You won’t read any articles or blog posts about investments without any mention of binary options. Though this scheme has already been tried by many people, some are still doubting if it’s real or just plain scam.
But before peeling the layers of this question, let us first lay out the basics of binary options trading.
The framework of this scheme lets traders speculate on the future value of certain assets such as stocks, gold, currencies, and other assets. It’s a prediction game, actually. If your prediction about their value is right, then it means money, but if you’re wrong, then it’s all about losing.
Investing vs Betting
Does the objective of binary options trading seem familiar to you? Yes, it seems much like betting more than investing, isn’t it?
Actually, it is. This controversial investment is actually about betting, only on a whole new level. This scheme is legal, but the real danger in this venture is the brokers that offer binary options trading. They promise unrealistic rewards to entice more people to bet. Basically, the more people they convince to bet on binary options, the more money they earn.
As with any kind of gambling, LUCK is one of the factors that drive this game.
But since that what you are predicting is about the value of certain assets, predictions can possibly be calculated. However, you first need to gain key skills such as using technical indicators, reading charts, and understanding statistic calculations.
With these things, you’ll be able to inject mathematics on your every prediction. It means predictions with solidness within it -not just a whim in the air.
Binary options trading is not just a mindless way of betting. It requires patience to sift through much overwhelming information. It requires a strategic mind to come up with a solid prediction.
This is the betting of the 21st century. Are you in?
Also read: Forex Books: Are They Worth The Flip?
