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.

[Gozie51]

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

Which trading is not risky?

All kinds of trading is risky and you have to trade according to the professional way which is to mitigate your risk and loses. If you don't do that that you will still lose in the trading that you are involved in. Just like gambling, a trade that is not taken in the right direction must result in loses. So it is better trading with caution and not to gamble in the name of trading. If we choose a particular price direction then we have to do that with amount of money we can lose except the trader is consistently losing in all his order chosen then quiting is the best option.