Not really... it's not exactly old school trading bit you are still predicting the markets and reading charts and news to help you "bet". You can easily turn it from a 50/50 win chance to 60/40 or 70/30 in your favour.Binary options is gambling, no different than putting your money on black or red on Roulette, apart from you get a better return on Roulette.
Not really... it's not exactly old school trading bit you are still predicting the markets and reading charts and news to help you "bet". You can easily turn it from a 50/50 win chance to 60/40 or 70/30 in your favour.
Course you can. Binary options doesn't have to be just 1 minute. There are hour long and even 6 hour long expiry options available.Not really......you can't predict anything over such a short period of time.
This is basically the sane as saying Horse Racing is not gambling, because you can go off past form and other horses form and shit.
Course you can. Binary options doesn't have to be just 1 minute. There are hour long and even 6 hour long expiry options available.
Well, if a feature is on a strong downward trend and has been for say the last 2 days. Then chances are that it will continue on that downward trend and you can confirm using other indicators and news updates. A 1 hour option in this scenario would definitely be in your favour and therefore not gambling.I am well aware of this. I was more going for hour / 6 hour options as gambling, I didn't want to point out the blatantly obvious that 60 second binary options are gambling.
Well, if a feature is on a strong downward trend and has been for say the last 2 days. Then chances are that it will continue on that downward trend and you can confirm using other indicators and news updates. A 1 hour option in this scenario would definitely be in your favour and therefore not gambling.
In my opinion, if anything has over a 50% chance of winning and you can do it continuously then it shouldn't be classed as gambling.
Course it will fluctuate but chances are the trend continues.Show me a pair, which during even a very strong trend on D1 doesn't fluctuate on M30/H1.
Oh man, you should be doing Forex, you could make much more money than on binary options...
Not to mention, in binary options, you're actually betting against the broker.
as I'm having a hard time financially.
HahaSay no more.