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Cryptocurrency Q&A Is binary trading gambling?

Is binary trading gambling?

Federica Federica Tue Dec 10 2024 | 7 answers 2280
I'm exploring the concept of binary trading and want to understand if it falls under the umbrella of gambling. I'm curious about the similarities and differences between these two activities, especially in terms of risk and reward. Is binary trading gambling?
binary trading gambling question

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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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