Binary Options are again a hot topic discussed in cyberspace. There are many pros and cons that arise when this topic comes up. On the one hand, there are several public figures who aggressively promote and become affiliates of this binary options system, on the other hand, many also say that binary options are scams.

Binary Options Explanation

Binary options, in short, an online trading instrument system. So the players are asked to guess the rise and fall of a price. Even to start trading, users have to deposit a few US dollars. Now, the user will choose their assets, from currencies, stock indices, to commodities. If the user's guess is correct, he will get a profit of 60 to 90 percent, what if he loses? Yes of course you will lose! The capital that we have deposited will be lost entirely. This system makes a lot of people lose money when trying binary options.

As a result of this binary options system, many victims have sprung up

Many victims have started to speak up about this binary options system. The losses suffered by these victims were also fantastic. One of them is a YouTuber who tells how he got an extraordinary loss due to this binary option.

Yes, how can you not lose if the system base is just guessing the price, aka hockey. Moreover, there are indications that the applicator can determine the appropriate price in order to maximize the profit of the applicator.

This binary options system is arguably an illegal investment

After seeing it, it certainly doesn't feel natural to be able to profit in that way. From how to get a profit, it's very unnatural too, let alone telling the trader to guess the price. You could say this is gambling under the guise of trading.

Of course legally in some countries this is illegal. There are even parties who have repeatedly closed various Binary Options company sites. Unfortunately, like weeds, similar sites keep popping up.

So if it's like that, why are so many people joining?

There are actually many reasons. First, it could be due to ignorance and lack of initiative to find out about the trading instrument. Second, the profits sold are very bombastic. The profit of 60 to 90 percent offered is unreasonable. No other investment instrument can even promise that much profit. Third, because there are affiliates who use several influencers to advertise their products.

So for those who want to try stock instruments, they should be explored first. Starting from the benefits offered whether it makes sense or not, to the issue of permits from the government as a regulator in the trade sector. So the point is, if you want to dive into the world of stock and investment, the most important thing is to investigate further and whether it is a legal entity and has received permission from the government, lest you want to make a profit instead of being a loss.