Trading Vs Gambling ~ forex news breakout trading
Trading Vs Gambling
Many people always ask this question " I seems to be gambling a lot on the forex rather than trading!!"
You are not alone if you also have this question in your mind.
What differentiates a Trader and a Gambler? Simple. Trader is to balance his/her benefits/costs/risks before making a trading decision whereas Gambler is simply taking chances based on some emotional or obscure knowledge.
From the past experience i have in the trading grounds, we as professional traders need to know what is called certainty and risk. If the risk factors all aggregated to be too much, we will NEVER place a trade because we know that we cant take this risk for our clients and companies.
The most important take-away here is : Are you simply gambling away your money in forex ? Or are you taking a systematic assurance way such as 5PipsStrategy Approach ?
Do think about it.
Many people always ask this question " I seems to be gambling a lot on the forex rather than trading!!"
You are not alone if you also have this question in your mind.
What differentiates a Trader and a Gambler? Simple. Trader is to balance his/her benefits/costs/risks before making a trading decision whereas Gambler is simply taking chances based on some emotional or obscure knowledge.
From the past experience i have in the trading grounds, we as professional traders need to know what is called certainty and risk. If the risk factors all aggregated to be too much, we will NEVER place a trade because we know that we cant take this risk for our clients and companies.
The most important take-away here is : Are you simply gambling away your money in forex ? Or are you taking a systematic assurance way such as 5PipsStrategy Approach ?
Do think about it.
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