Binary Options: Business or Entertainment?

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Binary Options:  Business or Entertainment?

Have you been thinking about trading binary options, only to have someone you know tell you, “That’s just gambling.  Do that and you’ll lose money?”  If so, you may have started having doubts about trading, and you might be wondering whether you are doing the right thing by opening an account or not.  Binary options are somewhat unusual in this respect, since they exist at a juncture between business and entertainment.  They are not 100% one or the other; they are a little of both, and which one dominates depends more on the trader than the activity itself.  Ultimately, whether you are a gambler or not determines whether binary options is gambling or entertainment.

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Should You Trade Long Term Binary Options?

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Should You Trade Long Term Binary Options?

Prior to this year, I do not recall seeing any binary options brokers offering trades much longer than several days, and very few brokers even offering that.  Almost all brokers for binary options have made it their specialty to offer trades which take place within a single day.  Now, however, I am noticing a lot more brokers that allow traders to enter into positions for several days.  And some are even offering special “long-term binary options.”  Long-term binary options are the exact opposite of short-term binary options.  Whereas short-term options expire within a couple of minutes or less, long-term trades may expire weeks or even months in the future.  Should you trade these long-term options?  What are the benefits and drawbacks?

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