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Originally Posted by PlainStack. How can you say it is a complete con?
It is nothing more than trading in options puts or calls at short intervals, with fixed payoffs and it is bjnary in nature so you are either in or out of the money. They are traded on the Nadex as well as on the CBOE which is binary options pitch worlds largest options exchange, so those which are listed are regulated.
Yes it is a gamble as you have two outcomes; you are either right and make a profit or you are wrong and lose, has there been bad publicity around binary option trading, yes as a result of fraudulent websites posing as traders and stealing peoples money, is it a con no it is not. Now Bakersman options pitch binary have already answered you own question it is a uzi stock options closer to gambling rather than binary options pitch, if you want to try it out most of the respectable platforms provide you with a demo account to play around with.
Originally Posted by SauRoN. I think the con lies more in the brokers that know most people are going to lose but the sales binary options pitch is that it's easy money and anyone can do it.
Much like Forex and CFD's in general but just way worse. Is it even a zero-sum game? You don't see many if any reputable financial news agents and informants pushing this as a viable option.
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