Maybe future trade is gambling

[bitgolden]

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.

Depends on who is doing it to be fair. The reason why people call it "gambling" is that you either make a lot of money, or you lose it all. So if you trade with 1000 dollars, then you could make it 10k as well if you are right, or lose ALL of that 1000 dollars as well.

That feels like gambling, if you are a veteran who knows what they are doing and making trades based on TA and the chart, then you may not consider that as gambling, but if you are a newbie who is trying to just make way more money than they could with spot trading, then you are just risking it and gambling.

A newbie who has absolutely no idea if it will go up or down, making just a guess, like flipping a coin, is definitely taking a big gambling risk without a doubt.

[GeorgeJohn]

It's obvious that no trading strategies or methods can be classified as gambling, we have discussed this severally and make some conclusions points that gambling is totally different from gambling and its obvious that gambling is something that deals with luck and it doesn't have skill as trading have skill when you misunderstood trading concepts or fail to understand it very well you will not make profit

[gabbie2010]

The difference between spot trading and future trading is leverage which is high in latter therefore your brother traded with a high very leverage without having the required skills and knowledge of trading, trading is hard as a newbie like your brother ought to have risk a small percentage of his portfolio to trade thereafter after incurring losses he can quit to his Capital, learning crypto trading strategy on YouTube is not a guarantee to be a successful in crypto trading alternative he should had started with demo trading to gain some experience, future trading is not gambling to become successful in future trading you gained many years of experience in chart patterns and TA.

[EarnOnVictor]

It's obvious that no trading strategies or methods can be classified as gambling, we have discussed this severally and make some conclusions points that gambling is totally different from gambling and its obvious that gambling is something that deals with luck and it doesn't have skill as trading have skill when you misunderstood trading concepts or fail to understand it very well you will not make profit

You know what, people will always relate trading with gambling because the two have so many similarities even though they are different, so you cannot expect any less from people with poor judgemental skills. The two can make you lose your money fast just the same way they can make you gain more money fast, but one thing that is missing in the thought of these people is that trading could be effectively predicted with many facts, fundamentals and data at the trader's disposal, this is unlike gambling. Trading is a business, but gambling is betting. However, you can bet in trading too, but that doesn't mean you are not doing business as it entails buying and selling transactions which makes it unique. You buy the asset when it is cheap and sell it when it is costly, but the right analysis for speculative purposes matters to the success of the trader.

For this, you can't blame anyone if you wrongly speculate to sell when you should buy or buy when you should sell, which is the risk in trading that people mistake for gambling. But when the trader is professional enough and knows how to speculate and buy at the right time and sell at the right time, and also properly manages the money and risks involved, such a trader is distinct from gambling and such an approach itself makes trading unique and void of any links with gambling. Unfortunately, many supposed traders gamble while they want to trade, so I do not expect less when they conclude that trading is gambling. But this will never change the truth, trading and gambling are just different things. It all depends on how you handle your trading, this is what will define you as either a trader or a gambler.

[Mpamaegbu]

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

I've heard someone ask this same question recently at an event I attended. In fact, the dude didn't ask it as a question. He said it with a tone of finality that trading is gambling. A simple question I asked destablized him. The question was, what product do people exchange in gambling? Nothing! Gamblers only exchange fantasy while in trading one exchanges one commodity for another. So, whenever you think something is gambling ask yourself if there's a product for exchange. If there's, then it's not gambling. Let me add quickly that those who think anything trading is gambling are failed traders who've lost money to the market and in their frustration want to dissuade others from going into trading. Conclusively, trading (of any kind) isn't gambling. Both are two different things.

[Franctoshi]

The way you treat or approach the market would determine the results you would get, Trading has a set of rules to follow and as well as a strategy to navigate the market, and once you fail to follow those set of rules you are simply gambling in the market.

The trader got somthings wrong, The trader thought he had known it all by only learning how to trade on YouTube, trading is more difficult to understand than what you see they teach on YouTube, it requires some experience, and you also need an experience mentor who will be your guide, secondly it is very wrong to go borrow money in the name of trading, especially when you are a newbie in future trading, you won't even have peace of mind to make wise decisions in the market.

Most of the traders don't take time to learn. They enter the market with the mindset of becoming rich overnight, and would lose everything because of greed and not managing of risk.

[kentrolla]

The way you treat or approach the market would determine the results you would get, Trading has a set of rules to follow and as well as a strategy to navigate the market, and once you fail to follow those set of rules you are simply gambling in the market.

The trader got somthings wrong, The trader thought he had known it all by only learning how to trade on YouTube, trading is more difficult to understand than what you see they teach on YouTube, it requires some experience, and you also need an experience mentor who will be your guide, secondly it is very wrong to go borrow money in the name of trading, especially when you are a newbie in future trading, you won't even have peace of mind to make wise decisions in the market.

Most of the traders don't take time to learn. They enter the market with the mindset of becoming rich overnight, and would lose everything because of greed and not managing of risk.

True, I have made similar mistakes when I started trading, trading and knowledge about crypto are two different things as just knowledge and how crypto market trends doesn't make you a good trader and traders lose money because of this get rich quick fancy adverts cum traps which they see in YouTube ads and telegram channels. As you mentioned trading can be emotional drain and newbie should stay away from future trading at any cost as the winning trades are lot lesser than the losing trades.

[stomachgrowls]

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?

Sort of but not really totally gambling considering that you could really still apply trading analysis. It is really just that in futures on which chances of being liquidated is really that high specially if you do make use of high leverage which i could consider 25x up would really be that too damn risky. When it comes to potential earning then it could give out that huge gains too if the price entry and outcome would be positive on which it would be that immense on which it would be basing up on the leverage that you have set. This is why it is really that important that you should make yourself wary about into those probabilities about losing tons of money
and the risks involved. If you could be able to handle it out then its your choice but if not then better stick to spot first.

Make yourself that mastered on spot trading or having that 10x rather than on hurrying up yourself on engaging with futures trading.If you have been able to gain up that enough experience
and skills on your trading then it might not be a bad idea for you to test up futures but as much as possible you shouldnt really be setting out those high numbers
if you dont like on busting up so easily.Market is volatile as always and  there's no assurance when it comes to outcomes or results on where it would be heading.

[Natalim]

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

It was not gambling but he chose the wrong platform which caused their losses as they should not have chosen Futures Trading as they didn't have enough knowledge about trading. Unfortunately, with the influence of social media, many individuals have fallen into the wrong assumption that trading is the best way to earn money quickly, that is a big scam and lie coming from the mouth of these influencers as it never happens in real life.

In reality, Futures trading is not gambling but for some people, that can be like that. Trading with empty knowledge is even more than gambling IMO.

[Onyeeze]

Theirs a difference between trading and gambling because I know quite well that gambling is something that have to deal with luck and predictions ordinarily whereas trading have to do with skill acquisition and you most learn trading and understand the rules and regulations of trading before you will become successful in trading, so that is what I'm saying concerning trading, when you have not understand the basics things of trading Theirs nothing will make you to experience profit but in gambling either you know or not you will experience either profit making or lost base on it's a game of luck

[kojektea]

Some people say that trading is gambling. but if we look at gambling, it is a game that refers to one goal, namely money without any exchange value. Meanwhile, crypto trading still has value to be exchanged, namely commodity assets or digital coins that can be resold. Although some people aim to make a profit by buying some coins, this cannot be considered gambling. unless it is just a game with monetary profits.

[Lanatsa]

Theirs a difference between trading and gambling because I know quite well that gambling is something that have to deal with luck and predictions ordinarily whereas trading have to do with skill acquisition and you most learn trading and understand the rules and regulations of trading before you will become successful in trading, so that is what I'm saying concerning trading, when you have not understand the basics things of trading Theirs nothing will make you to experience profit but in gambling either you know or not you will experience either profit making or lost base on it's a game of luck

Most of us will be taken to far-flung locations by experience, areas where we will never be concerned about the continuous flow of income. What we failed to recognize is that things are not as complicated as we perceive them to be. There's nothing to be concerned about; simply relax and investigate; it's all simple phases, and there are measures we can become acquainted with. Trading and gambling are two very different things; everyone has their own ideas about what is important, and we must constantly remember to be extremely cautious and confident anytime we are in a position to produce substantial profits.

Speaking of curiosity then it would really be just that always part of human being on which if there's something that they could see that might be that beneficial for them, then it would be normal that they will really
be tending to make out some engagement but of course they would really be doing those research stuff and everything before they would really be able make involvement into something. When we are still new
then it would really be just that there are things which we cant really be able to know because of lack of experience and knowledge on which mistakes and errors would really be that evident or something inevitable.
I do somewhat agree into those points above that futures could act out as a gambling since you've been dealing with high leverage.

If you wont really be that careful then you would really be blowing up yourself but if you are really that knowledgeable and aware on  the things that you are doing
then you could really be able to make profits but just been said that this kind of skills cant really be that able to learn out on a short time.
So it does takes time.

[Jawhead999]

Some people say that trading is gambling. but if we look at gambling, it is a game that refers to one goal, namely money without any exchange value. Meanwhile, crypto trading still has value to be exchanged, namely commodity assets or digital coins that can be resold. Although some people aim to make a profit by buying some coins, this cannot be considered gambling. unless it is just a game with monetary profits.

It's weird you define trading as that, your explanation is pretty much like selling lol.

Sure there's an exchange between two assets, but technically it just an IOU, you're not really trade your asset to another one until you withdraw it to your non custodial wallet. This is why futures can be define as trading than gambling, either spot or future, you can trade your IOUs.

[Ahli38]

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?

I am sorry to hear about the loss that someone you know has experienced. I hope he can learn more from his defeat and become better afterward. And I don't think losing a lot of money should only be in futures trading. Even if you buy a shitcoin and then the dev runs away to withdraw the coin's liquidity, it will definitely leave you holding a worthless shitcoin, which means you still lose the value of your money. Likewise in spot trading, if we are not ready for a trade then we can only get losses. So the problem is not about futures trading or any other type of trading. But this is about your acquaintance who is not ready to trade but has forced himself to trade with large capital when he is not yet mature in insight and experience.

Any type of trade is still trade. Gambling and trading are clearly different. Although there are indeed people who trade by relying solely on luck. But that doesn't mean that trading is gambling, but that the person is the one who applies the wrong way of trading. Because trading requires insight, precision and experience. It requires expertise in analyzing both technical, sentimental and fundamental analysis. Apart from that, very important factors are also needed in managing finances themselves, such as money management and risk management. So we know when to stop and when to come back. And minimize losses and not be greedy when making profits.

So trade is trade. Loss and profit are two things that will always exist in any business. Not everything that makes us lose is gambling. Because losses can even come in any form. The most important thing is when we get into something. So learn first and start slowly and don't be greedy. Because the most frightening enemies in the world of trading are our own emotions, namely greed and fear. That's why we often look at market indicators related to these two things. Which indicates the importance of mastering these two things.

[yudi09]

-snip-

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

For me it's not. There are many types of trading with different patterns and technicalities.
Gambling is not trading and trading is not gambling. That's what I think.
Buy at low prices and sell when prices rise. Trading is about how strong you are in trying to make a profit with the strategy you choose to use.

Gambling is just a more dominant game with losses within a certain time. Gambling on a sportsbook, the time is only about 90 minutes. If the bet placed matches your predictions and choices, then you win.
Trading is still possible for you to hold before the target selling price has not arrived.

[Fuso.hp]

Some people say that trading is gambling. but if we look at gambling, it is a game that refers to one goal, namely money without any exchange value. Meanwhile, crypto trading still has value to be exchanged, namely commodity assets or digital coins that can be resold. Although some people aim to make a profit by buying some coins, this cannot be considered gambling. unless it is just a game with monetary profits.

Trading is not at all compared to gambling but futures trading can be compared to gambling. Money can be lost in futures trading and because this trading is more risky, many people do not find much difference between futures trading and gambling. I believe people who do futures trading have lost a lot of money in futures trading and even after losing money they feel that they should do futures trading because they think that futures trading can give them more profit. Although the amount of profit is less in spot trading, the risk here is very less, in spot trading, no matter how much the price of a coin falls, there is a chance of profit if the price of the coin increases again, but in future trading, if the price of the coin falls below a certain level, traders lose all their money.

[Hypnosis00]

-snip-

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

For me it's not. There are many types of trading with different patterns and technicalities.
Gambling is not trading and trading is not gambling. That's what I think.
Buy at low prices and sell when prices rise. Trading is about how strong you are in trying to make a profit with the strategy you choose to use.

Those who thought that trading was gambling were those people who never knew what trading was all about.
In fact, there is no fortune in gambling but trading does if we want. As OP said MAYBE, it means that it was not certain yet and we can change that view if we personally know what it trading, not just knowing it from other people or these influencers. I'm not sure but I thought that OP is pointing out about LUCK and this will happen for the traders who lack of knowledge and they just rely on luck to make a profit. In this case, I'm not going to wonder if that trader considers himself into gambling because he is not actually trading with knowledge and skill but purely relying on luck.

[leonair]

-snip-

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

For me it's not. There are many types of trading with different patterns and technicalities.
Gambling is not trading and trading is not gambling. That's what I think.
Buy at low prices and sell when prices rise. Trading is about how strong you are in trying to make a profit with the strategy you choose to use.

Those who thought that trading was gambling were those people who never knew what trading was all about.
In fact, there is no fortune in gambling but trading does if we want. As OP said MAYBE, it means that it was not certain yet and we can change that view if we personally know what it trading, not just knowing it from other people or these influencers. I'm not sure but I thought that OP is pointing out about LUCK and this will happen for the traders who lack of knowledge and they just rely on luck to make a profit. In this case, I'm not going to wonder if that trader considers himself into gambling because he is not actually trading with knowledge and skill but purely relying on luck.

Trading is trading and gambling is gambling but Future trading is slightly different from normal trading like spot trading. It can be said that future trading behaves like gambling because like gambling your fund becomes zero if you bet, similarly in case of future trading if your prediction is wrong your balance will become zero if you liquidate. So it can be said that future trading is more like gambling. So it is better to stay away from future trading because it is very risky and it can cause you huge losses in a very short period of time

[|MINER|]

No  trading is trading and gambling is gambling. Those two are different things.  Don't mix the two.  Your brother lost everything because he traded without understanding the situation in the market. It was completely due to his lack of knowledge.  If the market conditions are bad, you have to refrain from trading. Otherwise, all is lost for more greed.  If you are new to trading you should learn to be happy with little specially in case of future trading.

[Hyphen(-)]

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

Futures trading is not gambling; the only similarities are the major risks of losing your money all at once.

These are two different words with opposing meanings, yet if you are greedy, you will lose in both.

If you have knowledge about future trading before you begin trading, your losses will be minimal, and you will trade with confidence because you know exactly what you are doing; unlike gambling, where you will bet on something you are unsure of, and your chances of winning depend on the outcome of the event, and most of these gambling games are unpredictable; while you can predict trades and they will work based on your analysis.