Win: 70%
Lose: 100%
Expected return each trade = .5 * 70 - .5 * 100 = -15%
In simple words: BINARY OPTIONS ARE PURE SCAM! Please don't bother to understand what they are and their pros and cons because they don't have pro's and you don't want your hard earned money to go down the drain. My uncle got some guidance from an instruction tutorial on the web which he found at http://amzn.to/1ynhZSe, but even then he lost it. So stay away from this,.
Please explain binary options to me in simple terms and tell me the pros and cons. For everyday people, is it worth the risk? I don't believe anyone can get rich overnight but is it possible to make money doing this?
