Binary options: anyone earning that way.

@marguicha (97363)
Chile
August 3, 2017 9:29am CST
For a long time I have seen online that you could earn money with binary options. It seems (from what they say) that it is easy and that you could earn a lot. I don´t understand much, but I feel it is another way of betting. But I could be wrong. Do you know what it is? Can you really earn money?
4 people like this
7 responses
@owlwings (39391)
• Cambridge, England
3 Aug 17
Binary options is simply a method of betting on whether the price of a stock or a currency will rise or fall over a certain period. Like any kind of betting, there are risks and the people who organise the sites are the ONLY ones who will make a certain profit because the odds are so arranged that those who bet will inevitably lose more money than they win. Just as with any betting, you will find that many more people boast about how much they have 'earned' than will complain about their losses! Of course, for those who do claim to make a profit, there are always ten times as many who have lost money.
6 people like this
@marguicha (97363)
• Chile
3 Aug 17
I thought it was something like that, but I wasn´t sure. And if I start betting online, that will be the end of my carefully planed life.
5 people like this
@LadyDuck (163607)
• Switzerland
3 Aug 17
@owlwings Very well explained, it is something I would not do.
3 people like this
@marguicha (97363)
• Chile
3 Aug 17
@LadyDuck Me neither.
3 people like this
@Corbin5 (109605)
• United States
3 Aug 17
Glad @owlwings explained binary options below. I had no idea what it was.
4 people like this
@marguicha (97363)
• Chile
3 Aug 17
It soundedso serious. But it isn´t.
3 people like this
@prashu228 (25808)
• India
3 Aug 17
No idea what it is. Well waiting for the right answer to know more about it
3 people like this
@marguicha (97363)
• Chile
3 Aug 17
@owlwings just gave me a very good answer to my questions.
3 people like this
@prashu228 (25808)
• India
3 Aug 17
@marguicha yes I read it..
2 people like this
@marguicha (97363)
• Chile
3 Aug 17
@prashu228 One more thing we should not do.
2 people like this
@celticeagle (118609)
• Boise, Idaho
3 Aug 17
I doubt it. WHen you add parts of different things I would think it would get very confusing. When I was with the carnival there was one game that they had for awhile called a 'flat store' Two older men usually had the store and it was basically a numbers game. I think that if you talk fast enough and long enough you can talk some into anything.
2 people like this
@marguicha (97363)
• Chile
4 Aug 17
And could you lose real money. Because in this you have to invest.
2 people like this
@celticeagle (118609)
• Boise, Idaho
4 Aug 17
@marguicha .....That is normal. THis is just betting on whether the stocks are good or not.
1 person likes this
@maezee (32593)
• United States
4 Aug 17
I have never heard of this!
1 person likes this
@marguicha (97363)
• Chile
4 Aug 17
It seems that is a sort of betting online with real money.
@maezee (32593)
• United States
4 Aug 17
@marguicha ooh that sounds like gambling!
@ehsanji (503)
• Pakistan
1 Sep
Yes it is betting but in betting you are on 50/50 chance whether you will lose or earn. I Binary Options, if you know how to trade, and how to analyze the market, e.g. financial news releases etc, you can analyze and even can be 80% sure with the help of indicators.
@RubyHawk (26944)
• Atlanta, Georgia
4 Aug 17
I haven't heard anything about it, but I'm interested too. Maybe someone will have information.