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Re: IS BINARY OPTION GAMBLING ?

In my opinion we can not classify any trading business as gambling because we need experience, analysis and risk management to carry out our trades whereas gamblers only make bets.

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Re: IS BINARY OPTION GAMBLING ?

Basically, I think BO are ok, but I heard that the most vague factor is time. Even if you guess right on whether the price goes up or down, you can be screwed by the expiration as it's much harder to predict WHEN the movement happens.

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Re: IS BINARY OPTION GAMBLING ?

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Re: IS BINARY OPTION GAMBLING ?

Is binary option good to make money. It look good to make money but you can loose your money very quickly such as these options.

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Re: IS BINARY OPTION GAMBLING ?

the difficulty with binary options is the time frame.  You could be right about the direction of a pair but the time frame is just to hard to predict.  Your chances are much better with Forex trading, more like investing and less like gambling.

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Re: IS BINARY OPTION GAMBLING ?

I have always thought of Binary option as gambling. It's basically a toss of the coin along with expiry. So you don't have the "luxury" of waiting for it to turn back, for you are up against the clock. I think it would be more enjoyable going down to the local casino  wink

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Re: IS BINARY OPTION GAMBLING ?

Binary options is basically the same as forex. The difference being that it has an expiration period which is not the case for forex.

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18 (edited by Morst1962 11-27-17 16:00:51)

Re: IS BINARY OPTION GAMBLING ?

Binary option, not gambling we can predict the price if we used a correct indicator that can help us trade at the right time.

The problem that makes us loose we trade too greedy and continues trading when we lose.

If we trade with patience and control emotion I convince we can make profit on binary option.


mass payments

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Re: IS BINARY OPTION GAMBLING ?

It is often gambling.
Worse, the sheer number of scammers on the binary options market make the risk even larger.

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