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You win and the casino loses. It is up to you to decide whether this is gambling or not. Additionally, you should know that making profits in this business is only possible if you can come up with a good trading strategy otherwise, you will lose all your investment. Brokers advertise this as an opportunity that you can use to get rich quick; these are all lies.
Without a solid working strategy, you cannot make profits. Following is an example showing how financial betting, aka binary options trading, work:. In my comment I want to touch a few subjects. First of all, I am also a victim of binary options; do not mistake for a second- it a well oiled machine operation from the middle east and has millions of victims and devastated lives behind them.
I was manipulated to invest 12K in 4 months time. Sometimes you win sometimes you loose. Once I explained to him what had happened, we started to search online to get more information and about the industry, we consulted a few law firms and decided that we are not going to let them to get away with it. After consultations with a few companies we did choose one MBL and we started to work to get my money back.
I must say I was so broke that my brother actually gave me money for the process- it was devastating. In the end of this story, in a few mounts time I managed to get the funds back. No good companies. If you are, a victim like myself, do know that you can solve this situation. Go, read online, consult with lawyers.
Just DONT let them get away. If i can- so can you too get your money back…. If you analyze it carefully, you will know Binary Option is a scam. But they put it beautifully that they only earn commission if you make money. Broker, not you!! Because they made the company lose an important customer like yourself..
They will entice you to pump in more money to trade conservatively. Believe or not, I know many has committed suicide because of your scam! They will haunt you down. You will not have good death!! You will never enjoy rest in peace!!! I invested in a Cyprus company called Opteck… and they lost all my money in two hours…. Opteck said they matched dollar for dollar. And all gone with out a guilty conscience.
After losing lot of money, I finally was able to make some profits. When I requested a withdrawal all calls stopped and they did not respond to my emails. It has been 2 months now and they have not sent me the profits. Live chat will sometime simply disconnect after knowing what the issue is. Sometimes, they tell me wait. I live in Pakistan, I tried to deposit money with my broker, but my credit card company called and told me that they are going to reverse the transaction.
They also warned me to never use my card for business purposes. Can someone suggest a work-around? How can I deposit funds with if I live in Pakistan? Please help! This certainly is betting, stay away from it. There is a lot of misinformation out there and conclusions are being drawn based on a lack of knowledge instead of being based on a deep understanding. This article will cover the interesting topic about how to classify whether the activity you are doing is considered trading or gambling and will uncover how to ascertain whether what you are trading is a financial instrument or not.
This statement shows a shallow understanding of binary options as well as financial instruments. There are a number of types of binary options and this article appears to imply that there is only one. There is also a Binary Options Exchange where you can be the writer and seller of binary options.
Well, it is if you are just looking at the outcome of one individual trade in isolation. If on the other hand, you are trading a system that has a positive expectancy then the outcome of a large enough number of trades is not uncertain anymore — you will make money! I would like to offer a different and novel approach to understanding the nature of trading and gambling. To address the issue as to whether binary options are gambling or trading, you have systematically look at each category of binary options and decide whether you can develop a system that has a positive expectancy or not.
If there does not exist a system of trading that has a positive expectancy, then you are gambling and what you are trading is not a financial instrument.