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 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd year uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Last updated: 3 Sep 2017
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.