• Legit Binary Option Platforms

One less scam in binary options: the former director of TB Options, was sentenced to 4,5 years in jail after he defrauded traders out of almost half a million pound in the UK. The announcement has been made by the city of London police.

Don’t believe reviewers who pitch binary options as a quick fix for your financial problems. In reality, nothing can be farther from the truth. How does Binary Options Trading work? Binary options traders, such as gold, stocks, markets, etc. Simply put, binary traders try to predict whether the value of such assets will increase or decrease during a certain time frame. If your prediction comes true, you will win and If the value doesn’t change as you predicted, you will lose all the money invested to lock in your prediction.

Presented this way it becomes obvious that binary options trading is more like sports betting than Binary options is nothing more than betting on financial assets, much like you would bet on the outcome of a sports game. So, is it a scam? This doesn’t make binary options a scam.

It’s just not an investment. The majority of binary options brokers are legit businesses. As legitimate brokerage houses, your money will not be stolen and you won’t be defrauded. can i trade bonds on binary options

The problem is that the majority of brokers promise unrealistic expectations. The average user does not get results like these. The most common way binary brokers attract new traders is to show them cases where simple people managed to win huge amounts of money by just trading low amounts on gold and other popular assets. Sure, cases like that do exist, but they are the exception not the rule. The same way some sports gamblers manage to win extremely large sums, skilled/lucky binary options traders occasionally make bank. However, this happens extremely rarely.

Binary options 5 min strategy,. Not knowing this, a lot of people sign up with that offer unrealistic winning promises. In the end, lots of people end up losing all of the money they put into the system. But can you really win?

The biggest factor in winning at binary options is LUCK. But yes, you can really win. The thing brokers will not tell you is that you will have to put in a lot of effort and research if you want to win consistently. And even then, luck is the most powerful variable. Like in sports betting, if you want to win you will have to have a great knowledge about the sport in question and about the teams that are playing. You will have to understand the game, the strengths and weaknesses of the teams, and the skills of the players.

You will have to know about historical performance, fitness levels, injuries, and dozens of other variables. Even then, things might not go your way. If you factor in all these variables then you probably will win in the long run. Site for binary options signals. It’s exactly the same in binary options trading. There are countless variables and risks that you will have to consider in order to accurately predict the future development of an asset. Issues like time of the year, state of the economy, political developments, economic performance of key market makers, recent business news and events are constantly influencing the movement of stock prices and commodities.

In order to be able to accurately predict the movement of an asset, you will have to be up to date with all of this info. Also, in order to be successful you will have to understand a variety of technical data as well, such as being able to read charts,, understand statistic calculations, and much more. the most reliable forex broker As you can see, binary options is much more than just investing $100 on gold and then getting $300 back 10 minutes later.

Legit Binary Option Platforms

If this is your approach, then you will lose 100% of your investment sooner than later. But that sounds hard! That’s exactly what solid binary trading requires. I know most entities advertising binary options make a lot of bold promises, but in reality it’s much more complicated. In order to really make money you will have to invest significant amounts of time in market research and learning about the technical aspects of this business.