Is Trading Like Gambling

Binary Options is here to stay! It is much easier to understand and trade than the traditional trading platforms. Everyone is trying to get a piece of it at the moment.

1. Is Trading Like Gambling Money
2. Is Trading Like Gambling Stocks
3. Is Trading Considered Gambling
4. Is Trading Like Gambling Games

If you are new, let me try explaining binary options. They are contracts between a buyer and seller. The buyer looks through the many assets and chooses whether the asset will fall or rise in the immediate future. If he is correct he gets paid out the predetermined amount from the seller. If he is wrong he get nothing. Due to it being so simple to understand it has become very popular of late and investors love it!.

Understand where the market is going without any guesswork. Learn about binary options. Binary options provide traders a way to bet on the direction that various financial products will trade within a specified period of time. Explanation of binary options. Gambling (also known as betting) is the wagering of money or something of value (referred to as 'the stakes') on an event with an uncertain outcome, with the primary intent of winning money or material goods. Gambling thus requires three elements to be present: consideration (an amount wagered).

Back to the topic, is binary options gambling? You would think it is comparable to gambling especialy roulette since all traders need to do is try and anticipate whether the price is going up or down. Once the market or asset has closed he can either be paid as high as 80% or loose his investment. The best part is one does not need to pay any capital gains tax on winnings. Although this is starting to sound like gambling we also need to consider some facts.

People that trade binary options often call it their business. They research using various systems and tools as well as analyse just as you would in your traditional business. These traders therefore understand their market. This requires dedication and commitment. To these guys Binary is a calculated risk and is definitely not gambling.

To conclude, binary options would be considered gaming to guys that come in to try make a quick buck without the research. However it can never be gambling as needs to conduct research before he makes his choice on what to invest in. Of course there are risks but we are confident in saying Binary Options is not gambling.

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Presentation on theme: 'Gambling'— Presentation transcript:

Slide1

Gambling

What it is and some statistics about Nova ScotiaSlide2

Have you ever….

…played any games for Keepsies? (i.e. Trading cards, marbles, crazy bones)

…played these games for fun, but not money?

Dominoes

Monopoly

Trouble

Card games

Games of Skill (i.e. bowling, playing pool, shooting hoops)

Slide3

Have you ever played

any of these games for money?

Bingo

Dominoes

Dice

Lottery ticketsScratch ticketsGames of Skill (i.e. bowling, playing pool, shooting hoops)

Pull Tabs

Cards

Sporting events

Slot machines

Pro-Line or other sport lotteriesSlide4

Is Trading Like Gambling Money

If you said YES to any of the questions, you have gambled.Slide5

What is Gambling?

Gambling means risking something of value (like money, cell phone, iPad, Jordans, etc.) on an event where you don’t know the outcome.

There is a chance you could win but there is an equal, if not greater, chance that you will lose. Slide6

Who Gambles?

About 87% of Nova Scotians report gambling at least once a year.

Of those, 93% do so for fun and don’t have any problems.

On average, adults in Nova Scotia spend $609/year gambling.Slide7

Is Gambling a Problem?

According to the Canadian Problem Gambling Index (CPGI):

About 0.9% of the population (7000 Nova Scotians) have a problem gambling

Is Trading Like Gambling Stocks

Another 1.6% (about 12000 people) are considered at moderate risk to develop a gambling problem. Slide8

Is Trading Considered Gambling

Statistics only tell so much…

The problem with stats is that they only look at legally sanctioned activities.

Is Trading Like Gambling Games

There is no accountability for private gambling, like weekly poker games, a friendly wager on a hockey game, or who’ll win Best Picture at the Oscars this year.