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Forum Is trading classified as gambling? Reply To: Is trading classified as gambling?

Jon Cun

LEVEL 1 : NEWBIE

REVIEWS 6 | REPLIES 2

#1858

pipmaster

September 3, 2015 at 5:46 am

Binary options are not considered as gambling by governments. As such, any successful trading is considered as earnings and not winnings therefore any money that is earned is usually taxable. One of the main reasons it is considered as earnings rather than winnings, is because of the skill involved in trading. You could, if you wish, ‘bet’ on binary options blind and guess the outcome. That’s your choice. Buts there are plenty of financial tools available to help a trader make informed decisions so they can minimize the risks. It’s up to you to do to the research and choose whether to gamble or to lower your risks and make informed trades.

Regards,
pipmaster