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Economy => Gambling discussion => Topic started by: arpon11 on August 24, 2019, 06:52:45 PM



Title: What is the difference between binary option and gambling?
Post by: arpon11 on August 24, 2019, 06:52:45 PM
I always measure gambling from the level of risk and reward and i do believe that, this is the reason why cryptocurrencies traders, binary option traders, and forex traders are been referred to as gamblers by those that did not know how there work, as it is possible to have your entire accounts wipe out if you take risk with all your funds and at the same time it is also possible to double or triple your funds by just small movement in you favour.
It is almost impossible to come out with profits in binary options and a lot of strategies are out there and I have tried many of them. One thing is very common and that is: the gambling companies keep making money and binary option websites owners are among millionaire in their countries. My question is that,  is binary options part of the gambling industry as it deals with betting?


Title: Re: What is the difference between binary option and gambling?
Post by: carter34 on August 24, 2019, 07:21:33 PM
You have answered so many questions you are trying to ask by yourself except that you want more contribution and the actually difference. The point is life is all having to do with risk. Whatever
business involves risk, whether physical or online. Therefore, gambling has no indicators while binary, forex, stock etc are involving indicators as guiding principle and they are mainly about the economy, so they are not the same with gambling.


Title: Re: What is the difference between binary option and gambling?
Post by: akram143 on August 24, 2019, 07:24:42 PM
Binary option trading is simply a gamble but the difference is we have the data for the product which we are going to be into in binary trading so we can come into the conclusion for ourselves whether the prices will reach that level or will fall under that but in most games in gambling the results are completely unknown until it happens.


Title: Re: What is the difference between binary option and gambling?
Post by: Oilacris on August 24, 2019, 09:16:51 PM
I consider Binary options to be somewhat in level with gambling.BO does simply need for you to guess on what would be the price of a certain asset on a specific period of time.

With having some knowledge and skills towards trading you can somewhat do took advantage but yet we know that price movements aren't really that predictable no matter how good the analysis we had.So in short its somewhat mixed or does require some luck.


Title: Re: What is the difference between binary option and gambling?
Post by: Fedice on August 24, 2019, 09:45:02 PM
They both function the same way and with similar outcomes. The reason there is Betting, Binary Trading, and Forex Trading is because of humans inability to predict the future events correctly, and our continuous willingness to try our luck at profiting from the uncertainty. There is no better name to that than Gambling.

Some times, it falls in our favor, other times, it doesn't. No matter the set of data we rely upon, the results will always be similar. There are punters who rely on skills just as Binary traders. Still, the outcome will never be guaranteed.



Title: Re: What is the difference between binary option and gambling?
Post by: Polar91 on August 24, 2019, 10:03:38 PM
For me, it's more on betting rather than any other you can call it. The reason is that, it's a matter of luck most of the time. Binary option focuses in a short period of time frame thus it's difficult to win against volatile movement of chart. Even if you analyze correctly, if the market turns against your position even with just a single candle then your call is already dead, wiping the quantity of your money you put for that certain call.


Title: Re: What is the difference between binary option and gambling?
Post by: Rozita on August 24, 2019, 10:25:00 PM
In my opinion is Binary option is a kind of gamble. In both Binary option and gambling you are predicting an outcome and you are risking your money. So there is no difference. But some people believe that Binary option is not gambling and it's different. They believe that binary option investors are skilled people. They study market trends and analysis charts. But Gamblers are emotional people that just hope they predict the outcome right.
I think, however the people involved in binary options and gamble might be different, the nature of both is completely same. In both you are predicting something that no one knows the outcome. So, they are same as each other and we can call binary option a kind of gambling.


Title: Re: What is the difference between binary option and gambling?
Post by: arpon11 on August 25, 2019, 06:02:01 AM
You have answered so many questions you are trying to ask by yourself except that you want more contribution and the actually difference. The point is life is all having to do with risk. Whatever
business involves risk, whether physical or online. Therefore, gambling has no indicators while binary, forex, stock etc are involving indicators as guiding principle and they are mainly about the economy, so they are not the same with gambling.
I am not new to both binary options and gambling but just want to find out if what I am having in my mind is actually truth! Remember that binary options entails analysis and since is a bit of forex and stocks trading movements predictions it is not all about luck . You may have a good strategy or knowledge on both fundamentals and technical indicators that may makes you money. In gambling I have not see any such technique and since I have been gambling I completely depends on luck and risk.


Title: Re: What is the difference between binary option and gambling?
Post by: MonsterV on August 25, 2019, 06:18:48 AM
You have answered so many questions you are trying to ask by yourself except that you want more contribution and the actually difference. The point is life is all having to do with risk. Whatever
business involves risk, whether physical or online. Therefore, gambling has no indicators while binary, forex, stock etc are involving indicators as guiding principle and they are mainly about the economy, so they are not the same with gambling.

Gambling is not a matter indicators or not, but gambling is only a matter of perspective. When you bet by only relying on luck then you are gambling, different if you bet with analysis or careful thought then it is not gambling. And not only that, gambling has a very familiar system that is when you lose you will lose all your money and it is in binary options. Well, I'm sure binary options are one gambling under guise trade, if you don't believe it, please seek a license from binary sites, I'm sure their legality is a gambling site.


Title: Re: What is the difference between binary option and gambling?
Post by: TopT3ns on August 25, 2019, 07:01:19 AM
In my view, maybe almost same. What make it different is binary option is a skilled gambling that require us to analyze to where price will be. Maybe almost like sportsbetting game that we can analyze the game and make decision. Not like dice game which actually when we use any strategy, if we not luck we still lose in game. But in the end, Binary options , common gambling games will make people lose money. So play it wisely and don't let gambling take control of your life.


Title: Re: What is the difference between binary option and gambling?
Post by: Rozita on August 25, 2019, 08:10:53 AM
I am not new to both binary options and gambling but just want to find out if what I am having in my mind is actually truth! Remember that binary options entails analysis and since is a bit of forex and stocks trading movements predictions it is not all about luck . You may have a good strategy or knowledge on both fundamentals and technical indicators that may makes you money. In gambling I have not see any such technique and since I have been gambling I completely depends on luck and risk.

You are right about the knowledge binary option investors have. Yes, they have knowledge about fundamentals and technical indicators. But what do they analyze?
They analyze the charts and market trends. They see a pattern and predict what will be the a price in a certain time.
Now consider gamblers that predict football matches. How do they predict the matches? Do they only try their luck without any study? Many of them are skilled people with knowledge about analyzing football matches. They pay attention to the past matches of the team as well binary option investors pay attention to the past patterns and charts. Both of them study. Both of them are skilled people.
I admit that there are many gamblers that play only for fun, but that not cause us to think gamblers are unskilled people. There are many skilled gamblers.
Generally, I believe binary option investors gamble.




Title: Re: What is the difference between binary option and gambling?
Post by: sheenshane on August 25, 2019, 08:16:32 AM
The concept of binary option in trading just like gambling but the whole thought are both risky, so let's start with this --trading, this is clear that the financial instrument with a strategy that has a positive expectancy. In short, you even don't know the stock very well, an option on a volatile stock or hard to value one and there is you don't know either long term or short term and can work with indicators.

While in gambling,--betting on an uncertain outcome and trade any financial instrument without a strategy that has a positive expectancy. While this gambling is very opposite to binary option and I think they had a difference between these two methods of earning money both risky but if you know how to work strategy, skills, and indicators, then, you will lessen the risk.


Title: Re: What is the difference between binary option and gambling?
Post by: kryptqnick on August 25, 2019, 09:52:34 AM
I always measure gambling from the level of risk and reward and i do believe that, this is the reason why cryptocurrencies traders, binary option traders, and forex traders are been referred to as gamblers by those that did not know how there work, as it is possible to have your entire accounts wipe out if you take risk with all your funds and at the same time it is also possible to double or triple your funds by just small movement in you favour.
It is almost impossible to come out with profits in binary options and a lot of strategies are out there and I have tried many of them. One thing is very common and that is: the gambling companies keep making money and binary option websites owners are among millionaire in their countries. My question is that,  is binary options part of the gambling industry as it deals with betting?
I think the answer largely depends on the definition of gambling. For most terms, there are various definitions, and nowadays we live in a world where the limits of different areas are getting more and more blurred. One could say that gambling is only when you take your chances irrationally when there are no skills that can affect the result, whereas trading is a profession. But then there are games like poker in which you can become a professional and earn money. Does it still count like gambling then? At the same time, trading offer involves such a high risk that your skills play a very small part in it. This seems to be especially true with binaries since there's a house edge, according to this guy, and so the house wins in the end: https://youtu.be/nXHdoXJ9h5M?t=189.


Title: Re: What is the difference between binary option and gambling?
Post by: TheUltraElite on August 25, 2019, 10:05:06 AM
You may think that binary options need predictions like trading which makes it different from gambling but this is a misconception. I do not consider binary options as something that can be provably fair. From the experience of other players here what I have learnt is that day trading is something different from spot trading and from binary options. Do no confuse day trading or spot with binary. The first two need analysis and a lot of homework on the part of the trader.

Binary options is just like a dice game. Moreover majority of site providing them which are promoted in social media are borderline scams. Maybe you heard it there. I would not suggest them at all.


Title: Re: What is the difference between binary option and gambling?
Post by: romero121 on August 25, 2019, 10:34:29 AM
Binary option trading looks almost same as the way we gamble. From my view with binary option trading users predict on the investment. The growth could happen in the right or go down after specific time. This could get profit or lead to loss, whereas with gambling we go with two odds winning and the losing odds. If the prediction we made happen by the end of the game it gets an earning apart from the bet amount. Both are almost the same, but on what we predict matters. This doesn't mean binary option trading isn't part of gambling industry.


Title: Re: What is the difference between binary option and gambling?
Post by: noormcs5 on August 25, 2019, 10:59:05 AM
You have answered so many questions you are trying to ask by yourself except that you want more contribution and the actually difference. The point is life is all having to do with risk. Whatever
business involves risk, whether physical or online. Therefore, gambling has no indicators while binary, forex, stock etc are involving indicators as guiding principle and they are mainly about the economy, so they are not the same with gambling.

Forex and stocks may have indicators but binary trading is close to gambling. The indicators do not work well in the binary options. You can call it skilled form of gambling where a gambler has to predict right or wrong and there is nothing in between. This is different for the trading which normally traders do at the exchanges.


Title: Re: What is the difference between binary option and gambling?
Post by: Ararbermas on August 25, 2019, 11:22:09 AM
For me they are almost the same because in binary trading and gambling we used the same activities.  Which is we predict also and hoping something good with it ,and the degree of risk that attached on them are the same..  But i agree also that there is a deference, such  studying the market wherein not exist on gambling in my opinion.  .





Title: Re: What is the difference between binary option and gambling?
Post by: Ucy on August 25, 2019, 03:22:17 PM
Which is riskier: cryptocurrency, Forex or Stock Trading? Well, in my experience, I find cryptocurrency trading more rewarding. So, it's a better skill-based "gambling". It's a bit more balanced between winning and losing.

Binary option is definitely a more difficult skill-based gambling


Title: Re: What is the difference between binary option and gambling?
Post by: Tipstar on August 25, 2019, 03:46:30 PM
I always measure gambling from the level of risk and reward and i do believe that, this is the reason why cryptocurrencies traders, binary option traders, and forex traders are been referred to as gamblers by those that did not know how there work, as it is possible to have your entire accounts wipe out if you take risk with all your funds and at the same time it is also possible to double or triple your funds by just small movement in you favour.
It is almost impossible to come out with profits in binary options and a lot of strategies are out there and I have tried many of them. One thing is very common and that is: the gambling companies keep making money and binary option websites owners are among millionaire in their countries. My question is that,  is binary options part of the gambling industry as it deals with betting?

There's not much difference between a short term binary option and a dice game but when you consider a binary move of 10 minutes or larger, it could easily be predicted with the current market trend and new news that could influence the market. Even a short term options can be favorable on rapid bearish or bullish trend.


Title: Re: What is the difference between binary option and gambling?
Post by: noormcs5 on August 25, 2019, 04:30:07 PM
Which is riskier: cryptocurrency, Forex or Stock Trading? Well, in my experience, I find cryptocurrency trading more rewarding. So, it's a better skill-based "gambling". It's a bit more balanced between winning and losing.

Binary option is definitely a more difficult skill-based gambling

Traditional crypto trading, forex and stocks all are safe than gambling and binary options. Even leverage trading is not safe and you have more risk in leverage or marginal trading.

All the things are more rsiky where luck is involved more than the skills.





Title: Re: What is the difference between binary option and gambling?
Post by: target on August 25, 2019, 04:35:22 PM

You are playing binary option in the trading platform so basically you are a trader in the market but betting to which the trend is going in a given time frame. I would still consider it trading if you are using the broker's platform. If you play the binary option in a Casino that I think would be considered gambling. :)  


Title: Re: What is the difference between binary option and gambling?
Post by: milewilda on August 25, 2019, 09:23:59 PM

You are playing binary option in the trading platform so basically you are a trader in the market but betting to which the trend is going in a given time frame. I would still consider it trading if you are using the broker's platform. If you play the binary option in a Casino that I think would be considered gambling. :)  
Even if you are playing on a gambling site you can still see some brokers platform and take your decision from there which means its still tied up with your trading analysis unless if you do just bet for the price movement without any basing then its pure gambling but if you do apply some analysis with it then its not considered as gambling.Fairness of the platform will be the issue here yet price ticks should be based on top exchange.


Title: Re: What is the difference between binary option and gambling?
Post by: mersal on August 25, 2019, 10:49:17 PM
Which is riskier: cryptocurrency, Forex or Stock Trading? Well, in my experience, I find cryptocurrency trading more rewarding. So, it's a better skill-based "gambling". It's a bit more balanced between winning and losing.

Binary option is definitely a more difficult skill-based gambling
Actually all kind of investments are gambling but the skill part decide which is is safer but we cannot ensure profits for any kind of investments when it does have a unpredictable future.When it comes to binary option trading there is no difference with that compared to gambling since it just based on the circumstantial results.


Title: Re: What is the difference between binary option and gambling?
Post by: maydna on August 26, 2019, 12:30:37 AM
I always measure gambling from the level of risk and reward and i do believe that, this is the reason why cryptocurrencies traders, binary option traders, and forex traders are been referred to as gamblers by those that did not know how there work, as it is possible to have your entire accounts wipe out if you take risk with all your funds and at the same time it is also possible to double or triple your funds by just small movement in you favour.
It is almost impossible to come out with profits in binary options and a lot of strategies are out there and I have tried many of them. One thing is very common and that is: the gambling companies keep making money and binary option websites owners are among millionaire in their countries. My question is that,  is binary options part of the gambling industry as it deals with betting?

When it's called trading, it's not gambling, that is not the same. Binary options are not part of the gambling industry as if we know how to do binary option, and we could make a profit. While in gambling, even we know how to play, it doesn't mean we can always win because gambling will need one more thing, which is luck inside the games.

Both binary options websites and gambling website owners make huge money from the business, but each people on each business are making money too. But I think the percentage of every people in each business will be bigger in binary options than the gambling industry. I think the difference between binary options and the gambling industry is we can learn on each business, but the chance to make money will be bigger on binary options.


Title: Re: What is the difference between binary option and gambling?
Post by: swogerino on August 26, 2019, 08:02:21 AM
The only real difference is that in binary options you can read some news talk in different chats about the bet you wanna make and can have a better view of the market.In gambling you can do the same but opinions from different person will very different compares to binary options where you will not see such difference.


Title: Re: What is the difference between binary option and gambling?
Post by: Dread Pirate Roberts on August 26, 2019, 09:00:03 AM
It is almost impossible to come out with profits in binary options and a lot of strategies are out there and I have tried many of them. One thing is very common and that is: the gambling companies keep making money and binary option websites owners are among millionaire in their countries. My question is that,  is binary options part of the gambling industry as it deals with betting?
Binary options are no different from gambling because there are no other market factors that affect user trading. their system looks like forex or stock trading. but actually far from trading. buy and sell users depends on the luck and algorithm of their binary apps system. there are still many who consider binary options as stock trading. even though it's not . its pure gambling system.


Title: Re: What is the difference between binary option and gambling?
Post by: omonuyak on August 26, 2019, 09:53:44 AM
The only real difference is that in binary options you can read some news talk in different chats about the bet you wanna make and can have a better view of the market.In gambling you can do the same but opinions from different person will very different compares to binary options where you will not see such difference.
If you talk about speculations I think there are the same and news can affect both the mind of those that are interested in either gambling or betting. In betting or binary options, the probability of winning is there than in gambling because we can use support and resistance to do put or ask!


Title: Re: What is the difference between binary option and gambling?
Post by: Indamuck on August 26, 2019, 11:41:04 AM
Trading at least requires some knowledge and skill unlike gambling which is purely luck.  Exchanges that do up to 100x leverage have become very popular recently and have lead to a lot of people being liquidated of all their bitcoins.


Title: Re: What is the difference between binary option and gambling?
Post by: yesyes18 on August 26, 2019, 04:01:34 PM
I think betting/gambling is an umbrella term covering a wide range of predictive games or activities. Binary option trading, sports betting, lottery and so many other things are all categorized under gambling so I don't think you can clearly strike a difference between the two you asked.


Title: Re: What is the difference between binary option and gambling?
Post by: arpon11 on August 27, 2019, 05:46:09 AM
I think betting/gambling is an umbrella term covering a wide range of predictive games or activities. Binary option trading, sports betting, lottery and so many other things are all categorized under gambling so I don't think you can clearly strike a difference between the two you asked.
I think there is a wide range of different between gambling and binary options and many people that do trade binary options that I know donít see themselves as a gamblers but traders. Some even referred to themselves as a forex traders or stocks traders! The rate of risk is another areas you should look at. In gambling you cannot have any strategy that will keep putting money in your pockets but binary options market can be a bit predictable and though it is risky but the risk is quite understandable.


Title: Re: What is the difference between binary option and gambling?
Post by: TIDOVEE on August 27, 2019, 06:29:27 AM
I always measure gambling from the level of risk and reward and i do believe that, this is the reason why cryptocurrencies traders, binary option traders, and forex traders are been referred to as gamblers by those that did not know how there work, as it is possible to have your entire accounts wipe out if you take risk with all your funds and at the same time it is also possible to double or triple your funds by just small movement in you favour.
It is almost impossible to come out with profits in binary options and a lot of strategies are out there and I have tried many of them. One thing is very common and that is: the gambling companies keep making money and binary option websites owners are among millionaire in their countries. My question is that,  is binary options part of the gambling industry as it deals with betting?

you have made good points yourself. both binary options and gambling are games of chances- that involves risk. two things i only noticed about the two is that,those involved in binary options tend to predict more skillfully than gamblers,and many of them do not even see themselves as gambler but traders.look at leagues for instance, the both teams are there determined to win and anyone could be at the advantage of the other irrespective of whom you have trusted, all gamble at sites is outside there consent.


Title: Re: What is the difference between binary option and gambling?
Post by: shoreno on August 27, 2019, 06:39:16 AM

i think you already answered your own question because on your first sentence you said that traders ( binary , forex and others ) are refered to as gamblers  . i agree on it and your actually right when you say that . they refered as gamblers because both trading and gambling involved money and involves high risk because there is no possible way to predict the coins in an accurate fashion   . people will only prefer to trade more than they gamble or more than what they can afford to loose on gambling  .


Title: Re: What is the difference between binary option and gambling?
Post by: crwth on August 27, 2019, 08:39:56 AM
I haven't tried Binary Options but what I know is that you could do Longs and Shorts there as well. So you could increase your chances significantly when you analyze the market before anything else, like satisfying different conditions first before actively participating in a trade. If I'm correct, there is also a margin or leveraging in that? Not sure. I know that if you are currently trading, it's like leveraged trading like in Bitmex, etc.

For gambling, it is for entertainment purposes, not just the aspect of money. You are to gamble if you have money to risk and possibly lose. That's just it. You cannot have safety nets (depending on your strategy), and it's faster compared to trading because it's either you bet it all or not. That's just some of my opinion.


Title: Re: What is the difference between binary option and gambling?
Post by: DoublerHunter on August 27, 2019, 09:28:32 AM
Binary option and gambling are almost the same because for me it involves money that probably you put on risk. In Binary trading option, some people are willing to put a big amount that they are willing to lose not like gambling just for entertainment but the whole concept was involved money which either you have to lose or win. Nevertheless, even though they are the same risk but I think Binary option has an advantage than gambling because you can apply indicator on Binary option.


Title: Re: What is the difference between binary option and gambling?
Post by: DarkDays on August 27, 2019, 09:40:25 AM
Binary options are similar to gambling because they also have a fee, which one can compare to the house edge. However, you simply need to predict the price movement of an asset to determine whether it will go up or down (long or short). Because of this, unlike most gambling games, there is a skill element involved. This essentially means that skilled players (traders) can overcome the house edge by simply developing good predictive skills.

TLDR: Binary option require skill, gambling (usually) doesn't.


Title: Re: What is the difference between binary option and gambling?
Post by: ethereumhunter on August 27, 2019, 11:27:18 AM
I think betting/gambling is an umbrella term covering a wide range of predictive games or activities. Binary option trading, sports betting, lottery and so many other things are all categorized under gambling so I don't think you can clearly strike a difference between the two you asked.
I think there is a wide range of different between gambling and binary options and many people that do trade binary options that I know donít see themselves as a gamblers but traders. Some even referred to themselves as a forex traders or stocks traders! The rate of risk is another areas you should look at. In gambling you cannot have any strategy that will keep putting money in your pockets but binary options market can be a bit predictable and though it is risky but the risk is quite understandable.

That is the difference between the binary option and gambling.

But binary option can be gambling if we don't know about how to trade binary option and it only makes us gamble with luck. Both binary option and gambling will always be there, but we can minimize the risk for binary option if we have a skill or we can learn about binary option. But in crypto trading, if we have coins, and the coins price is down, we still have a chance to see the price will increase in the future.


Title: Re: What is the difference between binary option and gambling?
Post by: sheenshane on August 27, 2019, 11:38:56 AM
snip-
TLDR: Binary option require skill, gambling (usually) doesn't.
Even though the Binary option has required skills and technical analysis but in the end, they are the same with gambling thought. Yes, gambling requires only luck and maybe strategy but mostly doesn't work. A binary option is needed more capitals rather than gambling that you only spend an amount that you can afford to lose.

When it comes risk both of them has nothing difference, they are all very risky and the majority of the percentage is based on luck.


Title: Re: What is the difference between binary option and gambling?
Post by: dothebeats on August 27, 2019, 04:51:32 PM
Binary option for me is just like a form of gambling although with a lower sample rate for data that can be used for future positions whereas gambling is just basically luck playing out in your favor (unless it's sports betting wherein you can study a bit on your picks and win off of the data you have.) Personally, I'd pick pure trading and not just binary options. But between binary options and gambling, I'll choose gambling and sports betting specifically because you'll have more control over the risk you'll be playing rather than betting blindly and hoping for the best.


Title: Re: What is the difference between binary option and gambling?
Post by: target on August 27, 2019, 05:07:00 PM

You are playing binary option in the trading platform so basically you are a trader in the market but betting to which the trend is going in a given time frame. I would still consider it trading if you are using the broker's platform. If you play the binary option in a Casino that I think would be considered gambling. :)  
Even if you are playing on a gambling site you can still see some brokers platform and take your decision from there which means its still tied up with your trading analysis unless if you do just bet for the price movement without any basing then its pure gambling but if you do apply some analysis with it then its not considered as gambling.Fairness of the platform will be the issue here yet price ticks should be based on top exchange.

I'm pretty sure a trader will be looking at a chart when they play binary option so they are not gambling for they do have insights as to which way the trend goes in certain time frame. but if he isn't watching the chart, he sure is just guessing where the market goes. Some users playing binary option don't trust the brokers in crypto, they prefer the brokers in forex market where they can use the metatrader software. We've seen it many times crypto binary optoin brokers turned scam in the end.


Title: Re: What is the difference between binary option and gambling?
Post by: milewilda on August 27, 2019, 08:38:38 PM

You are playing binary option in the trading platform so basically you are a trader in the market but betting to which the trend is going in a given time frame. I would still consider it trading if you are using the broker's platform. If you play the binary option in a Casino that I think would be considered gambling. :)  
Even if you are playing on a gambling site you can still see some brokers platform and take your decision from there which means its still tied up with your trading analysis unless if you do just bet for the price movement without any basing then its pure gambling but if you do apply some analysis with it then its not considered as gambling.Fairness of the platform will be the issue here yet price ticks should be based on top exchange.

I'm pretty sure a trader will be looking at a chart when they play binary option so they are not gambling for they do have insights as to which way the trend goes in certain time frame. but if he isn't watching the chart, he sure is just guessing where the market goes. Some users playing binary option don't trust the brokers in crypto, they prefer the brokers in forex market where they can use the metatrader software. We've seen it many times crypto binary optoin brokers turned scam in the end.
No, meta trader software is the primary thing to be downloaded in all brokers out there and this is most likely with forex platforms and you are right this is way much more better preference than on-site price tickers but somehow there are platforms using top exchange tickers like this one https://betinance.com/.


Title: Re: What is the difference between binary option and gambling?
Post by: EdenHazard on August 27, 2019, 09:33:14 PM

You are playing binary option in the trading platform so basically you are a trader in the market but betting to which the trend is going in a given time frame. I would still consider it trading if you are using the broker's platform. If you play the binary option in a Casino that I think would be considered gambling. :)  
Even if you are playing on a gambling site you can still see some brokers platform and take your decision from there which means its still tied up with your trading analysis unless if you do just bet for the price movement without any basing then its pure gambling but if you do apply some analysis with it then its not considered as gambling.Fairness of the platform will be the issue here yet price ticks should be based on top exchange.

I'm pretty sure a trader will be looking at a chart when they play binary option so they are not gambling for they do have insights as to which way the trend goes in certain time frame. but if he isn't watching the chart, he sure is just guessing where the market goes. Some users playing binary option don't trust the brokers in crypto, they prefer the brokers in forex market where they can use the metatrader software. We've seen it many times crypto binary optoin brokers turned scam in the end.
Basically the binary option service itself is a scam , it's a fraud work behind what they call as trading ... bullshit. The chance for a binary option company to manipulate the software is pretty much high , actually there's too much undisguised manipulations , everyone can feel ot once they get in the game.

Pretty much i prefer to go straightforward to gamble rather than get scammed by binary option. The difference is that clear.


Title: Re: What is the difference between binary option and gambling?
Post by: leowonderful on August 27, 2019, 10:26:13 PM
Binary options are definitely closer to gambling than they are to real trading, so I would definitely consider them gambling at the end of the day and I would much rather just trade on a normal exchange whether leveraged or unleveraged for legitimate profits. The lower timeframes are also much harder to predict than the higher ones, and I would definitely consider something like 1M and 5M to essentially be gambling just because of the noise present in those lower timeframes.


Title: Re: What is the difference between binary option and gambling?
Post by: milewilda on August 27, 2019, 10:32:39 PM

You are playing binary option in the trading platform so basically you are a trader in the market but betting to which the trend is going in a given time frame. I would still consider it trading if you are using the broker's platform. If you play the binary option in a Casino that I think would be considered gambling. :)  
Even if you are playing on a gambling site you can still see some brokers platform and take your decision from there which means its still tied up with your trading analysis unless if you do just bet for the price movement without any basing then its pure gambling but if you do apply some analysis with it then its not considered as gambling.Fairness of the platform will be the issue here yet price ticks should be based on top exchange.

I'm pretty sure a trader will be looking at a chart when they play binary option so they are not gambling for they do have insights as to which way the trend goes in certain time frame. but if he isn't watching the chart, he sure is just guessing where the market goes. Some users playing binary option don't trust the brokers in crypto, they prefer the brokers in forex market where they can use the metatrader software. We've seen it many times crypto binary optoin brokers turned scam in the end.
Basically the binary option service itself is a scam , it's a fraud work behind what they call as trading ... bullshit. The chance for a binary option company to manipulate the software is pretty much high , actually there's too much undisguised manipulations , everyone can feel ot once they get in the game.

Pretty much i prefer to go straightforward to gamble rather than get scammed by binary option. The difference is that clear.
Well, everyone had their own insights towards Binary options trading yet even on your part its a scam but there are still people who do engage to this binary thing.
Yes, you can eventually felt it when theres manipulation or everything sounds doesnt right while your are trading with it.I cant deny that high chances of manipulative ticks which will result to loss.This is one of the reason why i left BO.


Title: Re: What is the difference between binary option and gambling?
Post by: Bagaji on August 27, 2019, 10:57:46 PM
If one look at binary option trading and gambling holistically you will see that there is no much different between them since you the player is not privilege with some analytical tools to help you in making an inform decision before you participate in any of them.


Title: Re: What is the difference between binary option and gambling?
Post by: maydna on August 28, 2019, 01:27:38 AM
If one look at binary option trading and gambling holistically you will see that there is no much different between them since you the player is not privilege with some analytical tools to help you in making an inform decision before you participate in any of them.

But in the binary option, I am sure that there will be some analytical tools that can help us to make a profit. Binary option and gambling will be different if we can use the tools in the binary system because we don't depend on the luck itself, but we also know how to analyze the market.

Perhaps, if we don't have any sign in the binary option, then it is called as gambling because we cannot use any tools nor we don't know how to use the tools.

The other differences between the binary option and gambling will be the amount of money we use. In the binary option, we should have some amount to start, but in the gambling, we can use the faucet to start although we cannot bet in big money.


Title: Re: What is the difference between binary option and gambling?
Post by: Chrystora123 on August 28, 2019, 08:02:12 AM
I've tried several Binary Options platforms like IQ Option, FinRally, and OlymTrade the result is I suffered losses... indeed several times I had a big profit, but the loss I received was greater than the profit I made.

so I think the difference between Binary Options and Gambling is;

Binary Options -> PURE LUCK

Gambling -> 50% luck, 30% patience and 20% skill & accuracy

I'm not saying that Binary Options are bad, it's just that I don't recommend the platform :)



Title: Re: What is the difference between binary option and gambling?
Post by: iamsheikhadil on August 28, 2019, 11:21:19 AM
I can easily conclude that both are based on 100% luck.

While it may seem that Binary options are like somewhat predictable and can fetch easy money, it's not! You never know when the price can fall up or down within such small time limits! It's not like forex trading.

Many strategies like those shown in YouTube, indicators, but they all fail. It comes down to luck.

Sports betting is much more predictable than Binary option btw.


Title: Re: What is the difference between binary option and gambling?
Post by: Ucy on August 28, 2019, 12:01:51 PM

You are playing binary option in the trading platform so basically you are a trader in the market but betting to which the trend is going in a given time frame. I would still consider it trading if you are using the broker's platform. If you play the binary option in a Casino that I think would be considered gambling. :)  

Quote
If you play the binary option in a Casino that I think would be considered gambling

This made me laugh. I bet alot of things could easily be regarded as gamblings once they have casino attached to their names. The confusion stems from the fact that gambling is not properly defined. Alot of things we see as "gambling" do not really qualify as core definition of gambling


Title: Re: What is the difference between binary option and gambling?
Post by: emberbekas on August 28, 2019, 12:26:07 PM
I always measure gambling from the level of risk and reward and i do believe that, this is the reason why cryptocurrencies traders, binary option traders, and forex traders are been referred to as gamblers by those that did not know how there work, as it is possible to have your entire accounts wipe out if you take risk with all your funds and at the same time it is also possible to double or triple your funds by just small movement in you favour.
It is almost impossible to come out with profits in binary options and a lot of strategies are out there and I have tried many of them. One thing is very common and that is: the gambling companies keep making money and binary option websites owners are among millionaire in their countries. My question is that,  is binary options part of the gambling industry as it deals with betting?

We need to make a continuous analysis in binary options to be able to master the things we use in such habits. But, because most beginners who come to binary options don't have enough knowledge about how to handle their activities, they tend to gamble rather than trading. Frankly, the difference between gambling and binary options is very thin. Gambling like, sports betting is illegal in some countries, but binary options, mostly, is legal.


Title: Re: What is the difference between binary option and gambling?
Post by: imstillthebest on August 28, 2019, 12:48:39 PM
the difference between gambling and binary options is very thin. Gambling like, sports betting is illegal in some countries, but binary options, mostly, is legal.

Binary option is a kind of trading game so its normal that it is legal because trading is profitable , less risky and not considered as a kind of gambling whilst gambling , gambling is knowns to have a negative/bad reputation due to its higher risk and cant be consider as profitable at all, so alot of places and countries are restricting it

however gambling is still playable because it gives entertainment

. the legality and illegality issue is actually a big thing not slim  .


Title: Re: What is the difference between binary option and gambling?
Post by: barbara44 on August 28, 2019, 05:31:35 PM
snip-
TLDR: Binary option require skill, gambling (usually) doesn't.
Even though the Binary option has required skills and technical analysis but in the end, they are the same with gambling thought. Yes, gambling requires only luck and maybe strategy but mostly doesn't work. A binary option is needed more capitals rather than gambling that you only spend an amount that you can afford to lose.

When it comes risk both of them has nothing difference, they are all very risky and the majority of the percentage is based on luck.
I donít so much understand what you mean by they are both risky, gambling is not a risky game, itís an entertainment game that is luck based and I donít think that should be considered as risk, I have been gambling for 3 years now and I have not been under any unnecessary tension because of risk, I play my games for fun and I enjoy every bit of it.

I have a very little knowledge of binary options and do not know how risky it may be for those that are actually using it, but one thing that could probably make both look alike is the capital that is maybe probably involved. why one is risky because itís a business related one and the other one is played with joy because itís for entertainment.


Title: Re: What is the difference between binary option and gambling?
Post by: RivAngE on August 28, 2019, 08:47:36 PM
It is almost impossible to come out with profits in binary options and a lot of strategies are out there and I have tried many of them. One thing is very common and that is: the gambling companies keep making money and binary option websites owners are among millionaire in their countries.

The fact that you've tried multiple strategies you probably found online must be the main reason you've had a bad experience with loses.

Anything that is offered for free online and is advertised as a "winning strategy", is either (A) going to fail and become useless as soon as many people try to use it, or (B) it's a flat out scam attempt, purposely getting people to use failing strategies in order for someone else to win.


Title: Re: What is the difference between binary option and gambling?
Post by: Rozita on August 28, 2019, 10:30:35 PM
gambling is not a risky game, itís an entertainment game that is luck based and I donít think that should be considered as risk, I have been gambling for 3 years now and I have not been under any unnecessary tension because of risk, I play my games for fun and I enjoy every bit of it.
There are many people that don't gamble just for fun. There are many people that have lost huge amounts of money. There are many people that cannot their gambling habits. They spend a lot of time on gambling. For such people there is a high risk in every game they play. Gambling is very risky for such people as the outcome of the game can affect their life. There are many people lose in gambling, then try to recoup previous losses and finally lose all their money. Gambling is not just a fun for all the people. There are many people addicted to gambling.


Title: Re: What is the difference between binary option and gambling?
Post by: michellee on August 29, 2019, 05:37:18 AM
For me, there is no difference between the binary option and gambling because both binary option and gambling are trying to eat my money until it's empty. A binary option is more dangerous than usual trading that we do right now, and I do not prefer to trade binary option until now. Once I've been told that the binary option needs to learn many indicators to predict where the price moves and I cannot do that thing.


Title: Re: What is the difference between binary option and gambling?
Post by: SirLancelot on August 29, 2019, 06:43:58 PM
Binary option and gambling are almost the same because for me it involves money that probably you put on risk. In Binary trading option, some people are willing to put a big amount that they are willing to lose not like gambling just for entertainment but the whole concept was involved money which either you have to lose or win. Nevertheless, even though they are the same risk but I think Binary option has an advantage than gambling because you can apply indicator on Binary option.
I think you are looking more into the similarities than the differences as required by the OP.

If we are to look for similarities, there are a lot of it between both. They both require a startup capital even though what is required in binary option is much higher. The major difference is that most people who go into binary option do it as business and as a way to make money even though they understand the risk but most gambling players do it for entertainment.

For example, I have been gambling for 5 years now and I am only playing for fun, not minding what I loose but I canít do this with binary. But in binary option, I am always prepared to display my skills which are what it is all about.


Title: Re: What is the difference between binary option and gambling?
Post by: davinchi on September 02, 2019, 06:39:30 PM
If we are to look for similarities, there are a lot of it between both. They both require a startup capital even though what is required in binary option is much higher. The major difference is that most people who go into binary option do it as business and as a way to make money even though they understand the risk but most gambling players do it for entertainment.

For example, I have been gambling for 5 years now and I am only playing for fun, not minding what I loose but I canít do this with binary. But in binary option, I am always prepared to display my skills which are what it is all about.
I will say that that the difference you mentioned is also not a difference in my opinion because almost all gamblers go into gambling for money making and this is the same with binary options. There is no difference between both but rather more of similarity in your words. They both require money to begin and as well both games are risky even though some people believe that gambling is more risky than binary options.

I prefer gambling anyway because you can have fun gambling and also make money but binary options is strictly business and it is not my kind of thing. I love something I can participate, have fun and as well make money and that is definitely gambling.


Title: Re: What is the difference between binary option and gambling?
Post by: yesyes18 on September 02, 2019, 06:58:43 PM
I think betting/gambling is an umbrella term covering a wide range of predictive games or activities. Binary option trading, sports betting, lottery and so many other things are all categorized under gambling so I don't think you can clearly strike a difference between the two you asked.
I think there is a wide range of different between gambling and binary options and many people that do trade binary options that I know donít see themselves as a gamblers but traders. Some even referred to themselves as a forex traders or stocks traders! The rate of risk is another areas you should look at. In gambling you cannot have any strategy that will keep putting money in your pockets but binary options market can be a bit predictable and though it is risky but the risk is quite understandable.
okay I do get you but don't you think trading is also in a way betting or gambling? Personally i see everything that works on "predict and win" as gambling. All those things are a play on your ability to predict the future and you sure can predict it wrong buddy (that either makes you lose and someone win or vice versa).


Title: Re: What is the difference between binary option and gambling?
Post by: ethereumhunter on September 03, 2019, 06:55:36 AM
I think betting/gambling is an umbrella term covering a wide range of predictive games or activities. Binary option trading, sports betting, lottery and so many other things are all categorized under gambling so I don't think you can clearly strike a difference between the two you asked.
I think there is a wide range of different between gambling and binary options and many people that do trade binary options that I know donít see themselves as a gamblers but traders. Some even referred to themselves as a forex traders or stocks traders! The rate of risk is another areas you should look at. In gambling you cannot have any strategy that will keep putting money in your pockets but binary options market can be a bit predictable and though it is risky but the risk is quite understandable.
okay I do get you but don't you think trading is also in a way betting or gambling? Personally i see everything that works on "predict and win" as gambling. All those things are a play on your ability to predict the future and you sure can predict it wrong buddy (that either makes you lose and someone win or vice versa).

No, it is not the same as in trading. You need to have the skill to know where the trend of the coins moves. In gambling, you can play games without learning how to play with good. But maybe you are right if you say trading without skill, it is the same as gambling because we only predict without analyzing which coin that will increase. So it depends on how to treat trading and gambling itself.


Title: Re: What is the difference between binary option and gambling?
Post by: sana54210 on September 03, 2019, 08:26:28 AM
I will say that that the difference you mentioned is also not a difference in my opinion because almost all gamblers go into gambling for money making and this is the same with binary options. There is no difference between both but rather more of similarity in your words. They both require money to begin and as well both games are risky even though some people believe that gambling is more risky than binary options.

I prefer gambling anyway because you can have fun gambling and also make money but binary options is strictly business and it is not my kind of thing. I love something I can participate, have fun and as well make money and that is definitely gambling.
Point of correction, not most but all gamblers are into the game for the money. Donít be deceived by the so called playing for entertainment gamblers. They are only deceiving other players. I understand the aspect of gambling for money and as well having fun but what annoys me is when they say they are only into gambling for fun. Like seriously, how honest is that statement. You mean losing sometimes can make someone happy? That is really strange and sound very unbelievable.

Back to the post. There is no difference between binary option and gambling, it both takes a man that is willing to take risk to try out this two, it also request a business minded person to be involved with both which makes it very similar.


Title: Re: What is the difference between binary option and gambling?
Post by: carlfebz2 on September 03, 2019, 01:34:59 PM
My question is that,  is binary options part of the gambling industry as it deals with betting?
No it isn't part because there were legit binary option brokers and this isn't part of gambling industry.They are already considered as gambling since they do only have two options on how to win a binary bet.You can base of trading movements into actual market movements which means its not totally gambling that we know where luck is 100% needed since this one do have some basis.


Title: Re: What is the difference between binary option and gambling?
Post by: Ucy on September 03, 2019, 08:59:08 PM
You have answered so many questions you are trying to ask by yourself except that you want more contribution and the actually difference. The point is life is all having to do with risk. Whatever
business involves risk, whether physical or online. Therefore, gambling has no indicators while binary, forex, stock etc are involving indicators as guiding principle and they are mainly about the economy, so they are not the same with gambling.
I am not new to both binary options and gambling but just want to find out if what I am having in my mind is actually truth! Remember that binary options entails analysis and since is a bit of forex and stocks trading movements predictions it is not all about luck . You may have a good strategy or knowledge on both fundamentals and technical indicators that may makes you money. In gambling I have not see any such technique and since I have been gambling I completely depends on luck and risk.

Quote
In gambling I have not see any such technique and since I have been gambling I completely depends on luck and risk.


You should try skill-based gambling like sports betting, poker, etc... I think if you make thorough analysis of skill based gambling you could come up with predictable results.
 In sports betting for example you could analyze players past record, current form, preparations, skills, health, etc. I believe someone with enough information and good analytical skills could correctly predict many live Football matches.


Title: Re: What is the difference between binary option and gambling?
Post by: lixer on September 04, 2019, 12:32:46 PM
I will say that that the difference you mentioned is also not a difference in my opinion because almost all gamblers go into gambling for money making and this is the same with binary options. There is no difference between both but rather more of similarity in your words. They both require money to begin and as well both games are risky even though some people believe that gambling is more risky than binary options.

I prefer gambling anyway because you can have fun gambling and also make money but binary options is strictly business and it is not my kind of thing. I love something I can participate, have fun and as well make money and that is definitely gambling.
Point of correction, not most but all gamblers are into the game for the money. Donít be deceived by the so called playing for entertainment gamblers. They are only deceiving other players. I understand the aspect of gambling for money and as well having fun but what annoys me is when they say they are only into gambling for fun. Like seriously, how honest is that statement. You mean losing sometimes can make someone happy? That is really strange and sound very unbelievable.

Back to the post. There is no difference between binary option and gambling, it both takes a man that is willing to take risk to try out this two, it also request a business minded person to be involved with both which makes it very similar.
I am so surprised at your level of thinking. Maybe you should talk for yourself. I canít talk for everyone but one thing I am very sure of is that I am not into gambling to make money. I didnít really understand the monetary aspect of gambling until recently I got to understand it perfectly well. Before now I play and when I win, am glad, also when I loose I could try again or give a break but either ways I wasnít desperate. I know so many people like me that have very good sources of income and only play for fun with no intention to make money. Yes money could be won along the line but it is only a plus.

I do binary options and the reason I am there is strictly to make money, unlike gambling that I only play to be entertained, so this is a huge difference. One is for money and one is for fun.


Title: Re: What is the difference between binary option and gambling?
Post by: Icologies on September 04, 2019, 01:06:28 PM
I always measure gambling from the level of risk and reward and i do believe that, this is the reason why cryptocurrencies traders, binary option traders, and forex traders are been referred to as gamblers by those that did not know how there work, as it is possible to have your entire accounts wipe out if you take risk with all your funds and at the same time it is also possible to double or triple your funds by just small movement in you favour.
It is almost impossible to come out with profits in binary options and a lot of strategies are out there and I have tried many of them. One thing is very common and that is: the gambling companies keep making money and binary option websites owners are among millionaire in their countries. My question is that,  is binary options part of the gambling industry as it deals with betting?
if my option which is called betting or multiplying is called gambling, I am not sure about binary because I just heard it. I need to learn more about this binary.


Title: Re: What is the difference between binary option and gambling?
Post by: EdenHazard on September 04, 2019, 03:20:37 PM
Well, everyone had their own insights towards Binary options trading yet even on your part its a scam but there are still people who do engage to this binary thing.
Yes, you can eventually felt it when theres manipulation or everything sounds doesnt right while your are trading with it.I cant deny that high chances of manipulative ticks which will result to loss.This is one of the reason why i left BO.
Apologize for my extreme comment by the way :D

If you look at the binary option companies advertising style ... most of them are trying so hard convincing people through an exaggerated narration that for me personally tend to "clearly want to scam everyone"

They shows expensive sports car in the ad, showing how they could travel around the world easily and any other luxuries stuff just to make people lured to play there.

Come on .... making money is not that easy , a lot of my colleagues fall to this awful ad , they think it's just like trading whilst it's worse than gambling in other words you are giving away your money once you get in the BO site. Stay away the different pretty obvious  that :

Binary option = Scam service on behalf trading
Trading = buy and sell a real financial instruments


Title: Re: What is the difference between binary option and gambling?
Post by: virasog on September 04, 2019, 04:01:24 PM
Binary option = Scam service on behalf trading
Trading = buy and sell a real financial instruments

This explain it all. Many newbie traders think that binary option is part of trading and they think they are doing trading while actually they are not. Binary option is more relevant to gambling but most of the binary option sites are made to scam people. So it is better to avoid the binary options.

If you are a trader than do proper trading (No binary option) and if you are a gambler, do proper gambling ( No binary option) .  :)


Title: Re: What is the difference between binary option and gambling?
Post by: jostorres on September 04, 2019, 04:52:27 PM
You should try skill-based gambling like sports betting, poker, etc... I think if you make thorough analysis of skill based gambling you could come up with predictable results.
 In sports betting for example you could analyze players past record, current form, preparations, skills, health, etc. I believe someone with enough information and good analytical skills could correctly predict many live Football matches.
I donít believe in expertise when it comes to sport games predictions, from my experiences it never works. Some of the so called experts will always think because of their familiarity with the game, they could predict and it will come to pass but it is absolutely wrong, it is still uncertain until the game comes to an end. I remember the last bet I participated in and I paid an expert for predictions, it was so painful how I only 1 out of 10 games and the guy felt quit ashamed.

He looked surprised cos according to him, he was always been known for accurate predictions and from the moment I concluded it is still based on luck, I could have as well done it myself and still win that same one or even more game even with my lack of experience.


Title: Re: What is the difference between binary option and gambling?
Post by: davinchi on September 05, 2019, 11:19:35 AM
I do get you but don't you think trading is also in a way betting or gambling? Personally i see everything that works on "predict and win" as gambling. All those things are a play on your ability to predict the future and you sure can predict it wrong buddy (that either makes you lose and someone win or vice versa).
In as much as you cannot be completely rest assured on what happens the next minute, I am of the opinion that they all fall into gambling category because thereís an aspect of uncertainty with both and if you believe thereís a skill required for binary option, I will say that it is all the same with  gambling because to successfully hit jackpots in gambling you must have skills and that is what differentiate big players from players that are completely dependent on luck.

For me, I donít even do any, either gambling on binary option, I would either keep my money safe in a fixed deposit account and enjoy dividends or buy Bitcoin to hold. My experience with gambling has taught me to stay safe by quitting and investing in better things.


Title: Re: What is the difference between binary option and gambling?
Post by: panjul07 on September 05, 2019, 04:30:21 PM
I always measure gambling from the level of risk and reward and i do believe that, this is the reason why cryptocurrencies traders, binary option traders, and forex traders are been referred to as gamblers by those that did not know how there work, as it is possible to have your entire accounts wipe out if you take risk with all your funds and at the same time it is also possible to double or triple your funds by just small movement in you favour.
It is almost impossible to come out with profits in binary options and a lot of strategies are out there and I have tried many of them. One thing is very common and that is: the gambling companies keep making money and binary option websites owners are among millionaire in their countries. My question is that,  is binary options part of the gambling industry as it deals with betting?
if my option which is called betting or multiplying is called gambling, I am not sure about binary because I just heard it. I need to learn more about this binary.

Binary option is like predicting the price of an asset will go up or down in specific time frame. There was a popular site called secondstrade for this binary option but now there is no popular binary option sites in this crypto industry unless I miss it because I do not really like binary option. How about binomo? Havent you heard about it? It is very popular out there because it is advertised by many people in youtube including youtuber in your country. So check it out if you want to know more.


Title: Re: What is the difference between binary option and gambling?
Post by: ethereumhunter on September 06, 2019, 12:23:55 AM
I would either keep my money safe in a fixed deposit account and enjoy dividends or buy Bitcoin to hold.

It is a safe method to prevent from a loss ;D

The different on here will be we use games and an asset to risk the money, and we hope to get a profit from binary option and gambling. But the risk will be bigger in gambling than binary option since I guess we can learn hard on a binary option from many websites. The other difference will be if in binary option when we lose, we are getting stress and sad. But in gambling, if we lose, we could still have fun without thinking about the loss itself.


Title: Re: What is the difference between binary option and gambling?
Post by: noormcs5 on September 07, 2019, 06:55:40 AM
I always measure gambling from the level of risk and reward and i do believe that, this is the reason why cryptocurrencies traders, binary option traders, and forex traders are been referred to as gamblers by those that did not know how there work, as it is possible to have your entire accounts wipe out if you take risk with all your funds and at the same time it is also possible to double or triple your funds by just small movement in you favour.
It is almost impossible to come out with profits in binary options and a lot of strategies are out there and I have tried many of them. One thing is very common and that is: the gambling companies keep making money and binary option websites owners are among millionaire in their countries. My question is that,  is binary options part of the gambling industry as it deals with betting?
if my option which is called betting or multiplying is called gambling, I am not sure about binary because I just heard it. I need to learn more about this binary.

Binary is also gambling on which you gamble whether the coin price will move up or down in the next 1 min or 5 mins etc. You have to predict it rightly and if you are able to do so you will be able to win good amount. But this does not happen and mostly all people lose in binary option trading.

If you are new to binary option and want to know more about it, i would suggest you to keep away from it.


Title: Re: What is the difference between binary option and gambling?
Post by: STT on September 07, 2019, 07:51:56 AM
Quote
money safe in a fixed deposit account

There is no safe money any more, every cash note is a zero coupon bond of money owed by government to payee.   If government does not default, the value is retained partially but there is a gradual loss anyway with interest rates still below inflation.   Soft default is ongoing.
   I also used to be a saver when rates were 10% but that was a while ago, now we live in a confusing world where there is no safe money unfortunately.   I only mention it because that is part of why crypto is where it is right now, especially when its done across the world and many people dont have access to dollars in this way.

  A return on Bitcoin is possible but of course its not without risk, I'm just mentioning even plain national currency has a risk to it as well though distributed and considered far less.   A few sites will a return on Bitcoin similar to interest or its possible to get a return greater if you accept investment risk.


Title: Re: What is the difference between binary option and gambling?
Post by: iMark on September 07, 2019, 09:05:54 AM
My question is that,  is binary options part of the gambling industry as it deals with betting?
No it isn't part because there were legit binary option brokers and this isn't part of gambling industry.They are already considered as gambling since they do only have two options on how to win a binary bet.You can base of trading movements into actual market movements which means its not totally gambling that we know where luck is 100% needed since this one do have some basis.

I think so, how can you predict where the market will take place in a period of just a few minutes? What components are there to do the analysis to determine where the market will be going to up or down, of course it is very difficult right? therefore binary can be said to be closer to gambling than technical analysis or trade.


Title: Re: What is the difference between binary option and gambling?
Post by: exbet.io on September 07, 2019, 10:20:06 AM
Just talking about sports betting -  a binary option is the same as betting Moneyline, or Total Points/Handicap line, or any coin toss outcome, yes. You can see this even better when you make a sports bet on a betting exchange (like Betfair)... there it is explicit that you are taking one of two (binary) positions in a market - backing or laying.

And, just as in binary options in the financial markets, you can trade your position on an exchange. And you can improve your chances of profit by improving you modelling of the underlying asset/event.



Title: Re: What is the difference between binary option and gambling?
Post by: QueenVera on September 07, 2019, 10:31:38 AM
Consider it from this angle, your average gambling games requires mostly luck foe you to be successful but in binary options although luck is also a factor but when skills is added it becomes a repeat success. Binary options isn't gambling in general although it has some gambling elements.


Title: Re: What is the difference between binary option and gambling?
Post by: elda34b on September 07, 2019, 11:19:09 AM
Consider it from this angle, your average gambling games requires mostly luck foe you to be successful but in binary options although luck is also a factor but when skills is added it becomes a repeat success. Binary options isn't gambling in general although it has some gambling elements.

A binary option is highly risky, I'd rather call it as gambling because even if you can read a chart, it's almost impossible to predict which way an asset price will go in 1-minute timescale.

Read these for further references:
Code:
https://www.sec.gov/investor/alerts/ia_binary.pdf
https://www.cftc.gov/ConsumerProtection/FraudAwarenessPrevention/CFTCFraudAdvisories/fraudadv_binaryoptions.html
https://www.fbi.gov/news/stories/binary-options-fraud

I know some of you hate governments but take a look at the facts and draw your own conclusion.


Title: Re: What is the difference between binary option and gambling?
Post by: exbet.io on September 07, 2019, 12:14:18 PM

A binary option is highly risky, I'd rather call it as gambling because even if you can read a chart, it's almost impossible to predict which way an asset price will go in 1-minute timescale.

Read these for further references:
Code:
https://www.sec.gov/investor/alerts/ia_binary.pdf
https://www.cftc.gov/ConsumerProtection/FraudAwarenessPrevention/CFTCFraudAdvisories/fraudadv_binaryoptions.html
https://www.fbi.gov/news/stories/binary-options-fraud

I know some of you hate governments but take a look at the facts and draw your own conclusion.


OK, but it doesn't need to be a 1 minute timescale, right? But agreed, there is a LOT of noise and not much signal with price movements of a huge number of binary options.

Some good links there. Some of what these government bodies do is genuinely trying to protect people (don't want to get into a governments bad/good argument)


Title: Re: What is the difference between binary option and gambling?
Post by: EdenHazard on September 07, 2019, 12:23:55 PM
Binary option = Scam service on behalf trading
Trading = buy and sell a real financial instruments

This explain it all. Many newbie traders think that binary option is part of trading and they think they are doing trading while actually they are not. Binary option is more relevant to gambling but most of the binary option sites are made to scam people. So it is better to avoid the binary options.

If you are a trader than do proper trading (No binary option) and if you are a gambler, do proper gambling ( No binary option) .  :)

That's true ... an irony for those who uneducated about how the real trading is actually work , they lured to make money easily through an attractive binary advertisement .

Binary option it's like a game of trading ... No I mean it's completely just a game of scam, how the fuck you choose up and down could be called a trading? Where's the effort to analyze the movement? Oh wait you can't do that due the short term movement is the only binary option preference, you got no time to do any proper research and simply choose up or down randomly.

Besides that i really doubt that there's a way to verify this binary option transactions which makes me think so hard that this kind service is just a scam.

Of course i won't even call it as a high risk type of trading.


Title: Re: What is the difference between binary option and gambling?
Post by: Ucy on September 07, 2019, 02:44:02 PM
I will say that that the difference you mentioned is also not a difference in my opinion because almost all gamblers go into gambling for money making and this is the same with binary options. There is no difference between both but rather more of similarity in your words. They both require money to begin and as well both games are risky even though some people believe that gambling is more risky than binary options.

I prefer gambling anyway because you can have fun gambling and also make money but binary options is strictly business and it is not my kind of thing. I love something I can participate, have fun and as well make money and that is definitely gambling.
Point of correction, not most but all gamblers are into the game for the money. Donít be deceived by the so called playing for entertainment gamblers. They are only deceiving other players. I understand the aspect of gambling for money and as well having fun but what annoys me is when they say they are only into gambling for fun. Like seriously, how honest is that statement. You mean losing sometimes can make someone happy? That is really strange and sound very unbelievable.

Back to the post. There is no difference between binary option and gambling, it both takes a man that is willing to take risk to try out this two, it also request a business minded person to be involved with both which makes it very similar.
I am so surprised at your level of thinking. Maybe you should talk for yourself. I canít talk for everyone but one thing I am very sure of is that I am not into gambling to make money. I didnít really understand the monetary aspect of gambling until recently I got to understand it perfectly well. Before now I play and when I win, am glad, also when I loose I could try again or give a break but either ways I wasnít desperate. I know so many people like me that have very good sources of income and only play for fun with no intention to make money. Yes money could be won along the line but it is only a plus.

I do binary options and the reason I am there is strictly to make money, unlike gambling that I only play to be entertained, so this is a huge difference. One is for money and one is for fun.
You really gambling to be entertained and not to make money? Do you make money trading Binary option or no? I guess why you enjoy gambling is because it is not as boring as Binary option... as there are loads of truely entertaining gamblings that exist but not so with Binary option.
Wonder if you ever go through gambling addiction since you play for fun/entertainment. If you gamble and don't care about losing money, that means you keep losing money and don't want to quit due to the fun.


Title: Re: What is the difference between binary option and gambling?
Post by: barbara44 on September 07, 2019, 07:48:50 PM
I would either keep my money safe in a fixed deposit account and enjoy dividends or buy Bitcoin to hold.

It is a safe method to prevent from a loss ;D

The different on here will be we use games and an asset to risk the money, and we hope to get a profit from binary option and gambling. But the risk will be bigger in gambling than binary option since I guess we can learn hard on a binary option from many websites. The other difference will be if in binary option when we lose, we are getting stress and sad. But in gambling, if we lose, we could still have fun without thinking about the loss itself.
In my opinion, I will say that nothing is safe, be it binary option, gambling or whatever that has to do with online money making. Nothing beats having a business you can focus your mind into and ignore taken unprofitable risks in online gambling that never pays.

The upper poster has made his point very clear and I stand with that I a way, instead of putting money into gambling or even binary option, I think it is more preferable to keep it in an account where it would be safe even though the expected interest will be very small but me as a business person would rather run a business with it believing it will grow and I do not stand any chance of losing than gambling or binary option.


Title: Re: What is the difference between binary option and gambling?
Post by: Oceat on September 07, 2019, 08:17:55 PM
I think betting/gambling is an umbrella term covering a wide range of predictive games or activities. Binary option trading, sports betting, lottery and so many other things are all categorized under gambling so I don't think you can clearly strike a difference between the two you asked.
I think there is a wide range of different between gambling and binary options and many people that do trade binary options that I know donít see themselves as a gamblers but traders. Some even referred to themselves as a forex traders or stocks traders! The rate of risk is another areas you should look at. In gambling you cannot have any strategy that will keep putting money in your pockets but binary options market can be a bit predictable and though it is risky but the risk is quite understandable.
okay I do get you but don't you think trading is also in a way betting or gambling? Personally i see everything that works on "predict and win" as gambling. All those things are a play on your ability to predict the future and you sure can predict it wrong buddy (that either makes you lose and someone win or vice versa).

No, it is not the same as in trading. You need to have the skill to know where the trend of the coins moves. In gambling, you can play games without learning how to play with good. But maybe you are right if you say trading without skill, it is the same as gambling because we only predict without analyzing which coin that will increase. So it depends on how to treat trading and gambling itself.
Trading is not that easy as you think compared to gambling since you will need a good analysis of the coin that you choose to trade. While in gambling you were just basically looking for an odds/luck/chances in order to win. You can't treat gambling as trading or the other way around.


Title: Re: What is the difference between binary option and gambling?
Post by: rodel caling on September 07, 2019, 10:24:35 PM
The difference between binary option and gambling in my own understanding is gambling is a high risk than to trading but both are risky if lack of skills and knowledgeable in trading in the gambling aaide from the skills it a pure luck and not advisable as spurce of income binary option os part of the trading metho which advisable as source of income in have full skills and knowledge before investing.


Title: Re: What is the difference between binary option and gambling?
Post by: SirLancelot on September 12, 2019, 04:23:21 PM
The difference between binary option and gambling in my own understanding is gambling is a high risk than to trading but both are risky if lack of skills and knowledgeable in trading in the gambling aaide from the skills it a pure luck and not advisable as spurce of income binary option os part of the trading metho which advisable as source of income in have full skills and knowledge before investing.
I am sorry to ask this question please, with all honesty, do you understand the meaning of what you wrote down here or maybe you should read all over again. No offense please, I just feel you were probably sleeping and typing while dropping this comment but anyway, I have always known you for very constructive post and it is the more reason why the errors I found on this post is quite questionable.

They are both risk and that doesnít make them different but even alike, the difference for me is that one is a risky game that is worth playing while the other is not worth it at all. If you ask me which one worth is my answer will be Binary option.


Title: Re: What is the difference between binary option and gambling?
Post by: nydiacaskey01 on September 13, 2019, 12:00:01 AM
Both requires analysis if you are into sports betting since you have to check the records of the team if its basketball, or the boxer or mma fighter, you don't just place your bet based on wild guess, you will loose your money. Same with Binary trading, also need to do your research if the price will indeed go Up or Down, its different from the usual trading where you can pick a coin and wait for a period of time and if you did not hit your target, you can still wait until you reach your goal. In Binary its different, you pick if it will increase or decrease on a period of time.


Title: Re: What is the difference between binary option and gambling?
Post by: TheUltraElite on September 21, 2019, 06:17:17 AM
The difference between binary option and gambling in my own understanding is gambling is a high risk than to trading but both are risky if lack of skills and knowledgeable in trading in the gambling aaide from the skills it a pure luck and not advisable as spurce of income binary option os part of the trading metho which advisable as source of income in have full skills and knowledge before investing.
Binary option is not trading. In trading you buy or sell an asset, spot trading that is. In binary options you place "bets" on the next price. You are essentially gambling unless you have so much money that you place your binary bet and then pump or dump the market to move it to your predicted price. This is nothing different from gambling where you roll a dice predicting whether the roll is going to be high or low than a selected number.

Even if you are skilled trading, binary options is not for you. Do spot trading or if you are willing to take risk do margin trading but dont go for binary.


Title: Re: What is the difference between binary option and gambling?
Post by: carter34 on September 21, 2019, 06:43:05 AM
Both requires analysis if you are into sports betting since you have to check the records of the team if its basketball, or the boxer or mma fighter, you don't just place your bet based on wild guess, you will loose your money. Same with Binary trading, also need to do your research if the price will indeed go Up or Down, its different from the usual trading where you can pick a coin and wait for a period of time and if you did not hit your target, you can still wait until you reach your goal. In Binary its different, you pick if it will increase or decrease on a period of time.

I think gambling is more difficult than binary. Gambling most times is not research based especially if it is not sports, thus success rate in gambling is luck. Binary is more of research taking and analysis.


Title: Re: What is the difference between binary option and gambling?
Post by: TheUltraElite on September 25, 2019, 07:42:45 AM
I think gambling is more difficult than binary.
More or less same degree of risk in both because it is the same as a dice roll to predict the outcome of the roll on an open market.

Quote
Gambling most times is not research based especially if it is not sports, thus success rate in gambling is luck. Binary is more of research taking and analysis.
Agreed Binary is comparable to EV- gambling games. You dont do any research there but predict a roll similarly you predict the market price in Binary and if you manage to get it correct you win some money. What difference does it make to the player than dice rolling? Simply nothing extra.

But you go for spot trading you own an asset that you are going to exchange for another asset. This needs analysis and in dept technical stuff. You can make a good profit if you buy and sell at proper times here not in Binary.

I have rarely seen anybody make money from Binary Options. The ones you see on youtube are done for getting affiliate commissions and you should not trust them.


Title: Re: What is the difference between binary option and gambling?
Post by: udidrone on September 25, 2019, 08:45:26 AM
Both requires analysis if you are into sports betting since you have to check the records of the team if its basketball, or the boxer or mma fighter, you don't just place your bet based on wild guess, you will loose your money. Same with Binary trading, also need to do your research if the price will indeed go Up or Down, its different from the usual trading where you can pick a coin and wait for a period of time and if you did not hit your target, you can still wait until you reach your goal. In Binary its different, you pick if it will increase or decrease on a period of time.

I think gambling is more difficult than binary. Gambling most times is not research based especially if it is not sports, thus success rate in gambling is luck. Binary is more of research taking and analysis.
Maybe binary can be considered like gambling with analysis, like sportsbetting because we can do some analysis about what we want to bet. Because when we lost it will take all our money that we use to bet. Maybe that is why a lot of people always said if Binary trading is like gambling.


Title: Re: What is the difference between binary option and gambling?
Post by: Ranly123 on September 25, 2019, 09:21:50 AM
Both requires analysis if you are into sports betting since you have to check the records of the team if its basketball, or the boxer or mma fighter, you don't just place your bet based on wild guess, you will loose your money. Same with Binary trading, also need to do your research if the price will indeed go Up or Down, its different from the usual trading where you can pick a coin and wait for a period of time and if you did not hit your target, you can still wait until you reach your goal. In Binary its different, you pick if it will increase or decrease on a period of time.

I think gambling is more difficult than binary. Gambling most times is not research based especially if it is not sports, thus success rate in gambling is luck. Binary is more of research taking and analysis.
Maybe binary can be considered like gambling with analysis, like sportsbetting because we can do some analysis about what we want to bet. Because when we lost it will take all our money that we use to bet. Maybe that is why a lot of people always said if Binary trading is like gambling.

More like it. I think binary options is to have a second thought on something you want to put your money with. Unlike gambling where in you do not have a send option once you placed your bet.


Title: Re: What is the difference between binary option and gambling?
Post by: joshy23 on September 25, 2019, 10:01:30 AM
Both requires analysis if you are into sports betting since you have to check the records of the team if its basketball, or the boxer or mma fighter, you don't just place your bet based on wild guess, you will loose your money. Same with Binary trading, also need to do your research if the price will indeed go Up or Down, its different from the usual trading where you can pick a coin and wait for a period of time and if you did not hit your target, you can still wait until you reach your goal. In Binary its different, you pick if it will increase or decrease on a period of time.

I think gambling is more difficult than binary. Gambling most times is not research based especially if it is not sports, thus success rate in gambling is luck. Binary is more of research taking and analysis.
Maybe binary can be considered like gambling with analysis, like sportsbetting because we can do some analysis about what we want to bet. Because when we lost it will take all our money that we use to bet. Maybe that is why a lot of people always said if Binary trading is like gambling.
Unlike trading when you place your entry and set your target exit and it didn't executed you can still hold your assets and wait till it reached the amount, while with binary, it can take everything away in split of time you selected it if doesn't executed it will burn everything. You need to learn classifying your position and you need to be extra careful  there's no way for you to recover your money once you place it inside binary type of trading.


Title: Re: What is the difference between binary option and gambling?
Post by: ethereumhunter on September 25, 2019, 01:42:01 PM
Both requires analysis if you are into sports betting since you have to check the records of the team if its basketball, or the boxer or mma fighter, you don't just place your bet based on wild guess, you will loose your money. Same with Binary trading, also need to do your research if the price will indeed go Up or Down, its different from the usual trading where you can pick a coin and wait for a period of time and if you did not hit your target, you can still wait until you reach your goal. In Binary its different, you pick if it will increase or decrease on a period of time.

I think gambling is more difficult than binary. Gambling most times is not research based especially if it is not sports, thus success rate in gambling is luck. Binary is more of research taking and analysis.
Maybe binary can be considered like gambling with analysis, like sportsbetting because we can do some analysis about what we want to bet. Because when we lost it will take all our money that we use to bet. Maybe that is why a lot of people always said if Binary trading is like gambling.

Yeah, without analysis, the binary will be gambling and so do with crypto trading. The other difference is we can use little money to gamble, but in the binary system, we must use some money to start trading. In binary, we depend on our analysis, but in gambling, we rely on the luck. So both is not the same, but binary can be gambling if we don't know how to trade.


Title: Re: What is the difference between binary option and gambling?
Post by: milewilda on September 25, 2019, 02:12:53 PM
Both requires analysis if you are into sports betting since you have to check the records of the team if its basketball, or the boxer or mma fighter, you don't just place your bet based on wild guess, you will loose your money. Same with Binary trading, also need to do your research if the price will indeed go Up or Down, its different from the usual trading where you can pick a coin and wait for a period of time and if you did not hit your target, you can still wait until you reach your goal. In Binary its different, you pick if it will increase or decrease on a period of time.

I think gambling is more difficult than binary. Gambling most times is not research based especially if it is not sports, thus success rate in gambling is luck. Binary is more of research taking and analysis.
Maybe binary can be considered like gambling with analysis, like sportsbetting because we can do some analysis about what we want to bet. Because when we lost it will take all our money that we use to bet. Maybe that is why a lot of people always said if Binary trading is like gambling.

Yeah, without analysis, the binary will be gambling and so do with crypto trading. The other difference is we can use little money to gamble, but in the binary system, we must use some money to start trading. In binary, we depend on our analysis, but in gambling, we rely on the luck. So both is not the same, but binary can be gambling if we don't know how to trade.
Difference of binary options to gambling is on the risk involved depending on the knowledge you do have with trading.We know if we do try to compare
actual trade to an actual gambling game.Yeah you can make advantage if  you do know on what you are doing since binary options does only need for you to guess two options
which is higher or lower into your entry point.If you do just make options or selections without having any basis and just relying for some results then you
are basically doing gambling.


Title: Re: What is the difference between binary option and gambling?
Post by: TheUltraElite on September 29, 2019, 07:28:09 AM
Yeah, without analysis, the binary will be gambling and so do with crypto trading.
Binary is a type of gambling anyway with or without analysis.

Quote
The other difference is we can use little money to gamble, but in the binary system, we must use some money to start trading.
Gambling with very small capital at hand is worthless. You woudl get wiped out in one single red streak and wont be able to last long enough to hit that big win. But depends on your strategy, still a decent amount to start playing is for any strategy to be viable and worth running, even though in EV- games the long term result is loss.

Quote
In binary, we depend on our analysis, but in gambling, we rely on the luck. So both is not the same, but binary can be gambling if we don't know how to trade.
Binary options is not same as trading. You are predicting movements and betting on them. Hence its the gamble. You are not actually buying them. This is where it is different from spot trading.


Title: Re: What is the difference between binary option and gambling?
Post by: Eugenar on September 29, 2019, 09:45:31 AM
Both requires analysis if you are into sports betting since you have to check the records of the team if its basketball, or the boxer or mma fighter, you don't just place your bet based on wild guess, you will loose your money. Same with Binary trading, also need to do your research if the price will indeed go Up or Down, its different from the usual trading where you can pick a coin and wait for a period of time and if you did not hit your target, you can still wait until you reach your goal. In Binary its different, you pick if it will increase or decrease on a period of time.

I think gambling is more difficult than binary. Gambling most times is not research based especially if it is not sports, thus success rate in gambling is luck. Binary is more of research taking and analysis.
All I can say is that they are almost the same though. In binary option you tend to speculate the price of a certain assets in the future whether it will go up or down and we all know that in Cryptocurrency, mere speculation is not advisable to follow with. On the other hand, gambling is an investment into an activity in the ďhopesĒ of winning without any analysis and, just relying on luck. The thing makes them the same is that they cannot be used by any analysis or simply you just predicting the movement.


Title: Re: What is the difference between binary option and gambling?
Post by: tungaqhd on September 29, 2019, 09:56:39 AM
Both requires analysis if you are into sports betting since you have to check the records of the team if its basketball, or the boxer or mma fighter, you don't just place your bet based on wild guess, you will loose your money. Same with Binary trading, also need to do your research if the price will indeed go Up or Down, its different from the usual trading where you can pick a coin and wait for a period of time and if you did not hit your target, you can still wait until you reach your goal. In Binary its different, you pick if it will increase or decrease on a period of time.

I think gambling is more difficult than binary. Gambling most times is not research based especially if it is not sports, thus success rate in gambling is luck. Binary is more of research taking and analysis.
All I can say is that they are almost the same though. In binary option you tend to speculate the price of a certain assets in the future whether it will go up or down and we all know that in Cryptocurrency, mere speculation is not advisable to follow with. On the other hand, gambling is an investment into an activity in the ďhopesĒ of winning without any analysis and, just relying on luck. The thing makes them the same is that they cannot be used by any analysis or simply you just predicting the movement.
I agree with you, more precisely, even if we want to have the analysis to make more accurate decisions, we still can't see an element that reflects the target we need to find, a lot of people have tried to analyze charts but the fact is that it's fluctuating in no trend, gambling or binary, both seem to be a place for us to bet luck, participation techniques and knowledge are not determinants. The only difference I see is probably that binary gives us a sense that we will be able to make money, while gambling only gives a sense of joy as primarily.


Title: Re: What is the difference between binary option and gambling?
Post by: TheUltraElite on October 01, 2019, 08:56:49 AM
On the other hand, gambling is an investment into an activity in the ďhopesĒ of winning without any analysis and, just relying on luck.
Gambling is not an investment. It is a game of chance where you rely on your luck to multiply your capital. Investments are done after proper research and EV- games in gambling are not comparable to them. If you say EV+ games then to some extent you would be correct. Because EV+ games need your homework to be done and bets placed after analyzing the team for days and months.

Quote
The thing makes them the same is that they cannot be used by any analysis or simply you just predicting the movement.
Binary is just that. It is a type of gambling about price going up or down. You are not profiting from it. The place where you are plying is actually profiting.


Title: Re: What is the difference between binary option and gambling?
Post by: gabbie2010 on October 01, 2019, 09:46:44 AM
Both requires analysis if you are into sports betting since you have to check the records of the team if its basketball, or the boxer or mma fighter, you don't just place your bet based on wild guess, you will loose your money. Same with Binary trading, also need to do your research if the price will indeed go Up or Down, its different from the usual trading where you can pick a coin and wait for a period of time and if you did not hit your target, you can still wait until you reach your goal. In Binary its different, you pick if it will increase or decrease on a period of time.

I think gambling is more difficult than binary. Gambling most times is not research based especially if it is not sports, thus success rate in gambling is luck. Binary is more of research taking and analysis.
I had been involved in both gambling and binary option from my own personal opinion both are more or less the same thrice I invested in binary my account was wiped through streaks of losses a binary trader can't have an edge due to low pay out while the brokers too manipulate the price to their advantage, at times gambling can profitable in there is some element of luck I am very sure and believed  gamblers are making profits d on daily basis that is why a lot of crypto based gambling sites are springing out daily compared to the numbers of binary traders.


Title: Re: What is the difference between binary option and gambling?
Post by: sana54210 on October 02, 2019, 10:57:08 AM
Difference of binary options to gambling is on the risk involved depending on the knowledge you do have with trading.We know if we do try to compare
actual trade to an actual gambling game.Yeah you can make advantage if  you do know on what you are doing since binary options does only need for you to guess two options
which is higher or lower into your entry point.If you do just make options or selections without having any basis and just relying for some results then you
are basically doing gambling.
As long as they both involve risk then there's no much difference between them that we can speak of. There's nothing like one riskier than another. I don't partake in any of them and it pleases me not to do so because I really respect myself.  

I think there are a lot of businesses we can do without the fear of risk, I prefer such and I can't stand to risk my money no matter how less risky it is described to be. My friends that gamble said they prefer gambling more because in gambling, combination of skills and luck is sure of delivering profit unlike in binary option.  I suggest to partake in any of the two, there is need to be well skilled in some areas to avoid consistent loses.


Title: Re: What is the difference between binary option and gambling?
Post by: Kasabus on October 02, 2019, 11:58:35 AM
I tried Binary options once and I find it difficult, maybe what I can think of the difference is Binary option is s serious activity that will give you a win if you are good in analyzing the market, and that is not fun, while in gambling, we have a choice whether we gamble just for pure fun or we gamble seriously focusing on making ourselves profitable, and in that matter I am talking about the skilled based type of games like poker and sports betting.


Title: Re: What is the difference between binary option and gambling?
Post by: panganib999 on October 02, 2019, 02:40:40 PM
In gambling, you have a 50:50 chance of winning; however, in binary trading, you have a more winning chance it depends on how you can read or analyze the market. Simply reading the news will give you an additional chance of winning.
And also it depends on what do you want, if you want entertainment go gamble and if you want a high chance of getting profit, then go-to binary trading. For me, my primary purpose why I am gambling is for entertainment and thrill. Trading is for profit :)


Title: Re: What is the difference between binary option and gambling?
Post by: stomachgrowls on October 02, 2019, 07:26:11 PM
In gambling, you have a 50:50 chance of winning; however, in binary trading, you have a more winning chance it depends on how you can read or analyze the market. Simply reading the news will give you an additional chance of winning.
And also it depends on what do you want, if you want entertainment go gamble and if you want a high chance of getting profit, then go-to binary trading. For me, my primary purpose why I am gambling is for entertainment and thrill. Trading is for profit :)
There are binary options that had features which results be known for a minute or an hour depend on what their platform do give out which means

you wont have much time for you to have that news or fundamentals to be add up on your analysis but it isnt bad to use it if you do have it.

Price ticks to matter but for a very volatile kind of market, binary options is somewhat riskier than on BO with forex and stocks which do had lesser.


Title: Re: What is the difference between binary option and gambling?
Post by: DarkDays on October 03, 2019, 09:45:57 PM
I always measure gambling from the level of risk and reward and i do believe that, this is the reason why cryptocurrencies traders, binary option traders, and forex traders are been referred to as gamblers by those that did not know how there work, as it is possible to have your entire accounts wipe out if you take risk with all your funds and at the same time it is also possible to double or triple your funds by just small movement in you favour.
It is almost impossible to come out with profits in binary options and a lot of strategies are out there and I have tried many of them. One thing is very common and that is: the gambling companies keep making money and binary option websites owners are among millionaire in their countries. My question is that,  is binary options part of the gambling industry as it deals with betting?
Frankly there is no difference between them if you look at it from a fundamental perspective. Even regular forex or the stock market - its all just a huge gambling scene. Only the stakes are higher, more risk and everything is done under the veil of law enforcement.

If gambling were organized it'll be become a new wall street trade

With that said, there are certain risks in typical gambling that you won't find in binary options. For instance there is a maximum cap to what you can bet vs lose. In gambling, sometimes you can go in negative balance, which is almost never the case with binary options.


Title: Re: What is the difference between binary option and gambling?
Post by: stephanirain on October 06, 2019, 02:46:07 PM
I always measure gambling from the level of risk and reward and i do believe that, this is the reason why cryptocurrencies traders, binary option traders, and forex traders are been referred to as gamblers by those that did not know how there work, as it is possible to have your entire accounts wipe out if you take risk with all your funds and at the same time it is also possible to double or triple your funds by just small movement in you favour.
It is almost impossible to come out with profits in binary options and a lot of strategies are out there and I have tried many of them. One thing is very common and that is: the gambling companies keep making money and binary option websites owners are among millionaire in their countries. My question is that,  is binary options part of the gambling industry as it deals with betting?

The main difference of those things from the online gambling we know of is that online gambling is instant and aside from the fact that it can be profitable is that online gambling is for entertainment value. The two only mixes when you consider the act of gambling as a way of living or simply a job. By all means, gambling is just a hobby for me and all the money you can conjure from playing it is barely enough to sustain the activity most of the times. Binary options and other trading activities are in a form of investment - that is a product of a lot of planning and studying the trends in the market. Those are one of the things you won't see in a normal online gamble.


Title: Re: What is the difference between binary option and gambling?
Post by: Pinkris128 on October 06, 2019, 03:34:24 PM
I always measure gambling from the level of risk and reward and i do believe that, this is the reason why cryptocurrencies traders, binary option traders, and forex traders are been referred to as gamblers by those that did not know how there work, as it is possible to have your entire accounts wipe out if you take risk with all your funds and at the same time it is also possible to double or triple your funds by just small movement in you favour.
It is almost impossible to come out with profits in binary options and a lot of strategies are out there and I have tried many of them. One thing is very common and that is: the gambling companies keep making money and binary option websites owners are among millionaire in their countries. My question is that,  is binary options part of the gambling industry as it deals with betting?

In trading or investing, there is a lot things you first need consider and a lot of factors to add up before you can try to estimate if the trade is worth the time, effort, and money. Meanwhile, gambling is concurrent and the results are just a click away. There is no standard statistics in those games that is why it is called gambling.


Title: Re: What is the difference between binary option and gambling?
Post by: iMark on October 06, 2019, 05:48:12 PM
I always measure gambling from the level of risk and reward and i do believe that, this is the reason why cryptocurrencies traders, binary option traders, and forex traders are been referred to as gamblers by those that did not know how there work, as it is possible to have your entire accounts wipe out if you take risk with all your funds and at the same time it is also possible to double or triple your funds by just small movement in you favour.
It is almost impossible to come out with profits in binary options and a lot of strategies are out there and I have tried many of them. One thing is very common and that is: the gambling companies keep making money and binary option websites owners are among millionaire in their countries. My question is that,  is binary options part of the gambling industry as it deals with betting?

In trading or investing, there is a lot things you first need consider and a lot of factors to add up before you can try to estimate if the trade is worth the time, effort, and money. Meanwhile, gambling is concurrent and the results are just a click away. There is no standard statistics in those games that is why it is called gambling.
But as he said that whatever strategy you use in binary trading, it won't have much effect because prices can change in any direction in just a few minutes, it's hard to predict prices will go up or down in a short amount of time, in what way or instrument you can know the price will go up or down in 1-5 minutes? thats why many people refer to it as gambling.

Yeah the level of risk will also be referred to as gambling. if the risk is greater then the level of chances of winning will be smaller. the more difficult to predict the higher the risk. there are no skills in trading, so you will be same as gambling, because the risk is also very big.


Title: Re: What is the difference between binary option and gambling?
Post by: joshy23 on October 06, 2019, 06:10:14 PM


In trading or investing, there is a lot things you first need consider and a lot of factors to add up before you can try to estimate if the trade is worth the time, effort, and money. Meanwhile, gambling is concurrent and the results are just a click away. There is no standard statistics in those games that is why it is called gambling.
In some point you are correct with luck base gambling, but in terms of other strategy types of gambling same with binary options, there's also some factors that can lead you to pick the right teams/players if you are fully aware about the game that you are betting with. Most Of those sports gamblers use their knowledge and skills to find good games that they can  use their understanding to take an edge.