Is Futures Trading Gambling?
April 23rd, 2008
Do you gamble with your money? I’m not talking about slot machines or card games. No Vegas strip or Rio gambling halls either. What I’m talking about is trading futures.
The stock market and futures trading are highly volatile markets from what I’ve seen. They can be influenced by a number of things including natural disasters and government wars. The thing about futures is that you have to make a guess, albeit educated or not, about what price a particular piece of a company or type of product will fetch in the future.
Do you have a crystal ball? I sure wish I did! However, like I said, even educated guesses can be wrong at the whim of some political leader or the hand of mother nature. There are plenty of people who guess well though and make millions on trades of something they never actually even see or
touch like the price of oil for instance.