That is binary option trading and that trading is very risky. If you are beginner in trading activity is better to learn first in spot trading, include trading crypto and trading stocks. In binary option trading, we have little chance to earn profit because about 80% trader loss money. And also avoid margin trading if you are still beginner.
that's right.. you can lose money from binary trading, if you are trading on crypto exchange, it will not occur because when you get a loss, you can hold the coin you have
He would definitely lose money from binary options. This is something that even professional traders try not to even go with knowing the level of risk involved, let alone, someone who is just starting their trading career wanting to go into it.
It is a whole lot risky and I see it as pure gambling as far as I am concerned. There are easier and better ways to trade and start learning, trying to focus on the idea of getting rich fast from trading is what has led them into choosing what they should not even be dabbling into in the first place.