If Binary Options could indeed be classed as gambling then all traders in stock markets are gamblers and surprisingly, many of them are some of the richest people on the planet. Unlike gambling, in Binary Options you CAN predict with a high degree of confidence how an asset will move! 8/9/ · If you take a look, on the surface, at trading binary options through an OTC (over-the-counter) binary options broker, it would appear that you may be gambling. This is because, on the other side of each of your trades, is the broker. The odds are in the broker’s favor. This is because you can only be the buyer of the binary blogger.comted Reading Time: 5 mins 7/30/ · So far, binary options are gambling and it is even worse than gambling because there is a lot of fraud and lies in it, but there is a difference in other markets except Forex which is similar to binary options You may lose a little by mistake at the time of trading, but Estimated Reading Time: 4 mins
Binary Options: Trading or Gambling?
This question has been repeated so many times that we thought it deserved a special section. A lot of people like to think that Binary Options is like gambling because you are basically investing your money on something that you simply cannot tell with a respectable degree of confidence. Since you are trying to predict whether the cost of an asset will appreciate or depreciate within a specific time period, binary option trading is gambling, you can either be right or wrong, regardless of what you may have learnt.
Gambling is extremely popular binary option trading is gambling world over; places like Las Vegas are frequented by millions every year who try to find that lucky break which will turn their thousands into hundreds or thousands or even millions. Of course such an outcome is tempting! All you do is show up, place a bet and chances are you will walk away with enough money to make the rest of your life hassle free and comfortable. Popular forms of gambling include lottery, horse race, casino games like blackjack, roulette, bingo.
There are even wagers which are placed on the outcomes of certain sports such as cricket and football, binary option trading is gambling, these bets include predictions such as who will win the toss, how much will the team score after a particular time period and whether a particular team will win or not. The decision to place a wager is purely an emotional one and there is virtually no way binary option trading is gambling the gambler can even hope to get a clue regarding whether the eventual outcome will be in his or her favor.
Gambling by its very nature is extremely risky and the odds from the get go are always stacked against you, binary option trading is gambling. Simply put, you are gambling if…. So does Binary Options fit the above description? Well for starters there is no way you can state with a hundred percent confidence that binary option trading is gambling outcome of the trade will go binary option trading is gambling you saw it, but the same could be said about anything else in life, ALL activities have some degree of risk attached with them and there is no way you can ever predict with total certainty that your plans will work out your way.
So there is no doubt an element risk that you might lose the amount you invested to purchase the trade. However, most people do not realize that part of Binary Options trading involves rigorous study of market trends, chart analysis and how assets tend to move from time to time. It also requires an understanding of binary options pricing, binary option trading is gambling. This is why those who bother to understand the market in general are the most successful at it. Therein lies the difference between gambling and investing, while gamblers are emotional people, willing to lose money against a hopeful outcome, traders are intelligent analytical people who have rigid money management strategies and place trades in carefully selected scenarios which offer the highest chance of a positive return.
If Binary Options could indeed be classed as gambling then all traders in stock markets are gamblers and surprisingly, many of them are some of the richest people on the planet. Unlike gambling, in Binary Options you CAN predict with a high degree of confidence how an asset will move! While this does not mean that all the trades you place will win, there are ways you can turn most of your investments into winning ones.
Risk in Binary Options can be brought down systematically by a careful use of charts, market analysis and strategies. With the aid of charts you can understand how the price of an underlying asset is moving so that you can make an informed decision, binary option trading is gambling. When you have the history of how the asset has been behaving through a set period of time, you can at least gain an idea as to how it may behave in the next few minutes or hours.
Next, you can use strategies to reduce the risk as well. Since each of the five trades will be placed a few seconds to a few minutes apart from each other, it instantly increases your chances of scoring a winning trade on at least a couple of them.
One of the biggest errors which both seasoned traders and gamblers commit is getting carried away by winning streaks. A smart investor knows when to call it quits and move away, under no circumstance should you invest more money than you can afford to lose and the best way you can hope to win at Binary Options is by trading slowly and steadily rather than hunting for those special days.
Binary Options Contact Us. Binary options — trading, NOT gambling Is Binary Options Trading Like Gambling? What is Gambling. Gambling vs.
Investing in Binary Options. Gambling Trading Money is wagered emotionally. Money is invested intelligently. Risk is maxed out. Risk is understood and accounted for. Gamblers like to rely on luck.
Traders like to rely on careful analysis and planning. Predicting outcome is often impossible. Outcome is treated as a statistical probability. Gamblers are easily tempted. Traders are inherently suspicious of too good to be true scenarios. Mitigating Risk in Binary Options Risk in Binary Options can be brought down systematically by a careful use of charts, market analysis and strategies.
Avoid the Winning Streak Pitfall One of the biggest errors which both seasoned traders and gamblers commit is getting carried away by winning streaks.
Binary Options Scam
, time: 9:57Binary Options Investing vs. Gambling: What is the Difference?
8/9/ · If you take a look, on the surface, at trading binary options through an OTC (over-the-counter) binary options broker, it would appear that you may be gambling. This is because, on the other side of each of your trades, is the broker. The odds are in the broker’s favor. This is because you can only be the buyer of the binary blogger.comted Reading Time: 5 mins Source: Wikipedia. By the above definition, trading in binary options does indeed fall into the gambling category but so does every other form of trading such as stock trading or currency trading. In fact, so many things that we do in life can be considered gambling 6/24/ · So, short answer to are binary options like gambling – yes, but they are not gambling! Although these websites are making huge businesses, and by searching through Google you would get around k hits with promotions that procure maximum profit in an hour, binary options are still more gambling than blogger.comted Reading Time: 3 mins
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