Binary options...?

@MildMix (119)
November 24, 2010 5:05am CST
Well I've just read a little bit of a blurb on a binary options site, which I cannot copy and paste because I don't have enough posts. However, it's basically saying that to win money you just have to predict whether stock will go up or down in it's value within an hour. If you get it right you win up to 81% of the share. I understand it's not a new concept, but it's something I've never really thought about before. Has anyone ever used companies like this? What's the catch? I'm going to read through the very small print in a while, but I just wondered if anyone had any personal experiences with binary option companies.
1 person likes this
1 response
sweetloveforeve
@sweetloveforeve (13120)
• Portugal
24 Nov 10
sorry mild me i never tried that really. i heard about that before i guess but never been in a site like that. but wait that some people answer im sure that some already tried bcs there are people that always try many things online till find one that is good for them. maybe someone here in mylot can help you better than me. but i wouldnt advise you to try that bcs you can lose money with those bets. bcs if you choose the wrong value you can lose money. is a bit like betting when we play poker. can win or lose.
MildMix
@MildMix (119)
•
24 Nov 10
Hey sweet, I know, I have been looking all over the internet for it and it does seem like a bit of a gamble. Almost like betting red or black on roulette. I don't think I'll join for now but see if anyone else has worked with them and see what they say. Thanks :)