very true. Binary options is just the same as Forex trading
I'm afraid it just isn't.
Trading forex binaries has some similarities to forex trading, certainly, but the reality is that it also has an additional disadvantage to aspiring traders in that in addition to all the normal problems and difficulties and requirements of trading forex successfully, there's also a significant, extra, built-in house edge to overcome as well.
Been down this path before. Beating the 3-1 win loss ratio, sharp spikes, spread manipulation. Oh and on the line close counts as a loss. What is it? Its BETTING whether price is going up or down. Its not an asset and the trader DOESNT own the underlying asset.
Do some of you forum posters actually trade binary options? It seems as if every post has a guy that says don't trade binary options. You can make money using binary options just as people make money trading forex, or stocks. As long as you choose a reputable and regulated broker. Also have a stratgey.
That really depends on the trader. I think most blow their accounts faster than in forex as the ad campaigns are much worse claiming no knowledge needed etc. Can you make money? Yes, it is possible but as always you need to know what you are doing. It has little to do with gambling unless you for those ultra-short expiry times.
I can agree with you on this. Short expiries as in 30 secs, 60 seconds and 5 mins are gambling but 1 hour and 1 week expiries? Its different.
No I'm just here to defend another kind of financial instrument that is highly speculative. At the end of the day, I have put money in and completed a withdrawl with no hassle. But for anyone results may very. Do you even trade binarys? Have you ever traded binarys with a regulated broker?