Are You Gambling or Trading? Think about this.

[rmufti68]

Mostly new traders who does not know anything about trading joins the market with a thinking that they only have to press the buttons like gambling to become rich right over the market. Therefore, they usually doing trading stuff similar to gambling without knowing that it requires analysing the market and protecting their capital. Also, most important is when to enter the markets and with how much risk to be taken while trading.

 

[David79]

Mostly new traders who does not know anything about trading joins the market with a thinking that they only have to press the buttons like gambling to become rich right over the market. Therefore, they usually doing trading stuff similar to gambling without knowing that it requires analysing the market and protecting their capital. Also, most important is when to enter the markets and with how much risk to be taken while trading.

So true! Trading is all about strategy, risk management and timing. What helped you realize this?

 

[Ximan]

If you really want to make consistent money in the forex market, your methods had better be professional and extremely disciplined.No guess work

Smart trading involves executing a plan. Do you have a plan? If not, then the hard truth is you are gambling.

Gambling is nothing more than buying or selling with the hope that you are right. So in my opinion, it is very very important that you trade smart. Have a plan and execute that plan.

Every trader must learn to recognize which is which. In your trading style, are you gamling? Or Are you trading smart?

Trading smart involves having a well-defined plan, following strict rules, and analyzing the market based on strategy rather than hope. If you're simply guessing or hoping for a favorable outcome, you're gambling. Consistency in forex requires discipline, focus, and the ability to stick to a proven plan.

 

[David79]

Trading smart involves having a well-defined plan, following strict rules, and analyzing the market based on strategy rather than hope. If you're simply guessing or hoping for a favorable outcome, you're gambling. Consistency in forex requires discipline, focus, and the ability to stick to a proven plan.

Yeah, hoping for a suitable outcome is gambling but discipline and patience help stick to plan is trading. Which pair due trade?