Dapo willis

Trading Vs. Gambling Difference: 
Mindsets 
Are you in the financial market to turn $1000 into $100,000 
overnight? or to earn a certain percentage of your deposit? If 
you have option 1 in mind, you come to the market with a 
gambler's perspective because Forex trading is a “
get-rich-
slow scheme
”. 
Successful traders have one thing in common that struggling 
traders don't, and those who are gambling in the market 
think they are actually trading.
Dedication, discipline, and focus - all these traits cannot be 
built within a shorter time frame, so it takes a lot of time, 
effort, and experience to develop these successful traits, 
making trading a “
get-rich-slow scheme
” 
It has nothing to do with your capital, even though that adds 
up to it, but with the right mindsets. 
Another difference between a profitable trader and a 
gambler is risk-to-reward. 

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The Millionaire Trader's Handbook 
Page 14 
Trading Vs. Gambling Difference: Risk 
To Reward 
Here's the deal. The casino doesn't limit your losses; it is 
only concerned with how much you are willing to stake. This 
is what makes trading superior to gambling.
It comes with how much you are willing to lose in an open 
trading position. Let me explain. Let's say your risk-to-
reward ratio is 3:10.
With a $1000 account size, you risk 3% ($30) just to make 
10% ($100) back. So let‟s do the math if you have 10 open 
positions, 6 losses and 4 wins, 10 positions in total cost 
$300.
So you risk 3% on each trade to make a 10% risk-to-reward. 
6 losses equal 
-$180 
in total and 4 wins equal a return of 
+$400
. So, if you have 6 losses and 4 wins ($400-$180= 
$220), you risked $300 out of $1000.
You had 6 losses and 4 wins, but still landed in profits of 
+$220
. Although the losses were higher than your winning 
trades, you still find yourself profitable. 
I hope I have done due diligence to justify these scenarios. 
Note:
I didn't call this a profitable trading approach; it is 
just an example to illustrate how effective risk-to reward 
plays a vital role in trading over gambling.
So now you know the odd probability of winning in the 
financial market is higher, but you also need to ensure you 
acquire the right education first (more on that later). 

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The Millionaire Trader's Handbook 
Page 15 
Unlike gambling, where the higher losses are unlikely to keep 
you in the game.