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About Me

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  1. With binary trading on faucetpay, you have the potential to earn mega bucks or lose it all. I just thought to share my opinion on whether it is the same as gambling. There is a thin line between trading and gambling in that a trade can end up in two ways only, a win or a loss, just like when you gamble. Simply put, gambling is “betting on an uncertain outcome, as of a contest”. In another word, gambling is taking a risk in the hope of gaining an advantage or a benefit. In binary trading, it is committing your put or call orders in order to gain a financial return. In other to answer the question whether Binary Options is gambling or trading, every trader must analyze his/her long term objectives. That is to say, does your strategy have a long term positive expectancy? If your trading strategy is not mathematically stable or cannot be calculated, it means you do not have a solid strategy which is in effect, no strategy at all. If you can not defend your strategy for flaws or for its logic, you are most likely gambling. It therefore means that one major difference between binary trading and gambling is the absence or presence of dependable and dependable winning strategy. Outside of this, it is almost totally gambling or at the very least trading blindly. In conclusion, it is my opinion that binary trading is only a form of a gambling but not gambling strictly speaking. What's your opinion?
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