Binary Options - a highly risky betting game

by Rudolf Faix 5. July 2015 11:34

Binary OptionsTake the description about binary options from WikiPedia. I'm using here only the example from WikiPedia:

For example, a purchase is made of a binary cash-or-nothing call option on XYZ Corp's stock struck at $100 with a binary payoff of $1,000. Then, if at the future maturity date, often referred to as an expiry date, the stock is trading at above $100, $1,000 is received. If the stock is trading below $100, no money is received. And if the stock is trading at $100, the money is returned to the purchaser.

If the promised earnings from the offers found at the social networks would be true then not one would invite you to earn with the brokers. The binary option brokers would use their own money for doing the job. As this betting game has a very high risk they need your money for influencing the market. All this systems are on autopilot. You have no chance to influence the kind of binary options which are getting bought. With other words the broker are doing all the work and you have to provide them with money.

As higher the promised winnings will be as more unlikely will it be that you win. If you go with your money to a casino you'll have a higher chance to win if you are choosing the simple chances from the roulette game. You only need to bet with the minimum amount at the simple chances like red/black or pair/impair and you should not change your decision the whole day or evening. Every time you lose, you have to double your betting amount and every time you win you'll need to start again with the minimum amount. Be aware even with this system you can lose money because the casinos have an maximum betting amount too. The risk is not so high as with binary options.

Don't forget the golden rule in business: As higher the promises winnings are as higher is the risk to lose everything.

 

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