Is binary options trading profitable or not in 2021.

if you are aware of what binary options are all about, then this article is for you. if not, no problem! know your subject matter before reading any further. there are lots of things to learn in this section, but don’t get discouraged! the only way to learn anything is by studying it over and over again until you get it right.

settling whether or not binary options are profitable could be tough, but this article will help you grasp the concept in due time. what I like about binary options is that there are lots of ways for you to learn and gain knowledge about it because the internet has made it possible. never stop learning! if you want to be successful with it, you need to know most of the down and dirty details about binary options.

I will be touching base on topics like; what is a binary option, how does it work, who can do it, and more important things like if it’s legit or not. like I said before, this section is packed with useful information that you are going to need for this article.

if you are interested in learning more about binary options, then keep on reading and I will touch base on the basic topics that we need to cover before we can get into the meat of the subject.

you might be asking yourself what is a binary option? well, it’s simple really. it is an option where you have two possible outcomes that can happen, and either one of them will result in a positive outcome. the two outcomes are :

1- for an asset to increase in value

2- for an asset to decrease in value

binary options have been around since 2008 and the basic concept was started by Michael moor.

binary options is a form of trading where you predict whether the price of an underlying asset would go up or not, and it’s very similar to gambling. another thing that you should know about binary options is that it is not regulated by the FCA (financial conduct authority) which means you will be up against scammers who want to scam you out of your money.

you might be asking yourself if it’s legit or not, and I will tell you that I am not sure. the truth is most binary options are scams, but there are legit ones as well. they were both originally made for illegal purposes, which was to take advantage of dumb people who don’t know any better. I am not going to lie, but the odds of making a profit from this kind of trading are next to nothing, and there are lots of other options out there for you that might actually work in your favor.

the best way to look at binary options is to compare it with gambling because it’s very similar. however, there are some differences:

-you’re not playing for real money, and you’re just betting on whether the price will go up or not.

-binary options is a form of trading that is fast-paced and pays well, but it’s also riskier than other forms of trading because if your prediction fails then you lose your investment.

this form of trading is also commonly known as fixed-odds betting.

for example; if you invest $75, and the price goes up by $5 then you will get back your investment plus an additional $5 which totals $80. this is what they call fixed odds because it’s not 100% sure that you’re going to win.

so, if I understand it correctly binary options are actually forms of trading where you make some money based on whether the asset price will go up or down? correct! but keep in mind that 97% of all binary options are scams which means there is a very small chance that you will make any money from this kind of trading because the companies will just take your money and run away.

in my opinion, I wouldn’t trust nor recommend any binary options company because they are all scams in one way or another.

so what does a legit binary options company look like? well, the only one that is 100% legit is IQ OPTION which was founded back in 2013 by a group of finance and tech guys from Russia. they created a platform that is extremely easy to use, and what you do is invest in a number of binary options on the asset that you want to trade on.

so why does IQ OPTION stand out from all of the others? well, it’s simple really. IQ OPTION was founded by finance and tech guys which means they know what they’re doing. IQ OPTION has also been around for just over 3 years, and this is more than enough time to prove that the company is legit.

Is IQ OPTION a scam? well, in my opinion, it’s not one because I have personally used their platform many times, and it has never failed me. please keep in mind that I am not saying that it will never fail you because there is always a chance of failure with any kind of trading.

IQ OPTION was founded by 3 guys from Russia, and they are very active within the binary options community which means they know what they’re doing. IQ OPTION is also regulated by CySec which means the company is legit.

as for binary options as a whole, I cannot say that it’s 100% legit because you will run into many scams along the way. I have personally used IQ OPTION and other trading platforms such as 24option and I am not running into any problems with them so far. IQ OPTION always pays me on time, and I have even withdrawn my earnings without having to wait weeks or months for it.

so in conclusion: binary options are a form of trading where you make some money based on whether the asset price will go up or down. IQ OPTION is a legit company that was founded by finance and tech experts, and IQ OPTION is regulated by CySec which means it’s a legit company.

at the end of the day, there are many options out there for you to choose from, but keep in mind that 90% of them are scams in some form or another.

okay! that was a long read but I hope I could clear some things up for you :)

if you have any questions, feel free to leave a comment below and I will get back to you as soon as possible. thanks!

Source: https://medium.com/@georgemarvin/is-binary-options-trading-profitable-or-not-51af8870c9ab?source=rss——-8—————–cryptocurrency