Binary Options, A Scam Or Not ?
Binary options and how they work on the market has caused a lot of controversy and two distinct opinions have been formed. Some people believe that binary options are a scam for suckers and just another fraud scheme, while others, according to their professional experience or their results trading binary options, consider them an effective tool and method of stable earnings. We suggest considering the details of these views and identifying the right one.
Binary options, a scam for suckers ?
This view of binary contracts is formed in most cases by skeptics who do not have any relation to the field of finance, or traders who have failed when working with binary options. The first category, the so-called “home-grown experts,” question everything in general. Of course, that is their right, and the binary market undoubtedly attracts fraudsters. It’s easy to contact brokers who will do anything to seize your funds, and capitalizing on these platforms is not possible. However, having no experience in trading or real skills in this area, you cannot make sweeping statements. The second category is trading losers who give a negative opinion of binary options, most likely out of grievances. But here the fault falls squarely on the trader. When working on the market, binary options require a certain set of conditions and parameters that have a critical impact on the trading result:
- Security and professionalism of the broker
- Instrumental content on the terminal
- Trading conditions
- The efficiency factor of the strategy
- Money management
- General trader discipline
Failure to comply with these terms and conditions, in most cases, leads to failure on the binary market. The player’s own errors cannot be the reason for negative reviews. For example, if a trader works with a proven company with the most professional services, like the Binomo broker market leader, and uses an effective strategy based on the rules of money management, then they will get a real stable result quite easily.
It is worth mentioning, accept your mistakes and analyze them – this will help in achieving your goals and success. Let’s consider the other opinion.
Binary options expert opinion
For industry experts, the opinion “binary options are a scam for suckers” draws a condescending smile. The reason is their success in binary trading and the results they have achieved. Professional players on the binary market clearly argue their points:
- Binary options, first of all, are a legal instrument – this is confirmed by regulations in this area of trading by public authorities
- Binary options are used on most of the world’s stock exchange trading platforms
- A stable trading result on binary contracts is a reality
- The mechanism and operating conditions for binary options allow the trader to earn income in a simple way, subject to reinforcing of the above rules
For this reason, the opinion that “Binary options are a scam” is for losers, suckers, and skeptics. If you are fully confident in your professionalism, disciplined and engaged in trading on a professional platform, then binary options will be a real source of profit and stable financial independence for you.