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The simplicity of binary trading often comes at the cost of flexibility—there’s no leverage, partial closing, or advanced order types.

Underlying Asset: The financial product you’re trading, such as a currency pair like EUR/USD, a commodity like gold, or an index.

While binary options share similarities with gambling—such as fixed outcomes and quick results—they are not inherently gambling.

That said, treating binary options like a game of chance—trading impulsively without analysis—does make it gambling. Conversely, applying solid trading strategies, using proper analysis, and managing risk turns it into a legitimate form of speculative trading.

After execution, track the trade’s progress on your platform. Some brokers may allow early closure to secure a profit or limit losses—use this feature wisely.

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Traders simply decide whether the asset’s price will be above or below the strike price when the trade expires. If the prediction is correct, you receive the fixed payout. If not, you lose your investment for that trade.

No, binary options themselves are not a scam—they are a legitimate form of financial trading. However, the industry has gained a poor reputation check here due to the presence of unregulated brokers, fraudulent platforms, and deceptive marketing practices.

In many jurisdictions, binary options are lightly regulated or not regulated at all, increasing the risk of scams and fraudulent brokers.

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Trading binary options involves a straightforward decision—will the price go up or down? Pelo need for complex strategies or timing exits.

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