Tuesday Dec. 17 - Bitcoin is retracing rapidly from around the $6,950 price mark to below $6,600 in the past few hours.
BTC is showing a loss of nearly 5% for the day.
However, the contract trading users can get more profits if they judge the right direction?What do you think about contract trading,is it the best way to speculation???
They also lose more if their prediction is wrong. Price of Bitcoin is already volatile enough. You dont need to add even more risk by margin trading. It is more like gambling then trading.
For some, they really can't separate the line between gambling and trading here. They thought that you need to take everything at risk in order to win. However, that is not the case, trading takes lot of practices and you don't need to over complicate things like contract trading. It is unpredictable, and hard to judge which direction it would take even if we use TA.