Maybe future trade is gambling

[AakZaki]

Everything that lies in the future is certainly gambling. Most particularly for futures trading where trading made in the future most likely become unpredictable, which means you don’t hold fixed outcome when you trade on it. Also, engaging in futures trading for non-pros or non-professionals in trading will highly end up like gambling. For safer option, avoid futures trading when you think you are not that capable and skillful enough.

Many people trade futures without having any knowledge because they think futures trading only requires guessing up or down and looks quite simple. But when they always lose, they will understand that futures trading requires good trading skills to analyze and manage when trading. whatever money is used for futures trading will be lost if one is not alert and does not have any plan.

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[Twentyonepaylots]

Everything that lies in the future is certainly gambling. Most particularly for futures trading where trading made in the future most likely become unpredictable, which means you don’t hold fixed outcome when you trade on it. Also, engaging in futures trading for non-pros or non-professionals in trading will highly end up like gambling. For safer option, avoid futures trading when you think you are not that capable and skillful enough.

Many people trade futures without having any knowledge because they think futures trading only requires guessing up or down and looks quite simple.

Basically, trading is just like that we are only guessing what could happen in the market, in any market but these guesses should be backed up with some historical movement although it doesn't always happen. One bad or great news can practically change in seconds. If you're new, just don't think that you learn everything overnight, it will kill you (not literally)

But when they always lose, they will understand that futures trading requires good trading skills to analyze and manage when trading. whatever money is used for futures trading will be lost if one is not alert and does not have any plan.

Some people may find futures trading challenging given the risk it contains but let people who don't know it learn their lesson by going into it.

[ScamViruS]

Many people trade futures without having any knowledge because they think futures trading only requires guessing up or down and looks quite simple. But when they always lose, they will understand that futures trading requires good trading skills to analyze and manage when trading. whatever money is used for futures trading will be lost if one is not alert and does not have any plan.

Futures trading looks attractive until the trader opens a position, when an inexperienced trader opens a position and only then realizes how dangerous futures trading is. I know someone who lost all his funds in futures trading, even now he is heavily in debt. Futures trading is a highly experienced trader's place, there is no place for inexperienced traders except to lose funds. Small inexperienced traders tend to lose in futures trading because they take high leverage, and are not aware of proper money management.

[Kelvinid]

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.

Do you mean it was more than we are gambling?
Well, just to carry over the risk in Futures trading and having an empty knowledge in doing this, it certainly will end up emptying our wallet and easily lose our money. It was just the same in gambling that we are now seeking for luck. But I don't it is right to say that Futures trading is gambling because the main concern now is the user. Even in spot trading, no way you can trade with empty knowledge nor go into war without everything, it simply just lose te battle and die. But if we totally equipped with knowledge and skills, earning a profit is not impossible.

[Lanatsa]

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.

Do you mean it was more than we are gambling?
Well, just to carry over the risk in Futures trading and having an empty knowledge in doing this, it certainly will end up emptying our wallet and easily lose our money. It was just the same in gambling that we are now seeking for luck. But I don't it is right to say that Futures trading is gambling because the main concern now is the user. Even in spot trading, no way you can trade with empty knowledge nor go into war without everything, it simply just lose te battle and die. But if we totally equipped with knowledge and skills, earning a profit is not impossible.

When it comes to risks or really that trying out to compare into gambling then we can say that it is really that somewhat that near into that point on which it would really be that too risky for people on trying out
even if we do say that they do really have that standard knowledge about trading but even doing into those steps wont really be guaranteeing you that you would be able to succeed such venture
and this is why it wouldnt really be that so shocking that people would really be having that kind of losing rate when it comes on being liquidated. We do know that the market is really that unpredictable
and there's no way that we could really be able to know it easily on where it would really be going. Touch up futures trading if you do really know on how to trade well because even veterans on trading
wont really be having assurance that they could succeed on spot.

The only main difference comparing to those noobs and old ones is that they do really know on what they do, when it comes to risks management or factor then they do at least having that
kind of awareness on how volatile and how risky the market is. You wont really be that go easily with future trading career yet this isnt something simple that you could get a hold of.
As much possible then it would be best that you should really be sticking with spot first if you arent that sure on what you are really that indeed doing.

[Ben Barubal]

Everything that lies in the future is certainly gambling. Most particularly for futures trading where trading made in the future most likely become unpredictable, which means you don’t hold fixed outcome when you trade on it. Also, engaging in futures trading for non-pros or non-professionals in trading will highly end up like gambling. For safer option, avoid futures trading when you think you are not that capable and skillful enough.

Many people trade futures without having any knowledge because they think futures trading only requires guessing up or down and looks quite simple. But when they always lose, they will understand that futures trading requires good trading skills to analyze and manage when trading. whatever money is used for futures trading will be lost if one is not alert and does not have any plan.

   There are actually a lot of communities entering futures trading without knowing how to use it. Those who watched it on YouTube were immediately hyped by the profit shown by the influencers. They thought it was that easy to get in the future.

   Because if the investor only ventures into futures, it will come out that he is not a trader, but rather a gambler, because he knows nothing about the category he is entering here in the field of crypto space. So what usually results in the end is that the capital is burned and just goes to nothing.

[lixer]

Everything that lies in the future is certainly gambling. Most particularly for futures trading where trading made in the future most likely become unpredictable, which means you don’t hold fixed outcome when you trade on it. Also, engaging in futures trading for non-pros or non-professionals in trading will highly end up like gambling. For safer option, avoid futures trading when you think you are not that capable and skillful enough.

Many people trade futures without having any knowledge because they think futures trading only requires guessing up or down and looks quite simple. But when they always lose, they will understand that futures trading requires good trading skills to analyze and manage when trading. whatever money is used for futures trading will be lost if one is not alert and does not have any plan.

Yeah, you are right. But one advantage of future trading is that it allows you to trade with a big amount even if the original capital is small so you can test your strategies where a higher bankroll is needed.

I tried my hands at future trading and wasn't so successful but it was fun and it can be insanely profitable if you know how to use it and when to use it. For example, you sense that Bitcoin ETFs are nearing approval and the market will pump, in such cases, you can open a short position and earn huge. But of course, if the price fluctuates even a little bit you are at the risk of getting liquidated and it can happen within seconds based on how much leverage.

[FinePoine0]

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?

Hi Bro, Sorry Future Trade
I went to future trading and transferred 2000 dollars fund saying that I will trade futures. And within 20 minutes of starting the trade, I looked at my $2000 portfolio and saw that I had added $700. And I was giddy with joy, and soon after the dollar began to slowly decline.  And after a while I looked and saw that my total was down from $2000. And a little later I refresh and next I see I have $1400 in total assets. And I cancel the order in the same way. And now I bring my dollars from there and put them in spot trading. And I vowed why I went into futures trading only to have my $600 vanish within an hour. So my idea about future training is proof that it doesn't take time to lose and it doesn't take time to open the forehead.

[Cryptmuster]

Many people trade futures without having any knowledge because they think futures trading only requires guessing up or down and looks quite simple. But when they always lose, they will understand that futures trading requires good trading skills to analyze and manage when trading. whatever money is used for futures trading will be lost if one is not alert and does not have any plan.

Trading futures without the proper knowledge is undoubtedly the same as gambling without the proper knowledge. Whatever you decide to do, you need to have good knowledge. It is important to understand that there will be losses in any business (trading or gambling), you cannot do without it, but if you have sufficient knowledge, then in the end you will be able to achieve a profit. If futures trading is too difficult for you, then you can try spot, if you lose more than you earn, then perhaps trading is not for you...

[G_Besar]

   There are actually a lot of communities entering futures trading without knowing how to use it. Those who watched it on YouTube were immediately hyped by the profit shown by the influencers. They thought it was that easy to get in the future.

I don't think there is a problem for people who enter futures trading after watching it on the YouTube platform, because it will also be quite useful for those who immediately want to trade futures after watching one or two shows on YouTube. Wouldn't that be much better than sitting around doing nothing after watching more videos on YouTube? Because useful knowledge is knowledge that can be used immediately after seeing it on any platform, even though at first there may be errors because this is due to their not being used to it.

   Because if the investor only ventures into futures, it will come out that he is not a trader, but rather a gambler, because he knows nothing about the category he is entering here in the field of crypto space. So what usually results in the end is that the capital is burned and just goes to nothing.

Actually, you also have to understand the stages of learning and the stages of trying while learning, because if someone is afraid to try after reading and watching a lot of things from any media. He will also never be successful because he will never get anything from what he has studied for a long time, so trying to do it after studying is a wiser thing than just keeping it in his head by not doing anything because he is still afraid of making a mistake or loss in trading.

[YOSHIE]

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

Spot trading, margin, futures, these three types of trading are almost the same, buying when it is cheap and selling when the price of the crypto being traded rises, For this reason, as far as I know, gambling and crypto trading have different issues and understandings, even though in both activities many people often experience losing money.

My understanding is that these two activities have different options and cannot be equated at any time, whether it is long or short term, I cannot find trading in the same direction as gambling.

[doomloop]

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

Putting your money into anything without understanding the basics and how it works can be termed as gambling. I think more than 50% of the crypto traders are gambling because they buy any random coin from the market and "hope" that it will do well. Similarly, people who are day trading BTC are buying and selling randomly without any analysis and is perhaps gambling.

When it comes to futures trading, it's extremely volatile and to an extent as risky as gambling. Futures trading is for those who have a lower capital but good skills about when to buy and when to sell.

I think some known gambling house allows trading with up to 1000x leverage and when a gambling site starts allowing trading it's clear that people are gambling in the name of trading.

[Huppercase]

Futures trading may only turn gambling if you actually trade without knowledge and experience. That way, regardless if it's spot or futures, everything will definitely end up with gambling. And once you trade with high leverage, without being good experiences in futures trading, you will only end up trading like gambling.

Hence, I don't suggest for everyone here who is starting to trade to engage in futures trading as it's highly risky and has a high danger of losing if you trade without sufficient skills and strategies.

With experience or without it, futures is gambling because there is liquidation and with that included, you risk losing everything. The way you don't have control over gambling result is the same way you don't have control over liquidation but you can manage it by either making more deposit or trading with cross margin so that you can have options to make more deposit incase you of liquidation but as a trader, do you intend to make more deposit into a cross margin when you want to make more money?

Trading on spot is like risking all you have in anticipation for growth but futures is something like you are betting with another trader that the price will come up or down while the other person is predicting that the price will come down or up. You guys are counter trading eachother and is who ever is correct among you too will be having a green PNL. I wouldn't advice any trader to do futures.

For professional traders, futures trading is a big opportunity to gain instant wealth but for beginners, it requires specific knowledge and skills first, hence beginners when they tend to do futures trade, they mostly end up gambling knowing they have less or no experiences in futures trading.

Trading with high leverage will add more risks but the rewards are also worth the trades that’s why a lot of traders suicide to do futures trading but still end up losing because they lack the skills and experiences to succeed.

The higher you risk, the high chance of you getting liquidated quickly. When I see traders doing 15x and 25x, I see it as a greed and nothing more. It's will give you a profit of 15-25x quickly because of traders with less capital but any sharp decline will take that small capital from you before you even blink an eye, even I'm to trade sophisticated trades other than spot, it's will be margin with 3x maximum, it wouldn't exceed that range.

[SOKO-DEKE]

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 might be seen as speculative, similar to gambling.Although there are differences,Futures trading depends on market research, tactics, and risk management even though both entail risk. Investors, hedgers, and speculators utilize it as a financial instrument to control price volatility. On the other hand, careless conjecture or insufficient comprehension may result in substantial losses.

There are a number of reasons why a trader may lose all of their money when trading futures. Unexpected market events, poor market research, emotional decision-making, and high leverage can all be factors. Losses could be increased by poor risk management and an excessive dependence on speculating. A detailed grasp of markets, rigorous execution, and ongoing learning are necessary for successful futures trading. It is imperative that traders approach it cautiously, understanding the possible risks and using tactics to reduce them.

[God bless u]

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?

Yes, this future trade seems to be gambling in the game because if you look, it gives you a loan as much as you have money in it, but it also deducts a percentage from the closed full account when you run out of money. If it happens, then what you have they will liquidate you, As long as with the gambling there is a lot of risk. All your money is in risk that is, you take a loan from them.

Loan means that you play this game on their money. For example, you are playing the game with their money and also with your own money, this will increase the interest you have, but the benefit will also be more for you, but you will also have to bear the loss more because in case of  Liquidation.

[shawonngp]

If you want to start trading like a blind person and without knowing anything about it, then everything will seem like to gamble. Not only future trading, you can not start spot trading without learn and research, how dare where he is started future trading and finally lost over 14k$, future trading is high risky method on crypto trading it's not like a joke.

[Questat]

Many people trade futures without having any knowledge because they think futures trading only requires guessing up or down and looks quite simple. But when they always lose, they will understand that futures trading requires good trading skills to analyze and manage when trading. whatever money is used for futures trading will be lost if one is not alert and does not have any plan.

Trading futures without the proper knowledge is undoubtedly the same as gambling without the proper knowledge. Whatever you decide to do, you need to have good knowledge. It is important to understand that there will be losses in any business (trading or gambling), you cannot do without it, but if you have sufficient knowledge, then in the end you will be able to achieve a profit. If futures trading is too difficult for you, then you can try spot, if you lose more than you earn, then perhaps trading is not for you...

The sad thing is that many people choose Futures trading instead of experiencing spot trading first thinking that it was too easy and more profitable. Indeed, they realize that they are not capable enough due to a lack of knowledge and end up like they are relying on hope and luck like they are gambling.

A person who has no idea or knowledge of a particular thing will never succeed, they are just like gambling. It is just like we are throwing our money at the casino. That is why it is very important to asses our position before trading and tried to start building confidence in spot trading before jumping into Futures Trading.

[libert19]

I consider futures to be a double edged sword. As long you know what you are doing and stick with less than 5x leverage, futures can be a handy tool especially when you are low on capital and want to take advantage of particularly bullish market, however trading at high leverage is sheer gambling.

Also one thing that helped me lot in my life, is to stay away from thing unless you understand it completely, it saves you from lot of misfortunes. Will definitely be helpful for your friend.

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

How did he lose all his dollars? Have you traded in futures? You should give it a try with $10 capital and 100x leverage, you will know. Lol.

[tygeade]

I consider futures to be a double edged sword. As long you know what you are doing and stick with less than 5x leverage, futures can be a handy tool especially when you are low on capital and want to take advantage of particularly bullish market, however trading at high leverage is sheer gambling.

Also one thing that helped me lot in my life, is to stay away from thing unless you understand it completely, it saves you from lot of misfortunes. Will definitely be helpful for your friend.

I do agree that knowing what you are doing is the hardest part, because not many people know what they know, and they think they know when they do not know.

I hope that we could end up with something that would benefit everyone, it is not going to be all that simple and we should be considering that leverage is something only the veterans can do, if they end up used by newbies then it could be exactly like gambling, it is all or nothing type of situation. I am not sensing anything major there, I do not think that it is an addiction that causes trouble as much as gambling so far, plus it is not guaranteed to lose because there is no house edge, you might lose, but you at least have a chance to win with leverage as well.

[blckhawk]

Not really, it's just a much riskier way of trading and just because the odds are about 50% win or lose doesn't mean that it's the same as gambling, it's not as mindless as gambling because you're going to need a lot of brainpower for the analysis of the charts and the pattern that the current market movement is showing. Also, the uncertainty to win your gamble in gambling is so low compare that to future trading where the chance of a win is the same with losing. To be honest though, it's tiring to argue whether trading or gambling is the same and in my opinion it's fruitless blabber to decide if it's the same or not, people have different ways that they see things and it's not like this debate would be world ending if it's not settled.