Binary options have become a gambling revolution that quickly attracted lots of gamblers who are eager to place huge bets that can pay off really well. This way of gambling first appeared around 2008 when it was approved by the US Securities and Exchange Commission. At a time when the world economy was hit by recession, people needed a more simple way of trading as well as a more thrilling way of gambling than playing casino games. That was the perfect moment for binary options to hit the market and provide thousands of online gamblers the chance to play big and win big.
What Are Binary Options?
Paying attention to the name binary options, you may already get the idea behind this type of gambling. Binary options offer two possible outcomes: win or lose. There is no gray area, there are no several options – everything is pretty simple. A gambler can either win or lose when gambling with binary options. Instead of placing a bet on various numbers or playing long table game sessions, binary options allow players to use their knowledge and intuition in order to guess whether the price of a particular asset will grow or fall. The asset can be really anything. Some people like to gamble with a company’s stock value, whereas others place their money on the value of gold or some currencies. Depending on whether your guess is correct or not, you will either get back your bet alongside a pre-arranged amount of money or lose the whole bet. Binary options have three main components that have to be known by those who enjoy this form of gambling.
Asset value is the most important component of gambling with binary options since everything starts from it. The exact value of the asset is noted once the final deal is locked and whether a player has won or lost depends on how this value changes in the future.
Direction and Time
Direction and time together form another component of this type of gambling. Having in mind the value of the asset, gamblers guess the direction of the value (up or down) in the future. The timeframe can be an hour, a week and so on. This depends on the gambler as well as on the gaming site that offers the binary option.
The final component is, naturally, the bet size. The amount you want to trade depends only on you and therefore thrill-seekers can place huge bets and expect massive wins if they guess the asset value change.
Pros of Gambling with Binary Options
Gambling with binary options wouldn’t have been so popular unless it was a concept that comes with many advantages in comparison to trading and playing real money casino games. Trading tends to be a very risky way of investing money since the final objective of those who make stock trading possible is for their company to make a profit, regardless whether their customers lose lots of money. Plus, at some trading sites you can lose more than you have invested. Casino games, on the other hand, are mostly about luck and chance. None of these things is the case with gambling with binary options. Those who will decide to try this way of gambling will always have a clear expectation of how much they can lose and how much they will win. Also, the border of winning and losing is extremely clear and there is no confusion about what has to happen in order to end up a winner.
Recommended Site for Gambling with Binary Options
By doing their homework and making smart guesses, gamblers can generate good profit by gambling with binary options; therefore, if you want to start gambling with binary options right now, you can do so at leading sites such as Banc de Binary. The story of Banc de Binary starts in 2009 and since then this platform has managed to become the world’s largest binary options brokerage. Binary options enthusiasts at Banc de Binary can gamble with price of currencies, commodities, stocks and indices. There are 200 tradable assets from more than 30 countries all around the world. Banc de Binary is a serious and reliable operator that offers to its customers free daily market analysis, starting bonuses as well as an extensive library of educational resources. Additionally, the site features financial experts who are always there to provide a free of charge walkthrough of Banc de Binary’s platforms. The binary options bonuses at Banc de Binary usually vary between 50% and 100% and the standard minimum wagering requirements are 20 times the deposit plus the bonus amount. Finally, Banc de Binary is a 100% safe and secure site that provides fast money transactions via credit cards, e-wallets and bank transfers.