since you wager when you predict which team is going to win in a sports match, you therefore are betting for a team to win which means gambling. the fine line between futures trading i guess will make people conclude it is also gambling since the trader is also predicting where the market will go within a time.
so maybe it's just gambling as well. the binary trading seems to be classified as gambling, it's even on casinos like rollbit. the difference is that in trading you have a tool for predicting the market while in a sports match, you just analyze based on the skills and previous games.
Topic: Maybe future trade is gambling - page 8. (Read 930 times)
Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
Trading is trading. Future trading is future trading. Gambling is gambling.
The question is: Is future trading risky as gambling? Yes. The higher the leverage the higher the risks.
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?
Jump to: