Recently in addition to financial investment forms such as securities, cryptocurrencies, forex, etc., many investors have begun to know about another form called binary options with money-making and first-person ads. fast.
So how does this form? Should you join or is it an online scam? Let's find out soon.
#first. What are binary options and how do they work?
Binary options are a form of participation in predicting the price movement of certain assets such as gold, stocks, markets, etc.
The trading method is very simple, participants try to predict whether the value of that asset will increase or decrease within a certain time frame.
If your prediction is correct, you will win and win prizes. If you make a mistake, you will lose the amount you bet for that trade. In Vietnam, some binary options trading platforms are quite famous such as Binomo, IQ Option, Olymp Trade …
#2. So is it deceptive or not?
Advertised as one of the super profitable investments. With the right deal, you can instantly earn 100% profit in just 1 minute-5 minutes.
However, it can also cause you to lose this money immediately. Therefore, many people fear this is a form of fraud.
However, binary options is not a form of fraud. Most operating companies are legally licensed, which ensures that your money will not be stolen as soon as it is added.
However, investing in binary options is not an easy investment at all. Up to 90% of participants are at risk of losing part or all of the money involved. Because of the simple way of investing, losing money is also very easy,
# 3. So can you join and win?
The answer here is yes. However, you must see it as a form of real investment and spend your time researching rather than making emotional predictions and depending on luck.
You will need market knowledge, market volatility and reasonable strategies to participate.
This is not an easy job as the ads you still see but you can rest assured that it is not a form of fraud. It will all depend on your ability to invest and the seriousness and reasonable strategy.
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