Do you agree that futures trading is a very dangerous gambling game ?
Wednesday, February 3rd, 2010 at
10:57 am
Edit - My view is future trading can be addictive. And you have many full proof therories available like hedging which eventually fail. You cannnot take long term stand like purchasing shares. You tend to morgage your assets to manage for margin money while playing in futures and liekly to get in further crisis. So future trading is gambling in many ways.
Filed under: Natural Gas Futures
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Futures trading, like all other product trading requires knowledge and expertise in not only the products but also in the markets and the general economy driving those markets.
There are many who have made very good livings from trading, believe it’s not gambling, it’s not dangerous as long as you have the knowledge and the wisdom to know that before you enter a trade you know what you are doing, how to do it and why you are doing it.
Trading, in any market is not for the amateur.
To Muncie Birder - The Hunts knew how to trade and did well with it for years, then they traded on ego & emotions and thus loss big time - I know my firm was on the other side of their transaction, so what they loss we made