Binary Options are back in public discussion because they are trading with a gambling system, more precisely gambling under the guise of trading. Generally, this binary options platform provides assets such as forex to stock indices.
Highlighting the rise of Binary Options in circulation, Binary Options is a trading that is designed to look easy but is very costly.
Binary is a way of trading that is specifically made to look easy, but actually costs the trader. So in binary, people only guess buy or sell, without setting lots, stop losses as usual trading in forex. More like a big small or odd even gamble.
Many are tempted because of the advertisements circulating from influencers or affiliates who flaunt a luxurious lifestyle thanks to the advantages of trading using Binary Options.
Even though the profits obtained by these influencers or affiliates actually come from commission money from new customers who join, not from their trading results.
The problem is that the binary is designed in such a way that the trader loses in the long run. Every now and then it can be profitable but it is certain that everyone who jumps into binary will end up losing.
He gave an example, if the capital is 100, the profit can be 30, but if the loss is minus 70.
For example, the capital is 100, it's like if the profit can only be 30 but if the loss is -70. In the end the accumulation will lose.
Therefore, we hope that people can understand various things about Binary Options so they don't fall into the trap, let alone suffer losses.
People need to understand that this binary is not trading. Not worthy of being called trading. More worthy of being called a gamble that will harm.