Binary Options Scam ? Know it from Core to Crust

Posted by Douglas Perez on August 12th, 2016

Money has become the need of the hour, from a minor six –year old to the centaury touching 100-year old grandpa; all want these green printed papers for survival. This ever growing demand of money is the sole reason behind the constant innovation of new business or new money churning machines. But, everything is not fair on the money making front, people have started using unfair means to earn quickly on the cost of others loose. One such industry or business model that is the child of this money hungry society is Binary Option Auto Trader. 

Due to its recent inception in the market, people are not fully aware about it, thus allowing them to fall in the trap lead of cheaters or brokers. Here, through this article we are trying to inform our readers about – What exactly is Binary Option? How it works? And many more useful insights on the same.

What is Binary Option and how it works?

In simple words, if someone wants to understand Binary Option then it can be best explained as legalized betting. The only difference here is that instead of players and scores, we have market assets like gold, silver, markets and stocks. Now, a person involved in binary option leads his day the following way –

1. He’ll invest on the future movement of an asset (value up or down)
2. A correct prediction earns him a fortune and a wrong prediction makes him lose his entire investment.

This is the simple game of binary options, but its working is not as simple as it sounds. As a person should be all-pro with the asset he is dealing in then only he can make money in this business in the long run. People who enter this field with a mentality to make quick profits without any hard work ends up losing their life savings. Thus, the trick to succeed here is a thorough understanding of asset, its nature and behavior, understanding of state of economy, political developments, stock prices, recent business and events update, etc.

Why the word ‘scam’ entered the picture?

Binary Options Broker Review is more than 90% negative, meaning that in most of the situations the broker is the main culprit and is responsible for an investor’s lose.  He attracts new traders in this field by giving them false promises of quick money making and big profits. He gives them example of rarest of rarest people who have made it big from this business without telling them that such exceptional events takes place one in a million times. He also does not mention the hard work they have to pour in to make it big in this field, eventually leading the broker to gains and investor to lose.

For More Info:- BINARY OPTIONS SCAM OR LEGIT