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

[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.