 Hey, hey, what's up people welcome to a new video just need to make sure this year's recording give me a second You gotta see me. You see me. All right fantastic. All right guys welcome back to my youtube channel My name is Dapo Willis as you already know now guys today I want to just address a very important question I keep I seem to get asked all the time especially From people who have no idea about what trading is the question goes is trading gambling Is it gambling are we gamblers right? Are we just some advanced form of gamblers, right? So that's exactly what I want to discuss today But before I get into the nitty gritties of the video you already know what you need to do Please I play my part you play your part just smash the subscribe button Hit a like just hit the like right there and don't forget to drop me a comment at the end of the video or even Right now because it helps the channel grow trying to grow community here trying to come on here It takes a lot of research effort Guys trust me Half the time I just want to trade and just relax However, I know I have a duty to you guys who are on my channel and my community to Obviously come on here and impact and continue to provide value So it takes a lot from me to do this So please subscribe and hit the like button All right guys so I'm back to the topic of today. I'm sorry. I just need to adjust my shirt I think I prefer my shirt. We'll just like this Button this All right guys so back to the question of today is trading gambling first of all, what the hell is gambling? We all know what gambling is gambling is simply simply when you walk into a casino and then you come out with no money right, that's pretty much what gambling is and The casino Pretty much is a game right the casino is a game whereby they give you the opportunity to take something Something this small to something this big right and They give you the the machines they give you the the avenue to give you the games they give you everything and You're supposed to in your mind. They don't like this They are supposed to in your mind. Obviously try and take your little money or $1,000 to $10,000. That's pretty much what gambling is now What exactly is the difference between gambling and trading because the forex market is pretty much the same thing You have endless opportunities out there, you know, you have different pairs to trade You know, you're everybody wants to take this to this, you know, so it's pretty much the same framework But what really different shapes forex trading from gambling? I'll tell you what it is When it comes to the casino and gambling the casino is going to win you over a period of time because Statistically the casino works based on statistics They know Based on the games that are given to you based on the odds the probabilities They know that they have an edge the casinos usually have a 59% edge and the player usually has a 41% Edge and there's nothing the player or anybody can do about it. That's just the way it is Okay, so this is exactly why you see don't forget the player has 49% Okay, 41% and the casino has 59% on us. So what's gonna happen is yes, the player will win 41% of the time. This is exactly why you see people go into the casino and make a crazy amount of money They mean crazy amounts of money. Why because they're still within that 41% of the time that they expected to win however The more they continue to gamble in the casino. I know I'm speaking about gambling Well, I'll get into trading a little bit, right? So the more they continue to play in the casino and the more they start to exhaust They are 41% of their winning things now start to turn around So out of 10 games The player is going to win four times and the casino is going to win six times So yes, you can win your first four games However, what happens 56, 7, 8, 9, 10, 11, 12? You've lost Okay, so this is why casinos make a lot of money. Now. How do how does this relate to trading? I already said trading is a I won't really say trading is gambling but is it is a form of All right, cool trading is gambling. I Can't believe I just said a however, however The difference between trading and gambling is a very thin line and this is the truth You know my channel. I tell you guys the truth. It's a very thin line between trading and gambling Every thin line between the both of them, right? So what's the difference between both of them? The difference is when it comes to trading Don't forget casinos. The probabilities is against the player But when it comes to trading Depending on how well skilled The trader is now we're talking about training here when it comes to trading depending on how well Skilled the trader is the probabilities and the possibilities Are greater on the side of the trader than the market Now how does this exactly work first of all the trader is Very well technically skilled the trader understands trends you have to understand that in a casino You don't see any trends. You don't see any but as a trader we get to see historical price action This is why I always preach preach price action You get to see historical price action and based on how the market has performed You know in the past we can basically use Previous price performance to predict what's gonna happen in the future here by Increasing the odds in our favor number one Second advantage that trading has over gambler risk management as a gambler in the casino gamblers Risk management doesn't really make any sense to them, but as traders we know that listen Yo, I can calculate three percent risk of my account Okay, so if I have a ten thousand dollar account three percent of that is three hundred dollars I'm only going to stick this forward. Don't forget what's taking this forward a Significantly small amount of our account Okay, we're sending it forward with a probability and a possibility of us making money on that trade being high Because of the technical knowledge we have I'll take that again First of all we're risking risk. We have risk management as our back and call like the only difference is a lot of people don't like to use risk management So we have risk management and because we're technically skilled. We see what happened in the past We are basically geared in the most favorable position to predict the next Possible outcome. Okay, so as you can see as a trader we're stacking the odds in our favor First of all, we can predict a lot better than gamblers Secondly, we have better risk management procedures than gamblers and last but not the least guys as traders We understand Exactly where the hell we're going. We know we want to grow this account guys Guys guys guys guys I like to believe that you guys know what you're going to with your trading because if there's anything that Kills most forex traders is they don't know when to stop. They don't know when to redraw Okay, you should know when to redraw your money now guys like I said again There's a very thin line between trading and gambling and this is why because of this thin line a lot of traders first of all Are not skilled a lot of trainers first of all are not they don't they don't use proper risk management So once you remove these two factors from trading it becomes gambling And this is why you tend to see a lot of traders start to cross over to the gambling aspect of things first of all They are risking you know Risking five hundred dollars of a $1,000 account because they want to grow it to 5k Okay, that's ridiculous Okay, we as traders are expected to be to have realistic Expectations gamblers don't have realistic expectations risk management where our risk management is top notch We are better skilled we can predict we can analyze this is a financial Instrument, okay, I feel like I'm having a big somebody right But guys is the truth like we we we We're not gamblers However, they are gamblers who are forex traders Forex traders are not gamblers. They are gamblers who are forex traders So guys the moment you start to remove all these elements like risk management the moment you don't have proper education about In fact, once you don't have proper education about this market, you're a gambler You don't have risk management. You're a gambler. You don't know when to withdraw your gambler You cannot call yourself a trader except you are skilled You have a strategy Gamblers have no strategy you have a strategy that works. Is it proven to work over time? See these are the things that they don't have in casinos Okay, as a forex trader we can test our strategy. I tell you what Usually a forex strategy works 75% of the time mine works 95% of the time because I'm a sniper trader like guys when I come to the market The market knows something that's heated, right? So let's say your strategy was 75% of the time so that means the many 25% of the time you're going to experience losses What this means is out of 10 trades you're going to win seven times the market is going to win in three times Statistically over time you are expected to win You'll win. That's how it works. That's how far it works. I think that again a Strategy that works 70% of the time means that you're going to win 77 out of 10 trades and then the remaining three trades you're going to lose those trades to the market. Okay, and Yeah So statistically after 10 trades you've taken home seven winning trades and giving three back to the market at the end of the day You're still a winner. There's another thing I want to add to this as well. Okay as a forex trader This is a huge difference between trading and gambling as a forex trader when we win Our risk to reward ratio is usually in our favor. I forgot to add this at the beginning But think of the here as a forex trader were expected to have the minimum risk to reward ratio of a two to one What does this mean? It means that so we said we win seven the market We win seven and lose three the market wins remaining three right in this seven for every trade we win With a risk to reward of three to one let's say we're risking hundred dollars if we are risking a hundred dollars We're expected to make about three hundred dollars on every winning trade and every losing trade We make what we make were expected to lose only a hundred dollars Am I making any sense in the casino? This doesn't happen. So your risk to reward must minimum of two to one so that even if your training strategy is not so great even if you lose five and even if your training your training Strategy is fifty fifty as long as you have a risk to reward of two to one meaning that for every trade you place You make two hundred for every trade you win you make two hundred dollars And for every trade you lose Let's say our risk is hundred dollars here, right for every trade you place you make two hundred dollars And for every trade you lose you lose a hundred dollars. So five times two if for instance we're winning five times So that's a thousand dollars Okay, and five times the losing time to be that's That's five hundred dollars. So at the end of the day with a strategy that only allows you win five percent of the time You will still come out profitable with five hundred dollars This is these are the differences between gambling and trade. I'm pretty certain you guys understand what I'm talking about as forex traders we have to Move things in our favor We have to always ensure and this is exactly what I teach on the forex mastery program I keep talking about this because This is one of the best for exposes out there. It will change your life I teach you how to to be a smart part trader how to relax and Allow the odds be in your favor before you click those buttons You have to ensure that the odds are in your favor before what you click those buttons That's exactly what I like to do I'm not the kind of trader who just comes click-click-click-click because I know that the trader who clicks me and this is why I always discourage day trading Okay, day traders usually Tend to gamble a lot because emotions are high and this and that and in the casino you're drinking alcohol The way the forex mastery teaches you how to trade Guy, you're probably trading three to four times a month and three out of those four trades are winners Okay, and when you win with the forex mastery do I teach you on the forex mastery you win big? I'm talking 500 pips 700 pips. You think I'm joking check my previous YouTube videos watch the way I analyze the market I I don't go for the small shit boy. I go for the big boys. I like the big meat. Give me some big So guys, I hope I've been able to shed some light on If trading is gambling, I hope I've been able to explain to you guys For those of you guys who want the forex mastery course the link is gonna be down there below You know where to find it down below If you found this video very helpful drop me a comment. Tell me your opinion Do you think trading was gambling? Have you lost money? Did I make some sense to you guys? Have I educated you guys your comments will go a long way to helping this channel grow? And they will help me to understand if you guys are learning and listening to my videos All right, guys. Once again, my name is Dapholis. I love you guys very much Stay tuned for my subsequent videos. I'm here on YouTube to make it happen I'm here to change your life. Take it easy and stay blessed peace