Thoughts on Binary Options

[Petezaa]

I know people who trade it very well but gets a lot of bad press. Thoughts

Waste of time in my opinion.

 

[Painskin]

Opinions about this direction in the market can be very different, because some people see it as something too risky and dangerous, while other traders see great prospects and the opportunity to get money right now.

 

[ForexWarrior2020]

definitely not for me bud

 

[Etedus12]

Binary options have certain features. And only those who really set a goal to make it part of an effective work can deal with them.

 

[Faelar]

Hmm, well, you can always try it on a demo or with a little capital.
And after that you can already draw conclusions.
How can you talk about something you've never done.

 

[Joshevans--]

I know people who trade it very well but gets a lot of bad press. Thoughts

Like gambling really. I'd rather just stick to Forex.

 

[AliForexTalks]

If talking about its secureness, STOLEN TEXT REMOVED

 

[Mnefyn]

Hmm, well, you can always try it on a demo or with a little capital.
And after that you can already draw conclusions.
How can you talk about something you've never done.

Absolutely. Actually, I would even advice to try the same scheme on the forex market, because it's almost the only way to understand whether this type of activity suits your temper and mentality or not. Some people prefer not to take lots of risks on themselves because of a fear to lose everything. It's partly considered to be the truth, because any type of trading whetehr binaries or forex trading bring plenty of risks.
I believe that binaries can be profitable only in case you understand the mechanics of the price movement. In other cases you will have mcuh more chances to lose your deposit, rather than earn something.

 

[Doomsinger]

If talking about its secureness, STOLEN TEXT REMOVED

It's true, however not all traders understand the peculiarities of trading binari options unfortunately. Lots of traders tend to suppose that it's just similar to gmabling, but it's not like that definitely. In my opinion, binaries require special approach. In this case traders will be able to earn money due to binaries. All types of trading whether these are binaries, forex trading or crypto trading require special, individual approach, because all of them, despite the fact that they realet to one activity, are different.
Some traders can even use their trading strategies which were created for fx trading, on binaries and vice versa. I guess it requires enough skills and experience. It's pretty tough to create universal strategy, almost impossible.

 

[sebking1986]

Regardless of the type of trading itself many of the brokers are bucket shop scammers.