Post
Topic
Board Trading Discussion
Re: Trading, gambling and binary options. Which one you prefer?
by
Mahanton
on 29/02/2020, 21:15:10 UTC
Some years ago, I learned how trade. So, I trade and gamble. Later, I like binary options.
Isn't Binary Options trading too? You lost me there because I know it is. Gambling is the odd one there in your list. From your story, it's obvious your problem is over confidence in your trading plan and using large lot size/stake. No trading plan or system is perfect. There are draw downs from time to time and to survive this draw down when it comes is to "not over lot size". Money Management is very important in trading.
Yeah its trading but it is somewhat like  gambling yet you would need to guess only two things which is either higher or lower into the price you bought in.

This can be studied though unlike gambling which do really based on luck most of the time but i havent tend to engaged with BO yet i dont really trust up much those
platforms when it comes to their price tickers.

Trading would be the best choice for long term.