Thoughts on Binary Options

[Buzanara]

Another opportunity to earn money and have a stable income, what else? I believe binaries are somehow similar to forex trading, but the mechanism is a bit different. It doesn't mean that they are worse than forex trading, because the similar principle is grounded in both ways of trading.
I would say that you should comply with classical recommendations. Watch for the risk management, watch for your funds and always be patient. Patience is cool because you will be able to earn even more money due to it.
Never hurry and never be disappointed because of losses.

 

[fxoday]

I am assuming the binary option is not trading, this is not about buying and selling currency, but using term put and call the order mature based timeframe.

 

[Pharaoh]

I am assuming the binary option is not trading, this is not about buying and selling currency, but using term put and call the order mature based timeframe.

It's worse than that. In a real call or put option, your trade goes to an exchange. Your profits/losses are based on how far price moves in favor of/against your position.

In a typical BO trade, you "win" 60-90% of your bet or lose the whole amount. There is no exchange and no way to have any confidence that the prices aren't rigged to make sure you lose whenever the broker decides its time to take your money. Even if you stop while you're ahead, quite a few binary brokers have solid reputations for never paying winnings to traders.

If you want to bet on something that's really 50/50, go to a licensed casino and bet red or back at the roulette table. The payout ratios are better, the regulators check the tables for tampering, and there's not going to be a problem cashing in your chips when you're done.

 

[Aquaquill]

Binary options are illegal in many countries for two very good reasons. First, the vast majority of binary brokers are nothing but deposit-only scams. Second, binary options is a simple up/down bet. It's like betting red or black at roulette, except that the payouts are much worse than any licensed casino.At a casino's roulette table, you are not betting against other players. You are betting against the house. At a binary broker, there is no outside liquidity provider. Your wins come out of the broker's pocket and your losses go into the broker's pocket. This give those few binary brokers that aren't deposit-only a strong motivation to find ways to claim that successful trades were somehow cheating.

If you want to gamble, go to a licensed casino website and enjoy the game. The payouts are better and if you win, you know you can cash out your chips without any problems. If you want to trade or invest, avoid binary options.

It is important to note that binary options can be risky, and investors should exercise caution and seek professional advice before engaging in such trading activities

 

[fxoday]

I think trading binary depends on luck because we can't plan specific risks like using stop loss in forex trading, meanwhile forex trading we can manage the risk properly.

 

[Komondar]

Most binary brokers are scammers, and the concept of binary options itself is similar to a simple 'up/down' bet, akin to roulette

 

[Komondar]

it could be hard to chooose the good ones but i know they exist

any ideas on how to choose one? )))

 

[Komondar]

Another opportunity to earn money and have a stable income, what else? I believe binaries are somehow similar to forex trading, but the mechanism is a bit different. It doesn't mean that they are worse than forex trading, because the similar principle is grounded in both ways of trading.
I would say that you should comply with classical recommendations. Watch for the risk management, watch for your funds and always be patient. Patience is cool because you will be able to earn even more money due to it.
Never hurry and never be disappointed because of losses.

Better go to a casino. Comparing Forex and binary options is like comparing a gun to a stick