1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Are binary options scams?

Discussion in 'Social Networking Sites' started by Jodeh43, Jul 14, 2013.

  1. Jodeh43

    Jodeh43 BANNED BANNED

    Joined:
    Sep 26, 2012
    Messages:
    94
    Likes Received:
    9
    So my exact questions is binary options scams or legit can you really spend 100 dollars and end up with 500 or more if u gamble right and if so it is as easy as predicting whether it will go up or down? How much does it cost to get started also?What is the best broker for this?
     
  2. TheMasterOfMoney

    TheMasterOfMoney Jr. VIP Jr. VIP Premium Member

    Joined:
    May 22, 2010
    Messages:
    699
    Likes Received:
    1,402
    Home Page:
    The best broker imho is Banc de binary and no, it isnt easy, you should understand what you are doing
     
  3. Jodeh43

    Jodeh43 BANNED BANNED

    Joined:
    Sep 26, 2012
    Messages:
    94
    Likes Received:
    9
    Based on youtube and some of those videos on there it dosen't look to difficult. What do you find that is so hard about it if i may ask?

    Like i said im not to familar with it i traded stocks but not binary options. So maybe there is something i dont understand about it. Correct me if i am wrong but you just predict if it goes up or down in a fixed interval amount of time right?
     
  4. Zuuuu

    Zuuuu Regular Member

    Joined:
    May 9, 2013
    Messages:
    472
    Likes Received:
    172
    You have to learn a lot of tips/tricks and to read a veery very big library and if you are smart you can earn a lot of dollars
     
  5. Jodeh43

    Jodeh43 BANNED BANNED

    Joined:
    Sep 26, 2012
    Messages:
    94
    Likes Received:
    9
    Do tricks consist of looking at trends? So you basically have a 50/50 shot at making money right?
     
  6. TheMasterOfMoney

    TheMasterOfMoney Jr. VIP Jr. VIP Premium Member

    Joined:
    May 22, 2010
    Messages:
    699
    Likes Received:
    1,402
    Home Page:
    It is hard to understand the market. Using the platform isnt hard.
     
  7. royserpa

    royserpa Jr. VIP Jr. VIP Premium Member

    Joined:
    Sep 28, 2011
    Messages:
    4,650
    Likes Received:
    3,493
    Gender:
    Male
    Occupation:
    Negative Options aka Rebills!
    Location:
    Royserpa
    Home Page:
    Op you are better at s casino. All in red, black never hits :D
     
  8. Jodeh43

    Jodeh43 BANNED BANNED

    Joined:
    Sep 26, 2012
    Messages:
    94
    Likes Received:
    9
    Why have you tried binary options?
     
  9. Jodeh43

    Jodeh43 BANNED BANNED

    Joined:
    Sep 26, 2012
    Messages:
    94
    Likes Received:
    9
    I dont think it will be to difficult for me as i trade stocks and not to brag but im pretty good at it. But i was amazon when i heard of binary options and you can actually flips your investment over like 200 percent in a few minutes. I was just wondering if it was a scam or not?
    But in reallity it is a 50/50 shot of making money correct? if you pick it to go up or down im no mathematician but there are only two choices and one can only be right so it is a 50/50 shot or am i misunderstanding something here? Because that almost seems to easy.
     
  10. adam911

    adam911 Newbie

    Joined:
    Jun 2, 2014
    Messages:
    14
    Likes Received:
    2
    Occupation:
    crazy money maker
    Location:
    London, UK
    In the theory you are right. 50/50 for the result. but binary broker takes large margin and the winning payout would be not 100%, but up to 85%.. the same thing you have with casino and betting. really hard to beat the margin on the long-run. but definately few people do
     
  11. michaelfisher

    michaelfisher Newbie

    Joined:
    Oct 17, 2013
    Messages:
    5
    Likes Received:
    0
    Like some members already said, it's not 50/50 since the margin and the payout which can go up to 90% against a 100% negative payout when losing a trade, i would say it's closer to the 70/30 area.