is not gambling. That's what I think.
Buy at low prices and sell when prices rise. Trading is about how strong you are in trying to make a profit with the strategy you choose to use.
Gambling is just a more dominant game with losses within a certain time. Gambling on a sportsbook, the time is only about 90 minutes. If the bet placed matches your predictions and choices, then you win.
Trading is still possible for you to hold before the target selling price has not arrived.
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 am sorry to hear about the loss that someone you know has experienced. I hope he can learn more from his defeat and become better afterward. And I don't think losing a lot of money should only be in futures trading. Even if you buy a shitcoin and then the dev runs away to withdraw the coin's liquidity, it will definitely leave you holding a worthless shitcoin, which means you still lose the value of your money. Likewise in spot trading, if we are not ready for a trade then we can only get losses. So the problem is not about futures trading or any other type of trading. But this is about your acquaintance who is not ready to trade but has forced himself to trade with large capital when he is not yet mature in insight and experience.Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
Any type of trade is still trade. Gambling and trading are clearly different. Although there are indeed people who trade by relying solely on luck. But that doesn't mean that trading is gambling, but that the person is the one who applies the wrong way of trading. Because trading requires insight, precision and experience. It requires expertise in analyzing both technical, sentimental and fundamental analysis. Apart from that, very important factors are also needed in managing finances themselves, such as money management and risk management. So we know when to stop and when to come back. And minimize losses and not be greedy when making profits.
So trade is trade. Loss and profit are two things that will always exist in any business. Not everything that makes us lose is gambling. Because losses can even come in any form. The most important thing is when we get into something. So learn first and start slowly and don't be greedy. Because the most frightening enemies in the world of trading are our own emotions, namely greed and fear. That's why we often look at market indicators related to these two things. Which indicates the importance of mastering these two things.
Some people say that trading is gambling. but if we look at gambling, it is a game that refers to one goal, namely money without any exchange value. Meanwhile, crypto trading still has value to be exchanged, namely commodity assets or digital coins that can be resold. Although some people aim to make a profit by buying some coins, this cannot be considered gambling. unless it is just a game with monetary profits.
It's weird you define trading as that, your explanation is pretty much like selling lol.Sure there's an exchange between two assets, but technically it just an IOU, you're not really trade your asset to another one until you withdraw it to your non custodial wallet. This is why futures can be define as trading than gambling, either spot or future, you can trade your IOUs.
Theirs a difference between trading and gambling because I know quite well that gambling is something that have to deal with luck and predictions ordinarily whereas trading have to do with skill acquisition and you most learn trading and understand the rules and regulations of trading before you will become successful in trading, so that is what I'm saying concerning trading, when you have not understand the basics things of trading Theirs nothing will make you to experience profit but in gambling either you know or not you will experience either profit making or lost base on it's a game of luck
Most of us will be taken to far-flung locations by experience, areas where we will never be concerned about the continuous flow of income. What we failed to recognize is that things are not as complicated as we perceive them to be. There's nothing to be concerned about; simply relax and investigate; it's all simple phases, and there are measures we can become acquainted with. Trading and gambling are two very different things; everyone has their own ideas about what is important, and we must constantly remember to be extremely cautious and confident anytime we are in a position to produce substantial profits. be tending to make out some engagement but of course they would really be doing those research stuff and everything before they would really be able make involvement into something. When we are still new
then it would really be just that there are things which we cant really be able to know because of lack of experience and knowledge on which mistakes and errors would really be that evident or something inevitable.
I do somewhat agree into those points above that futures could act out as a gambling since you've been dealing with high leverage.
If you wont really be that careful then you would really be blowing up yourself but if you are really that knowledgeable and aware on the things that you are doing
then you could really be able to make profits but just been said that this kind of skills cant really be that able to learn out on a short time.
So it does takes time.
Some people say that trading is gambling. but if we look at gambling, it is a game that refers to one goal, namely money without any exchange value. Meanwhile, crypto trading still has value to be exchanged, namely commodity assets or digital coins that can be resold. Although some people aim to make a profit by buying some coins, this cannot be considered gambling. unless it is just a game with monetary profits.
Theirs a difference between trading and gambling because I know quite well that gambling is something that have to deal with luck and predictions ordinarily whereas trading have to do with skill acquisition and you most learn trading and understand the rules and regulations of trading before you will become successful in trading, so that is what I'm saying concerning trading, when you have not understand the basics things of trading Theirs nothing will make you to experience profit but in gambling either you know or not you will experience either profit making or lost base on it's a game of luck
Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
In reality, Futures trading is not gambling but for some people, that can be like that. Trading with empty knowledge is even more than gambling IMO.
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?
Sort of but not really totally gambling considering that you could really still apply trading analysis. It is really just that in futures on which chances of being liquidated is really that high specially if you do make use of high leverage which i could consider 25x up would really be that too damn risky. When it comes to potential earning then it could give out that huge gains too if the price entry and outcome would be positive on which it would be that immense on which it would be basing up on the leverage that you have set. This is why it is really that important that you should make yourself wary about into those probabilities about losing tons of moneyNow my question is futures trade is actually gambling? Or how did he lose all his dollars?
and the risks involved. If you could be able to handle it out then its your choice but if not then better stick to spot first.
Make yourself that mastered on spot trading or having that 10x rather than on hurrying up yourself on engaging with futures trading.If you have been able to gain up that enough experience
and skills on your trading then it might not be a bad idea for you to test up futures but as much as possible you shouldnt really be setting out those high numbers
if you dont like on busting up so easily.Market is volatile as always and there's no assurance when it comes to outcomes or results on where it would be heading.
The way you treat or approach the market would determine the results you would get, Trading has a set of rules to follow and as well as a strategy to navigate the market, and once you fail to follow those set of rules you are simply gambling in the market.
The trader got somthings wrong, The trader thought he had known it all by only learning how to trade on YouTube, trading is more difficult to understand than what you see they teach on YouTube, it requires some experience, and you also need an experience mentor who will be your guide, secondly it is very wrong to go borrow money in the name of trading, especially when you are a newbie in future trading, you won't even have peace of mind to make wise decisions in the market.
Most of the traders don't take time to learn. They enter the market with the mindset of becoming rich overnight, and would lose everything because of greed and not managing of risk.
The trader got somthings wrong, The trader thought he had known it all by only learning how to trade on YouTube, trading is more difficult to understand than what you see they teach on YouTube, it requires some experience, and you also need an experience mentor who will be your guide, secondly it is very wrong to go borrow money in the name of trading, especially when you are a newbie in future trading, you won't even have peace of mind to make wise decisions in the market.
Most of the traders don't take time to learn. They enter the market with the mindset of becoming rich overnight, and would lose everything because of greed and not managing of risk.
True, I have made similar mistakes when I started trading, trading and knowledge about crypto are two different things as just knowledge and how crypto market trends doesn't make you a good trader and traders lose money because of this get rich quick fancy adverts cum traps which they see in YouTube ads and telegram channels. As you mentioned trading can be emotional drain and newbie should stay away from future trading at any cost as the winning trades are lot lesser than the losing trades.
The way you treat or approach the market would determine the results you would get, Trading has a set of rules to follow and as well as a strategy to navigate the market, and once you fail to follow those set of rules you are simply gambling in the market.
The trader got somthings wrong, The trader thought he had known it all by only learning how to trade on YouTube, trading is more difficult to understand than what you see they teach on YouTube, it requires some experience, and you also need an experience mentor who will be your guide, secondly it is very wrong to go borrow money in the name of trading, especially when you are a newbie in future trading, you won't even have peace of mind to make wise decisions in the market.
Most of the traders don't take time to learn. They enter the market with the mindset of becoming rich overnight, and would lose everything because of greed and not managing of risk.
The trader got somthings wrong, The trader thought he had known it all by only learning how to trade on YouTube, trading is more difficult to understand than what you see they teach on YouTube, it requires some experience, and you also need an experience mentor who will be your guide, secondly it is very wrong to go borrow money in the name of trading, especially when you are a newbie in future trading, you won't even have peace of mind to make wise decisions in the market.
Most of the traders don't take time to learn. They enter the market with the mindset of becoming rich overnight, and would lose everything because of greed and not managing of risk.
Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
I've heard someone ask this same question recently at an event I attended. In fact, the dude didn't ask it as a question. He said it with a tone of finality that trading is gambling. A simple question I asked destablized him. The question was, what product do people exchange in gambling? Nothing! Gamblers only exchange fantasy while in trading one exchanges one commodity for another. So, whenever you think something is gambling ask yourself if there's a product for exchange. If there's, then it's not gambling. Let me add quickly that those who think anything trading is gambling are failed traders who've lost money to the market and in their frustration want to dissuade others from going into trading. Conclusively, trading (of any kind) isn't gambling. Both are two different things. 
It's obvious that no trading strategies or methods can be classified as gambling, we have discussed this severally and make some conclusions points that gambling is totally different from gambling and its obvious that gambling is something that deals with luck and it doesn't have skill as trading have skill when you misunderstood trading concepts or fail to understand it very well you will not make profit
You know what, people will always relate trading with gambling because the two have so many similarities even though they are different, so you cannot expect any less from people with poor judgemental skills. The two can make you lose your money fast just the same way they can make you gain more money fast, but one thing that is missing in the thought of these people is that trading could be effectively predicted with many facts, fundamentals and data at the trader's disposal, this is unlike gambling. Trading is a business, but gambling is betting. However, you can bet in trading too, but that doesn't mean you are not doing business as it entails buying and selling transactions which makes it unique. You buy the asset when it is cheap and sell it when it is costly, but the right analysis for speculative purposes matters to the success of the trader.For this, you can't blame anyone if you wrongly speculate to sell when you should buy or buy when you should sell, which is the risk in trading that people mistake for gambling. But when the trader is professional enough and knows how to speculate and buy at the right time and sell at the right time, and also properly manages the money and risks involved, such a trader is distinct from gambling and such an approach itself makes trading unique and void of any links with gambling. Unfortunately, many supposed traders gamble while they want to trade, so I do not expect less when they conclude that trading is gambling. But this will never change the truth, trading and gambling are just different things. It all depends on how you handle your trading, this is what will define you as either a trader or a gambler.
The difference between spot trading and future trading is leverage which is high in latter therefore your brother traded with a high very leverage without having the required skills and knowledge of trading, trading is hard as a newbie like your brother ought to have risk a small percentage of his portfolio to trade thereafter after incurring losses he can quit to his Capital, learning crypto trading strategy on YouTube is not a guarantee to be a successful in crypto trading alternative he should had started with demo trading to gain some experience, future trading is not gambling to become successful in future trading you gained many years of experience in chart patterns and TA.
It's obvious that no trading strategies or methods can be classified as gambling, we have discussed this severally and make some conclusions points that gambling is totally different from gambling and its obvious that gambling is something that deals with luck and it doesn't have skill as trading have skill when you misunderstood trading concepts or fail to understand it very well you will not make profit
Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
Futures trading isn't gambling and shouldn't be seen as such even if it's also considered as risky as gambling, most times the risk involved in futures trading is basically because controlled by the trader, the higher your leverage the riskier your trade, so it's something that has a predetermined risk factor unlike gambling. The only common factor they both share is risk els they are two different things all together. Before you place a trade on futures, a professional traders has some factor's and confirmation which gives him a better edge before placing a trade but with gambling it's far more different.It's very important you understand that gambling and futures trading are not, cannot and can never be the same thing except you are just a newbie scalper then you most likely gamble than trade.
That feels like gambling, if you are a veteran who knows what they are doing and making trades based on TA and the chart, then you may not consider that as gambling, but if you are a newbie who is trying to just make way more money than they could with spot trading, then you are just risking it and gambling.
A newbie who has absolutely no idea if it will go up or down, making just a guess, like flipping a coin, is definitely taking a big gambling risk without a doubt.
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Invest what you can afford to lose. That's the first rule of trading. Second is, do not trade without proper knowledge and experience. Spot trading is already risky, and your brother choose to do future trading! This is what we call lack of knowledge. This is what happens when you don't choose the right way of doing things.Future trading is not gambling as you are analyzing the market and predicting the future. You can also use risk management in order to minimize your losses and keep your asset in order to continue your trading. Despite having similar attributes such as risks, future trading and gambling are two different things.
Don't mix it up. Your brother lose all his money because of his own fault. I don't think you know the proper way as well. Make sure to learn it and then teach it to your brother as well. Never go into trading unless you are good at it. If not, keep on learning...
Future trading and gambling are different.
Future trading is a type of trading using leverage. Our capital will be multiplied according to leverage, therefore carrying out this trade requires accuracy in analysis and suitability of the leverage and margin we use. If we are careless in managing this, our money could run out. This is different from gambling, where we simply guess and bet the money we have. If we lose, we will lose the money we bet.
Trading futures is very risky. However, we can make big profits if we are able to analyze and utilize our skills in managing trades in accordance with market movements.
Future trading is a type of trading using leverage. Our capital will be multiplied according to leverage, therefore carrying out this trade requires accuracy in analysis and suitability of the leverage and margin we use. If we are careless in managing this, our money could run out. This is different from gambling, where we simply guess and bet the money we have. If we lose, we will lose the money we bet.
Trading futures is very risky. However, we can make big profits if we are able to analyze and utilize our skills in managing trades in accordance with market movements.
I think we have the real traders and the gamblers in trading and that does not make us see everyone in trading as gamers and gamblers
In as much as we have the gamblees, the same wey we have the real traders that had been in the market for long trading consistently making profits and loses at the same time over a period of time. The market is open for anybody that wants to trade and earn from the market in San much as we have the right tools and knowledge to be able to make profits in the market.
Futures trading entails risk, but all trading risk can be controlled; the only difference between traders and gamblers is that some have a similar mindset and should adopt comparable practices. I believe that bankruptcy will come next, starting with gambling and moving on to trading. Trading and gambling are comparable in that both involve the possibility of winning, while trading involves the possibility of gaining profits or losing them in a different way but with the same features and expectations. Making money is everybody's goal. In as much as we have the gamblees, the same wey we have the real traders that had been in the market for long trading consistently making profits and loses at the same time over a period of time. The market is open for anybody that wants to trade and earn from the market in San much as we have the right tools and knowledge to be able to make profits in the market.
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?
When you use leverage in futures trading, if the price of that coin or token changes against your prediction, then your balance is likely to be zero. And since there is a possibility that your balance will be zero, it can be compared to gambling. I myself say that future trading is a kind of gambling and it is better to stay away from it or it won't be long before you face big losses. A friend of mine Got addicted to future trading and lost $60k. So I always try to stay away from it. So if you want to do future trading then invest as much as you can afford to lose just like gambling. Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
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