Financial Experts Say Use Caution With Binary Trading | NBC 5 Dallas-Fort Worth
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Financial Experts Say Use Caution With Binary Trading

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    NEWSLETTERS

    NBC 5 Responds talked to a financial expert about binary trading and how it compares as a form of investment.

    (Published Thursday, May 18, 2017)

    You don't have to follow the stock market to know stock prices go up and down.

    Stock for Apple, for example, could be worth $150 one minute and $140 soon after.

    Binary trading allows you to guess or bet on what the stock will do.

    If you're right, you get a payout. If you're wrong, you don't.

    Some call it investing, but Dallas financial advisor Ryan Fuchs wouldn't recommend it. Some experts say avoid it at all costs, but that some sites are legit, just risky.

    NBC 5 Responds has gotten numerous call from North Texans saying they've lost a small fortune.

    Experts say before you try it out know it's risky and not all sites are on the up and up.


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