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Contributor There are lots of ways to lose your money in this world but here’s one I hadn’t encountered before: binary option Web sites. They have become popular over the past few years with new ones appearing all the time: anyoption.com, bulloption.com, spotoption.com, binaryoption.com, etc. The sites appeal to the same type of people who play poker online.

But they somehow have an aura of being more respectable because they represent themselves as offering a form of investing. Don’t kid yourself.

Binary options forex signals. These are gambling sites, pure and simple. It’s probably just a matter of time before regulators move in on them. Until that happens, they seem to be doing great business. A Google search for binary option Web sites produced 870,000 hits with promotions like “earn up to 75 per cent every hour” and “81 per cent profit in one hour or less, trade all major markets”.

You can buy these, which are also known as all-or-nothing options, digital options, or Fixed Return Options (FROs), on stocks, commodities, indexes, foreign exchange, and other derivatives. In fact, you can place a bet (which is what it really amounts to) on just about anything that is publicly traded, depending on which Web site you use (some offer a wider range of choices than others).

Some sites provide free guides to binary option trading to get you started. I was alerted to this phenomenon by a reader who sent me this email: “My dad has recently gotten involved with trading binary options online. The basic premise for the site he uses is at a specific time, say 1:25 p. Binary options live trading rooms. m., you can put down perhaps $100 that XYZ stock will either increase or decrease in price within five minutes — by 1:30 p.m. If you are wrong, you get $15 back. If you are right, you win about $70.

“I’ve proven to him that, mathematically, the site has an edge and you must be right 55% of the time in order for your bet to have a neutral expected value. I am also a professional online poker player by trade so I have an extensive understanding of probability, the online gambling markets, and how these sites work. The problem is he feels he is at a great advantage, citing his ability to read a bunch of charts, follow news, etc.

He is a smart man, a former lawyer, and has been following stocks for years, but I feel that he may be overestimating himself here. I’ve looked into online binary options trading a bit and it seems to me that the consensus is that very few people outside of professional traders can beat the trading sites consistently for good money. My dad is up $2,500 or so betting $100 and $50.

Although Trading Binary options in the UK can be done and through a number of brokers, only certain brokers are legally allowed to be offering their services to UK clients. As a UK based trading community, the Binary Trading club knows the ins and outs of the regulators environment. Trade binary options uk. It is a growing area of trading in the UK, and that is one of the reasons why we are aiming to provide the definitive guide to binary trading in the UK. Get in touch here. Binary options trading is a high risk investment tool.