Post
Topic
Board Trading Discussion
Re: Futures trading almost feels like gambling sometimes
by
bitgolden
on 25/07/2024, 18:08:03 UTC
Futures trading and going into high leverage is like suicidal if you're not an experienced one. You will only end up screwing all your funds and see them vanish like thin air. That's probably the reason why everyone should not rush into futures trading as it can turn into a nightmare if you're not aware how to make it work and succeed.

However, futures trading turns into gambling if you are just trading relying on luck and chances, but if you're really a good and well-experienced trader, futures trading will certainly lead you to more profit opportunities which I think is good for those highly capable ones.
Unfortunately too many newbies do it, because they think that they can change their life overnight, whereas most of them just loses their money. They think that because a few influencers shared some screenshots of huge wins, it's possible to do that if they are only lucky and they try their best to make that money, you can put up 1k and make 10k+ easily, only if it goes up and you have high leverage, that's just how it works in their mind and to be fair "technically" speaking it is possible, mathematically the chance is there.

But, when you look at how many people lose money versus how many make money, you will see that majority loses money. By logic let me say it like this, if you wager like that and want to earn 10%, you could lose ALL your money with a 1% drop as well, and 10+ people lose money before one of them makes money. That means there are more losers than there are winners and that means this is a stupid move.

Not saying don't do futures, if you study enough, and be great at spot trading eventually enough, after a while you may, but that takes years to be great at spot, and only then you can do it. Not newbies, newbies playing with futures is even worse than gambling if you ask me.