Quote from: entrepmind23 on June 06, 2018, 12:56:33 PM

Quote from: Eth-Jackcoin on May 29, 2018, 05:20:57 PM

while surfing the net, i get some pop-ups directing me to the article of persons who claim to have made really big and quick by just predicting the rise and fall of some binary digits (They call it trading). This is the link to the website for predictions - https://olymptrade.com/platform. If you are into it, my question for you is "does it really pay?" also tell me what you think of it.

It is binary options and it is not trading for me but gambling because you are risking a fixed amount for a fixed period of time and if it doesn't go your way then you lose it all unlike when you are trading the traditional way (buy low and sell high), you have the option to not sell the coin and wait for the time you will have profits and then sell it even if it will take some time. I don't suggest trading or gambling this way because you will be too confident if you often win and risk more money which most likely would end up for you losing more. I tried binary options before but I just lose quite a big amount of money because I can't control my emotions.

Do not be too haste in gaining profit OP but instead, focus more on learning and it would even be better if you try trading and then losing because through it, you would learn more what are the aspects you need to develop to be a profitable trader later on. You will only continue to lose though if you don't learn from your losses. Experience is the best teacher for me in trading.

This is valid if you are trading with huge amount for short term so as to get more profit but you need to be aware of the market which is unstable and can create troubles for you and for your short term. Further more you can get huge profit from if you perform the trading without any mistake otherwise you will be busted with great extent as you invested with huge amount.