Binary Options Hi, I need your help. I was contacted by a certain lady by the name Emma Thompson.

She says she works for one company that helps people buy shares through Binary options.

She says people get rich within 3 days tripling their money. She entices by offering to give you $200 for first time traders.

But what surprises me is she wants to debit a certain amount out of my account. I want to know if they are legitimate or not.

I did not give them my card number because she wanted it.

Proving binary options

can-i-trade-binary-options

Looking forward to your response.

Binary Options are a very risky business. The idea behind binary options is actually very simple.

You select two commodities such as foreign currencies and you bet whether one of them will increase or decrease compared to the other.

For instance, you might select the exchange rate between Euro and the US dollar. There are only two possibilities of what can happen, they say.

The rate can go up or it can go down. You gamble on which you think will happen and you can win and make a profit, or lose and get nothing.

Two options, so they call it binary. So far, so simple.

But there are two important questions you should ask. Firstly, if it’s possible to make money from binary options why aren’t these people keeping this idea secret and making money for themselves? What do they gain from you joining their scheme?

Secondly, if such profits were really possible don’t you think banks would be doing it and earning this sort of money for themselves?

The answer is the same for both questions. These profits are really possible. This company makes money from you joining their scheme.

They are the ones making the huge profits, not you and not me.

I found an interesting quote about binary options. Gordon Pape, writing in Forbes magazine said: “If people want to gamble, that’s their choice. But let’s not confuse that with investing. Binary options are a crapshoot, pure and simple.”

Curated from thevoicebw.com