How different is trading from just gambling? I know there seems to be a big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?
Some people consider trading as gambling, but they are totally wrong. Trading is done for investment purpose which in turn aims to earn profits, where as gambling is for entertainment purpose. To become a successful trader you need to study the necessary study material whereas an illitrate person can also gamble. In order to be successful in gambling all you need is luck, but in trading ,skills are also mandatory with the luck. So these differences states the difference between trading and gambling.