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
- First you study what is binary options is
- Second you study how to read financial market charts
- Third you study what support and resistance lines are.
- Fourth you study how to incorporate those SR lines and indicators to predict the market movement.
- Fifth you study how determine the expiry time.
- Six you study about money management.
- 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.
I don’t think so. A binary options trading is not a gambling. Even this trading form allows traders to execute their financial plan according to the market changes, whereas in gambling, it’s not possible. Though trading in options depends on an unpredictable area, but if you follow the right binary options signals , you can reap financial rewards on your side.
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