Casinos and Binary Options
Why binary options aren’t the same thing as a casino
Intuition and chance these are two principles on which the casino game is based. At the same time, companies that offer gambling houses and online casinos make money just from the "air” using human weaknesses and biases of the game.
Earnings in the casino are a myth that is spread by the founders of gambling companies that profit from "gambling" billions of dollars a year.
Intuition and coincidence – that’s all, nothing more. Since the casino players simply do not have other assistants.
Binary options trading is a kind of financial transactions related to the sale of financial assets. In this case, the profit is the result of speculative action on the price increase - reducing of selected trade instrument.
In trade, the trader is guided by the macroeconomic data on the state of economies, industries and individual companies, as well as the data obtained as a result of technical analysis. Trading on the stock exchange is the kind of business that is booming all over the world.
In this case, each client of the brokerage company has an exceptional opportunity to join the exchange and trade relations on a par with the major market participants, while using their own trading terminal.
Is it possible to draw a parallel with the stock exchange trading and playing at the casino? Of course not!
Why aren’t binary options the same thing as a casino? Because the trader uses the data of objective reality in making trading decisions, based on the data of the economy that affect the behavior of financial assets and technical analysis showing the price channels, levels of support and resistance. At the same time, successful traders are millionaires who trade in the financial markets.
At the same time, the only thing that the player in the casino can rely on is a fluke that can bring wins. However, the concept of a successful casino player does not exist. The only one who makes money on a casino game is a constituent company.
That's why binary options are not the same as a casino!