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Author Topic: Between futures trading and gambling  (Read 1859 times)
kamvreto
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July 31, 2023, 08:06:20 PM
 #261

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.

You are right that futures trading is a bit safer, but the only thing that makes it so is the ability to exit, losing only part of your money, not all of it like you can do in gambling. On the other hand, the profits are also much smaller. You rarely get x2 right away. Usually it's a percentage of your investment. So instead of winning 100% or losing it all, you win 10% or lose 10%.
Analysis doesn't help much because the market can be manipulated and you don't own the asset. You bet on a prediction and never have anything but a promise of payment from the fund.

Which one is the best depends on everyone, futures trading will be very good when that person understands and understands how to analyze the market, determine when to enter and exit and is wise enough to use leverage. Using a high enough leverage will make the risk bigger, but when the target price is reached, there will be lots of profits to be had. and when gambling like slots there will be no predictions made, all based on luck in each round. and sports betting can do an analysis on each club that will be supported. Gambling is more about entertainment for me and placing minimal bets with and allocated, whereas futures trading is more about growing my assets.

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Westinhome
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July 31, 2023, 10:21:41 PM
 #262

Which one is the best depends on everyone, futures trading will be very good when that person understands and understands how to analyze the market, determine when to enter and exit and is wise enough to use leverage. Using a high enough leverage will make the risk bigger, but when the target price is reached, there will be lots of profits to be had. and when gambling like slots there will be no predictions made, all based on luck in each round. and sports betting can do an analysis on each club that will be supported. Gambling is more about entertainment for me and placing minimal bets with and allocated, whereas futures trading is more about growing my assets.

Gambling and future trading is based on the same concept of the betting and prediction.In gambling we predict the exact option which win,but in the future trading we will predict the market movement.But the market is not possible to predict is the real fact.In every two days the crypto market reverse to opposite direction.In future you have to reduce the multiple of profit or loss calculated.If you make the mltiple between 10-20x then it won't affect the invested money.The future also need to fix the stop loss option to avoid of the big loss in the future trading.

You are right that futures trading is a bit safer, but the only thing that makes it so is the ability to exit, losing only part of your money, not all of it like you can do in gambling. On the other hand, the profits are also much smaller. You rarely get x2 right away. Usually it's a percentage of your investment. So instead of winning 100% or losing it all, you win 10% or lose 10%.
Analysis doesn't help much because the market can be manipulated and you don't own the asset. You bet on a prediction and never have anything but a promise of payment from the fund.


Future trading is not a safer one,until you made the stop loss.The fact is most of the new people don't know how to do future trading.So they won't do the stop loss option,but the loss will exactly loss as compared to loss everything.Gambling had some risk,but it's the game and not the trade.So we can earn huge money from the Gambling.But the future trade is entirely based on the good skill and the experienced trader will handle this future trading.
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July 31, 2023, 10:34:45 PM
 #263

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.

You are right that futures trading is a bit safer, but the only thing that makes it so is the ability to exit, losing only part of your money, not all of it like you can do in gambling. On the other hand, the profits are also much smaller. You rarely get x2 right away. Usually it's a percentage of your investment. So instead of winning 100% or losing it all, you win 10% or lose 10%.
Analysis doesn't help much because the market can be manipulated and you don't own the asset. You bet on a prediction and never have anything but a promise of payment from the fund.

Which one is the best depends on everyone, futures trading will be very good when that person understands and understands how to analyze the market, determine when to enter and exit and is wise enough to use leverage. Using a high enough leverage will make the risk bigger, but when the target price is reached, there will be lots of profits to be had. and when gambling like slots there will be no predictions made, all based on luck in each round. and sports betting can do an analysis on each club that will be supported. Gambling is more about entertainment for me and placing minimal bets with and allocated, whereas futures trading is more about growing my assets.

Some people actually think there are patterns in slot or dice games who probably think trading is also like gambling based on luck. Lottery for example is what makes it obvious since they are buying tickets every day with the same number over and over thinking it will eventually come and they get to win the biggest life-changing money. They wouldn't consider buying tickets risky when they spend just a dollar a day than trading which a trader will put a thousand.




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July 31, 2023, 11:02:58 PM
 #264

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.

You are right that futures trading is a bit safer, but the only thing that makes it so is the ability to exit, losing only part of your money, not all of it like you can do in gambling. On the other hand, the profits are also much smaller. You rarely get x2 right away. Usually it's a percentage of your investment. So instead of winning 100% or losing it all, you win 10% or lose 10%.
Analysis doesn't help much because the market can be manipulated and you don't own the asset. You bet on a prediction and never have anything but a promise of payment from the fund.

Which one is the best depends on everyone, futures trading will be very good when that person understands and understands how to analyze the market, determine when to enter and exit and is wise enough to use leverage. Using a high enough leverage will make the risk bigger, but when the target price is reached, there will be lots of profits to be had. and when gambling like slots there will be no predictions made, all based on luck in each round. and sports betting can do an analysis on each club that will be supported. Gambling is more about entertainment for me and placing minimal bets with and allocated, whereas futures trading is more about growing my assets.

Some people actually think there are patterns in slot or dice games who probably think trading is also like gambling based on luck. Lottery for example is what makes it obvious since they are buying tickets every day with the same number over and over thinking it will eventually come and they get to win the biggest life-changing money. They wouldn't consider buying tickets risky when they spend just a dollar a day than trading which a trader will put a thousand.



We must keep in mind that comparing trading with gambling depends much of the kind of risk management the person is using. We can talk about successful traders, who can speculate on the prices of cryptocurrency and get money out of it, however, the term "successful lottery player" is not common or it is rather incorrect. Luck is not success.

If someone buys Bitcoin and holds it in there long term, I would not call it gambling.
However, using excessive leverage on futures without having knowledge about it, that sounds like gambling to me. 

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July 31, 2023, 11:16:09 PM
 #265

Some people actually think there are patterns in slot or dice games who probably think trading is also like gambling based on luck. Lottery for example is what makes it obvious since they are buying tickets every day with the same number over and over thinking it will eventually come and they get to win the biggest life-changing money. They wouldn't consider buying tickets risky when they spend just a dollar a day than trading which a trader will put a thousand.

What else can we do? Force these people who are not a fan of trading to consider trading compare to gambling.

Just let these people do what they want. These people who are lottery enthusiast surely knows the risks they are dealing with and the slim chance they are facing to win this life-changing money. We can't just tell them to do trading instead since if there is no interest, then they are just gambling their money in trading too, the same way they are doing it in gambling.

Instead, if we really want to help these people to change their gambling habit, give them a nice talk to put their money instead on something good that they really have an interest in and not that they just see other people making money out of that.

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August 01, 2023, 06:19:29 PM
 #266

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?

Futures trading is gambling in my opinion. You’re just making bets on companies and their ability to over or underperform expectations. Since it isn’t a black and white type of gambling it could give people the illusion that futures are some type of investment, but they are a really poor way to invest and a great way to gamble.
No, it isn't. Just because the outcome in futures trading is also unknown it doesn't make it pure gambling. To get to know the difference between futures trading and gambling, take one regular gambler and one regular futures trader, and ask them about the results they tend to get in a week's time, the answers will surely let you know the difference and how gambling is not exactly the same as futures trading because you don't blindly open trades in futures trading but it's all done after a process.

So people who trade in futures that have knowledge and experience about it tend to win more trades than they lose and they make trades with proper risk-management such as stop-loss where you don't lose everything even if you lose a trade, while in gambling, a bet that you lose takes away the whole amount you have wagered.

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August 01, 2023, 06:28:27 PM
 #267

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?

Futures trading is gambling in my opinion. You’re just making bets on companies and their ability to over or underperform expectations. Since it isn’t a black and white type of gambling it could give people the illusion that futures are some type of investment, but they are a really poor way to invest and a great way to gamble.
No, it isn't. Just because the outcome in futures trading is also unknown it doesn't make it pure gambling. To get to know the difference between futures trading and gambling, take one regular gambler and one regular futures trader, and ask them about the results they tend to get in a week's time, the answers will surely let you know the difference and how gambling is not exactly the same as futures trading because you don't blindly open trades in futures trading but it's all done after a process.

So people who trade in futures that have knowledge and experience about it tend to win more trades than they lose and they make trades with proper risk-management such as stop-loss where you don't lose everything even if you lose a trade, while in gambling, a bet that you lose takes away the whole amount you have wagered.
Actually this problem is still a big question because according to the answers some people here say that futures trading is the same as gambling but some say it not gambling.
But for myself this is clearly not comparable because the functions of the two are different or briefly both have different ways of working so for me gambling is not trading and trading is not gambling.

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August 05, 2023, 04:28:06 PM
 #268

~snip~
Whenever it comes to trading and betting we have one foot in success and one foot in failure, I feel much more secure in trading than gambling, apart from if I'm into sports betting I think there could be a 50/50 chance -50 that I have to win and lose, at least I see it that way in football, but in the case of futures trading it is something that I hardly know how to do, it seems to me that it is too risky, there are many strategies and many theories that they can make us win, but in hindsight it is something that can be learned and it depends a lot on our degree of intelligence and our own decision, sometimes in casino games we can have logic very well, but luck does not smile on us, and to me that is a noticeable difference.

Of course, these things are what I think about when it comes to futures trading, personally I see this as very risky, apart from the fact that I don't really know how to do this type of trading, I'm more into operating with trading in the medium or long term than in futures that is something so violent, he would open us how to do it because it would be like being in a casino playing, because the technical indicators for this type of trading are different due to the very high volatility, so it is easier to lose money if you don't even have the slightest idea of how to operate.}

Are there any traders who make their own platforms and who have their indicators, how do they do it? I'm not, but given their experience, they can do this kind of thing and I really admire it a lot. In this sense, I see that things here in the casino can be done in the best way as long as we don't let ourselves be surprised by the losing streak or because our logic fails us when we are in a casino, for that reason in a casino when it comes to games we have to guarantee the amount of money we are willing to lose, because there is no other way, we cannot risk everything that we have because it would be very irresponsible.

Yes, I understand your perspective. Both trading and betting come with unique risks and benefits. And I completely get why you say that trading is more hazy and unpredictable than sports betting, which feels like a 50/50 chance

It's acceptable that not everyone will enjoy it. You must determine what suits you the best. Also, developing one's own trading platform and creating one's own indicators is really cool. They appear to be participating in a whole other game

While you mentioned that you should only play with money you're willing to lose while talking about casinos, I believe you hit the nail on the head. Up until that point, everything is amusing, right?

What I believe is that as long as you are in control of things, nothing can get out of control, and when it comes to casinos, you should still have absolute control over all the money you are risking, when we enter a casino. that the money we have there can be lost, and it is very difficult to change the mental chip that some people have when they enter casinos, because most enter with the mentality of what they can win, what they can take, they never enter with the mentality of what they are willing to lose, and the same thing happens in trading, because of the announcements, the publicity that is given, we think that if we dedicate ourselves to trading it is to save a lot of money, and things are not like that.

I like to make analogies with trading and with betting, because I set that as a goal, I put the money that I am willing to lose both in the casino and in the exchange, after that I also set my goals, and in both cases I learned that the goals have to be precise, but not so big, that is, if I have profits, however small, they are profits, I take them and stop, then I analyze why I won, as well as in the casino, if I play and if I win something, even if it is very little, then I stop, because I stop with the winnings, if I keep winning, the chances are that what I have won I will lose and apart from that I will lose more and my despair will grow and I will want to make more bets to recover, and there I already lose, something like that happens with trading.

In futures I am honest, I have sometimes followed some groups that give free signals, and it seems very risky to do so, sometimes it seems as if I were really gambling, but no, it is something that is very calculated, there are many traders who They win doing futures trading and knowing, and leaving everything to chance, which is very different when we play slot machines, roulette in a casino, there is no way to establish a technical analysis for a slot machine, on the other hand, in futures trading yes and usually work, it is difficult but yes.

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August 06, 2023, 11:40:40 AM
 #269

Actually this problem is still a big question because according to the answers some people here say that futures trading is the same as gambling but some say it not gambling.
But for myself this is clearly not comparable because the functions of the two are different or briefly both have different ways of working so for me gambling is not trading and trading is not gambling.
What you say is right. Both are not the same and have different ways of working as well. Gambling with future trading is equally risky, but one can know the risks of future trading and manage them well. The risk will not increase and he can even make a profit. It all depends on his ability to trade. And even though in gambling, we mean sports betting, one can also benefit based on the analysis results, but that is gambling and there is a possibility that the analysis results may not always be correct.

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August 06, 2023, 11:59:25 AM
 #270

Actually this problem is still a big question because according to the answers some people here say that futures trading is the same as gambling but some say it not gambling.
But for myself this is clearly not comparable because the functions of the two are different or briefly both have different ways of working so for me gambling is not trading and trading is not gambling.
What you say is right. Both are not the same and have different ways of working as well. Gambling with future trading is equally risky, but one can know the risks of future trading and manage them well. The risk will not increase and he can even make a profit. It all depends on his ability to trade. And even though in gambling, we mean sports betting, one can also benefit based on the analysis results, but that is gambling and there is a possibility that the analysis results may not always be correct.

Gambling and Futures Trading is indeed different to each other because gambling is for entertainment purposes while futures trading is a financial tool. But futures trading can be considered as gambling too if you are using high leverage like x50 or more because the the liquidity margin is too small for a trader to maintain safe trading. Exchange nowadays turns futures trading into gambling by offering insane high leverage which we all know that is very low chance to success.

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August 06, 2023, 12:23:50 PM
 #271

~~~
Some people actually think there are patterns in slot or dice games who probably think trading is also like gambling based on luck. Lottery for example is what makes it obvious since they are buying tickets every day with the same number over and over thinking it will eventually come and they get to win the biggest life-changing money. They wouldn't consider buying tickets risky when they spend just a dollar a day than trading which a trader will put a thousand.


Those patterns most likely are observable to the players so they make a conclusion with it and make a risk to try a bet, but not as always this happens, still ideal to have a formula for the probability of winning with the patterns given by the game.
Actually this problem is still a big question because according to the answers some people here say that futures trading is the same as gambling but some say it not gambling.
But for myself this is clearly not comparable because the functions of the two are different or briefly both have different ways of working so for me gambling is not trading and trading is not gambling.
What you say is right. Both are not the same and have different ways of working as well. Gambling with future trading is equally risky, but one can know the risks of future trading and manage them well. The risk will not increase and he can even make a profit. It all depends on his ability to trade. And even though in gambling, we mean sports betting, one can also benefit based on the analysis results, but that is gambling and there is a possibility that the analysis results may not always be correct.

Gambling and Futures Trading is indeed different to each other because gambling is for entertainment purposes while futures trading is a financial tool. But futures trading can be considered as gambling too if you are using high leverage like x50 or more because the the liquidity margin is too small for a trader to maintain safe trading. Exchange nowadays turns futures trading into gambling by offering insane high leverage which we all know that is very low chance to success.

In short gambling is for the risk takers who want to defy their luck in the game and the traders are the risk taker who will depends on the knowledge they have.

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August 06, 2023, 06:15:35 PM
 #272

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?

Futures trading is gambling in my opinion. You’re just making bets on companies and their ability to over or underperform expectations. Since it isn’t a black and white type of gambling it could give people the illusion that futures are some type of investment, but they are a really poor way to invest and a great way to gamble.
No, it isn't. Just because the outcome in futures trading is also unknown it doesn't make it pure gambling. To get to know the difference between futures trading and gambling, take one regular gambler and one regular futures trader, and ask them about the results they tend to get in a week's time, the answers will surely let you know the difference and how gambling is not exactly the same as futures trading because you don't blindly open trades in futures trading but it's all done after a process.

So people who trade in futures that have knowledge and experience about it tend to win more trades than they lose and they make trades with proper risk-management such as stop-loss where you don't lose everything even if you lose a trade, while in gambling, a bet that you lose takes away the whole amount you have wagered.
Actually this problem is still a big question because according to the answers some people here say that futures trading is the same as gambling but some say it not gambling.
But for myself this is clearly not comparable because the functions of the two are different or briefly both have different ways of working so for me gambling is not trading and trading is not gambling.

Futures trading is something that moves at a time that is hard to predict, at least for me, because it moves too fast, I can trade but long-term, medium-term, but futures The market moves very different, although it is the same market, but it is not the same, because here the strategies that work are applied a lot, fundamental analysis, technical analysis, use of indicators, a bit of everything, and everything that is study and trade is never to bet, because to bet is to leave everything to chance, play and play until you win and have that good touch of luck at the right time.

I have done futures trading applying Wyxkoff's theory, only for that period of time it is very difficult for me, that's why I do analysis using the Wyckoff method but in a longer period, 1 hour and from there I draw conclusions based on the tempo, that is, I can do my analysis at 1 hour and at the end of 1 hour I can sense where the market can go, and from there I take it, it is not what should be done, but it is my method, although I did not do it again do because I feel like I'm making it up.

So when I make these comparisons, trading of any kind is clearly not the same as betting, betting is always something else, I know that there are people who enter a casino betting, playing for the sake of playing, some apply strategies, but randomness can do it . Win or lose, but entering a trade by betting is the most dangerous thing to do.

My analogies regarding gambling and trading will always be the same, first of all in gambling and in trading when you win even a little, that's a win, I prefer that to losing, there are actually many people who have ways of thinking very different, they only settle when they get very large profits and that is difficult, both in gambling and in the casino, the profits for me should be few but continuous, that is, if I win little money in one day I accumulate it, then the next day or t 3 days, it doesn't matter, you have to see this as a business.

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August 06, 2023, 10:59:16 PM
 #273

I believe that if we carried out a survey to find out how many people lost everything they had because of gambling and how many people lost everything they had because of trading, we would see that the difference in numbers would be very large, I am convinced that the numbers would be more low for the traders but the numbers would be very high for the gamblers, now everything has an advantage and a disadvantage, just like in the trade the numbers would be low for people who lost everything. when asked how many people have already made a lot of money with trading and how many people have already made a lot of money with games of chance then the difference would also be very big

but this time gambling would be with a big difference, and it is a fact that gambling gave many people the opportunity to become very rich, how many people have we heard on tv saying that they won the lottery and became millionaires, there are many. but have you ever heard on tv that someone became a millionaire with futures trading? Honestly this is something I haven't seen yet, so it's safe to say that people don't make a lot of money trading futures, the risk of losing a lot is still there, but they don't make a lot of money. while in the case of gambling it's all or no. those who are very lucky win a lot of money and those who are unlucky lose everything

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August 06, 2023, 11:07:18 PM
 #274

but have you ever heard on tv that someone became a millionaire with futures trading? Honestly this is something I haven't seen yet, so it's safe to say that people don't make a lot of money trading futures,

For example, if you meant for seeing lottery winners on TV, that just makes sense to see since in the first place, national lotteries are televised therefore you will really see people winning here compare obviously to winners in doing Future trading. Aside from that, Future trading is like slowly but surely a road to having a million compared to a lottery or any related gambling, that in just one shot, if lucky, will have a big win instantly.

Anyhow, it is just a matter of self-preference. Most see that Future trading is critical and the interest is not really there to learn while gambling, just place money, wait, then the result is already there. No need for any technical knowledge or so on.

We can also consider the fact that most people want an easy win without having too much effort for it.

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August 07, 2023, 05:15:14 AM
 #275

Gambling and Futures Trading is indeed different to each other because gambling is for entertainment purposes while futures trading is a financial tool. But futures trading can be considered as gambling too if you are using high leverage like x50 or more because the the liquidity margin is too small for a trader to maintain safe trading. Exchange nowadays turns futures trading into gambling by offering insane high leverage which we all know that is very low chance to success.
An inexperienced and unknowledgeable gambler would not be advisable to use high leverage like x50 as it will lead to quick losses. In future trading, you must be even more careful, especially in determining the leverage, because it will suck up our money quickly, especially if we use Cross mode. And gambling is entertainment that cannot be equated with trading, so we shouldn't think of it as a place to make money. Sometimes people don't think about analysis in trading and only use their feelings in trading so that it can become a gamble without them knowing it.

In short gambling is for the risk takers who want to defy their luck in the game and the traders are the risk taker who will depends on the knowledge they have.
But some people are willing to take big risks by going all-in because they believe the coin's movement will increase. So the risk may be the same if a trader dares to take risks like a gambler who is also a risk taker who wants to win. But the difference is that a gambler will never know whether the next round he will win or lose.

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August 07, 2023, 07:18:00 AM
 #276

but have you ever heard on tv that someone became a millionaire with futures trading? Honestly this is something I haven't seen yet, so it's safe to say that people don't make a lot of money trading futures,

For example, if you meant for seeing lottery winners on TV, that just makes sense to see since in the first place, national lotteries are televised therefore you will really see people winning here compare obviously to winners in doing Future trading. Aside from that, Future trading is like slowly but surely a road to having a million compared to a lottery or any related gambling, that in just one shot, if lucky, will have a big win instantly.

Anyhow, it is just a matter of self-preference. Most see that Future trading is critical and the interest is not really there to learn while gambling, just place money, wait, then the result is already there. No need for any technical knowledge or so on.

We can also consider the fact that most people want an easy win without having too much effort for it.

I don't see any difference in the concept though,future trading you have it in the word,future means you are predicting the future the same as people gambling are trying to do so fundamentally I don't see any difference between the two.Sure some people can argue that by trading they have analysis,news and market insights before deciding on a trade but isn't the same for sport betting where people have the same tools available and as such both activities will make people lose money in the end as no one can predict the future accurately in the long run,sometimes they may hit it but a lot more other times they will miss it.

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August 07, 2023, 07:37:13 AM
 #277

Some people actually think there are patterns in slot or dice games who probably think trading is also like gambling based on luck. Lottery for example is what makes it obvious since they are buying tickets every day with the same number over and over thinking it will eventually come and they get to win the biggest life-changing money. They wouldn't consider buying tickets risky when they spend just a dollar a day than trading which a trader will put a thousand.

What else can we do? Force these people who are not a fan of trading to consider trading compare to gambling.

Just let these people do what they want. These people who are lottery enthusiast surely knows the risks they are dealing with and the slim chance they are facing to win this life-changing money. We can't just tell them to do trading instead since if there is no interest, then they are just gambling their money in trading too, the same way they are doing it in gambling.

Instead, if we really want to help these people to change their gambling habit, give them a nice talk to put their money instead on something good that they really have an interest in and not that they just see other people making money out of that.

That is a very optimistic approach and in a perfect world it would be a great thing to help everybody with giving them a talk about the consequences of their action and that their current path will likely lead to large financial losses. Unfortunately, we are not living in such a world, people are very reluctant to take advise from strangers and will probably not trust us, even if we are honest and only want to help. The difference between futures trading and gambling is the access to the two. Everybody who is 18 in my country can enter a casino and start gambling if they have the money, whereas starting to buy futures you need to setup a special account with the bank. I remember before being able to trade futures at my bank I had to fill out a questionnaire about my previous trading experience and my knowledge. Also, in a talk with the bank employee he showed me again that the losses from futures trading can be much higher than when trading stocks. So, there are special regulatory requirements for futures trading to protect people from themselves, in gambling such a thing doesn't exist. The problem is that futures trading usually involved leverage, which can lead to financial problems, in the casino we usually just gamble with our own money and if we lose it we have to stop. Having more protection for the customer is a good thing in futures trading, but in gambling there it’s not really necessary.

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August 07, 2023, 04:02:49 PM
 #278

In short gambling is for the risk takers who want to defy their luck in the game and the traders are the risk taker who will depends on the knowledge they have.
You will not be able to win gambling if you only rely on luck, especially if you are betting on balls, because this also requires sufficient knowledge about balls and having sufficient skills in analyzing matches to find out what possibilities will occur.
Between long-term trading and gambling both rely on knowledge and skills, only the level of risk is different.

We can also consider the fact that most people want an easy win without having too much effort for it.
Well… most people are like that, but it is practically impossible to win. Nothing in this world is instantaneous and everything requires a long process, there needs to be sufficient knowledge and skills and of course there must be sacrifice in it to be able to get victory. Even instant noodles we have to cook first so we can eat it.

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August 07, 2023, 11:58:31 PM
 #279

Well… most people are like that, but it is practically impossible to win. Nothing in this world is instantaneous and everything requires a long process, there needs to be sufficient knowledge and skills and of course there must be sacrifice in it to be able to get victory. Even instant noodles we have to cook first so we can eat it.

Just let them realize it thru their experience. Even giving them such friendly advice, they won't feel the actual pressure.

Once they now feel the real experience, they will truly understand what's the best thing to do.

It's just that Future trading is really technical even for a crypto-enthusiast. It's not that easy to understand. While in gambling, these people will just place their bet and watch the result without doing nothing. Believe me, even we show these people huge money came from trading, they won't bother to know as the interest is not there.

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August 08, 2023, 02:49:02 AM
 #280

I made a promise to myself not to participate in any gambling activities that would result in me in debt, which is why I selected trading. If you know what you're doing, it's pretty straightforward; simply adhere to your strategy, and if you see an entry, you've triggered your trade. Losses are made in both future trading and gambling; this is not a suitable path to take if one does not have a strategy in place to cope with these requirements. Future trading is formally based on strategies, and the rewards are typically profitable if authentic instruction is obtained. While gambling is considered as an addictive activity that will undoubtedly land one in difficulty and jeopardize one's standing. 

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