That’s exactly right, at least this is what I’ve been told by 24options and OptionFair. When you win they get the remaining percentage, if you lose, they don’t lose anything as it wasn’t their money in the first place.
Hello I am new to the world of forex. I saw a lot of online advertising on the binary option and view videos that say binary options are easy to earn money online as opposed to forex trading. maybe the problem comes from the broker you choose.
The advertising vids you watched could lie you. There is no easy-money, only smart person. I have seen some people showed their winning in binary trading. I think binary option grows up a lot recently because it’s simpler and trader can earn money from it.
binary option is a good alternative money making business, but its kind of hard to find the right tools/broker for it. well it only takes a bit of time to do some research and check for good feeds, like optiontrade.com i have not tried them but im optomistic about the new company since its powered by another company that is known such as hotforex. but still its our job as traders to take the required measures just in case. its a constant strugle with new brokers appearing other leaving a streak of scam and well only a few remain and prove worthy, just like forex
but i think they are reliable sometimes . There are some brokers that can really make money and they are honest .So , first choice the right one , then start playing .
Hey JohnCA,
There are many regulated binary option brokers. Many are regulated by Cysec. But there are even some regulated by FCA here in the UK. You just have to choose your broker careful. The brokers are more shady than forex brokers. But I wouldn’t consider BO gambling because you can make money consistently with discipline and money management along with a winning strategy.
Hi itxPipSnatcher,
I just wanted to let you know that JohnCA started this thread in 2011…
Which is a long time ago and things have changed since then (good or bad? ;))
Hi Lakoenza,
LOL…thanks for letting me know that! I only replied thinking it was recent because it came in my inbox yesterday from babypips.com’s daily message. It looked current. Thanks for that.
I agree, way too many newbies without any trading experience jump at the opportunity to make ‘piles of cash’, as advertised by clever brokers. If you don’t have any experience trading spot forex and you’re reading this then STAY AWAY FROM BINARY OPTIONS, they will eat you alive and spit you out broke and depressed. The only way to make money on binary options is to know how to trade and when to use the functions. There is a time and a place for everything.
For example, if you’re an experienced broker trading to news and you know that the price of a given asset reacted to news quite strongly but reached it’s limits (has touched main fibonnaci levels and all your indicators are pointing at the opposite) and is now going into a temporary reversal you might be tempted to enter a binary trade and try to cash in on a small price movement.
You are right sir, just move away from binary option. No one will guarantee your money invested there. I recommend you to invest in PAMM of trade by your self in forex world. You can trade in Liteforex,Mayzus,fxproo, or oanda…
In Europe many of these broking houses are only regulated by their respective gaming authorities ie gambling- ie gambling. The structure of these synthetics is opaque and often rely on one main liquidity provider. Investors often assume that these products track the underlying assets to an exact degree, which of course they do not. More often than not platforms are limited in terms of quality regarding charting information, and in periods of high volatility operational efficiency suffers, again due to the limitation of having a restricted liquidity counterparty. Above all else attaining 75-85% return for a winning trade is the same as placing a bet on a horse and getting a return less than evens it means you have to win consistently a lot more than you lose- buyer beware
Do you trade in firstbinaryoption.com??
How about this broker, I’ve read its background that its big companies and really wealthy brokerage.
Hi there,
You should have the Genuine Strategy or System with you then only you will earn money consistently through Binary Options trading. I really felt bad for some of you guys compared this with betting on horses etc.
There are many technical studies are involved for choosing the right trade at the right time so there is no any instance of betting here.
I am here enclosing a couple of recent Screenshots of the winning trades sent by my clients so you will get the clarity upon the possibilities of consistent earnings if you have a right strategy with you.
Best regards,
Casper.
My Winning Strategy.pdf (29.1 KB)
Casper,
With a maximum payout of 85% against a 100% loss the odds are stacked against the trader. Binaries are easy to use, no doubt, but to make a success of trading using thrs instruments given their limited return you need to win more times than you lose.
Hello Kjtrader,
Yes, you are exactly correct.
Winning at least 8 - 9 trades out of 10 trades is very very easy with the help of my strategy because it is a perfect combination of handpicked technicals along with the price action as the confirmation which will normally never fails if you get more practice with my system.
Regards,
Casper.
If you want to practice BO before committing any real money, you can open a demo account on “IG.com”, without depositing anything. Their “sprint markets” are essentially the simplest implementation of it, but there are a lot of other BO options on there. They are regulated by the FCA in the UK too.
I’ve spent a good bit of time looking at various brokers (24Winner, AnyOption, Nadex etc.). Most of them feel more like casino web sites rather than a “proper” trading site. The fact that IG have a physical address in the UK listed on their site and are FCA regulated gives me more confidence in them than a lot of others, but I was only attracted to them as they actually let you demo without parting with any cash. It would seem suspicious to me to not be able to do that on a platform before investing.
As has been pointed out before though you need to be hitting a target of at least 70% accuracy with good money management to make any sort of decent return. If you could do that, you could easily turn £100 into over £1,600 doing just one trade a day for a year (risking 3% of your capital each time on an average return of 80% of your stake).
If you can get that up to 80% it rockets up to about £12,000. Good luck with that though.
Likewise, if you “only” hit 60% it’s closer to £235.
Most binary options services and brokers are scams until proven otherwise… Just take a huge list of these binary scams - www.valforex.com/2014/09/frequently-updated-black-list-of-binary-options-scams.html. They keep bringing up new services everytime in order to entice newbies to “experience overnight riches.” Please don’t fall for them.
I found out, Binary Trading is just like instant lottery scratch card… Hero or Zero… Consistency is the key here i think with min. 80% success…
Thanks for your information… Really helpful
Shouldn’t be doing promotions here… @ casperdesina