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Cryptocurrency Q&A Is binary trading like gambling?

Is binary trading like gambling?

Michele Michele Wed Nov 20 2024 | 6 answers 1625
I'm wondering if binary trading is similar to gambling. Are the risks and rewards comparable, and is it based on chance or can it be predicted through analysis? Is binary trading like gambling?
binary trading gambling comparison

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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