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. naive me went for a high leverage instead of just 2x. screw all these useless events events exchanges do, they should genuinely have an event for foolish traders that lose their money. Even if they don't give me my money back they should give me half lmaoooo, I promise I won't do futures anymore.
Have you guys ever felt like quitting futures or just trading in general?
Futures trading is very risky business it behaves like gambling. Because now you can leverage up to 20-125x your own money depending on different coins. There is a lure among those who go into futures trading now that trading with high leverage can lead to high profits quickly, as in gambling. Gamblers dream of getting rich very quickly. Therefore those who do not have the ability to accept that risk should not do futures trading. Futures trading requires you to have the ability to lose all your funds.
Trading is not something you can simply join and expect to earn from, it requires a lot of expertise and knowledge before you can profit from it most people consider trading to be gambling, while some believe it is not. However, gambling is something you can invest money into and expect a significant return in a matter of minutes or hours because if you wager and lose, you cannot get it back unless you stake again and get profit.
And future trading, I will say, is something that you need to gain enough experience in before you can start winning, and I don't think it's gambling because if you understand the analysis, you won't be losing like that, but gambling is a lucky game, so just because you understand it doesn't mean you will win. Trading is predictable, and with information, you may be profitable. However, before you fully understand it, you must be patient. It is not a one-day tutorial in which you will learn and believe you have understood everything, which is why some people are more interested in long-term investments and risk losing money in trading at any moment.