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Author Topic: Between futures trading and gambling  (Read 1859 times)
Silberman
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July 08, 2023, 06:25:10 PM
 #181

The biggest difference between futures trading and gambling is that in futures trading, you can control the outcome, whereas in gambling, you cannot. Futures trading involves speculating of the future price, while gambling is a form of entertainment. With futures trading you do need to consider a lot of factors like maket trend, analysis data and make correct trading decision. In gambling all you do not need any kind of skills, comparing the two does not make any sense. It is incorrect to assume that they are the same, as they are not.
No one can actually control the outcome in futures trading, that is a wrong statement, what you can do in futures trading is predict the outcome more accurately with the help of market knowledge, experience, and fundamental and technical analysis, and that is what makes it different from gambling because you don't have a chart to read or a team or a project to analyze or a past to check when it comes to gambling, it's pure speculation.

The outcome of both of course isn't guaranteed, even in futures trading, you don't win all the time, if that were the case, there wouldn't be millions of dollars getting liquidated every now and then, that happens because people choose the wrong sides and market moves the other way, but it is just that if you are careful and have a lot of experience, you will have more chances of getting profits.
Traders need to understand that this idea that everyone can win over the long term is not realistic or even possible at all, trading is very similar to poker, if there are 10 players and each one has 1k over the table then that 10k will be redistributed among them, some will leave with more than 1k while some will leave with less than that, now in theory poker is a zero sum game but since you need to pay the rake as well then this means the amount everyone leaves the table is even less than 10k, and the same is true for trading due to the commissions exchanges charge you.
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July 08, 2023, 08:28:37 PM
 #182

Gambling and trading are not similar. There are quite a few differences between gambling and futures trading in terms of type. In gambling, money is completely put at risk so the gambler gives up hope of that money. There are chances of winning and losing the bet money. The amount of money a gambler will win or lose on a bet can be determined in advance. in addition trading is basically speculative. There the gambler can have no preconceived notion of profit or loss. Futures trading is also risky as it is highly volatile. Although some consider gambling and futures trading similar in terms of risk but they are different.
I was reading your response  with so much keen interest hoping to see the difference  between gambling  and futures  but I didn't see you mention any difference between them and I don't know if I'm wrong.
To the best of my knowledge,  I've always seen trading in general  and gambling as one and I personally  will always chose trading above gambling because I think I feel more secure and at some points, I have to use the money received from trading to gamble and thats to say that i would see trading as a major job and see gambling  as a side hustle.

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July 12, 2023, 06:30:41 PM
 #183

Gambling and trading are not similar. There are quite a few differences between gambling and futures trading in terms of type. In gambling, money is completely put at risk so the gambler gives up hope of that money. There are chances of winning and losing the bet money. The amount of money a gambler will win or lose on a bet can be determined in advance. in addition trading is basically speculative. There the gambler can have no preconceived notion of profit or loss. Futures trading is also risky as it is highly volatile. Although some consider gambling and futures trading similar in terms of risk but they are different.
I was reading your response  with so much keen interest hoping to see the difference  between gambling  and futures  but I didn't see you mention any difference between them and I don't know if I'm wrong.
To the best of my knowledge,  I've always seen trading in general  and gambling as one and I personally  will always chose trading above gambling because I think I feel more secure and at some points, I have to use the money received from trading to gamble and thats to say that i would see trading as a major job and see gambling  as a side hustle.
Spot trading and gambling are without a doubt different, while in both of those activities you are putting your money at risk, you do not get to decide anything in gambling except the size of your bet and what game you want to play, however when you trade you can pick the risk you want to take, how much money you are willing to win or to lose and the best moment to enter the market to reduce said risk, this is a tremendous difference and if used well you can even become profitable given enough time.
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July 12, 2023, 07:10:25 PM
 #184


would you prefer to gamble in a casino and make some money or learn about futures trading and make some money?

Learning how to trade better still going into gambling is two different thing that we need to understand and the both do not even guarantee profit if I'm not mistaken. There are people who go into trading to make profits and end up losing the money without even making a single profit and there arf people that go into gaming and gambling also with the hope of making money but still end up not making any thing.

 So we need to know that not all gamblers or traders that are successful. Some persons decided to leave trading or gambling because they don't have money anymore since they had been losing since they started gambling. We need to know what works for us and make sure we define the reason why we are going for any of the two with our goal at one corner of our chest.

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July 12, 2023, 07:43:21 PM
 #185

I was reading your response  with so much keen interest hoping to see the difference  between gambling  and futures  but I didn't see you mention any difference between them and I don't know if I'm wrong.
To the best of my knowledge,  I've always seen trading in general  and gambling as one and I personally  will always chose trading above gambling because I think I feel more secure and at some points, I have to use the money received from trading to gamble and thats to say that i would see trading as a major job and see gambling  as a side hustle.
For me, there is one very significant difference, gambling for me is just entertainment, and trading for me has always been comparable to the goal of making money. In both cases it is difficult, but a lot also depends on our attitude, if I treat gambling as entertainment, then I will never risk a lot of money, it will be an insignificant budget for me, which if I lose, I will not be upset.

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July 12, 2023, 10:55:52 PM
 #186

I was reading your response  with so much keen interest hoping to see the difference  between gambling  and futures  but I didn't see you mention any difference between them and I don't know if I'm wrong.
To the best of my knowledge,  I've always seen trading in general  and gambling as one and I personally  will always chose trading above gambling because I think I feel more secure and at some points, I have to use the money received from trading to gamble and thats to say that i would see trading as a major job and see gambling  as a side hustle.
For me, there is one very significant difference, gambling for me is just entertainment, and trading for me has always been comparable to the goal of making money. In both cases it is difficult, but a lot also depends on our attitude, if I treat gambling as entertainment, then I will never risk a lot of money, it will be an insignificant budget for me, which if I lose, I will not be upset.

It's about choosing the intention and I see your point about both gambling and trading, if you can do it together and choose one as real source of income and the other is for your entertainment, the balance will depends from how you see execute your practices, I see some traders who treat the business just the same way they are doing it inside gambling.

The more you learn the business, the better you understand. I mean, the deeper you focus and engage yourself, the better you
earn your potential.

It's you who needs to protect your money. Either you pick gambling or trading, it's a matter of how you execute your practices.

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July 12, 2023, 11:46:48 PM
 #187

Especially in my case I would prefer a casino or gambling game. Because I can start gambling on any match or casino but I will have a hope which site will win. But in the case of a futures trading, it is never possible to predict when the market momentum may reverse. In some cases the money is life changing so I think casino is the best way to make money which is less risky than futures trading. Futures trading can kill people's lives within moments which is very risky. But I had a lot of fun making money from the casino but it seems pretty safe.

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July 14, 2023, 05:28:20 PM
 #188

I was reading your response  with so much keen interest hoping to see the difference  between gambling  and futures  but I didn't see you mention any difference between them and I don't know if I'm wrong.
To the best of my knowledge,  I've always seen trading in general  and gambling as one and I personally  will always chose trading above gambling because I think I feel more secure and at some points, I have to use the money received from trading to gamble and thats to say that i would see trading as a major job and see gambling  as a side hustle.
For me, there is one very significant difference, gambling for me is just entertainment, and trading for me has always been comparable to the goal of making money. In both cases it is difficult, but a lot also depends on our attitude, if I treat gambling as entertainment, then I will never risk a lot of money, it will be an insignificant budget for me, which if I lose, I will not be upset.
What about those who take gambling as a way of earning money? Would that mean that trading and gambling are the same thing for them? In reality, they are not the same and the difference is not only what you mentioned, but they have totally different structures, gambling is a business that is created to earn money for the owners, and trading is a method for earning money that isn't owned by a person, though you can do trading at platforms controlled by people.

Gambling depends totally on one's luck while trading requires you to have knowledge and experience of the market and have analytical skills so that you can evaluate and analyze different cryptocurrencies before you can place your trades only to avoid losses, you can't do that for gambling.

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July 16, 2023, 05:09:38 AM
 #189

Especially in my case I would prefer a casino or gambling game. Because I can start gambling on any match or casino but I will have a hope which site will win. But in the case of a futures trading, it is never possible to predict when the market momentum may reverse. In some cases the money is life changing so I think casino is the best way to make money which is less risky than futures trading. Futures trading can kill people's lives within moments which is very risky. But I had a lot of fun making money from the casino but it seems pretty safe.
Gambling at your favorite casino is a great way to obtain the fun and entertainment that you are looking for, but with the exception of a few professional gamblers out there and some lucky people, for the rest of us gambling produces losses and not profits, in the case of futures trading the chances of losing are also very high, it is just that with the right knowledge and skills you could become profitable, however if you do not have what is necessary to make those profits your losses can be quite high, as in theory you will be using a great deal of the money you have saved over the years and it will be difficult for you to recover from such loss.
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July 16, 2023, 08:04:18 AM
 #190

Especially in my case I would prefer a casino or gambling game. Because I can start gambling on any match or casino but I will have a hope which site will win. But in the case of a futures trading, it is never possible to predict when the market momentum may reverse. In some cases the money is life changing so I think casino is the best way to make money which is less risky than futures trading. Futures trading can kill people's lives within moments which is very risky. But I had a lot of fun making money from the casino but it seems pretty safe.
Lol, there's not possible to predict and hope which one will win because players always changed, they get older, shit can happen etc. While futures trading, you're need to learn about candle stick and how to scalp, with a big experience you got from trial and error, it's technically possible you can make money in futures trading.

Casino is a luck based game, even though you're playing sport, poker etc, you still need luck.

R


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July 16, 2023, 10:00:29 AM
 #191

Especially in my case I would prefer a casino or gambling game. Because I can start gambling on any match or casino but I will have a hope which site will win. But in the case of a futures trading, it is never possible to predict when the market momentum may reverse. In some cases the money is life changing so I think casino is the best way to make money which is less risky than futures trading. Futures trading can kill people's lives within moments which is very risky. But I had a lot of fun making money from the casino but it seems pretty safe.
It is very possible to predict the market if you have the ability. Just like you can gamble and win money. Everything will depend on how well you can make money, whether from a casino or trading futures. If you are comfortable betting on sports because you can win some money, you can stay in it and keep making money. Meanwhile, if people are comfortable with future trading, they can still make money from future trading. But we must know that gambling and trading have their own risks and that's what we must avoid by knowing how to avoid big risks.

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July 16, 2023, 10:14:05 AM
 #192

There are many gamblers that can gamble just to have some fun and make money in the process and there are some that focus on gambling only to make money so I would like to ask such people a question.

would you prefer to gamble in a casino and make some money or learn about futures trading and make some money?

Which one do you actually find to be more easier and I believe that futures trading is also capable of giving someone life-changing money but which one do you believe is less risky than the other?

I seem to be pretty sure that they would prefer a game that makes money, and that they can get in gambling. Although futures trading and gambling can both make money and lose money, but basically futures trading requires them to do a lot of learning and understanding first. At least such a process may be considered difficult and may make feel like a waste of time, because basically they will prefer instant ways to make money like in gambling.

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July 16, 2023, 10:22:09 AM
 #193

Especially in my case I would prefer a casino or gambling game. Because I can start gambling on any match or casino but I will have a hope which site will win. But in the case of a futures trading, it is never possible to predict when the market momentum may reverse. In some cases the money is life changing so I think casino is the best way to make money which is less risky than futures trading. Futures trading can kill people's lives within moments which is very risky. But I had a lot of fun making money from the casino but it seems pretty safe.
It is very possible to predict the market if you have the ability. Just like you can gamble and win money. Everything will depend on how well you can make money, whether from a casino or trading futures. If you are comfortable betting on sports because you can win some money, you can stay in it and keep making money. Meanwhile, if people are comfortable with future trading, they can still make money from future trading. But we must know that gambling and trading have their own risks and that's what we must avoid by knowing how to avoid big risks.

The ability to predict the outcome is very easy to do by everyone. But predicting the outcome accurately is a different thing which only very few can do this and you can’t do this alone with prediction through analysis since tough luck is still a deciding factor to win a prediction. There’s some game which a heavy under dog manage to have a big come back with just one lucky punch or submission. Same with other sports that a favorite team didn’t perform as expected due to unknown reason.

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July 16, 2023, 10:27:43 AM
 #194

There are many gamblers that can gamble just to have some fun and make money in the process and there are some that focus on gambling only to make money so I would like to ask such people a question.

would you prefer to gamble in a casino and make some money or learn about futures trading and make some money?

Which one do you actually find to be more easier and I believe that futures trading is also capable of giving someone life-changing money but which one do you believe is less risky than the other?

Trading and gambling both are totally different, however, i may highlight the key difference between them.

Gambling requires no skill, you just deposit, bet and win or lose. The same goes for the casino games. Everything depends upon luck. Even a layman can understand gambling without any problem.

However, trading is a skill and future trading is even more difficult. Going into a future trade without a plan may end up losing all your portfolio. You need to understand the basis of the financial markets before you can understand and do the trading.

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July 16, 2023, 02:44:20 PM
 #195

There are many gamblers that can gamble just to have some fun and make money in the process and there are some that focus on gambling only to make money so I would like to ask such people a question.

would you prefer to gamble in a casino and make some money or learn about futures trading and make some money?

Which one do you actually find to be more easier and I believe that futures trading is also capable of giving someone life-changing money but which one do you believe is less risky than the other?

Trading and gambling both are totally different, however, i may highlight the key difference between them.

Gambling requires no skill, you just deposit, bet and win or lose. The same goes for the casino games. Everything depends upon luck. Even a layman can understand gambling without any problem.

However, trading is a skill and future trading is even more difficult. Going into a future trade without a plan may end up losing all your portfolio. You need to understand the basis of the financial markets before you can understand and do the trading.

Some people are simple minded though. If they both can make you money instantly, it's all the same as binary like win or lose. Futures trading to them is like red or green light on the intersection. They don't even need to learn indicators to bet for it will be like predicting whether the next 1 hour candle will green or red. A gambler who can luckily go long and incidentally the price goes up, then it's a win.

If they put it that way then futures trading can be considered gambling.


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fullhdpixel
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July 16, 2023, 05:19:43 PM
 #196

Especially in my case I would prefer a casino or gambling game. Because I can start gambling on any match or casino but I will have a hope which site will win. But in the case of a futures trading, it is never possible to predict when the market momentum may reverse. In some cases the money is life changing so I think casino is the best way to make money which is less risky than futures trading. Futures trading can kill people's lives within moments which is very risky. But I had a lot of fun making money from the casino but it seems pretty safe.
Lol, there's not possible to predict and hope which one will win because players always changed, they get older, shit can happen etc. While futures trading, you're need to learn about candle stick and how to scalp, with a big experience you got from trial and error, it's technically possible you can make money in futures trading.

Casino is a luck based game, even though you're playing sport, poker etc, you still need luck.
Some people basically don't understand that even sports betting and poker require luck for you to win because they are also parts of gambling, even if you have a lot of experience and knowledge about both poker and sports betting, you can still lose a bet even if you think that it's a sure win and there is basically no chance for you to lose it, and it often happens in sports betting where you bet on the stronger team thinking of an easy win but still lose.

So basically, no prediction has a 100% possibility of being accurate, there is always a chance of a prediction being wrong, especially when it comes to gambling because in gambling, there is no sure bet because every single bet has some possibility of going against you.

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ethereumhunter
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July 17, 2023, 06:20:49 AM
 #197

The ability to predict the outcome is very easy to do by everyone. But predicting the outcome accurately is a different thing which only very few can do this and you can’t do this alone with prediction through analysis since tough luck is still a deciding factor to win a prediction. There’s some game which a heavy under dog manage to have a big come back with just one lucky punch or submission. Same with other sports that a favorite team didn’t perform as expected due to unknown reason.
Indeed, everyone can have predictive abilities, but the problem is that not everyone can have predictive abilities that are almost accurate (don't say accurate because it's very difficult). Only by continuing to learn to analyze the information obtained that people can do because it can improve their abilities. After having that ability, they can choose an easy match according to them. And also the chances of winning will be greater than before because they already have good analytical skills.

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July 17, 2023, 06:59:19 AM
 #198

The biggest difference between futures trading and gambling is that in futures trading, you can control the outcome, whereas in gambling, you cannot. Futures trading involves speculating of the future price, while gambling is a form of entertainment. With futures trading you do need to consider a lot of factors like maket trend, analysis data and make correct trading decision. In gambling all you do not need any kind of skills, comparing the two does not make any sense. It is incorrect to assume that they are the same, as they are not.
No one can actually control the outcome in futures trading, that is a wrong statement, what you can do in futures trading is predict the outcome more accurately with the help of market knowledge, experience, and fundamental and technical analysis, and that is what makes it different from gambling because you don't have a chart to read or a team or a project to analyze or a past to check when it comes to gambling, it's pure speculation.

The outcome of both of course isn't guaranteed, even in futures trading, you don't win all the time, if that were the case, there wouldn't be millions of dollars getting liquidated every now and then, that happens because people choose the wrong sides and market moves the other way, but it is just that if you are careful and have a lot of experience, you will have more chances of getting profits.

While it's true that there is uncertainty in both gambling and futures trading, the two things are very different from each other. Gambling is artificially created games in their own system setup by the casino. Every game is the same with the exact same winning chances. There is no influence from the outside world that is going to change our chances, or we can't exploit the games by hedging our positions. That is one advantage in the futures world, where all the contracts can be replicated with the spot market. For example, if we see that the underlying assets become very cheap today, we might lose money on our futures position, but we can already some assets cheap at the exchange and just hold it. In the long run when prices rise again, we will make money on the futures and on our spot position. Also, in gambling we know very quickly if we won or not, there is no in between state where we can comeback in one month and see if our bet changed and we might have won. In futures trading it's the exact opposite, prices are changing every day and just because we lost money today doesn't mean we are going to lose money every day, even a bad trade can change back into a winner over time.
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July 17, 2023, 07:36:27 AM
 #199

The biggest difference between futures trading and gambling is that in futures trading, you can control the outcome, whereas in gambling, you cannot. Futures trading involves speculating of the future price, while gambling is a form of entertainment. With futures trading you do need to consider a lot of factors like maket trend, analysis data and make correct trading decision. In gambling all you do not need any kind of skills, comparing the two does not make any sense. It is incorrect to assume that they are the same, as they are not.
No one can actually control the outcome in futures trading, that is a wrong statement, what you can do in futures trading is predict the outcome more accurately with the help of market knowledge, experience, and fundamental and technical analysis, and that is what makes it different from gambling because you don't have a chart to read or a team or a project to analyze or a past to check when it comes to gambling, it's pure speculation.

The outcome of both of course isn't guaranteed, even in futures trading, you don't win all the time, if that were the case, there wouldn't be millions of dollars getting liquidated every now and then, that happens because people choose the wrong sides and market moves the other way, but it is just that if you are careful and have a lot of experience, you will have more chances of getting profits.
Traders need to understand that this idea that everyone can win over the long term is not realistic or even possible at all, trading is very similar to poker, if there are 10 players and each one has 1k over the table then that 10k will be redistributed among them, some will leave with more than 1k while some will leave with less than that, now in theory poker is a zero sum game but since you need to pay the rake as well then this means the amount everyone leaves the table is even less than 10k, and the same is true for trading due to the commissions exchanges charge you.
There is no trader that can win every time, the same goes for gamblers. But your further comparison of a trader with poker is entirely wrong, it shows that you don't even know what trading is all about. Are you saying that the few and negligible fees/commissions charged in trading are a big deal? This is never a big deal, once you know how to trade, then do it, if you don't, then quit. By this, the commission charged will not be a burden as you are gaining.

Now, trading can be well planned, traded and managed, can you do that in poker? Definitely not. Trading is not simulated or predetermined by the in-house, the board and price of trading are transparent and could be viewed with the same accuracy all over the world. This makes it fair and once you can speculate and manage your account well, nothing can stop you from making regular income, which is not possible in poker where you solely depend on luck.

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July 17, 2023, 08:03:22 AM
 #200

The ability to predict the outcome is very easy to do by everyone. But predicting the outcome accurately is a different thing which only very few can do this and you can’t do this alone with prediction through analysis since tough luck is still a deciding factor to win a prediction. There’s some game which a heavy under dog manage to have a big come back with just one lucky punch or submission. Same with other sports that a favorite team didn’t perform as expected due to unknown reason.
Indeed, everyone can have predictive abilities, but the problem is that not everyone can have predictive abilities that are almost accurate (don't say accurate because it's very difficult). Only by continuing to learn to analyze the information obtained that people can do because it can improve their abilities. After having that ability, they can choose an easy match according to them. And also the chances of winning will be greater than before because they already have good analytical skills.
Yes, you are right, because not all experts, be it trading or sports analysis, still not all the predictions they make are accurate and right on target because there really needs to be other luck as a supporting factor to achieve certain goals, I have done analysis and not all of them are right. the desired target, have really experienced failure, almost often fail so that's what you say.

We also all know that everyone who has the ability to predict or analyze is also experienced, has certain limits, so it is not easy to be right on target because it could miss what has been analyzed. that's why it's important not to take other people's analysis and predictions for granted. because not everything is really exactly as expected

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