House always wins?

[tonechild]

Hello, newbie trader here! I just started trading a couple weeks ago, and wish I found this site beforehand (would have saved me a lot of headache!) - anyhow, I've read in a few forum threads that "house always wins" - but if that is true, then how can anyone make money with Binary Options?

IF it is TRUE that odds are always 50/50 no matter what (like flipping a coin) and you only get paid even 90%, then yes, you will lose all your money. But if the odds are always 50/50 then nobody should trade Binaries. So I'm just having some cognitive dissonance.

I recently shared my enthusiasm about Binary Options with some family members, and one of them was really adamant at telling me that it is nothing but gambling and I'll lose all my money because it is no different than flipping a coin, you either heads or tails.

I argued saying that the markets move in certain directions and because predictions can be made the odds are not always 50/50, but sometimes 80/20 in certain conditions. But I'm just trying to settle this once and for all.

If it is true that it is nothing but 50/50, and it is true that the house always wins, then I can't comprehend how at all this could be considered different than gambling, it would just simply be complete random chance and therefor a waste of my time and money.

I personally don't think it is, but I wanted to ask you all what you think about this. Because if you can gain 5-10% profit over the long term for years on binary options alone, then it is completely untrue that the house always wins. But if it FIXED odds, and the odds are against you, then ONLY then, is it true that the house always wins. So please help me here!! And if it is not true then please stop saying it! If it is true, then well, why do you do it?

[Okane]

House always winning does not necessary mean that everybody else loses.
It simply means that the house wins no matter you lose or not.

[tonechild]

House always winning does not necessary mean that everybody else loses.
It simply means that the house wins no matter you lose or not.

Point taken, I've never looked at it that way.

[willyw]

House always winning does not necessary mean that everybody else loses.
It simply means that the house wins no matter you lose or not.

Hi tonechild, just like Okane says: "the house wins no matter you lose or not"
What is a broker? A broker will earn from the winners and losers as well. If you trade smart, analyze well, plan your trading strategy well and manage your risk well then you can win.

[Martin Kay]

Hi There,
Take your time going through those threads:
https://forums.thatsucks.com/threads...late-newcomers
https://forums.thatsucks.com/threads...-noob-question
https://forums.thatsucks.com/threads...rading-against

You're welcome to join those discussions(:

[Optionguy]

House does not always win even in Casinos. Certain card games, particularly Black Jack can be played with advantage against the house in the long run. That is also true with Binary Options. You need to spot tendencies in the market and how to take advantage of them and you will beat the house too.

[hchandra]

Well house wins most of the time, and lose sometime.
If you read reminiscence of stock operator, you will found bucket shop brokers banned Jesse when they know it was him.
But good news, traders who pay the price to learn first will become profitable and take it from traders who is lazy to learn.