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.
