Most people complaining about Binary Options, unless the broker is a cheat, have found it difficult to trade them. When u agree to trade “these things”, of course biased to the platform owner, then u have agreed to the challenge. Tell us where the market is going and we give you 80%, the broker may say. And you agree. That is why u click the trade.
Just make sure that before u click on the trade you are very confident the market will agree with you. EG, the GBP/USD is trading very low(oversold); it is 9.00AM, and the next news in RED(at forexfactory) is British CPI. Previous was 0.00001, just example, and expected is 40. Two and a half hours to the great news and the Pound is still oversold? Why wouldnt you go in with a call with a good portion of your account? Definately, people will begin buying the Pound in anticipation of the rising CPI.
I am not saying this is the only way to “gamble”; i more than doubled the account at “BROKER X” last month using another method. When the broker got wind of my “pick-pocket” system, guess what he sent into the platform. Server load too high, please try again…, Option not available…, Option price has changed…, name it.
My conclusion is that trading systems for binary options can exist if we care to create them. The problem is that the brokers dont like them. Remember, these are not brokers: when u trade binary options, you are not exchanging for instance by buying from another person on the other side of the globe, in which case the broker would get a commision for connecting the deal. It seems like when u win a binary, the broker uses the deposits of other guys to pay you. And supposing all of you have a good system? No, this cant happen; the “brokers” know that more than 80% of you will lose. So they will always have enough money for their shopping and paying the winners.
I suppose even the platform developers should be having back-door codes that can be used to make the trader lose. I have examples but for lack of space or time.