Binary Options is it Gambling? Yes! No!

Who lives outside Binary Options says it is Gambling. Who are inside says it depend on how you trade Binary Options. Yaikssssss.... So both parties agreed that this is gambling. Right?.... Wrong!...

Let me explain you this. Since it is binary you have only 2 options (High/Low or Call/Put) if you blindly choose a direction and make the trade. If you are not watch the market movements. If you do not analyze the market and other conditions. Then you are gambling. When it is gambling soon enough you will loose your money very fast.

What if 

1. First you study what is binary options is  
2. Second you study how to read financial market charts
3. Third you study what support and resistance lines are.
4. Fourth you study how to incorporate those SR lines and  indicators to predict the market movement.
5. Fifth you study how determine the expiry time. 
6. Six you study about money management.
7. You place the trade when all those fits in a line together + money management in place.

Then we can say that person is not gambling. Because he/she knows the market. How the market behave for the next x of time. He/She know how to manage his/her money.

Watch the following video explaining whether the Binary Options is gambling or not more deeply....

Believe me if and only if you follow those steps you are not gambling.

What I will do with this blog......?

As a newbie to binary options trading I thought of writing my experiences and trading diary in this blog daily. The tools I'm using. Other websites, blogs I'm following. About articles I'm reading.... and every thing about binary options. So I hope that this will help anybody who is willing to do binary options for extra money or for living. Hope that someday I will join the pros in this field. And will become a full time trader.

Before December last year (2014) I knew nothing about binary option but forex. So I wrote an email to forex group (www.sinhalenforex.com/) to help me to gain knowledge and start trading. They suggest that it will be more suitable to start binary option trading considering my financial and family situation. And they suggest a website to follow. A big thanks to Mr. Lakshan Rajasinghe who is a trader and a blogger from Sri Lanka. His blog www.sarusara.com showed me the path in the right direction to begin the journey to be a better binary option trader. It was written in my native language (Sinhala). He writes it with his own experience and knowledge as a forex + binary option trader since 2011. For any one who can read and understand Sinhala I highly recommend his blog to follow to become a better binary option trader.