What’s Binary Options?

[Bustamante]

What is binary options and where can I trade them?

 

[vice]

I've lost a decent ammount with binary options, I dont recommend it. It's gambling, it's worse than flipping a coin

 

[TradingKnowledge]

What is binary options and where can I trade them?

Binary Options is a contract in which the payout will be based on the outcome of a position, normally relates to whether the price of an asset (lets say google) will rise above or fall below an specific ammount under an specific time given.

You are 'betting' that google will be above or below 121.48 in 15 mins, if you choosen correctly you win a percentage of the bet, from 70% to 85% (even more sometimes)

Binary options are often considered a form of gambling rather than investment because of their negative cumulative payout

 

[Miranda]

its an scam all you need to know bro

 

[vice]

its an scam all you need to know bro

no shit