I read a tweet earlier tonight about people who visit dating sites and meet someone who convinces them to start trading "binary options." Financial disaster inevitably follows negative net present value gambling wagers. https://www.sec.gov/investor/alerts/ia_binary.pdf …
Here's the link to the options promoters: https://www.afr.com/companies/financial-services/dating-apps-used-to-seduce-gullible-investors-20190825-p52khj …. Brokers are spending more than $280 million a year on introducers"
"The basic premise is at a specific time, say 1:25 p.m., you can put down perhaps $100 that XYZ stock will either increase or decrease in price within five minutes—by 1:30 p.m. If you are wrong, you get $15 back. If you are right, you win about $70." https://www.forbes.com/sites/investor/2010/07/27/dont-gamble-on-binary-options/#74c43b6330a8 …
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