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?
Are binary options scams?
TheMasterOfMoney
Senior Member
- May 22, 2010
- 824
- 1,460
The best broker imho is Banc de binary and no, it isnt easy, you should understand what you are doing
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?
Do tricks consist of looking at trends? So you basically have a 50/50 shot at making money right?
TheMasterOfMoney
Senior Member
- May 22, 2010
- 824
- 1,460
It is hard to understand the market. Using the platform isnt hard.
Op you are better at s casino. All in red, black never hits
Why have you tried binary options?
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.
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
michaelfisher
Newbie
- Oct 17, 2013
- 5
- 1
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.