Trading Forex Like a Business not Like Gambling

Hello My name is Adnan Khan and I'm trading since 2011. I have been through all thick and thin and after two years of losing money blowing out many accounts, I was able to understand the heck is not a gambling rather is like any other business in the world. Most of the traders and especially Pakistani traders think forex as a sea of Dollars (as mostly hear its a 6 trillion market) and try to pull out a bucket of $$ out of this sea. This is not a casino my brothers not a gambling, you will never make money if you are just trading thinking you will win some day or enter a trade because many people are asking to go long or short. Entering a trade and then sitting for months in a hope it will come in my favour one day and one day it blows your account. Go to forex chat site and going long because many people are saying EU is bullish. Why you stake hard earned money on just gossips ? The people who are really pro in market dont go on chat sites, here are only people like you trying to learn. Some people way over-complicate the trading, using hundreds of fancy indicators (mostly lagging behind the price). The more they lose, the more they think they need to add, but adding more and more does not increase profitability. You need to develop a business man mentality. Just take an example of electronics shop owner, the market price of 1 ton AC is 40K will he ever buy it for 45K ? Never. He's always in search of whole saler or factory which can give him the product at lowest possible rates so he can sell at higher prices in market to make profit. Indicators are meant to make you losers. The success lies in perfectly reading and understanding the price and then planning perfectly when to enter and when to exit. Why big financial institutions win and you loose ? Because they take is as a business and have planned everything and you are here without any plan. You're gambling man. Just stop here if you want to stop losing money. I have never even seen a scalper who is successful on a long run. I read here in the forum most of the guys have set money targets I need to make 50 bucks daily, 100 bucks daily, this is hilareous. You need to learn first before you even start thinking of making money and if you once have learnt, then you can make millions. There are three steps to become a successful trader.
1) A perfect Plan with perfect money management
2) developing a strong trading Psychology (strong professional approach)
3) Discard the greed and emotions

I will discuss the all 3 aspects in detail in coming threads.

my dear mein just itna hi janta hoon jise forex ka zara sa b knowledge hai woh kabhi forex ko gambling k sath tashbeh nahi dey ga q k gambling blind game hai jo tukkey k sath chalti jb k forex busines hai jo knowledge k sath chalta hai

Okay Guys, when you have shown your interest in taking forex business serious, I will try to get you one level up. There is one negative and drastic thought in forex community that you may make more profits if you trade more. This is a real killer of your accounts, Indeed if you trade more you loose more and quickly finished with your money. And at last you will be commenting here and there "bhai bht loss hu raha hy kia karun". You will have to choose the better trades that give you good return. 4 profitable trades are better than 100 losing trades a month. Even if you have one trade per month and its winner, you will be happy with it because something coming instead of losing, this way you will be making some profit. The real task is to develop a strategy and then stick to it, if a trade setup is according to your strategy, go for it and if not, I can wait for a whole month for a good setup, because staying out is better than losing, isn't it ?
I trade Price action trade setups with only 60% win rate, and with proper risk reward it makes a lot of money, but condition is stick to trade plan. Dont listen to people views in chats and forums, just stick to your plan. In next post I will share with you guys how to develop a trading plan, how to find best price action trade setups.

asslam o alikum my all friend g han ap forex trading ak asa business ha jis ko ap kbbi bi game nahi kah sakty ha kyon ka ye ak business ha jiss ko hum kbi bi kahi bi kar sakty han

forex par un logo k ley nakami ha jo bagr parctice ky rell acount par kam karty ha aur paer zahda ke lallch my apna nuqsan kar daty ha. foerx my gareedy log he apna nuqsan katy ha

aap ki baat bilkul theek hai forex ko aik business samajh kar karne ki zaroorat hai naa k gambling ki jaae ye galat hota hai

gee haan trading mein business krna chahe es mein gambling wala kam nhe krna chahe to phir trade mein income ache ho ge aur jo game bna kar work krte hien woh loss krte hein to trade krein sahih experince kay sath krein

forex or gambling mukhtalif cheezy hey forex trading real business hay or gambling to gambling hi hoti hay forex me ye ho sakta hay k app apna knowledge use kar k 100% profit earn kar sakty ho magar gambling me esy nahi ho sakta.

dear ap ne boht achii baat ki boht se log es mai risky tradin gkarte hain os ka es busienss mai koi faida nhn hy agar ap ne smjhna hy tu es ko sahii se karo ta k ap ko kabiib loss face na karna pare...

forex trading ek business ki tarha hai is me hum trading karty han or bhot kuch gain bhe karty han islye forex ek business ho skhta hai koi gambling nahe ho skhta hum is ko ek trading business he khe skhty han agar hum gambling khen gy to forex ki shan k khilaf hota hai

Ap ny apna experience hum sy share Kia es k lye mn apko thanx kehna chahon ga. Aur mn apki baat sy agree hon. Bhut sy log forex join karty hain aur jaldi he business mn loss kar k chor jaty hain. Because wo forex ki requirements pori nahi karty aur rules and regulation sy trading nahi karty jis ki waja sy wo flop ho jaty hain. Agr wo esko aik real bussiness ki trah behaviour Karen tu acha result mil sakta hai aur bussiness ki leave karny ki ratio bh kam hogi.