Gambling or binary trading – which offers the best payouts?

By admin on Saturday, December 15, 2012
Filled Under: Forex and Binary trading

It’s a bit of a debate whether binary options should be classified as gambling or not. I guess it’s up to each and everyone to make up their mind about it. In my own opinion, I wouldn’t say it’s gambling per se. I know there is a risk involved, but when investing in something there always is, and I don’t feel that that fact alone defines financial trading as gambling.

Coming from an economical point of view, which alternative is more likely to generate continuous profit for us? For me the answer is clear: Binary trading offers a much higher chance of financial wealth than gambling does. Take classic casino gambling for example. In a game like roulette, there’s absolutely nothing you can do to affect the outcome of any particular event. The most common way to bet is to choose either red or black, but it’s all down to chance after that, there’s no way of realistically predict the outcome. I guess it would be the same thing as trading with binary options and choose a position without having any idea of what you’re doing, but even then you have a 50% chance of being correct. In roulette, there is the green slot that always gives the house an edge so that your chances are always a tiny bit lower than 50%. The same goes for every casino game really. The only strategies that we can employ are strategies that are designed to make your chances of losing as small as possible, but they will always be higher than your chance of winning.

If we move on to other forms of gambling, such as poker or sports betting, they are more close to binary trading. In these forms of gambling you actually have a chance of developing a skill set that will make you a favorite to win in certain cases. Poker players learn the odds of each hand, and combined with developing reading skills they can actually higher their chances of making profit quite substantially. However, theirs is still a massive element of luck involved, considering you can never predict what the next card will be. In sports betting it’s the same, you can read up on each team before a game to further increase your chances of being correct, but yet there are so many factors that you can’t control, so it’s hard to say with full certainty whether your bet will win or lose.

With binary trading, on the other hand, if you learn the basics and keep updated on market news, theirs is a great chance that you’ll be able to predict the future market price on certain assets very precisely. I’m not saying it doesn’t takes a lot of practice before you will start making great profit, but it’s actually quite fun to learn. It has the benefits of keeping you updated on what’s going on in the world, which is not something that will just help your trading career, but also in life in general. I there form warmly recommend anyone that has thought about getting into financial trading to give it a shot. You can find tons of guides, tips and reviews of different binary brokers on websites like binaryoptions.pm, which you can find if you go here. There also a spanish language alternative called opciones binarias estrategias!