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?
Trading in general could be gambling and at the same time not gambling depending on how the trader approaches the market.
It becomes gambling when you open your trading charts, see a trade going one direction and without properly spending time to analyze the market just dive in to the market and keep an expectation of a certain amount of dollars you want from the market and keep praying the trade goes your direction to meet your demand then you close the trade. And most atimes even when it gets to your expectation you leave it thinking more would come and you begin to struggle with your emotions and atlast trades like this ends in lose.
But on the other hand it's not gambling when you Do your proper analysis and backed up with your trading plan and you open your trade position and set a sl and tp and wait patiently for the results.
So, to newbies it's gambling in a way but more like a game for professionals so we need to learn till it becomes part of us then success follows.
