basically i have been looking at binary options and 60 second trading. I have worked out a system that seems to work nearly all of the time. I downloaded a trading platform that comes with a demo account so you can try it out without investing real money (its a simulation) tonight from that i made £400 without investing more than £112. obiously simulation as i said not real. I have done this for about 3 nights consecutively so i dont think it can be a fluke. I turn 18 next week so i can buy stocks is it worth investing real money into binary trading? im not sure what i should do any advice thanks :D and at 18 years old £400 a day is pretty decent i know you stock brokers obviously make more than that.

Answer
Binary options are a scam. The odds are so stacked against you that you cannot possibly win long term.

It is just unregulated gambling at terrible odds. Here's how the math works for 70% payout.

Win: 70%
Lose: 100%
Expected value of each trade: (70 - 100 ) / 2 = -15%

You would have to predict over 60% just to break even.

A legit options broker would be registered on appropriate government sites. None of the widely promoted sites are regulated. Many are in obscure countries with no customer protection, with at least 2 widely advertised firms in Cyprus.

US: Check CFTC and SEC sites
UK: See FCA site (No longer FSA)

The CFTC link below about investing risks applies to both forex and binary options.

One widely advertised binary options site (Banc de Binary) was just charged with securities violations by the SEC. 2nd link below.

Is Forex and binary option trading universally HYIP and scam?

Answer
You have that correct. Forex at best is a zero sum game and binary options are definitely a loosing proposition. They are not as bad as HYIP which are truly scams based on lies only, but none-the-less the typical investor will lose a substantial amount of his capital over time. Been there, done that.