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Ambisexual is another way to say bisexual with the prefix "ambi" indicating an ambiguity to one's sexuality. One who identifies as an ambisexual does not discriminate in terms of gender when it comes to sex, dating, and relationships.
People who use the term ambisexual may also present in an ambiguous manner such as a person who wears makeup but otherwise presents very "manly." This can leave others to question the gender and sexuality of the ambisexual individual. The nature of ambisexuality makes this question moot.