There is still a lot of fuss going on about Binary Options Trading.
So, I decided to give you all the information you need before you consider starting with binary options.
Are binary options a safe way to make money?
Learn what it really is about and what risks are involved.
I am going to use easy-to-understand vocabulary in this article. This is not a post you would find in a Wallstreet magazine.
The goal of the following article is to make sure everybody really knows what is going on with binary options.
Binary options are a form of investment in the stock market.
Unlike with fonts or shares, binary options have an “all or nothing” attribute.
You either win a certain amount or you lose everything.
There are many outlets where you can invest in those options. Unfortunately, many of those have been exposed as scams and even the FBI is investigating some of them.
Binary Options are also banned in many jurisdictions as a form of gambling.
That alone should be enough for you to be very careful before you start with binary options.
While you can make money with them, the risk is very high.
Only buy options if you really can afford to lose that money.
If you already have a low budget, don’t waste your last money here!
First, you will have to find a legit company that offers binary options.
I can’t give you a link here because I don’t want to be responsible for any loss you might make with options.
When you have decided to try it, you can choose from different options.
The most common options are call and put options.
With binary options, you have to decide whether the worth of the asset you want to invest in goes up or down.
So, when you purchase a call option, you are thinking that the price of the asset will be higher after a set amount of time than now.
It is important to understand that you can’t get out of that trade before that set date and time.
You also can’t prolong the time.
Let’s say you said that the price for the asset will be higher in exactly 2 days.
If the price really is higher (it doesn’t matter how much), you will get a payout.
If it is lower or still the same, however, you will lose everything you paid for that option.
A put option is the opposite of a call option.
When you buy a put option, you are hoping, that the price will be lower than now.
If it really is lower when your option runs out, you will get paid.
If it is higher or the same, you lose everything.
In my opinion, it is!
You just can’t know for sure how the stock market will evolve.
Of course, there are trends.
And with a lot of experience, you can read those trends.
But can you really predict how the price of a certain asset will be on an exact date?
I don’t think you can. There is always luck and coincidence involved.
Only if you have insider knowledge, could you know what a company is planning.
The thing is, that insider trading is illegal and gets punished with jail time and high fines.
So, if you don’t like gambling with your money, don’t start with binary options.
There is no legal way you can influence the outcome of your binary options.
But there have been crazy and, of course, criminal attempts to manipulate the price of an asset.
There has been the aforementioned insider trading.
Others went even further and put lives of others at risks to enrich themselves:
In the beginning of 2017 three bombs exploded near the bus of the German soccer team “Borrusia Dortmund”.
They were on their way to the stadium to play the first game of the Champions League quarter-finals.
Luckily only two people were injured.
But if those bombs had detonated only a few seconds earlier, there could have been many fatally injured victims.
A few weeks later, the perpetrator was caught and the reason for this attack was unveiled.
He had bought put options worth thousands of dollars.
If there had been deaths in this attack, the shares of Borrusia Dortmund would have crashed down.
The culprit could have made over a million dollars!
But for what price?
Killing other people just to make yourself rich?
When I read about this I was truly disgusted.
Again, there is no way you can influence the outcome of binary options legally!
If you really want to start with binary options trading, you have to do some research.
Binary options have a high risk and there are many companies out there that can’t be trusted.
All they want is to make money from you.
Things to look out for:
There have been cases that companies that trade binary options have taken money from accounts without permission or notice.
Victims lost much more money than they had thought because of that.
You have to make sure that you don’t give unlimited access to your account.
I am sure you don’t want to wake up and all your money is gone, right?
Trading binary options is like gambling.
You have a very high risk of losing everything.
Quite a few jurisdictions have banned binary options.
There are, however, still enough places where you can trade them.
It is not illegal, but there are many sketchy companies that make false promises and don’t tell you the risks.
Make sure that you only use money you can afford to lose!
That is really the most important thing I have to tell you.
I said it before:
Don’t gamble with your money if you are already in debt!
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How do you feel about binary options trading?
Do you think it is a good way to make money online?
Or do you agree with me that the risks are just too high?
Have you already started to make money online or are you still struggling?
Let me know in the comments below and let’s have a chat.
Have a great day,