Trading is not the same as binary, trading is a zero sum game (excluding commissions) and binary is betting in the usual form. You are taking a price which the bookie quotes you on an outcome of an event. The bookies build in a premium in this quoted price which boils down to you not getting an absolute reflection of what the odds of the event are in real life.
Regardless of the outcome the price always favours the house... like any other form of gambling. You will notice that brokers who offer binary make it clear they are regulated by some form of gambling commission which underlines their status as your bookie. Once you understand that they're your booker and not a broker to a transaction between two people, it will be much easier for you to relate it to betting in your local betting shop. Ever wonder why a bookie generally wins overall? Google it and you will find the a better explanation of the mechanics. I'm just trying to help you preserve your capital! and plus any time spent on that type of rubbish will just distract you from becoming a profitable trader... which is why your here in the first place my friend.
Moderators why isn't this post in the commercial forum or better yet removed, you're facilitating the depletion of traders capital allowing rubbish like this in a trading discussion area. BINARY IS NOT TRADING.
Regardless of the outcome the price always favours the house... like any other form of gambling. You will notice that brokers who offer binary make it clear they are regulated by some form of gambling commission which underlines their status as your bookie. Once you understand that they're your booker and not a broker to a transaction between two people, it will be much easier for you to relate it to betting in your local betting shop. Ever wonder why a bookie generally wins overall? Google it and you will find the a better explanation of the mechanics. I'm just trying to help you preserve your capital! and plus any time spent on that type of rubbish will just distract you from becoming a profitable trader... which is why your here in the first place my friend.
Moderators why isn't this post in the commercial forum or better yet removed, you're facilitating the depletion of traders capital allowing rubbish like this in a trading discussion area. BINARY IS NOT TRADING.