What Do You Think of Binary Options?
By MsPatriciaDV
@MsPatriciaDV (636)
Philippines
April 26, 2011 10:10am CST
They say you can make money by predicting the activity of a certain commodity or currency in the stock market. It's like binary options. This service has been offered in some sites like eToro, AnyOption and EmpireOption for quite some time now, and give impressions that people can indeed make money but they have to invest first.
Has any one here tried binary options / stocks trading via internet through any of those mentioned sites (eToro, AnyOption and EmpireOption)? What is your opinion about it?
6 responses
@IyanMuska (602)
• Indonesia
26 Apr 11
Many sites that offer things like that you mentioned above. Many also offer trading services or better known by the broker. To go there you need a special skill before you try it. Stout site that offers free of charge, you can look on the internet. With your registration you can bonus of $5. Sites are free and do not need to invest you can learn it first on mareketiva [dot] com. Good luck
@MsPatriciaDV (636)
• Philippines
26 Apr 11
Thanks for the info. Indeed I think it requires special skill. I first tried the demo platform of one of the sites, and my head really ached! It's not just predicting as if you're a fortune teller.
I'll check the site too.
@IyanMuska (602)
• Indonesia
26 Apr 11
Ok, good you've tried it. Not to predict but you should be able to read the motion, if not you'll be stuck or floating. I could have all your funds run out. Please go to that site, there you can learn virtually with virtual money before you decide to trade with real accounts. Have a nice day
@surekharathi (14146)
• India
29 Oct 12
I know about Binary Number system in computer field but I not know about binary option in earning money. Whats the meaning of this can you explain me?
@billybobjoey (22)
• United States
30 Oct 12
You basically predict if something like gold, oil, or something else will rise in value, and if it does then you will earn money that you invested or something like that. I don't really understand it either.
@Rtlsnk316 (1197)
• Mexico
26 Apr 11
If it's anoter way of making money I wouldn't mind testing it, but would like to know myself what it is exactly?
I've tried a little bit of the eToro demo, but have not invested real money in forex, at least not yet.
What can you tell us about it?
@MsPatriciaDV (636)
• Philippines
26 Apr 11
Well, I tried eToro in just a demo platform (without investing), and I think it's more like a gamble if you intend to make it a way for earning money. Predicting the movement of a commodity in the stocks is not as easy as looking at the stars. I think someone should make studies and lessons first.
@connierebel (1557)
• United States
26 Apr 11
I didn't try those sites, but I did try EZTrader. I really didn't understand much, it almost seems like gambling on whether the stock or commodity will go up or down. I funded my account with $100, and I took out $150, so at least I made a small profit. But I figured it was best to get out while I was ahead, because it's very easy to lose everything when you don't know what you're doing.
@petersum (4522)
• United States
26 Apr 11
It reminds me of those heads or tails games that you can bet on if you have a Liberty Reserve account. The only differences that I can see are, first the minimum investment of up to $30 per bet with binary options, and a less than 50/50 chance of winning. Where is the commission? How does the broker/site make money? There are a lot of unanswered questions in all of the schemes. Heads or tails is understandable at least!
