>well am no fan of Gambling, due to my experiences in the past, I decided I would quit gambling.
But just few months after I quit Gambling a friend of mine introduces Trading. I mean I was captivated. I really wanted to make money.
I wasn't really schooled in trading but i just followed what the others did , but along the line I've just realized that it is seemingly not different from gambling considering the fact that I've lost a lot of money.
Please, am I wrong in looking at trading this way?.
Trading is very different from gambling. What differentiates the two is your manner of approach. You began trading with no background of any kind of knowledge of what it means to be a trader. That’s gambling. A person who took his time to go through the learning process; learning chart patterns, price action and market trends; and practiced on demo accounts before moving to live trading will have a completely different experience than you have. You see the former is gambling (speculations based on luck) and the other (trading with analysis) is not.