Topic: Maybe future trade is gambling - page 7. (Read 932 times)

Gambling is primarily based on luck, and as a gambler, you have to develop some self-rules that prevent you from losing more than you can afford. Gambling is for fun; although while having fun, we can still luckily cash out some money from our wins, the losses from gambling come unannounced, as does the winning.

If you are interested in trading, what you will likely cultivate in your mind is profit-making to generate more income for yourself. People don't trade because they want to have fun; they trade because they only want to make profit. Despite that, traders encounter losses too, but their sole purpose in trading is for profit sake.

There is a lot of misleading information about trading on the internet, both on YouTube and on some other sites. Maybe your friends might have handled trading in the wrong manner, and that's why he has lost that amount of money. A trader must learn and develop some trading strategies for themselves that can help them play it safe while trading. Trading is risky, and as a trader, you don't have to invest all your capital in it; just invest the amount that will not put you in psychological trouble when the trade fails.



Buying Bitcoin is very good, and it's good advice you have, but telling someone to use all their wealth to buy Bitcoin is not acceptable advice. Although the percentage of profit will be very high if someone invests a very large amount, yet, it's not wise for one to just have all their money in one investment. While making an investment, you have to keep some funds as emergency funds, and if your money is too large to be invested in another asset, you should invest in another asset too, so that you are secure with two different forms of investment. If one doesn't yield the expected results, the other one will.

Many consider trading as gambling if you do it without having your own analysis and strategy. Its like a guess trade and that can be very risky same as gambling. If you do trade responsively using your strategy and own analysis, then it can be a rewarding approach, just don’t make any guesses especially in futures if you don’t want to call it as gambling, because trading that is based on luck is consider as gambling.

There is a small difference between gambling and future trade and that is doing predictive analysis with the proper education along with the market sentiment's education because if that brother near to you who started the future would have knowledge about the future and by knowledge I mean proper knowledge, not some signals, or quick rich scheme where you invest 1000$ with 200x leverage and use the remaining 13k dollars to manage the liquidation price.

Even for the moment, if we accept he does know how to trade in the future with proper knowledge but he should have control over his feelings of not sticking his nose in things that don't fit him better. This means, that if he is trading by taking a loan then he is dumb. He should have not traded with loan money.

I have one simple rule and that is, even if we have to eat less, wear simple, and travel light, we should not be frustrated until we keep getting it in a consistent way. While the young blood thinks they could change their way and can become the next motivational speaker by taking the risk and setting their lives. By the way, it is really sad that he lost this much money and future trading is not gambling until you are doing it with predictive analysis (TA + FA ).

And what's the difference?
You get lucky to buy a coin and sell it at the right time, you get lucky on betting on horse when he runs the race of his lifetime.
Is there any skill or knowledge that would protect you when you trade if a a nuclear bombs hits when you're going long ? Is there any skill or knowledge that would protect you from Biden coming on live TV and saying the US is ditching the usd for BTC when you're all short?
No, nothing!
No skills in this world can predict something in the future, otherwise you would have everyone a billionaire by now!

Trading is just luck, to buy at the same right time and sell at the right time.
Gambling is also luck, bet on the right horse on the right race!

I've challenged almost everyone here to show me the knowledge that would have predicted ahead of the event oil going negative, guess what, crickets!
Because there is no such thing, you just have strategies based on past events, and you GAMBLE on them repeating in a pattern or not!
Counting cards at poker and trying to guess what the adversary has is also considered skill, but it's still luck, me looking at what a horse has done on this surface be it dirt or grass, with this jockey over a distance on a left or right circuit is also about knowledge but just as with trading, it also relies on a ton of luck!

You are very wrong and you are not getting what I meant. Trading is not a game, but gambling is a game. In trading, you are buying and selling. In gambling, you are not buying and selling anything. Both are risky and their risks can be the same, but some people like you failed to understand that trading and gambling are not the same.

Literally calling a spade a spade ,love it!!

Though it gets me worried whenever we have people call trading gambling... whether futures trading, options trading, perpetual trading whatever it is it's all about having the skill in this art that one needs to succeed, otherwise if a person lacks the patience and emotional control that you just want to guess on whether to short or long the markets then it's called gambling, no two ways about it.

Let's practice more and fine tune our strategies for us to better our chances of success when it comes to trading  

It's actually a gamble if you have no idea with what you do. But let's take it with the risk that futures has and you can just conclude that it's a gamble on its own.

How he lost money?

It's because someone who has no idea of what he does there shouldn't go into futures and the more idle you are there or just holds there, it's not an ideal place to do so because you'll just lose mone if you do so.

This is a pathetic and unfortunate story and I must say that this guy is so unwise, he handled trading badly and wasted resources in a way that should have been avoided. As you narrated the story, I can decode that the guy is a novice, he was just using headstrong to trade thinking he has known everything, but that is how it ends for people like him. Well, there is a difference between investment and trading, and had it been it's an investment, he might be smiling at his bank account by now. But trading, it is risky, you need to know it very well and also be a good trading and account manager before you can be successful in it. I feel so sorry for this guy and the lesson through YouTube will contiue to put them in trouble as they do not tell them the real truth that trading is not easy.

Even if one would want to start trading newly, a very small amount is advised in the beginning and no temptation should have caused the person to do otherwise. As it is now, the guy should just take a break and fix his life first, trading is not for him, and if he will trade at all, let it be in years and not now. However, you can convince him to invest if he will ever yield judging by this bitter experience.

Well, trading and gambling are not the same thing, however, there are gamblers in trading. A typical example is this guy who doesn't know trading well but just gambling his way out until he loses everything. But this doesn't stop the fact that "trading is trading" and that there are real traders who do not gamble but follow a good trading plan and style.

So basically, on your own words trading is gambling! 


And the fundamental difference between the two being?


Yeah, heard that one hundred teems, it's skills, it's knowledge and all that bs and when a bear market comes traders have the higher suicide rates of all jobs in the worlds. Traders trying to paint their guessing game as skills or knowledge are worse than degenerate gambles who try to predict numbers and colors in a roulette game based on past games.

Future trading has a similarity with gambling due to high risk and possible emotional trading.  But these two activities are different things.  Gambling specifically the game of chance can't be affected by any analysis or calculating skills, while future trading is based on analysis and skill to know the movement of the market.  Aside from that, we can't apply risk management to gambling only bankroll control while in future trading, risk management can be applied as long as we know the market weaknesses and possible exploits.  Although the risk involved in future trading is way higher than in normal trading, I believe the presence of the ability to manage risk and apply skills and analysis is the separating line between gambling and future trading.

It seems that what you truly mean to ask is if the risks taken by those trading futures outweigh the possible benefits they can receive? And most of the time this is not the case, futures trading is supposed to be used only by the very best and the most experimented traders out there, and taking into account the results it is obvious your brother was not really ready for it, however he should have known this from the beginning, it is just that watching those youtube videos made him think he actually had a chance.

Gambling is a game of chance. Trading is not a game. In trading, you are not gambling anything but trading. The trade may favour you or not and that is why it is risky. An investor can lose. In a business, a business man can lose. In anything that we can gain from, we can also lose. But the risks are higher in future trading. The risks are higher but it is not gambling.

We consider an activity as gambling when the risk intake is high and the returns are huge. If a similar condition arrives at any activity, then definitely it’s nothing but pure gambling. If we see in future trading then definitely you buy the coins and sell at limited time, here the profit can be huge, and if went for loss, then it will really go very down. So yes future trading is almost like gambling or risking your money. The story you mentioned really made me sad, he lost the money due to high risk or which you can say high leverage.

I think it's different futures trading and gambling, maybe some will consider the same, but you need to know that gambling is purely due to luck but futures trading you can use skills to do in order to make a profit.

Your friend trades futures blindly in addition to learning from Youtube which is completely not understood what patterns are needed, then he takes out a loan for this trade it is clear that he will lose a lot of money and may use high leverage because of greed or ignorance of what risks occur.

He lost the whole dollar because of high leverage, not analyzing properly, or trading futures carelessly, it could happen.

It depends on how clamped a person is regarding understanding regarding futures trading. However, what needs to be understood is that trading is still trading and gambling is still gambling? When we are involved in any form of trading it is impossible to expect luck like the gambling activities we do. Because trading activities are only carried out if we understand how it works and most people misunderstand trading, so that at one point they experience losses that should not have occurred.

It is much more correct when we say that trading will be much riskier in the long term because the higher the leverage, the higher the risk. But what can limit all of that is only knowledge about trading itself because the more familiar you are with trading, the more experienced you will be in how to trade.

Future trading with bigger leverage likely as the gambling with bigger risk and has two option only loss or win, the same with gambling put our bet on sport betting win or loss and there are not optional get refund with our money later. I think future trading have liquidation way and its the same with gambling when loss predicting actually will loss fund and future trading with not accurate between short or long position open get chance loss our fund.
Seems comparison between future trading and gambling because potential losses our fund and why many people claimed about future trading is the same meaning with gambling.

You can compare futures trading to gambling because just as gambling has a high risk of losing money, futures trading has inherent risk of losing money. In case of futures trading, there is usually an opportunity to trade with a loan, but if there is a mistake in accepting the trade, the money can be lost in a moment. The risk of losing money will be reduced as the trade is taken for profit in futures trading. Future trading can generally be played in two ways, one may play the short method and the other may play the long method, but no matter which method one plays, everything has a specific target. If the price of that coin falls below or above the specified target, the trader will definitely lose his money.

This has been discussed several times on the forum. regardless of what your sister or your sister's friends do with their futures trading. it was the mistake of the trader, it was because he was a beginner and just learning and trading very greedily when trading futures. what goes bad is when he learns from videos, without better understanding and direction. maybe the trader made a mistake.
video might solve some problems but not for trading. learn from the right people. If you are learning on your own, then minimize the risk with small funds as a beginner.
we all have to say, that trading will never be the same as gambling.

Future trading will be gambling if you are trading blindly and just relying on chances. Trading is trading because we have things that we can do to improve our winning chance which is technical analysis and fundamental analysis. Longing or shorting without any idea is just pure gambling.

Futures trading is just risky as it's own and there are people who don't really realize it. Spot could be boring for some people but I believe it is the best way to do trades as you won't get liquidated on spot.

You can lose money even on regular trading such as spot trading. Futures trading is just more risky because you are opening positions with leverage which means you borrow money for high margin in exchange for an interest that you will automatically pay once your position is liquidated or closed whichever comes first.

@Oshondy was right that it’s not a gambling but rather just a high risk of trading. Not all activities that associated with risk can be considered as gambling because they have different purpose. Let’s not be confused that gambling risk is for entering purposes while trading is an investment tool.