How to Gamble with Binary Options

There are many articles on the internet, which claim that binary options are a type of gambling. To determine if binary options are trading or gambling, we need to focus on the definition of these terms. Once we observe the definitions, we may be sure that these things have some similarities. It is sure that binary options are the action which has to involve money or something valuable and its outcome has to be determined by chance, just like in gambling. Therefore, are binary options gambling or not it is specifically up to you. Does your trade depend on chance? Do you have the strategy or invest randomly? If the first answer was positive and the second was that you do invest randomly and without extensive research, then it means that you are gambling with binary options.

So, if you want to know how to gamble on binary options, you only need to know how to gamble, in general, let yourself as well as your money in the hands of pure luck and hope for the best. There is no difference from betting on red or black while playing roulette and trading a random option.

Nevertheless, many experts recommend that you do not gamble with binary options, and stress the fact that gambling over the time means losing the money. So if you are trying to make a profit with binary options, then you should rather focus on the strategy, and improve your knowledge of the market regularly, even though the element of chance is always present. The financial market is not a safe market, and you can never be sure that your investing will pay off, but on the other hand, you cannot say that you are gambling if you observe the market and the elements which can improve your chances of the positive outcome.

It is all about the percentages

Everything that you do 50 percent of the time will have the positive outcome. If you had a way of predicting that positive outcome will happen 60 percent of the time, through the period of the time, you would eventually make money. Therefore you would be able to say that you are investing not gambling.

However, one thing needs to be stressed, and it is the fact that binary options attract different kinds of people who are eager to make money, and not only the people who gamble on online poker sites. Even if we admit that binary options are gambling, we need to have one thing in mind. When we gamble, the outcome of a dice roll, for example, is not influenced by all the other previous rolls of that same dice, while in trading the price action of an asset we will observe its historical price action to make the next step. Educated binary options traders will never admit that they are gambling, but if you love the online casino and similar ways of earning money, binary options can also be a market for you.

Demo Accounts

There are many options you can try, which are all available as part of exchange, it can be interesting as well, and you will know that you participate in something big. There are demo accounts available for all those who are eager to explore these possibilities for themselves.


Click here to sign up with IQ Option, offering trades for just $1!


So, if you are eager to trade, and not gamble, then you can explore all the necessary things you need to know before you get going with binary options. There are many tutorials and guides, as well as reviews which can help you to make your first steps on the trading platforms.

60-Second Binary Options Trading Strategy

How to trade 60-second binary options is the very common question. This 60-second binary options trading strategy should not be used by itself, but rather as a part of your trades and overall trading strategy. Therefore, it will be much more effective.

If we want it to be effective, it should be a part of your overall 60-second trading strategy. The “series” trade need to include three identical contracts, which are purchased 10-25 seconds apart. Every contract should cost the same. In this case, it is significant to mention that volatility determines the purchase intervals. Consequently, as volatility rises, your spacing intervals should rise as well.

Besides, the default spacing which should be used most of the time is 10 seconds. In cases when volatility is particularly high for your asset, you should make your intervals last between 15-25 seconds. Moreover, they should never exceed 30 seconds, because the first contract can expire before you purchase the third. The exact spacing time is not critical if the above guidelines are strictly followed. Following these steps will not provide instant success; however, it will surely make you better over the time.

Trading Binary Options vs. Blackjack

Both of these actions require some skills. Counting cards is a way to gain information, which is a necessary step when trading with binary options. Further, keeping track of the cards will allow players to make better decisions. But if you want to earn some extra money quickly binary options betting is a better choice.

Blackjack is a game, and the events that occur during the game cannot affect the events outside of the game. So in blackjack you must gather information every time you start a new game, while in binary options information you already know can be used and further extended.

Further, if you play blackjack, you cannot be sure how much money you are about to win or lose on a given a hand. In the case of binary options trading, your potential gain is already determined, and your potential loss is limited the amount you initially invested.

Trading with Real Money

The binary options market is a fast paced and exciting environment. It also, however, can pose risk for traders if they end up in a losing position. When trading binary options with real money, traders can typically earn a fixed amount of reward should their option contract expire in-the-money. However, should the option expire out-of-the-money, there is oftentimes no return, leaving the trader with a loss of their invested funds.

Prior to trading with real money, it is essential that traders – especially those who are new to the binary options trading arena – have a thorough understanding of how the market works. For this reason, many of the online binary options trading platforms will offer educational tutorials and other resources that will assist traders in being more comfortable with trading these vehicles.

In addition, most of these platforms will also offer customer service representatives – many who are available 24/7 – for the purpose of asking questions and for assistance with placing trades. Representatives can typically be reached in a number of different ways, including toll-free telephone line, email, fax, and/or online chat.

Prof. Binary’s Trading Tip:

Despite the fact that there are hundreds of different brokers you should be very careful which one you choose when you want to trade with real money. We recommend that you stick with IQ Option, the world’s market leader.

Click here to trade with real money at IQ Option!

How to Practice Trading Without Real Money

Many of the online binary options trading platforms will allow traders to participate in trading transactions – oftentimes using real underlying assets and in real time – yet without using any of the trader’s own funds. This can occur through the use of a demo account.
By using a demo account, traders can get a real feel for how the binary options market operates, as well as for the tools that are available through the binary options trading platform – all without trading with real money.

Some binary options platforms will require that traders first open an account and make a minimum amount of deposit into that account prior to offering them a demo account to use. If, however, after using the demo account, the trader does not wish to pursue trading via that particular options platform, they can typically receive their deposit money back.

How to Make Deposits Into a Binary Options Trading Account

When traders are ready to make binary options trades using their own money, they will be required to make a deposit into the account (if they have not already done so). Most options platforms will require that traders not only make a minimum amount of deposit into their account initially, but also that they place at least a minimum amount of investment into each trade.

In some cases, in order to prompt traders to open an account, binary options trading platforms will offer a bonus to traders who deposit a certain amount of money into their accounts. For example, if a trader makes an initial deposit of $250 into their account, the platform may provide them with a bonus of an additional $100 with which to trade. This, too, represents real money that the trader can use.
There are a number of ways to make deposits into a binary options trading account. These can include using:

  • Credit or Debit Card
  • Online Payment Processing Service
  • Domestic or International Wire Transfer

When trading with real money, many binary options trading platforms will also allow traders to make deposits and to trade using their home-country’s currency. This flexibility can entice more traders worldwide to participate in such options trades.

Trading on the Weekend

When trading in the options arena, traders have the opportunity to profit a great deal – and for those who trade binary options, the ability to transact trades both during the week and on weekends can add an additional amount of profit potential.

Although investors can typically place their intended trades over the weekend through a traditional stock brokerage firm, these “after hours” trades will not actually be executed until trading has resumed on the following business day.

There are a number of binary options brokers that are open for weekend trading. In most cases, these platforms will typically allow trading of Above Below and/or Up Down binaries that have expiries of 30 or 60 minutes. Other binary option brokers may sell touch binary options that have an expiry on the following Friday within a specific time period during the weekend.

By far the best choice for weekend trading is IQ Option. It’s not only the largest and most reliable broker today, it also offers an innovative over the counter (OTC) trading opportunity. There’s no better way to trade on weekends than this.

Prof. Binary’s Trading Tip:

If you’re still not familiar with these terms and are not sure what options there are and how to trade with them you should take a look at our terms and explanations article. There you’ll find everything you need to know to understand everything in this article.

While binary option traders can choose their underlying stocks from the securities exchanges that are open for trading on the weekend, these traders may also find many companies that are listed on these markets for underlying assets on the binary options contracts that are offered by binary options brokers.

Why Trade Binary Options on the Weekend?

One of the biggest advantages to trading in binary options is that traders can place buy and sell transactions on the weekends when most other worldwide investment markets are closed. In so doing, binary option traders may have the opportunity to make a nice profit within a short period of time when trading options with 30 or 60 minute expiries over the weekend.

Where Can Binary Options Trades Take Place on the Weekend?

Unlike the U.S. exchanges, there are certain securities exchanges across the globe that are open during weekend days. For example, in the Middle East, the trading week will typically run from Sunday through Thursday in some areas and from Saturday through Wednesday in others. This allows binary options traders to actively enter and exit their trades when the underlying assets that are associated with these trades are listed on a market that is open.
Some of the major exchanges that are open for trading on the weekends include:

  • DFM Index – This index is based on the Dubai stock exchange, one of the major exchanges that is located in the United Arab Emirates.
  • Tel Aviv 25 Index – The Tel Aviv 25 Index is composed of the top 25 companies – based on their market capitalization – in the Tel Aviv Exchange. This exchange is the only market that is available for trading securities in Israel.
  • Kuwait Stock Exchange – The Kuwait Stock Exchange represents the stock index for the national Kuwaiti stock exchange that is inclusive of investment companies, banks, real estate, and insurance companies located in Kuwait.
  • Tadawul Index – This exchange is the only stock exchange that is located in Saudi Arabia.

As with trading binary options at any other time of the week, it is similarly important to monitor any news or events that may affect the price of an option’s underlying asset prior to placing a trade. This may help a trader to more accurately predict whether the price of the underlying asset will rise or fall.

Trading Example

The binary options market is an extremely fast paced environment. Here, traders must learn to make decisions quickly based on analysis of whether they feel that the price of an option’s underlying asset will rise or fall during the time period in which they hold an option contract.

Many of today’s online binary options trading platforms offer tutorials and other educational opportunities that can assist both new and experienced traders in learning the overall market, as well as the tools that are available to help them profit in this market.

One such tool may include the use of a demo account where the trader can place actual trades using real assets in real time, yet without putting any of the trader’s own funds at risk. These accounts can help traders to become more comfortable trading in the market when the time comes to place trades with real money. Yet, prior to even using a demo account, it is oftentimes helpful to study binary options trading examples.

Prof. Binary’s Trading Tip:

If you’re still not familiar with these terms and are not sure what options there are and how to trade with them you should take a look at our terms and explanations article. There you’ll find everything you need to know to understand everything in this article.

How Binary Options Trading Works

With binary options trading, traders typically work within an atmosphere of predetermined risk and/or reward. This means that the trader will receive either a fixed amount of return in terms of profit, or they will receive nothing at all should their option transaction expire out-of-the-money.

The two key variables that a binary options trader should focus on include the direction of the underlying asset’s price and the timing of when his or her option contract will expire. Unlike trading in regular options, the returns on binary options are a fixed amount. Because these returns are already known by the trader prior to entering their binary option trade, there is no need to be concerned with exiting quickly in order to receive profit or eliminate loss when the option’s value reaches a certain amount.

Walking Through a Binary Options Trading Transaction

Using an example of a high/low binary options trade – which is considered to be a standard binary option contract – along with a currency pair of the Euro and the U.S. dollar, or EUR/USD, as the underlying asset, here is how a trader might proceed.

  • Open the Trade – In order to initially open the trade, the trader will simply find the underlying asset that they desire on the binary option trading platform.
  • Choose the Direction – In choosing the direction, the trader will pick whether the underlying asset’s price will rise or fall during the time of the option contract.
  • Choose the Options Expiry – In determining the expiry, the trader will choose when the option contract will expire.
  • Enter the Amount to Invest – Most online binary options trading platforms will require traders to invest a certain minimum amount on trades. Here, the trader will decide upon the amount that they wish to invest and then press the “Buy” button.

Once all of these factors have been chosen, the trader is given a chance to cancel or change their trade if they so desire. Should the trader wish to continue, they should click on the “Approve” button.
As the option moves closer to its expiry time, it will be either in-the-money (a profitable position for the trader) or out-of-the-money (a losing position for the trader). Should the option expire in-the-money, the trader will earn a fixed amount of return.

Where to Find Additional Assistance

Most of the binary options trading platforms offer customer service representatives who are well-versed in this type of trading. Therefore, should a trader have a question or need assistance in placing a trade, these representatives can walk the trader through the procedure. This can help to ensure that the trader has included all of the necessary tasks in placing his or her trade.

Mobile Trading

In today’s fast paced world, convenience is the name of the game – and this is especially the case for those who trade in the ever-moving world of binary options. While laptop computers may offer some amount of flexibility, these devices are oftentimes cumbersome and unusable in certain situations.

In looking to fill the need for ongoing information and access to trades, some of the binary options trading platforms have now adapted to a new wave of technology – mobile trading. This technology can allow traders the ability to access their accounts anytime and anywhere, and to make trades from their iPhone or Android, as well as via compatible tablets such as the iPad.

Prof. Binary’s Trading Tip: One of the best brokers for mobile trading is IQOption. There you will enjoy a great web application that is compatible with iPhone, Android, Windows Phone, iPad and everything similar. You don’t have to download a specific app and can start trading right away.

Click here to trade with your smartphone or tablet at IQ option!

Mobile Trading to the Rescue

Mobile trading can give users an added amount of flexibility that they otherwise would not have, even if using a laptop computer. Managing trades the old way presented many obstacles such as firewalls that prevent login to external websites and even potential theft of the laptop itself.

Yet, using a mobile device such as a smartphone or tablet can rid traders of such obstacles and allow them to have much more control over when, where, and even how they manage their binary option trades.

Just some of the many advantages that traders can take part in by using mobile trading apps include the ability to:

  • Trade in real time from wherever they are at any time
  • Follow live market movements, while watching for trends that can allow them to hedge their trading positions
  • Obtain live asset quotes from numerous markets and exchanges
  • Continuously monitor trades and allowing for adjustments that could cut losses and/or enhance profits
  • Make additional deposits and request fund withdrawals
  • Manage and access their account

How to Take Advantage of Mobile Trading Options

Today, the binary option trading platforms that do not offer access to mobile trading are likely to be left in the dust. And, with smartphone companies selling an exponential number of apps, it is likely that the mobile trading platform will become even more popular going forward.
In most cases, gaining access to mobile trading is as easy as downloading the application to a trader’s mobile device. Prior to doing so, traders are encouraged to visit online review sites in order to find out what current mobile trading users are saying. This is a great way to get all of the ins and outs of how these apps work in real trading situations.

Traders should also visit app stores in order to get a good idea of just exactly what apps are available and how these particular apps can work to make their trading experience easier and much more flexible.
While mobile trading applications for binary options have filled a much anticipated need, other tools and add-ons in this area are continually being developed that can allow traders even more functionality and improved user experiences in the future.

No more being on edge wondering which way trades are heading without the ability to monitor or adjust positions. The old way of “setting and forgetting” trades is now a thing of the past – allowing traders to be less on edge when they are away from their computer screens and on top of their trades at any given time.

To learn more about mobile binary options trading, please visit our Mobile Trading section.

Important Terms

When participating in any type of investment activity, it is important to have a good understanding of various associated terms and phrases. Similar to any entity – whether physical or intangible – having a good foundation helps in ensuring that everything else remains strong.

In the trading of binary options, the market tends to move fast. Traders must monitor their positions so that they know if they are in- or out-of-the-money and are thus in a profit or loss zone. In this case, knowing the terms that are affiliated with trading and transactions is essential.

Before starting to trade in the binary options area, the difference between these instruments and regular options should first be noted:

Options – Options are considered to be financial derivatives that represent a contract that is sold by one entity, or the option writer, to another entity, or the option holder. The contract will offer the purchaser the right – but not the obligation – to either buy (call) or to sell (put) an underlying security or other type of financial asset at an agreed-upon price within a specific time frame or on a set date. With this type of option, the investor could gain or lose an indefinite sum.

Binary Options - Binary options differ from regular options in that their payoff is either set at a fixed amount of an underlying asset if the option expires in-the-money, or at nothing at all should the option expire out-of-the-money. These options may also be referred to as digital options.

Some of the other most important terms as they relate to binary options trading include:

At-the-Money – An option will expire at-the-money if the price of the underlying asset is the same at the options expiry time as it was at the time of the option’s purchase.

Call – When investors buy a call option, they are presuming that the price of the underlying asset will be higher at the option expiry date than it was at the time of the option’s purchase.

Expiry Time – The expiry time represents the date and time that the option will expire.

Prof. Binary’s Trading Tip:

You should also take a look at our trading example where we show you how to trade with binary options. Once you’re familiar with the terms you won’t have problems to understand how binary options actually work.

Click here to proceed to our trading example!

Index / Indices – An index represents a group of stocks or securities such as the Dow Jones Industrial Average (DJIA) and the NSADAQ.

In-the-Money – When an option is in-the-money, the trader will finish the option’s time period in a profitable position.

Out-of-the-Money – When an option is out-of-the-money, the trader finishes the option’s time period in an unprofitable position.

Put – When a trader holds a put option, he or she presumes that the value of the underlying asset will be lower at the time of the options expiry than it was at the time of the option’s purchase.

Strike Price – An option’s strike price represents the price of an asset at the time of sale. This is used in determining whether the option contract will expire either in-the-money or out-of-the-money.

Underlying Asset – Underlying assets can represent a number of different entities, including individual stocks, indices, currencies, and commodities such as gold or crude oil.

Demo Account

Trading in the binary options arena can be exciting and filled with profit potential. Yet, for both new and experienced traders, it is essential to have a thorough understanding of how the market works as well as the tools that are available prior to executing any type of live trade. Otherwise, it is possible that investment funds could be quickly lost.

One way that binary options trading platforms can assist traders in learning the market and how it works is in the offering of demo accounts. Using a demo account, a trader can typically trade in most or all of the options’ underlying assets – using the platform’s trading tools – without putting any real money at risk.

Prof. Binary’s Trading Tip: There are not many brokers where you can make use of a demo account but IQOption is by far the best choice. There you can sign up now and trade with a demo account for one day – no deposit required. This is a great way to get started with binary options. You can also start trading with $10 only – no need to make a big deposit!

Click here to start trading with a free demo account at IQ Option!

How to Obtain a Binary Options Demo Account

There are several ways to obtain a binary options demo account. Typically, most of the online binary options platforms will offer such accounts. However, in many cases, traders must first open an account with the trading platform.

In addition, it is oftentimes a requirement that the trader make a deposit into their account prior to being given a demo account. In these instances, however, should the trader decide after using the demo account that binary options trading is not for them, they may withdraw the funds from their account.

Some binary options trading platforms will allow traders an unlimited amount of time with which to use their demo account. This is because it may take some users – especially those that are new to this type of trading – more time to get comfortable with trading in the binary options market.

In addition to offering demo accounts, many online binary options platforms will also provide online tutorials and trading information that can help users get up to speed with how trading works, as well as with the different trading tools that are available through the platform.

The Benefits of Using a Demo Account

The binary options market is extremely fast paced. Using a demo account can help a trader to become more comfortable in this atmosphere and to act quickly in executing their investment transactions.

The techniques that users can learn through use of a binary options demo account will allow them to become familiar with this market, as well as to make errors and mistakes without the risk of losing a great deal of money and thus alleviating many issues prior to placing any real money into a trading transaction.

Using a demo account can represent a risk-free way for users to trade binary options in real time, yet without using any of their own funds. Here, users are able to simulate trades and try out new strategies to see how they may – or may not – work.

Regardless of whether a trader is new or experienced, having a demo account through which to “practice” placing and selling trades is an excellent way to help traders become more comfortable with trading, which may in turn help to reduce some of the risk that is inherent in any investment market.