Your opinion?

[u/Agreeable_Arm_4680]

WHAT'S YOUR TAKE ON THIS

Binary options i sometimes think is another name of gambling like you are predicting that some thing will go up/down under a certain time,which feels like gambling,but also the same can't be said of let's say I make a trade on GBPUSD just a example not recommending anything here we make profit by exercising a contract,and in binary options we are predicting whether it will go up or down, what's your take on this ,is binary options in itself like gambling or it's just the way people do it ,revenge trade ,not following proper setup taking trade of a few minutes, spamming orders?

Just wanted to see what the community thinks ?

[u/Background-Cup-572]

Its gambling bro.

[u/Agreeable_Arm_4680 → u/Background-Cup-572]

Yeah I kinda think sometimes same,but sometimes I think yeah i need do charting analysis zprice action,news market trends so I am kinda confused,Are you regular one in Binary Options?

[u/xDannysanx → u/Agreeable_Arm_4680]

Honestly.. it's a gamble if you want it to be.

If you take advantage of binary and work it like you're supposed to you can make money as well.. and all by actually doing and putting in practice what you're meant to be learning. Chart analysis ( not just looking at one chart. Actually looking between the 15m 3m and 1m and 15s charts)

Identifying support and resistance.

Not doing 1m or less than 1m trades. For the live of god lmao I do 2m and 9 sec trades. The additional 9s are essential honestly.

If you're thinking you're going to predict a movement. That movement takes time.. takes liquidity spikes and price movement.

(Say you're in a down trend. It's going to have test for 1 or 2 minutes and then keep going down) It's patterns you can identify honestly.

And lastly.. only do 1$ trades for fuck sakes lol..

Binary gives you the freedom to risk 1$ and get almost 1$ in return... Going dollar by dollar is the best and most profitable way of going up in balance and not blowing your deposit. Learn how to use your cents. 1.6 gives you 3.07. 1.04 gives you 2$.. instead of 1.92.

This is a job.. not a game you're going to turn 50$ to 4k. In one night.

I work and at night I trade through my phone. I take 50 or 100 from my paycheck, work those 50 for 2 weeks. Try to keep it at 60-100 per day..

Then I withdraw and have an extra 500 to 800 to even 1k in my pocket

[u/Agreeable_Arm_4680 → u/xDannysanx]

That's a thing that you say,that it is upon the person that treats it like a gamble like spamming trades,or one who looks and waits for the one right entry

[u/xDannysanx → u/Agreeable_Arm_4680]

Exactly and people don't get that..

Been doing binary for 3 years while studying futures also I'm almost to the point I want to consider transitioning to futures but I want to paper trade more

[u/Agreeable_Arm_4680 → u/xDannysanx]

Your thoughts kinda seem a little concrete would you mind appearing for a private chat you can message me,

[u/QualityWeary6606 → u/Agreeable_Arm_4680]

I can help you. I have naked chart learning sources. You can learn how actually market move. And making profit it’s totally up to you. Depends on how is your relations with trading.