In the recent years Forex Bonus Lab has observed lots of new binary options providers appearing and offering their services. Many of us could be curious what binary options are, is that trading or gambling and should we participate or stay away? Find out answers to these questions below.
So what are binary options? This is a way to bet on the financial assets performance. Generally, a trader has to predict the possible direction of the financial asset movement. In other words, it is quite similar to betting, yet you are not betting against some unknown script (like in an online casino), but you are betting against the market, which is 100% transparent.
Is binary options trading or gambling? It is a mixture of the both. You need less education to trade binaries than any other financial asset. Besides that, the risks tend to be quite higher, but so are the returns. What is good about binaries is that your risk exposure is fixed, so unlike with other trading activities, you can never lose more than your initial capital.
Should I get started? Only if your risk tolerance is suitable. This is a risky product and if you are looking to generate high returns without being afraid of losing your deposit – go ahead. Start by picking up one of Best binary options brokers. It is hard to advise one broker, as it mainly depends on your trading preferences and your geographical location. Once you found a suitable broker on forex bonus lab, apply for an account and perform a deposit via your preferred mean of payment. We usually do not advice to deposit more than 1000 USD at first, as you would need to get a good sense of the market. And then, trade, learn and earn!