binary betting

[leemore]

I really wanna try promotion binary options and it's in the queue of things to do, but so is buying a bin for the kitchen and that's been in the queue for over a year and I'm still using horrible black bin bags which means I end up with food and junk all over the kitchen floor which sticks to my feet so by the time I finally get around to registering a site about binary options and making it and promoting it and getting it into the rankings, the fuss will be all over and I'll be too late. That's my free prediction of the day.

The truth is always better than a miserable lie

[leemore]

Is that kind of plug allowed on this site?
I thought this was not.

I am also assuming your brand is being run by a casino - mind stating which one ?
Oh and lastly, next time at least write something original - most people here ARE affiliates, not traders... so that kind of thing looks a little low brow. Just my opinion - don't mean any offense by it. And in any case, you're not likely to answer as you are probably just a bot - am I wrong ?

[-Shay-]

quote removed since the original post quoted was a copy/pasted spam

Binaries are definitely betting - not investing. There is a slight difference.

[leemore]

I am a trader and have been running forex, binary options, and even stock brokerages. I can tell you first hand - there's NO difference between gambling and investing. It's an illusion. Of course you can make bank trading. I have pro trading friends. But they don't trade binaries, forex, or stocks for that matter.

[-Shay-]

Can you "call" away stock on the binary "trading" platform when the underlying stock skyrockets above the strike price?

Can you "put" actual stock to someone when the underlying stock tanks prior to the expiration date on the binary platform?

/nonsense

[leemore]

Um, yes - in both cases, the answer is 100% yes.
I don't think you understand how it works

It's based on the same price in the stock market.
So if the market is heading down, and you want a "put" - just click and it's yours
Sure, if the price starts moving very fast, a trader may have trouble clicking fast enough to get a price
But that's got nothing to do at that point with the product itself or the question of its relationship to investing/gambling

[-Shay-]

Um, yes - in both cases, the answer is 100% yes.
I don't think you understand how it works

It's based on the same price in the stock market.
So if the market is heading down, and you want a "put" - just click and it's yours
Sure, if the price starts moving very fast, a trader may have trouble clicking fast enough to get a price
But that's got nothing to do at that point with the product itself or the question of its relationship to investing/gambling

So, you're saying that if I pick "call" that instead of collecting my "winnings", I am able to actually call away the underlying stock to own the stock instead of allowing the option to expire in the money and take profits?

[leemore]

No
You can't own the stock

[-Shay-]

No
You can't own the stock

With options, you can exercise them and own stock or put actual stock to someone (amongst other things). If you cannot own the stock, then these ARE bets, NOT investments.

I'm not knocking the product in any fashion - just calling a spade a spade. These are betting products, not investments and too many people (in my opinion) are wrongly positioning this as an investment.

[leemore]

Ok - then forex trading is also betting
As is CFD trading
As there as well, you are NOT buying the underlying
And yet, banks and brokerages, and professional traders trade them as investments

You need to separate style from substance
The fact that "gamblers" use investment vehicles has nothing to do with the product
If an idiot buys 5 apartments cause he thinks it's a good investment - is that betting? I'd say yes. Cause the "style" or approach to the investment is amateurish. But you can't call a house a "bet".
Same with binaries. Binary options can be bought directly via exchanges. They can be constructed using vanilla options. And they can be bought direct via brokers.

[universal4]

You're making a pretty good argument of why this crap shouldn't be here.

Rick
Universal4

[-Shay-]

My replies in bold and once again - not knocking the product at all - just calling a spade a spade.

Ok - then forex trading is also betting
As is CFD trading
As there as well, you are NOT buying the underlying
And yet, banks and brokerages, and professional traders trade them as investments

Banks & brokerages do trade in options & currency, as do hedge funds. However, they are trading ACTUAL options where they can sell the options back in the money at a profit, exercise them at the strike price prior to expiration, or allow them to expire worthless. With currency, rest assured the banks would be run through the wringer if they were leveraging currency on something that had no real asset backing it.

You need to separate style from substance
The fact that "gamblers" use investment vehicles has nothing to do with the product
If an idiot buys 5 apartments cause he thinks it's a good investment - is that betting? I'd say yes. Cause the "style" or approach to the investment is amateurish. But you can't call a house a "bet".
Same with binaries. Binary options can be bought directly via exchanges. They can be constructed using vanilla options. And they can be bought direct via brokers.

5 apartments would be an investment, as there is an underlying asset being purchased. With binaries, there is not an underlying asset. There is an asset that the binary tracks through but there is not an underlying asset you can strike.

Again, I quite like the product for what it is - a way to gamble or bet on the markets and price movement. However, anyone who thinks this is a way to "invest" is fooling themselves. Anyone in the industry who positions this as a way to invest is fooling others.

Not sure about online brokerages, but if you're trading options through a real life broker - in the US, you have to satisfy suitability (i.e. - sophisticated investor, of suitable net worth). The broker must also be properly licenced and experienced to place you in such investment vehicles. Without going into specifics for a variety of reasons, this is not what binaries are and honestly, I don't think anyone in the industry "really" wants binaries to be "viewed" as "investments" by anyone in a position of power.

[FictionNet]

I'm new to binary

Post of the year.