{"id":984,"date":"2017-01-20T18:31:01","date_gmt":"2017-01-20T18:31:01","guid":{"rendered":"http:\/\/frugalstudent.co.uk\/?p=984"},"modified":"2017-01-20T22:23:07","modified_gmt":"2017-01-20T22:23:07","slug":"binary-trading-epic-takedown-i-call-scam","status":"publish","type":"post","link":"https:\/\/frugalstudent.co.uk\/index.php\/2017\/01\/20\/binary-trading-epic-takedown-i-call-scam\/","title":{"rendered":"Binary trading scam: My epic takedown of binary trading"},"content":{"rendered":"

I hate binary trading – I even go as far as to call binary trading a scam<\/strong><\/p>\n

Now you may be thinking ‘binary trading scam?’ isn’t that going a bit far?<\/p>\n

Well the dictionary definition of scam is;<\/p>\n

‘A dishonest scheme’<\/p>\n

And, I certainly feel that Binary trading is presented in a very dishonest way.<\/p>\n

Just look at these messages that \u00a0pop up in my Twitter and Facebook inbox<\/p>\n

\"\"<\/p>\n

<\/p>\n

Dishonest!<\/p>\n

In this article I’m going to explain to you what binary trading is, why it’s a fool’s game and how dividend investing (the investing I advocate) is different.<\/p>\n

<\/p>\n

Binary trading does one of two things;<\/strong><\/p>\n

Give genuine stock market investors a bad name and make people think that
\n‘Investing is just like gambling’<\/em><\/p>\n

OR<\/p>\n

Lose people a ton of money through fake ‘fool proof methods’ and ‘millionaire strategies’<\/p>\n

So, what is Binary Trading?<\/strong><\/p>\n

Binary trading is (in my opinion) a form of gambling where you bet whether a stock\/commodity\/currency will go up or down in the next ‘x’ number of seconds.<\/p>\n

Instead of making a really long winded takedown based on theory alone I decided to show you a binary trading platform and how it all works in this video;<\/p>\n