Between futures trading and gambling

[maydna]

~snip~

That is very clear and simple, all fields will have their own risks, and the two fields referred to here are gambling and trading in my opinion both have a very similar risk impact where psychological and mental will be the main targets that someone can feel. As for gambling, I agree with you that the level of risk in it is very high if you are too excessive in it. The self-control factor is very important in both areas, but there is indeed a slight difference in that the self-control factor in trading as you mentioned, requires one to have risk management, including stopping loss, take profit, maintaining psychological calm and other management to prevent us from what is called MC. Furthermore, in gambling, there is no risk management as I mentioned above, but from a psychological point of view, it is still very much needed here, where control in gambling is only needed when you experience defeat.

In gambling, there may be management as we know it in trading. Maybe that's what's called expense management because we use the money to play gambling, so if we can't manage how much we use the money to gamble, our money will run out without us knowing it. So both of them have management in using their money, so I agree with you that self-control for trading and gambling is very necessary because there are people who trade who cannot know how much capital they should use to trade. That makes him use all-in mode on one coin in trading, but he can't analyze properly, so the opportunity to make a profit can disappear.

[pakhitheboss]

Both are equally risky, but gambling is riskier because we can feel the pleasure of gambling, making us forget to control our gambling. And in the end, we only know that it turns out that we have lost all the money with nothing left. The risk of future trading is also the risk of making our money disappear, especially if we don't use the stop loss feature and choose Cross mode, which will use all of our balance to trade. But if you use Isolated mode, you will not lose all the money.

That is very clear and simple, all fields will have their own risks, and the two fields referred to here are gambling and trading in my opinion both have a very similar risk impact where psychological and mental will be the main targets that someone can feel. As for gambling, I agree with you that the level of risk in it is very high if you are too excessive in it. The self-control factor is very important in both areas, but there is indeed a slight difference in that the self-control factor in trading as you mentioned, requires one to have risk management, including stopping loss, take profit, maintaining psychological calm and other management to prevent us from what is called MC. Furthermore, in gambling, there is no risk management as I mentioned above, but from a psychological point of view, it is still very much needed here, where control in gambling is only needed when you experience defeat.

Agree that both are risky but I still think luck gambling results cannot be controlled but futures trading to an extent can be controlled. If you do the proper research and analyze the data you can predict the outcome. It is somewhat like sports betting, although the outcome will be always in your favour is not guaranteed. Whereas luck gambling is completely controlled by the house.

[Viscore]

Agree that both are risky but I still think luck gambling results cannot be controlled but futures trading to an extent can be controlled. If you do the proper research and analyze the data you can predict the outcome. It is somewhat like sports betting, although the outcome will be always in your favour is not guaranteed. Whereas luck gambling is completely controlled by the house.

With gambling, you can still predict the outcome of the game, maybe not all of it, but with proper research, you can surely increase your chances of success. I'm referring to skill-based gambling like sports betting and poker. However, if you think about slots or luck-based gambling, then you are solely relying on luck, and in the long run, you will likely lose due to the house edge.

[Fredomago]

Agree that both are risky but I still think luck gambling results cannot be controlled but futures trading to an extent can be controlled. If you do the proper research and analyze the data you can predict the outcome. It is somewhat like sports betting, although the outcome will be always in your favour is not guaranteed. Whereas luck gambling is completely controlled by the house.

With gambling, you can still predict the outcome of the game, maybe not all of it, but with proper research, you can surely increase your chances of success. I'm referring to skill-based gambling like sports betting and poker. However, if you think about slots or luck-based gambling, then you are solely relying on luck, and in the long run, you will likely lose due to the house edge.

Both point is consider depending in particular situation, like what the post above you said in future trading you can control and adjust according to how you understand the market situation, and in comparison to what your opinion regarding to sport betting or poker which are classified as skill-based gambling, where you can also adjust accordingly, as knowledge with the game is very important for you to decide whenever you are placing your bets.

But along the way, still the influence of luck will shine high. Without it, this knowledge can still be burned when the outcome turn to the other-side.

[QueenVera]

I see both as a gamble. After all, one of them is gambling. But I see both as a gamble. I have a lot of friends who lost all their money in futures trading. They all lost all their money at the end of the day, even though they claimed to have made fine calculations. I don't know anyone who gets rich with futures trading. Well, I don't know anyone who gets rich by gambling. But if I compare sports betting with futures trading, I can say that sports betting is more predictable. In fact, neither meets my wealth goal. Futures trading is the most dangerous thing in my opinion. And I gamble only for fun. But in the end, my choice between these two options would be to bet on sports events.

Many people refer both as gambling because they involve making predictions and risk taking, but the risk involved in both  is very high and non should be compared to eachother when I comes to risk taking, games played from online gambling casino's are played based of the available odds while traders make predictions, based on previous market outcomes,volatility of price and trends from the market,also the odds of making huge sum of money in trading of a short period of time is very low compared to gambling where one just start gambling could luckily make a huge profit from it  in space of two days of beginning, therefore if one is looking for a quick access to make funds the you could refer to gambling whereas future trading requires long term investors.
 making a fortune in trading is common but just that it's normally archived over a long term and can last one for a life time whereas gambling is a short-term and should be considered as an option for life time investment also in gambling one could come up with different strategic means of avoiding losses while in trading you only avoid loss based on information gotten or given, and over a long period of time trading favours investors compared to the way gambling does to gamblers.

[tjtonmoy]

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?

If you talk about easy, it is going to be gambling. There's not much you can do while betting and it is so easy that even a child can do it. Gambling games and things are created in such a way that it is easy to do and more people will come and do it. But trading, especially future trading is not for everyone. It requires higher knowledge and experience. If not done with the right strategies, success is not possible.

Now about risks. Both contain significant risks. But one is manageable but the other one is not. In trading, if you know how to manage it, you can minimize your losses by risk management. Stop loss and knowing when to trade and how much will give you much more control over your losses. On the other hand, with gambling, if it's a loss, you will lose all 100% in a single go. There's nothing you can do after the bet has been placed.

I will not say that one is less risky but with proper knowledge and plan, you can control one but not the other.

[internetional]

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?

Is it really necessary to learn about futures trading before starting to make money there? No.

Two months ago I found two good trading masters on Bybit and started copytrading. One month, I copied one trader. Another month - another trader. The first month brought me more than +100% to my deposit. The second one brought me +28% more.

So, my answer is as following: futures trading may be even easier than casino.

[Blitzboy]

I see both as a gamble. After all, one of them is gambling. But I see both as a gamble. I have a lot of friends who lost all their money in futures trading. They all lost all their money at the end of the day, even though they claimed to have made fine calculations. I don't know anyone who gets rich with futures trading. Well, I don't know anyone who gets rich by gambling. But if I compare sports betting with futures trading, I can say that sports betting is more predictable. In fact, neither meets my wealth goal. Futures trading is the most dangerous thing in my opinion. And I gamble only for fun. But in the end, my choice between these two options would be to bet on sports events.

Many people refer both as gambling because they involve making predictions and risk taking, but the risk involved in both  is very high and non should be compared to eachother when I comes to risk taking, games played from online gambling casino's are played based of the available odds while traders make predictions, based on previous market outcomes,volatility of price and trends from the market,also the odds of making huge sum of money in trading of a short period of time is very low compared to gambling where one just start gambling could luckily make a huge profit from it  in space of two days of beginning, therefore if one is looking for a quick access to make funds the you could refer to gambling whereas future trading requires long term investors.
 making a fortune in trading is common but just that it's normally archived over a long term and can last one for a life time whereas gambling is a short-term and should be considered as an option for life time investment also in gambling one could come up with different strategic means of avoiding losses while in trading you only avoid loss based on information gotten or given, and over a long period of time trading favours investors compared to the way gambling does to gamblers.

Dont have any illusions, mate. Trading and gambling are like comparing a missile to a paper plane. One is systematic, analytical, and disciplined, the other is more like tossing a coin and praying it lands on your preferred side. You're right about the "quick buck" mentality, but remember, "quick buck" can turn to "quick losses" even faster.

Saying that one can "strategically" avoid losses in gambling is like saying you can "strategically" avoid rain in a hurricane. In trading, the information is your umbrella. Sure, you might get wet, but you are more prepared. Long-term, steady gains in trading create a fortress, while gambling builds a house of cards. No need to argue, case closed.

[harizen]

Saying that one can "strategically" avoid losses in gambling is like saying you can "strategically" avoid rain in a hurricane. In trading, the information is your umbrella. Sure, you might get wet, but you are more prepared. Long-term, steady gains in trading create a fortress, while gambling builds a house of cards. No need to argue, case closed.

I agree with you that no strategy can save a gambler's ass from losing in gambling whether playing in luck-based, strategy-based games, sports betting etc.

That was an obvious thing in gambling to expect. But on the latter part of your statement referring to trading, do you mean once fully prepared in trading, losing can somehow avoid? I can also say the same thing in trading wherein there's no strategy to avoid losing. It's impossible to always withstand market volatility even how professional and expert the trader is.

Maybe the more appropriate to say is, "while there's no strategical way to avoid losing at either trading or gambling, there are ways to minimize it".

[dezoel]

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?

Is it really necessary to learn about futures trading before starting to make money there? No.

Two months ago I found two good trading masters on Bybit and started copytrading. One month, I copied one trader. Another month - another trader. The first month brought me more than +100% to my deposit. The second one brought me +28% more.

So, my answer is as following: futures trading may be even easier than casino.

There is a very big difference between futures trading and gambling because gambling is based purely on luck and there is no influence of anything else at all, while futures trading is based on your knowledge and experience about the market and your ability to do analysis based on the data and charts available, you can know the outcome of a trade if you know what you are doing but you can never know the outcome of a bet because it is not based on anything but a result generated by an RNG.

In futures trading, you might not get profit all the time, but if you are experienced and understand how the market generally moves because you've been watching charts and analyzing the coins that you will be trading in, you can always have a general idea of how the market will move next.

[internetional]

I wrote about copytrading. In copytrading, my idea of market moves doesn’t mean anything. I fully rely on master who opens and closes all the trades.

There is a very big difference between futures trading and gambling because gambling is based purely on luck and there is no influence of anything else at all, while futures trading is based on your knowledge and experience about the market and your ability to do analysis based on the data and charts available, you can know the outcome of a trade if you know what you are doing but you can never know the outcome of a bet because it is not based on anything but a result generated by an RNG.

What about betting on sports? Isn’t it a kind of gambling? I think it’s very similar with copytrading. In betting, you assess the sportsmen and bet on one of they who seems to be the strongest. This is not only about your luck. The same is in copytrading. I assess different masters and choose one to bet on. I get profit if the chosen masters is stronger than the market. Otherwise, I get loss.

[Stable090]

 

Is it really necessary to learn about futures trading before starting to make money there? No.

Futures is really risky most especially for beginners, I don’t really recommend beginners to trade future because you might end up losing money easily, their is no way you will start making money if you don’t have the knowledge of future trading, because you will just end up losing all your money, if you don’t have knowledge it’s better you go for spot trading, you won’t really be losing money compare to if you are in future trading.

Two months ago I found two good trading masters on Bybit and started copytrading. One month, I copied one trader. Another month - another trader. The first month brought me more than +100% to my deposit. The second one brought me +28% more.

Am not a fan of copy trading or trading signals, people might be making money from both trading signal and copy trading, but we all have to be independent, when you are in crypto space you don’t have to depend on others for your success, if people you are copying their trade are failing you will also be failing, it’s not really making sense, if you really want to be making money in crypto space, then it’s better you seek for the knowledge and have your own trading strategy, don’t depend on what another person will feed you.

So, my answer is as following: futures trading may be even easier than casino.

I disagree with you, future trading is not really easy and it’s kind of risky likewise gambling. You said you are making money from copying trading, but hope you know there are some people that don’t have much knowledge about gambling and they are also making money. The same way trading signals are available, their are also people Providing gambling predictions.

[knowngunman]

I disagree with you, future trading is not really easy and it’s kind of risky likewise gambling. You said you are making money from copying trading, but hope you know there are some people that don’t have much knowledge about gambling and they are also making money. The same way trading signals are available, their are also people Providing gambling predictions.

Everyone will have a contrary view and opinion about this controversial topic but the truth remains that future trading is less risky compare to gambling. Future trading involves strategies and analysis which help to minimize it's risk while gambling is purely based on chances. As a future trader, you have control over your fund and you can exit the trade if it decline your prediction but gambling is totally different because once you click on the bet button you have no control over it again until the game is settled either in your favor or against you.

Normally, it's not possible to predict the future perfectly but traders have the advantage of making use of some strategy like economical news, historical data and some other information that aid their prediction and offer traders a better chance of making profit than in gambling.

[slapper]

Saying that one can "strategically" avoid losses in gambling is like saying you can "strategically" avoid rain in a hurricane. In trading, the information is your umbrella. Sure, you might get wet, but you are more prepared. Long-term, steady gains in trading create a fortress, while gambling builds a house of cards. No need to argue, case closed.

I agree with you that no strategy can save a gambler's ass from losing in gambling whether playing in luck-based, strategy-based games, sports betting etc.

That was an obvious thing in gambling to expect. But on the latter part of your statement referring to trading, do you mean once fully prepared in trading, losing can somehow avoid? I can also say the same thing in trading wherein there's no strategy to avoid losing. It's impossible to always withstand market volatility even how professional and expert the trader is.

Maybe the more appropriate to say is, "while there's no strategical way to avoid losing at either trading or gambling, there are ways to minimize it".

We share a common understanding that financial losses are an integral part of the gambling and trading industries. To put it simply, that's the goal, pal. There will be moments when you are the bug and times when you are the windshield.

While both include some degree of chance, trading requires more expertise. An advantage can be gained with the help of well-grounded knowledge, thorough preparation, and smart tactics. But does that make it totally safe to use? No way, no how! You can't prevent losses with a wave of a wand.

Instead of saying "there is no strategy to completely eliminate losses in trading or gambling," I think a more truthful statement would be something like "there are certainly strategies to manage and mitigate losses." So, how does that sound to you?

[Fredomago]

I disagree with you, future trading is not really easy and it’s kind of risky likewise gambling. You said you are making money from copying trading, but hope you know there are some people that don’t have much knowledge about gambling and they are also making money. The same way trading signals are available, their are also people Providing gambling predictions.

Everyone will have a contrary view and opinion about this controversial topic but the truth remains that future trading is less risky compare to gambling. Future trading involves strategies and analysis which help to minimize it's risk while gambling is purely based on chances. As a future trader, you have control over your fund and you can exit the trade if it decline your prediction but gambling is totally different because once you click on the bet button you have no control over it again until the game is settled either in your favor or against you.

Normally, it's not possible to predict the future perfectly but traders have the advantage of making use of some strategy like economical news, historical data and some other information that aid their prediction and offer traders a better chance of making profit than in gambling.

On that note, yes, future trading can be strategies and execute while with gambling you place your bet and you will wait for the outcome, though there are also some options if the gambling site allows you to change your position mostly with sports betting, you can close your bet either you are winning portions or losing portions of your capital.

There's no perfect strategy but anticipation may help and with good judgement you can predict the possible direction of the market according to how you see things basing with your experienced, not accurate but you may use it as a basis.

[Stable090]

As a future trader, you have control over your fund and you can exit the trade if it decline your prediction but gambling is totally different because once you click on the bet button you have no control over it again until the game is settled either in your favor or against you.

When gambling and you are already winning, you can be given the opportunity to cash out the amount won if you can’t wait for the match to end completely, am not saying gambling is not risky, but I had little experience with future trading before I left it, future trading almost ruined my life before I had to force my self to stop it, maybe the experience I had is one of the reasons why I still consider it to be more risky than gambling. Most people that really lose a lot in future trading are the once that are looking for quick money (they are the once that use high leverage because they want to get rich quick which at the end they lose all their money easily), the greedy once( they also use high leverage and they are not satisfied with the profit they are having till things go against them), the newbies( As a newbie you will easily lose money, because future trading is really risky and it’s not what newbies can just jump into). My personal experience with both future trading and gambling makes me believe future trading is more dangerous than gambling, just that gamblers easily get addicted.

traders a better chance of making profit than in gambling.

That’s one of the main reason why you see lots of people going into future trading, because they can easily make money. I know if you can use high leverage in future trading then you will make money, but the higher your leverage, the higher the chances of you losing money so if you are into future trading, then it’s better you use low leverage, because if you keep on using high leverage, then you might end up losing everything you have being winning in the past.

[Yawa2020]

When gambling and you are already winning, you can be given the opportunity to cash out the amount won if you can’t wait for the match to end completely,

This cash out feature is not working in some bookies and the percentage is unfavorable to the gambler. You may prefer the ticket to lose instead of accepting the amount given to you as cash out. Real gamblers don't cash out but observe the game till the end. Do not gamble with fear, either lose or win absolutely. You afford to lose the money immediately you bet, so why cashing out partial rewards?

[Sakanwa]

I haven't seen anyone who will prefer Gambling to trading.Well,i know a lots of people are making money throught gambling  and they might even say that gambling is better,but to me,I don't see any reason why I will choose gambling over trading because future trading has to deal with one's ability to save your money for future purposes,while we all know that gambling is all about making money now,but the only reason why I won't prefer gambling is because it has an addiction spirit that is attached to it,and once one is addicted,you are gone,I rather loose in trading than get myself addicted to something I can get myself out again.Its not everybody that gambling favours,but almost everybody can trade and will have a chance of making profit, especially when it has to deal with future trading.Future trading has less risk involved,and it chances of making profit are high,where trading is a 50/50 stuff,either you loose or you win.

[RewFrew]

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 are different things. For trading need market analysis and knowledge about cryptocurrency market. On the otherhand for gambling no need to learn about cryptocurrency market. Gambling like a lottery. If anyone trade he will be some benefited or some loser. If anyone do future trade then he need use take profit and stop loss. Then loss and profit we can select. But in gambling you will get double 2x,3x or you will loss all fund which you in on game. So i think there has many difference between trading and gambling.

[Quidat]

I haven't seen anyone who will prefer Gambling to trading.Well,i know a lots of people are making money throught gambling  and they might even say that gambling is better,but to me,I don't see any reason why I will choose gambling over trading because future trading has to deal with one's ability to save your money for future purposes,while we all know that gambling is all about making money now,but the only reason why I won't prefer gambling is because it has an addiction spirit that is attached to it,and once one is addicted,you are gone,I rather loose in trading than get myself addicted to something I can get myself out again.Its not everybody that gambling favours,but almost everybody can trade and will have a chance of making profit, especially when it has to deal with future trading.Future trading has less risk involved,and it chances of making profit are high,where trading is a 50/50 stuff,either you loose or you win.

Trading could really be turn out to be gambling even if we do speak about Spot trading but on the time that you arent really that knowing on what you are doing then for sure it would be considered gambling. How much more if you do touch up on futures trading? You would really be having the impression that this would really be like gambling and this is why its better to have a serious approach
when it comes to trading. Dont dive in into this field if you dont know on what you are doing but somewhat if you do have the knowledge and skills on making good trades then it is really something that
separating that kind of risks compared to those who do make out blind trades which is something that you do really need to avoid because you would really be
making yourself doing gambling once again.