Trading with binary options, is it possible to earn this way?
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  1. #1
    Join Date
    Sep 2014
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    Default Trading with binary options, is it possible to earn this way?

    I have read choose-forex.com/article/trade-strategies#.VBmpZvl_tKI and I am not sure is this legit or not?

  2. #2
    Join Date
    Aug 2014
    Location
    Singapore
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    Binary options is a losing game just like gambling. Drop the idea dude

  3. #3
    Join Date
    Jul 2012
    Location
    Auckland, New Zealand
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    2,258
    That really depends on the trader. I think most blow their accounts faster than in forex as the ad campaigns are much worse claiming no knowledge needed etc. Can you make money? Yes, it is possible but as always you need to know what you are doing. It has little to do with gambling unless you for those ultra-short expiry times.

  4. #4
    Join Date
    Apr 2013
    Location
    Canada
    Posts
    1,851
    Is it possible? Yes. But it also requires a trading strategy as the forex trading, otherwise you can call it gambling.

  5. #5
    Join Date
    Dec 2013
    Location
    Rhode Island, USA
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    479
    Quote Originally Posted by Glennmaru View Post
    Binary options is a losing game just like gambling. Drop the idea dude
    Quote Originally Posted by Rambo35 View Post
    Is it possible? Yes. But it also requires a trading strategy as the forex trading, otherwise you can call it gambling.
    All trading is gambling. From Merriam-Webster:

    : to play a game in which you can win or lose money or possessions

    : to risk losing (an amount of money) in a game or bet

    : to risk losing (something valuable or important) in order to do or achieve something

    Your strategy is irrelevant, as the movement of price is completely random. A coin toss is as equally valid a strategy as price action.

  6. #6
    Join Date
    Oct 2015
    Posts
    227
    Binary option trading payouts are known and the time frame is fixed, means whatever expiry time you choose your trade will be expired on the said time. You will have to predict either your underlying asset will go up in this time frame or down. Its pure trading and I guess it is easier than forex.

  7. #7
    Join Date
    May 2016
    Posts
    4
    trades that expire end of day will see you with a bigger win ratio .
    i think i place about 2 trades a month on binary using end of day which most win. any less time than that trade forex or spreadbet. Once i moved to cfd`s and spreadbetting i started making money intraday

  8. #8
    Join Date
    Oct 2015
    Posts
    227
    Not necessary, i also make some good amount while trading on 2 - 5 minutes expiry. But to some extent, i guess new traders should try longer time frames as trading on lower time frame without much experience can merely be a suicide.

  9. #9
    Join Date
    Mar 2015
    Posts
    2
    Would it be possible for you to share your trading strategies?

  10. #10
    Join Date
    Jan 2016
    Posts
    1
    Of course, as you can in other types of trading.

    But, i think that having forex knowledge and experience is a must, if you want to fully exploit binary options and be profitable on a consistent level.

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