Why Binary Trading Is a Trap and Crypto Spot Trading Is a Business

[taufik123]

Instead of doing Binary trading which is indeed the same mechanism as gambling, it is better to just gamble and be clearer.
Gambling can be varied, but binary trading is just really guessing the price and nothing really provides entertainment like gambling, with a lot of games and some betting that is quite exciting.

In my opinion, binary trading is more emotionally and mentally draining,
betting only on the final outcome of an event that only guesses up or down without having an asset like happens in spot trading.

[EarnOnVictor]

Your advice could be considered good, but not absolutely perfect because some people might be interested in binary option, and still get to make their money from it. And yes, binary option is a form of gambling itself as people bet on the market direction ,with respect to a certain time. This is cool for some people though, especially if they maintain a low risk and it's not affecting them negatively, just as we see in casino betting and sportsbook betting. For me, it's a choice, and I prefer it if people try it with a very low amount, to know if it's good for them or not, instead of outrightly concluding that it's bad for everyone.

By the way, what binary option broker were you using that time? I asked because my issue with binary option is not about winning, but the right broker to use. Almost all of them, if not all, are fraudulent.