is binary trading just gambling?

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Comments

  • mrb23771mrb23771 Posts: 10

    I can understand if someone like you get offended by people referring to trading as gambling, but try to understand that they're not necessarily referring to someone doing it right, but to all the people who are trading with little or no skill at all. At least that's what I meant. Having said that, if I were to get good at trading and someone called what I'm doing "just gambling," I'd probably get pissed off and see them as ignorant. So I definitely see your point.


    I'm not offended in no way. To be honest, my skills in trading are terrible, that's why I am learning and trading on a demo account so I loose only monopoly money. My goal is to build up skills, learn to act and to think as a trader.

    If I wouldn't think that way, I would be gambling, and as most gamblers do, loose money.

    That's why people are saying, "binary options is gambling", but these people never take responsibility for the fact that they let themself guide by greed and the arrogance that you can learn how to trade, read trents, understand markets within a couple of weeks or days.

    Also, even trusted binary brokers are to blame, putting up adverts to make profit. On the other hand, how stupid can you be, to think that once you start trading money comes pouring down like rain?

  • suchiangsuchiang Posts: 63
    edited September 2016
    Hello guys .. do you think of me i was a glambler .. offcourse not i am not a glambler ..i trade almost 3 year in binay options .. here my trading history -win 60% , lost 40% most of the time . But control your drawdown if you have a loosing week
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  • Hello. I believe that the binary options can be perceived in two ways. First , if you trade without a strategy and excitement tightened , it will be like playing in a casino ( without knowledge of the tools and other things) .
    Second , when you have an understanding of what you're doing here , especially on the trade without succumbing to gambling strategy.
  • Okane said:

    Binary Options is like most other things in life; you can
    approach it like if it was gambling and waste your money
    if you have too much of it or you are too lazy to learn and become a trader.
    Those binary options ads you mentioned, they are obviously exaggerated, but then again;
    which ads are not exaggerated? Glad you don't believe them...
    I just don't know why, when it comes to BO, some people
    suddenly think all ads should tell you the entire truth. I guess the promises
    of making millions overnight makes people stop using their brains lol.
    Like, Redbull does not make you fly, as far as I know.

    Yes, knowledge helps! But you can't gain knowledge overnight.
    Start learning and don't focus on making a few bucks per week.
    Focus on trading. Consider the money the prize
    for making good trades.

    Hello people,
    I´m "gambling" at binary.com and have recognized some "irregularies"! This "irregularies" we can also call betray!
    You can see it at www.binary-betray.com . Could it be, that some serious brokers are existing?

    greetings Richard from Germany
  • TBN said:

    Oh please BO is not gambling. If you can TRADE its about the GEO and STRUCTURE of price patterns. If you throw DARTs at it like a noob then yup its gambling. I trade with 70% + am I gambler? rofl please
    peace,
    The Nerd

    TBN said:

    Oh please BO is not gambling. If you can TRADE its about the GEO and STRUCTURE of price patterns. If you throw DARTs at it like a noob then yup its gambling. I trade with 70% + am I gambler? rofl please
    peace,
    The Nerd

    Hello TBN,
    my English isn´t very good. Its long ago...
    So, if you´re trading short running binary options, there is neccessary a heavy part of luck for winning.
    But the broker in my case makes winning impossible! If you try it, you will understand.
    I´ve tried to declare it at my website. I can´t do anything else for warning of this broker.
    I´m also in win, but with 5 minutes options and by an other broker.

    Best regards
    Kurt
  • TBN said:

    Oh please BO is not gambling. If you can TRADE its about the GEO and STRUCTURE of price patterns. If you throw DARTs at it like a noob then yup its gambling. I trade with 70% + am I gambler? rofl please
    peace,
    The Nerd

    You can trade with less profitability and to always be in the black.
  • These are called chart patterns and are used all around the globe, not only by binary options traders and forex traders but also by investment banks' employees who run the trading desks.
  • fxanywherefxanywhere Posts: 18
    You can win in binary options in the short-term but in the long run you are likely to lose because premium price you pay (25%) is too high. But skillful traders manage to make good money for example from Optiontrade because their BO options allow to increase your win rate.
  • MalvridMalvrid Posts: 46
    Binary options - it's truly hard, if you want to figure them out and get a stable profit from it, but nowadays nothing is simple and not risky. If you want to live a better life, multiply your savings, then this is a much better option than casino, but before starting trading here you need to prepare for it properly, and that's not a problem, there's lots of literature about it right now, videos, opening a demo account, testing it all you want, parallel to that using successfull strategies on a real account.
  • costascycostascy Posts: 1
    It could only be gambling if you have no idea what your doing , what are the risks involved and how people can win or lose money. if its luck then possibly could consider as gambling.
  • BenjaminBenjamin Posts: 2
    14 Tellon, the truth about this is that if you have no experience in it then it is like gambling. However if you know how to use indicators then it is not. As using indicators as well as looking at historical trend means that you are making an informed decision on each trade that you are placing, which means you are then actually trading making use of the information to inform you that you are more likely to be ITM. The attractive thing about BO is the payout potential, as compared to Forex, which is more often than not a leveraged product (more risk) BO is attractive due to the ease of winning with it, bearing in mind what has been said at the beginning of the post.
  • BenjaminBenjamin Posts: 2
    What Nightgard has said in his first post is thoughtfull and realistic as well.
  • The_Geek_MHThe_Geek_MH Posts: 464 mod
    Benjamin said:

    14 Tellon, the truth about this is that if you have no experience in it then it is like gambling. However if you know how to use indicators then it is not. As using indicators as well as looking at historical trend means that you are making an informed decision on each trade that you are placing, which means you are then actually trading making use of the information to inform you that you are more likely to be ITM. The attractive thing about BO is the payout potential, as compared to Forex, which is more often than not a leveraged product (more risk) BO is attractive due to the ease of winning with it, bearing in mind what has been said at the beginning of the post.

    gambling or not gambling has nothing to do with knowing how to trade, knowing how to use indicators and etc. The difference is in the approach. markets can be speculated in a realistic manner using money management and other techniques to lower risk. But they can still be gambled if you don't follow the smart rules and choose to be too risky, or trade without a system.
  • john8912john8912 Posts: 10
    Definitely not a gambling if you know what you are doing. And that comes with hard effort, time and consistency.
  • jamesthomesjamesthomes Posts: 8
    Binary options are not gambling simply because there are regularities one can exploit in order to make money. These are called chart patterns and are used all around the globe, not only by binary options traders and forex traders but also by investment banks' employees who run the trading desks.

    Chart analysis is a legitimate tool to analyse the market and predict future movements in prices. This does not mean that there is no risk and that any simple strategy will do. There is a lot of work each trader needs to do before she can become a true master of the market. On the other hand, gambling involves a lot of luck.

    In casino games, players are dependent on the system settings
    In sports betting, players depend on many variables that determine the outcome of the match. Also, not all matches bring best returns, while higher grossing matches also carry more uncertainty.
    Poker is a game of skill and players rely on a different set of individual and non-structured guidelines they themselves came up with.

  • The_Geek_MHThe_Geek_MH Posts: 464 mod
    I agree with you on chart analysis and trading as a means of mitigating risks and making it less like gambling but there are some things to consider.
    First is that the indicators and chart reading is very subjective. One man's entry is another mans exit. Second, just because trading can be done within a framework of rules and systems that make it less like gambling, you can still gamble your ass away while trading with no troubles. Just saying.
  • The24thPanzerThe24thPanzer Posts: 3
    suchiang said:

    Is binary trading just gambling?

    Yes , is Gambling ..Because you have to win 60 % above in order to make money ..if you bet 100$ and the broker pay only 70$ and where is the 30$ gone .. bet 100$ and pay only 70$. lol
    If you trade a large account size ,the broker will make more money than you.
    If you lost 3 or 4 trade you loose more than you win .

    In other word why binary option company is not regulation by (CFTC united stated), (FCA united kingdom ) and (ASIC australia ).
    and one things binary option industry ,They dnt have a international office like other broker .
    Mostly binary option industry are regulate by Cysec . ( if you dnt know about cyprus country do google search )

    When you bet 100 dollars on a 70% return, you get the 100 back you bid, plus 70, the remaining 30% will go towards your broker. If you win a bid, you are always making money. The way you have worded your statement is wrong. You have to be in the general area of 65%... If you trade 100 times at 100 dollars and lose 72 bids... Jesus help you... but... if you win 72 bids... Good luck.

    Binary options is not for the weak of mind or faint of heart. Its not for everyone.

    Is it Gambling... What isn't? But I consider it a calculated gamble, not blind.

    Think, if you were good at counting cards, went to a casino and stood there for an hour or two doing your thing at the card table. Sit down, and start playing... Are you gambling, or working?

    If you come into the game without any notion to learn, and just to make a million dollars, you might as well go play cards with the sharks... You WILL lose every time.

    If you have the willingness to learn, then do so. It helps to know what you are doing.
  • BossBoss Posts: 31
    Where one trader will succeed using a particular system, the other will fail. The thing is that you need to use your brain regardless of the system or strategy.
  • JiglerJigler Posts: 34
    It's wrong to compare binary options with a roulette or similar games. Here we talk about strategies and certain trading patterns and not just luck. Also, with binary options a lot depends on the trader.
  • Mikehills101Mikehills101 Posts: 6
    Based on what I experienced, before without knowing about the difference, binary trading can certainly be a gambling. But as soon as you understand how it binary trading works and of course with the help of other people who are experts in this kind of business, you'll understand its two different things. How you take trading is what I think differs from the word "gambling"
    Proud Member of Investing Slack Group - an exclusive investing chat community.
  • yasimyasim Posts: 4
    There is sure difference between gambling and trading. To gamble is the risky guessing without any fundamental knowledge and experience about how it works. And to trade is opposite – you know the logic and you know what to do mostly, not guess.
  • MalvridMalvrid Posts: 46
    That's an incorrect opinion. Binary options aren't in any way connected with gambling.
  • The_Geek_MHThe_Geek_MH Posts: 464 mod
    Malvrid said:

    That's an incorrect opinion. Binary options aren't in any way connected with gambling.

    that's an incredibly naïve or intentionally misleading statement.... the nature of binary is very much like gambling, all or nothing positions that make or break in minutes or less, its the approach that is different, and the game itself. True games are totally up to chance, with trading the advantage always lies with the trader because you can win consistently.
  • RestrictoRestricto Posts: 11
    I don't think that binary option trading is gambling. Traders rely on their skills and not just luck.
  • PanXPanX Posts: 23
    I received an email with some binary options success stories from a woman named Susan this week and it was very uplifting . She told me how she had no experience in binary options trading and was looking for ways to increase her income all over the Internet for months. When she came across binary she emailed me and asked me for advice on what she should read. I remember this email like it was yesterday because since our correspondence has been frequent and positive.
    I saw Susan go through ups and downs as she learned the binary options market and what trades to take. Over just a few months time Susan has established an impressive binary options income of around $8000 a month. This may not seem like a lot to you considering how much I make in my income reports but it’s a great place to start and a clear binary options success story.
    For assistance, feel free to connect with me via e-mail: hawkingmarcus@yahoo.com
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