I'm new to trading - Preferably Binary Options

[momo3HC]

If you are patient enough trading can soon become your primary occupation

That`s better choice definitely.

 

[Etedus12]

You better invest small amounts really cause you may try to feel how it's feel to loose like decent amount of all your money here and there for that matter. I do not get anything like that for example. Start small with some verfied and regulated brokers.

 

[TrapLok]

I would surely advise you to come on the forex market as it is the real form of trading. Binary Options is a good form as well but it is closer to the gambling. You cannot earn much money from there as compared to the forex trading. This is my personal opinion, you can disagree with me!

 

[Olieng38]

Binary options along with their brokers are really banned in a lot of countries anyway so I really not that sure that you still need that info, I recommend you to concentrate on your usual brokers for all your needs. Forget about binary, please.

 

[bigdolly]

Binary options along with their brokers are really banned in a lot of countries anyway so I really not that sure that you still need that info, I recommend you to concentrate on your usual brokers for all your needs. Forget about binary, please.

Binary options provide very unfair trading conditions, their payouts are lower than losses and trader has to have considerable trading edge to make money. That's why binary options are often compared with financial casino, they even make funny websites which don't resemble serious trading platform. It's rather an entertainment.

 

[JamesForexSlayer]

I've been recommended by friends to start trading with binary options, since forex seems too complicated for me, and binary options seems like a simple way of trading.

But I see so many different brokers, with good and bad reviews- it's hard to choose where to invest.


If I have an amount of 3000 GBP to invest, how should I go about investing them? Should I put a little bit in several brokers' and see how each one does? Or do I put all of the investment into one broker?

If so, am I losing advantage if I deposit a smaller amount into a broker (300 instead of 3000)?
Also, if i do deposit into a broker, and it turns out to be a bad idea, will the broker refund it quickly?

Sorry for all the questions, I'm completely new at this!

Thanks, Nigel

Binary Options such. Stick to Forex.

 

[JamesForexSlayer]

My advice is choose Forex instead of binary options, Assmod already added reason and shared the link. And what ever you choose my advice is go with small deposit to check them out first instead of 3k GBP. Best of luck.

Totally agree with this.

 

[Shalirad]

IT's already prohibited in a lot of countries and will probably will be only more, you should concentrate on something way more classic like stocks, shares, commodities and maybe something like crypto if you really want to try yourself anyway;0

 

[Albert Dcosta]

The hype of binary options trading is over now because that is just like betting and people have lost much money in that market. So it is better to concentrate of forex market that has matured enough to give you a reliable source to earn decent profits.

 

[Anthony23]

There is just too much risk in binary options trading, and extremely low opportunities for risk management. Aside that majority of brokers are scammers (not all of them, of course). In addition, this business is banned in the EU, UK so you can probably still trade it in the US