Where do you want to see yourself in the long-run, a trader or a gambler

[vickymacklean]

Obviously, your dream would be to see yourself as a successful trader. Unfortunately, only a few traders like the Singaporean traders pursue their dreams. Why does it happen? Why do some traders fail to pursue their dreams? Actually, most naïve traders enter the market without any dreams they focus on generating money, so they end up being gamblers. To be honest, some traders purposely become gamblers and some others become gamblers unknowingly. Let us look at both the types. The traders who become gamblers on purpose are the ones who trade the market ONLY to make money. They keep on trading like gambling in casinos. They do not have rules, plans, strategies, or methods to trade rather they just trade. On the other hand, the traders who gamble the market unknowingly are the ones who become addicted to trading. They trade the market with the market knowledge and information but once they face profitable trades, they end up trading without a limit and it leads to failure. Addiction is one of the serious illness in Forex trading and it should be treated before it is too late. If a trader wants to become a successful trader in the long-run, he should be disciplined in trading. You should read the article to avoid seeing yourself as a gambler.

Trading is not related to gambling. You have to take a calculative risk and find the right trade in favor of the market trend. In order to understand the nature of the market, you must learn the three major form of market analysis. Use these three sets of skills and develop a unique but simple trading strategy. Before using the new system, always backtest its performance in the demo account.

Find whether you are gambling
The hardest part of trading is to identify whether you are a trader or a gambler. Most naïve traders struggle at this point. They don't even know whether they are trading or gambling the market.  Since you don't have to follow any rules or guidelines it is likely for you to get induced by gambling qualities. It is not like every trader's face this issue, most traders face this issue because Forex has a wide range of opportunities. They try to seize all the opportunities.  If you are a trader you should act like one starting from the selection process of the online trading platform. If a trader doesn't care about being successful he wouldn't spend much time on the selection process. Anyway, you can easily identify whether you are a gambler or a trader. There are three major factors such as you would maintain a trading journal, trading plan and you would be discipline to stick to the plan. If you do these, call yourself a trader if not, call yourself a gambler. 

Find the way a gambler trades 
There are different ways a trader and a gambler trades. If you are a trader, you would take time to analyze, anticipate and read the market. You would think twice before entering into a trade. Above all, you would worry about your trading account. On the contrary, if you are a gambler you wouldn't anticipate, analyze or read the market. You would be just trading the market intending that any time you might make a profit. Understand the Forex market, it is not a casino, it is one of the greatest financial markets.  

Find the traits of a trader and a gambler 
You cannot remain in the market without knowing the traits of a trader and gambler. To mention roughly, if you are a trader you would have the traits such as trading strategy, trading plan, trading journal, trading edge, and much more. If you are a gambler you would have the traits such as no edge in trading, no trading journal and much more! 

[Trituy]

Obviously, i want to become a trader, not a gambler. The issue with gambling is that how quickly you win money, you will lose it with the same speed. There are no short-cuts in life. You have to earn everything. Nothing will be handed to your plate.

[Noah Jackson]

Il gioco d'azzardo è incerto. Le persone che credono nel fato e vogliono usare una scorciatoia per diventare ricchi vanno solo per il gioco d'azzardo. Il Forex è un business legittimo. Con il duro lavoro un trader può fare enormi soldi. Preferirò solo il forex trading come mio lavoro e fare affari commerciali con TradesFX. Perché il broker forex è molto importante per le attività commerciali di successo. Questo broker è un broker di trading regolamentato e la loro piattaforma di trading è garantita al 100% per il finanziamento.

[Markian]

Everything in life is perspective. It depends on how you see things. Many people call forex trading gambling and they are somewhat right. In forex trading,sometimes you don't know what is going to happen. Where do you stand on this debate?