Hey guys, just to let you know that Binary Options is a gold-digger for me at the moment. I’m really enjoy it. Unlike forex, where I have too much psychological effect in the trade, with Binary Options, while the trade triggered, I’m set, I won’t be able to move SL, alter the trade etc… Those things really harm my forex performance, therefore I decide to go to Binary Options, which’s great so far
If you don’t believe, see the screenshot from one of my account
Before trading Binary Options, there’s a lot of offshore unregulated binary options brokers, so consider carefully which broker to use. Read this carefully Binary Options brokers review
thanks for your source because i am also same like you not ready to give earnings to other like working, i just read 1st page only it seems very help full.
I am a forex trader and did not try my luck in Binary Options so far. But after reading your story, I am planning to invest in Binary Options. I hope, I will make some desirable profit here.
Checked your links, downloaded and I think I’ll give it a read tomorrow. Thank you for the information, I may give it a try, but I will keep trading forex, which I cut my teeth on.
Interesting that the post looks like an advert. Please people read a lot about binary options before jumping in. I looked at it for a week before deciding Forex is a far more sensible option. Binary Option trading does not have much of a reputation and there have been many disaster stories. Also do a search on “Banc De Binary Scam” and read what Forexpeacearmy says about them.
Yes, I pulled out all my money from Banc De Binary, since I’m winning, they’ve increased the spread… they will give you a fight when you clear account but eventually I’m able to withdraw all.
I switch all to 24Option, they have always served me well and the fact is they are regulated. Read 24Option review
Binary Options are for people who do not know how to trade, and therefore are offered fixed odds from their bookmaker. Binary options are rigged from the ground up so that the odd’s are not in your favour, just like that of a casino. For example, if you have a true 50/50 possibility of winning a trade, the binary option will pay you out less than those odds. Take a look at the screen shot at the top of this thread, the pay out for a $2.00 bet had a payout of $3.82, that’s less than double your money on a 50/50 bet when the payout should have been $4.00.
If you would have taken the time to learn to place a spot.fx / margined fx trade whereby gains and losses are measured by each pip then you could have turned the odd’s of your payout wayyyy into your favour while risking the exact same amount.
Also, and most importantly, don’t forget this. Binary Options, and also Spread Betting is ran by bookmakers, these are NOT brokers, NON of these trades that you think you are placing affect the market in any way, they are simply bets that the bookmaker takes. Also, bookmakers do not have to follow real market moving price data. If you look at the real market price for GBP/USD and then to your binary option bookmaker there can be changes, and this is fine. This is why Binary Options and Spread Betting sites have the term “Data is Indicative” - this means they can change price if they want to, and are well within their own terms of doing so.
Nothing wrong with taking 1:1.9 Risk to reward on a true 1:2 trade. If a trader (not attacking you) knew more then they would make the odds in their favour.
Talking about odds, if taking the risk to reward as 1:2 trade, why don’t you count that out of 3 trades, your odds to make a winner is just 1?
There’s people who make it with Binary Options because it’s more defined than fx. People lost in fx because of their mind, so we try to eliminate that elements as much as possible.
well now your combining the payout odds of a single trade with the overall profitability of your entire trading method. When considering risk you only ever look at the single trade in question. You cant look at three trades and somehow put together a representation of a risk ‘odd’.
I agree with you 100% that Binary Options are very much more defined than spot.FX, in fact they are totally fixed - hence why they are called fixed odd betting. You either win or lose. But my point still remains true that with the correct trading parameters you can either reduce your risk, increase your profits or even both when trading through a margined FX account.
You just have to know how to
For the weak minded folk then Binary Options are great, you place your bet and let it run. But for the more inquisitive folk who like to play about with tweaking RR ratios margined FX is the way to go.
Can someone elaborate that how much winning ratio is required in order to be neutral in Binary options.Looking at the payouts i believe that we should be 60% correct in our bets in order to be in profit?
From what I have seen, and I may be wrong, the payout varies on the type of bet that you would place. There are usually several different options to chose from. The most simplest being “will price be higher or lower than its current value in X amount of time”, and then:
Will price remain below a certain price untill X Time
Will price remain above a certain price untill X Time
Will price remain between a certain range untill X Time…
Im sure there are plenty more variations as each new bookmaker is different, but the odds will very much vary with each type of bet you place and its chosen parameters. Placing a bet which says you don’t think price will go any more than 1.0 pips above its current price for the next 24 hours will of course pay you out far more than even money, as the odds of that happening are very small.
Im sure Duyk20 is your man to ask, Im afraid i simply cant match a $21K profit in Binary Betting
I’m trading Forex too and I’m using the Harmonic Trading approach. Two months ago I started trading binary options and with by trading background + a very nice money management I found BO really profitable!
But don’t you think that if you had traded traditional Forex and had set your own rules in place so that they reflected the same type of structured limitations found in Binary Options you would have been able to make more money during the same period of time?
It is possible to win, I am sure but to me this is gambling not investing. Forex lets me make what I think are educated decisions and with diligence success is there for those who really strive for it. BO seems more like wow I mad 5k, whoops I lost 8k…ok what happened? Can’t tell…just like roulette. The people with the software can change the trend at a whim!!
When I was reading about it, all “systems” required an increase in stake after a losing bet. Good luck with that!
Duyk20 - I am glad you did well, but I don’t think many serious traders will follow your lead.
And as I said before, the “brokers” are especially untrustworthy!
