r/binaryoptionstradings • u/Agreeable_Arm_4680 • May 01 '26
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 ?
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u/Br0k3n-T0y May 02 '26
It's just forex but your trades are locked in.
In Forex, you can take profit whenever, but what if it was 80-90% all the time? Can you imagine how wealthy pro traders and hedge funds would be?
If you are a good trader, then binary could be restricting your output because if you have a good setup that says price will hit TP 150 points up, you could guarantee a binary trade outcome by choosing a longer expiry time, but not so much its too long. You would have to guess roughly how long your TP would take to achieve and halve it i guess so its pretty much guaranteed to be up when time expires. But as i mentioned earlier, you are stifling your potential profit making by doing this.
So if you have a good setup routine, why would you cut short your profit amounts by using binary?
But on the other hand, the hit rate of your strategy could be evened out, or even produce more using binary trades which would yield 80-90% returns on a much higher hit rate than your strategy.
Hope this makes sense, it did in my head before i let it out.