Maybe future trade is gambling

[wtsimis]

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?

[Oshosondy]

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

Trading is trading. Future trading is future trading.

Gambling is gambling.

The question is: Is future trading risky as gambling? Yes. The higher the leverage the higher the risks.

[electronicash]

since you wager when you predict which team is going to win in a sports match, you therefore are betting for a team to win which means gambling. the fine line between futures trading i guess will make people conclude it is also gambling since the trader is also predicting where the market will go within a time.

so maybe it's just gambling as well. the binary trading seems to be classified as gambling, it's even on casinos like rollbit. the difference is that in trading you have a tool for predicting the market while in a sports match, you just analyze based on the skills and previous games.

[AbuBhakar]

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.

[abel1337]

Future trading will be gambling if you are trading blindly and just relying on chances. Trading is trading because we have things that we can do to improve our winning chance which is technical analysis and fundamental analysis. Longing or shorting without any idea is just pure gambling.

Futures trading is just risky as it's own and there are people who don't really realize it. Spot could be boring for some people but I believe it is the best way to do trades as you won't get liquidated on spot.

[Pandu Geddon]

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

This has been discussed several times on the forum. regardless of what your sister or your sister's friends do with their futures trading. it was the mistake of the trader, it was because he was a beginner and just learning and trading very greedily when trading futures. what goes bad is when he learns from videos, without better understanding and direction. maybe the trader made a mistake.
video might solve some problems but not for trading. learn from the right people. If you are learning on your own, then minimize the risk with small funds as a beginner.
we all have to say, that trading will never be the same as gambling.

[Fuso.hp]

You can compare futures trading to gambling because just as gambling has a high risk of losing money, futures trading has inherent risk of losing money. In case of futures trading, there is usually an opportunity to trade with a loan, but if there is a mistake in accepting the trade, the money can be lost in a moment. The risk of losing money will be reduced as the trade is taken for profit in futures trading. Future trading can generally be played in two ways, one may play the short method and the other may play the long method, but no matter which method one plays, everything has a specific target. If the price of that coin falls below or above the specified target, the trader will definitely lose his money.

[8rch7]

Future trading will be gambling if you are trading blindly and just relying on chances. Trading is trading because we have things that we can do to improve our winning chance which is technical analysis and fundamental analysis. Longing or shorting without any idea is just pure gambling.

Futures trading is just risky as it's own and there are people who don't really realize it. Spot could be boring for some people but I believe it is the best way to do trades as you won't get liquidated on spot.

Future trading with bigger leverage likely as the gambling with bigger risk and has two option only loss or win, the same with gambling put our bet on sport betting win or loss and there are not optional get refund with our money later. I think future trading have liquidation way and its the same with gambling when loss predicting actually will loss fund and future trading with not accurate between short or long position open get chance loss our fund.
Seems comparison between future trading and gambling because potential losses our fund and why many people claimed about future trading is the same meaning with gambling.

[ancafe]

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

It depends on how clamped a person is regarding understanding regarding futures trading. However, what needs to be understood is that trading is still trading and gambling is still gambling? When we are involved in any form of trading it is impossible to expect luck like the gambling activities we do. Because trading activities are only carried out if we understand how it works and most people misunderstand trading, so that at one point they experience losses that should not have occurred.

It is much more correct when we say that trading will be much riskier in the long term because the higher the leverage, the higher the risk. But what can limit all of that is only knowledge about trading itself because the more familiar you are with trading, the more experienced you will be in how to trade.

[ajiz138]

I think it's different futures trading and gambling, maybe some will consider the same, but you need to know that gambling is purely due to luck but futures trading you can use skills to do in order to make a profit.

Your friend trades futures blindly in addition to learning from Youtube which is completely not understood what patterns are needed, then he takes out a loan for this trade it is clear that he will lose a lot of money and may use high leverage because of greed or ignorance of what risks occur.

He lost the whole dollar because of high leverage, not analyzing properly, or trading futures carelessly, it could happen.

[Nrcewker]

We consider an activity as gambling when the risk intake is high and the returns are huge. If a similar condition arrives at any activity, then definitely it’s nothing but pure gambling. If we see in future trading then definitely you buy the coins and sell at limited time, here the profit can be huge, and if went for loss, then it will really go very down. So yes future trading is almost like gambling or risking your money. The story you mentioned really made me sad, he lost the money due to high risk or which you can say high leverage.

[_act_]

We consider an activity as gambling when the risk intake is high and the returns are huge. If a similar condition arrives at any activity, then definitely it’s nothing but pure gambling. If we see in future trading then definitely you buy the coins and sell at limited time, here the profit can be huge, and if went for loss, then it will really go very down. So yes future trading is almost like gambling or risking your money. The story you mentioned really made me sad, he lost the money due to high risk or which you can say high leverage.

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. An investor can lose. In a business, a business man can lose. In anything that we can gain from, we can also lose. But the risks are higher in future trading. The risks are higher but it is not gambling.

[South Park]

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?

It seems that what you truly mean to ask is if the risks taken by those trading futures outweigh the possible benefits they can receive? And most of the time this is not the case, futures trading is supposed to be used only by the very best and the most experimented traders out there, and taking into account the results it is obvious your brother was not really ready for it, however he should have known this from the beginning, it is just that watching those youtube videos made him think he actually had a chance.

[lionheart78]

Future trading has a similarity with gambling due to high risk and possible emotional trading.  But these two activities are different things.  Gambling specifically the game of chance can't be affected by any analysis or calculating skills, while future trading is based on analysis and skill to know the movement of the market.  Aside from that, we can't apply risk management to gambling only bankroll control while in future trading, risk management can be applied as long as we know the market weaknesses and possible exploits.  Although the risk involved in future trading is way higher than in normal trading, I believe the presence of the ability to manage risk and apply skills and analysis is the separating line between gambling and future trading.

[stompix]

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! 

Trading is trading. Future trading is future trading.
Gambling is gambling.

And the fundamental difference between the two being?

I think it's different futures trading and gambling, maybe some will consider the same, but you need to know that gambling is purely due to luck but futures trading you can use skills to do in order to make a profit.

Yeah, heard that one hundred teems, it's skills, it's knowledge and all that bs and when a bear market comes traders have the higher suicide rates of all jobs in the worlds. Traders trying to paint their guessing game as skills or knowledge are worse than degenerate gambles who try to predict numbers and colors in a roulette game based on past games.

[EarnOnVictor]

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.

This is a pathetic and unfortunate story and I must say that this guy is so unwise, he handled trading badly and wasted resources in a way that should have been avoided. As you narrated the story, I can decode that the guy is a novice, he was just using headstrong to trade thinking he has known everything, but that is how it ends for people like him. Well, there is a difference between investment and trading, and had it been it's an investment, he might be smiling at his bank account by now. But trading, it is risky, you need to know it very well and also be a good trading and account manager before you can be successful in it. I feel so sorry for this guy and the lesson through YouTube will contiue to put them in trouble as they do not tell them the real truth that trading is not easy.

Even if one would want to start trading newly, a very small amount is advised in the beginning and no temptation should have caused the person to do otherwise. As it is now, the guy should just take a break and fix his life first, trading is not for him, and if he will trade at all, let it be in years and not now. However, you can convince him to invest if he will ever yield judging by this bitter experience.

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

Well, trading and gambling are not the same thing, however, there are gamblers in trading. A typical example is this guy who doesn't know trading well but just gambling his way out until he loses everything. But this doesn't stop the fact that "trading is trading" and that there are real traders who do not gamble but follow a good trading plan and style.

[boyptc]

It's actually a gamble if you have no idea with what you do. But let's take it with the risk that futures has and you can just conclude that it's a gamble on its own.

How he lost money?

It's because someone who has no idea of what he does there shouldn't go into futures and the more idle you are there or just holds there, it's not an ideal place to do so because you'll just lose mone if you do so.

[Woodie]

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

Trading is trading. Future trading is future trading.

Gambling is gambling.

The question is: Is future trading risky as gambling? Yes. The higher the leverage the higher the risks.

Literally calling a spade a spade ,love it!!

Though it gets me worried whenever we have people call trading gambling... whether futures trading, options trading, perpetual trading whatever it is it's all about having the skill in this art that one needs to succeed, otherwise if a person lacks the patience and emotional control that you just want to guess on whether to short or long the markets then it's called gambling, no two ways about it.

Let's practice more and fine tune our strategies for us to better our chances of success when it comes to trading  

[_act_]

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.

[stompix]

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.

And what's the difference?
You get lucky to buy a coin and sell it at the right time, you get lucky on betting on horse when he runs the race of his lifetime.
Is there any skill or knowledge that would protect you when you trade if a a nuclear bombs hits when you're going long ? Is there any skill or knowledge that would protect you from Biden coming on live TV and saying the US is ditching the usd for BTC when you're all short?
No, nothing!
No skills in this world can predict something in the future, otherwise you would have everyone a billionaire by now!

Trading is just luck, to buy at the same right time and sell at the right time.
Gambling is also luck, bet on the right horse on the right race!

I've challenged almost everyone here to show me the knowledge that would have predicted ahead of the event oil going negative, guess what, crickets!
Because there is no such thing, you just have strategies based on past events, and you GAMBLE on them repeating in a pattern or not!
Counting cards at poker and trying to guess what the adversary has is also considered skill, but it's still luck, me looking at what a horse has done on this surface be it dirt or grass, with this jockey over a distance on a left or right circuit is also about knowledge but just as with trading, it also relies on a ton of luck!