Differences between the Forex trader and the Forex gambler

Are you a Forex trader or a Forex gambler?
You can be your best friend or your own worst enemy.
This statement is especially true when it comes to Forex trading.
There are always those who take blind chances and solely rely on luck versus the others who make educated and calculated responses to the market.
And there is always the market to punish or reward them accordingly.


The gambling trader has no plan or strategy.
Even if they do, they will not follow it.
They have not thoroughly practiced and backtested their strategy on a demo account before going into live trading.(https://justforex.com/education/practice-account-opening).

While the successful trader has built his own trading strategy and mastered it. They always trade their plan.

The gambling trader treats trading like an international gamble and always have unrealistic profit targets.

While the successful trader treats trading like a business.

The gambling trader sometimes jumps into the market because of some emotional rush.
They often don't know what they are doing and why they are in the market.
They sometimes make few winning trades but gives it back to the market and waste all their money chasing the market in circles.
And they have no control of their emotions.

While the successful trader trades because he has seen a reason to, he has studied the market and seen an edge.
They have mastered their trading psychology and know what they are doing.

So are you a gambling trader or you are a profitable trader?

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