Binary Options: Financial Trading Or Gambling
Over the past few years, binary options have grabbed headlines as the hottest new way to make investment profits. It’s true that binary options have been around for much longer, but they have only become an easy and popular trading tool recently. Since 2008, binary options trading has become affordable and accessible, open to the average trader with investments as small as just ten dollars. Of course the high popularity of binary options trading has drawn critics. Some people suggest that it is just a new form of gambling, similar to slots or blackjack. First of all, binary options trading is not “just gambling”. Aside from the fact that there is nothing wrong with gambling (just look at your nearest state lottery), binary options trading has a key difference.
Is It Just Gambling
While gambling is a game of luck, binary options trading does take research and skill. You play black jack because it’s fun, but with a lot of research and real-time data at your fingertips to make real money trading. Of course it is possible to buy a few options for ten dollars each, with no research and no thought. However that will not make you any serious profits. If you take binary options seriously and put in the time to learn about market trends and world headlines, you stand to make great gains trading. Of course there are strategies to being a great blackjack player or poker player. There are also strategies to making great binary options trades. There is all kinds of information available online line about binary options, global markets, and economic trends, and more available becomes available every moment of every day. Take advantage of what is out there, and do your reading, and you can have a solid trading record. When critics sneer that binary options trading is “just gambling”, it is not meant as a compliment. It is meant to paint this new wave of financial traders as uninformed newcomers to the world of global trades, and ignores the incredible effort and education that goes into making a success of your binary options portfolio. It also ignores the social acceptability and benefits of gambling, which if managed properly can be fun, entertaining and at times, profitable.
It is important however that you understand the difference before you launch yourself as a trader of binary options. If you come at it with the belief that this is just like a game of roulette, you will not maximize your chance at making successful trades. The message is important: gambling is a fun form of entertainment that requires no skill or research. Binary options trading is an exciting way to make serious profits, providing that you are willing to take it seriously and take the time to research the strategy that works for you.
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