While binary options trading is attractive as it sounds simple and there are often promises of high, quick and safe returns, the police warned that binary options are in fact speculative and risky. Many online platforms offering such trading are also fraudulent. How binary options work: the trader tries to predict whether the price of an underlying asset (such as shares, currencies and commodities) will be above or below a specified price at a specified point in time, which can range from a few minutes to a few months in the future.
Any instruments that are NOT play in regulated and transparent platform where we can see with our own eyes on other market players' action and reaction is the Story of the Duck! Do Bei Kambings get it?
I am 60+ yrs old uncle living in HDB heartland who has retired @ 60 on 30 Sep 2016.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 and now becoming full-time retail investor. So I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I have two sons and one daughter; two working adult children and the youngest son is currently in his 1st year SUTD.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2038
Last updated: 16 Oct 2016
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.