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

[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.