Trading futures without knowledge of chart patterns, is gambling not trading

boyptc

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Quote from: ebinoosha on June 20, 2021, 03:03:22 PM

i told some people this but it seemed irrelevant because they started trading during the bull major and made alot of money through futures by just longing and leaving it even if it retraces. now that market retraced much than the usual, i try to tell them to learn TA but dosent move them.

That's still a strategy and that's good for them if they've made money from the bull run.

Trading is also including the proper timing when you shall enter, whether bull market or bearish market then they have entered not knowing that they're in a good timing.

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Quote from: dotcoin.info on July 01, 2021, 05:08:21 PM

It seems to me that, all other things being equal, an untrained person will have much more chances in trading than in gambling. All the same, the casino is designed in such a way that it would always be in the black, your mathematical expectation will always be negative. But in trading, everything depends on you. And a beginner can be guided at least by news analysis or by the trend itself, which may well help him stay afloat for a while, but over time, without knowledge and experience, he will undoubtedly fail.

Impossible that he wont really be getting any experience and knowledge over time because such engagement will definitely giving you the idea gradually on how this market works this is why its hard to
believe on what you are saying.

Mistakes are common but overtime we would really be correcting those as we do go ahead because no professional hadn't start on being a newbie and we do all pass on this kind of state or situation.

Futures I do considered a bit on the gambling side but if you do know at least or a bit good on trading then you would really have some advantage over this but not always a guarantee.

Leverage/Futures are knowns as capital blowners. Cool

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It seems to me that, all other things being equal, an untrained person will have much more chances in trading than in gambling. All the same, the casino is designed in such a way that it would always be in the black, your mathematical expectation will always be negative. But in trading, everything depends on you. And a beginner can be guided at least by news analysis or by the trend itself, which may well help him stay afloat for a while, but over time, without knowledge and experience, he will undoubtedly fail.

ebinoosha

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i told some people this but it seemed irrelevant because they started trading during the bull major and made alot of money through futures by just longing and leaving it even if it retraces. now that market retraced much than the usual, i try to tell them to learn TA but dosent move them.

so98nn

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Futures and options is way way different than just trading or gambling. It faith is entirely based on the how the project is performing. In real world when we go for the futures then you have to study entire business of that company and learn it’s near future indicators.

With lack of information things can turn out badly. They do have bigger commissions but the risk involved is top of the line.

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Quote from: ziennakarishma21 on June 17, 2021, 08:58:31 AM

to become a successful trader you must not only be an experienced person but also have to have many other favorable factors such as money market and especially luck, and if you don't have those you When you are trading, you are playing a game of gambling, where you buy something and expect it to increase in price.

The market doesn't need luck.

Although futures is sort of a gamble and its entirety is different from gambling that requires luck. There's still the need to analyze and you need to make sure that you know the market itself for you to make money from futures.

I don't have to try futures and I know that I cannot do better on it. But there really are those traders that it's their niche and can make easy money from it.

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Quote from: ziennakarishma21 on June 17, 2021, 08:58:31 AM

to become a successful trader you must not only be an experienced person but also have to have many other favorable factors such as money market and especially luck, and if you don't have those you When you are trading, you are playing a game of gambling, where you buy something and expect it to increase in price.

That's true, the luck factor is also very influential but I think a good feeling is what determines success or failure in trading and also seeing information about the coin. many factors influence it. Patience is also one of them. experience is not something that promises success

ziennakarishma21

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to become a successful trader you must not only be an experienced person but also have to have many other favorable factors such as money market and especially luck, and if you don't have those you When you are trading, you are playing a game of gambling, where you buy something and expect it to increase in price.

molsewid

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Quote from: nurilham on May 19, 2021, 06:49:03 PM

That's right, moreover if it is only based on the feeling and also following other people free signals.
This is exactly gambling without any consideration. Once they are fortunate, they will get profits, and then they can fall so easily. But, this is very often happening in the crypto market because they only think about the profits, not risks.

Entering the world of trading all the way from scratch is hard that is why some of us especially newbie in trading are being dependent or following the free signals from other people. I guess following signals from other people is not bad but risky in a way that it could be applicable or it worked to other people but maybe it would not really work for you. There maybe some sort that it would work but it is required that along the way as long as it is work you need to educate also yourself for some aspect like what if this thing happen. For me knowledge on how to read charts is a necessity as a trader.

xSkylarx

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This is what I've been telling to my friends that want to try futures trading. They get attracted to the gains they saw from their friends on social media and get curious if they can still do it too. They don't know it is very risky and can cost you a lot of money in just seconds if the market goes opposite of what they want. I even see some people just dive into it with a huge capital but no knowledge at all. They think that futures trading is the way for them to be millionaires.

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Quote from: Emmychris on April 26, 2021, 04:44:34 AM

Most people just learn the basic of trading which is just executing trade, but this isn't enough to be a successful margin trader if not you keep loosing funds, you have to learn about chart patterns, know how to analyze trade, know how to read candles. With this knowledge of technical analysis you could actually know when to enter and leave the market, like it's said no one can actually know the direction of the market! I might be new but with my studies I can say technically analysis could help to predict the market to an extent. Trading futures without knowledge of technical analysis is just like gambling because you don't know the next movement your just trading based on luck

Even in gambling there is also some patterns and strategy to use meaning that it isn't that easy like both of them.
and also at so many chances , trading and gambling was being compared and it becomes more viral when you trade and lose everytime .

Quote from: Tigerheart3026 on June 16, 2021, 01:53:25 PM

even in gambling you have to know basic knowledge, gambling more risks than cryptocurrency trade,
i have done a few bet so i know how much pressure here, buy low/sell high it seems greedy trade, and not professional trading.

People must be aware of the danger and risk of everything they need to enter and invest.

either trading or gambling? both needs the same treatment and that is to risk and learn.

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Quote from: jambul_kribo on June 16, 2021, 06:57:08 PM

in every investment we need research about its project,we will find the advantages or minus by doing this. and its happen to future trading, without analisys both in technical or fundamental , lose our money will be easy thing.

Yeah, we must do risk only after strong research and analysis which must be the only part which distinguish our actions from gambling (because usually gambling do not require any other such analysis part). At the same time some people are actually gambling but in the name of trading but fortunately they are all making profits time to time because sometimes blindly buying and selling also getting them profits because of some basic fundamentals of this crypto space.

Quote from: andriarto on June 17, 2021, 12:57:40 AM

we must understand support and resistance because in that area sometimes prices react

Market may react at the support and resistance price levels but that cannot be the final one for the day; it means markets may move further beyond support and resistance levels that is the reason we are having support-1 and support-2 and resistance-1 and resistance-2 and so on.

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Quote from: Tigerheart3026 on June 16, 2021, 01:53:25 PM

even in gambling you have to know basic knowledge, gambling more risks than cryptocurrency trade,
i have done a few bet so i know how much pressure here, buy low/sell high it seems greedy trade, and not professional trading.

I think the criteria for buying low selling high are difficult to digest. when the price is low and we can buy it? because sometimes even though we feel the price is at the bottom but it turns out the price is back down again. therefore we must understand support and resistance because in that area sometimes prices react

jambul_kribo

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not only in future trading, but in every where when we investment our money and we did it without any analisys i could call it gambling. in every investment we need research about its project,we will find the advantages or minus by doing this. and its happen to future trading, without analisys both in technical or fundamental , lose our money will be easy thing.

Tigerheart3026

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even in gambling you have to know basic knowledge, gambling more risks than cryptocurrency trade,
i have done a few bet so i know how much pressure here, buy low/sell high it seems greedy trade, and not professional trading.

enawati

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I think trading futures good to do for full times trader, and actually the high risk come from the greedy by use high of leverage. If we want to make earn consistent profit from it, I think the most important thing than knowledge of TA is money management. The way to make profit from this leverage trading is by use only 1%-2% of trading balance per trade, use maximum 10x leverage and dont forget to use stop loss for every trade. Percentace of Take profit is always higher 1,5x-2x than stop loss, so by that we can reduce the loss.

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Very true, I've traded the spot market for quite some time, I've always thought that's where trading ends and that as long as I know everything about spot trading, I will be a super successful trader, but after quite a long time, I didn't make much, I discovered about futures trading and decided to try it out, yeah, for a little time I made alot of money but this were all based on luck, I know absolutely nothing about how to read chart or do technical analysis or even market assessment, so to cut the long story short, I was blind trading, I just enter the market blindly, not having any clue which way the market would go, I just do and hopes it goes my way and for quite a short period of time, I was lucky until one day, I lost everything, all the money I managed to make through high leveraged trading, everything vanished in just a twinkle of an eye, that was the day I quit day trading and decided to focus on investing.

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Quote from: awik p on May 20, 2021, 12:54:23 AM

Quote from: zanezane on May 19, 2021, 10:57:10 PM

~

but many people do it like that, without any knowledge and follow what friends are saying, with various examples that are sweet to hear. and in the end they become bait of their own fault. therefore do not want to get rich quick and in a short time, because everything requires a process

That's because we are a social species that can't live without socialization so we do everything what our friends do because we want to keep the bond we have with them and to have a sense of belonging. The other problem is whether you have the right friends or not because there are some people that got lucky with friends that really helps them.

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Quote from: sedahan13 on May 21, 2021, 12:18:45 AM

Its not enough to have knowledge of chart pattern, we need also have good psychological and enough patient to decide when good time to click the order. Many my friends avoid futures trading because this type of trading too risky. Even trader who already more than 7 year in crypto market avoid it, because there are other way to make money with lower risk. Spot trading on crypto and stocks market is better for trading and profit with less risk. I dont want to take risk loss 100% with percentace of profit 100% or above because in spot market we can make it with lower risk.

True!

This doesn't only rely with chart patterns but also mixed up with some intuition and guts when making up your position because charts aren't that precise from time to time

but I can say that this would be the major factor that you should know when you do deal with futures or leverage. Always consider the possible scenarios could happen like news
and other fundamentals.

with these things it can really changed out the market trend on point.So you should be prepared on setting up stop losses and others.

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Quote from: richcorner100 on May 18, 2021, 12:31:32 AM

Even we have good knowledge about technical analysis, that not enough to be successfully trader on futures market. We need more than that, should be also understand how to minimize the risk by put only 5% of trading balance there, and remaining for the better trade coin on spot market.

Even 5% is a lot because you can see your money vanish in futures trading within moments so I would say like 1-2% is enough and that too after you have learned how it works and what are the possible means of doing it. Futures is more like gambling for me because no one in the world can predict small movements in crypto and that is where future trading revolves around. If I am not wrong there is upto 125x leverage so imagine how quickly your funds will be liquidated.

Quote from: suryogandul on May 11, 2021, 11:38:05 AM

I think a lot of newbies do the wrong thing for them to trade just buy low and sell high. even though it's not like that, you have to use techniques and analysis to see how the profit is made from the trading pattern, if the pattern fails to replace it with a new pattern, but if the pattern is successful, maintain it and develop it for the better.

There are demo trading accounts if you want to test your knowledge and I agree one should never jump into real trading unless they have a method which they tested and was successful for them. Crypto trading is already volatile enough and one should not make it harder for themselves by jumping into it without any prior experience.

Quote from: Obito on May 10, 2021, 01:16:38 AM

I don't think that everyone that had a beginner's luck needs to suffer the same fate, maybe if they were cocky and got too emotional for the rest of the day doing trades then they are probably going to meet bad ending.

They develop overconfidence just like some of the gamblers think they can win every bet just because they managed to win a good bet on crazy odds. Later this overconfidence works against them because no one can make a living out of luck only.

Topic: Trading futures without knowledge of chart patterns, is gambling not trading (Read 871 times)