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RE: What are your thoughts on Binary options?

in #money7 years ago

No no no no no no no no no no no no no no

I can't say no enough times - this is just gambling

The key to investing is to work out where you have an advantage and then use it. As a student with no knowledge of finance, your advantage is that you have time on your side and you can leverage the power of compounding.

Forget the quick win and invest in the highest quality companies in the world. Then forget about them other than after payday when you invest some more.

When you have a healthy amount - you can decide what is healthy - then by all means look at other options, e.g. Crypto or selling options (I wrote a few posts about this on my blog)

But seriously, avoid the get rich quick schemes - unless you are incredibly lucky, you will just lose all your money

Cheers

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Thanks for the comment. I'll look up yout blog :)