I was interested like topic starter, and opened couple BO accounts. Just take simple calculations:
- You can't contoll your loses size, so every loss is very high compare to position size (maybe 50% dont remember exact)
- You can't contro time when position will close (this is most important), so positions often closed in losses, even if you play by trand.
- You must win in 60% of trades to keep account size and win in 70% trades to gain profit.
- Spikes and strange chart jumps are very often, looks like "normal" currency charts are modified to simulate "market activity".
This "binary options" are online game you can't win, just like "online casino" but in "finansial like" form.
I have started with binary options and am finding it tricky but I have been watching the realtime market with the bollinger bands and the MACD lines and I'm not earning a fortune but it is interesting. I knew nothing of any of the forex and am still learning but I think if you don't look into it it is just a gamble.