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owesem75
01-28-2014, 05:36 AM
Hi, there are lots of BINARY OPTION advertisements on line and most of it displayed encouraging words to invest through it. But do you consider this a good area to invest? It looks like gambling to me. What is your thoughts about this? Thanks.

Rainman
01-29-2014, 03:48 AM
Would you call say the money you spend on poker an investment? The likelihood of losing money you use in gambling is more like 99%. Binary option sites are gambling sites cloaked under a cute-sounding name and under the facade of "investment." You may hear of testimonials about how others have actually made good money with binary options but it's all a lie. The primary purpose of these web-sites is to rip you off.

Either find another way to invest your money or just leave it in your bank account. Why lose it?

crimsonghost747
01-29-2014, 04:41 AM
Just the fact that you have a million of those websites popping up already tells you that it's BS. You are completely right when you say that it looks like gambling because that's what it is, it has very little to do with real investing.

If you have extra money you wish to invest, see about opening a brokerage account. Do it with a reputable company and start slow, normal shares are great for the beginner and most actually stick to those for their whole lives.