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NJB18
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May 18, 2017, 03:30:35 AM |
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I have tried to trade binary option in 2013 with opteck and option24 and I lost all my investment. Binary option reveals to me how greedy I was and since then I learned one thing: Binary option trading is a gambling! Because no one can predict were market will be at a particular time, because of news flowing in. Margin trade is different, you can analysis the market, trading along with trends and following market action pattern. Yes, it is like a gambling. Most of people loses their money in binary options as the pattern is unpredictable. It is costly because its minimum investment is no lower than $5. It doesn't matter how professional trader you are in predicting the graph. It is about the luck. I lose almost $500, I guess it was also 2013. Binary option is really a gambling. I don't recommend it. I guess it a platform of greedy company for greedy people  . lesson learn. not again. |
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layoutph
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May 18, 2017, 05:59:14 AM |
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Binary option is kinda gambling. It uses the seconds charttime you never knew if the price will go down or go high. Some experienced trader uses advance chartings to make high chances of winning. If you are good in chart reading the better.
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Sled
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May 18, 2017, 06:30:14 AM |
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Binary option is kinda gambling. It uses the seconds charttime you never knew if the price will go down or go high. Some experienced trader uses advance chartings to make high chances of winning. If you are good in chart reading the better.
Yes binary option is not a trading and more like gambling because it is very risky and the only option to make money is to predict if the currency will go down or up and that is not a true form of trading because trading is all about buying and selling and binary option lacks of that so it is more gambling for me. |
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layoutph
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May 19, 2017, 02:45:40 AM |
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Yeah, although binary option can be play using charts by placing SELL orders at resistance levels and Buy orders at Support level, it is still a gambling. Its like playing Chess with bet. Binary option is kinda gambling. It uses the seconds charttime you never knew if the price will go down or go high. Some experienced trader uses advance chartings to make high chances of winning. If you are good in chart reading the better.
Yes binary option is not a trading and more like gambling because it is very risky and the only option to make money is to predict if the currency will go down or up and that is not a true form of trading because trading is all about buying and selling and binary option lacks of that so it is more gambling for me. |
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naidray
Legendary
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Activity: 1232
Merit: 1029
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May 19, 2017, 06:57:09 AM |
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although binary option can be play using charts by placing SELL orders at resistance levels and Buy orders at Support level, it is still a gambling. Its like playing Chess with bet.
But I have concluded binary trading is another version of dice gambling. We are just gambling there in the name of price levels whether they are going up or down which is very much similar to below or above betting in dice gambling. Binary options must be one of the reason for people to consider gambling and trading as similar things. Binary options is sub set version of trading. Here too we can make buying and selling based on price level but the instant result providing nature of it makes me to think about it is a type of gambling. |
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death69
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May 19, 2017, 08:20:05 AM |
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Binary is not very good. Many people are doing this activity without thinking. THey believe that this is a kind of trading but they play binary just like they gamble. Therefore, I never ever think binary is a kind of trading
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Sled
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May 19, 2017, 09:20:25 AM |
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Binary is not very good. Many people are doing this activity without thinking. THey believe that this is a kind of trading but they play binary just like they gamble. Therefore, I never ever think binary is a kind of trading
Most of the binary players are came from forex trading and they use their knowledge about trading to do such thing like betting on the right call and getting good enough profits. Binary options is almost like trading because there is still a chart that you can base on making decision to earn good amount of money. |
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rickadone
Legendary
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Activity: 1176
Merit: 1024
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May 22, 2017, 07:54:15 PM |
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I have tried to trade binary option in 2013 with opteck and option24 and I lost all my investment. Binary option reveals to me how greedy I was and since then I learned one thing: Binary option trading is a gambling! Because no one can predict were market will be at a particular time, because of news flowing in. Margin trade is different, you can analysis the market, trading along with trends and following market action pattern. Yes, it is like a gambling. Most of people loses their money in binary options as the pattern is unpredictable. It is costly because its minimum investment is no lower than $5. It doesn't matter how professional trader you are in predicting the graph. It is about the luck. I lose almost $500, I guess it was also 2013. Binary option is really a gambling. I don't recommend it. I guess it a platform of greedy company for greedy people . lesson learn. not again. I appreciate you, those who learn from the mistakes made by them in the past will be successful tomorrow in the future. This is good when you realize that you have made a mistake and to never make it again, also to let the other people to be aware of such things. Greed at the end will destroy you. |
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darthmaul
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May 23, 2017, 02:36:38 PM |
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First of all binary options sucks and it is risky as per my experience. The brokers and the agents and whom so ever always make you stand in the position where you have to invest a lot of money into their binary system. The experts works on your back to make you win that is what they claim but its nothing like that. In trading you have lot of freedom and you can enjoy the trades at your own "risk"but carefully. And you decide how much to invest and earn back.  |
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BitHodler
Legendary
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Activity: 1526
Merit: 1179
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May 23, 2017, 03:01:12 PM |
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First of all binary options sucks and it is risky as per my experience. The brokers and the agents and whom so ever always make you stand in the position where you have to invest a lot of money into their binary system. The experts works on your back to make you win that is what they claim but its nothing like that. In trading you have lot of freedom and you can enjoy the trades at your own "risk"but carefully. And you decide how much to invest and earn back. Binary options isn't tied to a certain amount. If you so wish, you can bet $1 per time, or you can go big with even thousands of dollars at once. I must however not that certain smaller sites will have a limit below the $1000 mark, but seriously, most people only wager amounts under the $100 mark. It has indeed nothing to do with trading since it's exactly like gambling, but with a much higher house edge. Depending on the ending time of the bet, the skill to luck ratio is more like ~ max 20% skills and minimum 80% luck. It's not worth the risk. |
BSV is not the real Bcash. Bcash is the real Bcash.
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webtricks
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Activity: 1918
Merit: 1728
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May 23, 2017, 03:09:34 PM |
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Is Binary Options the same as trade for you?
What are the differences?
Have you ever used leather and synthetic leather? If yes, you would have made the difference between two. Trade refers to owning item, speculating the prices and try making the profits. While binary option is similar to 'rolling dice'. I don;t know why some people consider it trading, its just a form of gambling consisting of put/call as two option. |
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gabbie2010
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May 23, 2017, 05:04:09 PM |
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Binary option and forex are not gambling people don't take there time to learn people just want to be rich overnight, I know traders that makes enough profits from binary options using price action strategy.
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OliynyK
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May 23, 2017, 05:39:04 PM |
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Binary option is kinda gambling. It uses the seconds charttime you never knew if the price will go down or go high. Some experienced trader uses advance chartings to make high chances of winning. If you are good in chart reading the better.
The risks involved in binary options are really high when it comes to alt coin market,take for example the recent rally in Zcash and Dash and remember about the binary shorts that people could have made and the junk of money they have lost just because we saw a 100% rise in the price of Zcash in a few hours,so i think it is a risky business. |
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Sled
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May 24, 2017, 04:54:30 AM |
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Binary option and forex are not gambling people don't take there time to learn people just want to be rich overnight, I know traders that makes enough profits from binary options using price action strategy.
The concern here is about relation of binary option and trading. We all know that forex trading is not a gambling because we can have a basis that can lower the risk of getting a loss while binary option is not that predictable because the only option that you got is low and high, if you don't know what will be the next move of the market then you will lose. |
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carlfebz2
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May 24, 2017, 05:47:38 AM |
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Binary option and forex are not gambling people don't take there time to learn people just want to be rich overnight, I know traders that makes enough profits from binary options using price action strategy.
The concern here is about relation of binary option and trading. We all know that forex trading is not a gambling because we can have a basis that can lower the risk of getting a loss while binary option is not that predictable because the only option that you got is low and high, if you don't know what will be the next move of the market then you will lose. When you do binary options you always see or check the movement on forex trading and I say they are just twins but the difference is binary options only focus on high or low of the price and it doesn't generally affect the forex market which means you are only making trades with broker.I have done binary option and I can say its really very risky if you don't know how to read charts and having a knowledge about forex is really a great advantage. |
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asyakashi
Sr. Member
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Activity: 1918
Merit: 256
Just.bet - Decentralized On-chain Casino
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May 24, 2017, 08:14:24 AM |
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I have tried to trade binary option in 2013 with opteck and option24 and I lost all my investment. Binary option reveals to me how greedy I was and since then I learned one thing: Binary option trading is a gambling! Because no one can predict were market will be at a particular time, because of news flowing in. Margin trade is different, you can analysis the market, trading along with trends and following market action pattern. Yes, it is like a gambling. Most of people loses their money in binary options as the pattern is unpredictable. It is costly because its minimum investment is no lower than $5. It doesn't matter how professional trader you are in predicting the graph. It is about the luck. I once wanted to try binary trading, after weighing this because of high-risk gambling. Crypto trading is more interesting and we are free to determine the benefits of the analysis itself. |
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wuvdoll
Legendary
Offline
Activity: 1442
Merit: 1025
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May 24, 2017, 07:46:57 PM |
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although binary option can be play using charts by placing SELL orders at resistance levels and Buy orders at Support level, it is still a gambling. Its like playing Chess with bet.
But I have concluded binary trading is another version of dice gambling. We are just gambling there in the name of price levels whether they are going up or down which is very much similar to below or above betting in dice gambling. Binary options must be one of the reason for people to consider gambling and trading as similar things. Binary options is sub set version of trading. Here too we can make buying and selling based on price level but the instant result providing nature of it makes me to think about it is a type of gambling. The most I have heard about the binary trading is that it is similar to the gambling the only difference that it makes is the name, where you say that you are trading but in reality you are gambling. I have never been into it I am glade for it and my opinion to others is to don’t go for it if you don’t want to gamble. |
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ViceOfBTC21
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May 25, 2017, 09:16:18 AM |
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Binary options are well hidden form of gambling and trading is about speculating. They are 2 different things. True forex brokers are connected to market, when most are only getting prices from other brokers. We can compare binary options to blackjack and trading to poker. Both games requires skills. Blackjack is more luck based when poker is more skill based. I can say same about binary options and trading because trading gives you freedom of trades when in binary options you place time-based bet against and wait hoping to win. Binary options don't pay you even money but little under even money, for example 75%. Let's calculate house edge for 75% payout, it's really simple:
100% - 75% = 25%
And now calculate chances for people who don't understand house edge:
25% : 2 = 12,5%
50% + 12,5% = 62,5% of losing
50% - 12,5% = 37,5% of winning
It's chances for doubling your money and odds are pretty bad but it's still smarter than playing lotteries that have an 50% edge. For comparsion BitDouble roulette has 6,67% house edge (ex. Bitsler 1,67%) and dice has 1%. But in binary options edge can be lowered by skills and you can get even advantage. But it's still gambling and when I had an account at demo binary options broker, I lost all demo money to demonstrate that beating house edge in binary trading is very hard to do.
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