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What do you guys think about binary option trading?
I ran across a site called Eztrader, apparently you can trade options with a pre-determined strike price, as long as you beat your strike you get the pre-determined payout. It does not matter how much you go over your strike price, it can go over.0001 and you get the payout. But so many people tell me it’s a scam, is it true?
Some may like it but IMO I’d just as soon put a couple bucks on a state Lotto or play Roulette. But that may be because I’m just not so good with loads of numbers buzzing around my head! Binary Options seems cool but complicated…
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LikeDislikeFrom what I’ve read its not a scam, its a scheme, its stacked against the user you need 2 wins for ever loss to offset it, or 4 wins for every loss to actually make it as if you didn’t lose to begin with. This is just some prior research I did before getting into them.
I just started doing binary options this week and as long as you follow some type of trading strategy you can get a fairly decent win rate and return, I put in $150 to start with and I’m just over $500 with $25 puts or calls and a ~70% return on each ‘win’.
I haven’t withdrawn any money yet so I’m not sure how much of a pain that will be, but it seems like it should be simple enough provided what they say is true.
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