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.