If I had a Pound for every time somebody has told me trading is gambling then I could give up all my work right now! Trading and gambling are two completely different things Professional traders look only for high probability, low risk opportunities in the market: nothing more, nothing less.
Each and every trade should be thoroughly planned in advance, with the risk defined and the profit targets objectively identified. Trading is a crossword, chess, psychology, science all rolled into one. A trader should never just jump into the market on a reflex action or emotion based impluse. Emotions are a killer for any novice. If you want to make your trading more like gambling then I suggest trying to trade the major news releases or not using stop losses to protect your capital…but do so at your own peril. Gamblers are hopeful and wish it will work out for them. Traders should be objective useing calcualted risk with a rule-based apporach.
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