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What are the advantages of financial trading?
Trading can sometimes allow investors to gain quick profits. Additionally, there may be multiple trades that can be compounded in a short span. Traders can also short sell, which means selling first and buying later. However, this is a risky venture and only experienced traders should opt for this.
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How is day trading different from gambling?
A gambler risks the owner’s money or assets in a game that can move in any direction, much like stock market movements. However, gambling may not be as predictable as stock market movements. Highly experienced day traders can read market movements skillfully, making their speculations closely anticipate reality.
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Is it possible to make trading a full-time profession?
Some investors choose day trading as a full-time profession. They do this because this field does not require individuals to be accountable to anyone, no formal training is needed and there are many different strategies to choose from. However, there are various levels of success and high amount of capital may be needed.
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