Is Forex Trading Gambling | Ep. 001

Is Forex Trading Gambling The Forex Warrior
Listen to this episode

Dr. Jason Gospodarek has been actively trading in the forex market mentoring traders, creating forex courses, promoting websites and working with brokers. What he gets asked a lot is, isn’t forex trading the same as gambling? Today Jason will explain the differences of Is Forex Trading Gambling.

“The first thing you've got to do is turn down all of the noise and listen to yourself.” - Dr. Jason on deciding if it’s a gamble or legitimate business to learn

Don’t Believe Everything You Hear

There are too many scams, faked reports, whether on a website or in the statements you get from your broker, claims that are out of the world, the good and the bad, the rumors, and jumping on the bandwagon.

Whatever you hear, distill it down until you feel it is what you feel your own opinion should be of the market and then decide if this is a gamble or a trading business that I can learn and be more successful with into the future.

“Stick to your plan. You should always have a target.” - Dr. Jason Gospodarek

Chances are if you’re listening to this podcast, there is a really good chance you are already a trader, you want to be one or you already are one that wants to be better. The first thing you’ve got to do is turn down all of the noise and listen to yourself.

If you’re really not committed to trading and what you want to do is flip the coin and hope to get lucky, anyone can do that. Lucky is good. But you cannot be lucky all of the time.

Control Your Greed

You have to learn how to control your greed in the market and not take on too much risk. You don’t want to be all-in on one trade, one news event or even one week or one month.

“If you learn to use the right trading system you can also learn to get an edge in the marketplace.” - Dr. Jason Gospodarek

Think about the casinos, the true gambling halls. The casino owners don’t care if someone hits the $10,000 jackpot today because they are making that small percentage, that small house edge anywhere from 5%- 12% on all of the games all of the time, day after day, minute after minute. They know they have a dependable, consistent return on their money.

Is Forex Trading Gambling

There are a lot of differences and a lot of similarities between forex trading and gambling. Download Is Forex Trading Gambling to learn all the details and you'll be able to make your own decision with help from Jason!

Connect with Dr. Jason Gospodarek:

TheForexWarrior
Facebook
Snapchat
Instagram
YouTube
Twitter

Don't forget to subscribe and leave a positive rating and review on iTunes if you enjoyed Is Forex Trading Gambling. Thank you for tuning in to The Forex Warrior podcast!

 

About the author, Jason Gospodarek

Dr. Jason Gospodarek has successfully managed several forex related websites for nearly 14 years, has been a mentor and daily live forex streamer on a leading forex educational website, and has helped to launch two forex brokerage firms. He has been involved in the money management side of the business as well as the back end and setup of metatrader liquidity pools over the years. Although he manages his own funds in the currency markets, he also helps lead new and seasoned traders down their path to trading success. While all his trading is done live currently, he has worked to create and have his own automated trading robots (EAs), as well as fully customized trade copying software, created. He is also the founder of the popular podcast "The Forex Warrior".

Leave a Comment