How safe are binary options?

burdianex

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Some web site say that Binary Options can make you a great deal of money. Other say it is just like gambling, and that most people loose money. Is there a reality.
 
I won't trade Binary Options. It is way too risky and quickest way to lose everything.
 
If it is possible to make a great deal of money it is probably possible to lose a great deal, and more likely.

If it is possible to make a great deal with little risk then the odds will be enormous (like the lottery)
 
Some web site say that Binary Options can make you a great deal of money. Other say it is just like gambling, and that most people loose money. Is there a reality.

Hello burdianex,

First learn and try to be successful in forex trading.

Don't try to start several things and you won't get anything correctly
 
Binary options are more risky than forex trading because you do not have any control once you placed your order. It will be a fix profit or loss while in forex trading we can adjust according to market situation.
 
I think binary options are pretty shady business. There is not any underlying asset and you are basically just betting against a unregulated broker.
I prefer to stay away from them.
 
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