Are you Trading or Gambling ?

Some people said trading is a little bit like gambling, hmm what do you think? 

For me, it is very likely that one is actually gambling around if they don't have a clear 'goal' while making their trade. In trading world, many people will likely lost focus when making a trade, especially when they letting their trade position up and down for a longer time periods, as this often cause them to poorly execute either to exit their opened trade with some gains? or waiting a little longer for more gains? or cut a losing trade? or waiting the losing position to reverse? If someone is often at such situation, i believe, they are partly loss control in trading already, because such situation mostly lead to disaster at the end where money management (capital protection) is totally forgotten.

So, those who like to trade forex etc, please always remember to avoid this kind of uncertainty. Must make sure you setting your plan clearly and can execute with high discipline. Always have your cut loss point set, certain of how much you may loss, what is your profit ahead with a given specific time period. By this, you will be able to learn a good skill to at least survive in trading before making a success later on. 

Don't look down on this very simple 'plan your trade, trade your plan' act. If you can master such discipline trading characteristic, you are quite Pro already. Do equip yourself with more relevant trading knowledge and charting skills, familiar with technical analysis etc. Success will come to you for sure.

All in all, trading is a high risk activities,  please at least have a clear mindset of  how much you can lose 'risk tolerance' before you decide how much to gain from trading. Be discipline , don't simply fight with the trend or market, as Opportunity always available, you just need to be patient, so that you are always well prepare to grab the Chances at the Right timing,  trade quality not quantity . Little by little , one travels far !

If you think trading is not your cup of tea, then Blogging, with assist of affiliate programs, you still can get a good passive income.