Maybe future trade is gambling

[Luizwalter Crypt]

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?

Trading in general could be gambling and at the same time not gambling depending on how the trader approaches the market.

It becomes gambling when you open your trading charts, see a trade going one direction and without properly spending time to analyze the market just dive in to the market and keep an expectation of a certain amount of dollars you want from the market and keep praying the trade goes your direction to meet your demand then you close the trade. And most atimes even when it gets to your expectation you leave it thinking more would come and you begin to struggle with your emotions and atlast trades like this ends in lose.

But on the other hand it's not gambling when you Do your proper analysis and backed up with your trading plan and you open your trade position and set a sl and tp and wait patiently for the results.

So, to newbies it's gambling in a way but more like a game for professionals so we need to learn till it becomes part of us then success follows.

[BitcoinTurk]

Now my question is futures trade is actually gambling? Or how did he lose all his dollars?

Trading and gambling aren't the same thing but using high leverage in futures can turn trading into a gambling. For example, using 100x leverage results in twice the profit or liquidity on a 1% price movement depending on the position. In other words, although it isn't exactly the same, there will be a risk similar to high-low dice games and it will be possible to make money completely depending on luck (of course, the correct direction of movement can be determined with technical analysis but financial markets can also move contrary to expectations). On the other hand, using leverage between 2x and 5x is a very good advantage especially for individuals with low capital and it isn't a gamble because the slightest movements in prices don't cause these positions to become liquid or gain several times in a few seconds.

In summary, I can say that futures transactions aren't gambling if the correct leverage is used and technical analysis of the traded financial product is made but trading a financial product with randomly and high leverage without technical analysis is gambling.

[I_Anime]

Well future trading and gambling are literally two different thing. When you have good knowledge and principles on how trading works your way of trading won't be taken as gambling, but in a scenario when an individual have an half-size knowledge about trading and have this crazy mindset that trading is a get rich quick scheme.

Which may lead to you being reckless when it comes to trading, using uncontrollable leverages in order to keep on to that mindset of yours that trading is get rich scheme. And doing in so you may endup losing alot of your funds either by cutting losse at the wrong time or getting yourself liquidated due to the use of high leverages.

That why keep telling those that are new to the field of trading to not start their trading journey with future trading, but to first start by exercising spot trading first to gain more knowledge with lesser risk attached it. With that you be able to know how to manage your risks .

[adpinbr]

Sometimes trading is not what you think it is, it is a game of understanding and it never something you will not be able to accommodate if you understand the real Step to take and it will be the best thing for you to do and what is good for you,sometimes trading is not just what you think it is, it a game of understanding and having a full knowledge on what you do about trading and the decisions you should take on it, trading is a real skill that will profit you and you should know how to work on it and control your emotions.

[stomachgrowls]

Now my question is futures trade is actually gambling? Or how did he lose all his dollars?

Trading and gambling aren't the same thing but using high leverage in futures can turn trading into a gambling. For example, using 100x leverage results in twice the profit or liquidity on a 1% price movement depending on the position. In other words, although it isn't exactly the same, there will be a risk similar to high-low dice games and it will be possible to make money completely depending on luck (of course, the correct direction of movement can be determined with technical analysis but financial markets can also move contrary to expectations). On the other hand, using leverage between 2x and 5x is a very good advantage especially for individuals with low capital and it isn't a gamble because the slightest movements in prices don't cause these positions to become liquid or gain several times in a few seconds.

In summary, I can say that futures transactions aren't gambling if the correct leverage is used and technical analysis of the traded financial product is made but trading a financial product with randomly and high leverage without technical analysis is gambling.

Would really be that totally depending on how you would really be handling out risk and reward ratio on which we know that this would really be the main issue for most people specially on the moment that they are making trades on which they do treat it as a gambling specially into those who are into future. Instead on sticking with that maximum 2-3x they do rather go 50x or 120x on which i could say that it is really that close to gambling, even if you do say that they are applying analysis but we do know on how fast you would really be putting up yourself on getting liquidated on the moment that the market will really be making out that significant movement on which we know that it could lose you money but well its always been part but in speaking about being mindful about risk reward ratio then it is something not recommended for newbies.

Its not really that gambling since you could put up some analysis into it, it did really just that turned out that the leverage on what it makes even more riskier. If you couldnt be able to bare up with the risks
then it would really be just that simply quit up or would be avoiding but if you are a risk taker then its your choice to make but make it sure that you are really that aware on the things that you've been
dealing so that you wont really be that shocked on what you are really that dealing with.

[Fullcoinese]

Sometimes trading is not what you think it is, it is a game of understanding and it never something you will not be able to accommodate if you understand the real Step to take and it will be the best thing for you to do and what is good for you,sometimes trading is not just what you think it is, it a game of understanding and having a full knowledge on what you do about trading and the decisions you should take on it, trading is a real skill that will profit you and you should know how to work on it and control your emotions.

not all trades will be profitable. There are times when you will be wrong in making predictions and that's when you feel a loss.
trading and gambling can be equated only when you trade but don't have anything to start with. you are trading just guessing and that is why some beginners in trading may feel that trading is the same as gambling.
they don't know much about trading, so all they know is luck in guessing the direction of price movements.

[Bushdark]

Sometimes trading is not what you think it is, it is a game of understanding and it never something you will not be able to accommodate if you understand the real Step to take and it will be the best thing for you to do and what is good for you,sometimes trading is not just what you think it is, it a game of understanding and having a full knowledge on what you do about trading and the decisions you should take on it, trading is a real skill that will profit you and you should know how to work on it and control your emotions.

It all depends on how we actually see trading. There are different people that see trading as gambling while other could see it as more of luck or skill. Whatever the way we see it we should know that all falls down to having the knowledge to trade in the market.
Crypto trading could be a little bit different from forex trading and that is the mistakes many traders are making and we need to be wise and take proper risk management when trading to earn profits.

[Bravut]

Trading is results are never luck. Trading is simply about skill, acceptance of losses or win, and risk management.
Your brother loss is very normal, why it became worse is because he didn't apply proper risk management which if he did won't have amount to such loss, besides he doesn't understand anything on how to trade. I don't see a situation whereby watching of YouTube videos will guarantee one to trade instantly without back testing, understanding market logic over and over again.
He has learnt the hard, all good. Nextime he should be patient before jumping into the market and I suggest he keep on, overtime he will be a sharp Trader.

[Gaza13]

not all trades will be profitable. There are times when you will be wrong in making predictions and that's when you feel a loss.
trading and gambling can be equated only when you trade but don't have anything to start with. you are trading just guessing and that is why some beginners in trading may feel that trading is the same as gambling.
they don't know much about trading, so all they know is luck in guessing the direction of price movements.

I think beginners want to try trading, their curiosity is high so they jump in there and also think that they can make money there much faster. That's a beginner's mistake in trying something and not thinking about it again. Indeed, many people see trading as gambling. In my opinion, trading is much more difficult to understand than gambling. Even though we have learned from various sources or social media and various existing indicators, we cannot necessarily predict it. There is no absolutely perfect indicator in predicting prices in the market, even someone who is skilled can sometimes still predict wrongly.

[lixer]

Sometimes trading is not what you think it is, it is a game of understanding and it never something you will not be able to accommodate if you understand the real Step to take and it will be the best thing for you to do and what is good for you,sometimes trading is not just what you think it is, it a game of understanding and having a full knowledge on what you do about trading and the decisions you should take on it, trading is a real skill that will profit you and you should know how to work on it and control your emotions.

Think of what? Like a gambling? We might think of other things but it was gambling is the ones that is popularly linked to it. When we are still starting to trade, this is where we can think it is like a gambling, especially if we are lazy to skip the learning part but as soon as we gain an experience, realize our mistakes, and working out to change our selves for the better.

Our views about trading is also changing. One of it is now like you said, a mental game. Trading is not a skill but rather it is an activity, or an opportunity. A skill is a product of our efforts but no doubt that trading can test our real skills and it can also sharpen it, which is nice.

[bittraffic]

Trading is results are never luck. Trading is simply about skill, acceptance of losses or win, and risk management.
Your brother loss is very normal, why it became worse is because he didn't apply proper risk management which if he did won't have amount to such loss, besides he doesn't understand anything on how to trade. I don't see a situation whereby watching of YouTube videos will guarantee one to trade instantly without back testing, understanding market logic over and over again.
He has learnt the hard, all good. Nextime he should be patient before jumping into the market and I suggest he keep on, overtime he will be a sharp Trader.

Sure it needs skills.
It's still speculating where the market trend goes but as a trader, they have the tool to profit through the leverage exponentially and this is where it almost becomes gambling since you as a trader are amplifying your gains or losses. It is not for everybody, especially for someone who has limited capital. But what can be really considered gambling I think its the binary options.

[MRY]

not all trades will be profitable. There are times when you will be wrong in making predictions and that's when you feel a loss.
trading and gambling can be equated only when you trade but don't have anything to start with. you are trading just guessing and that is why some beginners in trading may feel that trading is the same as gambling.
they don't know much about trading, so all they know is luck in guessing the direction of price movements.

I think beginners want to try trading, their curiosity is high so they jump in there and also think that they can make money there much faster. That's a beginner's mistake in trying something and not thinking about it again. Indeed, many people see trading as gambling. In my opinion, trading is much more difficult to understand than gambling. Even though we have learned from various sources or social media and various existing indicators, we cannot necessarily predict it. There is no absolutely perfect indicator in predicting prices in the market, even someone who is skilled can sometimes still predict wrongly.

Only a few people who don't understand trading will say that what we do in the market is gambling. Lack of education about trading makes them think like that. Therefore, we must be able to control our patience when we are told something like that. As a woman, I am often told that, my response is just to tell them to learn various types of cryptocurrency trading so that they understand better.

[OrangeII]

I think, there will be 2 opinions, the first they will say that futures trading is very similar to gambling, and the other is that it really differentiates between gambling and futures trading. Personally, I see that basically trading and gambling cannot be equated. However, I think future trading has almost the same characteristics as gambling. Even though future trading can increase the percentage of wins we can get, the risk of it is that we lose the assets we own, just like gambling. I still think that normal trading is spot trading. So, personally, I differentiate between gambling and future trading, but they have the same risks.

[coinerer]

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?

Futures trading has the advantage of taking leverage, because the more you trade with leverage, the higher your risk. In gambling there is a chance of your balance going to zero and similarly in futures trading there is a chance of going to zero if you don't make the right trades. Hence futures trading can be considered as gambling. Because depending on luck one can become rich or poor in a very short time through futures trading and gambling. and that thing depends on luck and money involved. That is called gambling.

[Vinaa77]

Only a few people who don't understand trading will say that what we do in the market is gambling. Lack of education about trading makes them think like that. Therefore, we must be able to control our patience when we are told something like that. As a woman, I am often told that, my response is just to tell them to learn various types of cryptocurrency trading so that they understand better.

That's right, those who don't understand trading well will of course think that trading is the same as gambling and I think this is because they think that the risk they take in trading is almost the same as the risk in gambling, but this only applies to them who cannot understand trading well and if they can understand trading well, of course they will have planning and analysis before they decide to buy a coin, because then of course they will have the potential to gain profits from trading and for them those who don't understand well of course they will do as they please and not do any analysis and only luck can give them profits in the trades they make, self-control when trading is of course very important and if someone trades with emotion then there is a big possibility they will not be able to make the right decisions and they will also do it greedily, of course this will be very detrimental to themselves.

[ringgo96]

I think, there will be 2 opinions, the first they will say that futures trading is very similar to gambling, and the other is that it really differentiates between gambling and futures trading. Personally, I see that basically trading and gambling cannot be equated. However, I think future trading has almost the same characteristics as gambling. Even though future trading can increase the percentage of wins we can get, the risk of it is that we lose the assets we own, just like gambling. I still think that normal trading is spot trading. So, personally, I differentiate between gambling and future trading, but they have the same risks.

The trading we do now is almost the same as gambling, because we have to use capital and wait for the price movement to occur, but for spot trading, I also don't want to go into gambling because the way it works is almost the same as gambling, but this depends Our respective beliefs because in this case there are many opinions that come to conclusions with different thoughts, so we also have to be confident in the decisions we have taken at this time.