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I used to be involved in gambling but after facing huge losses I left it now I am involved in trading for a long time which is known as binary trading and I have been very profitable. But I have something to know here do you agree with trading and do you not support binary trading I should leave binary and move to crypto or forex.

Binary option in which you will choose if the price of bitcoin will go up or down within certain seconds or minutes is not trading but gambling. I have only seen it on gambling sites and not on trading sites.

You said it is profitable for you. So why the question?

What I can just say is that if the profit is just still for short period of time, be very careful because it is very risky.

Know that crypto trading and forex can be as risky as gambling for most people. Always use the amount of money that you can afford to lose to trade if you learn about trading.

Why are you seeking validation from the forum concerning something you’re already doing and not just that, you’re also doing it well and making profits from it?

I see no reason for this thread of yours, if you were also suffering from losses then it would have been a different thing but since you’re making profits than you were in gambling why not just stick to this one? Try improving your skill and see if you can maintain making profits from it. I personally don’t see any reason why you should leave binary and switch to forex - if you want to learn them also you can but don’t just completely leave your current one.

Binary trading is basically gambling, which is why it's hard to separate the two. Maybe it's better to compare gambling vs. trading in general. Even then, I still wouldn’t pick one over the other because, for me, trading is about making money, I invest time analyzing and trying to be profitable. And honestly, I’ve had more success with trading compared to gambling.

Gambling, on the other hand, depends on how you approach it. If you're just gambling for fun, then there's no need to choose between the two. You can treat trading seriously, like a job, and then gamble purely for entertainment to unwind and relieve stress.

It’s very simple, stick to the setup which your strategy is working since we have different strength and weakness. If you are performing well in binary trading then just focus on it while you are still earning.

You don’t need to jump on every investment opportunity and chase profit because this the main culprit why many traders lose in the end. Be contented and focus on what’s working for you!

Think for an alternative if your strategy is not working anymore.

It is same shit as in both you can lose really huge, in gambling it can be much faster though compared to binary options as they need time to hit your stop loss order or the opposite of this for the win. In the end though if you are not careful they are basically the same as in both you can lose or win money but since they are going on strong for so many years it is self explanatory that you will lose more than you will win and if you think you are smart enough to win in the long run you better think again as that is not going to happen, I know people who have lost all their savings well over 50.000 pounds when I was in England for work, one of the locals there that we meet the first day we didn't the others and they explained to us what he had done.

Seems like you’ve got a special skill there, especially since you’re very profitable. So, it only makes sense to stick with what you do best. After all, the main goal of trading is to make money. There’s no need to explore something uncertain if you’re already doing well in binary trading.

If you are looking for a means to earn a quick money, then it will be difficult for you to even archive that dream so abruptly. First you need to take thing slowly, smartly and wisely. With your expression about gambling, you used to put hope of winning so much in gambling but instead of winning, you lost a huge amount and that made you to stop gambling and now you want to venture into trading.

 First you need to understand that binary options is another form of gambling, it's either you are trading the real forex market with a reputable broker linked to your mt4or5 account, or you are either trading the crypto market. Even in trading, to some extent the risk involved is as wide as the risk in gambling too. You can lose a large sum of money in a short time,  that was why I said that you should take things slow.

That sounds made up to me. Tell us the average return you’re getting and whether you’d be willing to bet on proving that return.


It's probably either made up or partly made up—meaning he's the one trading binary options, but he's nowhere near achieving good long-term returns. So the real motive is likely more about the signature campaign than a genuine question.


I don't believe that and I am willing to put my money where my mouth is (https://bitcointalk.org/index.php?topic=5529140.0).

Im not sure how binary trading works I bet it almost same with traditional trading like spot on cex. But how can you say Binary trading is much more profitable than casual gambling? I think if you used enough fund on gambling somehow you can also be profitable but not in the games like slots or hard to earn jackpot but games that are less complicated and got a very simple winning method. Just bet high and if you win out. Dont be greedy and I think gambling profits will pile up.

If you have the skill to make money and just as you said you are profitable.  You have the advantage among anyone who have been trying hard to make money but are not skilled to make it.  If it were me, I would be enjoying the win and keep making more money from the binary trading platform.

I wonder which platform you are using? If you are profitable in binary, I think you will also be profitable in futures market.

Your question is funny, it seems you're looking for public opinion to back up what you've already decided to do, with what you've written, you've already said that you're into binary trading, your exact statement and you also said it has been profitable to you, why then seeking for public conclusion, for me if something is benefitting me, I wouldn't see it necessary to ask anyone question on that, having said that, personally I don't do any of these things you mentioned except gambling, I gamble but am not an extreme gambler, I believe in gambling with precautions but as for crypto,binary trading as you choose to call it, I don't do those stuffs because of my support and stand for Bitcoin acumulation and hodling for a long-term, in conclusion, op you're entitled to whatever decision you want to take in respect to your question, afterall decisions relating to crypto or binary trading as you call it should be personal to avoid blaming other people for any unforseen circumstances that may occur.

You have said yourself that binary trading/option is profitable, so why do you want to hear suggestion from others about what you should do?
By the way, binary trading/option is not real trading if you ask me because it is a guessing game although knowledge and researches can be done but I think most people who are doing binary option are doing it by pure speculation (go down or up based on their intuition).
If I was you, I wont ask other opinion on what to do because logically I've experienced myself that A is better than B, so I'll simply do the thing which give me more profit than the others.

Gambling and trading share some basic similarities between them.Though they may vary in areas like risk management and possible outcomes, trading requires education and skills that'll potentially yield results.
You can be doing both as well,maybe whenever it deems fit for your schedules and analytical mindset.You really don't need to seek any validation from anyone.

Maybe both are some kind similar I do gambling before starting trading. In my opinion gambling need experience and luck both. But in treading sector you need experience patience there is no matter of luck. Develop your skill and make your own strategy then you can be profitable. But in gambling I didn't see any one as a long time profitable gambler.

Don't forget about skill because if you trade, you must have skill so you can analyze where the market move. You can not just predict the move without analyzing the market and that will be the same as gambling.

Whether you use binary trading or crypto trading, without skill and other things, you are gambling with your money. So skill, experience, capital, discipline, patience, and other things will be part of trading so you don't just guess where the market will move.

It is hard to see someone will profitable in gambling for a long time because he can lose his money anytime. So you know that trading will give you the opportunity to earn money but you must have skill and other things.

You leave binary trading if you’re losing, but since you’ve been profitable, stick with it for now, at least while it lasts. But we know it won’t last forever because it’s basically gambling, and you can’t properly analyze a market just by looking at a few minutes of price movement. Maybe it’s time to start learning real crypto trading instead. It’s more interesting, and if you build consistency, it has the potential to keep you profitable in the long run.

Binary options are gambling, don't you know this? In binary options you don't rely on strategy there, all you do is press the "higher" or "lower" button, if your prediction is correct, then you get profit, but if your prediction is wrong, then you will lose. It is gambling and cannot be said as trading like crypto or forex trading.

But if you have already made a profit from binary options, why do you need to leave it? just keep it that way if you have made a lot of profit from it, maybe you have good luck there.

Bruh, binary trading is a form of trading.
You can have binary trading for forex or crypto.

I am wondering if OP is not making up his entire claim, as I am questioning what he was trading while doing binary, as the only option left would be stocks and commodities, and how are those any different than forex and crypto?


Yeah lol, like crypto is any different and is not 1000% speculation, whenever I see people trying to do TA charts and failing miserable day after day I can't keep wondering why are they even trying.

Binary options are a game of chance based on prediction, with just a push of a button you can choose up or down based on your prediction and it is like gambling.
And as @Russlenat said, maybe you have the skills to do binary options because it can be profitable for you and not detrimental to you when gambling that makes you switch but you should not compare with your experience which I think you should prove the results, unless you are just asking which option is better to choose among others. And here you have also answered your own question because binary options are already profitable for you and if you switch to another one again it is not necessarily profitable for you.

I've heard about binary trading alot of times in different places, even tried reading about it a couple of times but something else got my attention each time I tried, so right now, i still do not know anything on how binary trading works, I definitely will find this out soon by simply searching and reading it up on google.

But then, I will always prefer any form or type of trading to gambling, trading is where a person (the trader) exercises his or her knowledge, skill, capacity and all that, a trader has a good level of control over the outcome of his or her trades, unlike gambling where this control is completely taken away and you have to completely depend on chances (depending on the type of gambling game anyway).

But again, nothing is wrong doing the two, that is, trade for profit, and gamble for fun..

I'm gonna to spoke about Binary.

There has some investigation on "Binary Option" called Binomo in my country. It's being told, in the background they're setup the price movement not actually real in some condition (example, like how much money in the pools).

My suggestion, rather than do binary option. Better gambling instead, while you know the odds, RTP, and other + If you betting a card game the result was real without manipulation. Straight dealing the bets in front of you, live rather than binary option.

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IMO, Binary was still as gambling cause quick scheme investment with interval time really short. Better gambling rather than those.

I have been writing since ever that it's all gambling, it's just that the games and rules are different. When we risk our money to win more money we gamble... of course, some games are riskier than others, but what's most important is knowledge, skills, and our playing style.


Another great article Gosu. I think it provides a nice answer to some of your questions: Herd Mentality: Why Bettors Follow the Crowd (https://www.gosubetting.com/blog/betting-guides/herd-mentality-in-sports-betting/)

In the end, be yourself, and do what you think is best... Until you try it yourself and go deeper, you will never know your potential and what you can do. Always be responsible, without rushing or aggressive moves... study, research, be ready to take risks, and make a move. Good luck!

OK, but how about other forms or type of trading like forex and trading futures market in cryptocurrencies? Will or would you still advice one to go for gambling instead of this types of trading?

I think if I am asked, I did say that it's better for a person to simply find out what or which he or she is most profitable with and face that, some people can be very lucky when it comes to gambling, but each time they trade, they are not so lucky as they end up losing money, while there are other who make good money from trading only to end up losing it all in gambling, and this does not matter the type of game the person played, for as a matter of fact, there are no guarantee in gambling.

So for me, like I've said before, I still will likely prefer trading to gambling, trading may not have to be binary options, but other type or forms of trading, I can take gambling as a means to get away whenever I feel like doing something different which still gives me a chance of or to make money..

There are questions whose answers will come to the person who asked them from looking inward.
I am interested in gambling but not as much in trading. I know I have some knowledge of trading but it is one place that I tread carefully. Any answer you get is not the one you should follow the one you should follow should come from you doing your research.
Do not just compare profitablity, think about the risks involved. In leaving binary to wanting to move to forex or crypto you would have lost more money than the person who does nothing.

Well I have no idea about how trading works, neither would I bother to know how it works. Reason been that I'm not ready to bare those risk that is involved in trading, though is obvious that trading can make one become rich over night that's if you really understand it very well and also knowing the strategies to take when trading. But since I'm not moved by all of this I think I will just stick in making my normal crypto investment.

However, talking about leaving binary for crypto or forex. Actually I think it depends on your choice, because I don't know between this three things you just mentioned here. I don't know the one you're good at, just as you said earlier that you have been profiting from binary earlier before now. So since you have been profiting from binary, I will advice you Stick to it. Because it seems you're very good at binary trading.

Leaving gambling to forex is jumping for bicycle to motorcycle, to me forex is advance gambling, its better you stay on crypto trading than forex. All are risky its all depend on the your risk management approach to reduce lost and gain more profits. some people preferred gambling then crypto and forex, they believe gambling is fast to get gain than for them to wait for a long time to get profit from crypto. its all about choice and patience.

The target is to make money, which ever one that is giving you the cash should be taking serious. But never underate crypto, use your profit from gamble to have some quantity of bitcoin or other altcoins for your future, buy and hold, its very important  as youth. Gambling is destructive to those that do not know when to stop, or playing with emotions, but in crypto even when your portfolios are dropping there is still hope it will pump again.

They always say that the best is the enemy of the good. If you are profitable, you should be happy; not everyone can succeed like that. However, there always comes a moment when it seems that you have outgrown one activity and want something more. If you do not try, you will not understand what is best for you. No advice given to you by users will be correct without your full and independent analysis. Sometimes it is better to do and regret than not to do and remain in doubt.

You will not always be successful in trading, so what do you do then when you loss from trading? quit as well? And also were you expecting to always be successful and profit when you gamble? if that was the mindset you had, it is an entirely wrong one.

If you must either become any kind of trader, or even gambler, you must be ready to loose some money to gain because that is how they all work. Most successful traders still lose money, they are only successful because they have been successful in reducing their losses.

Always choose those things you like to do and don't push your self to like those things you think profitable because this is been said by other people. But you can try to test the waters if you like to trade, but don't expect that you can surely earn with it. Since same as gambling the risk with this earning option is so high and there are lots of people lose their money especially if they don't pay much attention on current movements of the market or don't actually know what they are doing.

Enjoy the whole thing and don't get pressured to much on getting money online since this will just cause desperation that can lead to more bigger issues. Better take everything calmly and try to learn on the process also most important of all always do a research on every action you do.

trading = if you don't know what you're doing and you don't have specific skill for this activity you're just GAMBLING your money.
Some of the product that you have listed are well known gambling instruments with classic financial markets.
If you will add also "leverage" you have reached the max possible risk for your investment. I would definitely stick on learn how to gamble or basic of trading before trying any other speculation...

Since you are very profitable in binary trading there is no need for you to think of gambling unless you just want to have fun. If i were you i will delete any gambling app and focus on my trading skill which i am certain that i will be profitable.

I found this your comment worth taking into consideration. He should make his own decisions after reading all through peoples comment. He wont find any helpful if his mind is does not align in the same direction with what the suggestions here.

I do not think that we can give you financial advise here mate. Maybe some of us could be in the same predicament as yours, but we decided to just tackle it all alone and not seek advise in this community because we could give you that but it might not be the best interest, in my opinion.

So perhaps you are the only one that can decide it for yourself, and hopefully you make the best decision.

Good luck to you.

Trading and gambling both is very risky. you will not get any financial advice for any of this. in trading if you use spot trading then you will loss but not lost full of your money but if you use future trading with high leverage for big profit in short time then it will work like gambling you will loss and can lost full of your trading fund and also you can make big profit it is depend on luck and your market analysis skills. in binary trading i have no long experience so i can't comment about this but i can tell you one think binary is also not risk free. and gambling is how risk you already know...i can tell you do not choice any of this if you don't have ability to control your emotion and ability to accept your loss

Whichever works for me, I'd stay there. Somehow gambling works for me, it's not all about how much I make because I still lose a lot and I even breakeven at most times and if not, I only profit little. It doesn't matter what's with the agreement whether trading crypto or binary trading is better. Just find your niche and what market is working for you. You can trade for all of these markets and still gamble full time if you want too. You're in it for the risks so everything you do in there makes you more stronger because how much risk you take for each of them.

If you ask all the members of the forum how many are making a profit from gambling, you will see that there are very few who say they are making a profit. But this is to be expected because gambling should be seen as entertainment and not as a source of income to pay bills.


 ???

you should stay where it gives you profit, although I do not like binary options, I see it as gambling, an entertainment that should not be taken seriously. I hope you are aware that binary options should not be seen as a source of income, play only with small amounts, something that you can afford to lose

Binary is a manifestation of gambling itself so I think it's the same as you gambling there, you will only hallucinate that you are trading but in fact you are gambling using Binary, but if we talk about Forex and Crypto I think it's not gambling.

Talking about my activities I am a gambler and also trade on crypto, as long as you gamble responsibly you can do it without stopping gambling which you think can bring big losses to your finances.

You said that you used to be involved in gambling but after facing huge loses you decided to leave and entered into binary, which according to you is very profitable, I think you should stick to it. I believe that you're asking if we support trading and whether you should leave binary for crypto or forex? I think that the decision should be yours, why not try both of them and know if you'd be profitable in them. I don't think that there's any restrictions for you to engage in all of them, that is if you have the capacity. Gambling and trading are risky but I think that gambling is riskier, also binary is more of gambling.

Some people may be confused why this is in the gambling section although I do understand how it can connect to gambling but its main focus is not about gambling but rather about trading.  

Binary trading for those who do not know is basically having two possible results: fixed profit or no profit at all. A trader would predict a specific market movement at a specific period of time and if he is right, he gets the predetermined profit and if he is wrong he lose everything he invested. It is very risky and very reminiscent of gambling where you know exactly what you are gonna get: all or nothing.

In my opinion, binary trading is for those who do not have enough time to monitor the market carefully. I think that you will be able to earn more if you just trade the most common way. Buy low then sell whenever you think is appropriate. But if you are earning through binary trading then I guess you could continue it.

Probably better to put this in Trading Discussion instead of gambling. As for what you'd prefer, it's ultimately up to you no sense in asking others what you should do lol. Might be better to just ask for pros and cons of both (or however many options you got) and decide from there. If you truly can't decide then I don't think picking or switching should be the first thing in your mind, it's understanding the market first. Since if you can't pick, it simply means you don't understand your current situation imo.

Honestly if you're profiting right now then I see no reason to move over.

What's with me that I have to agree with trading? and why would you ask that question as if we know better than you do? you can attest to yourself which is more profitable to you. If you have been there for a long time and you prove it to yourself that you're profitable according to you. We don't know what's better for you because it's only you that can answer you better choice.

Anyway, change the title into "trading" not treading. If I have to choose between the three, crypto.

In trading, yes, I agree, but for binary options, it's gambling; it's likely the same as you are playing slots, but if you are making a profit in binary trading, then good for you because not all are lucky to be profitable in binary options.


It seems that you don't know exactly what is binary option? It's totally a gamble; it is not the same as trading; it's likely the same as flipping coins, where you bet between front and back.
A binary option is the same thing you need to bet if the price is going high or low. So this topic also belongs in the gambling section.

It makes no sense to ask people to help you and suggest what you should focus on when you know what to do. Will you prefer to start something you have no clue about or focus on what you've been doing to give you a comfortable life? Honestly, I would understand if the other option is to learn a skill or getting a business started, gambling is not an abosolute profitable option to carry in mind. It bascially for luck which comes when you dont expect it. You can be very good at trading which leterally you claim you are, gambling on the other had have no expertise in it. Focus on your traidng while you see gambling as something you do for fun in your leisure time.

I know it's a little bit matter of luck. But everything depends on luck in binary?? In my opinion and in my life time experience luck is maximum time not depends on binary treading. Many time it's depends on your analysis mindset and proper setup's. You it's a kind of gambling those who don't follow money and risk Management. Without management it's a gambling beacose everyone can make profits but not everyone hold it. That's te reason people faces losses.

If you is profitable, why do you want to change it? May be you find your best job?
As for me - i`m bad in trading that`s why i don`t believe in all kinds of trading, include binary trading and cryptocurrency trading. So my advice - to continue binary trading and regularly cash out at least a part of bankroll, use money management and stop, when something goes wrong.

Traders will always tell you that binary option is not trading. Just know that it is not trading but gambling. In crypto, that is why you will see gambling sites offering it but crypto trading sites (I mean the exchanges) are not offering it. The Options in crypto trading which is more about Put and Cut is totally about trading and not gambling and not a binary option.

I often do trading activities in this crypto industry but not in the Binary category. I don't know, maybe that's why I don't like binary because I've seen it always being touched or connected to MLM business in which is I know that often it doesn't last long when the concept is like that.

At least this crypto trading has been helping me financially for several years, I've also been able to invest in some simple real estate and house and lot, though I don't earn much from trading instead just the right amount of profit.

The OP mentioned that he is profitable with the binary trading. So it means, you don't need to change your strategy or method, as long as it works for you. In trading, every person has their chosen type because it is where they feel they are more profitable or more comfortable doing it. Some will go to spot or futures, where they know they can get also their profits. At the end of the day, it is on you what path you will choose, trading or gambling.
As long as you are gaining profit, then, why do you need to change your route? Maybe, think of another path if you start losing and you don't know how to stop your losses. And that means, one way to alter the outcome, is to change your strategy or your route.

He sounds like guilty that he asks whether he should continue despite the guilt.  I'm sure he can justify whether guilt he feels as long as he uses the money he earn to good things.

Been doing binary trading as well, I find it profitable when the market is following a trend but if the market is just seesawing, it can be harder to predict the market in seconds t0 minutes chart.

You know that joy that comes from gambling especially in football betting is something you won't get from somewhere else. Well since your aim was for profits you might not really understand this. The problem you had in gambling that made you lose huge amount was that you were chasing after profit maximisation, and you were gambling with money that was bigger than what you were supposed to. Well everyone will have a different view as regarding this. We all can't succeed in one place, some can be lucky with the binary while others might be more lucky with betting in other sports. But both are still gambling because you put in your money and await the final outcome to be for or against you.

In whatever game, business or industry that you decide to play, what matters is that which I boldfaced – profitability. Stick to what works for you even if people don't understand why you should stick to it.

Why do you contemplate leaving binary for another while you're profitable in it like you exposed? Like I said earlier, if binary makes you money; stick to it. Except you aren't profitable in it. For me, I don't do binary. I do other forms of trading and I'm sticking to them. At the end what matters is profit making and not any form of titles as to who trades what.

It should be gambling, trading vs binary option, because crypto is just an asset, while forex is an exchange market.

Using crypto, you can gamble, trade or play binary option.

Sometime I feel like binary option can't be trusted because we don't know which market they use, different exchanges have different movements because the traders are different too.

I see binary option is more like crash games because we can choose the multipliers and we can get a big return if the price goes deeper as we predicted.

I personally never liked binary options, to be honest with you all, especially the way those websites dedicated to binary options were promoted on social media and even on YouTube advertisements, it made them look easier than it actually was.
To me there is not much difference between gambling and using binary options, because you would be taking a choice only based on your intuition and without have made any previous study on the market and the trend it is actually pushing the price of an asset downwards or upwards.
If you want to trade as one is supposed to do it, then I would recommend you to move onto the spot market, buy the dips and sell the tops, and also stay away from leveraged future orders, those are as well pretty much gambling.

I agree with you but I also don't understand this thing where he is in a profitable position why he wants to move to the other side where there is no guarantee whether he will make a profit or lose. Since he is in a profitable position in binary trading, he should hold on to it. It would not be right to lose this profitable system by thinking otherwise.

Binary option doesn't have a multiplier unlike crash game Binary option only has two choices either buy or sell the payout for every bet is1:0.98 it's a fixed payout the 0.02 could be a fee.

It is not the same as leverage or future trading that does have a multiplier. If you lose your bet the whole amount you bet is completely lose unlike in trading only a small percentage will be deducted if your prediction is against your will.

I will go by saying this first, go for what suites you, if you know more about binary trading and see more income in it from what you have said, then why disturb yourself on another thing you may only know little about.

When it comes to gambling, this is another thing entirely, you can't compare gambling to trading and we also have trading of different kinds, crypto trading, forex trading and so on as you have mentioned of binary trading, but they are not the same as gambling, I don't expect you to make money from gambling, instead for you to have fun and be well entertained, income generation should be expected from trading and this is if you know how to do it.

i guess op is trying to see if anyone would present some good cases and make him choose one over the other at the end of the day the last choice is yours and some people ask for advice just to choose the opposite at the end anyway because of stubbornness
if it’s sports betting then yes maybe you can gain some expertise on it but most games in gambling do not require any skills not in any way that trading does so do what you will with this information

If you're looking for stability and long-term growth, I would recommend forex trading. While the cryptocurrency market has high potential for gains, it is also very volatile and risky. Binary trading can be profitable, but its all-or-nothing nature is very risky.

Betting and trading share some similarities, such as probability analysis and risk management. However, I don't recommend trading as if it were a bet, or choosing your actions based on hunches.

For Biner I still classify it as gambling but for forex or crypto then it is trading for me although it cannot be denied that in crypto it is also a place to invest.

But for now for beginners especially for those who fomo sometimes use the trading feature in kriipto as if it were a gamble because they rely more on their instincts and beliefs in open positions in the sense that they don't know how to analyze the market and others but try to do it in the hope that what they set (in open positions) is correct.

That's obviously a mistake but they won't say they're gambling because they'll just say trading but it's definitely gambling to me.
It's not really recommended actually it's just that there are still people who use that especially those beginners and those who are more towards fomo in crypto.

When you make a profit in trading as you did in binary, you can continue to trade with it on a long-term scale if it is really profitable, but be aware that binary pure gambling, you can spend your money faster than you play slots.

I personally definitely prefer gambling compared to binary, i rather place a bet on sports and enjoy the match or play slots and enjoy every spin, although there is a risk of losing money, at least it is real entertainment.

If you intend to seek big profits in gambling involving a lot of money, then I think it is not a responsible gambler, because we know that gambling is just a place of entertainment, even if you get a win or jackpot, it's just luck, because basically gambling is mostly about luck. Regarding your question, I don't think it's wise to use binary trading to get money, because as far as I know it's similar to gambling, CMIIW. You should leave binary trading, and you should move to Crypto, especially Bitcoin, while other altcoins are still considered to have a very high risk compared to Bitcoin in my opinion, whatever you do you should be careful and vigilant so as not to fall into a deep hole of loss.

Even though binary or options trading isn't completely like gambling, it does have some resemblance with it, especially if you are doing binary trading in cryptocurrencies which we know are so volatile and unpredictable. So even if you have a lot of knowledge about the market and you know how to read candles and do technical analysis, you can still lose money in binary trading if the market moves against your predictions and we know that happens a lot in the cryptocurrency market.

I have seen people using different strategies in binary trading and making a lot of money in YouTube videos, but I have tried it myself, and at the end of the day, it's not always about the strategy you are applying or your knowledge, market will still beat you and you will eventually be at a loss unless you play it safe.

All in all, I don't think leaving gambling and getting into binary trading is a great step, you should try crypto spot trading, which is much safer than binary.

Forex is the same than gambling from my point of view, even is worst than gambling because Forex is not provably fair, that means you can't verify the result and you can't know if there is some manipulation behind.

From my experience with Forex I would say there is a high risk for losing your money, I prefer to stay away from It.

I think we are old enough to know that everything is gambling... Forex trading is probably more rigged than Roulette, but that's just my opinion. In roulette we at least know our chances, but when it comes to Forex anything can happen.

Ultimately, everyone makes their own destiny. While some people are better at trading, others are better at gambling, I guess each of us should try everything and hope that at least something will work.

Personally, I don't like binary options, and I agree with my colleagues who said that it's gambling and not trading. Do what you feel comfortable doing, just be careful not to risk everything you have, believing that you'll get rich easily with it.

You may be right, but remember not everyone that can afford to invest in bitcoin. Because most people prefer to go into something that can profit them within a short period of time, of which you and I know that Bitcoin investment  is not a get Rich quick scheme. Rather it requires a lot of time and patient before one can still profit from it, and you know most people can not be patient enough to HODL their bitcoin in the long run.Though you made a good suggestion by recommending him to go into bitcoin investment, of course bitcoin investment is more reliable than that of trading because it has a low level of risk.

IMO some types of trading are gambling. It's not black or white and depends on your style and amount of risk you're willing to take. Many people are wrong by claiming that trading is not gambling and then they trade with 50x leverage where $500 move in bitcoin liquidates them completely and bitcoin can go up and down by 5k a day :D

All markets are manipulated and you can see that by what happened to bitcoin after Trumps strategic reserve announcement and some people traded that and went long with leverage and got destroyed a few hours later by some rich manipulators.

Binary trading is actually almost similar and considered gambling because you will guess the price of an asset with the risk of losses all the capital used, don't you think that this can also be said to resemble lottery?
Trading is buying and selling activity and the risk can also be minimized because when there is price drop you can sell it by accepting some losses or saving the assets that are decreasing, binary has much greater risk than trading crypto assets and it is very speculative.
Personally, if I were allowed to choose, I would prefer to gamble in casino rather than do binary trading.

I was into binary options, but a long time ago. I had the illusion that it was very similar to trading. In fact, it is partly true. Binary options have some similarities with trading. They use a fragment of the underlying asset chart during the time until the binary option expires. There are even very short binary options, only 1 minute or even 30 seconds long. There are long binary options a quarter long. There used to be one interesting British gaming platform where you could bet money on a variety of binary options and I spent a lot of time on that platform. But by and large, if we are talking about earnings, then there is little that can compare with crypto trading. Unfortunately, this is true.

Yes, you should leave binary option and move to crypto but don't take forex as the option. I suggest you use crypto to make money but you are gambling just to have fun and not make money.

You can not rely on gambling to make money while binary trading is similar than gambling. But if you insist to try binary trading, you can still do that but you must accept whatever will happen later.

In binary trading, you just guess where the price moves in the next second, minutes, hours. So that is part of gambling because you just guess or if you can analyze the market, maybe you can get your luck. But be careful.

It is true that not everyone can invest in Bitcoin. However, I assume that from the OP's story, it seems that he has enough income to do so, and I think he also has the awareness to choose a fairly safe income, so I suggest that you should enter crypto, especially Bitcoin, and I'm sure you also agree with me on this. Regarding the risk factor, I think it depends on the principles that each person has, if the OP or anyone is ready to accept the volatility that will be experienced in Bitcoin, then that's good, and if you can hold it in the long term then it's very good for future prospects, and be sure that Bitcoin is the same as gold, or even more than that.

It is so good that you were able to quit gambling after making huge losses. Decision like these is what you need to make by yourself and not for other people to decide to you, the only thing you need the opinion of others is wen you are not doing whatever you are doing the right way. Gambling , binary trading, forex trading and crypto are all risky.

 As for gambling if you want to go into gambling you just need to play with the amount that you can afford to lose and never tp depend on it as a steady source of income.  If you want to go into any kind of the trading you first need to get a better understanding,  also need to trade with the money that you can afford to lose. In all understand risk first and don't take expensive risk.

Forex is also trading and if you consider forex as gambling then crypto trading is also gambling, even crypto trading is riskier as the market is quite small and much more susceptible to manipulation.

I also trade forex although not regularly but I feel the opposite to you, forex trading is much fairer and clearer than crypto trading, gamble, binary.

To me, forex and cryptocurrencies are not gambling although there is no denying that they have some similarities to gambling. But binary is a form of gambling in disguise, so I would rather gamble than trade binary.

Trading is just the same thing with gambling, because you are still going to experience more losses. Since you have already experience losses in gambling it would have been more better for you to stop the two at once, because there is no difference in both of them. However, I would advise you focus on Bitcoin investment because among all the cryptocurrency Bitcoin is more reliable and profitable than any other investment.

Their is a saying that stick to what works for you, it is a very short statement but it has a lot in meaning, everyone knows what works for them, while I am not a big fan of gambling because I hardly have a luck in it, I am more on the losing end than winning, so if I was able to win at least once or twice, I wouldn't call my gambling harbit to a halt, but as for trading, even though it very risky but I get more joy from it than gambling, because I am quite skilled in the craft and I know how to manage my risk properly, so it's almost difficult for me to blow my account now considering the level I am now when it comes to trading, so in my own opinion, I prefer trading more than gambling because it's what works for me.
As for the trading of binary that you said that it is working for you, I strongly share the same sentiment as Mr oshosondy, their is no point in changing when something is working out for you, because that might be the only winning formula that you may ever be seeking out else where.

For me trading in cryptocurrencies not far away from binary trading. It is too manipulating market to be fair. But i`m not a trader, i can mistake. Anyway, if the OP is lucky enough(or high qualified, if we`ll decide that it is trading) - it would be better to continue and remember that it is impossible to get 100% win rate. If it would be me, first of all i`d try my best to get back my deposit. After it it is possible to increase bet size, with cash out time by time.

Exactly. You are not a trader. That is the reason you do not know their differences. They are completely different. Binary option is gambling and not trading. Trading requires trading strategies but binary option requires what is required in gambling which is guess. The last time I tried binary on a crypto gambling site, it was even less than 5 to 15 seconds or so for the time given for the guess.

I can't really tell or advice on what to do because what you want to venture into is very risky and if you are not discipline, conscious and know how to manage things you will be in a very big mess so I can't advise someone in gambling and trading but however, the only thing I can say is always use that you can afford to let go and speaking of binary trading and crypto trading or forex they are almost the same thing if not the same because loss is common and inevitable and since you said you are making profit in binary trading already perhaps you should go ahead unless you don't longer make profit again.

I think these are very different areas and should not be considered together. I would advise you to see your investments as investments for the future, and I would advise you to see your gambling habit as a pastime. By the way, binary options are also the most common area for scams. I advise you to be careful and have a good day...

If we think broadly, then binary options trading, cryptocurrencies, or Forex trading is essentially gambling games too. So you should choose what you are more successful at (because you are lucky so far), unless of course you are an insider who does not need luck to make money in trading.

Therefore, your negative attitude towards gambling is a subjective emotion that grew out of a bad personal experience. Objectively, gambling is even less susceptible to manipulation than, for example, trading in cryptocurrencies.

Being careful is very important here when it comes to investment, trading and gambling, many have already taken the wrong approach on them all taking none for the other, while they are different from each other, learning is what we can't do without, because it brings us to knowing more about the things we do, there wouldn't have been mixed reactions for taking gambling been the same as trading if we had known about the two and how to safely enjoy them each on its own, there's nothing bad in combining them together, as long as we can manage to also differentiate them from each other as to what they all stand for, this will make us have the privilege of enjoying gamblingbor trading of any of it's kind.

I'll say you got lucky with the binary trading, and since you've seen profit, you could probably switch to  Bitcoin, which is more stable. Binary trading is more like the gambling you quit, you make predictions, and if you're lucky, you win; if not, you lose your money.

For some reason, luck has been on your side with binary trading, and if you've seen a substantial profit in the beginning. But now have thoughts and concerns, maybe it's a sign that you should shift from it a bit, and you could try crypto to see what comes out of it. Just know that the market in general is a risk, gambling, binary trading, crypto, whatever, just be prepared.

it's your choice if you want to move to crypto, forex, or want to go back to gambling. just choose what you are most comfortable with... because people's choices can be different, some say that they would prefer gambling to trading, or vice versa. so this choice may be relative to each person.

and if you are already comfortable in binary trading, maybe sticking to that is a better choice. but people say don't just focus on one thing, there's nothing wrong with trying your luck in crypto or forex. but always remember to only use money that you are sure of.

Gambling and binary trading are the same thing since both gambling and binary trading involve prediction, and if your prediction is wrong, you will lose your money, so tread carefully and use the money you can afford to lose when trading binary because the chances of you losing your money in binary trading are high. I lost a lot of money when I was still trading, so with the bad experience I had in trading, I don't in any way agree with trading since you can lose all you money unexpectedly. Why would you want to leave binary trading, where you are making a profit, and move to crypto or forex trading, where you are not certain of becoming successful? Just stick with the binary trading for now since it is profitable to you.

Just the same way you left gambling for binary trading due to the fact that you were losing more money in gambling, that's the exact same reason why another person is leaving Binary trading to focus full time on gambling too. Because the truth of the fact is that "stick to what works best for you", and If you have noticed that you are making much profits on Binary trading, then stick to it, while you can still sometimes give gambling a try by staking an amount you can always afford to lose. Because this thing called gambling, you need both luck and skill to be successful in it, and If you noticed you aren't making much profit from it at any particular time, you can always take a break, and come back later, rather than totally eradicating gambling, because you never can tell when it's will be your lucky day.

Gambling and binary trading are not the same thing. There's a very big difference between gambling and trading and the problem is that people see trading has gambling because they are unable to settle down to understand concept of trading and actually turn out profitable from it. 90% of the person's calling trading gambling simply don't understand the difference between luck and strategy.

Gambling is luck dependent unike trading which requires strategy and proper understanding of how the market works.

It's hard to find proper binary options on crypto these days. Seems like not many platforms are that willing to offer that service now. Instead they offer some pvp versions which are also ok I guess but quite variable in terms of what odds you can get.

Perhaps the version of binary options that done platforms used to run at a stable 1.8x was ending up being to risky for them especially since trading in markets isn't random. As much as it has entropy, there is still some patterns and predictability that could give someone an edge if they know making the right choice the majority of times had stable profit. After all you just have to predict up or down and the profits don't depend on how much it goes up or down.

Now with pvp games like binary options it's a fluctuating multiplier based on what everyone else is getting on. So it's still gambling but much less risky for the platform. Crypto trading and forex carry little to no risk for the platform and indeed are just trsiding, although very risky.

Trading binary market is just like trading Forex market but this market is somehow technical because most of the assets traded are not actually real. Just imagine trading Volatility 75 or 50 when it's obvious that the asset is just real based on real world notation.
I have traded options and synthetic which I have finally come to notice that this financial market are easily manipulated and we don't really know the force behind the rise and fall of their price. There are still traders trading this options and some are still making significant profits from the market. Trading and gambling looks similar because that's what most traders are doing claiming they are actually gambling.

If you think binary trading has a strategy that traders use to get their predictions right while gambling is just based on luck, you might be wrong. I want you to understand that there are a lot of people who have made gambling part of their source of income, and they have a strategy they use when they are gambling, and it has helped them in so many ways to win their bet and become successful in gambling. There's one Nigerian gambler who normally posts his predictions on X, and I have seen him win millions of Naira on several occasions with his strategy.

I have never been into binary options, so I can't tell you about them.

However, if you have been into binary options and have been successful, then the question arises... Maybe you should continue doing them? If some activity brings success, it may make sense to continue doing this activity.

As for cryptocurrencies (investing and trading), in my opinion these are very promising areas for making money.

Another thing is that this area is very competitive, and in order to succeed you will need new skills and abilities. In order to acquire them, it may take a lot of time and effort.

Realistically, it does not matter what kind of service or what kind of webpages we would be talking about. The host barely is at risk and are always making money thanks to the volume of the gamblers and traders. So what websites look for at the end of the day is to reach up to as many people as possible on the internet.

Personally, I would rather not to partake on cryptocurrency options and just try my luck on the spot market, and not to touch the future markets or which are heavily leveraged and are riskier.
By the way, forex has much to do with geopolitics, so one needs to pay attention to news and geopolitical happenings around the world and according to the country/Fiat one is planning to long or short.

Still, in the end of the day, brokers take their slice of the volume.

Gambling and trading are every different but most people apply the same techniques and what do I mean by this. There are traders that are very wreckless when it comes to trading the market, they take huge risks and don't follow the principle of risk management. Not doing all of these in trading can be a form of gambling. Instead gambling I would prefer to trade becus trading works for you Based on your knowledge and information. Acquiring these informations might not really be easy, it takes time and effort but when you finally master it you will become a skillful trader.

so first of all it called trading friend hehe

Binary trading is just similar like gamble in my opinion and also binary is not like real trade and its derivative product of trading heck just do quick google search "Binary trading is often considered very similar to gambling, particularly due to its high-risk nature, simple "yes or no" prediction format, and potential for large losses with minimal chance to manage risk, making it more about chance than informed investment strategy; many regulators even classify it as a form of gambling, especially when traded on unregulated platforms. "

Simple term it think binary is 11.12 like gambling

and you said it is profitable why you want move from the binary?

I am very glad that someone thought of creating such a topic, because this question worries many people and the opinions are very ambiguous. And I, as a person who has been trading for a long time and has been gambling for a long time, have my own opinion about this.
I want to say right away that the main difference is that Trading does not cause any addiction. Whether it is Trading on Forex or on cryptocurrencies. But gambling has a very high chance of causing addiction in a person due to its ease.
Also, in trading there are plenty of strategies, due to which a person can manipulate his trading position and try to get a profit from it a little later. In gambling, if a person starts to lose, then he is very unlikely to be able to somehow manipulate his position and will most likely end up losing.

No, i understand what it means and how it works. I wanted to say mostly about cryptocurrency market. It is too manipulative as for me. For example just yesterday i read that Binance send cryptocurrencies to marketmaker wintermute to dump market. I don`t know who is it, but if one or two exchanges can change the market seriously - i don`t know what strategies we can use.
PS. As i said, i`m not trader, but have to read a lot about cryptocurrencies and that`s why i read something about trading. May be it is silly, i can`t analyze it correctly.

Binary option is gambling and not trading. You should make money from the trade you make and not from the time predicted. Binary option is about making profit or loss through the time predicted and not that you are trading any coin.

This is true. But we should also consider the percentage of traders that are losing. They are almost the same. Less than 10 to 15% of traders are making money while 85 to 90% are losing just as it is in gambling.

Gambling and binary trading are working hand in hand,predicting if a price of an asset will go up or down is just as placing a bet.The chance of cashing out in binary trading is very thin,you loss when your predictions are wrong.
I would have advised you to go into crypto trading but I won't because you just made it clear to us that it have been very profitable to you.When you start trading crypto you will no longer be in the 'scope of predictions',you will move to another dimension entirely,that doesn't mean you won't gamble anymore but not with the intention of making an income from it.Trading crypto is not as easy as anyone would think but it's better than the both you just listed.

Well, addiction can be seen from various angles. Trading to do many people is gambling, which I've spoken against on so many threads. We have so many successful traders out there but I don't think there's is any gambler that has been successful through gambling except maybe he once had money from businesses or such.

I can tell you from experience that one can as well get addicted to trading same way they get addicted to gambling. But the difference is that, being addicted to gambling will ruin you alot dur to so many uncounted losses.. but trading, when you are addicted, and have a good strategy to back your trading plans, you are literally improving your consistency in a way as you begin to get used to the market behaviour and understand it.

I think it'll be quite good for you to make your own decisions, because nothing good when you take your own decision on something. However, since you have already decided to stop gambling due to often losses it's good because engaging in something that doesn't bring profits for you is actually wrong. However, since you have already gotten profits from binary trading I would advise you stick to the strategy that you are using, because jumping from one place to another would going to result to more losses.

Actually is not all about support, because there are people who are into trading, why most people are also into binary so is All about choice. So I will advice you go for anyone you think is easier for you, that is also less risky. to be Frank with you I can't recommend anyone to go into trading or binary. But since you said that you have been making profit from binary seems you're very good in that aspect.

Trading is not going to be any different, you will also incur losses in trading depending on your application of risk management and knowledge. I wouldn't advice anyone that's recovering from gambling to start trading, even if you plan on doing it give yourself a little break and enough time to discipline yourself. If you go into the market with all of that energy and regret you might end up losing x2 of what you lost in gambling. If gambling is something you quit recently don't start trading right away, learn first and develop your strategy, build focus and consistency. Anything you intend to do just try to gain knowledge first.

I would like to say that in trading many people know such a strategy as martingale, this is when each new position has a larger volume than the previous one, for example, by 20%. Also I know that in gambling this strategy is also often used. Although, I know that it is initially unprofitable, because it does not take into account the so-called Player's Error.
This is the name of the phenomenon when a gambler or trader thinks that according to probability theory, if he has been unlucky many times, then the probability that he will be lucky now increases. Although, in reality, it does not work that way.

I agree that for someone who is recovering from gambling, to start trading is a bad idea. Following your answer, even in the case someone learns the fundamentals, develop a solid strategy, etc. there is always a component of chance, like in gambling, and the impact of that component can't be neglected in most cases (unless your strategy is being a broker or so instead of a trader, who wins money regardless of what happens in the markets).

I don't know why some people thinks that trading is same thing as gambling, they fail to realize that trading has a good option over gambling. OP doesn't have to see gambling as a source of income but should rather handle it as a fun activity, they don't need to handle it as if they are investing into anything. Some people are traders and also gambler, they can take trading as a source of income but not gambling.