Quote from: Skarner21 on December 26, 2016, 10:46:54 PM

Quote from: lionheart78 on December 26, 2016, 10:19:22 PM

Quote from: streazight on December 26, 2016, 07:19:13 PM

Quote from: BitFinnese on December 26, 2016, 04:52:45 PM

Quote from: Victorycoin on December 26, 2016, 01:17:35 PM

Quote from: Zadicar on December 22, 2016, 09:52:55 AM

They are different since binary options is not connected to Forex market and they are just depending on the movement of the market and they dont put any effect.

Obviously you are not talking out of experience and in a public forum as this, it helps if we do not pass on false information, because you can never tell who may want to use it someday.

What is fact is that, prediction of the direction of currencies is possible with binary options as it is with forex trade, they only differ in the conditions that needs to be fulfilled before profit is made. With binary options, a single tick might be all that is needed to end in the money and in case of a lose, only the amount that is wagered is lost.

I agree, both relies on the same price forecast of the stocks. Both are affected by outside factors, and both is predicted in the same manner like using charts, news, etc. The difference of this two is that, they have different pay out, fees, risk and entirely different liquidity structure and investment process.

These differences are making to consider binay option similar to gambling because it also has huge risks same as gambling and instead of using predictions, we are just trying to make use of the fluctuations in very quick time. Even binary options are based on trading, it simply sounds as gambling.

There are similarities between gambling and binary option and that is fix risk and fix reward. Meaning you know how much you will earn same way as gambling. Binary Option may be compared to sports betting in terms of prediction and outside factors that may affect the result. I wonder why Binary Option is not considered as gambling while Sports Betting is considered as one.

I never tried binary option honestly i just saw this type of game in second trade choosing up and down. it is just like hi and low in dice game but they are relaying in movement of the price..
For me we can still consider it as gambling since if you lose you can not recover your loses unlike in trading..

Its really like gambling since you will definitely predict the price movements on a certain currency and if you dont have enough knowledge on trading forex you wouldnt know on when to enter and you might just wasting your money on doing random guesses. Binary options could be profitable if you know how to use indicators which are being used on forex since you are basing yourself on forex movements.