Is Binary Options Worth it?

[rkbrown83]

Hi

Is Binary Options Trading, such as IQ Option, Pocket Option, etc worth it? Can forex traders make money in binary options if they apply price action strategies?

Regards
R

[ExtrinsicViewpoint]

@rkbrown83

Can forex traders make money in binary options if they apply price action strategies?

It doesn’t actually matter because even if they could (which is pretty doubtful) they’d do much better, much more safely, trading without using binaries.

It’s pretty clearly explained in this little thread from last month -

Binary trading discussion Banned?

I’ve seen no suggestion that binary discussion is banned here, but either @Pipstradamus or @Penelopip would be the person to clarify that (I’ve tagged them for you, there, and my guess is that one of them will reply). Regarding your comment about “no posts for a year,” I think what happened is that in this forum, as in others, the members gradually wised up to the three irrefutable realities of the subject - Binaries are increasingly being made illegal in several countries for valid and good…

[Amy95]

@rkbrown83

Hi

Is Binary Options Trading, such as IQ Option, Pocket Option, etc worth it? Can forex traders make money in binary options if they apply price action strategies?

Regards
R

Personally, I’d avoid binaries, they’re pretty risky with limited upside. Regular Forex gives better control and odds.