Hello There, I am trading binary options and making a decent amount of money, so i think i am capable of answering your question. First of all to answer your basic question, Yes, It is gambling if you dont understand what you are doing. Gambling vs. Investing in Binary Options. So does Binary Options fit the above description? The shortest binary options trades take around 60 seconds to complete. But, during the last couple of years, the bulk of binary options trading is shifting One of the most common misconceptions is that Binary Options are pure gambling.
Nowadays, binary options brokers are popular due to their short investment offers and promises of high profit margin. These marketing tools attract types of people that are playing poker online, gambling at casinos or betting on sports. From Dukascopy Binary options are nowadays widely recognized as one of the most accessible ways of getting introduced to financial markets. Binary options are gambling much like other financial instruments, tangible or intangible.
Binary options and Gambling There are many articles circulating on the Internet these days that tend to equate. Bitcoin binary options are considered a form of gambling due to the volatility of digital currencies. When wagering on binary options, you need to be correct more than 50% of the time to turn a long-term profit.
Binary Options - Trading or Gambling? It is not a surprise that even regulators are confused on how to classify Binary Options. Binary Options is Haram if you are gambling. Although, you can find a way to have Halal Forex trading, in Binary Options it will not be very easy. Binary options are gambling much like other financial instruments, tangible or intangible. This is not a bad thing, people gamble their entire lives. Here on Binary Options South Africa, we will try to provide our readers a detailed information about similarities and differences between binary options and gambling industry and answer on question is binary options gambling or not.
Is Binary Options a form of gambling or not? Binary options were originally created with simplicity in mind so that they would be as easy to trade as possible. As a consequence of this mode of thinking, many authorities have subsequently categorized them as just another form of gambling.
Unfortunately, or fortunately, Binary Options have a lot in common with gambling. That is why Binary Options get so much flak from the mainstream investment world. The thing is, whenever you point your finger at someone else you have three fingers pointing back at you. Tags: Binary options. 6 min read. Binary options are a hot topic at the moment, people search information online, read non-factual feedback and get scared away, we have therefore decided to come up with an article to clarify the difference between trading and gambling, as there is one.