while surfing the net, i get some pop-ups directing me to the article of persons who claim to have made really big and quick by just predicting the rise and fall of some binary digits (They call it trading). This is the link to the website for predictions -
https://olymptrade.com/platform. If you are into it, my question for you is "does it really pay?" also tell me what you think of it.
Olymp Trade is a binary options broker. This means you need to predict whether the price will either go up or go down from the entry price at the expiry time. If your prediction is correct you will get the wagered amount plus the the profit amount. eg: If the payout percentage for a particular asset is 90% and you bet $100, if the prediction is correct you will get $190 in total after the expiry. If your prediction is wrong you will loose the wagered amount. (In my previous example you bet $100, therefore you loose entire $100)
The biggest issue in the binary options industry is broker fraud. Traders are accusing the brokers that they do price feed manipulations, delaying your trade to give you a bad entry price, delaying or not giving your withdrawals when you are in profit, banning your trading account without a proper reason, account managers try to let you trade more and more to let you loose etc.
ForexPeaceArmy.com is a popular and unbiased Forex and Binary options broker review website that allows traders to review about the brokers. If you want to check trader reviews about Olymp Trade or any other binary options broker I suggest you to read the reviews there.