Binary options are for gamblers
By the above definition, trading in binary options does indeed fall into the gambling category but so does every other form of trading such as stock trading or currency trading. In fact, so many things that we do in life can be considered gambling. Upon closer inspection of this question, I suspect what most people are really asking is whether binary options trading is like casino gambling in which the odds are already fixed against the player.
I believe many people have this notion because of the many immediate similarities between binary options and casino games like blackjack in which there are only two possible outcomes:. When comparing these two activities, what most people do not take into account is that for casino games such as roulette or blackjack, the outcome of each game is entirely random and is not dependent on any external factor.
However, in binary trading, the outcome is greatly influenced by real world events. People who did their homework, studied the rise in nationalism across the European Union and predicted that BRExit would happen had a much higher chance of correctly 'guessing' which way the price of the British pound will go after the BRExit referendum vote. However, in the case of casino gaming, there is simply no way the casino game player will ever be able to gain an edge in guessing the outcome of any individual game no matter how much effort he is willing to put in.
Hence, in binary options trading, the true odds you will get is highly dependent upon how much information you have in relation to the bet you are making. It is not necessary to believe questionable statements to this effect. As trading in the Forex market , working with binary options involves serious training , and self-control. In my trading I use technical analysis for reduce the risk. I think it's all about controlling your emotions and making educated guesses. Forex trading is perceived as gambling by many people out there- doesn't mean it is.
I you compare it with gambling, I think it's more a skill game. As a beginner without the necessary skills, like me, you will probably lose your money. So I have decided to read as much as I can, before I'll invest real money. Hope it's the best way. Well, I wouldn't call it gambling You have to have knowledge so that you could do it and earn money. Yes, it can be really risky but I, for example, play really safe because with more knowledge that I get, the more I know how to invest.
So no, I definitely wouldn't call it gambling, just investing based on the amount of the knowledge that you have!
I completely agree I love the brokers I found here! Binary option is small industry on the internet and is not safe to put money in binary options company because we dnt know what happened, after 2 or 3 year or may be 5 year to build your account..
My best advise all the trader dnt use a broker from outside of your country. For example Fxcm come from united state if the office of this Fxcm have an office in your country then run.
Choose a broker from your country.. Yes, and stick with regulated brokers. Best Binary Options Brokers. It's true that regulated brokers are the best way to go but 2 things, regulated doesn't make them a good broker and non-regulated brokers can also be good Good to choose a Right broker and full regulation from outside country July edited July Is binary trading just gambling?
Yes , is Gambling.. If you lost 3 or 4 trade you loose more than you win. Mostly binary option industry are regulate by Cysec. But trading is a skill and like any sport business or even picking up women, not all are unskilled gamblers some actually might be very skilled lol Binary options is risky that's a fact and to some extent it feels like gambling but it isn't.
August edited August Basically every trading instrument can become gambling, even a real estate agent can gamble. Binary option trading involves a probability factor, yes, but so does everything in life. Thing is, there is a huge difference between pure gambling and trading. Let's consider one of the most stupid things in gambling, people who actually think that statistics actually apply to a lottery.
They work with hot numbers and they really think that choosing hot numbers has to do with increasing changes. That is so wrong. Why, because the change of actually drawing that number the probability factor is done with permutables.
I don't care if a hot number is drawn times in a consecutive row, it really doesn't mean that the next draw the change is higher of drawing that number. There is no cause and effect for that matter. The probability is pure the outcome of a mathematical equation. Now consider a sociology research. Let's say they find that poor neighborhoods have a higher crime percentage then rich neighborhoods.
There is a cause and effect. If you are poor, have nothing to eat, you might end up stealing food, right? So there is a cause nothing to eat and an effect person turns to crime. Of Course that doesn't mean that person has to be involved with criminal activity, but the change is higher.
And the outcome of the probability factor is pure statistical. Still you can end up gambling, by not looking at the markets, ignoring fundamental and technical analysis.
With so many scam brokers out there, before you learn how to trade, one must know how to separate the wheat from the chaff and find a trustworthy binary options brokerage How often does my trades need to be successful in order to be consistently profitable in the long run when trading binary options?
Stocks, futures and binary options trading discussed on this website can be considered High-Risk Trading Operations and their execution can be very risky and may result in significant losses or even in a total loss of all funds on your account.
You should not risk more than you afford to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. Information on this website is provided strictly for informational and educational purposes only and is not intended as a trading recommendation service.
What are Binary Options? Is Binary Options Trading a Scam? How to Select a Binary Options Broker?