Is trading gambling? - Traders Hideout | futures io social day trading
futures io futures trading

Is trading gambling?
Updated: Views / Replies:28,719 / 88
Created: by Big Mike Attachments:1

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

View Poll Results: Is Trading Gambling?
Yes 37 33.94%
No 72 66.06%
Voters: 109. You may not vote on this poll

Thread Tools Search this Thread

Is trading gambling?

  #11 (permalink)
Elite Member
Futures Experience: Advanced
Platform: none
Favorite Futures: Stocks
Ryanb's Avatar
Posts: 196 since Sep 2010
Thanks: 117 given, 357 received

Consistently profitable traders are Speculators
inconsistent non-profitable traders are gamblers

in the end we don't know what the markets going to do, we only assume the next move and trade by that "idea" or statistical outcome.

Athletes are paid by sponsors, so indirect paid by the audience.
Traders are paid by "the audience" a.k.a. new traders who want to take a shot.

Reply With Quote
  #12 (permalink)
Elite Member
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: TF
ThatManFromTexas's Avatar
Posts: 2,302 since Feb 2010
Thanks: 1,208 given, 4,308 received

From the Hair Splitting School of Thought..

Some have argued before Congress that while Poker and Dice may both be gambling as defined by the US Government, Poker is a game of skill whereas Rolling Dice is a game of chance, and therefore online poker should not be treated the same as other forms of gambling.

If that be true then one could make the argument that trading is based on skill not chance. Whereby you don't have lucky and unlucky traders, you have traders of different skill levels.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
Reply With Quote
The following user says Thank You to ThatManFromTexas for this post:
  #13 (permalink)
Elite Member
Lagos, Nigeria
Futures Experience: Intermediate
Platform: NinjaTrader, SierraChart
Favorite Futures: Euro Currency & Oil
lolu's Avatar
Posts: 2,444 since Jun 2009
Thanks: 1,000 given, 1,598 received

Apple, Microsoft, IBM, GM, AIG, Citibank all trade. Trading is trading. Gambling is gambling.


Reply With Quote
  #14 (permalink)
Elite Member
Honolulu, Hawaii
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
bluemele's Avatar
Posts: 2,547 since Jun 2010
Thanks: 3,806 given, 2,828 received

MetalTrade View Post
IMHO the question should be :

Are people who are successfully trading for a living the same as people who are successfully gambling for a living ?

...There are many similarities IMHO.

Or, why do people look down upon gambling? Religion etc..?

What is the difference between a call girl and a hooker? (Sounds like a good joke line)

Reply With Quote
The following user says Thank You to bluemele for this post:
  #15 (permalink)
Market Wizard
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
trendisyourfriend's Avatar
Posts: 3,726 since Oct 2009
Thanks: 3,085 given, 4,577 received

To me, gambling can only take place if opportunities always show a negative expectancy. That's not the case in the markets. However, you can look at trading as gambling until you start making a steady income from it. Then its a respectable job i suppose.

Reply With Quote
  #16 (permalink)
Elite Member
Berlin, Europe
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
Fat Tails's Avatar
Posts: 9,693 since Mar 2010
Thanks: 4,228 given, 25,790 received
Forum Reputation: Legendary

Go and Gamble

Cited from Encyclopaedia Britannica:

The betting or staking of something of value, with consciousness of risk and hope of gain, on the outcome of a game, a contest, or an uncertain event whose result may be determined by chance or accident or have an unexpected result by reason of the bettor’s miscalculation.

Judged against this definition, trading is a form of an educated gamble. The language of the trader is not very much different from the language of a gambler. The Kelly criterion for optimizing the betting size applies to both traditional gambles and trades. I am afraid that the answer to the question by @Big Mike is simply Yes.

Is every investor a gambler? And if no, where exactly is the borderline between investors and gamblers?

In my opinion investing is gambling as well, as it matches the definition above.

What about life? Is life a game? Does the definition well describe your life? Well, it does! Homer, Shakespeare and the creationists may believe that our lives are determined by destiny, and whatever you do is not gambling but following the path that has been reserved for you. I am a bit skeptical, as I think that evolution uses the gamble to explore opportunities.

Go and gamble.

Reply With Quote
The following 2 users say Thank You to Fat Tails for this post:
  #17 (permalink)
Big game hunter
Futures Experience: Advanced
Platform: Esignal, MBT navigator
Favorite Futures: Currencies
Posts: 2,526 since Jun 2009
Thanks: 1,397 given, 2,573 received

Gambling takes on many forms everywhere in life but sometimes we dont consider the risk or consequences . When someone buys a lottery ticket or only slows down at a stop light or leaves their car running while they run into the store they are gambling . Are insurance companies gambling when they sell you a policy - yes . Are casinos gambling when they take the other side of your bet - yes . Both know their edge and play it out religiously and stay on top of the risks . A trader religiously and unflinchingly playing a game they know they own is a businessperson and a gambler , a good gambler .

Reply With Quote
  #18 (permalink)
Membership Revoked
Futures Experience: Beginner
Posts: 1,081 since May 2010
Thanks: 2,092 given, 596 received

bluemele View Post
What is the difference between a call girl and a hooker? (Sounds like a good joke line)

Price !

Reply With Quote
  #19 (permalink)
Membership Permanently Revoked
Futures Experience: Intermediate
Posts: 1,176 since Nov 2009
Thanks: 221 given, 847 received

Fat Tails View Post
trading is a form of an educated gamble. .

I have to say I Agree 100%... trading is no different than gambling, and the education or skills part is what determines how successful one will be at the game, depending on what one plays.. and just like with real gambling (chance or skill games), trading can be addictive.. but just like with gambling(specially on the skill based games) you can make a business out of it..

Reply With Quote
The following user says Thank You to sysot1t for this post:
  #20 (permalink)
Membership Permanently Revoked
Futures Experience: Intermediate
Posts: 1,176 since Nov 2009
Thanks: 221 given, 847 received

lolu View Post
Apple, Microsoft, IBM, GM, AIG, Citibank all trade. Trading is trading. Gambling is gambling.


I dont know about APPL/MSFT/IBM/GM... to me they are hedgers for currency or basic materials they need in their business, not really traders though they will profit by hedging the right way... but the major banks with their own prop desks and funds... they all trade, they all hedge and they are the most sophisticated gamblers there are in the world... but they treat it as a business, and have resources, and talent with discipline which is what makes them different from the retail investor ...

Reply With Quote


futures io > > > Is trading gambling?

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

July Journal Challenge - $500 in Amazon Gift Cards!


AXESS Trader: Powerful Cloud Based Trading Platform w/GFF Brokers

Jul 17

TBA: FuturesTrader71 w/Morad Askar

Elite only

Similar Threads
Thread Thread Starter Forum Replies Last Post
Save The Gambling Bankers zt379 News and Current Events 5 August 23rd, 2011 08:59 AM
Starved Budgets Inspire New Look at Internet Gambling Quick Summary News and Current Events 0 August 14th, 2011 09:30 AM

All times are GMT -4. The time now is 06:29 PM. (this page content is cached, log in for real-time version)

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432,
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-07-15 in 0.15 seconds with 16 queries on phoenix