Binary options are a bit like Newton’s third law of motion. The concept is the same: every action has an equal and opposite reaction. The theorem sounds easy to the ears; but between the ears, it gets tough.
The same is the case with binary options. It looks an easy way to gain money. All you need to do is to predict how a stock or commodity is going to behave at a particular time frame and back your prediction with a deposit. You get almost double the amount you invest. That is, when the prediction is right. If it is not, you can say goodbye to your deposit.
The fact is that you have almost equal chances of winning and losing. In other words, you can have one of the two equal and opposite results: either you gain money or you lose money. There is no in-between thing.
What is it really, other than the old Physics stuff?
The jury is still out regarding the exact nature of binary options. You can call it an investment. Or you can call it a form of betting, or gambling. For convenience’s sake, we can term it a marriage between investment and gambling. It is an investment in physical appearance, but gambling at heart.
You know what a binary is, don’t you? 0 and 1, for example. The word is derived from Latin, where “binaries” means “consisting of two”. In binary options, you put your money for a particular eventuality on financial markets – especially stock market, bullion market or Forex – at a certain point of time. If that eventuality realises, you get almost double the investment amount back. If it does not happen, you lose almost the entire amount.
For example, you wager 100 Euros on the eventuality that the price of a gram of gold exceeding 40 Euros at the closure of a day’s market, say at 6 pm. If the gold price goes higher than 40 Euros per gram at 6 PM, you will get back about 180 Euros. If it does not, you get only 15 Euros. If the gold price stays at 40 Euros, you will get back your 100 Euros. It is kind of a winter-takes-all investment. If you win, you will be richer; if you lose, you will be poorer.
Unlike the other forms of investments, you don’t really own anything – like stocks or deposits. In that sense, it is like betting. You are wagering on a particular result. But unlike betting, there are no odds or bookmakers.
Who invented binary options?
Well, the story goes like this. Some modern-day Isaac Newton in the financial world was sleeping by resting his head on the keyboard during a lunch break. The stock price of Apple fell on his head. He woke up startled, and a sudden thought flashed on his brain. How can I make money on the fluctuations of stock and asset markets? And thus, folks, the concept of binary options was born!
Jokes aside, there is no finite proof of its origin. It has been becoming increasingly popular during the last decade or so. It first gained traction on the US financial scene and gradually spread to Europe and beyond. At present, it attracts a considerable number of people and funds from across the globe. The financial firms that offer binary options have proliferated on the Internet.
Is it really a good business?
It is a fair investment, in the sense that there are no hidden dangers. The danger is clear and well publicised. If your prediction is not correct, you will lose a substantial amount of money. The risk is high; the reward too is high. It is up to the individuals to figure out whether binary options are their kind of thing or not.
The binary options business is largely unregulated. Cyprus is the only European country that has provided license for a binary options broker. Malta may join the list soon. You get what that means, right? A majority of the binary options brokers you see on the internet are neither licensed nor regulated.
It has been a business built on mutual trust between brokers and clients. It is literally a billion dollar business these days, attracting an increasing number of transactions and clients every day.
One of the outstanding binary options provider is Banc de Binary.
Banc De Binary has become the home of the 21st century investor. The company was founded in 2008 during the wake of the financial crisis, and has set out to provide the simplest and most profitable trading solutions for their customers.
Today, via their online binary options platform, Banc De Binary provides access to the financial markets for +250,000 account holders in over 80 countries worldwide. It has become an industry leader and is a multi award-winning firm, this is why they are pleased to guarantee a safe and risk-controlled environment for all of their valued clients.
How to begin
You need to get an account with a broker. There are many on the internet. Submit basic personal details, provide an ID proof and transfer an amount from a credit card – that is all, you have an account ready. The brokers offer wagers on a wide range of eventualities in stock markets, asset markets and foreign exchange.
Basically, there are three kinds of binary options:
Short term: the eventuality on which you place your money happens on that day itself, within minutes or hours. You do not have to wait for long to understand whether you lose money or gain money. The financial markets fluctuate wildly for no apparent reason within a short time span. Beginners are advised to tread with caution on short-term binary options.
Medium term: The eventuality happens within hours or days. Maximum, you will have to wait for a couple of days to find out the fate of your money.
Long term: The deadline extends to days or weeks. You will not find too many options in the current scenario that go beyond a week’s time.
Terms and conditions
The terms and conditions vary from broker to broker. Some brokers allow you to take a profit of 90% of your deposit amount if you win, but they do not give back anything if you lose. Some others allow you to take 80% of the amount, but they take 90% if you lose.
Have you spotted a difference of 5-10% between the amount you take if you win and the amount they take if you lose? Well, that is just to keep the winning odds on their side. On a long run, if you want to become profitable through binary options, you will have to win more than 55% of the options. If it is 50-50, you will suffer losses.
Binary options in East Europe
Eastern Europeans, who are historically conditioned to political binary options of monarchy and communism, are slowly getting accustomed to the new age financial tools. Many binary options brokers accept deposits from Eastern European countries. Some of them are based at East Europe too. Both the number of brokers and the number of customers have been on the rise in these parts.
Is it really a good opportunity for Eastern European investors?
Well, it is a good one if you play it safe. There is no way you can win on all occasions. The trick is to minimise the losses. If you have a decent awareness of the financial market scene, start putting money on long-term binary options at the beginning, and follow your brain rather than heart, there is a good chance that you make profit from this investment.
Good luck. But do remember Newton’s third law of motion while putting money on binary options: every action has an equal and opposite reaction.
Casino Technology announces Valentina Dobre as new Regional Director for Romania
Gaming equipment manufacturer Casino Technology has announced a new appointment for Romania to further strengthen the company’s management.
Following its steady plan for continuous market growth, the company named Valentina Dobre as Regional Director for Romania as of 1st of August 2017.
The company claims with Mrs Dobre’s profound expertise, professional background and in-depth knowledge of the gaming industry in the country, she became part of Casino Technology team, ready to implement the overall corporate strategy.
Valentina Dobre commented: “I am honored to accept this position and be part of the high level management team of Casino Technology. I will pursue actively further company positioning and growth on the Romanian market. Casino Technology has been on the country’s market for over 10 years and proved to be leader, having maintained trusted partnerships with local operators and customers.”
Casino Technology stated that Mrs Dobre’s background as Member of the Board of Directors at Romslot Association, Bucharest will additionally increase the Casino Technology market share.
“Valentina Dobre is an important appointment as she brings extensive knowledge of the market, that will help us boost even more our presence in Romania. She will have a crucial role in our further expansion, launching successfully our new line products on the market”, concluded Milo Borissov, Founder, President and CEO of Casino Technology.
Two major announcements from BEGE Expo and EEGS: Mark your calendars
The Balkan Entertainment & Gaming Expo (BEGE Expo) and the Eastern European Gaming Summit (EEGS) celebrate their 10th anniversary this year. Due to the big interest for both events the organizers made two major announcements – BEGE will outspread in one more hall and EEGS will start one day earlier than the announced date.
Over 50 leading companies from the industry have already confirmed their presence for BEGE Expo 2017. Well-known leading manufacturers, amongst them being Novomatic, Casino Technology, EGT, Suzohapp, BetConstruct, Interblock, Merkur Gaming, APEX, Alfastreet Trade, Nsoft, JPL and CPI, as well as new participants, such as the leading sports betting company Bet3000 (IBA-Entertainment Ltd.), EXEFEED, Quixant, Zitro, Change Italia s.r.l., Gamebridge Casino Equipment, JCM Europe GmbH, nano Vo sp. Z o.o., Berkotech Kft. and others will exhibit their latest solutions at this year’s BEGE. The great interest for the event forced the opening of new hall, thus making the 10th edition of BEGE Expo the biggest so far.
The registration is already open so you wouldn’t want to miss the chance to register.
Another newness that BEGE Expo 2017 will present is the special Affiliate zone. Following the expansion of the online business in the region, this year the exhibiton will create space for online operators and affiliates from the region to interact and create business partnerships. Affiliate program providers will be able to book their own space in the zone and all affiliates will be admitted for free.
EEGS also promises to reach new heights this year. Reschedule your calendars, because EEGS 2017 will start on 20th of November – one day earlier than intended. This year’s EEGS will continue to follow its main aim – to present the most recent updates from the region, including the countries Serbia, Romania, Greece, Bulgaria, Albania, Slovenia, Montenegro, F.Y.R of Macedonia, the Czech Republic, Slovakia, Poland, Turkey and Croatia.
Separate sessions will be dedicated to Sport Challenges, Impact on gaming operators by Anti-Money Laundering Act, GDPR and online gaming. Day 3 will be focused on Tourism & Gaming, Responsible Gaming Academy and marketing topics.
BEGE Expo and EEGS have gradually established as a center for the gaming and entertainment industry in Eastern Europe and for 10th year in a row will be the place where professionals from the field come in order to expand their business, exchange knowledge and promote new products. For any updates you may follow the official websites of the events: eegamingsummit.com and balkangamingexpo.com
Habanero signs an outstanding deal with BBIN
Under the agreement, the supplier will give the software company access to its complete product portfolio of HTML5 games for all of its white label sites.
Recent releases from Habanero, including Fire Rooster, Bird of Thunder, and Panda Panda, have also been made available to the aggregator.
Daniel Long, Head of Sales at Habanero, said the deal was a game-changer for the supplier and one of the company’s most important to date.
He added: “By partnering with BBIN, we have significantly expanded our presence around the world, which means even more players will be able to enjoy our games.
“Many of them will be a natural fit with BBIN’s customers, but it is the diversity and variety of content that will appeal the most.”
Habanero operates a stable of 75 video slots titles, 9 table games, and 50 video poker titles, which are integrated into over 45 operators and aggregators and available in 21 European and Asian languages.
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