Is Binary Options trading worth it or is it just a scam or essentially

Lets say you are incredibly gifted and win 7/10 times. The pay-out is 70% of the gamble. If you lose you lose all the money you put in.

If you had 1000 bucks total, putting in 100 each time, you'll lose 300, get 700x 1.7 is approximately 1200 back. That is only if you win 7 out of 10 times.

You will get burned.

how many threads about this shit do we need?
>>1652555

>>1652778
>payout in 60 seconds

lol, throwing your money into a furnace has a more predictable win rate than this. this is hardcore gambling, there is no "trading" going on and no descernible skill component. a 60 second trend is entirely unpredictable, you're just rolling dice on volatility.

this is even shittier than i thought it was

yeah it seemed too good to be true, I was playing poker the other day and had IQoptions binary options trading platform advertisement on my iphone, and had a look. Was wondering the same, but will not touch it. Fuck that shit.

>>1652778
It's gambling.

>>1652778
Statistically, more money is paid IN than is gathered and pulled OUT of these sites. Sounds familiar? Yes, it is essentially gambling.