Maybe future trade is gambling

[Faisal2202]

There is a small difference between gambling and future trade and that is doing predictive analysis with the proper education along with the market sentiment's education because if that brother near to you who started the future would have knowledge about the future and by knowledge I mean proper knowledge, not some signals, or quick rich scheme where you invest 1000$ with 200x leverage and use the remaining 13k dollars to manage the liquidation price.

Even for the moment, if we accept he does know how to trade in the future with proper knowledge but he should have control over his feelings of not sticking his nose in things that don't fit him better. This means, that if he is trading by taking a loan then he is dumb. He should have not traded with loan money.

I have one simple rule and that is, even if we have to eat less, wear simple, and travel light, we should not be frustrated until we keep getting it in a consistent way. While the young blood thinks they could change their way and can become the next motivational speaker by taking the risk and setting their lives. By the way, it is really sad that he lost this much money and future trading is not gambling until you are doing it with predictive analysis (TA + FA ).

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[goaldigger]

Gambling is a game of chance.
Trading is not a game. In trading, you are not gambling anything but trading.
The trade may favour you or not and that is why it is risky.

So basically, on your own words trading is gambling! 

You are very wrong and you are not getting what I meant. Trading is not a game, but gambling is a game. In trading, you are buying and selling. In gambling, you are not buying and selling anything. Both are risky and their risks can be the same, but some people like you failed to understand that trading and gambling are not the same.

Many consider trading as gambling if you do it without having your own analysis and strategy. Its like a guess trade and that can be very risky same as gambling. If you do trade responsively using your strategy and own analysis, then it can be a rewarding approach, just don’t make any guesses especially in futures if you don’t want to call it as gambling, because trading that is based on luck is consider as gambling.

[Dr.Bitcoin_Strange]

Gambling is primarily based on luck, and as a gambler, you have to develop some self-rules that prevent you from losing more than you can afford. Gambling is for fun; although while having fun, we can still luckily cash out some money from our wins, the losses from gambling come unannounced, as does the winning.

If you are interested in trading, what you will likely cultivate in your mind is profit-making to generate more income for yourself. People don't trade because they want to have fun; they trade because they only want to make profit. Despite that, traders encounter losses too, but their sole purpose in trading is for profit sake.

There is a lot of misleading information about trading on the internet, both on YouTube and on some other sites. Maybe your friends might have handled trading in the wrong manner, and that's why he has lost that amount of money. A trader must learn and develop some trading strategies for themselves that can help them play it safe while trading. Trading is risky, and as a trader, you don't have to invest all your capital in it; just invest the amount that will not put you in psychological trouble when the trade fails.

I told him the last time I saw him to buy bitcoins with all his wealth.

Buying Bitcoin is very good, and it's good advice you have, but telling someone to use all their wealth to buy Bitcoin is not acceptable advice. Although the percentage of profit will be very high if someone invests a very large amount, yet, it's not wise for one to just have all their money in one investment. While making an investment, you have to keep some funds as emergency funds, and if your money is too large to be invested in another asset, you should invest in another asset too, so that you are secure with two different forms of investment. If one doesn't yield the expected results, the other one will.

[Issa56]

I think futures trading is a form of gambling. I saw the last six months report of a younger brother who is very close to me. He knows about crypto from my younger brother. He was taught the holding trade. Meaning, he was given an idea of how to trade on the spot. But he can learn about how to trade futures with the help of YouTube.

Why do you think future trading is gambling? Is it because you saw someone lose $14k in trading? That's why you think it's similar to gambling, but I hope you know that amount of money can be lost even if you are into spot trading. In trading, if you don't understand the basics, then you are likely going to lose more. We know that trading is risky, but trading in the future is more dangerous because you can easily lose your money compared to if you are in spot trading, but you can also lose in spot trading.

One of the worst mistakes people make is trying to learn how to trade on YouTube. Most of the people that post on YouTube are doing it for their own selfish interests,  and they don't care if people watching the videos are benefiting from the videos. Some of them end up stealing other people's videos, they will edit them and decide to post them on their page. Most of the people claiming to be professional traders are just fake, they are not really traders. That's why you will always see videos of when they are making profits online, but you will never see when they are losing, they are doing that just to deceive people.

I found out from his family that he lost around 14 thousand dollars trading crypto. I told him the last time I saw him to buy bitcoins with all his wealth. But he didn't hear anything. Later he sold his grandfather's land and paid off all his loans. Later I came to know from him that he knows about futures trade from YouTube and lost all his dollars by trading without understanding the value of x.

When you're trading and your losses are getting too much, then it's better to stop trading for that particular period of time. You can just decide to do more research to discover what is wrong and why you are losing most of your trade. In trading, there will always be losses, but when your losses are more than your profits, then something is wrong. Then the funniest part is that the boy decided to trade with the money he borrowed. I am sure he will have been misguided by the videos he watches on YouTube.

[Assface16678]

Gambling is a game of chance.
Trading is not a game. In trading, you are not gambling anything but trading.
The trade may favour you or not and that is why it is risky.

So basically, on your own words trading is gambling! 

You are very wrong and you are not getting what I meant. Trading is not a game, but gambling is a game. In trading, you are buying and selling. In gambling, you are not buying and selling anything. Both are risky and their risks can be the same, but some people like you failed to understand that trading and gambling are not the same.

Many consider trading as gambling if you do it without having your own analysis and strategy. Its like a guess trade and that can be very risky same as gambling. If you do trade responsively using your strategy and own analysis, then it can be a rewarding approach, just don’t make any guesses especially in futures if you don’t want to call it as gambling, because trading that is based on luck is consider as gambling.

I agree that a trade will be a gamble only if the trader doesn't think much of it and just lets it out without thinking about the outcome, whether it will be a lose trade or a win trade. But still, I don't think gambling should be associated with trading. Although trading is very hard and risky, like gambling, it doesn't rely on luck. Trading will be efficient if the trader knows what he or she is doing, and with proper analysis and thinking, a trader will have a high percentage of winning a trade or earning from a trade. So yeah, I will not associate gambling with trading because gambling has a higher chance of losing money than trading, so I still choose trading over gambling. Although I do both, in terms of having income or money, I would focus on trading and on earning, but if I had to have fun, I would pay a little amount to have fun, then I would go to gambling.

[tvplus006]

...Now my question is futures trade is actually gambling?

It depends primarily on the person himself. If he is a player by nature, then he will treat everything he comes across as a casino, because otherwise he will not be able to. If a person can stop playing in a casino in time, without allowing a complete loss of money, then he will also be able to trade futures prudently.

[GreatArkansas]

(....)
Now my question is futures trade is actually gambling? Or how did he lose all his dollars?

For me, trading will be gambling if you trading without basis or analysis or just opening a trade randomly.
Because for me, every trade needs to be planned first before doing anything.
And even futures or spot trading, they are just the same, the risk involved are only different and the type of it.

[2Pizza410000BTC]

I think futures trading is a form of gambling. I saw the last six months report of a younger brother who is very close to me. He knows about crypto from my younger brother. He was taught the holding trade. Meaning, he was given an idea of how to trade on the spot. But he can learn about how to trade futures with the help of YouTube. And without informing my younger brother, he slowly started trading futures. After six months, the condition of his family became very bad. He was born in a middle class family. Later, the area was talking about his loss. I found out from his family that he lost around 14 thousand dollars trading crypto. I told him the last time I saw him to buy bitcoins with all his wealth. But he didn't hear anything. Later he sold his grandfather's land and paid off all his loans. Later I came to know from him that he knows about futures trade from YouTube and lost all his dollars by trading without understanding the value of x.

Now my question is futures trade is actually gambling? Or how did he lose all his dollars?

If I had to say, I would say futures trading is more dangerous than gambling. The lives of those who once entered the futures trading platform ended in ruin. Because no one can ever trade successfully from futures trading. I had an acquaintance who completely destroyed his luck trading futures. A man would never believe how he lost his money so quickly, seeing his condition now. Because he also once owned a lot of money.

He lost all his money in futures trading because he traded without knowing the leverage. Because the futures training platform must be set with leverage, if the market moves to high leverage, the liquidation will eat up the short rise and fall of the market. This is exactly what happened to the surplus person you provided.

[retreat]

When someone trades without analysis and only thinks about short-term profits with high leverage, it means he is gambling with his money, and that is what he is doing. He risked his money on something he had no control over and knew nothing about, he thought he was trading when he was gambling his money on the market. What was wrong was not the futures trading, but him, he thought that he could get higher profits by trading futures, without knowing the risks, and in the end it was predictable that he was trapped in debt because of trading with the wrong mindset.

Now my question is futures trade is actually gambling? Or how did he lose all his dollars?

No, future trading is derivative trading with a margin and leverage system. That's not gambling. But it can be “gambling” when traders trade without knowledge and only rely on their luck.

[Zigabel]

Now my question is futures trade is actually gambling? Or how did he lose all his dollars?

Futures trading isn't gambling and shouldn't be seen as such even if it's also considered as risky as gambling, most times the risk involved in futures trading is basically because controlled by the trader, the higher your leverage the riskier your trade, so it's something that has a predetermined risk factor unlike gambling. The only common factor they both share is risk els they are two different things all together. Before you place a trade on futures, a professional traders has some factor's and confirmation which gives him a better edge before placing a trade but with gambling it's far more different.

It's very important you understand that gambling and futures trading are not, cannot and can never be the same thing except you are just a newbie scalper then you most likely gamble than trade.

[Kelward]

Now my question is futures trade is actually gambling? Or how did he lose all his dollars?

You can lose money even on regular trading such as spot trading. Futures trading is just more risky because you are opening positions with leverage which means you borrow money for high margin in exchange for an interest that you will automatically pay once your position is liquidated or closed whichever comes first.

@Oshondy was right that it’s not a gambling but rather just a high risk of trading. Not all activities that associated with risk can be considered as gambling because they have different purpose. Let’s not be confused that gambling risk is for entering purposes while trading is an investment tool.

good

It's true that crypto trading can not be classified as gambling because of the various analysis and predictions that are involved, however the high risk of future trading puts more uncertainties on the trader that you can to an extent compare it to gambling. See for instance the case of OP brother's friend, where he learned from YouTube, about future trading and jumped into it without due consultations with experienced people or more research, in the end he lost all his money, I'd say he gambled his money, although mainly due to ignorance. I think that future trading can only be attempted by experienced and knowledgeable traders.

[Bushdark]

I think we have the real traders and the gamblers in trading and that does not make us see everyone in trading as gamers and gamblers
In as much as we have the gamblees, the same wey we have the real traders that had been in the market for long trading consistently making profits and loses at the same time over a period of time. The market is open for anybody that wants to trade and earn from the market in San much as we have the right tools and knowledge to be able to make profits in the market.

[the rise]

I didn't say it like that. However, trading is trading and gambling is gambling, it is very clear. The difference is that betting is a trading game, namely buying and selling goods. It's just that crypto trading is too unique because it's like not having goods because the goods are digital coins. However, this can also be said to be trading because it is not just about money.

[rat03gopoh]

I think futures trading is a form of gambling.

I've personally picked up on this understanding since delving deeper. They are nothing but gambling like binary options mechanisms, the difference is timing. If binary options use static timing, futures use dynamic timing depending on you set leverage.

Or how did he lose all his dollars?

The more he chase losses, the more he lose.

[Kelvinid]

If you rely on luck when trading, then it is not far from doing it like gambling.
If we don't want this to happen, then must acquire more knowledge about trading whether it is spot or future trading because this is the only way we make a profit.

 - do trade when ready
 - do trade with knowledge and motivation, not just because we saw one of our friends succeeded

Nothing is impossible in trading if we want to improve but never force ourselves if we feel we can't. Not all are meant for trading, please consider it rather than doing this like gambling.

[MFahad]

I think futures trading is a form of gambling. I saw the last six months report of a younger brother who is very close to me. He knows about crypto from my younger brother. He was taught the holding trade. Meaning, he was given an idea of how to trade on the spot. But he can learn about how to trade futures with the help of YouTube. And without informing my younger brother, he slowly started trading futures. After six months, the condition of his family became very bad. He was born in a middle class family. Later, the area was talking about his loss. I found out from his family that he lost around 14 thousand dollars trading crypto. I told him the last time I saw him to buy bitcoins with all his wealth. But he didn't hear anything. Later he sold his grandfather's land and paid off all his loans. Later I came to know from him that he knows about futures trade from YouTube and lost all his dollars by trading without understanding the value of x.

Now my question is futures trade is actually gambling? Or how did he lose all his dollars?

Futures trading is just like gambling.Just as a gambler bets in gambling,If his guess is correct, he gets a good profit,but if it goes wrong, he loses all his money.Thus, in future trading people spend money on long trade or short trade, if the market goes to their estimates, they make good profit,but if their guess is wrong and the market goes in the opposite direction, they lose a good amount of money.


​Especially new traders who don't even know about spot trading. They often start future trading with the lure of high profits and quick profits. While Future Trading requires a lot of experience. Most experienced people in future trading also do a lot of harm,While it is very dangerous for the new trader. You are mentioning the X, which is the only role in the Future Trading. Probably he has taken a futures trader with more leverage, which has lost all his capital.

[leonair]

I think futures trading is a form of gambling. I saw the last six months report of a younger brother who is very close to me. He knows about crypto from my younger brother. He was taught the holding trade. Meaning, he was given an idea of how to trade on the spot. But he can learn about how to trade futures with the help of YouTube. And without informing my younger brother, he slowly started trading futures. After six months, the condition of his family became very bad. He was born in a middle class family. Later, the area was talking about his loss. I found out from his family that he lost around 14 thousand dollars trading crypto. I told him the last time I saw him to buy bitcoins with all his wealth. But he didn't hear anything. Later he sold his grandfather's land and paid off all his loans. Later I came to know from him that he knows about futures trade from YouTube and lost all his dollars by trading without understanding the value of x.

Now my question is futures trade is actually gambling? Or how did he lose all his dollars?

When you use leverage in futures trading, if the price of that coin or token changes against your prediction, then your balance is likely to be zero.  And since there is a possibility that your balance will be zero, it can be compared to gambling. I myself say that future trading is a kind of gambling and it is better to stay away from it or it won't be long before you face big losses. A friend of mine  Got addicted to future trading and lost $60k.  So I always try to stay away from it. So if you want to do future trading then invest as much as you can afford to lose just like gambling.

[Baki202]

I think we have the real traders and the gamblers in trading and that does not make us see everyone in trading as gamers and gamblers
In as much as we have the gamblees, the same wey we have the real traders that had been in the market for long trading consistently making profits and loses at the same time over a period of time. The market is open for anybody that wants to trade and earn from the market in San much as we have the right tools and knowledge to be able to make profits in the market.

Futures trading entails risk, but all trading risk can be controlled; the only difference between traders and gamblers is that some have a similar mindset and should adopt comparable practices. I believe that bankruptcy will come next, starting with gambling and moving on to trading. Trading and gambling are comparable in that both involve the possibility of winning, while trading involves the possibility of gaining profits or losing them in a different way but with the same features and expectations. Making money is everybody's goal.

[lombok]

Future trading and gambling are different.

Future trading is a type of trading using leverage. Our capital will be multiplied according to leverage, therefore carrying out this trade requires accuracy in analysis and suitability of the leverage and margin we use. If we are careless in managing this, our money could run out. This is different from gambling, where we simply guess and bet the money we have. If we lose, we will lose the money we bet.

Trading futures is very risky. However, we can make big profits if we are able to analyze and utilize our skills in managing trades in accordance with market movements.

[tjtonmoy]

~Snip

Invest what you can afford to lose. That's the first rule of trading. Second is, do not trade without proper knowledge and experience. Spot trading is already risky, and your brother choose to do future trading! This is what we call lack of knowledge. This is what happens when you don't choose the right way of doing things.

Future trading is not gambling as you are analyzing the market and predicting the future. You can also use risk management in order to minimize your losses and keep your asset in order to continue your trading. Despite having similar attributes such as risks, future trading and gambling are two different things.
Don't mix it up. Your brother lose all his money because of his own fault. I don't think you know the proper way as well. Make sure to learn it and then teach it to your brother as well. Never go into trading unless you are good at it. If not, keep on learning...