At least they have to limit possible risk and protect trading capital from volatility, i.e. use stop loss. Even random betting with stop loss has good chances to make initial profit for you. Try and demo and convince yourself in that.
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Yes, money management is very important factor to be successful in forex trading.The scope of Forex portfolio is too vast.
A trader is doing a decent business if he has proper money management.
Many perceive forex trading as gambling due to its speculative nature and the potential for quick profits or losses. The market's volatility can resemble betting, especially if traders rely on intuition rather than analysis. Without proper knowledge and risk management, trading can feel more like a game of chance than a strategic investment.Why do people see Forex trading as gambling?