Binary options Huge profit potential

[TraderDT]

@candyman752

Could you advise how to setup SMA or where to get the download to set it up

Setting up SMA indicators are offered on most trading platforms. I use the TOS platform. It’s a superior platform for options trading & it’s free for account holders. If u aren’t trading off a platform (e.g… TOS, TradeKing, TradeStation, OptionsMonster, etc…) than u can go to Yahoo Finance or Stockcharts.com & set up those ‘free’ charts with SMA & other indicators of your choice. Fairly simple to do.

[gamsiyabonga]

Binary options tradig is all about doing you homework to find the best broker, check out this blogthe truth about binary options trading homework done.

[TraderDT]

We use NADEX which is the North American Derivatives Exchange. It is an online platform and so far they seem legit. The only rule is you can not withdraw your money for 14 days. I believe it is under the same regulations as the stock market or the Chicago Board of Exchange.

Hi. How has your experience been with Nadex recently? Are you still trading with them. I recently joined a European Binary Options broker because I wanted to trade binary options with stocks. I would prefer to do business with a regulated exchange here in the states. I would appreciate your response on your experiences trading binary options with Nadex.

[TraderDT]

Hey everyone,
Every time I have needed help with my forex trading you have come through. So now I will hit you with a new question. I am getting into trading binary options through the nadex and was curious if anyone had any experience or a system that i could use to get signals and trade. Thanks
Joe

Hi Jim:

Hi Joe;
indicators & rules are
1. always trade with the trend as seen on the 15 min chart.
2. buy or sell on the dips.
3. RSI set up : period 7 and levels are 78 to 22 apply to close.
4. MFI set up : period 9 and levels are 80 to 20
5. 50, 100, 200, and 350 moving avg which helps to show trend.
6. use 15, 5, and 1 min charts.
7. never take a trade with more than 22 min or less than 10 min. left in option.
8. note all support and res. levels.

Rules of engagement:
 If trend is going up wait till RSI is touching 20 level on 5 min. chart.
 Wait till you see RSI on 1 min. chart touch at least once ( better to touch twice)
 Look for RSI divergence on 1 min. chart. This is a lock.
 Look for MFI on a rise.

I have been in the forex market for 12 years and just started looking at binary options. After having been with 3 differant brokers I can tell you finding an honest broker is the hardest thing. It seems that when you start winning their rules will change. They advertise no spread but if you win alot they put a 35 pip spread or they freeze their platform till the price ends up in their favor.
I had a demo account starting with $500.00 and in three days went to $7500.00. I opened a live account with $100.00 and in two days went to $750.00. I tried to withdraw $150.00, to test the waters, & they wouldn’t let me even though they advertise “withdraw any amount up to your balance”. They then placed a 35 pip spread on any trade I try to place. Then another 15 pips on market price as soon as I place the trade. They advertise “no spread”. I’m still waiting for customer service to resolve this problem but, I somehow think my $100.00 investment is gone.
If you find an honest binary broker, please let me know.

Trade what you see;
Jim

I’m curious to find out have you found a ‘honest’ & reputable binary option broker since you last wrote this post? If you have, please share. I’m very interested in trading binary options on stocks. Unfortunately, Nadex (my preferred choice) doesn’t offer individual stocks. I will join them for forex, but I want to trade stocks using binary options, preferably from a U.S. based company, if such a company exists here in the states.

[TraderDT]

Hi Pipster,
The only broker I would suggest is “24 Options”. I use their platform to place the trades but I run MT4 at the same time so I know when to take a trade. I have set up a few indicators that I designed for Binary Option trading.
Go back and read “Rules of Engagement”. All the indicators are standard with special settings for trading options.
If you are that new to Forex, welcome. There is a lot to learn but it can be very rewarding just don’t fall for the hype that’s out there.
Any questions just ask. We are here to help each other.

Best regards
Jim

I understand that 24 Options no longer accepts U.S customers. If you are from the states, what BO Broker are you using now?

[Kikiam]

Hi jim,

I am a newbie in forex. I want to try your setup however, i am using a free chart from dailyfx and they have no “MFI” there. I’ve been reading you posts and i believe it will help me in my future experience in forex. I would want to open a good demo account since i’m having a bad experience on marketsworld demo acct. so here are my questions:

1. Do you have any substitute for the “MFI” (i’m using a power chart from dailyfx) please do correct me if they do have one.

2.what do you mean by levels 78 to 22 in RSI
3. I can’t set up the 50, 100, 200, and 350.

If you know any chart that offers these indicators for free please let me know. I have a lot to learn guys and willing to know all of your opinions about binary options.

Regards,
Kikiam

[Phillip477]

hi does anyone still trade this

[Kikiam]

hi does anyone still trade this

I do trade this one.

[Phillip477]

I do trade this one.

How’s it go for u my first day was good and then bang lol

[MistFX]

sorry, but binary options are like the casino for me! We are traders, not the fortunetellers. How should i know where the price end up in 30 min? By that time it might go up all the way and then fall back. So i’d say: keep trading the regular way, guys!

[ewingbros]

Binary Options are a great investment to add to your portfolio. Unlike what some of the members are saying here binary options are not a scam. The problem is with the broker you choose. Nice choice going with Nadex

[gordan21]

Have you used nadex? Maybe should give plays if that good?

[gordan21]

Would pay you for signals?

[tomholman]

What’s the general consensus, anyone buying into this?

[HyperScalper]

What’s the general consensus, anyone buying into this?

Yeah, man, Binary Options (on Forex, from a vetted broker) represent a very "efficient"
profit extraction model, as compared with straight Forex. But you can’t use “moving
averages” and those Analytics for success, it just isn’t good enough. I have custom
analytics to do the job, and also some automatic triggering is very useful to have.

Issue is most of these run in Browsers, the ROW (rest of the world) Binaries, as well
as the much more sophisticated NADEX binaries. From a practical perspective,
an API to these systems does not exist.

In the case of NADEX, they could make it easy to write an API, but they insist on FIX
or nothing… Their parent company IG openly offers a bunch of API’s but not NADEX.
Now, the development of a FIX interface is beyond the reach of most developers.

I will be doing this on NADEX eventually but, for now, I just don’t have the time.

So Binary Options are real !! What is not usually good enough are the Analytics to
support the trading. I actually saw some Idiot flipping a coin and trading…

HyperScalper

[JD4]

3 years, and this thread is still in the off-topic area, even though it appears it would be very on topic.