2007-03-04 07:54:56 · 4 answers · asked by gf2006 1 in Business & Finance ➔ Personal Finance
For an individual, generally no. If the profits were taxed as trading income then yes, it would be earned income.
2007-03-04 08:15:45 · answer #1 · answered by skip 6 · 0⤊ 0⤋
Binary options let users trade in currency pairs and stocks for various predetermined time-periods, minimal of which is 30 seconds. Executing trades is straightforward. The system uses user-friendly interfaces, which even an 8 years old kid, can operate without having to read any instructions. But winning trades is Not easy.
Binary trading is advertised as the only genuine system that lets users earn preposterous amounts of money in ridiculously short period of time. Advertisers try to implicate as if you can make $350 every 60 seconds; if it was true then binary trading would truly be an astonishing business.
However, does it make any sense? Can every trader make tons of money in binary trading? Who is actually paying all the money or the profit to traders?
The first challenge is finding a trustworthy binary broker; secondly, you need to find a binary trading strategy, which you can use to make profits consistently. Without an effective trading strategy, there is no way you can make money in this business.
Learning a profitable trading strategy is possible, You should watch this presentation video https://tr.im/d0306
It's probably the best way to learn how to win with binary option
2015-01-24 10:20:28 · answer #2 · answered by Anonymous · 0⤊ 0⤋