Binary option trading is one of the things being pushed online as an easy way to make money. I tried trading these options and lost a large amount of money in a short period of time, and i realized that wasn't trading, it was more like gambling than anything else.
They tell you it is very easy, all you have to do is guess if the price of the option is gonna go up or down in the next 5 minutes, so the odds of winning are 50-50, but what they don't tell you is that the odds favor the house just like any gambling institution. If you win you'll get between 65 and 85% of the amount you bet, but if you lose you'll lose 100% of your bet. So you have to be really lucky to get any winnings.
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They tell you it is very easy, all you have to do is guess if the price of the option is gonna go up or down in the next 5 minutes, so the odds of winning are 50-50, but what they don't tell you is that the odds favor the house just like any gambling institution. If you win you'll get between 65 and 85% of the amount you bet, but if you lose you'll lose 100% of your bet. So you have to be really lucky to get any winnings.
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