Anyone here trade binary options? Trying to figure if this is a gambling vehicle or one can really make money do it
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I looked at the definition of Binary Options and I would personally pass. From what I gather you're buying the options for that day at a certain time. I don't like the same day buy/sell.
Binary option - Wikipedia, the free encyclopedia
I would try regular options first.
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They have "options" to pick the direction of stocks and currencies..You can choose to bet a 60 second timeframe or 1 hr...SO if a stock is trading at $30.25 you can make a wager will it be higher or lower withing whatever time frame you select (60 seconds, 1 hr) etc..Its pretty cool but seems more of a crap shot...
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Originally posted by joshuab1 View PostThey have "options" to pick the direction of stocks and currencies..You can choose to bet a 60 second timeframe or 1 hr...SO if a stock is trading at $30.25 you can make a wager will it be higher or lower withing whatever time frame you select (60 seconds, 1 hr) etc..Its pretty cool but seems more of a crap shot...
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Originally posted by BettorsChat View PostI wouldn't use Binary options as it's too risky. Of course I don't recommend penny sotcks or pink stocks.
Seems like moneyis starting to ease up a bit... where can we collect some of that geetus ??
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