Hallo there! My name is Cedric.
I came across binary options some time ago and got really interested. I spoke to one of my friends the other day. He does investments for a few firms on a daily basis. I asked him if he has ever heard about binary options trading before. He told me yes but as far as he knows it is not trading and you are only gambling like you do in blackjack. I am not sure what to think of this statement because I have seen some people making good money trading binary options on the internet. I am starting to wonder if all of these account statements are fake.
So my question that I want to ask you guys are: Is trading binary options classified as gambling?
Thank you
DaringCedric