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

[Emmychris]

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

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[boyptc]

And the same as trading but in trading, you're not obliged to sell or buy at any time because you can chill.

Whilst in futures, you are obligated to track your trade, or else you'll be liquidated. Most newbies are only looking at the percentage of profit that they can get on it but forget how risky it is if they're not prepared.

[samcrypto]

Any form of investing without having the right knowledge is gambling and you are taking too much risk if you this, this is why many got burn in futures trading because they though they can easily make money here until they got liquidated and almost burn out their total capital.

You can see a lot of good post about their earnings in social media and many newbies are rushing to the market because of that without making their own research, and once they enter in the market they tend to trade using futures, well you can expect the next thing that can happen to them. Always have time to learn, don’t take any shortcuts and just enjoy the process you can be more profitable once you have the right knowledge.

[nelson4lov]

~Snipped

Given how much risks comes leveraged trading and futures, undertaking trades that isn't backed by a solid bias based on either a good technical analysis of the respective market or at the very least, some fundamental analysis before opening a new positions should be considered as just a gamble and nothing more. Anybody that is truly serious about taking on leveraged trades should be patient enough to learn technical analysis and how to use the various tools.

[Bitcoin_Arena]

Not just futures trading, one ought to learn when to enter and exit the market even when spot trading. There is also a lot more to trading than just technical analysis, you have to be very disciplined, principled and keep your emotions in check whilst trading or else the Technical analysis you will have made would be in vain.

Proper risk Management is also one of the important aspects one has to take into consideration

When I was a newbie in trading, I made all sorts of mistakes from Greed, FOMO, no risk management plan, no exit strategy you name it and  I lost a lot of money for quite some time.

[FanEagle]

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!

Even you are a master of all the things you have mentioned, I'm afraid still you will be lagging for margin trading. Because margin trading itself in a gambling, nothing will help you there except your luck factor. I am a good example for this; I have been into trading for more than 10 years still I'm not profitable with margin trading..

When you are availing leverage your multiplying your risk factor which must be the core reason why margin trading is simply turning as gambling; spot trading is good because your risk factor remains as it is and you can easily tackle it with the help of technical analysis hence there are plenty of chances for making profits in spot trading compared to margin trading.

[ScamViruS]

If you want to trade in any market, it is very important that you have trading knowledge and experience. It is not an easy task to predict the future price movement of the market. Futures trading is very risky, to trade in this market you need to be an expert in trading, otherwise if you open a position depending on luck like gambling, it will not take long for your account to become zero. Inexperienced traders take high leverage in futures trading to make quick profits, but sadly that position later turned into a nightmare. This is because if you cannot predict the movement of the market in advance and follow proper money management, there must be huge losses.

So I think you should stay away from the futures market if you don't have proper trading knowledge and expertise in trading. Maybe some trades can be profitable without any kind of analysis but in the long run there will be big dangers waiting.

[ice098]

Any form of investing without having the right knowledge is gambling and you are taking too much risk if you this, this is why many got burn in futures trading because they though they can easily make money here until they got liquidated and almost burn out their total capital.

You can see a lot of good post about their earnings in social media and many newbies are rushing to the market because of that without making their own research, and once they enter in the market they tend to trade using futures, well you can expect the next thing that can happen to them. Always have time to learn, don’t take any shortcuts and just enjoy the process you can be more profitable once you have the right knowledge.

Precisely, that is why it is still and always an ultimatum that whenever you are going to enter any kind of work or job be sure that you have already made yourself a self education about that thing that you are going to enter. A basic knowledge was the most important thing that you need to be able to survived, and in trading reading or knowing about chart patterns was a basic skills that need to know by every trader. Though it is crucial, but this would definitely help you to improve your other skills that required in trading, it will help you prevent from huge loss ahead.

[goldade]

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

Why would anyone call himself a trader if he has not learnt how to analyse trade, read candles or understand chart patterns? Technical analysis is the most important thing to learn if you'd become a successful trader.
I've seen people ( i wouldn't call them traders) who skip technical analysis only to end up losing funds because all of their trades are just mere gambling.
If truly you intend to make profits trading, then you should make out to learn all there is to technical analysis.  It's very important even more than fundamental analysis which some people believe is more important

[fahmimajannat]

Actually that's true.
Without gaining knowledge trading is just a gambling. 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.

[jahepahit]

I don't know why anyone would do futures without having a technical analysis knowledge its purely gambling. But maybe some people have the luck to do that because I have seen some people that made real money from futures without any knowledge of TA. They just follow coin movement, that's what they tell me when I ask them how they do it.

[2double0]

Risk management and understanding of leverage should also be practiced when trading futures because if risk is not considered, loss may be more than how much that trade could lose you and without understanding how much max leverage you can use for your trades, you are just gambling on a dice game by changing the leverage number to higher that works as payout numbers and then waiting for the results to go either on your direction or against it.

[nelson4lov]

Actually that's true.
Without gaining knowledge trading is just a gambling. 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.

Trading is a profession and should be taken seriously rather than likely similar to how gambling is done. And that's what people fail to realize about trading. To really excel in the market, one has to learn how to trade and that involves learning how to analyze the market using the technical trading tools that are already available. The problem here lies in the fact that most people just want profit while being unwilling togo through the learning process and its too bad.

[crzy]

Even if you have the knowledge in trading but if you do trade without proper plan and strategies, I consider that as gambling especially if you are just joining the hype because you are depending on your luck, and you make no analysis on that.

We all have to see trading as your real job and trading requires enough time to analyze, futures are very risky and I will not take any actions in future without understanding the market trend, i don’t want to lose my money easily.

[2double0]

<<>>
We all have to see trading as your real job and trading requires enough time to analyze, futures are very risky and I will not take any actions in future without understanding the market trend, i don’t want to lose my money easily.

Futures are not risky at all if you do it with proper leverage like 2-3x maximum and set a stop loss after calculating your risk to reward. It will minimize your losses and improve your gains. If you use a risk to reward of 1:3 or 1:5, then you can do much better futures trading and gain so much again if proper risks are calculated.

[death69]

Acutally, I feel that technical analysis only allocates 20% of a successful trader. 80% is about money management and emotional control. There are people who do not have knowledge of trading but disciplined rules which make them a consistent winner in trading, especially in the crypto world. During this bull run, anyone can become rich without having a piece of knowledge in trading. And people who have their rules in trading are the best earners because they can easily cope with black swan, sudden correction or significant sell-off without having dramatic pain and thus, can continue to move on and make a correct decision whether to buy or sell a coin

[agustina2]

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

Trading Futures is another level. Why would you risk money here if you don't know how's the difficulty here. And futures is really a gamble. Even with how professional you are, there are chances that your funds will be burned in Trading Futures.

It's different from Spot Trading where basic knowledge about trading is enough before someone can start on it.

[Vaculin]

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

That means that you are asking for some luck. But it seems so hopeless, I mean, that guaranteed nothing.
On the other hand, trading without even having the basic knowledge is just like you are depositing your money to the exchanger without expecting it will get back to you. That is why, if we wanted to become a successful trader, it was first to invest ourselves to learning about it, not just to learn while in actual trading because it is possible that you lose a lot of money before you got what you wanted.

[DoublerHunter]

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

^ I could not agree more, but look at this one. Deny it or not, these traders are getting massive profits even when they do not have any idea about technical charts, patterns, and analysis. Indeed this is gambling, but it is good enough a gambling that gives big odds isn’t it? But of course, this is only temporary. Sooner or later, they will experience loss from trading will try to sell at red numbers. And that is the time they will learn their lesson to study charts. Probably most of us did start with that kind of approach. I would admit myself being one before, but I learned from my mistakes at get up.

[bitgolden]

Trading Futures is another level. Why would you risk money here if you don't know how's the difficulty here. And futures is really a gamble. Even with how professional you are, there are chances that your funds will be burned in Trading Futures.

I believe by mentioning another level, you are referring the complexity of futures trading; because sometimes by another level most people are understanding like it is superior than what we are currently doing in spot trading. And I agree that even for professional traders predicting market direction will be too hard hence it is true with the statement of professional traders also facing big frustration in futures trading.

It's different from Spot Trading where basic knowledge about trading is enough before someone can start on it.

I'm just seeing that it's a misconception about spot trading. Maybe spot trading is less-cruel than futures trading still you cannot approach it easily. You must make sure you are having enough skill before starting with spot trading as well.

[tbct_mt2]

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.

Basics, what are they?
- Candles
- Types of orders
- Patterns
- Fractals
- Cycles
- Buy and sell walls
- Some indicators if you want some. Don't include more than 3 indicators in your chart.

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!

You can leave the market too early or too late or you decide to hodl but you will be alive and your portfolio can recover later if
- You don't buy shit and scam coins
- You don't use leverages, margins and your positions get liquidated.

Trading is gambling for any type of trades: Spots, margin/ leverage, future, binary if you don't control your emotion and orders. Make orders arbitrarily means gambling, not trading.

[cheezcarls]

Yup that really makes sense in futures trading. It’s really essential for us to become knowledgeable in cryptocurrency trading. In futures trading, it’s considered gamble if you don’t know about the chart patterns but instead you go for the short or long option without any knowledge.

If we take our time at least a few minutes to an hour a day in learning about the basics of cryptocurrency trading like technical analysis, patterns, etc., for sure it would be a bit simpler for us to decide whether we go long or short, but still the risks are high. It’s important that we should learn how to manage our risks and finances properly, especially in crypto futures trading.

[blckhawk]

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

Yeah, pretty much a gambler I'd say if you will trade without having enough knowledge because even those people who have enough experience and knowledge and making their own analysis still lose, now imagine those who have can't read market charts. However, in another way of trading like a spot or something those persons who have no idea of reading the chart can still win and that is through following the current trend. That strategy is the most commonly used by newcomers in the crypto market. This could also somehow work on future trades but not all time of course.

[udidrone]

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

Must really carefully and understand at least how future works, because at first i trade only with $4 but liquid until all my $30 gone  . I think will be dangerous and if people trade recklessly, big possibility that people will lose all his money like when i found i think if not wrong, a girl trade with $400 but not mention sell order i think she trade in future trading.

[darewaller]

in another way of trading like a spot or something those persons who have no idea of reading the chart can still win and that is through following the current trend. That strategy is the most commonly used by newcomers in the crypto market. This could also somehow work on future trades but not all time of course.

Yeah both spot and margin trading might get us profits for same level of knowledge and technical analysis but when people go for higher leverage then the chances for withstanding against high volatility becomes lesser as they may get liquidated. This is the simple reason why people are successful with spot trading but facing losses in margin trading.

Must really carefully and understand at least how future works, because at first i trade only with $4 but liquid until all my $30 gone

Yeah, that is the cruel nature of leveraged trading. At the same time, you can trade with $30 like you are having $300 and may get profits like 10% or 20% of $300, that is also possible in margin trading but you must have strong technical so that you will enter at exact reversal and catch some price movements.

[sujonali1819]

From my end I want to say even spot trading without the proper knowledge about trading is like as gambling and Future/margin trading without knowledge about it is more that gamble I have to say. I really afraid it.

In every unexpected BTC dump we can see there are a lot of news that billions billions dollars are liquidated. That means trader loss their all fund. And most of the cases future trade done by very experienced person in trading. If they liquidated in such unexpected dump of btc then what will for the people who don't know more about future trading.

[imstillthebest]

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 .

[Yatsan]

Anything being done without having any prior knowledge about that certain thing can be considered as a gambling for you are forcing yourself get into luck that odds will be favorable to you not to suffer from loss putting efforts even you still certainly know about that thing. Trading without having prior knowledge as well as strong foundation of what it takes to do trading will put you into high risk and instead of acquiring profit, you will just suffer from loss. Remember that doing trading have lots of risks associated with it and to be able to survive we need to deal with those risks and that is when experience, knowledge and strategy goes by to make you survive doing trading whatever kind it is.

[conected]

Yup that really makes sense in futures trading. It’s really essential for us to become knowledgeable in cryptocurrency trading. In futures trading, it’s considered gamble if you don’t know about the chart patterns but instead you go for the short or long option without any knowledge.

If we take our time at least a few minutes to an hour a day in learning about the basics of cryptocurrency trading like technical analysis, patterns, etc., for sure it would be a bit simpler for us to decide whether we go long or short, but still the risks are high. It’s important that we should learn how to manage our risks and finances properly, especially in crypto futures trading.

- Knowing more the charts and the basic form of futures trading, that will be the basis for confidence and think that we are safer than those who lack knowledge, accept a correct part in this ideal but the gambling element is still flashing a lot here because futures trading is a convergence of psychological manipulation and disruption, taking each other's assets. The setup process is based on only two forms of up and down prediction, a similar product with gambling but more advanced, more knowledge and more chart is still not difficult to win, gambling nature is too potential

[Dewi Aries]

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.

[matchi2011]

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 .

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.

[jasonjm]

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.

[Traderbtcc]

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.

[taufik123]

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.

[goaldigger]

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.

[SacriFries11]

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.

[cyriljundos]

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.

[Kong Hey Pakboy]

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.

[Alucard1]

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.

[ethereumhunter]

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.

[Woodie]

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.

[AicecreaME]

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.

[SquallLeonhart]

"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.

[rosebrand]

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.

[EiKaGlaShPriSAThWEl]

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.

[tygeade]

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.

[MIner1448]

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%.

[Gheka]

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.

Indeed, before going to another form of trading such as futures trading, traders need to maintain a relative win rate in normal trading, use your own strengths, instead of relying on others or pure luck of feelings, get serious with it before moving into more risky areas. From that point forward, the next steps in futures trading will not turn us into gamblers, we will be traders but the warning here is quite risky, only a small portion of the asset is sought for success, the majority of professional traders succeed in traditional trading, futures contract was never ideal with the leverage that it offers

[iamsange]

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.

[wiss19]

I made a conclusion for myself that I will no longer trade futures until I have studied the trading models by 100%.

I am afraid that you will get chances to master all the aspects of futures trading 100% because I heard even professional traders are not learning 100% but they are profitable because of their practical knowledge. I am not urging you to get into trading right away but you should practice more in demo accounts so that you will get more knowledge rather than depending on learning from other materials in 100%.

Moreover, instead of looking for opportunities in futures trading, you must get into spot trading for safer yet profitable trading. Spot trading is good for slow and steady profits.

[shield132]

<<>>
We all have to see trading as your real job and trading requires enough time to analyze, futures are very risky and I will not take any actions in future without understanding the market trend, i don’t want to lose my money easily.

Futures are not risky at all if you do it with proper leverage like 2-3x maximum and set a stop loss after calculating your risk to reward. It will minimize your losses and improve your gains. If you use a risk to reward of 1:3 or 1:5, then you can do much better futures trading and gain so much again if proper risks are calculated.

The problem is that crypto market is so unpredictable, it often happens that the stop loss order we choose is often the amount where our currency falls but doesn't exceed much lower and rises again. Then we blame ourselves and don't set stop losses, then we get anxious because the same happens but we don't want to lose and this situation repeats frequently.

One thing is true, futures is amazing but you have to use max 2-3x leverage or not use at all (1x). Leverage means both, higher profit and higher loss chance. Trading is very risky and you shouldn't trade with the money that you can't really afford to lose. Trading should be like a hobby and you should rarely trade. I haven't seen a person who trades daily and makes profit and/or feels good.

There is one rule! What goes around, comes around! And futures gives you the possibility to profit from both, "go around" and "come around".

[Sinjokubhi]

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, it is true, after understanding basic knowledge, the next step we need to emphasize is technical analysis. Even though we already know about how it works, we also have to know how it is obtained, namely by means of analysis techniques. It is not easy to learn this. Understand the direction of the chart, understand candlesticks, and analyze trades. It is incomplete if trading is not carried out with this, because it is true what you say, if we get a profit without accompanied by analysis techniques, it will only be a fortune.

Usually you read and analyze charts and candlesticks. You can find out where the next market movement pattern is going and what actions you have to take, of course it will be easy to do because we already know what will happen. Even though not all of the predictions are correct, at least we already have a point to anticipate what will happen later. Do not rely solely on news or announcements from accounts, or groups. But you can determine it yourself through technical analysis. It is difficult, but I think it must be learned.

[Alisha-k]

You can't venture into any adventure unprepared and unskilled. To be classified as a trader you must have a well structured trading technique be it fundamental or technical. The bottom line remains such a trader must have an entry trigger. Which could be regarded as what the traders gets as a signal before executing a trade

[FanEagle]

You can't venture into any adventure unprepared and unskilled. To be classified as a trader you must have a well structured trading technique be it fundamental or technical.

But unfortunately many people are preferring those adventures and that too in manner of unprepared. Honestly I could not get those people who risk their money even there are lots of people keep shouting about the all possible risks of losing money in quick time. It seems they love fun and not the profits.

The bottom line remains such a trader must have an entry trigger. Which could be regarded as what the traders gets as a signal before executing a trade

You mean that they do enter into trading due to they are provided with easy signals from third party? I never trust any signals from others; instead of risking based on other's signal, it would be much better we can simply leave the trading and may go enjoying that money in other ways.

[thesmallgod]

When you are taking a great risk, you will discover that you are losing a lot of funds. This is because it is the basis to study technical analysis of crypto chart and also understand very well how to use trading tools in order to minimize the risk which exactly what the op has explained in order to avoid gambling rather than trading

[jostorres]

it is the basis to study technical analysis of crypto chart and also understand very well how to use trading tools in order to minimize the risk which exactly what the op has explained in order to avoid gambling rather than trading

But, it seems that only knowledge alone will not enough to be successful in futures trading but you must need good experiences as well so that you could get chances to tackle the ever changing market conditions of cryptos. So, just being good at technical analysis and chart reading may not help you like how spot trading is doing for most naive yet good technical analysts.

There is always a slight differences between trading and gambling but it is really unfortunate that many traders are approaching trading in gambling way by not understanding its risk levels fully.

[kram31]

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

In the first place, I agreed in the statement you said in which " We must learn the basic trading " this was actually right. But, using technical analysis especially for the newbies who come here in crypto space, it would be difficult for them to adopt it for sure. Perhaps, fundamental analysis is enough for us to earn, and knowing how to read candlestick, or patterns would also help as well too. Without this basic idea in trading I am pretty sure everything we do will be turn into nothing but to loss your assets just as simple as that.

[Questat]

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

Do trading without knowing even the basic things is just suicide.

Yeah, that your right that some people are hoping for Good luck but that is impossible if we don't do anything to improve our trades. Basically, trading needs knowledge and skills, not just having a LUCK alone. I actually asking for luck however, we can't just rely upon it but instead, it must be accompanied by hard work and also the use of our knowledge and skills.

[jaberwock]

Basically, trading needs knowledge and skills, not just having a LUCK alone. I actually asking for luck however, we can't just rely upon it but instead, it must be accompanied by hard work and also the use of our knowledge and skills.

Yeah, in trading also luck will favor you if you are good in knowledge and skills like how it does with braves. Luck factor is something which we can be manipulated through our analysis. It may sound hard and strange because people do call luck is something unpredictable or uncontrollable but in trading we can get into be lucky if we are good at skills.

Not alone in futures trading, even in spot trading if we do not know what we are doing then that is simply a gambling and nothing more. At the same time, if we know what we are going to do and performing everything within pre-determined calculations then luck will start favoring us which will end up in profits obviously.

[Kittygalore]

When you are taking a great risk, you will discover that you are losing a lot of funds. This is because it is the basis to study technical analysis of crypto chart and also understand very well how to use trading tools in order to minimize the risk which exactly what the op has explained in order to avoid gambling rather than trading

You don't have to lose those funds when you are taking great risk, it's not like life is a one track only, you can take great risk and still be smart about what to do next. Also, why go for futures first when it is the most risky of them all? Learn the ropes first before going for the heavy stuff.

[totaleclipseofthebank]

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

Do trading without knowing even the basic things is just suicide.

Yeah, that your right that some people are hoping for Good luck but that is impossible if we don't do anything to improve our trades. Basically, trading needs knowledge and skills, not just having a LUCK alone. I actually asking for luck however, we can't just rely upon it but instead, it must be accompanied by hard work and also the use of our knowledge and skills.

I agree. At least you need some basic knowledge in order to make a proper order.

Sadly, during this hot time, I see many people earning huge money without having any fundamental. They just recklessly invest in any coin they see and apparently, the market creates countless opportunities for them. So these people become more and more careless. It is not good at all.

[gabbie2010]

I made a conclusion for myself that I will no longer trade futures until I have studied the trading models by 100%.

I am afraid that you will get chances to master all the aspects of futures trading 100% because I heard even professional traders are not learning 100% but they are profitable because of their practical knowledge. I am not urging you to get into trading right away but you should practice more in demo accounts so that you will get more knowledge rather than depending on learning from other materials in 100%.

Moreover, instead of looking for opportunities in futures trading, you must get into spot trading for safer yet profitable trading. Spot trading is good for slow and steady profits.

As a trader future trading is a no area for me because of the high risk involved, even with the  knowledge of charting techniques and candlestick pattern few losses can lead to rekting of the whole portfolio, I only trade cross margin and spot trading which I believed is less risky and I can control  my emotions trading it.
Future trading has a huge leverage and  only experienced traders with huge portfolio are  recommended for that type of trading, newbies should keep off from it

[k@suy]

I agree. At least you need some basic knowledge in order to make a proper order.

Sadly, during this hot time, I see many people earning huge money without having any fundamental. They just recklessly invest in any coin they see and apparently, the market creates countless opportunities for them. So these people become more and more careless. It is not good at all.

Trading futures without knowledge of chart paterns was totally not trading but is a gambling, how could you jump into a term of trading when you don't have any idea about this essential knowledge of knowing how to read and analyze charts.
Well I guess knowledge about know how to see and analyze chart patterns was classified as a basic knowledge that every person wanted to become a trader.
Trading was risky but it is different from gambling that you would have some sort of luck, because in trading the more you make luck part of your job the more it is risky.

[wahyu wida]

I made a conclusion for myself that I will no longer trade futures until I have studied the trading models by 100%.

I am afraid that you will get chances to master all the aspects of futures trading 100% because I heard even professional traders are not learning 100% but they are profitable because of their practical knowledge. I am not urging you to get into trading right away but you should practice more in demo accounts so that you will get more knowledge rather than depending on learning from other materials in 100%.

Moreover, instead of looking for opportunities in futures trading, you must get into spot trading for safer yet profitable trading. Spot trading is good for slow and steady profits.

As a trader future trading is a no area for me because of the high risk involved, even with the  knowledge of charting techniques and candlestick pattern few losses can lead to rekting of the whole portfolio, I only trade cross margin and spot trading which I believed is less risky and I can control  my emotions trading it.
Future trading has a huge leverage and  only experienced traders with huge portfolio are  recommended for that type of trading, newbies should keep off from it

actually even with the leverage system trading we can still trade safely. but indeed we have to learn about analytical techniques, monetary management, and psychology. with discipline to the plans that have been made beforehand, I think it is safe

[SquallLeonhart]

actually even with the leverage system trading we can still trade safely. but indeed we have to learn about analytical techniques, monetary management, and psychology. with discipline to the plans that have been made beforehand, I think it is safe

Yeah there are traders who are making use of leverage trading into their massive profits making but if you look into ratio of successful traders against losing traders due to availing leverage in crypto markets then you will definitely get shocked. Crypto markets's volatility is more cruel than any other markets. Whales manipulation must be another big reason.

in trading the more you make luck part of your job the more it is risky.

I believe this is what OP is emphasizing; trading in futures without enough skill, must be having more risk to lose; that is obviously equivalent to gambling.

[Ridwan Fauzi]

Indeed, most new traders just want to get profit instant so as they will justify any means to get money in an easy way but they do not think about the losses they will experience.

Moreover with future trading, you just need a few minutes to experience a huge lose. Your money will be depend on the leverage that you use, if you use high leverage then you can see with low time frame the movement your capital.

This has happened to me when I just started to trade. I don't have a long mind to decided for trading, I just deposited money and use a high leverage to get a lot of profit but it is just pulled me to met a huge loses. And when I know a bit about trading strategy then I realized that what I have done was a stupid.

[7788bitcoin]

I believe this is what OP is emphasizing; trading in futures without enough skill, must be having more risk to lose; that is obviously equivalent to gambling.

If you are able to keep things simple and stick to the basics of getting into the market when the market is on a bull phase and then have the patience to hold for the long term then you will not end up in a loss. In cryptocurrency you cannot be trading successfully even if you have the charts and patterns as it does not give you any concrete answer because the data availability is really small and with that you cannot make any meaningful assessment that could be helpful. 

[boyptc]

actually even with the leverage system trading we can still trade safely.

No.

That's not safe at all.

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.

But reality knocks them.

[boty]

I made a conclusion for myself that I will no longer trade futures until I have studied the trading models by 100%.

I am afraid that you will get chances to master all the aspects of futures trading 100% because I heard even professional traders are not learning 100% but they are profitable because of their practical knowledge. I am not urging you to get into trading right away but you should practice more in demo accounts so that you will get more knowledge rather than depending on learning from other materials in 100%.

Moreover, instead of looking for opportunities in futures trading, you must get into spot trading for safer yet profitable trading. Spot trading is good for slow and steady profits.

As a trader future trading is a no area for me because of the high risk involved, even with the  knowledge of charting techniques and candlestick pattern few losses can lead to rekting of the whole portfolio, I only trade cross margin and spot trading which I believed is less risky and I can control  my emotions trading it.
Future trading has a huge leverage and  only experienced traders with huge portfolio are  recommended for that type of trading, newbies should keep off from it

actually even with the leverage system trading we can still trade safely. but indeed we have to learn about analytical techniques, monetary management, and psychology. with discipline to the plans that have been made beforehand, I think it is safe

you must be an expert to make futures trading safe. its not easy while we talk it theoritically, in fact our mental underpressure and some of them prefer to cut loss or cut profit before both of them hit. maybe if we use 3x leverage it will be more safe for us , maybe its like spot trading but used uge moneyt.

[Ararbermas]

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.

[bitgolden]

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.

[Obito]

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.

[suryogandul]

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.

[richcorner100]

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.

[Dadan]

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.

[jostorres]

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.

[CSquared Collective]

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!

[geegaw]

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

[suzanne5223]

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.

[taufik123]

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.

[Mahanton]

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
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.

[Hypnosis00]

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.

[Oilacris]

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.

We cant really deny that luck is a bit relevant when we do make out some trades because of this very unpredictable market and thats why who do rushed up on doing trades specially in futures do wreck out because of being unprepared.

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.

[nurilham]

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.

[zanezane]

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.

[awik p]

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.

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

[suzanne5223]

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 totally agreed with what you said cause it good to have basic knowledge in everything we do either in crypto or the real life business cause it will put someone on the edge.
 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.

[taufik123]

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.

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.

[sedahan13]

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.

[dezoel]

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.

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.

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.

[Lanatsa]

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.

[zanezane]

~

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.

[Fivestar4everMVP]

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.

[enawati]

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.

[Tigerheart3026]

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.

[jambul_kribo]

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.

[andriarto]

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

[perfect999]

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.

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.

[Reatim]

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 .

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.

[xSkylarx]

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.

[molsewid]

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.

[ziennakarishma21]

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.

[xmonkeyx]

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

[livingfree]

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.

[so98nn]

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.

[ebinoosha]

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.

[dotcoin.info]

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.

[Lanatsa]

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. 

[boyptc]

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.