Cryptocurrency Q&A
Is future trading gambling?
Is future trading gambling?
Maria
Thu Jun 06 2024
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7 answers
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Is future trading merely gambling? Or does it possess deeper financial intricacies? On the surface, it might seem like a high-risk game of chance, where investors bet on the future price movements of assets. However, is this all there is to it? Or are there strategic considerations, market analysis, and risk management techniques that underlie successful future trading? Are the profits solely derived from luck, or can they be attributed to skill and knowledge? Is it a mere chance game, or a sophisticated financial tool with potential benefits for informed investors? I'm curious to hear your thoughts on this matter.
7 answers
SamuraiHonor
Sat Jun 08 2024
Speculation in futures trading essentially entails predicting the future price movements of an asset. This predictive behavior is akin to gambling, as it involves taking risks based on uncertain outcomes.
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lucas_clark_artist
Sat Jun 08 2024
Islamic law strictly forbids gambling, as it considers it an immoral and unethical practice. Gambling involves wagering on events with uncertain outcomes, often leading to financial losses and social harm.
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SumoStrength
Sat Jun 08 2024
Similarly, Islamic law also prohibits transactions that involve excessive uncertainty, known as Gharar. Gharar transactions are those where the terms or outcomes are not clearly defined, leading to ambiguity and potential exploitation.
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Michele
Fri Jun 07 2024
In the context of futures trading, the element of Gharar is present due to the high degree of uncertainty involved in predicting future prices. This uncertainty makes futures trading incompatible with Islamic law.
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Martino
Fri Jun 07 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services including spot trading, futures trading, and wallet storage. However, given the nature of futures trading, it is important to consider its compatibility with Islamic legal principles.
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