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

[Jankuokm]

There was a time when I was involved in binary trading—a form of gambling. I believed that by doing this I would earn huge amounts of money and be able to do a lot for my family. To be honest, I got into it mainly out of greed. I joined many groups, listened to countless promises, and tried again and again. But in binary trading, there was nothing but loss after loss. Later, through the EKTA community, I entered the world of crypto trading.

 I had always been interested in crypto, but I never actually started. When I finally did, I understood what trading really is. Trading is not gambling—trading is a business. And this business can be done very effectively and more safely through crypto spot trading. Alhamdulillah, today I am in a much better place than before.

To those who are still involved in this so-called binary trading gambling
Brother, leave it.
Learn proper trading.
Save yourself.
Protect your future.

[Oshosondy]

Yes, binary trading is gambling, but why advising people to stop binary trading? Some people are visiting the gambling sites and also the prediction sites often.

I like your post, but I do not like the advise. You have posted that it is risky and that it is gambling, that is enough for people to decide whether to leave it or not.

Trading also is risky, although more good analyses and excellent approach and risk control can help to financially make money from trading.

But people should trade with the amount of money that they can afford to lose.

[dunfida]

Yes, binary trading is gambling, but why advising people to stop binary trading? Some people are visiting the gambling sites and also the prediction sites often.

I like your post, but I do not like the advise. You have posted that it is risky and that it is gambling, that is enough for people to decide whether to leave it or not.

Trading also is risky, although more good analyses and excellent approach and risk control can help to financially make money from trading.

But people should trade with the amount of money that they can afford to lose.

I have that bad experience when it comes to binary options on which i had able to bust up tons of money with that on which i had some experience about making fast money with it but on long term approach on which we know that it cant be just that possible that you would be able to become profitable all the time. Why? you cant be able to put up some analysis with that 10 seconds or 1 minute market session on which it is that considered on the gambling side of things because outcomes and results will definitely be that totally random even if you do say that you do apply some technical analysis but having those movements in a short period of time is definitely that something that you wont be able to find yourself that profitable in longer runs just because applying trading to gambling is definitely that fit out.

Is it a trap? Well its not a trap if you are that having fun on predicting prices when it comes into its movements but make it sure that you would be only spending into the amount that you can afford to lose as always.

[kentrolla]

Anything which has to do with prediction or gambling will be a scam on long term, you may see some success initially but it's a trap to get you risk more money and at some point it becomes like human verses computer and it's obvious that you cannot defeat computer or bot. I would say it's always better to learn and understand the technical analysis and trade rather than attempting for shortcuts and ending up losing money as I have seen so many people losing a fortune in gambling and binary trading. I am also against so called signal channels and groups who do manipulate to show only their winning trade to trap users to buy their premium.