Maybe future trade is gambling

[AishwaryaDas]

I think futures trading is a form of gambling. I saw the last six months report of a younger brother who is very close to me. He knows about crypto from my younger brother. He was taught the holding trade. Meaning, he was given an idea of how to trade on the spot. But he can learn about how to trade futures with the help of YouTube. And without informing my younger brother, he slowly started trading futures. After six months, the condition of his family became very bad. He was born in a middle class family. Later, the area was talking about his loss. I found out from his family that he lost around 14 thousand dollars trading crypto. I told him the last time I saw him to buy bitcoins with all his wealth. But he didn't hear anything. Later he sold his grandfather's land and paid off all his loans. Later I came to know from him that he knows about futures trade from YouTube and lost all his dollars by trading without understanding the value of x.

Now my question is futures trade is actually gambling? Or how did he lose all his dollars?

[nazor]

I don't think so, because futures trading is not like gambling, it's different from gambling, it's like buying and then selling again, not too long after buying it, and futures trading is the same as when we save diamonds, then we plant them until the future price rises so that we get a good profit. more than we bought... is my opinion correct, friends? I think so from my own thoughts but I don't know what my friends on this forum think.

[CryptoboyRamesh]

since you wager when you predict which team is going to win in a sports match, you therefore are betting for a team to win which means gambling. the fine line between futures trading i guess will make people conclude it is also gambling since the trader is also predicting where the market will go within a time.

so maybe it's just gambling as well. the binary trading seems to be classified as gambling, it's even on casinos like rollbit. the difference is that in trading you have a tool for predicting the market while in a sports match, you just analyze based on the skills and previous games.

[indianCrypto]

Future trading will be gambling if you are trading blindly and just relying on chances. Trading is trading because we have things that we can do to improve our winning chance which is technical analysis and fundamental analysis. Longing or shorting without any idea is just pure gambling.

Futures trading is just risky as it's own and there are people who don't really realize it. Spot could be boring for some people but I believe it is the best way to do trades as you won't get liquidated on spot.