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Binary options were once popular as traders know the potential profit even before opening trading positions Pocket Option Easy Strategy . Many platforms and brokers claim that through binary options, they promised a huge return and a high ROI . This false advertising has caused significant losses among investors while the big bosses behind the scams remain unpunished . Why binary options turn out to be a scam?
How much money do I need to invest to make $1000 a month? Invest in Dividend Stocks A stock portfolio focused on dividends can generate $1,000 per month or more in perpetual passive income, Mircea Iosif wrote on Medium. “For example, at a 4% dividend yield, you would need a portfolio worth $300,000.
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According to CFTC, a binary option is a type of options contract in which the payout depends entirely on the outcome of a yes/no proposition and typically relates to whether the price of a particular asset will rise above or fall below a specified amount. Once the option is acquired, there is no further decision for the holder to make regarding the exercise of the binary option because binary options exercise automatically.
Unlike other types of options, a binary option does not give the holder the right to buy or sell the specified asset . When the binary option expires, the option holder receives either a pre-determined amount of cash or nothing at all Pocket Option Achievements . Unlike traditional instruments like forex, stocks, or futures, it does not require a trader to consider the range of a rise or fall.For example, if a trader bets EUR/USD will rise in an hour with an investment of USD 100, then he or she will get 70% return (USD 70) if the price goes as expected or lose USD 85 if the price goes the opposite way.
With a simple trading logic similar to gambling, binary options are often taken advantage by scammers. Read More Here