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
Exchanges keep give warning sign before we can access future trading page, sometimes that simple thing is ignored by people especially who only rely in signal group. For me maybe trading is not something that can be mastered in 1 day, step by step needed maybe people can try to do spot trading, although sometimes profit not big as future, i think analysis is almost same and in spot we can do some ways to minimze loss. 
Topic: Trading futures without knowledge of chart patterns, is gambling not trading - page 4. (Read 871 times)
May 04, 2021, 01:48:05 PM
May 04, 2021, 01:25:10 PM
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
It is not easy to become successful traders, therefore it is necessary to have good preparation before deciding to trade. Moreover, if you intend to
trade futures, you must first master the spot trading. My advice is to practice more trading, in order to improve analytical skills and also be able
to predict coin price movements in the market. To achieve success in trading, don't forget to also correct mistakes that have been made when
trading. There are many things to learn when trading, so don't ever be lazy to learn everything about trading. The thing to remember is that
we must be patient when trading, because we can't succeed in a short time.
May 04, 2021, 02:53:12 AM
I 100% agree with you, when I went to futures, I just watched the videos on YouTube, then went to the TV channels with advice, the result was all hard-earned merged under 0.
I made a conclusion for myself that I will no longer trade futures until I have studied the trading models by 100%.
I made a conclusion for myself that I will no longer trade futures until I have studied the trading models by 100%.
May 04, 2021, 02:42:20 AM
Based on my personal experience wherein I just try to buy anytime I want, wait for the price to rise but instead of what I am expecting, it keeps going down. There is still a right timing for us to buy. One problem is just how to determine at which exact point is the right timing to buy and sell so it must be included on our research.
By timing is all about catching possible lower prices; yes I agree it should be included by your research and analysis so that you can make your trading a perfect timed one. Because of high volatility of markets, we cannot get the exact prices to buy or sell neither. So, you must go for referring your technical part to make sure that you are getting right price at given moment.Knowing your target is also important. It may seem that it is very easy to earn big money in trading but it isn't. Time and effort is what we really need to be able to determine how did this trading really works.
We cannot simply determine our target levels but it should be coming from same technical analysis. Because, if you're going by your own and comfort zone target levels then you might need to compromise your profit portions.When we are depending on only the research and analysis even for booking profits then we can avoid disappointments and later regrets.
May 04, 2021, 01:06:02 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
Yes I agree that we must have a proper knowledge if we want to become a trader. Based on my personal experience wherein I just try to buy anytime I want, wait for the price to rise but instead of what I am expecting, it keeps going down. There is still a right timing for us to buy. One problem is just how to determine at which exact point is the right timing to buy and sell so it must be included on our research. Knowing your target is also important. It may seem that it is very easy to earn big money in trading but it isn't. Time and effort is what we really need to be able to determine how did this trading really works. 
May 03, 2021, 06:35:49 PM
You are right dear friend, most people gamble with thier funds in crypto and thinks there are actually trading, it isn't called a trade when you don't even know when to enter or leave the market, entering at any point can lead to lose of funds because the market might move in the opposite direction, we will do ourslves more good if we learn more about crypto trading, not just learning how to execute trade but how to analyze trade also. Technical analysis is so important and let me say necessary in this sector, to be a successful trader u need technical analysis so much because it helps you to predict the market to an extent.
April 30, 2021, 10:26:34 AM
"Gambling" word have different meanings depends on where you are going to use it, since we're talking about Trading, "gambling" means risking your money in order to gain profits but the chances of making one is higher compare to the real "gambling" game, I hope it does make sense.
But, I understand OP is referring the exact same thing here like the "chances" are different when you are having knowledge and when you are not. Trading is not gambling, I agree. But, when people are approaching futures trading without proper preparation then their way of trading is very much similar to gambling.You could be very good at reading your charts but if you don't have the patience or don't know how to apply your risk management correctly forget about making profits
Yeah, making profits is not a simple thing like how it sounds and due to this is the reason people are struggling and losing all their capital even in spot trading. Futures trading is somehow having 10x more risk levels hence it will be consistently profitable only for pro traders. April 30, 2021, 09:29:28 AM
I got your point, but I disagree.
I mean, in order to gain experience to execute what you're learning, you still need to put up a trade, right? for me it is not gambling, especially if you're gonna make a trade using small amount of USDT or any coin you have in the futures, consider also the leverage you're gonna use of course.
"Gambling" word have different meanings depends on where you are going to use it, since we're talking about Trading, "gambling" means risking your money in order to gain profits but the chances of making one is higher compare to the real "gambling" game, I hope it does make sense.
I mean, in order to gain experience to execute what you're learning, you still need to put up a trade, right? for me it is not gambling, especially if you're gonna make a trade using small amount of USDT or any coin you have in the futures, consider also the leverage you're gonna use of course.
"Gambling" word have different meanings depends on where you are going to use it, since we're talking about Trading, "gambling" means risking your money in order to gain profits but the chances of making one is higher compare to the real "gambling" game, I hope it does make sense.
April 30, 2021, 09:18:53 AM
There is a whole lot more to trading than chart patterns, you need more confluence to agree with your next trade!
You could be very good at reading your charts but if you don't have the patience or don't know how to apply your risk management correctly forget about making profits because when you over risk and the market is out to look for liquidity where stop losses or pending orders are located, your account needs to handle the draw down before price goes your way.
You could be very good at reading your charts but if you don't have the patience or don't know how to apply your risk management correctly forget about making profits because when you over risk and the market is out to look for liquidity where stop losses or pending orders are located, your account needs to handle the draw down before price goes your way.
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April 30, 2021, 07:58:39 AM
Maybe you need to have a target profit in a day, not chase more profit when you already reach the profit for that day. Many traders want to make a big profit, and I admitted that I want to do that, but unfortunately, we can not always make a big profit in trading because the market will always change every day. If you can close your trading at the right time and not trying to make more profit in unknown situations, you will still make a profit. There will be other time to back to make a profit and just say enough for profit in that day.
April 30, 2021, 05:48:14 AM
Actually, it makes sense, people who trade without proper knowledge is like doing luck-based gambling, you are just relying on your luck without any proper knowledge which can u lose all your capital, beginners are commonly the victim of this thing, beginners are those who commonly do trading without any good knowledge because they are thinking that trading is quite similar with gambling, yes it is but there is still a big difference between both things.
April 30, 2021, 05:01:54 AM
You could say that it is still gambling even if you have a knowledge of chart pattern because futures is a really risky way to trade with the prices could be going up or down. Maybe it will help you have an edge but it will still be the same.
April 30, 2021, 04:09:29 AM
yes. i agree with you reading graphs,candlesticks and analysis of specific token is very important in trading crypto. in trading, you have a plan and research about specific coin to be effecient and not losing all your funds. by simply knowing all techniques in trading you can earn lot of money and be come successful someday.
April 29, 2021, 09:58:52 AM
What make me concern is when people follow trading signal, some of my friends joined telegram group which is contain signal although sometime give them profit, but sometimes they reach their stop loss too. I think with that can cause a lot of people only rely on others and can't analyze by themself which is actually bad because someday people should trade by themself.
Even we follow some trading analysis made by someone in telegram groups, we must also check and verify if the analysis is correct and have proof that it is legitimate. We should not 100% trust them, they can also made mistakes and I know that they also warn us for possibility. They are not financial advisor so we cannot blame them for the lose of our money. It's totally gambling if we are just depending on instinct, and you just follow your emotions. With that, you just ruin your trading portfolio and there a big possibility that you'll lose again and again. I think fundamental analysis is enough and basic knowledge is enough to trade. I know some people that have win in trades and they are very consistent in their trades.
April 29, 2021, 08:18:44 AM
It's not hard to learn the basic indicators in trading so I don't see any reason for not learning first before they execute their first trade and guess what, they do futures the first time and expect a huge return instantly, that's a total gambling for me.
Doing a futures is only for those who know how to read charts and its price trend, newbies should not take risk that much. Trading is almost the same with Gambling, the only difference is that in trading we have the chance to control our winnings but in gambling, its about your luck.
Doing a futures is only for those who know how to read charts and its price trend, newbies should not take risk that much. Trading is almost the same with Gambling, the only difference is that in trading we have the chance to control our winnings but in gambling, its about your luck.
April 29, 2021, 08:07:38 AM
I even avoided futures trading and never did it again. I only traded 1x futures and at first it made me profit, but slowly I suffered losses due to futures trading.
If you don't have good basic trading with reading chart patterns don't ever enter into futures trading, it's just a waste of money. Not just guessing like gambling.
i am currently more interested in spot trading because it is safer and more relaxed.
Everyone has a different opinion on futures trading, but I won't go into that again.
If you don't have good basic trading with reading chart patterns don't ever enter into futures trading, it's just a waste of money. Not just guessing like gambling.
i am currently more interested in spot trading because it is safer and more relaxed.
Everyone has a different opinion on futures trading, but I won't go into that again.
April 28, 2021, 04:07:49 PM
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
Well said mate , any investment without a proper knowledge is just like gambling, and relying on luck always isn't a good idea, cause you can't always be hoping on your lucky stars you will eventually run out of luck some day, that's why it's important to learn and develop a trading pattern rather than trade with lucks.Where you can only depends on assumptions. But its damn true that market doesn’t fluctuate according to your assumption
Always. So its like a gamble Where you can get rich or homeless.
Assumptions will never get you far enough in trading, you can only win 2 of 10 trades when you trade by assumptions, while the remaining 8 your account will be losing equity. Always. So its like a gamble Where you can get rich or homeless.
April 27, 2021, 11:33:00 PM
Future trading is extremely risky, one wrong move and you are finished. It is not always the pattern and chart reading that will help you to be successful. Actually no one can predict with 100% accuracy about the market trends for very short term and if you are playing at a higher leverage than you must know that your balance might reached zero in minutes. One of my friend lost all his money in future trading. So in my option future trading is just another name for gambling.
April 27, 2021, 10:42:56 PM
they learned the basic temporarily beause they are starters but once they spend a long time in trading they will level up and learn advanced techniques .
the basics of trades are about buy low and sell high .
this was easy to understand and you can leave in a right time if your not going to be greedy and i dont think that learning advanced techniques will make you immune to loosing but trading will still be gambling .
the basics of trades are about buy low and sell high .
this was easy to understand and you can leave in a right time if your not going to be greedy and i dont think that learning advanced techniques will make you immune to loosing but trading will still be gambling .
If the person is really eager to learn more about his chosen venue, the chance that they'll go deeper and understand
the whole concept of the business they are engaging.
The very chance as well that sooner or later they'll catch up and improve their chances of earnings from this type of
trading.
April 27, 2021, 03:18:36 PM
What make me concern is when people follow trading signal, some of my friends joined telegram group which is contain signal although sometime give them profit, but sometimes they reach their stop loss too. I think with that can cause a lot of people only rely on others and can't analyze by themself which is actually bad because someday people should trade by themself.
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