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Difference between gamblers and traders

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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
yes that's true ... as long as I know there isn't a successful gambler. but many traders are successful when they don't gamble in forex trading
#16 - April 27, 2019, 06:29:57 AM

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a gambler will always find failure in his life because the money produced is obtained in a way that is not good. but a trader will live full of success because the money obtained is obtained in the right way
#17 - May 06, 2019, 02:26:54 AM

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Gambler and trader is very different :)
#18 - May 06, 2019, 05:41:19 AM

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The clear difference between traders and gamblers is about how to trade itself whether using the right method or not.
#19 - May 07, 2019, 10:56:51 AM

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\here is the real problem with trading versus gambling anyone who understands the comments below the article (but read the article on Gold first then the comment below second) will never fail in trading but those who do not or remain confused will always be gamblers it is simple and straightforward real life example in trading analysis and decision making. https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2019/05/07/Gold-Price-Chart-Hints-at-Downside-Bias-Amid-Conflicted-Trade.html 
#20 - May 07, 2019, 01:45:47 PM
« Last Edit: May 07, 2019, 01:47:32 PM by The Magician »

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Note that Gold follows a very similar trading pattern as the Euro in following my advice above.
#21 - May 07, 2019, 02:10:07 PM

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when we trade without analysis and by just guessing the price we indirectly become gamblers
#22 - May 08, 2019, 09:48:48 PM

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a gambler will trade with greed and with large lots. but a trader will trade patiently ...
#23 - May 09, 2019, 04:18:30 AM

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In trading gamblers and traders it is difficult to distinguish unless it's consistent profit means that he really is a trader.
#24 - May 11, 2019, 04:25:38 PM

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Gamblers do not think of risk management so that forever they will never get consistent profits.
#25 - May 12, 2019, 03:29:21 AM

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in my opinion the difference between gamblers and traders is in money management. a gambler will not use money management when he trades
#26 - May 12, 2019, 05:32:06 AM

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in my opinion the difference between gamblers and traders is in money management. a gambler will not use money management when he trades
absolutely right, a gambler will risk his money in large amounts if he loses in a row, just like a trader who likes revenge and uses large lots.
#27 - May 12, 2019, 06:07:00 AM

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absolutely right, a gambler will risk his money in large amounts if he loses in a row, just like a trader who likes revenge and uses large lots.
Gamblers don't think the money will run out because the ambition is just victory.
#28 - May 12, 2019, 06:28:36 AM

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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 gambler only plays with luck, and usually only at the beginning of the start he will win but then will lose.

while trading with businesses, namely analyzing, determining trends, calculating MM etc. even though at the beginning of the loss but one day will definitely
#29 - May 12, 2019, 07:24:30 AM

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the gambler only plays with luck, and usually only at the beginning of the start he will win but then will lose.

while trading with businesses, namely analyzing, determining trends, calculating MM etc. even though at the beginning of the loss but one day will definitely
yes right, if we trade well then one day will definitely be successful, different from gambling.
#30 - May 12, 2019, 12:13:23 PM

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