Some people are of the opinion that Binary Option Trading is similar to gambling. But the answer to this question is not so simple. It depends on the approach of the trader. Some people start trading with binary options with any kind of primary research and depend entirely on luck. This is gambling. While on the other hand, there are some traders who try everything to minimise their risk by carefully observing the market pattern and then investing in a trade. This is business. So, one should must abstain from addictive gambling behaviour so as to minimise the risk of losing his money. This can be identified from the following behaviours:
Trying to “win it all back.”
Pulling money away from other obligations.
Investing arbitrary amounts of money on trades without setting any rules for yourself.
Breaking your own trading rules.
Avoiding talking to family members or accountability partners about trading.