Maybe future trade is gambling

[Sanitough]

Futures trading is gambling if you lack the experience to make it work. But if you are a professional trader, futures trading will give you more chances to acquire profits because you have the knowledge and skills to make it work and happen.

However, for newbies who decide to resort into futures trading, the risk to lose is high compared to spot trading. My advise is, don’t rush into futures trading just because of its high promising profits but gain learning experience and skills first before you decide to take bigger risks when trading.

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[mirakal]

If you trade simply relying on YouTube completely, you will really get burn with trading and end up like gambling. Most especially if we talk about futures trading, the risk to lose is high particularly if you apply leverage trading. That’s the reason why futures trading is not recommended for newbies or for those who have no enough trading experiences. Not only it will make you lose huge amount of capital, but it will also make you regret why you resort into futures trading when you can safely invest and hold long term.

However, we don’t hold the decision to every trader who wishes to take part in futures trading. But as long as one gets to trade cautiously, and knows exactly how to manage the risk in futures, then I guess it’s still fine to trade with futures as long as he’ll ready himself for future big losses.

[AnonBitCoiner]

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

Gambling and trading are very different from each other but when you are not capable of using your knowledge and strategies then it means that your are considering gambling and trading similar which is a big fault of most of the traders of crypto.

Trading is not difficult because strategies, skills and using technologies are those things which makes it easy and you will easily get for what you are working. You can enhance your efficiency with the passage of time and don't think that if once you fail you will always be a losser but evaluate your abilities and skills which will make you better trader one day.

[EarnOnVictor]

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.

I am with you on the fact that gambling and futures trading are not the same thing, but I am not with you on the fact that they can both cause people to lose their money at once. Futures trading is business but when wrongly planned you get to lose money. But still, you do not lose the money at once unlike gambling, you lose it as the price of the market moves against you gradually. At this stage, you might even want to opt out and still keep the remaining money in your account. You might also want to withdraw it immediately or use it to try your luck next time.

But gambling is not like that, once you commit the money into betting most times, that is the end of it. You will only be waiting for the outcome of the betting good or bad even as your money has been locked, and if you don't win the bet, you get to lose all the money unless there are some promos and rebates/rakebacks that could be some forms of compensation for you. By this, anyone can know the one that is riskier, and I am sure from my experience of gambling and trading that they are not just the same thing unless the trader wants to deliberately gamble with his money. Even at that, the money can't be lost immediately unlike in gambling.

[yudi09]

Those who thought that trading was gambling were those people who never knew what trading was all about.

Correct. But not all.

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. -snip-

Futures are one type of trading. Not all traders can carry out these trades easily because this type of futures trading is more complicated than spot trading which is easier for some traders to carry out. Not all traders can do the futures referred to by the OP.
The way it works is that futures trading may be like gambling, so people easily say trading is like gambling. Actually trading is trading and not gambling.
If futures trading can be done, the profits are also easy.

[AicecreaME]

This topic has been discussed here so many times but this is my opinion.

Gambling is much riskier for me, why? Well it is rigged most of the time. What I mean by that is it is designed for the house to win always, for the sake of their bankroll. You can play gambling in physical casinos and you won't even win, maybe you can, but that is just to lure you in even more, to make you believe that you have a chance to make a fortune.

While trading also includes risking your money in order to gain even more money, at least you're the one who can make it fair and you know the market action is not rigged like in gambling. You have a high chance of making profits in futures trading if you also have a high amount of knowledge that helps you produce solid fundamentals or technical analysis in trading.

[johnsaributua]

I wish you and your younger brother  patience in recovering from the loss of your brother, which was caused by self-taught learning from online and so boldly spent that much money, even though the goal was trading.

Trading is a broad and numerous instrument to date, for me there is nothing wrong with futures trading because there are advantages including borrowing capital (leverage) then if the trend prediction error is either a flash dump or a flash pump of course there is also a benefit? (other traders side). it can be interpreted that futures trading also brings prosperity. Look, the law of selling is buying if there is profit and loss is that normal? yes of course, that's where the role of take profit and stop loss.

Trading to save adn hodl (spot) if the technical analysis is wrong, of course the value of fiat decreases, although the decimal of crypto assets remains intact when selling, then when buying back the decimal unit will decrease according to the fiat that is owned, meaning that trading according to the exchange is at risk of running out even though not at once, indeed the advantage besides futures can wait for recovery but if in the future you can return capital in a short time of hours or days it might be better.

Candles are the same, the logic and scenario of each moment is the same, regardless of the type of trading instrument, I think the main obstacles are, understanding, managing capital, and experience. Prioritize strategy over expectations and visuals created by your own imagination. I think it will be very useful, also in the future there will be many trading instruments that may not be imagined today, if you blame technology and progress it makes no sense.

[cryptoWODL]

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?

There are many differences between gambling and trading, but those who fail to find the difference are essentially conflating the two. In fact, the prerequisite for trading is that you need to learn and understand trading. He made a wrong decision by trading futures. Some of my friends along with me once got addicted to futures trading but we earned quite a lot in the initial stage but later on we lost.
You said he lost $14,000 in futures trading, that's a lot to me. If he had a better understanding of cryptocurrency and Bitcoin, he would have invested in Bitcoin instead of futures trading. He could have bought many bitcoins at once with the amount of money he lost futures trading. Even if he had invested this amount of bitcoins for a long period of time, he would have got a much higher profit.

[Bushdark]

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

Gambling and trading are very different from each other but when you are not capable of using your knowledge and strategies then it means that your are considering gambling and trading similar which is a big fault of most of the traders of crypto.

Trading is not difficult because strategies, skills and using technologies are those things which makes it easy and you will easily get for what you are working. You can enhance your efficiency with the passage of time and don't think that if once you fail you will always be a losser but evaluate your abilities and skills which will make you better trader one day.

Anybody that want to gamble in the market would gamble and there is nothing we might do about it. It is very important for us to learn the skill very well so that we can utilize the skill and use it to make money for ourselves. Gambling is not as sin but sometimes we don't have to engage in gaming when we are trading because it can pose a big risk to our funds. People gambles too but we don't have to do it often because it can be a big loses for us that might not know how to go about.

[irhact]

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?

Future trading isn't gambling but a form of trading that involves more risk and also have a high reward. Future traders are trading with leverage therefore they can make more profits and also make more losses. When you don't understand trading and you try future trading, you'll lose all your money very quickly and that's what happend to your brother. Some individual go into trading with the mindset that they're gambling and this make them to lose even more money.

If he had understood the market and didn't trade more money that he can lose, he wouldn't had lost everything. Your can lose everything when you're trading on spot market and have your stop loss set but he didn't do that instead traded on the future market with no experience and that made him to lose all his money. When trading, it doesn't matter if it's the future or spot market but you can repeat strategy and profits but you can't do that when gambling, that's one of the difference.

[justdimin]

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.

He knows this. And if you can read again, you may find, he only says that futures trading is a form of gambling. He is right with that though. Even with a proper understanding, futures trading is still risky but how much more without it? It is definitely a gamble. But, having a lack of knowledge is not an excuse to go ahead and just trade randomly. We can do better than this, and that is by learning it for a while.

Skilled traders can still trade even on a bad market. They already formulated a strategy for it although their income might only be smaller than the normal and better days. That's fine, at least they are not zero and it's better than if they waste their time on anything else that are not important.

[KingsDen]

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.

As you have said, gambling is gambling while trading is trading. But there is a type of trading  that looks like gambling and that is futures trading. It is only in a rare case that I will say that futures trading is not gambling, and that is when an experienced trader is behind the screen. An amature future trader is simply a gambler. Infact, an amature spot trader is also a gambler. You do not gamble when you understand statistics and apply it in your trading. But once you know nothing about the charts and candlesticks and yet you are confidently trading, you can be considered a gambler.
OP, advice your brother's friend to buy and hold bitcoin and not to buy bitcoin with all his wealth. Everything should be done in moderation and we will have no cause to regret.

[nurilham]

Futures trading is gambling if you lack the experience to make it work. But if you are a professional trader, futures trading will give you more chances to acquire profits because you have the knowledge and skills to make it work and happen.

It is not only in futures, trading with lack knowledge is also like a gambling although you trade in spot. We all know that people who trade with lack of knowledge probably rely on guessing the prices. They don't use proper analysis to understand the potential of price moves in the future. But the difference is about the risks. In future, we may lose all money but in spot we probably decrease the amount of money.

However, for newbies who decide to resort into futures trading, the risk to lose is high compared to spot trading. My advise is, don’t rush into futures trading just because of its high promising profits but gain learning experience and skills first before you decide to take bigger risks when trading.

Future trading is not for newbies. If we are still newbies, it is better to focus on spot only. If we already get enough knowledge and experience in spot for some months or years, it is okay to try future with small funds. Don't hurry to try luck by trading in future with big money. Although it is not impossible to earn huge money due to luck factor, but mostly people fail to trade with luck-based way.

[TimeTeller]

Futures trading is gambling if you lack the experience to make it work. But if you are a professional trader, futures trading will give you more chances to acquire profits because you have the knowledge and skills to make it work and happen.

It is not only in futures, trading with lack knowledge is also like a gambling although you trade in spot. We all know that people who trade with lack of knowledge probably rely on guessing the prices. They don't use proper analysis to understand the potential of price moves in the future. But the difference is about the risks. In future, we may lose all money but in spot we probably decrease the amount of money.

However, for newbies who decide to resort into futures trading, the risk to lose is high compared to spot trading. My advise is, don’t rush into futures trading just because of its high promising profits but gain learning experience and skills first before you decide to take bigger risks when trading.

Future trading is not for newbies. If we are still newbies, it is better to focus on spot only. If we already get enough knowledge and experience in spot for some months or years, it is okay to try future with small funds. Don't hurry to try luck by trading in future with big money. Although it is not impossible to earn huge money due to luck factor, but mostly people fail to trade with luck-based way.

Spot or futures, both have the same inclination to gambling if the person doesn't know what he's getting into.
If you are a beginner, just get involve to lesser risk in trading like spot trading, however, you still need to learn and understand each project you want to get involved with.
And when it comes to futures, if you have no idea here, better not to divulge yourself as you will only liquidate your position fast.
Hence, most people are considering this type of trading as a high risk gambling. Because you will be on the losing end most of the time if you have no idea on this particular trading.

[ScamViruS]

Futures trading is for advanced level experienced professional traders who have a lot of trading experience and have enough knowledge about everything including money management. New traders who come to the crypto market tend to look for various short-cut ways to make quick profits, among which Futures trading is one of them. Trading and gambling are different things but when one trades using high leverage without any proper knowledge then that trading also falls into gambling.

And the addiction of futures trading is terrible, I once got addicted to this futures trading, I wasted a lot of money and time for which I still haven't fully recovered from that bad situation. So this futures trading should be avoided by normal traders, who gamble with high leverage in futures trading.

[batang_bitcoin]

I'd say that futures is really a gamble and that's why no newbie should touch it with big amounts of money that they can't afford to lose. Because if they do, it's even riskier than gambling because with gambling you can have your luck but with futures, no luck, no experience and analysis if combined, you're giving away your money and letting the market burn you on an instant basis.

[Mauser]

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's hard to give a general answer here, but futures trading is definitely not gambling. Gambling is a complete game of chance where you play against the house, that has an advantage over you through the house edge. With futures trading you have a contract to buy a particular asset at a later stage in time, where you make a profit if the spot price is higher than your future reference price, or a loss if the price is lower. The higher volatility of futures comes from the leverage involved, you only put down the money for the margin account that is much lower than the spot price of the coin. Assuming that your friend lost so much money in a very short amount of time, he must have gambled way above his means. Without proper risk management, futures trading can lead to large losses. A buy and hold strategy is not really advisable for futures, because prices can change quickly. We should react with the price change and sit through large swings. Getting wiped out with futures and being forced to liquidate is devastating and should be avoided at all cost.

[Games.Bitcoin]

Trading and gambling are two different things. In gambling you depend on your luck. It's no chance of you winning or losing, which you don't know. But if you invest in trading you may get a good profit. But futures trade is a game of leverage. If you start trading with excess leverage without doing a good analysis and understanding about leverage, then you will surely lose. The calculation of futures trade is that the more leverage, the more risk.

[tsaroz]

Trading and gambling are two different things. In gambling you depend on your luck. It's no chance of you winning or losing, which you don't know. But if you invest in trading you may get a good profit. But futures trade is a game of leverage. If you start trading with excess leverage without doing a good analysis and understanding about leverage, then you will surely lose. The calculation of futures trade is that the more leverage, the more risk.

Well said but when people are risking something in expectation of a higher reward with not the result not in their control, it's a gamble.
In simple trading or investment, you can hold the coin that has lost its value in anticipation of it getting its ath on the next  bull run. But in future, there's no hope if things turned out a bit different than you predicted. Another similarity between futures trading and gambling is you lose all when things go wrong. There are variations on both where you get something back but it's minute.

[South Park]

I'd say that futures is really a gamble and that's why no newbie should touch it with big amounts of money that they can't afford to lose. Because if they do, it's even riskier than gambling because with gambling you can have your luck but with futures, no luck, no experience and analysis if combined, you're giving away your money and letting the market burn you on an instant basis.

That is what those people do not get, at least when it comes to gambling if that day was your lucky day you can score a big win, but when it comes to futures trading what matters the most is your skill level, and someone that does not know much about the markets will get trashed by the other expert traders in a relatively short amount of time, so regardless of what those people have read on social media, futures trading is a form of trading in which they should not engage.