Trading binary options is done by a number of rookies but can they really make money from the start?  The simple answer is what you all want to hear – of course they can!  However, binary trading is not as simple as putting a quick hot streak together or using the latest system.  There are few quick wins in life and the trading game is no different.

It takes hard work, dedication and a commitment to learning to become successful in this game.  Learning is not reading a couple of articles or summaries either.  It requires learning from your wins and losses just the same.  Rookies should be learning from all of their trades at the beginning.  No exceptions.

If you go into trading binary options unprepared you may well end up eaten alive.  This is a common mistake often made by newbies on the circuit.  Whether you’re taking too big of a position on one trade, taking a bad loss or staying too small for a few trades are all mistakes and missed opportunities.

Compared to most other investment types, binary options are a relatively new retail investment vehicle; and as with most new things, there are several questions revolving around the concept. One of the most pressing questions is, “Is binary options a scam or an investment opportunity with real potential?”.

Today, we’ll discuss what binary options trading is and how it works. We’ll also take a look at why some consider it a scam and whether or not it really has any potential to be a profitable investment vehicle. So, let’s get right to it, the truth about binary options trading.

First thing first. I never did a binary options trading. Partly because it’s risky to my appetite and partly because I am not much confident to start without researching to my satisfaction. This is a result of the research I carried out so far.