Post
Topic
Board Gambling discussion
Re: Gambling or Treading ( Binary , Crypto , Forex )??
by
jaberwock
on 03/03/2025, 19:28:01 UTC
I used to be involved in gambling but after facing huge losses I left it now I am involved in trading for a long time which is known as binary trading and I have been very profitable. But I have something to know here do you agree with trading and do you not support binary trading I should leave binary and move to crypto or forex.
Even though binary or options trading isn't completely like gambling, it does have some resemblance with it, especially if you are doing binary trading in cryptocurrencies which we know are so volatile and unpredictable. So even if you have a lot of knowledge about the market and you know how to read candles and do technical analysis, you can still lose money in binary trading if the market moves against your predictions and we know that happens a lot in the cryptocurrency market.

I have seen people using different strategies in binary trading and making a lot of money in YouTube videos, but I have tried it myself, and at the end of the day, it's not always about the strategy you are applying or your knowledge, market will still beat you and you will eventually be at a loss unless you play it safe.

All in all, I don't think leaving gambling and getting into binary trading is a great step, you should try crypto spot trading, which is much safer than binary.