° Futures Trading A Chance for Profit or a Major Gamble?
° Can Futures Trading Bring You Wealth, or Will It Lead to Total Loss?
° Futures Market: A Route to Gains or a Pitfall of Losses?
Futures Trading: Risky Business or Rewarding Opportunity
19 replies 56 views
alex.shardLegendary
Posts: 1019 · Reputation: 5623
#2Aug 18, 2017, 06:03 PM
Just see future trading like gambling because it can take money fast from someone just like gambling. Especially the newbie traders that will think of using $50 to enter $500 or $5000 position or those that are trading highly volatile coins. They will see themselves losing like they are gambling. Be careful of trading in the derivative markets.
CyberFalconFull Member
Posts: 167 · Reputation: 738
#3Aug 18, 2017, 09:19 PM
I am not a fan of future trading, so I will express my own opinion from my perspective. You guys may not agree with me, but I will never change my mind about future trading.
For me it's big risk, I don't see opportunity of success there. Future trade is kinda gambling, you don't know what's going to happen next minute and your funds would liquidated anytime.
If you think it's shortcut of become rich then you are wrong. Some traders would become rich, but minority won't be example. For spot trading your funds won't liquidate, once market recover after the dump you can even make profits.
I think it's trap, you may lose there everything, better hold or do spot trading.
Future trading has led a lot of traders to big losses to the point of committing suicide. I will advise traders not to go into future trading because it's gambling from the highest order and has a big risk attached to it because the odd of losing it all is his higher. Don't gamble with the volatile nature of bitcoin because you feel you know it all. Day trading is good but you should use low leverage to when trading.
Futures trading is a big risk, just like the first comment has said, it is liken to gambling, the difference between both activities is just a small thing.
For a fact, before futures trading can make a person to be rich, it takes a lot of time ( more than a year or two) and it takes a lot of effort to grow and teach yourself how to be patient in the market and not chase clouds all in the name of making a quick success. So, it's possible it can make someone rich but ironically it can also make someone to lose everything very fast.
There's no form or type of trading without losses, so you can make profit and you can also lose your money. Losses are inevitable but if you are good, you can winning gradually.
It is a big risk, so the the opportunity is there. But as for the trader's success, it will rely on his trading skills.
And the majority is advised to avoid trading in the futures because it's not for all.
If you don't know how to leverage trading, expect that you'll lose everything.
It can be two-edged sword.
This is the mistake of many influencers telling their fans to do futures but it's not that easy as how it goes.
All forms of trading is risky just like gambling and some people also say life itself is full of risk. It is difficult to make alot of profit from futures trading unlike people think about it but you can delay the losses if you take lower risk and apply stop loss. If you are using stop loss, that will help you to cut your losses instead of losing all your funds at the same time. So the point therefore is not to use high leverage and reduce your risk, be patient and take orders gradually. Also, you don't over trade.
shard_minerSenior Member
Posts: 359 · Reputation: 1322
#8Aug 19, 2017, 04:45 PM
Only professional traders should be able to access and take the risk of trading futures because without the knowledge of risk management and control one would be exposed to the plot of greed and impatience that can soon turn a seemingly profitable endeavor to zero in a blink of an eye.
Trading futures could be the deal breaker that can make someone so wealthy overnight like winning the jackpot in gambling, but th knowledge and applications of TA, using models like the Kelly Criterion may be more luck bringer as compared to not using and strategies but relying purely on chance and market sentiment.
If you know what you are doing; meaning you have good background knowledge and experience about future trading couple with experience in risk management, you will make good profit and you will be successful.
If you dont have deep knowledge about future trading, then going into it is the same as gambling because you chance of making it though futures is very slim regardless of where and how you get signals to trade.
Furthermore, there is a huge similarity between future trading and gambling because both of them involve taking high risk and prediction, and once they both go to the opposite direction, you are losing your money; so lets be careful and have good plan and experience before we join future trading.
It is a big risk where only few who have taken it have been successful. I refuse to believe that there are no future traders who are successful in it, I think that the successful futures traders are silently making theur money without making noise.
It can make you loose everything, and only few people think to this side, plenty people who want to trade future are only considering the money they will make from the skill. So when this people loose, they become dissapointed, and loose interest quickly.
gigafalconMember
Posts: 15 · Reputation: 196
#11Aug 20, 2017, 08:52 AM
It will depend on how well we manage our risk and emotions. Because the majority of losses in futures trading stem from greed and an inability to manage risk and emotions. We know that those with good risk management will always keep leverage within manageable limits and far enough away from the liquidation threshold. But for those who are greedy and want to make big profits quickly without considering the risks, they usually keep increasing leverage on every position they open. As a result, their positions are easily liquidated, and they end up losing more.
So I think it all comes down to ourselves. But hoping to get rich from futures trading. I dont think that will be easy. Because only a small percentage of traders seem to succeed in the futures market.
mark_whaleSenior Member
Posts: 238 · Reputation: 968
#12Aug 20, 2017, 04:18 PM
The odds of you blowing off your account are way higher if you try to use much higher leverage.
Depends on how you manage risk, but a big percentage of traders blow their accounts. We are talking about something like over 90%
Those who know how markets work and how to manage risk do actually make profits but if you get in with a mindset of making 700% overnight, then you may lose everything.
Future trading is a means of profiting as part of the investment strategies but with high risks for short term traders.
So definitely where there's success is also risk attached especially when you want quick riches like the day to days or predicting a particular time of when to sell.
Long term trading saves you risks but challenges your psychological behaviors.
Everly the market is unpredictable with greeds and lack of good trading knowledges before trading while the potentiality of making quick profits within the short terms is the trap point for traders.
shard_gweiFull Member
Posts: 61 · Reputation: 300
#14Aug 21, 2017, 12:26 AM
Futures trading is very risky which is like gambling. Futures trading platforms can take money from people very quickly so I would say that futures trading platforms are not an opportunity for success but a big risk. Since futures trading platforms are very risky and like gambling where you have to rely on luck, the chances of getting rich are very low and the chances of losing everything are highest. Futures market is definitely a loss trap.
The odds in gambling are like 9:1. It feels like they take your money 9 times and give it back only once. Most people get greedy and end up losing the most. No gambling institution comes to give you profitthey take their earnings, and 90% of the profit goes to them. Futures trading is exactly like gambling. Here, however, it depends on your own choice and interest how much leverage you use in trading. The greedier you are, the more losses you will face. To make profits gradually, spot trading is the best.
What do you think? Can someone become rich by doing spot trading?
Yes, it will depend solely on how much leverage the trader uses. If they trade with 10× leverage, they might incur losses, but if they trade with 50× leverage, they could lose everything. No matter the amount, taking higher leverage puts all their money at risk.
If we look at it, there was future trading 17 years ago and whoever bought Bitcoin became rich at the current price. In addition, in which coin will we hold our future, if we can understand these things, we can make a good decision on it. As far as I think and what I know about the market aspects, we can get quite rich because if we look at good coins and their increasing prices, we can keep our coins in future for the next many years. But this will not be for everyone because some people will be impatient and some will need money and some will not trade for fear that their money will be gone. In my opinion, we can hold Bitcoin for a long time and we can do quite big future trading on it. In addition, we have quite good coins that can give us quite good profits in the future.
omega_2013Full Member
Posts: 54 · Reputation: 355
#17Aug 22, 2017, 06:26 AM
Some trader may disagree with me, but my view is that future trading is essentially gambling in disguise, nothing more. And as for gambling, I only see it as a place to spend money, not a place to make money. Therefore, if forced to choose, I would rather choose pure gambling for entertainment than trading future, as it only causes me to lose money and add stress.
In futures trading, there is only risk and risk, the concept of high risk and high reward does not exist. The chance of winning are almost zero. So, do not waste your time on it.
While the cryptocurrency market is inherently risky, trying to futures trading in this market is literally like defying death. Im not just saying its risky, because its more than that. Its like a black hole that can suck you in and wipe out everything you have in an instant.
I dont even think you understand the question that OP is basically asking, OP isnt saying anything about buying coin and holding for the future or something like that, OP is basically on about prediction market where you speculate the market price of certain coins to whether it will increase (buy) or it will decrease (sell) in price.
Its usually also called derivative trading too, the reason why you see almost everyone against it is that its actually risky due to the leverage that is attached to it. I think you need to look into trading before you reply posts like this.
Futures trading is the highest risk you should never do, and can take all your money away in an instant. I have lost a lot of money in futures trading, and I blame myself for being greedy, I only entered for a small amount of income and lost $700 plus. But this futures trading is ready to destroy you in just a few minutes.
Your chances of making a profit in futures trading are absolutely zero, after a while you will see that your portfolio has decreased a lot after adding leverage. And you will get more worried and if you add leverage again you will be at more risk. This is how futures trading will make you poor.
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