Topic: Trading futures without knowledge of chart patterns, is gambling not trading - page 2. (Read 871 times)
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.
May 20, 2021, 10:23:37 AM
I cant consider spot trade to be safer but it is way more better than with futures even the tendency of possible profit is bit high but i dont see to be that worth and
just like yours im not really that much confident on dealing with higher risk because it do really stresses out much more compared when i do make out some spots.
Been able to try it for several occasions but i cant really bare nor handle out the risk but there are still who directly test out and put their foot into the
field without much knowledge and awareness about the risk level until they do experience it out through themselves.
While spot trading still carries the risk of loss, spot trading is safer than futures.just like yours im not really that much confident on dealing with higher risk because it do really stresses out much more compared when i do make out some spots.
Been able to try it for several occasions but i cant really bare nor handle out the risk but there are still who directly test out and put their foot into the
field without much knowledge and awareness about the risk level until they do experience it out through themselves.
Whatever type of trade is chosen actually depends on the individual himself. If it is suitable to trade in futures and can read the market well, it is not a problem. However, if you are only armed with the courage with a lot of capital, it's better not to try it, because no matter how much money you have, if you don't understand what to do, don't try it.
The need to know the basic knowledge of technical analysis trading will be very useful for analyzing the market either in spot or futures trading.
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May 20, 2021, 10:17:55 AM
Having knowledge in the chart patterns reading doesn't make anyone that trading in futures not to be gambling because futures trading is the riskiest form of trading in crypto so making successful trade in future don't total have to with chart knowledge but luck though having chary knowledge increase the chance of making success.
Knowing how to read the market chart, having basic knowledge of the candlestick reading, that simply gives us an advantage but knowingly that the market is unpredictable, it sometimes we rely on our trades into having a LUCK. But if we wanted to increase our chances of being profitable, it is a need for us to have these trading tools. It is much better to have such a high level of market understanding rather than to be NO-HOW as we can't just leave our trading journey like we are gambling. As the more we keep rooting what is Trading, the more we appreciate it and surely it turns you back.
I have already pointed it out the benefit of have knowledge about the chart but the market being unpredictable as some point is the reason why i see trading as another form of gambling.
May 20, 2021, 12:54:23 AM
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.
The problem is some of them got peer pressured to try futures because everyone around that person does it which is a suicide for your money because you clearly have no knowledge and your friends who do it doesn't have a clear idea too. 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.
May 19, 2021, 10:57:10 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.
The problem is some of them got peer pressured to try futures because everyone around that person does it which is a suicide for your money because you clearly have no knowledge and your friends who do it doesn't have a clear idea too. 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.
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.
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.
May 19, 2021, 06:20:03 PM
Having knowledge in the chart patterns reading doesn't make anyone that trading in futures not to be gambling because futures trading is the riskiest form of trading in crypto so making successful trade in future don't total have to with chart knowledge but luck though having chary knowledge increase the chance of making success.
Knowing how to read the market chart, having basic knowledge of the candlestick reading, that simply gives us an advantage but knowingly that the market is unpredictable, it sometimes we rely on our trades into having a LUCK. But if we wanted to increase our chances of being profitable, it is a need for us to have these trading tools. It is much better to have such a high level of market understanding rather than to be NO-HOW as we can't just leave our trading journey like we are gambling. As the more we keep rooting what is Trading, the more we appreciate it and surely it turns you back.
Dealing on it without proper knowledge about charts and indicators will mostly lost up money into this manner.This isnt something that you can treat just like gambling.
You would really be having an advantage if you do just know on how to read up even with those candles and not just put up some money and treating on making out a bet.
May 19, 2021, 06:16:31 PM
Having knowledge in the chart patterns reading doesn't make anyone that trading in futures not to be gambling because futures trading is the riskiest form of trading in crypto so making successful trade in future don't total have to with chart knowledge but luck though having chary knowledge increase the chance of making success.
Knowing how to read the market chart, having basic knowledge of the candlestick reading, that simply gives us an advantage but knowingly that the market is unpredictable, it sometimes we rely on our trades into having a LUCK. But if we wanted to increase our chances of being profitable, it is a need for us to have these trading tools. It is much better to have such a high level of market understanding rather than to be NO-HOW as we can't just leave our trading journey like we are gambling. As the more we keep rooting what is Trading, the more we appreciate it and surely it turns you back.
May 19, 2021, 05:22:46 PM
Many ordinary people who enter futures trading are armed only with their courage and luck without knowing how to determine good positions and read charts properly. it does look like gambling. if the guess is right then you gain, but if the guess is wrong then you will lose.
I stay away from futures trading because it messes up my psychology. too risky trading future for me. I prefer spot trading because it is safer and more relaxed. getting profit on spot trading would be better.
I cant consider spot trade to be safer but it is way more better than with futures even the tendency of possible profit is bit high but i dont see to be that worth and I stay away from futures trading because it messes up my psychology. too risky trading future for me. I prefer spot trading because it is safer and more relaxed. getting profit on spot trading would be better.
just like yours im not really that much confident on dealing with higher risk because it do really stresses out much more compared when i do make out some spots.
Been able to try it for several occasions but i cant really bare nor handle out the risk but there are still who directly test out and put their foot into the
field without much knowledge and awareness about the risk level until they do experience it out through themselves.
May 19, 2021, 03:44:52 PM
Many ordinary people who enter futures trading are armed only with their courage and luck without knowing how to determine good positions and read charts properly. it does look like gambling. if the guess is right then you gain, but if the guess is wrong then you will lose.
I stay away from futures trading because it messes up my psychology. too risky trading future for me. I prefer spot trading because it is safer and more relaxed. getting profit on spot trading would be better.
I stay away from futures trading because it messes up my psychology. too risky trading future for me. I prefer spot trading because it is safer and more relaxed. getting profit on spot trading would be better.
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May 19, 2021, 12:31:21 PM
Having knowledge in the chart patterns reading doesn't make anyone that trading in futures not to be gambling because futures trading is the riskiest form of trading in crypto so making successful trade in future don't total have to with chart knowledge but luck though having chary knowledge increase the chance of making success.
May 19, 2021, 11:44:44 AM
I avoid trading futures because i know just alittle bit trader can make money in consistent there. 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.
Spot market does not include liquidation and borrowing services, that can allow us to often turn a blind eye to the disasters the market is facing because our nature is not oriented towards short term and quick ideals, we have defined a long-term hoard and wait strategy but maybe a lot of people don't like these normal contract deals. Almost everyone moves their assets to the future playing field to speed up their winning but the contract itself doesn't really fit all, too many services enhance failure and speed up losing like gambling May 19, 2021, 11:07:12 AM
Think a huge number of crypto traders (for that matter, all traders) lack discipline. Leverage (with futures) only add oil to fire. So many think they are good at trading only because crypto goes in massive upward trends. Hard to lose in such trends. But once things turn... watch out!
May 19, 2021, 10:53:55 AM
I thought before that I only need to buy low and sell high (I only know a very basic knowledge before), and surprisingly the coin that I hold suddenly increase to 10x the price of what I bought. After few weeks of doing this, I earn a significant profit. I always follow popularly and newly launches altcoins that are my technique before. I don't think it can apply to this day. That is why I don't do this now.
Yes because most of the coins are scams nowadays and the golden years we had when altcoin was a serious thing are now gone. The best way we can now invest and profit from new projects is by carefully examining the team behind the project and analyzing their whitepaper.If the team is good, they will always work hard to achieve the goals and to achieve the goals, there must be a realistic and approachable whitepaper so those are the two most important things for me when I buy a new coin.
Even we have good knowledge about technical analysis, that not enough to be successfully trader on futures market.
The problem with futures trading is that you cannot withstand a small fluctuation because the profits are high but for the same reason the margin of fluctuations you can bear is very low. When a coin is on the rise or being hyped like dogecoin then you can do it, but otherwise very risky. May 18, 2021, 01:01:18 AM
traders without knowledge sometimes make big profits early in their career, but in fact it is the beginning of their downfall, because they think that trading is easy. and it is certain that in the end if they do not want to learn then they will also fall, unable to survive in the world of trading
This is like me when I start trading. I thought before that I only need to buy low and sell high (I only know a very basic knowledge before), and surprisingly the coin that I hold suddenly increase to 10x the price of what I bought. After few weeks of doing this, I earn a significant profit. I always follow popularly and newly launches altcoins that are my technique before. I don't think it can apply to this day. That is why I don't do this now. 
May 18, 2021, 12:31:32 AM
I avoid trading futures because i know just alittle bit trader can make money in consistent there. 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.
May 11, 2021, 11:38:05 AM
in trading it cannot be used as an experimental arena, because everything requires good analysis and patterns. 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.
May 10, 2021, 01:16:38 AM
traders without knowledge sometimes make big profits early in their career, but in fact it is the beginning of their downfall, because they think that trading is easy. and it is certain that in the end if they do not want to learn then they will also fall, unable to survive in the world of trading
That's called beginner's luck and you are right that it will be their downfall but 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. 
May 09, 2021, 08:11:22 AM
I've seen newbies who are new to it and they don't have enough knowledge about leveraging. They're easily liquidated and that's discouraging them to trade because they thought that leverage trading is easy as what they've heard.
Getting liquidated is more common in leveraged trading and when you are trading without proper knowledge, I'm sure you cannot escape at least with one trade; leverage trading is that much dangerous one. I am seeing both newbies and experienced traders getting liquidated more frequently and due to this reason I never recommend anyone to go for leveraged trading at any cost.Indeed its impossible also to have winrate, what i meant is you will have a masive losses in it if you continue pursuing your self to trade without specific information related to the trading.
Yes, even the traders who are all perfect in all knowledge and skill, facing losses in crypto trading time to time because of unpredictable market volatility. So, keep trading without the proper preparation will definitely increase the risk levels into 10x. Unfortunately most beginners are risking like this, they are simply throwing out their hard earned money with the reason of keep trying their luck in trading; they are almost seeing trading like gambling. May 08, 2021, 10:35:52 PM
It's like you just give your money to someone if you will enter trading without any knowledge wherein how it really works and how risky it's especially on that kind of situation. Indeed its impossible also to have winrate, what i meant is you will have a masive losses in it if you continue pursuing your self to trade without specific information related to the trading.. And yes it will become gambling afterwards wherein a game of luck.
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