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

[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.

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[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.