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Likewise, if you browse our site you will find additional information about the legal status and legitimacy of financial betting.
Simply put, binary traders try to predict whether the value of such assets will increase or decrease during a certain time frame. If your prediction comes true, you will win and earn a commission on your investment. Presented this way it becomes obvious that binary options trading is more like sports betting than real investing.
Binary options is nothing more than betting on financial assets, much like you would bet on the outcome of a sports game. So, is it a scam? The majority of binary options brokers are legit businesses. The problem is that the majority of brokers promise unrealistic expectations. The average user does not get results like these. The most common way binary brokers attract new traders is to show them cases where simple people managed to win huge amounts of money by just trading low amounts on gold and other popular assets.
Sure, cases like that do exist, but they are the exception not the rule. However, this happens extremely rarely. Not knowing this, a lot of people sign up with binary options brokers that offer unrealistic winning promises. In the end, lots of people end up losing all of the money they put into the system. But can you really win? The biggest factor in winning at binary options is LUCK.
But yes, you can really win. The thing brokers will not tell you is that you will have to put in a lot of effort and research if you want to win consistently. And even then, luck is the most powerful variable.
Like in sports betting, if you want to win you will have to have a great knowledge about the sport in question and about the teams that are playing. You will have to understand the game, the strengths and weaknesses of the teams, and the skills of the players.
You will have to know about historical performance, fitness levels, injuries, and dozens of other variables. Each game was created the way to offer the gaming provider an advantage; no matter what you do, the dealer always wins in the long run. Financial trading however is not a game that someone just invented. Can you really make money? Based on the description given above, yes, you can indeed make money in binary trading.
And you making money has nothing to do with luck and chance. Trading on financial assets will give you the possibility to generate money on a consistent basis completely independent from luck and chance. This is another reason why binary options are not a scam. In any service that is a scam like gambling , the participants will never have the possibility to win based on their individual skill maybe with the exception of poker and all depends completely on luck.
Are ALL brokers real and safe? Unfortunately not all financial trading service providers operating these days are legal and safe. There are some brokers that are indeed scams and should not be trusted. Fortunately there are already a very large number of binary betting brokers that have a valid license issued in reputable countries. These brokers are never fake and never a scam and as such can be trusted by traders.
Few traders were successful; most lost money. The firms made a lot of money collecting commissions and profit share from the good traders. After my first year of day trading I was convinced that it was impossible, or nearly impossible to make money.
I began back in , after the bubble burst and volatility was at a virtual standstill. Few traders were making money with any of the traditional trading formulas that worked a few years earlier. When traders diligently followed the system they consistently made money. When I began trading with the system I made money on a consistent basis.
I opened trading floors to teach others to trade within this system, but most did not made money.
Binary options trading is legitimate, but incredibly risky. You’ve got to understand the the industry and the risks involved – and you might be better served staying away entirely. Don’t believe reviewers who pitch binary options as a quick fix for your financial problems.
Reviews of binary options brokers: Find out which ones are on the blacklist and should be avoided! Find the best and most of all safe binary traders for ! Before we analyze whether binary options is a scam or not I would like to take a look at day trading, an area which I have much experience, and see if day trading .
Legitimate binary options brokers tend to reveal more about their corporate background whereas scam brokers tend to be evasive and will try to provide as little information about themselves as they can get away with. Is Options Trading Real? Yes, binary options trading is a legitimate form of investing. In this type of trading, traders have the possibility to predict the future movement of certain assets such as stocks, indices, forex currency pairs and commodities.
Legit Binary Options Review provides binary options trading and broker reviews and updates. Binary Options and Forex trading educations and more. Jul 27, · I've looked into online binary options trading a bit and it seems to me that the consensus is that very few people outside of professional traders can beat the trading sites consistently for good.