Binary options trading. scam?
Making money and lots of it, we all want that don't we? We have been deluded by many, such as The 100k Club, Spot on Option, Binary Option Auto Trader, and many more. They have been advertising Binary Options. What are binary options? These Binary options allow you to trade in currencies, stocks and bonds, and you can place a trade whether you think that the current rate will go up or down, the minimum trade is up to $25 dollars and upwards. Trading in these fields can be rewarding, payout up to 60%, but are also very risky and you could lose all your money.
Who is it for?
It is designed to attract those who want to make easy money so it seems. It attracts the money hungry and that's basically all the population on this planet above 18 years of age. Cause lets face it, we all want to make money and when we come across these sites it is very tempting. I myself invested a small amount just to try it out, and believe me it was one the most stressful experience I have had. I managed to stay in that trade for one week until I lost my money.
As you can see from the snapshot you have the option to choose what you want to trade in and you have a graph that tells you if the trend is an upward or downward trend. What you have to do is decide if you want to bid on the up trend if you believe that it will increase or bid down because you believe it will decrease by clicking either the up or down buttons. Depending on the time frame you chose, gives you a higher return, as the example above, I believe it is the 60 second time frame which pays out 85% return, however, as you can see on the graph it could drop well below in an instant and could climb rapidly also.
I would like it if you could visit this site and give me your critique thank you.