Yes binary trading platforms are manipulated and also misleaded by their lucrative advertisements like double profits inn few hours which may be possible but not possible for every individual trading there so real trader won't give shit to the binary trading platforms only who believes their luck will use them but in long run they will lose more than like betting.
thats also what i notice . thier ads seems to be fishy because they always insist that you can get easy profit after you use thier platform but idk , maybe some platform dont advertise like that ? and what if they are only doing that for the sake of getting enough costumers to trade on their platform . fair or not fair , until now im still confused trading on them while on my first few days on crypto trading , i can easily understand its mechanics . i guess ill going to stick with cryptos
I have fallen to this trap a year ago, it was caused by youtube channel. Their ads are really promising, you only need $10 to get $100 in an hour and you can double it in next hours. In the youtube channel you will a bunch of youtube who will make have more interest to this place.
Most of them only use scalping strategy which I think it is not a trading, but most the way it seems like a gambling place. It is different when you have money and you spend them oon forex or crypto, you will need several times even one day to see your money gone when your prediction went wrong, but you only need several minutes to make your money gone on this way.
