? well why shouldn’t he? after all, this is the binary options & futures section.
If the forum admin felt it was counter-productive to include binary options alongside the futures within this section of the forum then they wouldn’t have permitted it.
If people are stupid enough to recklessly commit funds to a broker without conducting the necessary due diligence or partake in something they haven’t researched adequately beforehand, then they deserve everything that’s coming to them. It’s exactly the same process when considering placing funds with any other type of retail broker.
There are strictly regulated firms offering this speculative alternative & also people who use it as part of a high risk diversified offering.
This is what an asset class is, by definition:[I] An asset class is a group of securities that exhibits similar characteristics, behaves similarly in the marketplace [I][B][U]and is subject to the same laws and regulations[/U][/B][/I]. The three main asset classes are equities, or stocks; fixed income, or bonds; and cash equivalents, or money market instruments.[/I]
When did Binary Options EVER have the same regulations as FX Spot, FX Futures, Stocks or Bonds???
And this is EXACTLY how scam brokers are getting away with what they are doing. Fact.
Edit: In the UK for example, Binary Option ‘brokers’ are regulated by the Gambling Commission, not the FCA as IS the case with true financial asset classes.
I don’t doubt that profits can be turned with such a product (after finding a legitimate provider)- should one know what they are doing in the realm of understanding if the market is simply going ‘up’ or ‘down’ over the expiration date of the binary option in question.
However, what I don’t understand is that [B][U]if[/U][/B] an individual has this level of knowledge and experience then why not trade Spot FX instead - where [B][U]you can[/U][/B] earn multiples of what is paid on Binary Options.
Here is someone actually being practical. Because at the end of the day is their regulation within the United States to trade BO? Yes. This info seems to escape them because they are here in the forum to tell everyone to stay away rather then seek a regulated broker for American traders.
At the end of the day within the United States only 2 brokers are registered to trade BO by the CFTC. I’m guessing that means nothing? Because I can easily find forex brokers that dont have any regulations in certain countries.
There is plenty of reasons why someone might not trade in forex then BO. If you can read candlesticks BO might be easier then spot forex. Because if you are trading hour time frame, you are just using your analysis to predict where the next candle will go or the next 2 candles. This involves me only using 2 to 3 time frames.
As you can see yes I promote BO, but through a regulated broker. Also from my youtube channel I dont offer any schools or sell signals. Most youtubers are trading through demo accounts claiming they are actually trading. All my videos were from a live account and they are just for me and whoever wants to see what im doing and understand. Its more of a Vlog that I can always look at and it makes me happy.
