How do binary options work to make money?
If I predict stock A to go up and I put in a call with £100, I make £182, a return of 82%. Vice versa for predicting a stock A to go down.
My question is what actually happens for money to be made because of a correct prediction?
Who loses when someone predicts correctly?
>>1515666
The bank. It's gambling. And the bank always wins.
>>1515692
What is "The Bank"?
the writer of the option will hold the inverse position by providing you with the rights on a put/call option desu
>>1515698
If you win, does the writer of the option lose?
>>1515694
Your "broker", so whatever site you are using.
You don't buy anything with "real" value, like the stock itself.
>>1515710
If Bernie Sanders & Co had their way, we'd be forced to buy this horse shit in the US too.