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Unread 27th Mar 2012, 04:37 PM   #1
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Default My Binary Code

I got access to this system a few weeks ago, but my problem was that the graphs weren't easy to read. Has anybody had any success using MyBinaryCode?
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Unread 27th Mar 2012, 06:19 PM   #2
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Default Re: My Binary Code

Its one of those things that sounds too good to be true? Curious if anyone makes a deposit at one of the brokers and actually gives this a try...
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Unread 27th Mar 2012, 07:46 PM   #3
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Default Re: My Binary Code

The real money he makes is from people signing up for the binary trading brokerage accounts. The vendor gets like a $150 per sign-up. I know this because I am an affiliate at Global Options. Its a smart way to get CPA commissions for the sign-ups.
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Unread 30th Mar 2012, 09:44 AM   #4
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Default Re: My Binary Code

I signed up for it yesterday with Banc de Binary. They will not accept an account with less than $500.00. This is a real program and is derived from the "scalp trading" platforms used by currency traders. The company is located at 40 Wall St., NYC.

I was a stock broker for 27 years on Wall Street and in London. The program itself runs out of London and is based on UK time (GMT). There are different stocks, indices, currencies and commodities you can trade around the world so really there is something to trade 24/5. It's all probability but you improve your odds by getting the direction right. Like betting in craps, if you lose on the first "roll out", you'll better your odds by placing the same bet with a bigger stake.

They give you a "demo" account to practice on before using your own money. They also will assign a broker to you to help you if you want it. Yesterday I placed 5 bets. I "won" 3 and lost 2. Because I increased my losing positions and bet again, when I won, the payout was higher. All in, I bet a total of $9300 and got back 11442 for a net profit of $2,142. Not bad for the hour I put into it!

The key is the charts and you'd be better off finding a "1 minute chart" on Forex sites. You always want to pick something with a real trend and some volatility. Also, this is traded by OTC brokers (not Nasdaq). So THIS is where they're making their money (on the spreads). But if you pick a big enough liquid stock, currency, etc., you should be okay since they can't manipulate the price.

I'm sure there will be some downfalls but so far it looks good. I plan to go "live" next week with a very small initial deposit. If you want to be kept up on how I do with it, just send me a PM. If this pans out, I'm going to be all over the JV. One more thing. Profits/losses are short-term cap gains (ord income) but if you're in the U.K. it's NOT taxable!!!
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Unread 31st Mar 2012, 10:19 AM   #5
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Default Re: My Binary Code

Thank you very much 'stockette' for your concise review of My Binary Code. I took a look at this the other day, and it intrigued me, so I came here to the Warrior Forum to see if anyone had tried this out yet. Your review of this product explained a lot to me, and I especially liked the fact that you're an experienced trader.

I understand the need to invest in a real business, and you say that their is an initial outlay of $500 minimum in order to have an active account to participate in this platform? Is this correct? If so, then thanks for mentioning this as well. I was not aware of this.

I am more interested in being an affiliate, and offering this product to my subscriber lists really. Something that actually works, is easy to implement, and is ethical. These are the criteria I go by when offering a product, program or service to my lists. Got to keep them happy.

One last thing. I have a close friend who is a day trader, and though he makes a very comfortable living doing what he does, he has to dedicate many hours to it (most of his time actually). I do not envy him, or want his situation for myself or anyone else I'm doing business with. Just my observation.

Thanks again stockette for your most informative review.
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Unread 1st Apr 2012, 08:55 AM   #6
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Default Re: My Binary Code

Guys, this is something nice to continue on discussing here. Of course, those sites dealing with trading will have an affiliate program and promoters will make money if we sign up under their ref links but this thing (which is so common by the way in our internet marketing industry) should not deter us to find more information and maybe later risk some money.
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Unread 1st Apr 2012, 09:31 AM   #7
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Default Re: My Binary Code

I was intrigued with My Binary Code too. I really thought of trying because it seems really profitable. Imagine earning $500 in one hour working from the comfort of your own home. That's a lot of money of course.. Thanks for the reviews guys. This is why I love this forum, I always get the right information at all times.
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Unread 1st Apr 2012, 05:20 PM   #8
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Default Re: My Binary Code

Quote:
Originally Posted by stockette View Post
Hi ezee -- this is totally different from "trading" in the traditional sense. You should ask your friend to have a look at this. You basically have a 50:50 shot at getting this right as opposed to trading where you're really after a specific price and you need more significant moves to make any real money. You can get it right with binary options with a small move and make the payoff of 70-90% return. But do your homework first and spend time with the demo before using your own money. I have a list of additional questions to ask my broker and will keep you up.
Thanks for the additional information stockette! I really like the 50/50 odds of making money with this type of trading. I'll mention this to my day trader friend, see what he thinks.

Yes, by all means keep me up on how it's going for you!
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Unread 1st Apr 2012, 05:21 PM   #9
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Default Re: My Binary Code

Quote:
Originally Posted by Sornie Samante View Post
I was intrigued with My Binary Code too. I really thought of trying because it seems really profitable. Imagine earning $500 in one hour working from the comfort of your own home. That's a lot of money of course.. Thanks for the reviews guys. This is why I love this forum, I always get the right information at all times.
Yeah, me too.
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Unread 1st Apr 2012, 10:38 PM   #10
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Default Re: My Binary Code

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Yeah, me too.
So good to know
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Unread 2nd Apr 2012, 05:22 PM   #11
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Default Re: My Binary Code

I also came across Binary Potions and jumped on WF to see what people have to say. stockette this sounds like you now what you are doing I would love to keep updated on how you go
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Unread 3rd Apr 2012, 10:55 AM   #12
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Default Re: My Binary Code

Definitely not as easy as it is purported to be. Funnily enough global options don't provide a demo even if you deposit because they reckon it's easy enough to get into it, unlike normal forex apparently. I see not much difference other than the capped losses and winnings.

I really think this was an exercise in the author getting people to sign up via his affiliate link to the reccomended brokers.

For the record I also tried this out on a demo account with GFTUK and I'm faring no better than when I tried out "real" forex a few years ago. I will not try this with real money.
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Unread 3rd Apr 2012, 10:28 PM   #13
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Default Re: My Binary Code

I opened a demo account yesterday with Nadex.com. they give you $25.000 to play with,you don't have to deposit any of your own money. I also had no idea what I was doing but somehow managed to make about $2000 over the day. I just placed the up or down according to the graphs FrankieLee talks about. I placed about 10 orders some for quite a few "sizes"
The interface is quite complicated and I have no idea when the options are sold or bought as I am in AU in a completely different time zone. Somehow I manged to win a few that paid out well. But I have no idea what I am doing!

And I agree with James, the binaryoptions website is just a way for them to sign up as an affiliate, the rest of the links on the page don't even work!

Last edited on 3rd Apr 2012 at 10:29 PM. Reason: added more details
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Unread 4th Apr 2012, 08:12 AM   #14
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Default Re: My Binary Code

i have been an affiliate for many years in binary options. LOTS of stuff to watch out for. Spreads, slow payouts, kiss your money good bye if you do bonuses. Also bbinary is not based in NYC that is a po box you can buy for $50 a month at trump tower.
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Unread 4th Apr 2012, 10:30 AM   #15
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Default Re: My Binary Code

Quote:
Originally Posted by FrankLie View Post
Well...

I got an email from mybinarycode.com about this a couple days ago. I watched the demo video and read about it and basically got the same information that you guys mentioned above - it's a 50/50 chance of things going you're way. Hmmm...

I tried to do as much due-diligence as I could and I didn't find anything negative, only that there's a 50/50 shot, which could go both ways

So I went ahead and signed up with GlobalOption.com. At that site they offer bonuses for your deposits. When I signed up they were offering a $250 bonus if I deposit $550 in my account. I was like sweet! I did that and the next day I had $800 in the account. I read as much as I could from the site, tried to study what I could, but really - I have absolutely no experience and I have no idea what I'm doing when it comes to this stuff...

From the mybinarycode.com site they offered a link to "real time graphics", which display graphs of a bunch of options that one can trade. When you watch the mybinarycode.com demo video, all that one gets out of it is "follow the graphs". If the graph shows an upward trend, then put a CALL for that particular option. If the graph shows a downward trend, then put a PUT for that particular option. If the graph doesn't clearly show an upward or downward trend, skip it. Sounds pretty easy and it didn't seem like anything was "hidden" or that there's some kind of scam or anything like that...

Since I was soooo anxious to actually test it out myself, I went ahead and placed my trades. I placed 6 trades - 4 PUTs and 2 CALLS. They followed exactly what the mybinarycode.com site said to do. I LOST ALL POSITIONS!!! In 4 of the trades I bid $50 each and the other 2 I bid $25 each. For some reason you still get a return when you lose, a very small return. Actually, it's not a return, but since they feel bad for you, they let you keep 10% of what you lost... I lost a total of $229 in an hour! Mannnnn! I was upset... I figured with a 50/50 shot, I will at least makeup a lost position with the high returns on the others!!!!! Well... didn't win one! So I went to withdraw the money I had left in my account. From the $800, I had $571 left. I deposited $550, so technically I didn't lose any money, just the "bonus". Well, I was wrong here as well! It turns out that if you accept the bonus, you have to trade 5x the amount that was deposited + the bonus. In my case that's $800*5= $4000. So I can't withdraw any of my money until I trade a total of $4000!!!!! Wow, they know how to get you!

I also didn't know that there was a demo that you could play with and trade, at least not with Globaloption.com. I will go look again to see if there's a demo one can use to make "fake" trades before using real money. I would HIGHLY recommend that... If Globaloption.com doesn't have a demo to practice with I will withdraw what I have left of my $550 and go to a site that does... Can ya recommend one please?

Also, looks like I'ma need your help stockette I guess the 27 years of experience in trading helps...

Guys, be careful! This is for sure not as easy as it looks...

Thanks for your review FrankLie. Like I already mentioned, I would be more interested in offering this to my subscribers (but only if it really worked, of course). And upon visiting their site again, I had questions, but no FAQ, or contact link(?) ...a bit too sketchy. So I will hold off for now, but will keep an eye on this thread.

btw, I appreciate your honesty very much.
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Unread 5th Apr 2012, 12:33 AM   #16
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Default Re: My Binary Code

I read the posts here and it does make me shudder! I trade forex and this sort of market is not something you can go into and without any experience do well. 50:50 is no good, you need at least 60:40 (win:lose) and even then in my books that is marginal.

The reason I say "I shudder" is that the focus and discipline required to be a good trader is massive. Emotion has to be kept outside.

If you want to trade options, someone who I have learnt to trust has an offer available and I can tell you you will be very well looked after. I am not an affiliate and I am not into options - forex is my game.
Go and look at this WSO: http://addictivetext.com/blog/click/ant-handshake-wso/

Oz is a good man, very experienced in this area and a helpful son-of-a-gun.

Cheers,

Mike F-D
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Unread 5th Apr 2012, 09:40 AM   #17
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Default Re: My Binary Code

I also came here looking for answers about this system. Like anything that makes those sorts of figures there is a learning curve involved , listening to you guys has made up my mind this is'n't for me.
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Unread 23rd Apr 2012, 10:39 AM   #18
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Default Re: My Binary Code

Not sure if any of you know Steve, but he states unequivocally that
binary options trading is a scam, both form a trading & affiliates
perspective.

I Quit Binary Options - YouTube (to mods: this is not my video)

Buyer beware!
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Unread 28th Apr 2012, 03:07 PM   #19
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Default Re: My Binary Code

Quote:
Originally Posted by gpxint View Post
Not sure if any of you know Steve, but he states unequivocally that
binary options trading is a scam, both form a trading & affiliates
perspective.

I Quit Binary Options - YouTube (to mods: this is not my video)

Buyer beware!
I was not able to find much real, honest info on Binary Codes. Talked with my day trader friend who had a look at this. Said it is doable, but a learning curve is needed, however, he questioned the legality of this program. Anyway, just sharing my latest on this with everyone.
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Unread 3rd May 2012, 11:44 PM   #20
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Default Re: My Binary Code

Thanks everyone for all the information. I have been getting so many emails about mybinarycode and after watching the simplicity of the program as advertized, it looks pretty easy to earn money out of it but when I saw this thread, I feel that it is not my cup of tea.
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Unread 14th May 2012, 05:45 AM   #21
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Default Re: My Binary Code

Hello!

They will not accept an account with less than $500.00. This is a real program and is from the "scalp trading" used by currency traders. You should totally try it. It's safe I guess. Why did you asked? Are you planning to use this system?

More power.
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Unread 18th May 2012, 09:51 AM   #22
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Default Re: My Binary Code

I have made $800 in profit using the binary code method since march. It is fairly easy to set-up and trade but I use eztrader which allows you to start trading with only $100. The video can be found here:


There is a more detailed training video in video description and a link to start trading with only $100 with eztrader.
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Unread 19th May 2012, 08:22 PM   #23
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Default Re: My Binary Code

I have been trading band de binary for 2 month my account went from $3000 to $5700.my colleague.mentio went from $3000 to $8000 in two week.my advice is not to trade on your own but follow the advice from your trader, do not think you can trade on your own easily,my broker give 3 signal to 5 signal daily there is why we are consistant now,I use to trade on my own and lost now I only wait for signal.pm me I can give you more information and experience.thanks tom add me to skype tommmi88 (mention warrior as I do not add just anybody)
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Unread 3rd Jun 2012, 08:08 AM   #24
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Default Re: My Binary Code

So would you say that this still works, though you need the advisement of someone who is well versed in using the product?
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Unread 4th Jun 2012, 05:22 AM   #25
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Default Re: My Binary Code

The whole concept of My Binary Code is quite straight forward. As suggested in the sales page, it is about making money from trading. Now, to be honest this concept is not new. But what got me joining this program was the fact the creator of this program guarantee that you WILL make money. Now, this is a very big claim – as we know, nothing can be 100% sure. Especially in this tough economical times. How can he be so sure? I invested $100 for trading.
On my first day of trading I made $231, so I was very excited. Considering the fact that I must admit I was kind of skeptical of the whole thing, thinking it would be left to pure chance to whether I profited or not. But after learning the strategy by My Binary Code had allowed me to have some confidence when trading. The broker that looked after me is easy to deal with and explain things in simple terms.
On my second day of trading, I made $342…. How good is that? Remember, I started with $100, so that’s a profit of more than $400 in just two days! My third day I made the lowest profit of $128 – but nevertheless a profit, so I wasn’t complaining. And I have continued to make a profit to this date…
So does My Binary Code works? YES, from my one week experience.. and believe it will continue to work.
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Unread 8th Jun 2012, 12:00 AM   #26
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Default Re: My Binary Code

my account is now $13000 if you inquires skype me at tommmi88,please mention warrirorforum will add you in
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Unread 8th Jun 2012, 12:15 PM   #27
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Default Re: My Binary Code

I have an account with Banc De Binary and you can sign up for an account with less than $500 but you cannot withdraw until you have deposited a total of $500. I put $200 into my account and raised it to about $700 within a few weeks but couldnt withdraw as i hadnt met the deposit limit but once that was done it was simple to put it into my account with a bank transfer. The money made in this is purely for signups as someone here as already mentioned there is a hefty commission per sign up because 97% of people are expected to lose it all so its an easy $350 profit per sign up for Banc De Binary. No scam here just stick with currencies and you'll be fine just do your research on trending for the preceeding week or so to give you an idea as to where its heading by the close of play that day. The weekend options for middle east stocks are very volatile throughout the day and usually end up not far from where they started the day. Good luck to anyone who does this, i think it was one of the most exciting yet nerve racking things ive done to make money.
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Unread 11th Jun 2012, 09:12 AM   #28
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Default Re: My Binary Code

To those who opened accounts with Banc De Binary with less than $500, how did you do that?
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Unread 11th Jun 2012, 09:51 AM   #29
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Default Re: My Binary Code

Is the mybinarycode.info affiliate is still alive and paying?...I already got 4 members signed up and although they haven't started trading for money, a few of them may do so soon.

I want to know whether mybinarycode.info is still working.

Also, does anyone know where you can get free signals to help you win more?
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Unread 13th Jun 2012, 09:55 PM   #30
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Default Re: My Binary Code

It would be nice if we could get more inofmration on this including phillip5341's questions.

Also, there seems to be no way to contact them.

I'd like to know whether their mybinarycode-affiliate is still functioning and paying out.

Anybody knows where u can contact them for some answers?
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Unread 23rd Jun 2012, 08:10 PM   #31
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Default Re: My Binary Code

Hi, check out some of my alternative Binary Options Trading Systems. Almost 600 traders trading them with many many experiencing good success. Cheers.
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Unread 30th Jul 2012, 09:46 PM   #32
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Default Re: My Binary Code

My account is now at $15000,skype:tommmi88
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Unread 5th Sep 2012, 10:49 AM   #33
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Default Re: My Binary Code

wow a new binary code,now recoded
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Unread 5th Sep 2012, 05:03 PM   #34
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Default Re: My Binary Code

I came across this link while doing my "due diligence" and although it's been very informative, I wish I had more information on the updated version, "Binary Recoded". It almost seems like they've tried to sell us on the learning curve not being nearly as steep because of the training and the cost, to jump in, is only 100-300 bucks (although, the recommendation is $200 - $100 for each type of broker he offers ... each specializing in different platforms), as opposed to the $500 being discussed in this thread. I've read that the owner of the system just goes by "Ronnie", but I saw on the website with the breakdown that the "bogus article" (I see these things all over the internet) where some "Dad in my hometown made $14K in a month ... find out how" was authored by a guy by the name of Tommy and listed as Consumer Trend Investigator and Financial Expert. I saw the listed creators ... Created By : THOMAS JAY LA’ROQUE, Hajo Erzbach, JACOB ANDREWS and Ronnie. That solves that mystery. I'd love to see one of you guys with stock broker experience check out the newest version. Your opinion would be priceless ... can it really be THAT easy? I've always heeded the words, "if it sounds to good to be true ....", but I have to admit, I feel like I might be getting drawn closer to the light. Again ... great conversation that went on in here ... Thank You.
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Unread 5th Sep 2012, 05:27 PM   #35
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Default Re: My Binary Code

I never used the orignial 'my binary code' so I don't know what's different in the new one. It's also way out of my comfort zone, honestly i don't really know what I'm doing but so far using the 'system' I am seeing results.

Took the $200 that's recommended and turned it into $800 - a lot of that was down to me being 'sensible' with my trades though, no rushing in with big numbers.

Slowly and steadily I'm seeing some nice results, but I don't really know what's going on. Obviously no system in 100% accurate, so you need to expect some losses, but overall I'm having fun, and the 'system' was free so all is good!
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Unread 5th Sep 2012, 05:30 PM   #36
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Default Re: My Binary Code

Hey guys, it's probably not very relevant to binary code trading but thought you might like to watch the 3 part Million Dollar Traders. Quite a fun watch.

Part 1: Part 2: Part 3:
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Unread 5th Sep 2012, 06:56 PM   #37
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Default Re: My Binary Code

love the video,well am up to $29000 after four months.thanks to binary option
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Unread 5th Sep 2012, 07:05 PM   #38
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Default Re: My Binary Code

by the way you see in the in all binary advertisement does not really show you the true,it take real money and time to really do it not get rich tommorow scheme. if you have time and money just skype: tommmi88 let me show you how I do it
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Unread 5th Sep 2012, 09:32 PM   #39
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Default Re: My Binary Code

Thanks for sharing this video.
I think everyone who are interested in this should watch this video first.
These kind of horror stories also exist in Forex trading, you don't hear these kind of stories when you get started. But once you start to succeed in this game and start earning BIG income, horror stories such as these start to pop up from the brokers. Very sad!

Quote:
Originally Posted by gpxint View Post
Not sure if any of you know Steve, but he states unequivocally that
binary options trading is a scam, both form a trading & affiliates
perspective.

I Quit Binary Options - YouTube (to mods: this is not my video)

Buyer beware!
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Unread 6th Sep 2012, 08:16 AM   #40
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Default Re: My Binary Code

I quit on this idea after a few disastrous trial runs 6 months ago. I actually had banc de binary on the phone yesterday asking me why i have not deposited yet. Think that's the 3rd time they asked me. Why do they need customers when they can play binaries themselves and make a killing like some people seem to be able to do?
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Unread 6th Sep 2012, 06:59 PM   #41
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Default Re: My Binary Code

Brokers are not traders... brokers earn money from commissions. In case of binary options, they earn money when traders lose!

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Originally Posted by jamesbgr View Post
I quit on this idea after a few disastrous trial runs 6 months ago. I actually had banc de binary on the phone yesterday asking me why i have not deposited yet. Think that's the 3rd time they asked me. Why do they need customers when they can play binaries themselves and make a killing like some people seem to be able to do?
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Unread 6th Sep 2012, 08:58 PM   #42
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Default Re: My Binary Code

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Originally Posted by wrays View Post
Brokers are not traders... brokers earn money from commissions. In case of binary options, they earn money when traders lose!
Wow, that doesn't make sense ... the Binary Recoded video was saying that you want to use their brokers for help. If you go in with a hundred dollars and lose, why would you want to go back? Seems like the brokers would want you to succeed although one of the questions I have for the B.R. creators is ... is there a fee for using their brokers or a percentage taken for services rendered? How are they getting paid? When we lose? Really? I'm not trying to stir the pot, it just doesn't make sense to me. But again, this binary crap is all new to me.
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Unread 6th Sep 2012, 11:47 PM   #43
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Default Re: My Binary Code

Quote:
Originally Posted by gpxint View Post
Not sure if any of you know Steve, but he states unequivocally that
binary options trading is a scam, both form a trading & affiliates
perspective.

I Quit Binary Options - YouTube (to mods: this is not my video)

Buyer beware!
Quote:
Originally Posted by jlscwf View Post
I took a look at this about a week ago. my only worry is actually getting
a withdrawal.
Quote:
Originally Posted by Stretch44 View Post
Wow, that doesn't make sense ... the Binary Recoded video was saying that you want to use their brokers for help. If you go in with a hundred dollars and lose, why would you want to go back? Seems like the brokers would want you to succeed although one of the questions I have for the B.R. creators is ... is there a fee for using their brokers or a percentage taken for services rendered? How are they getting paid? When we lose? Really? I'm not trying to stir the pot, it just doesn't make sense to me. But again, this binary crap is all new to me.
have you ever trade or make money in binary option, I have withdraw $8000 already
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Unread 7th Sep 2012, 05:59 AM   #44
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Originally Posted by tommmi View Post
have you ever trade or make money in binary option, I have withdraw $8000 already
No Tommie, I've not ever done any investing or anything in the Financial niche, online. It is intriquing though. Do you mind me asking where you are located? I can't tell from your profile. Are you from the states, Europe, Asia or ...? The reason I'm asking is that it seems like most of the folks in this thread are from outside the continental U.S. ... just trying to get some perspective, but mostly I'm curious, I guess. You seem to have a handle on this material and I'm wondering if you're able to get the graph info. in "real time" or if you're "down under" (like Mish_h) or somewhere else, where the time zone could be a liability?

I'm considering a "strategy" to recoup anything I lose, which may or may not involve/include finding a product on Clickbank that is "proven", coupled with my "mad SEO skilz". I appreciate your sharing ... thanks.

Last edited on 7th Sep 2012 at 06:06 AM. Reason: Want to add content
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Unread 7th Sep 2012, 07:06 AM   #45
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Originally Posted by Stretch44 View Post
No Tommie, I've not ever done any investing or anything in the Financial niche, online. It is intriquing though. Do you mind me asking where you are located? I can't tell from your profile. Are you from the states, Europe, Asia or ...? The reason I'm asking is that it seems like most of the folks in this thread are from outside the continental U.S. ... just trying to get some perspective, but mostly I'm curious, I guess. You seem to have a handle on this material and I'm wondering if you're able to get the graph info. in "real time" or if you're "down under" (like Mish_h) or somewhere else, where the time zone could be a liability?

I'm considering a "strategy" to recoup anything I lose, which may or may not involve/include finding a product on Clickbank that is "proven", coupled with my "mad SEO skilz". I appreciate your sharing ... thanks.
sorry I do not wish to offence you but I do believe broker have to earn money.that what they make a living with that .I talk to them daily so I know what is the truth they help me make money if you get the right person.I do not need to show anything here I not display wealth. I just like to get some misunderstand right.there is no gurantee in trading.it ismoney management remember are you a trader or gambler
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Unread 7th Sep 2012, 08:39 AM   #46
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Originally Posted by tommmi View Post
sorry I do not wish to offence you but I do believe broker have to earn money.that what they make a living with that .I talk to them daily so I know what is the truth they help me make money if you get the right person.I do not need to show anything here I not display wealth. I just like to get some misunderstand right.there is no gurantee in trading.it ismoney management remember are you a trader or gambler
No offense taken, Tommie ... you seem like a guy that just wants to help & I saw earlier in the thread that you were willing to give out your Skype address, which I thought was very generous. I wasn't looking for proof of your earnings, just where you are from ... like I said ... I'm just curious. No worries. You are exactly right about this form of "money management" ... it is a gamble. I'm just trying to get a handle on exactly how big of a gamble it is.

The promoters of Binary Recoded would have me think that the odds are far greater in MY favor, while I'm looking at it a little more realistically. I read somewhere in my research that I'm looking at - little more than a 50% chance of winning (about 54.5% according to that source - which I was able to just find - here it is: Binary Options Scam - How Brokers Profit but again, this is in a "perfect market" ... no hanky panky).

Hope this helps anyone else looking to venture a try, which by the way, I still might do ... only slow and calculating with a modestly low amount of money ... maybe just dip my toes in, as it were. Again ... GREAT thread here everyone!

Last edited on 7th Sep 2012 at 08:42 AM. Reason: word phrase
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Unread 7th Sep 2012, 08:57 AM   #47
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Default Re: My Binary Code

Check out this video...

After watching that video, you will understand how binary option brokers make money. And you will also be surprised to hear that anyone can setup a binary option brokerage with only $12,000.

I don't trade binary options, I trade stocks and options with Interactive Brokers (IB). IB earns money from commissions, very different from those binary brokers.

Quote:
Originally Posted by Stretch44 View Post
Wow, that doesn't make sense ... the Binary Recoded video was saying that you want to use their brokers for help. If you go in with a hundred dollars and lose, why would you want to go back? Seems like the brokers would want you to succeed although one of the questions I have for the B.R. creators is ... is there a fee for using their brokers or a percentage taken for services rendered? How are they getting paid? When we lose? Really? I'm not trying to stir the pot, it just doesn't make sense to me. But again, this binary crap is all new to me.
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Unread 7th Sep 2012, 10:00 AM   #48
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Originally Posted by Stretch44 View Post
No offense taken, Tommie ... you seem like a guy that just wants to help & I saw earlier in the thread that you were willing to give out your Skype address, which I thought was very generous. I wasn't looking for proof of your earnings, just where you are from ... like I said ... I'm just curious. No worries. You are exactly right about this form of "money management" ... it is a gamble. I'm just trying to get a handle on exactly how big of a gamble it is.

The promoters of Binary Recoded would have me think that the odds are far greater in MY favor, while I'm looking at it a little more realistically. I read somewhere in my research that I'm looking at - little more than a 50% chance of winning (about 54.5% according to that source - which I was able to just find - here it is: Binary Options Scam - How Brokers Profit but again, this is in a "perfect market" ... no hanky panky).

Hope this helps anyone else looking to venture a try, which by the way, I still might do ... only slow and calculating with a modestly low amount of money ... maybe just dip my toes in, as it were. Again ... GREAT thread here everyone!
thanks for the understanding,I saw the video look forex started the same way look like scam.but what does it look like now.do you know binary option is beginning to be regulated.cysec requries binary option to be regulated.it take time so smaller player will be out very soon.so join the big boys.sorry I am referring to the video before this.as for spread I cannot speak for others even in forex or stock or option. there are bad apple so choice properly.give it time but would you leave opportunity to make money your choice.oh yes my broker mention lots of hype from binaryrecoded they do not really like it before people just deposit and try to trade minimum hoping for million. you guys should not take bonus if not comfortable I believe they offer it in forex too
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Unread 7th Sep 2012, 10:22 AM   #49
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Hi tommmi,
May I know what binary options broker do you use? Do they allow people outside the US to open an account?

Quote:
Originally Posted by tommmi View Post
thanks for the understanding,I saw the video look forex started the same way look like scam.but what does it look like now.do you know binary option is beginning to be regulated.cysec requries binary option to be regulated.it take time so smaller player will be out very soon.so join the big boys.sorry I am referring to the video before this.as for spread I cannot speak for others even in forex or stock or option. there are bad apple so choice properly.give it time but would you leave opportunity to make money your choice.oh yes my broker mention lots of hype from binaryrecoded they do not really like it before people just deposit and try to trade minimum hoping for million. you guys should not take bonus if not comfortable I believe they offer it in forex too
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Unread 7th Sep 2012, 11:00 AM   #50
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Originally Posted by wrays View Post
Hi tommmi,
May I know what binary options broker do you use? Do they allow people outside the US to open an account?
I do not wish sell anything here look for me in skype, of course they take people outside us but remember there is no such thing as gurantee win. it is how you trade that the key.sorry I am out very tired after non farm thanks
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