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What are your thoughts on binary options?

By pearliezach ·
Tags: Off Topic
Do you think it is a good way to earn income online these days?

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what is a binary option?

by john.a.wills In reply to What are your thoughts on ...

Political letters in my email often invite me to answer binary questions, giving exactly 2 possible answers, e.g.
1. Yes, I always vote Republicrat.
2. No, I am so stupid that I vote Demican.

I don't think that that is the kind of binary option you are talking about, and I do think you should explain yourself a little further.

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by John Cater In reply to What are your thoughts on ...

Some of them earn and some of them lose, it depends on luck and some extreme knowledge about the binary options trading. If you are new to it don't do it.

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Not, if you are not professional trader

by Nikolas77 In reply to What are your thoughts on ...

I don't think binary options are good way of earning income online unless you are skilled professional trader and it can take up to several years to get to this level. There are significant risks of losing your entire capital, but that is not the biggest problem. Problem is you have to properly select your broker. There are so many unregulated and unlicensed brokers and offshore firms that can even steal your money! I followed this review site for more in-depth presentations of various brokers, and I can fairly say that most of the binary options brokers are scams or totally fake. The only authorized platform to trade them is NADEX, but again it is quite complex thing for people who never traded before.

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