Foreign exchange (forex) trading can be a lucrative career—or side gig—but there's a steep learning curve and a few risks associated with this activity. Unknown to many, it's not gambling. It's a science, requiring learning technical indicators and risk management strategies.

'Why is it scientific?' asks Born2Win Philippines CEO and Founder Ferdie Pabalan, considered by many as the leading forex trading educator in the Philippines today. 'Science is observing phenomena or activities carefully and looking for patterns, then based on these patterns, you create hypotheses, and then you test your hypotheses. In forex trading, we observe currency price movements, look for patterns as shown by multiple technical indicators, create hypotheses and test these hypotheses by making small, test trades. Just like a good scientist, you have to be open to new data and patterns. And this is all done with systematic risk management. Hindi ito kinakapa (It's not done by 'feel.')'