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Is binary trading the same as Gambling

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With binary trading on faucetpay, you have the potential to earn mega bucks or lose it all. I just thought to share my opinion on whether it is the same as gambling. 
There is a thin line between trading and gambling in that a trade can end up in two ways only, a win or a loss, just like when you gamble.

Simply put, gambling is “betting on an uncertain outcome, as of a contest”. In another word, gambling is taking a risk in the hope of gaining an advantage or a benefit. In binary trading, it is committing your put or call orders in order to gain a financial return.

In other to  answer the question whether Binary Options is gambling or trading, every trader must analyze his/her long term objectives. That is to say, does your strategy have a long term positive expectancy?

If your trading strategy is not mathematically stable or cannot be calculated, it means you do not have a solid strategy which is in effect, no strategy at all. If you can not defend your strategy for flaws or for its logic, you are most likely gambling. 
 
It therefore means that one major difference between binary trading and gambling is the absence or presence of dependable and dependable winning strategy. Outside of this, it is almost totally gambling or at the very least trading blindly. 

In conclusion, it is my opinion that binary trading is only a form of a gambling but not gambling strictly speaking.

What's your opinion?

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Yes, but you can call it big chance to win by knowledge, if have no knowledge, it will be the same like Dice.

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8 hours ago, SpiderUser said:

Yes, but you can call it big chance to win by knowledge, if have no knowledge, it will be the same like Dice.

Its personally, but in my opinion - trading of course require knowledge as You said. But if You are playing binare and you have to know what will be in 30 sec or 1 min, its not trading, its gamble because its too short Time to prejudice score


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Going into binary trading without the indepth knowledge will be more or less like gambling and what you think you might win big might end up been a disaster.my candid advice is that acquires the necessary knowledge you need before going into it so that u don't end up loosing big time

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There is indeed a thin line between gambling and trading and for some persons especially none tradings, they do not seems to see any difference because both presents the risk of losing in the event of a loss. Trading however is ahead of gambling if done based on sound market studies, analysis and trading skills. 

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Small frames like 45 60 sec are actually gambling. But when using big frames you can use Technical analysis and it became some kind of trading.

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On 7/15/2020 at 7:05 AM, ratanasov said:

Small frames like 45 60 sec are actually gambling. But when using big frames you can use Technical analysis and it became some kind of trading.

Yeah, that's true because how do you determine whether a currency will rise or fall under 60 Sec? You must likely will do guess work to trade which will come under gambling

 

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