Quote from: Issa56 on July 18, 2024, 09:35:50 PM

Quote from: DegenLite on July 15, 2024, 07:24:02 PM

I just came here to post on here after just losing money on a futures trade lmao, futures can be hard when you don't really know what you are doing.

I don encourage people to stay away from future trading. If you don’t really understand what it’s all about and how it works, it’s very easy to lose money in future trading. I had some bitter experience with future trading when I started trading, and I lost some money. The funniest part is that I was already getting addicted to future trading. I was losing in future trading, but I was finding it difficult to stop trading. Any money I have, I deposit and trade with it. After trading, I will lose everything again. I got to a level at which I had to force myself to stop trading, and since then, I don’t go close to future trading.

I'm not addicted like you, but I've had bad experiences trading futures in the past. As for me, I will frankly advise everyone to stay away from futures trading if they do not want to lose everything when participating in this market. To be honest, I have not seen anyone who can make a profit from futures trading. I mean many people have made a lot of profits but over time they will also lose money and even lose everything they have if they cannot stop trading. Today we can win 100% or 500% but tomorrow we can lose everything we have with futures trading.

Many people will object but I agree with the OP that futures trading is no different from gambling, we are just playing a game of chance rather than investing when we engage in them.