In the old days this profession was considered especially unpopular because most of the society was directly or indirectly involved in agricultural or farm work. Muslims are not allowed to earn interest as a form of livelihood.

It is best to stick to trading with a licensed binary options broker that offers reasonable minimum deposit requirement, good educational resources and many trading tools. Binary options trading carries risks just like other forms of trading but you can minimize this risk by increasing your knowledge.

Hence, binary options can be viewed as speculative financial betting. As I have previously mentioned in my blog, since the owner of the position ( you ) are not able to negotiate the price, the broker starts to look more like a casino then anything else.

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This way the possible scams are prevented and the laundering money is less likely as well. The regulatory agencies in Europe, the United States as well as other areas where the binary options are legal, Pocket Option Review work extremely hard to create rules which all the companies need to follow. Through these regulatory steps, the existence of binary options trading services is ensured. These additional steps and security checks are signs that the broker is serious and trustworthy.

In most cases target price is already offered by a platform and trader just needs to choose from a list of possible options. Thus this type of binary option trading strategy suggests to carry out proper fundamental and technical analysis in order to correctly predict what price touch should be set, how far it should be set from the spot price and what expiration time is to be used in order to maximize profits.