FX or horse racing, which one can you make more money with? Some people study the points for free from books on stocks, but if you want to make money or have a side job, many people may think of FX or horse racing. In reality, both have the potential to make money, but which one can you say is more profitable?
for horse racing
First, when betting on horse racing, you first buy a ticket. If you win, you receive a payout. Payouts are set at between 70% and 80% depending on the type of ticket. The highest payout rate is 80% for a win bet. For this reason, it is said that going for a win bet is the most reasonable approach. However, the problem with horse racing is that there is nothing the user can do to increase their chances of winning. For this reason, the element of entrustment is strong when it comes to horse racing. As a rule, you should look at the odds and probability when buying.
For Forex
In the case of FX, you open an account with an FX company. Once you have opened an account, you deposit money, trade, and if you make a profit, you withdraw the money. Of course, whether you can win or not depends on the market, so it is very similar to horse racing. However, in the case of FX, there are many elements that the user can control. This means that you have the right to decide things like taking profits, cutting losses, and even the timing of your entries, so there is more freedom than with horse racing. You can order the price of a product based on points, and it is a popular investment in Japan. Some people also study by purchasing books and services.
Which is better, forex or horse racing?
When it comes to the debate about which is better between FX and horse racing, FX is more advantageous. As explained above, FX has a higher degree of freedom, so there are many elements that can be controlled by the user. Therefore, in the case of Forex, it can not be said to be gambling because it can increase the winning rate. In other words, in the case of FX, you can increase your winning rate by accumulating skills and experience. However, horse racing cannot do that at all, so it has a strong meaning of gambling.
Profit and loss control
In the case of Forex, it is possible to control profits and losses. In the case of Forex, as mentioned above, you can freely decide the timing of profit taking and the timing of loss cut. In horse racing, on the other hand, there is no such control. In the case of horse racing, the game is strong. Therefore, it is difficult to control.
which one is more profitable?
As mentioned above, horse racing can only have a winning percentage of up to 80%. However, in the case of FX, you can increase your winning rate by accumulating skills and experience. And there is an advantage that you can earn more money by increasing the lot. Therefore, FX has a higher degree of freedom, so if you have skills, you are more likely to earn money. Of course, even forex, the winning rate cannot be 100%. Since it is an investment, there is no 100% guarantee.
How many years until you can win in forex?
However, it is absolutely impossible to suddenly win big in Forex. Because FX requires a training period. Beginners need at least two to three years of training. In the meantime, you need to learn chart patterns and price movement habits. You will find that it will never be easy. However, if you can win to some extent, it will definitely be an ideal supplementary income.
You can open an account with FXGT for free
FXGT not only deals in foreign exchange rates, but also stocks and virtual currencies. Opening an account is free and quick, so we recommend it. Please also take a look at the following article, which introduces the details. Here is a list of information for those who are interested.
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