Binary Options. Beware!

Abey55 · November 15, 2012, 7:36pm

tommmi88:

hi just comment on warriorforum about binary recoded

look guys, 1)if you do not have the money or you started with $250 and lost money following the binary coded or recoded don,t blame the broker.
2)if don,t expect to lose in binary option it aren,t going to happen,lose small win big trade consistently,
3)if you are doing
well with broker please continue to do so but don,t mind to show your account how much you are making I done it on skype showing my account.
4)I just trying to help
, I don,t care whether you sign up or not, I still make money as and when I like my dream is to trade five figure than I truthly make it that my standard
5)try to make money and take back what you invest in first than whatever money you make is free money.you do not worry people scam you I can,t speak for broker who care if they make money or not right
6)people are asking what I sell, I don,t but I subscribe to guy on top of the topic steve have you guys did, you should try and see if work but in video he can lost 5 days in august can you?anyway I thinking to provide my service in future if you guys want.just my thought .

I make make $30000 from binary option. wihdraw $8000 already.

Hey can u please tell me ur strategy that u use to do this?

Abey55 · November 15, 2012, 7:53pm

Hey protrader im a newbie here can u please inform me on ur winning strategy?

Anewr · November 16, 2012, 12:33am

Hello Abey55!
A couple of quick questions if you do not mind: (1) what broker have you decided on now and (2) which brokers did you use before that you were unhappy with. Just curious is all so I stay away from the bad ones.
Thanks!!

Abey55 · November 16, 2012, 1:14am

Anewr, I have never invested using binary options just yet i am still researching everything that i feel i need to know in order to minimize my risk. i am trying to learn the different strategies people are using to earn a profit (which is actually proving to be more difficult than i thought). However, i can say that the broker that seems to stand out as being the most honest and easy to use is 24options.com. If you have any knowledge about any strategy or system that will help me win more than i loose please let me know i would really appreciate it.

Anewr · November 16, 2012, 1:32am

Abey55, okay my bad. I thought you were already trading binaries.
And as far as brokers go, I I too have chosen 24option. I read through several reviews from several different sources and virtually all the reviews were positive. Though a word of warning, and this goes for any option broker from what I’ve read: do not take any deposit bonuses from any of these brokers. Too many strings attached. And as for strategies: I too have had trouble finding a good strategy. All the ones I can find base their strategy on what appears to be just pure gambling. But from what I’ve read the bed strategies are baed on chart formations of the underlying asset.
Anyway, I’ll keep updating this as I can on my experience. I too just discovers binaries like two or three weeks ago. Hope to begin trading real soon.
Happy trading!

hifromeddie · November 17, 2012, 4:07pm

I just posted about this subject in another thread.

Please see #17 on this page:

http://forums.babypips.com/newbie-island/41002-warning-about-binary-options-2.html#post421425

supersaiyan1111 · December 5, 2012, 1:33am

I’ve tried searching, but haven’t had a lot of luck, but is there a thread on binary option trading sites that offer demon accounts? If so can someone please point me to it. Thanks!

supersaiyan1111 · December 5, 2012, 1:34am

Sorry, I meant demo accounts.

fedegmail · December 5, 2012, 6:01am

Hello D. Paterson (I never remember your name ), have you ever tried IgMarkets for binary options? I have tried a demo account because I found a great strategy for binary options and I got a lot of money without prices or time manipulations.

awhite · December 5, 2012, 10:55am

Have to agree with Shr1k Trading in the financial markets offers both potential rewards and the risk of loss. Prudence is advised. Never Trade digital options with funds you cannot afford to risk.
Generating profits with binary options trading is not an easy task. Finding the right binary options broker is always the hardest part of the challenging quest to high profits. I was so lucky. After a long time searching and investigating, I found the best platform for me, easy access,and good speed . Real time and up to date prices for commodities, stocks and currencies. Great returns. As they say keep it simple keep it profitable.

Abey55 · December 6, 2012, 8:42am

Care to share the strategy???

fedegmail · December 6, 2012, 8:59am

I’m running the test, if the winning percentage remain so high I will sell the strategy on web at a price that will allow those who will buy it to recover money in a few weeks.
I think I’ll sell it in Italian and then in English, so you will be able to read Italian reviews and then decide if I am a cheater or not

Binaryoptionsprofits · December 12, 2012, 2:23pm

Why not do it in English first? You’ll have a much bigger market to sell to??!

fedegmail · December 12, 2012, 3:32pm

I’m Italian and I have to recruit people who know English and Italian. First Italian and Russian, then English

duyk20 · December 13, 2012, 7:48am

What is your strategy? If it’s evolved in Martingale, I would refrain after reading this post: Binary Options Martingale Strategy | Binary Options Broker Reviews

If you have it in English, I could glad to do review about your strategy

Arimont · December 13, 2012, 6:10pm

I am an Italian also, and I can translate it into English, Russian and Hebrew. contact me at arimont [at] gmail [.] com

GPB · December 17, 2012, 10:15pm

Thank you for information. I suppose impatience killed the cat rather than curiosity alone :5:

dpaterso:

This may appear to be a strange post coming from me (most of them of late are I guess) but I feel I need to make our community aware of the latest ‘fad’ (‘scam’???) in markets. I’m quite surprised that this has only been mentioned once on BabyPips as far as I can remember and if I remember correctly the poster never got any answers and I ‘stayed out of it’.

But this morning I just happened to ‘mosey on over’ to AskPips.com and answered a question about trading platforms (the only reason I answered was because, from her profile picture, the person asking the question, was ‘not too shabby’) and underneath her post I saw that somebody had suggested to her to go and look at Binary Options.

Now let me tell you from (demo) experience: if you think that trading (FOREX or anything else) is ‘gambling’ you ain’t seen NOTHIN’ yet. I found out about Binary Options last year when I was TRYING to set up a training school for our ‘less fortunate’ (it’s a long story) and at the time a lot of my ‘students’ discovered these Binary Options. Of COURSE: instead of wanting to learn to trade and when being told that they’d probably have to hold a trade for a few days to make a profit (maybe even a few weeks or even a few months) my training courses ‘never stood a chance’ because Binary Options offer huge gains on very short ‘timeframes’. What’s more: the amount of profit is known up front and so is the cost of the Binary Option (which really represents your loss if the Binary Option expires ‘out of the money’) which is fair enough. There’s nothing wrong with the CONCEPT and as a matter of fact: if you do a bit of research you’ll quickly find that they are legitimate trading vehicles and a method of limiting risk on ‘normal’ trades e.g. you may go long a certain instrument but ‘hedge’ the position using a Binary Option the idea being that if your ‘normal’ trade goes awry the Binary Option will expire ‘in the money’ and thus your loss will be reduced. Of course: if your ‘normal’ trade is profitable then you will lose the cost of the Binary Option thus reducing your profit (but as we know: a small profit is better than a HUGE loss). As a matter of fact: the CBOE of all places offers Binary Options!!! So far so good. But NOW ‘enter the Binary Options Brokers’ and the picture changes somewhat!!!

To prove a point (last year) I opened demo accounts with a lot of Binary Options Brokers. To be honest and if everything was run legitimately: a short-term trader (somebody who’s a ‘whiz’ at being profitable on short timeframes like the 15-minute timeframes) should be able to make a small fortune because really all you’re doing is predicting where price will close after a 15-minute period. So if you can read a ‘normal’ chart (all Binary Options charts are web based and are our equivalent of tick charts or possibly 1-minute charts) you should be able to make a ‘killing’. But HERE’S the problem!!! It didn’t matter WHAT Binary Option Broker I was demo trading with: if the Binary Option was supposed to expire at, say, 10h15, ‘on the dot’, for SOME reason or the other the Binary Option was kept open until, say, 10h16, and, OF COURSE, that last minute was JUST enough for your Binary Option to expire ‘out of the money’ ALMOST ALWAYS and THAT was on DEMO accounts so I can only imagine that the live accounts would be even worse!!! In other words: had the Binary Option closed at EXACTLY 10h15 (in the above example and as it should) it would have expired ‘in the money’ but by the broker ‘delaying’ the expiry time of the Binary Option the Binary Option would inevitably expire ‘out of the money’. This is our equivalent of ‘bucket shop brokers’ holding profitable positions open until they’ve turned to losing positions and only THEN closing them out. In each and every case I sent emails asking WHY at the time that the Binary Option was SUPPOSED to expire it would have expired ‘in the money’ (profitable) but it only expired 45 minutes later ‘out of the money’. To this day: I’ve never received ONE single reply from any of these brokers as to ‘why’. What’s more: in my ‘investigations’ at the time I found that there really are only one or two Binary Option Brokers (let’s call them ‘Retail Binary Options Brokers’) (well other than the ‘real’ Binary Options Brokers like those that are recommended by the CBOE). All of the others are merely our equivalent of Introducing Brokers or White Label Brokers (the software is re-branded) for these one or two ‘Retail Binary Options Brokers’. What concerns me even more is that of late: the ‘pop-up’ ads for Binary Options are ‘popping-up’ more and more.

So there’s my ‘take’ and my warning about these things. I’d be keen to know if anybody here trades Binary Options and if so how they’re doing. (And that’s not an invitation for the Binary Options Brokers to ‘create’ ‘members’ here and have these ‘members’ tell everyone how well they’re doing)!!!

Regards,

Dale.

supersaiyan1111 · December 24, 2012, 2:38am

Hope your strategy has a way around this - 'Understanding Binary Options: What Beginners Need to Know’

freddyfx · December 24, 2012, 8:08pm

Who has any experience with those robots they offer everywhere around the internet?

dwt1020 · January 1, 2013, 11:32am

Most don’t work … While most trading these days is program trading, these robots are not sophisticated enough to generate a profit. If you fully understand the trading algorithm then you could turn it off when conditions aren’t right and back on when they are once again right. But then if you understand that, then you can write your own…