IQ options, Binary options, and many more speed trading sites are very tempting. As claimed in YOutube videos. People are using tools, indicators and some techniques to predict the next movement of price.
For those who do not know what Binary Option is. It is a trading forex or Bitcoin using the 1minute or 5min trading chart. When you predicted the price will go up. Then you gain profit. Or else you lose your invested money. Actually it like a gambling to me.
Has anyone here experienced this market? Is this really profitable as the youtube videos show?
Its just really like a gambling to me and talking about 1 minute- 5 min timeframe for such price movement is way too risky. I do believe that most videos on youtube about effective binary options techniques isnt really real or does work anytime and i do believe that they are just brokers who are just convincing up newbie traders to engage with binary options.We have seen on how much we can able to generate profit with BO.If you are a greedy man for sure you will easily got hooked up.