Wednesday, 12 August 2015

Binary Options

Binary options is a form of trading assets which consist of stocks, forex, indices etc.  This is really a form of gambling where for example you are betting whither Apple's share price will rise or fall to $x amount in a specific time frame.  This time frame could be months long or more instantaneous like in 30 seconds.  This kind of trading can be very rewarding financially but it can also leave you broke.
Forbes.com warned persons to stay away from binary options.


Binary options trading is popular because it is so easily accessible since there are numerous websites being created daily.  All you have to do is sign up, pay the minimum fee required for that particular website and start casting your bets.   The website will always have a graph depicting how the trading is going, if you feel base on the trend of the graph that Apple's price will rise then you place your bet on a "call", therefore you buy a "call". If on the other hand, you feel Apple's price will fall then you place your money on a "put", therefore you buy a "put". 


Some of these websites are definitely scammers but from some reviews online there seems to be some reputable ones out there.  I have personally tried two websites, which are IQ Option and marketsworld, both have a minimum fee of $10 to start.  I am sorry to report that I lost my $10 at both websites. Some of the websites that got good reviews ask for minimum of $200 and over to start trading/gambling.  One of the top is 24option, unfortunately I have not tried it since for me $200 is a lot to lose but maybe with some positive feed back from you  I just might try it.  If you are still interested there are websites where you can get a list of the top-10-binary-options-brokers.

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