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Difference between gamblers and traders

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Difference between gamblers and traders in General Forex Discussion_xx
Trading with a gambler-like way of thinking in the long run is usually a loss, while the way to think 'trading is business' is more durable and not a few can produce profits consistently.

Characteristics of a gambler
Gambling is like opium, and a true gambler has a dependency to always gambling. They do the same thing over and over again just to gain satisfaction and a high sense of euphoria, both win and lose. Gamblers consider gambling not their profession, but only hobbies.

Characteristics of a trader
Traders always regard the forex market as a business land. Trading activities are conducting business transactions, buying and selling. Every business is always at risk because it requires a money management and a clear business plan.


What do you think about this? What is the difference between gamblers and traders

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#1 - March 18, 2019, 12:45:33 PM

  • Difference between gamblers and traders in General Forex Discussion_index
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Difference between gamblers and traders in General Forex Discussion_xx
Trading with a gambler-like way of thinking in the long run is usually a loss, while the way to think 'trading is business' is more durable and not a few can produce profits consistently.

Characteristics of a gambler
Gambling is like opium, and a true gambler has a dependency to always gambling. They do the same thing over and over again just to gain satisfaction and a high sense of euphoria, both win and lose. Gamblers consider gambling not their profession, but only hobbies.

Characteristics of a trader
Traders always regard the forex market as a business land. Trading activities are conducting business transactions, buying and selling. Every business is always at risk because it requires a money management and a clear business plan.


What do you think about this? What is the difference between gamblers and traders
the difference between traders and gamblers can be seen from how many lots are used to trade, whether the lot is in accordance with capital, if you use large lots but have little capital, then it is gamblers, not traders, because traders will use Money management in each trade which is conducted.
#2 - March 18, 2019, 01:46:03 PM

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Difference between gamblers and traders in General Forex Discussion_xx
Trading with a gambler-like way of thinking in the long run is usually a loss, while the way to think 'trading is business' is more durable and not a few can produce profits consistently.

Characteristics of a gambler
Gambling is like opium, and a true gambler has a dependency to always gambling. They do the same thing over and over again just to gain satisfaction and a high sense of euphoria, both win and lose. Gamblers consider gambling not their profession, but only hobbies.

Characteristics of a trader
Traders always regard the forex market as a business land. Trading activities are conducting business transactions, buying and selling. Every business is always at risk because it requires a money management and a clear business plan.


What do you think about this? What is the difference between gamblers and traders
a gambler can never be successful
#3 - March 18, 2019, 09:56:48 PM

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Difference between gamblers and traders in General Forex Discussion_xx
Trading with a gambler-like way of thinking in the long run is usually a loss, while the way to think 'trading is business' is more durable and not a few can produce profits consistently.

Characteristics of a gambler
Gambling is like opium, and a true gambler has a dependency to always gambling. They do the same thing over and over again just to gain satisfaction and a high sense of euphoria, both win and lose. Gamblers consider gambling not their profession, but only hobbies.

Characteristics of a trader
Traders always regard the forex market as a business land. Trading activities are conducting business transactions, buying and selling. Every business is always at risk because it requires a money management and a clear business plan.


What do you think about this? What is the difference between gamblers and traders
I agree, it is true that gamblers and traders have quite clear limits when compared. In my opinion, from the final results, it is clear that gambling is not possible to produce consistent profit in the long run unlike forex, although forex says a lot of gambling, but many have proven successful in forex and have long-term income from forex trading.
#4 - March 19, 2019, 11:48:32 AM

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Difference between gamblers and traders in General Forex Discussion_xx
Trading with a gambler-like way of thinking in the long run is usually a loss, while the way to think 'trading is business' is more durable and not a few can produce profits consistently.

Characteristics of a gambler
Gambling is like opium, and a true gambler has a dependency to always gambling. They do the same thing over and over again just to gain satisfaction and a high sense of euphoria, both win and lose. Gamblers consider gambling not their profession, but only hobbies.

Characteristics of a trader
Traders always regard the forex market as a business land. Trading activities are conducting business transactions, buying and selling. Every business is always at risk because it requires a money management and a clear business plan.


What do you think about this? What is the difference between gamblers and traders
new people who just know about forex i could say a gambler, they dont know how to trade, how to minimalize risk and dont know how to read the technical analytic and fundamental, but i guess in forex sometime you need to gamble because we dont know where the market will be going or neither read the future, all we can do is predict their movement ahaha
#5 - March 20, 2019, 05:49:23 AM

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Difference between gamblers and traders in General Forex Discussion_xx
It can be ascertained that trading is not gambling, so don't expect successful gambling-minded people, because gambling is synonymous with guessing. If we analyze big movements only based on guesswork, it is our fault. Although it's possible that our guess is correct, but how long do we guess we are right? So leave mental gambling in Forex Trading
#6 - March 20, 2019, 01:34:19 PM

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Difference between gamblers and traders in General Forex Discussion_xx
a trading gambler without analysis. but traders trade with analysis
#7 - March 21, 2019, 04:49:35 AM

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Difference between gamblers and traders in General Forex Discussion_xx
In spite of the fact that the uncertainty of outcome connects the two, investment and trading are unlike gambling, the critical difference being that gambling creates risk while investment and trading redistribute the risk intrinsic to markets. Further, gambling is a negative expectancy game whereas the investor or trader is almost always involved with positive expectancy. In practice, this distinction and the statistical advantage in investment and trading can quickly disappear. This will be so where there is not the knowledge that one is trading on a curved surface. And also, where one is without at least an approximate understanding of the contour of that surface and one’s point or path upon it. It is knowledge of the curve that enables a decision as to criterion and how best to achieve it. Therefore, technically speaking, it is knowledge of the curve that separates a trader from a gambler in trading. It is my view (after 13 years of trading) that no more than 2 -3 percent of retail traders understand the curved surface or indeed the fractal environment (i.e. fractured price curves) they trade. Not being a gambler in trading is not a matter of following a simple set of rules (heuristics)  - it is about knowledge. Knowledge of the mathematized environment in which they operate. This is clear and obvious from the success ratio of retail traders widely reported. A word is enough for the wise.
#8 - April 11, 2019, 07:20:05 AM

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Difference between gamblers and traders in General Forex Discussion_xx
In spite of the fact that the uncertainty of outcome connects the two, investment and trading are unlike gambling, the critical difference being that gambling creates risk while investment and trading redistribute the risk intrinsic to markets. Further, gambling is a negative expectancy game whereas the investor or trader is almost always involved with positive expectancy. In practice, this distinction and the statistical advantage in investment and trading can quickly disappear. This will be so where there is not the knowledge that one is trading on a curved surface. And also, where one is without at least an approximate understanding of the contour of that surface and one’s point or path upon it. It is knowledge of the curve that enables a decision as to criterion and how best to achieve it. Therefore, technically speaking, it is knowledge of the curve that separates a trader from a gambler in trading. It is my view (after 13 years of trading) that no more than 2 -3 percent of retail traders understand the curved surface or indeed the fractal environment (i.e. fractured price curves) they trade. Not being a gambler in trading is not a matter of following a simple set of rules (heuristics)  - it is about knowledge. Knowledge of the mathematized environment in which they operate. This is clear and obvious from the success ratio of retail traders widely reported. A word is enough for the wise.
great explanation about trading and gambling, it will be very helpful for friends here to understand the difference. essentially the trade uses mathematical calculations and strategies in the movement of a market, to get profit.
#9 - April 11, 2019, 08:08:27 AM

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Difference between gamblers and traders in General Forex Discussion_xx
Gambler trade without analisis and trader trade with analisis
#10 - April 11, 2019, 12:50:45 PM

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Difference between gamblers and traders in General Forex Discussion_xx
Trading with a gambler-like way of thinking in the long run is usually a loss, while the way to think 'trading is business' is more durable and not a few can produce profits consistently.

Characteristics of a gambler
Gambling is like opium, and a true gambler has a dependency to always gambling. They do the same thing over and over again just to gain satisfaction and a high sense of euphoria, both win and lose. Gamblers consider gambling not their profession, but only hobbies.

Characteristics of a trader
Traders always regard the forex market as a business land. Trading activities are conducting business transactions, buying and selling. Every business is always at risk because it requires a money management and a clear business plan.


What do you think about this? What is the difference between gamblers and traders
when emotions are very chaotic I often gamble on my trading using large lots that tend to make it going to be a loss, if tired it is better to rest
#11 - April 18, 2019, 09:18:29 PM

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Difference between gamblers and traders in General Forex Discussion_xx
In spite of the fact that the uncertainty of outcome connects the two, investment and trading are unlike gambling, the critical difference being that gambling creates risk while investment and trading redistribute the risk intrinsic to markets. Further, gambling is a negative expectancy game whereas the investor or trader is almost always involved with positive expectancy. In practice, this distinction and the statistical advantage in investment and trading can quickly disappear. This will be so where there is not the knowledge that one is trading on a curved surface. And also, where one is without at least an approximate understanding of the contour of that surface and one’s point or path upon it. It is knowledge of the curve that enables a decision as to criterion and how best to achieve it. Therefore, technically speaking, it is knowledge of the curve that separates a trader from a gambler in trading. It is my view (after 13 years of trading) that no more than 2 -3 percent of retail traders understand the curved surface or indeed the fractal environment (i.e. fractured price curves) they trade. Not being a gambler in trading is not a matter of following a simple set of rules (heuristics)  - it is about knowledge. Knowledge of the mathematized environment in which they operate. This is clear and obvious from the success ratio of retail traders widely reported. A word is enough for the wise.
many traders are not aware that he is gambling, just like entering the market without analysis and based on filling. Especially if he enters the market with a large lot without using good money management, I think at that time he is gambling.
#12 - April 19, 2019, 02:07:31 AM

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Difference between gamblers and traders in General Forex Discussion_xx
many traders are not aware that he is gambling, just like entering the market without analysis and based on filling. Especially if he enters the market with a large lot without using good money management, I think at that time he is gambling.
forex trading can be said to be gambling or not it depends on the trading system used. if without using analysis, MM, strategy, emotional control etc. it could be said to be gambling, because it only relies on luck.
#13 - April 19, 2019, 09:14:12 AM

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Difference between gamblers and traders in General Forex Discussion_xx
when we trade without money management, that's when we are becoming a gambler
#14 - April 25, 2019, 01:37:33 PM

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Difference between gamblers and traders in General Forex Discussion_xx
when we trade without money management, that's when we are becoming a gambler
and when there is a news, some people gambling in news like is it positif or negatif, and sometimes i gambler too when there is a high news impact lol
#15 - April 25, 2019, 03:37:25 PM

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