OPTIONS: CLOSEOPTION, POCKETOPTION AND DIGITALTRADEFX
…are Binary Options platforms, and I’ve already recommended use
of CloseOption for U.S. and other nationals.
First of all, yeah, there are lots of scammers; but my investigation
so far shows CloseOption is both legit, honest and KYC U.S. friendly.
Right now I’m looking at PocketOption which is also KYC U.S. friendly
and also offers MT5 on Forex and other things. DigitalTradeFX
and PocketOption are closely related, possibly the same owners.
An absolutely valuable and powerful tool for Forex traders, is access
to a good Binary Option facility. CloseOption is one such choice, which
can be used for easy Risk Management over Forex pairs. In other words,
instead of trading the Forex Currency Pair, trade a Binary Option, if that
specific Pair is available. The “option” aspect of things is that both the
LOSS and the WIN amounts are known in advance and cannot exceed
the amount wagered.
I like to use Binaries on News Events, due to the volatile nature of some such
events. On others, I’ll use straight Forex if I have a good strong signal.
For PocketOption, it seems there are ONLY 2 minute contracts available.
On the other hand, CloseOption offers a wide range from 30 seconds (insane)
to a Month or so for durations, which is a very flexible structure. Longer CALL/PUT
contract durations should be taken, obviously, when payout percentages
are highest during the daily variable cycle.
Also, I am looking (in vain?) for an API to automate these Binaries. CloseOption
offers nothing; PocketOption has peeps on YouTube claiming to have
automated access, but I think these are hackers. I’m asking them whether
they do have an API available… The only API I know of is available for
Binary dot com which is NOT available to U.S. persons
Taking insane approaches like hacking into such a Web App certainly
violates Terms of Service, and so it is not a legal/practical way to try and automate
most complex Trading Web App platforms, so… probably not gonna try.