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Cryptocurrency Trading / Re: Trading is not same thing as Gambling
« Last post by Mr. Magkaisa on Today at 04:26:28 AM »If spot trading is done on the trading platform then if the market goes down from your bought position you will lose but your money will not be lost at once there will be possibility of recovery if trading with good coins. And whenever you engage in futures trading on a trading platform, your wealth will be at risk because if you buy from there, if the market goes down, then there is a possibility of liquidation, and if you liquidate, then your wealth will be lost and never recovered. In case I can compare futures trading platform with gambling platform because in gambling platform if the bet is lost then the money is lost forever.Right, in sport betting need knowledge and experienced for large winning chance because we know some teams of football club before betting on that club, however with knowledge prefer in gambling couldn't be comparison with trading.In the world of trading, when you make a wrong decision, the assets you have can still be stored properly and wait until the price goes up again, but in gambling, if you make a wrong decision, it will cause us to lose our assets forever. So you really have to be careful when you want to trade. All decisions have risks that must be understood well.
In trading still has opportunity when outside of our prediction with our assets keep existing but in gambling when prediction wrong and get loss our funs gone. I don't think good comparison depend on lucky in gambling has the same function with trading need skill, research and most important trading never loss yet our fund if trade on spot trading.
- That is why some people always say that it is good to use spot trading if you are an individual newbie entering the crypto business industry. Never try to enter the futures trade right away because if you make a mistake with the setup and the balance, you will be eaten for sure.
And there are a lot of experienced beginners who have tried that. Compared to spot trading, what you put in is the only thing that will be lost if you lose or if you win in profit, of course.