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These bad actors have exploited the simplicity of binary options to mislead and defraud unsuspecting traders.
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Expiry Time: The length of the trade — it could be as short as 60 seconds or as long as several hours or days.
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 read more a profit or limit losses—use this feature wisely.
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No, binary options themselves are not a scam—they are a legitimate form of financial trading. However, the industry has gained a poor reputation due to the presence of unregulated brokers, fraudulent platforms, and deceptive marketing practices.
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With expiration times starting from as little as 60 seconds, traders can see fast outcomes and take advantage of short-term market movements.
South Africa’s regulatory body for non-banking financial services. It oversees binary options brokers serving the African market, promoting fair practices.
While both binary options and traditional options enable traders to speculate website on asset price movements, they differ greatly in structure, risk, and strategy. Understanding these differences is crucial for choosing the right trading approach.
Traders always know their potential profit and loss before entering a trade, making risk more info management easier and more transparent.