binary options?

by prefamous 236 replies
has anyone here tried binary options? I just wanted to know if this is legit. I have searching google finding conflicting stories about withdraw problems. any
one have any personal experience with any binary options trading account.
#internet marketing product reviews & ratings #binary #options
  • Profile picture of the author Emaloy97
    Banned
    Originally Posted by prefamous View Post

    has anyone here tried binary options? I just wanted to know if this is legit. I have searching google finding conflicting stories about withdraw problems. any
    one have any personal experience with any binary options trading account.
    Are you ready to lose everything you own? Then binary options is for you!

    But seriously, binary options is nothing more than glorified gambling.

    Unless you have extra money you are prepared to lose, DONT DO IT.

    Please please please do not think of binary options as your main income.
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    • Profile picture of the author prefamous
      Originally Posted by Emaloy97 View Post

      Are you ready to lose everything you own? Then binary options is for you!

      But seriously, binary options is nothing more than glorified gambling.

      Unless you have extra money you are prepared to lose, DONT DO IT.

      Please please please do not think of binary options as your main income.
      I know I can lose money, thats not what I asked. what I am really asking is will they pay out if I dominate. I am experienced trader so I can predict these movement pretty accurately. Seems to me that a someone with a lucky streak can send these people into bankruptcy.
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      • Profile picture of the author Emaloy97
        Banned
        Originally Posted by prefamous View Post

        I know I can lose money, thats not what I asked. what I am really asking is will they pay out if I dominate. I am experienced trader so I can predict these movement pretty accurately. Seems to me that a someone with a lucky streak can send these people into bankruptcy.
        Dominate? I doubt it. Thats a pretty big "if". If this was super profitable and easy then everyone would be doing it.
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        • Profile picture of the author Michael Harris
          I looked into it around Mach this year,

          One of the things I found was there can be
          many hoops to jump through, when it came time
          to withdrawing your money..

          It seemed it was very easy to deposit money and
          trade/bet..

          But when it came time to get your money back they
          were asking for a lot of personal info to be faxed through
          to a number..

          So I recommend checking that side of things out before
          putting any money in..
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          • Profile picture of the author moneymakerway
            Originally Posted by quantumtiger View Post

            I looked into it around Mach this year,

            One of the things I found was there can be
            many hoops to jump through, when it came time
            to withdrawing your money..

            It seemed it was very easy to deposit money and
            trade/bet..

            But when it came time to get your money back they
            were asking for a lot of personal info to be faxed through
            to a number..

            So I recommend checking that side of things out before
            putting any money in..
            This is true! When it comes to withdraw they indeed demand your personal info like photocopy of your passport etc.
            If you're not sure which broker site is reliable, try researching on google or youtube.
            Search term can be - "your broker company" review
            or "your broker company" payment proofs.
            If you can't find a lot of results repeat this process with another broker company.
            Good luck with trading!
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          • Profile picture of the author tenenali
            Originally Posted by quantumtiger View Post

            I looked into it around Mach this year,

            One of the things I found was there can be
            many hoops to jump through, when it came time
            to withdrawing your money..

            It seemed it was very easy to deposit money and
            trade/bet..

            But when it came time to get your money back they
            were asking for a lot of personal info to be faxed through
            to a number..

            So I recommend checking that side of things out before
            putting any money in..
            this is one good post.

            I do agree with quantum tiger.

            I was about to say this but then I've gone through the posts first to make sure if that i'm not echoing some other's comment/advice.

            Anyway.

            All I can add is this, just make sure that you check other possibilities first before doing something you're not sure of.

            - Goodluck and hope you succeed in your business!
            cheers!
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          • Profile picture of the author eeeasyas12345
            Originally Posted by quantumtiger View Post

            I looked into it around Mach this year,

            One of the things I found was there can be
            many hoops to jump through, when it came time
            to withdrawing your money..

            It seemed it was very easy to deposit money and
            trade/bet..

            But when it came time to get your money back they
            were asking for a lot of personal info to be faxed through
            to a number..

            So I recommend checking that side of things out before
            putting any money in..
            Absolutely true, same thing happened to me, when i opened the account no questions were asked you can deposit money 123 by using a credit card but if you request a withdrawal it is a totally different story, as the warrior mentioned above they ask for a lot of very personal information which I was hesitant to do given that I didn't know for sure if those sites are legit, so I wind up losing the profits and my initial deposit.
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        • Profile picture of the author prefamous
          Originally Posted by Emaloy97 View Post

          Dominate? I doubt it. Thats a pretty big "if". If this was super profitable and easy then everyone would be doing it.
          everyone would be doing it? Not true people get rich in real estate, in the stock market. not everybody does it becuase of the risk factor. To many people wanting handouts & garrantess nowadays. I am very well verse in chart analysis, accounting, and the stock market and forex in general.
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      • Profile picture of the author julian76
        Originally Posted by prefamous View Post

        I know I can lose money, thats not what I asked. what I am really asking is will they pay out if I dominate. I am experienced trader so I can predict these movement pretty accurately. Seems to me that a someone with a lucky streak can send these people into bankruptcy.
        hey prefamous,
        Don't think of the broker as a company that keeps all your money. They are a broker. They will not go broke if you lost the trade. They will in fact will make money. It is up to your skill in picking the right market direction whether you win or lose. It is all in your attitude. This broker is licensed in the US, there is no problem withdrawing money. I actually feel more secure having to provide lots of personal info to withdraw.

        I believe making money with binary options will be easy. I am a forex trader and I just joined binary options, I think this is a much smarter way to trade. It takes many complications out of trading. You just need a good strategy. For me, I'm going to use the 1/2 hour options and do analysis on 5 minute charts - Here is a great Youtube video showing an excellent winning strategy, follow this and you'll be right:
        youtube.com/watch?v=oXS0h2vbPc0&feature=related
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        • Profile picture of the author tommmi
          [QUOTE=julian76;6952891]hey prefamous,
          Don't think of the broker as a company that keeps all your money. They are a broker. They will not go broke if you lost the trade. They will in fact will make money. It is up to your skill in picking the right market direction whether you win or lose. It is all in your attitude. This broker is licensed in the US, there is no problem withdrawing money. I actually feel more secure having to provide lots of personal info to withdraw.

          I believe making money with binary options will be easy. I am a forex trader and I just joined binary options, I think this is a much smarter way to trade. It takes many complications out of trading. You just need a good strategy. For me, I'm going to use the 1/2 hour options and do analysis on 5 minute charts - Here is a great Youtube video showing an excellent winning strategy, follow this and you'll be right:
          youtube.com/watch?v=oXS0h2vbPc0&feature=related[/QUOTE

          you are right, you are a trader comfirm
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        • Profile picture of the author TrafficBot
          Originally Posted by julian76 View Post

          hey prefamous,
          Don't think of the broker as a company that keeps all your money. They are a broker. They will not go broke if you lost the trade. They will in fact will make money. It is up to your skill in picking the right market direction whether you win or lose. It is all in your attitude. This broker is licensed in the US, there is no problem withdrawing money. I actually feel more secure having to provide lots of personal info to withdraw.

          I believe making money with binary options will be easy. I am a forex trader and I just joined binary options, I think this is a much smarter way to trade. It takes many complications out of trading. You just need a good strategy. For me, I'm going to use the 1/2 hour options and do analysis on 5 minute charts - Here is a great Youtube video showing an excellent winning strategy, follow this and you'll be right:
          youtube.com/watch?v=oXS0h2vbPc0&feature=related
          Julian76: Thanks for the link to the video. The strategy discussed in the video sounds straightforward and simple
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      • Profile picture of the author sarlat
        Originally Posted by prefamous View Post

        I know I can lose money, thats not what I asked. what I am really asking is will they pay out if I dominate. I am experienced trader so I can predict these movement pretty accurately. Seems to me that a someone with a lucky streak can send these people into bankruptcy.
        If you can predict movements accurately then you should be using spread betting in the UK if you can through IG index.
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      • Profile picture of the author mollymarkiewicz
        If you do trade in Binary Options, DO NOT ACCEPT THE BONUSES!
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        • Profile picture of the author tommmi
          There right no bonus need to trade 20 times of account size before withdrawal unless you are dawn good
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      • Profile picture of the author trswitch
        Originally Posted by prefamous View Post

        I know I can lose money, thats not what I asked. what I am really asking is will they pay out if I dominate. I am experienced trader so I can predict these movement pretty accurately. Seems to me that a someone with a lucky streak can send these people into bankruptcy.
        You have to predict movements within a 30 minute or less time period.

        This IS a 50/50 gambling oppurtunity but your bet will only pay up to 85% in the best case if you win. Better play some roulette...
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        • Profile picture of the author Newbieee
          Originally Posted by trswitch View Post

          You have to predict movements within a 30 minute or less time period.

          This IS a 50/50 gambling oppurtunity but your bet will only pay up to 85% in the best case if you win. Better play some roulette...
          Thats what i thought when i was analysing whether i should go into it.

          And your statement stands through IF you have no idea of how to trade the financial markets.

          Base on stats alone, yes your logic is right.

          But you cant compare financial markets with roulette.
          Roulette has no meaning, numbers are random.

          Markets move with a meaning, every move has a reason behind it.
          And it behaves according to human psychology.

          Thus it can be predicted according to patterns and news.

          So i would have to disagree with you.


          Edited: oh and btw, roulette is not 50-50. There is house edge. =) Remember the "0" is neither odd nor even, high or low, black or red, it stands alone.
          Signature
          Pain is a perception, so is defeat & happiness!
          Find out how to get this FREE
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  • Profile picture of the author adedoyin
    Originally Posted by Ken_Caudill View Post

    Yes and no.

    what is yes and no
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    • Profile picture of the author myob
      Originally Posted by adedoyin View Post

      what is yes and no
      If yes, on AND off >> if no, off NOT on:: yes and no = on and off.
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    • Profile picture of the author smcs
      Originally Posted by adedoyin View Post

      what is yes and no
      It's a joke, a really bad joke.
      yes and no are the two options, hence binary option.
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  • Profile picture of the author dkla27
    On the broker side it's pretty much like forex.
    Some brokers are more reliable than others and you have to do your research.
    As for your concern that a successful customer can send them into bankruptcy don't worry as there are lots of things they will do to avoid that. From legitimate (hedging the positions) to pure scam (false quotes, requotes, cancelled orders,...). They may even terminate your account without a valid reason.
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    • Profile picture of the author prefamous
      Originally Posted by dkla27 View Post

      On the broker side it's pretty much like forex.
      Some brokers are more reliable than others and you have to do your research.
      As for your concern that a successful customer can send them into bankruptcy don't worry as there are lots of things they will do to avoid that. From legitimate (hedging the positions) to pure scam (false quotes, requotes, cancelled orders,...). They may even terminate your account without a valid reason.
      I don't mind them protecting themselves thats fine, I just want to make sure it don't involve any scam tactics like the ones mentions or any others that I can't think of. I am posting here because I was kinda hoping someone here actually tried it and can refer to an honest binary options broker. but I am looking for someone with first hand and knowledge. google searches are unrealible considering they have affiliate programs
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      • Profile picture of the author jonj31070
        Originally Posted by prefamous View Post

        I don't mind them protecting themselves thats fine, I just want to make sure it don't involve any scam tactics like the ones mentions or any others that I can't think of. I am posting here because I was kinda hoping someone here actually tried it and can refer to an honest binary options broker. but I am looking for someone with first hand and knowledge. google searches are unrealible considering they have affiliate programs
        From what I understand, Nadex is a good platform to trade Binaries with in the U.S. Being based in the U.S. gives the customer the best protection from fraud. Outside of the U.S., I am not so sure.
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  • Profile picture of the author Devin X
    Banned
    I love all the people with zero experience giving their opinion on the thread...makes me all warm and fuzzy inside.

    To the OP: Do your homework and learn the whole process. If you sign up a broker will contact you about your account and policies and such. They'll even answer any questions you have. Ask and you shall receive. Simple.

    Personally, I use Banc De Binary and even promote it. It works well for me (average 34% ROI)

    BUT! Pay attention...I'm telling you to do your homework. If you research and get the facts then you won't get taken advantage of. Street smarts apply online. Common sense, right?
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    • Profile picture of the author prefamous
      Originally Posted by TheRealDudeman View Post

      I love all the people with zero experience giving their opinion on the thread...makes me all warm and fuzzy inside.

      To the OP: Do your homework and learn the whole process. If you sign up a broker will contact you about your account and policies and such. They'll even answer any questions you have. Ask and you shall receive. Simple.

      Personally, I use Banc De Binary and even promote it. It works well for me (average 34% ROI)

      BUT! Pay attention...I'm telling you to do your homework. If you research and get the facts then you won't get taken advantage of. Street smarts apply online. Common sense, right?
      are You satisfied with banc de binary? have you made withdraws without hassle?
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      • Profile picture of the author Devin X
        Banned
        Originally Posted by prefamous View Post

        are You satisfied with banc de binary? have you made withdraws without hassle?
        My word will probably be taken with a spoonful of salt since I have admitted that I promote it.

        I'd advise you to contact them and find out for yourself. You should even if I tell you. Best of luck. It's much like any other trading platform, with a few benefits.

        PS. The answer is yes, but go to the "horse's mouth". I care not if you do it thru my link or not too.
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      • Profile picture of the author Internet Wizard
        Originally Posted by prefamous View Post

        are You satisfied with banc de binary? have you made withdraws without hassle?
        I have used Banc De Binary and did not have any problem withdrawing my funds from them, apart from providing normal due diligence such as scanned copies with proof of address and ID etc. It wasn't a lot of money, (probably a couple of grand at most), and I lost more trades than I should so I ended up withdrawing less than I had deposited. I think BBinary are one of the more reputable brokers, and there aren't a lot of those around...IG Index is another one I would trust but their binary options work slightly differently.

        Although Banc De Binary say that they cover all their trades I am not sure this is 100% true... I suspect that most binary option brokers take positions against their customers and will limit you if you are too successful, but we are probably talking at least making six figures in a short time frame before that would happen with BBinary, (just a guess though).

        One pitfall you should be aware of are the bonuses, stay away from them unless you are 100% sure that you will be successful! If you take the bonus on deposit they will tie you in to A LOT of trades before you can withdraw the funds...and by that time you might have found a better broker, or lost all your money!

        You say you are an experienced trader. That is really a requirement if you are to be successful with Binary options. There are only some situations where it makes sense to use binary options over other types of trading such as normal options or spread betting.

        I can't remember exactly since it was a while since I played around with this but you will need something like a 55%-60% success rate in your trades just to break even... If you are not able to do that with paper trading, forget about binary options.

        It is not as easy as it looks.
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        • Profile picture of the author tommmi
          i have make $29000 from binary option,i started with $5000 .i have withdraw $8000.skype me tommmi88 if you need help
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          • Profile picture of the author kwamster
            Originally Posted by tommmi View Post

            i have make $29000 from binary option,i started with $5000 .i have withdraw $8000.skype me tommmi88 if you need help
            Are you still investing in binary options?

            And is it at easy to make money with binary options as people make out to be?
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            • Profile picture of the author tommmi
              Originally Posted by julian76 View Post

              hey prefamous,
              Don't think of the broker as a company that keeps all your money. They are a broker. They will not go broke if you lost the trade. They will in fact will make money. It is up to your skill in picking the right market direction whether you win or lose. It is all in your attitude. This broker is licensed in the US, there is no problem withdrawing money. I actually feel more secure having to provide lots of personal info to withdraw.

              I believe making money with binary options will be easy. I am a forex trader and I just joined binary options, I think this is a much smarter way to trade. It takes many complications out of trading. You just need a good strategy. For me, I'm going to use the 1/2 hour options and do analysis on 5 minute charts - Here is a great Youtube video showing an excellent winning strategy, follow this and you'll be right:
              youtube.com/watch?v=oXS0h2vbPc0&feature=related
              Originally Posted by kwamster View Post

              Are you still investing in binary options?
              And is it at easy to make money with binary options as people make out to be?
              it never easy to make money.especially just using binary code
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          • Profile picture of the author nelsonbiglar
            Originally Posted by tommmi View Post

            i have make $29000 from binary option,i started with $5000 .i have withdraw $8000.skype me tommmi88 if you need help
            Can I ask what online system (website) your using? I'm looking at getting into this soon...
            Signature

            On the other side:
            www.fishingnorthernontario.com

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            • Profile picture of the author tommmi
              Originally Posted by nelsonbiglar View Post

              Can I ask what online system (website) your using? I'm looking at getting into this soon...

              those of you on skype should have make money
              [13/09/2012 00:45] hi apple stock flying because iphone 5 launching in 1hours prepare for binary stock end day by broker


              [13/09/2012 08:45] [13/09/2012 08:33] won big time
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    • Profile picture of the author MsBossE
      Hi TheRealDudeman,

      I was checking out your post on the Binary options thread. I see that you use Banc De Binary. I am very interested in using them, but I have seen many bad reviews. There are complaints against them with the SEC, plus they are on the PAUSE list at SEC.gov!

      I really need honest, straight forward advice on whether this company is legit. I also read that they do not actually have an office in Trump Tower, just a P.O. box there. Scary!
      Thanks in advance,
      Erica

      P.S. Niiiice Pic!
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      • Profile picture of the author georgebush
        so heed your own instincts and stay away!
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    • Profile picture of the author Achilles1
      Originally Posted by TheRealDudeman View Post

      I love all the people with zero experience giving their opinion on the thread...makes me all warm and fuzzy inside.

      To the OP: Do your homework and learn the whole process. If you sign up a broker will contact you about your account and policies and such. They'll even answer any questions you have. Ask and you shall receive. Simple.

      Personally, I use Banc De Binary and even promote it. It works well for me (average 34% ROI)

      BUT! Pay attention...I'm telling you to do your homework. If you research and get the facts then you won't get taken advantage of. Street smarts apply online. Common sense, right?
      Investing?/No
      Gaming/Yes
      Personal experience: 1 grand, in the Red!
      Try it, only if you have spare Cash&good luck.
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      • Profile picture of the author GoToBinary
        Originally Posted by Achilles1 View Post

        Investing?/No
        Gaming/Yes
        Personal experience: 1 grand, in the Red!
        Try it, only if you have spare Cash&good luck.
        Investing?/ Yes!!!
        Gambling?/ Yes, If you don't know what you are doing! This is a proven fact in any market!

        There are people who make profits on a daily basis even when they just started out. Why? Because they do their research!

        And yes, Only use money you can afford to lose! An important part in trading indeed!
        Signature
        GoToBinary.com - Learn To Trade The Markets Broker Reviews, Strategies, Guides & Exclusive Trading Signals! Join The Fastest And Most Exciting Way To Profit Online In 2013!
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    • Profile picture of the author KingArthur
      Originally Posted by TheRealDudeman View Post

      Personally, I use Banc De Binary and even promote it. It works well for me (average 34% ROI)
      I would not use anything in Cyprus. Since there is a giant sucking sound coming from the black economic hole created by the government there.
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  • Profile picture of the author eeeasyas12345
    If you think you can do well then go ahead try it, I thought I was pretty good myself at trading, as a matter of fact I did very well the first 2 days I more than doubled my money, just to lose everything the third night.

    Now the other thing is it was very easy to deposit money, just give a credit card info and you are good to go, but if you try to withdraw money from your account, you have to give up a lot of personal information just to get the money credited back to your credit card not to get a check or to get a deposit to your bank. That is one of the reasons I lost the money back, believe me those people know what they are doing, and I am sure you noticed that if you lose the bid you lose everything but if you win you win 65 to 85% of the bid which means they will make money from you whether you win or lose. I hope this will be helpful and good luck to you.

    One more thing, be careful of the people that encourage you to do this, as a lot of them are affiliates that will get a cut from the sites if they refer you.
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  • Profile picture of the author Tony Humble
    Banned
    I have always thought of binary options as essentially gambling, and there's loads of untrustworthy sites that are just created by con artists.
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    • Profile picture of the author BrandonGentry
      I tried tradersroom and I found that you could deposit the money a lot quicker than you could withdrawl. It took 7 days to process, but you could deposit money within seconds. I would say you really have to investigate who your brokers are and be smart about it. If it doesn't feel right, get out or don't go with that broker.
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    • Profile picture of the author julian76
      Originally Posted by Tony Humble View Post

      I have always thought of binary options as essentially gambling, and there's loads of untrustworthy sites that are just created by con artists.
      Tony,

      Binary options is buying the right to buy or sell an asset by a predetermined length of time if a certain outcome is reached, hence the ability to leverage your investment. You can analyse the charts, look at trade volumes and trend lines and decide what is happening with an asset to decide how to trade. This is not gambling. Gambling does not involve trading assets, it is merely taking a punt on things. If you perceive it as gambling then you should not be involved, go to LasVegas.


      Originally Posted by BrandonGentry View Post

      I tried tradersroom and I found that you could deposit the money a lot quicker than you could withdrawl. It took 7 days to process, but you could deposit money within seconds. I would say you really have to investigate who your brokers are and be smart about it. If it doesn't feel right, get out or don't go with that broker.
      Of course you can deposit money quicker, you can pay by credit card which is instant, like you do with anything else on the internet. They can't pay you back to your credit card, they can only pay by bank wire which is slow. But then if you're making 70-80% on your trades, why should you worry about it taking 7 days to get your money out.
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      • Profile picture of the author eeeasyas12345
        Originally Posted by julian76 View Post

        Tony,






        Of course you can deposit money quicker, you can pay by credit card which is instant, like you do with anything else on the internet. They can't pay you back to your credit card, they can only pay by bank wire which is slow.
        That is not true if you deposit money using a credit card they will only give you credit on your credit card if you asked for a withdrawal. I have traded with three different sites and they all have the same policy.
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  • Profile picture of the author markcr
    Banned
    Avoid the hype, talk to real traders not marketers. As always there's the hyped up version and the real world of the business of it.
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  • Profile picture of the author Mark72
    Interesting thread. Was looking at these myself.

    I think the best advice is to do lots of research before picking a broker and give it a try, but accept that you could lose your money in the process.

    Ideally you need a system to stick to and take things slow as you learn. It's people who get stupid and greedy that end up in mountains of debt with this sort of thing.

    But in the end it's nothing ventured, nothing gained.
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  • Profile picture of the author markcr
    Banned
    Remember Forex in 2002-2008 was supposed to be the new way for everyone to get rich. But all those so called "traders" were simply taking huge bets. They had no idea how to trade at all.

    This sounds familiar. There's no free lunch
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  • Profile picture of the author markcr
    Banned
    God bless the retail trader.

    But in the end it's nothing ventured, nothing gained.
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  • Profile picture of the author Networking_now
    What do you mean by binary options?

    I don't follow, explain it please.
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  • Profile picture of the author SJJPFTW
    Stay away from them mate. Its just glorified gambling.
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    Please remember if something I do helps you, the thanks button helps me :-) ------------------>

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  • Profile picture of the author tommmi
    I put my comment on my binary code,please check it. why is there two topic of same nature strange
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  • Profile picture of the author RobHiness
    There are definitely some things you need to consider and be fully aware of before dabbling into Binary Options.

    First of all! There seems to be a craze of the "make money online" crowd coming across Binary Options as a safe and simple way to create an income from home. This is definitely false.

    At first Binary Options seem very innocent and easy to do. Because the brokers make it look so easy. The truth of the matter is: Binary Options is nothing different from Investing in the global stock markets. Its far more than thinking its going to go up or down. Binary options require skill in financial research, technical analysis, fundamental analysis and many more variables.

    I don't agree with how Binary Options make their money either. Brokers get paid when you win and even when you lose. They're only goal is to get as many deposits as possible. Because at the end of the day, they are a bank with a physical office ON WALL STREET. They're the only Binary options platform that has an office on Wall Street! Look It up!

    I have experience with trading binary options with a broker named James Wharton over at Banc De Binary. I joined the "Personal Broker Account" which requires a minimum deposit of $2,500 but the brokers push you into depositing more. They tell you that you WILL make money. No they don't guarantee that you will make money because in that industry its basically illegal to make a guarantee. They also tell you before depositing that you will have access to the broker 24/7 via phone or Skype. This is half true! You will get access to their Skype, but rarely will you get to speak with them on the phone. Especially when you lose money, that's when they like to really crawl back into their holes!

    Just to make sure you get the picture, once my broker James Wharton told me before I deposited $15,000 that I would make plenty of money and we would take the account very serious and apply great money management. The day I deposited he turned around and told me that we would take my account "more seriously if I deposited $50,000+". After losing $xx,xxx I told him he that while he was stabbing me in the back he could kiss my ass too.

    Anyways. I'm just preaching about 15% of my pathetic experience with Binary Options. I'm not going to waste any more of your time on how unseccessful I was.

    However, I will tell you that I do have close friends who make $100,000 + profit per day or every couple of days on the Banc De Binary platform. So It could have just been bad luck for me!

    Final Note! If you are looking to generate extra income, unless you have $10,000+ then binary options are not for you. Remember as previously mentioned its Investing In the stock market! Not a "make money online" opportunity. If you are going to try binary options, I would make sure you go with Banc De Binary because at the end of the day, despite my experience, I can say that they have the best Customer Support and platform to offer you as a trader!

    Just my opinion!
    Hope it helped

    Prosperous Regards,
    Rob
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  • Profile picture of the author davisbrands
    Longtime Warrior Member here.. i have invested in a binary platform and would love to work with any traders or affiliates who are looking for a safe and secure place to do business. I will guarantee all payouts personally. 24-48 hour withdrawals on trading accounts and weekly payouts for affiliates via moneygram, western union or paypal.

    PM me with any interest.
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  • Profile picture of the author Vadimarket
    I've tried them. Poor experience. I've tried Trade Rush and Banc De binary. Their main goal is to make you deposit as much as possible, and then if you actually make any money with them, give you 1000 reasons not to let you withdraw your money.

    Most of the positive reviews you see are actually from affiliates.

    Personally I've only lost 200$ with them (might seem like a lot, but that's the minimum deposit). I raised that amount to 3.000 and they refused to let me withdraw any money. They said that I was cheating the system, and all I was doing was looking at BBC stocks to predict the currency rate.

    All of them are located in some third world countries. For example, Banc de binary claim to be located in New York City, but if you actually check their NY address you'll find out that they're nowhere to be found! They're actually located in Israel. So if they lie to you about their location from the beginning, how can you possibly do any business with them?

    Word of advice, stay away....
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    • Profile picture of the author davisbrands
      Originally Posted by Vadimarket View Post

      I've tried them. Poor experience. I've tried Trade Rush and Banc De binary. Their main goal is to make you deposit as much as possible, and then if you actually make any money with them, give you 1000 reasons not to let you withdraw your money.

      Most of the positive reviews you see are actually from affiliates.

      Personally I've only lost 200$ with them (might seem like a lot, but that's the minimum deposit). I raised that amount to 3.000 and they refused to let me withdraw any money. They said that I was cheating the system, and all I was doing was looking at BBC stocks to predict the currency rate.

      All of them are located in some third world countries. For example, Banc de binary claim to be located in New York City, but if you actually check their NY address you'll find out that they're nowhere to be found! They're actually located in Israel. So if they lie to you about their location from the beginning, how can you possibly do any business with them?

      Word of advice, stay away....

      Lots of bad info here, we have never not paid someone within 48 hours provided they sent in the requisite documents.
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    • Profile picture of the author sowens
      Binary options trading is listed by Commodity Futures Trading Commission and by Financial Industry Regulatory Authority as a source of offshore fraud and phishing scams. Unregulated traders are using these scams as a way to get US customers to divulge social security numbers and other private information. I have not become an affiliate for this reason. I am US based and if I am getting customers into phony trading schemes, I'm the one who will go to prison, not the guy in China or Germany who signed me up. Always, always, always investigate the offer thoroughly and trade with a registered broker.
      Originally Posted by Vadimarket View Post

      I've tried them. Poor experience. I've tried Trade Rush and Banc De binary. Their main goal is to make you deposit as much as possible, and then if you actually make any money with them, give you 1000 reasons not to let you withdraw your money.

      Most of the positive reviews you see are actually from affiliates.

      Personally I've only lost 200$ with them (might seem like a lot, but that's the minimum deposit). I raised that amount to 3.000 and they refused to let me withdraw any money. They said that I was cheating the system, and all I was doing was looking at BBC stocks to predict the currency rate.

      All of them are located in some third world countries. For example, Banc de binary claim to be located in New York City, but if you actually check their NY address you'll find out that they're nowhere to be found! They're actually located in Israel. So if they lie to you about their location from the beginning, how can you possibly do any business with them?

      Word of advice, stay away....
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      • Profile picture of the author georgebush
        Originally Posted by sowens View Post

        Binary options trading is listed by Commodity Futures Trading Commission and by Financial Industry Regulatory Authority as a source of offshore fraud and phishing scams. Unregulated traders are using these scams as a way to get US customers to divulge social security numbers and other private information. I have not become an affiliate for this reason. I am US based and if I am getting customers into phony trading schemes, I'm the one who will go to prison, not the guy in China or Germany who signed me up. Always, always, always investigate the offer thoroughly and trade with a registered broker.
        very wise--you could try financial fixed odds betting which is basically the same thing
        and you can start with as little as 50p in most cases-just google it and you will find
        a few bookies that you can do these types of bets with
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      • Profile picture of the author Newbieee
        Originally Posted by sowens View Post

        Binary options trading is listed by Commodity Futures Trading Commission and by Financial Industry Regulatory Authority as a source of offshore fraud and phishing scams. Unregulated traders are using these scams as a way to get US customers to divulge social security numbers and other private information. I have not become an affiliate for this reason. I am US based and if I am getting customers into phony trading schemes, I'm the one who will go to prison, not the guy in China or Germany who signed me up. Always, always, always investigate the offer thoroughly and trade with a registered broker.
        Hi sowens, so are you against BO all together? or just unregulated brokers?
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      • Profile picture of the author tommmi
        Yes please don't trade leave you money in the bank safe case really don't trade ,question is have you trade or lost some money because you don't have a trading plan just like in forex in the beginning it is just a scam I being doing it for donkey years but look at it now is it a scam I thought it being there for decade so my advice please don't trade really (but I just withdraw another $3000 from it sorry doing it monthly) try internet marketing maybe (I heard you still make money but sorry you still need lots of money and drive lots of money not like when I started like 2004 good old google adword those were the days sorry long winded really don't trade skype tommmi88
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        • Profile picture of the author Newbieee
          Originally Posted by tommmi View Post

          Yes please don't trade leave you money in the bank safe case really don't trade ,question is have you trade or lost some money because you don't have a trading plan just like in forex in the beginning it is just a scam I being doing it for donkey years but look at it now is it a scam I thought it being there for decade so my advice please don't trade really (but I just withdraw another $3000 from it sorry doing it monthly) try internet marketing maybe (I heard you still make money but sorry you still need lots of money and drive lots of money not like when I started like 2004 good old google adword those were the days sorry long winded really don't trade skype tommmi88
          Wow its very hard to read what you are trying to say.
          No punctuations.
          And in one chunk.

          I roughly get your point, and i agree with you.
          For people who want 100% safe, and cry scam just because they lose some money, advice " leave your money in the bank "

          But its an irony if you say dont trade. And sign off with your skype.
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          • Profile picture of the author muhhatta
            I have been trying TradeRu*h and TopOpti*n. Beside the nature of BO that put the odd on the advantage of the broker, maybe above 90%, both of them have similar trick, or technical platform issue?, that ended me loosing money.

            I know exactly how to trade forex. I master Marker Maker Method, Al Brooks, Price Action, YTC PAT, etc. See my chart analysis at price-action-trading.blogsp*t

            Yet the nature of BO is favor the broker

            1. You will not been able to use double-up or martiangle strategy. Germanbanker teaching in YouTube to take trade when candle hit the Bolingerband and if the 1st trade lost double the size of the next trade until you win. Gues what, TO will reset its platform every 5-7 trade, manytimes the web error, sometimes refuses the trade, manytimes the order execution took 5-10 seconds placed me in bad price. Therefore, impossible to use double up strategy since one of the time TO or TR will mess your 3rd or 4th doubled up which will wipe your account. TR has similar behavior but just not as worse as TO.

            2. All brokers of BO and afffiliates say that in BO you need only to predict whether the price will go up or down, but the truth/nature is you have to predict the price exactly at the time of option you ve chosen. So if you trade 15' and you enter in 15' before the option expires, you must hit the winning price exactly at the next 15'. You can tell, from chart analysis, if the price is going down or up in the next certain time frame. You can win with just 0.1 pip but you can not tell where the price exactly in the next 15'. It is still 50-50 probability, maybe.

            In BO traders are not against the PRICE but against the TIME, since the price must be exactly in the predetermined second. Do not foled by "as simple as up / down"

            Price is fluctuate, maybe you correctly predict that price is going down but it will 50-50 retrace before continue down. Why? maybe its going down for 1' but you cant close the trade then up 14' and you lost, maybe down 2' then up 13' maybe down 14' then up 1'' spike above the strike price right at minute 15 before continue down. See? No matter how you analyse the chart, since the time is exactly 15'x60" = 900' you still end up gambling. You only have the 900th second while 899' belongs to the broker (1' over 899' winning possibility). This is the nature off BO, mix with 85% pay out, that makes broker always win no matter haw easy BO looks like.

            I hope some good mathmatician can do better math in counting the BO possibility that could provide us a logical reason why BO trade tend to lose if using chart analysis. The only moments I could win if I were gamble picking the top/bottom, if broker didnt delay my order. Everytime I enter based on candle form or price action, most of the time lose by probability, web platform isue, and during the volatile hours I end up lost by the BO broker eventhough my forex Metatrader said I won.

            I think, you cant win trading BO if you expert in TECHNICAL ANALYSIS, but you must expert in GAMBLING
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            • Profile picture of the author Newbieee
              Originally Posted by muhhatta View Post


              I think, you cant win trading BO if you expert in TECHNICAL ANALYSIS, but you must expert in GAMBLING
              Hi there

              Okay i dont know where to quote you so i just quote your last statement.

              Yes i agree with you on most points.

              I know that you know what you're talking about.

              But still, i make decent amount from BO trading.

              And i tell my members this : "In BO trading, you have to throw away MOST of your forex logic or technical analysis."

              Though its the same markets, you are playing with time.

              Like what you've said, BO is base on time.
              It may go up as you predict but will it stay up within your pre-set time.

              With this, you need different strategy, thats why you cant use normal forex analysis.


              I have done a mathematical calculation before that you just need around 55% to break even. So anything above 60% is a nice profit.
              And it is possible.

              I am having around 70% - 85% win rate.

              So it is possible.

              Your second point that i want to touch on is the broker.
              Broker is very important.

              I do not use any of your mentioned broker.
              So all i can say is, if they are giving you problems with their platform, then its time to change.
              I have heard many people including my members who complain about other brokers platform, -platform lag, platform hang, platform screw up etc etc..

              And one of them is whom you have mentioned.

              So bottom line, pick a good broker for you, and learn a winnning strategy.
              It is no scam, it is no trick.
              Yes odds are in their favor, that is if you dont know what you're doing.
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              • Profile picture of the author jprano
                I live in US what brokers are available for me?
                I understand we can not join brokers to trade that are outside US since June 2013.
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                • Profile picture of the author funlol
                  Originally Posted by jprano View Post

                  I live in US what brokers are available for me?
                  I understand we can not join brokers to trade that are outside US since June 2013.
                  also looking for this

                  nadex.com appears to be one for sure, but heard some bad things about them

                  howwetrade.com has a NYC address, they seem legit too
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            • Profile picture of the author shadowbiz
              If anyone is looking at this - DON'T DO IT. They are supposed to have a 70-80% success rate. Their best day with my money is a 50% success day I have done Waaaay better on my own. I built up what they had lost to just over $300 again and half an hour after I turned off they lost $75.00 for me. I don't think they actually have an automated software as they claim - rather someone practicing their trading with other people's money as the timing of the trades was not indicative of automatic trading. No trades during my daytime hours - only overnight

              Advice - STAY CLEAR
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    • Profile picture of the author KingArthur
      Originally Posted by Vadimarket View Post

      I raised that amount to 3.000 and they refused to let me withdraw any money. They said that I was cheating the system, and all I was doing was looking at BBC stocks to predict the currency rate.
      That is why it is gambling to put your money into the ones that are located outside of your own country because they can accuse you of something to keep your money and they know you can not fight them.

      But I would think that these companies would want to keep their noses clean since clients can post negative reviews about them and thus hurt their business.
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      • Profile picture of the author BobSimmons333
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        • Profile picture of the author Newbieee
          Originally Posted by BobSimmons333 View Post

          That is not entirely true because some very respectable companies are now offering binary options such as Alpari U.S. and Alpari U.K. and other respectable brokers also. There are a few other names that I forget, but these reputable names above stick out in my thinking. Options are legal so it does not surprise me that more and more mainstream brokers will be offering binary options.
          Yup you got that right.

          More and more main stream brokers are offering Binary options as well.
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  • I use binary options now and then they can be fun and you can make quick money as well as lose it just as quickly but I have had an overall good experience and made money from them although not much I prefer the more traditional forex trading I can make much more money from it.
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  • Profile picture of the author kaizense
    prefamous, as you are an experienced trader, why would you prefer binary options over the other instruments? If it's leverage there are all the others such as futures, options, spot. Just wondering out loud as it'd be easier to do DD on a stronger brokerage in those cases.
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  • Profile picture of the author Vadimarket
    davisbrands

    I'm just telling you how it is friend, from my personal experience. I have no reason to make these things up.

    And who are "we" exactly I wonder?
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    • Profile picture of the author davisbrands
      Originally Posted by Vadimarket View Post

      davisbrands

      I'm just telling you how it is friend, from my personal experience. I have no reason to make these things up.

      And who are "we" exactly I wonder?
      optionmint.com
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      • Profile picture of the author agmccall
        You can get some decent information at binaryoptionsdaily.com they also have a forum so you can get alot of your questions answered.
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  • Profile picture of the author kia123guy
    I personally trade Binary Options. I enjoy it a lot and even do quite well at it. I agree with someone post also that you need to do your homework and treat this as a business. Give it a try for yourself.
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  • Profile picture of the author tommmi
    [12/10/2012 22:47] Welcome , Account Balance: $

    Account Number: 9/

    Logout Deposit My Account My Portfolio

    14 41 20 GMT time Friday 12.10.12

    Trading Platform

    Most Traded Commodities Currencies Indices Stocks Pairs

    Binary Options Option Builder One Touch 60 Seconds BinaryMETA

    Position ID Asset Strike Price Call/Put Time End Date Expiry Rate Investment Result RETURN

    Open Positions Expired Positions One Touch Positions

    3297671 EUR/USD 1.29815 Call 13:13 12/10/12 13:20 12/10/12 1.29860 $200 won $350

    3295663 AUD/USD 1.02563 Call 11:39 12/10/12 11:45 12/10/12 1.02597 $200 won $350

    3295606 EUR/USD 1.29751 Put 11:37 12/10/12 11:38 12/10/12 1.29738 $100 won $170

    3275699 EUR/USD 1.29314 Put 15:51 11/10/12 15:52 11/10/12 1.29287 $100 won $170

    3272133 EUR/USD 1.29382 Call 14:08 11/10/12 14:09 11/10/12 1.29396 $250 won $425

    3271818 OIL 92.1300 Call 14:00 11/10/12 14:01 11/10/12 92.1850 $100 won $170

    3271742 OIL 92.0950 Call 13:57 11/10/12 13:58 11/10/12 92.0950 $100 tie $100

    3260593 EUR/USD 1.28432 Call 2:21 11/10/12 2:22 11/10/12 1.28434 $100 won $170

    Total Current Profit/Loss: $0.00

    Select the asset you wish to trade.

    Click UP if you think the price will rise above the current level. Click DOWN if you expect the price to fall below the current level.

    Choose the investment amount you wish to trade with - along with an expiry time of your choice and click APPLY.

    Wait for the option to expire.

    HOW TO TRADE

    TRADING PLATFORM Open TradingAccount Account Types Account FAQs Demo Accounts Trading Benefits

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    BANKING& SECURITY BinaryOptionBasics Analysis Techniques Glossary BinaryOptionFAQs Software Walkthrough Advanced Articles Downloads

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    MARKET DATA Letterfrom the CEO OurPersonnel Awards Press CustomerTestimonials Contact Us

    ABOUT US

    anyone can claim who can prove?skype tommmi88

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  • Profile picture of the author jacksprat1
    I like binary options and I believe they can be a part of a diversified portfolio. I would recommend, however, that anyone with US citizenship stay far away from any binary broker located overseas. It has been stated on this thread, they are not regulated, and if you ever have a claim regarding your money, you won't be able to collect. You do not have any recourse without the US government or legal system backing you up.
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    • Profile picture of the author ml3115
      Tommmi

      If you find the time: ml3115@aol.com
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      • Profile picture of the author tommmi
        please pm me
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    • Profile picture of the author caliniph
      If you are a trader and can predict the market then Binary Options is for you. You need to choose a good broker though
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    • Profile picture of the author mharry
      I had a good experience with binary options broker. No doubt i lost first when i started trading binary options. And the brokers require scan of your id inorder to confirm you identity.

      But i do get withdrawal from my broker into my bank account.
      Signature
      Looking for Adswap Partner in Forex/Binary Options Or Make Money Niche

      Adswap from 100 - 2,000 clicks. (Skype me marc.ashwin)
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    • Profile picture of the author katarina1
      I am on OptionBit and I just got my money from them with no problems at all. I invested $200 to start and made some money to get it today on my visa card.They also have bank account option but you have to wait 10 days for that View image: pay.
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      • Profile picture of the author Newbieee
        Originally Posted by katarina1 View Post

        I am on OptionBit and I just got my money from them with no problems at all. I invested $200 to start and made some money to get it today on my visa card.They also have bank account option but you have to wait 10 days for that View image: pay.
        Thats good.

        Congrats to you. =)
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    • Profile picture of the author tedpower
      Hi to all,

      i have trade binary option.
      i have tried several of them 1) banc de binary
      2) interactiveoption
      3) VP binary
      and few more

      From my experiences, all newbie better don't try on this game. End of the day you will sure lose your money. Of course i can't say others all but most of the newbie will sure lose. The game is too risky. Because of this game, I have alreadylost a few thousands.

      Heart pain~~~~
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      • Profile picture of the author Newbieee
        Originally Posted by tedpower View Post

        Hi to all,

        i have trade binary option.
        i have tried several of them 1) banc de binary
        2) interactiveoption
        3) VP binary
        and few more

        From my experiences, all newbie better don't try on this game. End of the day you will sure lose your money. Of course i can't say others all but most of the newbie will sure lose. The game is too risky. Because of this game, I have alreadylost a few thousands.

        Heart pain~~~~
        Yes I agree with you, its risky.

        But with everything else in life there are risks.


        Why do you have a WF account?
        Because you are looking into the IM world right?
        That's a form of business.

        In any business there are investments, and therefor there are risks involved too.

        Either you spend money or time or both.
        Money example would be PPC. Or if you outsource certain things like SEO.
        Time would be if you do your own SEO or you do freelance where people pay you.
        Or both, a mixture.

        Now whatever it is, it may not work out.
        If your PPC campaign doesn't make you money, you lose money.
        You can easily spend $1000s and not get any conversions.

        You can do SEO for 6 months and not get results, or get top ranking but no revenue.

        SO many other factors actually.
        I personally think its worst than trading, but that's my personal opinion.

        So in both examples, you either spent $1000s on a campaign that doesn't profit you or spend 6 months on something that doesn't put food on the table.

        I would say that is high risk too.


        What im trying to say is, whatever you do, there are risk coming in as a complete green horn.
        To reduce the risk of going through the wilderness, its always best to educate yourself.
        Without educating yourself you STILL can be successful, but that's through the school of hard knocks. You need determination for that.

        So again, I agree, if you are going into the markets without much knowledge or experience, you are DOOM to fail. As the famous stats states : "95% of people lose money in trading"

        So by default the odds are against you.
        Without arming yourself with knowledge, its easy to be the 95%.
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  • Profile picture of the author AlmightyGreg
    Binary options... umm where should I start... If you don't know how to analyze or even interpret trading signals there is no point. You have to understand that binary options aren't not a scam by themselves. WHAT IS A SCAM is all of these courses that try to sell the dream of becoming rich by trading ANYTHING. I love everything finances and investing but when I began learning I quickly learned my lesson when it comes to day trading. YOU WILL MOST LIKELY LOSE MONEY if you DAY TRADE INSTEAD OF LONG TERM INVESTING. NEWBS BEWARE
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    • Profile picture of the author freedom888
      Hi members,
      I placed $250 with xptrader a few months ago then i changed my email address.
      I asked them if they could transfer my money to the new email address account.
      Now i cannot get in with any of my emails and they now don't answer my emails at all.
      It seems they have taken my $250. I know it doesn't sound much but as i told them i am on a pension and it's a lot to me.
      Does any body know how i can get my money back? or where i can report them to some authority? I have not done one trade with them yet.
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      • Profile picture of the author katarina1
        Originally Posted by freedom888 View Post

        Hi members,
        I placed $250 with xptrader a few months ago then i changed my email address.
        I asked them if they could transfer my money to the new email address account.
        ...
        Did you changed email address in the members area of your old account or not? Get in your members area with old email and pass and change old with new email.Money is paid back to your credit card or bank account,not from account to account . For support you can use contactus page. Tell them that you want to trade but you have a problem with your email and they will help you.
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  • I tried binary options a few months ago and had a relative amount of success using, would you believe, a FREE system. However everything had to look right before opening a number of positions across at least 4 or five currency pairs so there were more non-trading days than trading. The words of caution that have been voiced regarding choice of platforms are very pertinent! I used TraderRush who processed my withdrawals fairly quickly (after receiving the mandatory ID papers) but my personal experience of TraderXP is don't touch them with a barge pole! I applied for a withdrawal on 16 Oct, sent the necessary ID stuff and I'm still waiting. Every time I contact them they basically take the p**s.
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    • Profile picture of the author KingArthur
      Originally Posted by Charlie Ratcliffe View Post

      I tried binary options a few months ago and had a relative amount of success using, would you believe, a FREE system. However everything had to look right before opening a number of positions across at least 4 or five currency pairs so there were more non-trading days than trading..
      Please point us to this free system.
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  • Profile picture of the author daveaball
    Your better off playing blackjack I was using 24 options and its no con but unless you have some good guides to start with you will prob be out of pocket.
    I found one on eBay that was very good but decided even at that it was to risky for me
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    • Profile picture of the author tommmi
      don,t invest if you want sure win when you invest money management your trade .question do you want to miss this biggest trend some people say it the next biggest thing after forex.of course if you want to trade on your own please go ahead .there an old saying i rather ride on a horse to finish line than to chase the horse to the finish line what do you think is easiler .sorry if you guys are looking for me please add me to skype tommmi88.
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  • Profile picture of the author normahl
    I have been into binary options now for a long time. Been losing a LOT in the beginning. Nowdays I can trade profitably.
    You have to know that binary options is not a "over-night" thing. You have to trust the process of your Money management, strategies/signals.
    And the most important part is choosing the right broker.
    I recommend brokers from SpotOption as they are regulated. Such as Banc de Binary, Banc de Swiss.

    BR
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    • Profile picture of the author georgebush
      just to let you know that banc de binary is NOT regulated -- i have not found any binary options brokers that are reliable and plan to stay away and stick to forex trading instead.

      forexpeacearmy has plenty of reviews on all of the well known options brokers and none seem reliable or trustworthy
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  • Profile picture of the author erumsf
    Binary options are a relatively new investment vehicle in which a trader can bet on the asset displaying several price behaviours or not displaying such behaviours, and get a payout depending on whether the asset behaviour was correctly predicted or not.
    The word ‘binary options’ means ‘two options’, meaning that at any given point in time, the trader has two options to choose from. Binary options go by several names. They are also called digital options, and because the returns on a trade are set before the trade is executed and cannot be changed, they are also called “fixed return options”. Binary options are also called ‘all-or-none’ options because of the nature of the payout: it is either the trade is in the money and the trader wins it all, or the trade is out of the money and he wins none.
    The price of a binary bet is displayed as an index between 0 and 100. If the event which is being bet on happens, the bet is settled at 100, if it does not happen the bet will finish at 0.
    The Binary Betting Broker will quote a price on the event and if the bettor thinks it will happen they will buy the bet, if they don’t think it will happen they will sell the bet.
    The best way to explain this form of financial betting is to give an example of one of the most basic forms of binary betting and that is an ‘Up or Down’ Bet.
    Imagine the scenario, it is 3.30 pm and the FTSE is currently standing at 5400. The market closed yesterday at 5425 and the broker that you are using is quoting the binary ‘FTSE to Finish Up’ price at 24 – 26.
    In your opinion you believe that the FTSE will start to rise towards the closing stages of the day’s trading so you decide to buy the ‘FTSE to Finish Up’ binary at £20 per point at the price quoted of 26. In this instance your judgement proved to be correct as the FTSE finished at 5450 so you win £1480 (100 – 26) = 74 x20.
    As long at the FTSE finished up the bet will be settled at 100, if it had not gone up your bet would have been settled at 0. So, if the FTSE had not gone up by the close of business on that particular day you would have lost £520. That is calculated by multiplying the price which is 26 by the stake which is £20.
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  • Profile picture of the author Gubaru
    It seems what Tommi doesn't disclose is it takes $5000 to open up a Brokers account on Banc De Binary. I'm not discounting his success because he posts it Very Often on other threads but it seems there are a lot of new traders that would like to crawl before they can walk if you know what I mean.. How many people have $5000 for a brokers account in order to get Signals to trade? Do you have any alternatives for newbie traders without opening up a brokers account in order to get trading signals? Let me know Tommmi
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    • Profile picture of the author tommmi
      Look guys you can open an account to trade with any broker but question is can you actually make money that all open a broker account is my choice I make use of the service to help me live trading I have my own system to trade not totally depend on signal as you can see actually broker don, t give 60 sec trade.i am not hiding anything I am just suggesting what I do if you don't like it please find another way do you want to spend $197 monthly on signal service that don, t work please go ahead anyway what ever I deposit is still my money I already withdraw it long time ago that what important right
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  • Profile picture of the author shahbaz94us
    i invested my money in traderush, but lost it after some days, its is STRAIGHT gambling.
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    • Profile picture of the author tommmi
      Originally Posted by shahbaz94us View Post

      i invested my money in traderush, but lost it after some days, its is STRAIGHT gambling.
      i think you are not suitable to trade ,what is not gambling? stock ,forex or any other investment vehicle .if you whine please don,t trade there is no such think as sure win if not who would bother to work 9 to 5.it take year of experience and lots of losing before you can achieve result just like internet marketing so how many people actually make money (i mean a living).honestly i have been at trying internet market from 2004 when adsense was just starting and adword can be $0.05 cent make some money initially but you know the story after that .but i am still trying today (still peanuts from internet marketing)but hey it is the learning that count .as least from trading you do not need do so much work you either win or lose that all
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    • Profile picture of the author GoToBinary
      Originally Posted by shahbaz94us View Post

      i invested my money in traderush, but lost it after some days, its is STRAIGHT gambling.
      Please read my latest post in this forum section! If you do not educate yourself, you will think its gambling... Educated, High Probability trades setups that increase your odds of ending In-The-Money. Learn to read the markets.

      Hope this helps!
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      • Profile picture of the author Newbieee
        Originally Posted by GoToBinary View Post

        Please read my latest post in this forum section! If you do not educate yourself, you will think its gambling... Educated, High Probability trades setups that increase your odds of ending In-The-Money. Learn to read the markets.

        Hope this helps!
        exactly man.

        If someone doesnt do research on the job he is getting into, its also a gamble, you never know what might happen.

        Buying a property for investment is generally a good way to make money if you have the money, but its also gambling IF you dont do your homework to find out what are the future development in the near future.

        Having said that, there are many people making money of BO trading, and day trading, do you want to educate yourself to know HOW the markets tick and be part of those who profit?
        Or u want to be part of the group who whine and cry about losing but dont want to invest time into learning how markets tick.

        Its simple.
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        • Profile picture of the author GoToBinary
          Originally Posted by Newbieee View Post

          exactly man.

          If someone doesnt do research on the job he is getting into, its also a gamble, you never know what might happen.

          Buying a property for investment is generally a good way to make money if you have the money, but its also gambling IF you dont do your homework to find out what are the future development in the near future.

          Having said that, there are many people making money of BO trading, and day trading, do you want to educate yourself to know HOW the markets tick and be part of those who profit?
          Or u want to be part of the group who whine and cry about losing but dont want to invest time into learning how markets tick.

          Its simple.
          Amen my friend! I am very glad you see it the same way I do!

          -----------------------------------------------------------
          If anybody is new, or want to know more about Binary Options Trading, please add me on skype as I am happy to assist and help you!
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  • Profile picture of the author tommmi
    Name: kong 2013 January 10, 23:59Closed Transactions:
    TicketOpen TimeTypeSizeItemPriceS / LT / PClose TimePriceCommissionR/O SwapTrade P/LNo transactions0.000.000.00
    Deposit/Withdrawal: 0.00Credit Facility: 0.00Closed Trade P/L: 0.00Open Trades:
    TicketOpen TimeTypeSizeItemPriceS / LT / PPriceCommissionR/O SwapTrade P/L21026413762013.01.02 11:18buy0.05usdjpy87.16486.50093.00088.7630.000.00 90.0721026799702013.01.08 05:15buy0.05audjpy91.94591.00095.00094.0640.001.41 119.360.001.41209.43Floating P/L:210.84

    if you can trade on binary option, forex trading will be a piece of cake above are result of a normal forex account from fxdd .i can easily hit $1000 daily i have a few account i make use of experience from binary
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  • Profile picture of the author tommmi
    every investment is just glorified gambling,so mate how much are you making now thanks
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  • Profile picture of the author luiz
    There's a lot of untrusted Binary Options sites, I agree but there's also some good one out there for example 24option or Banc de Binary. Banc De Binary even get regulated by cysec lately.
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  • Profile picture of the author tommmi
    To believe honest whether they are regulated is just a matter of time question is whether we should take opportunity or risk before we trade what is important is whether we can make trade to win or not that what important
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  • Profile picture of the author tommmi
    Anyway some people ask me how am I doing well I just withdraw $3000 from binary and $2000 from normal forex account thanks to mr yen and mr eur so how you guys doing monthly
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  • Profile picture of the author Obs3rver
    I do a lot of binary options trading, and it is definitely not a scam. My advise is to pick a particular index, currency pair or commodity, and just trade that to start of with until you are really familiar with it. As far as companies that are safe to work with, NADEX all the way. They are US based, regulated, and they don't need to scam you because their business model isn't based on whether you win or loose.
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  • Profile picture of the author tommmi
    I saw someone claiming to be first binary option trading millionare what do you guys thinks
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    • Profile picture of the author socomplete
      I've been trading binary options, and I have a 60% win ratio, trying to get it higher, once again, it's not overnight, you have to learn how to trade first, and once you trade enough, and educate yourself first you might become a profitable trader.
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      • Profile picture of the author Newbieee
        With BO, everything is the same, there is work involved, there is due diligence on ur part.

        There is no "easy" road.
        There is nothing guaranteed.

        Nothing is guaranteed.
        for those looking for sure easy guaranteed way to make money, go get a job, online isnt even for you. :p

        Even then, having a job is no easy work, neither is it sure way to be rich, n neither is it a guarantee as u could lose ur job, but at least if u keep ur job, u can be sure to get ur salary at the end of the month.

        So if u want something like tat i recommend getting a job.
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  • Profile picture of the author TrafficBot
    Binary options trading is constantly evolving and what worked yesterday doesn't necessarily work today. I have dabbled with this trading concept and have actually discovered a system I've been successful with that may actually beat those greedy brokers here:

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    • Profile picture of the author Newbieee
      Originally Posted by TrafficBot View Post

      Binary options trading is constantly evolving and what worked yesterday doesn't necessarily work today. I have dabbled with this trading concept and have actually discovered a system I've been successful with that may actually beat those greedy brokers here:

      How To Use Traders Choice And Banc de Binary Broker To Profit With Binary Options - YouTube

      You know what, im just amazed at how someone can really do this.

      If there is a slap button, i would press a million times for you.
      I dont usually am that offensive, but i feel this is a PERFECT time for this.

      If there is a zap button like in other forums, i would zap you a million times over.

      Seriously.
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      • Profile picture of the author Newbieee
        I wanted to debate nicely with you on your "special" method.

        But i just had to let out that offensive post. Just had to.

        Its people like you who give BO or affiliates a bad name.

        Traders choice is not for you to blindly use like that and just double up each time.
        That is just gambling.

        And of cos you dont care. And i didnt bother to see if you had any links in your video on youtube or your website, but thats how u earn, cos u know its a BS idea to be used as a method that u give out free, u know that with martingale their trade volume will be high, and used blindly, they will lose over time.
        All u care is the commission that the Broker pays you for every trader u recommend.

        ------------------------
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        • Profile picture of the author Newbieee
          Ive looked tru ur other posting.

          U seem like a normal guy, not those who post just to promote certain things.

          Can i ask you, do you trade BO yourself for real?

          And do you use this system?

          And do you promote Bbinary.com?

          And is that ur video or u are using someone else video and tot it was good.

          If it was someone else's video and u just tot it was good, then i apologise here publicly.

          If its urs then u are misleading people down a profitless road.

          ----------------
          edited: actually i found that u posted this b4, my goodness.
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  • Profile picture of the author John Pawlett
    Binary Options are a fantastic way to earn a very substantial full time living working a few hours a day - they are also the easiest way I have ever seen of burning through your savings if you don't know what you are doing.

    The trouble with most people is they want life to be easy and make a quick buck, marketers are in plentiful supply to sell that dream (after all we are on a marketing forum and we all know how to do that) you need to take off the consumer hat and put back on the marketers hat and look beyond what is been sold to you.

    Trading like any other profession needs to be learn't, most of the time you are going to pay for that education, if you think you can earn a million dollars a year without spending some time and money on your education then you are delusional you will just join the ranks of all the others that have crashed and burned trying to trade options.

    Brokers actually earn their money when you lose! yet most people listen to their advice when it's obvious there is a conflict of interest.

    They also supply you with nice looking graphs to help you analyse the market direction like the one below:


    If you think you can make an informed decision on a chart like that then good luck you are really going to need it!

    I have included an image of a chart I use to make a decision, I look at a minimum of 6 indicators on price movement before I place a trade and I can still get it wrong sometimes.


    To give you an idea how lucrative Binary Options can be I have included the results of a training session with a student yesterday, it had a fairly typical 90% success rate and would have produced a profit of $7,280 had we been trading for real money.


    One thing I would advise anyone who is just starting off is never to trade using your own money until you have learn't how to trade successfully first using a dummy account, I spent at least a month on a dummy account before I had perfected my strategy.

    You also need to set yourself rules, here are mine for trading successfully:

    Top 10 Rules for Successful Trading

    1. Don’t mix alcohol and trading!
    2. Don’t chase your losses
    3. Never trade on only one indicator
    4. Don’t trade for the sake of trading
    5. Never trade on the news (before and after is great)
    6. Don’t trade on low volume markets
    7. Educate yourself daily
    8. Never use money you can’t afford to lose
    9. Don’t trade with a broker until you have your fund withdrawal paper work in order and always trade with more than one broker and withdraw your money regularly
    10. Never try to predict the market – wait until the market shows you what it’s going to do

    If there is any call for it I will start to update fastgrowth.co.uk with some tips and strategies to help you from getting burned.

    I hope you found this useful.

    Kind regards

    John
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    • Profile picture of the author Tomas Lodén
      Very interesting! Ive been doing the H4 FX trading (mostly naked candlesticks) for some years now with good results and would really want to learn more about binary trading so please keep em coming. Im gonna keep a close eye on your site =) Ohhh what indie are you using, talking bout the one with the arrows.
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    • Profile picture of the author Newbieee
      Originally Posted by John Pawlett View Post


      Top 10 Rules for Successful Trading

      1. Don’t mix alcohol and trading!
      2. Don’t chase your losses
      3. Never trade on only one indicator
      4. Don’t trade for the sake of trading
      5. Never trade on the news (before and after is great)
      6. Don’t trade on low volume markets
      7. Educate yourself daily
      8. Never use money you can’t afford to lose
      9. Don’t trade with a broker until you have your fund withdrawal paper work in order and always trade with more than one broker and withdraw your money regularly
      10. Never try to predict the market – wait until the market shows you what it’s going to do

      John
      Hi there John,

      Great advices and tips.
      Really, but what i would like to point out is that these are general tips.

      The problem is that you cant really apply general tips to specific situations.
      So i wouldnt go as far as to say all this are rules, but just tips to take note.

      My comments :
      1. Don’t mix alcohol and trading!
      [Amen to that! in fact, dont mix alcohol with anything! Even diff kinds of alcohol when mixed can kill you]
      2. Don’t chase your losses
      [So true, this applies to people using martingale]
      3. Never trade on only one indicator
      [Actually i have been successful with just 1 indicator/method. But i learnt more just becos i was interested in learning. Not that it wasnt enough. Its just like IM, stick to 1 indicator/method until u understand it and make it work for you, if it really doesnt then move on.]
      4. Don’t trade for the sake of trading
      [YES! Totally 100% agree! THIS IS A RULE no matter what, it applies to all. ]
      5. Never trade on the news (before and after is great)
      [The famous saying goes, fools trade the news, geniuses trade the reaction. But again if you know how to intepret the news, you could. It depends what method u use.]
      6. Don’t trade on low volume markets
      [i do have 1 method that looks for low volume markets and its quite profitable i must say]
      7. Educate yourself daily
      [Yes this is good, but not a rule. I do it becos of my interest in the financial markets and its more important to take action daily too, not just stuff ur head with info]
      8. Never use money you can’t afford to lose
      [Definitely! 100% agreed! Another point justified as a rule!]
      9. Don’t trade with a broker until you have your fund withdrawal paper work in order and always trade with more than one broker and withdraw your money regularly
      [Very wise, this are very wise words]
      10. Never try to predict the market – wait until the market shows you what it’s going to do
      [This must be explained with exact situation, because generally it would make sense too if i say that if you wait for the markets to show u what its gonna do its probably too late. ]

      But generally good advices.
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  • Profile picture of the author John Pawlett
    Hi Tomas

    Don't really want to hijack the thread with technical 'stuff' just drop me a skype or PM and I'll let you know.

    John
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  • Profile picture of the author stefan007
    Binary options well some say its gambling and some say its a great business. Fact is there are two options for every trade you can win or you can loss.
    Question is can you achieve a over 80% winning rate? If not you will have a problem to make big money.
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    • Profile picture of the author Newbieee
      Originally Posted by stefan007 View Post

      Question is can you achieve a over 80% winning rate? If not you will have a problem to make big money.
      Not really.. if you do the math, and if you go for the reputable guys, the payouts are from 75% to 85% for each trade.

      If you take 75% payout for calculations, at 65% win rate you would be in profits already.
      And the amount of profit depends on your trade volume.
      Just to prove my secondary point, 1% of $100 is $1.
      1% of $1,000,000 is $10,000.
      I would say $10,000 is big money.
      $1 is small change.
      But both is 1%.
      It boils down to your trade volume if you have consistent winning rate. [which is possible]

      And if you take 85% payouts for calculation sake, with a 55% win rate u would have broken even with a small % of profit already.

      So your figures of 80% win rate for profits calculation is just exaggerated.
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      • Profile picture of the author GoToBinary

        This is a very funny video by LotzofBotz - FREE education and signals via live screen share!

        Hope you guys enjoy the video.
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  • Profile picture of the author fatih bulut
    i have a website on which i listed many binary options and forex brokers. Naturally i am affiliate of them.

    Most of them are legit but there are always some scammers around.

    2 years ago, one of these binary options brokers (=BoCapital) came and asked me to be their affiliate. they offered me $200 CPA and i said ok then placed their banner on my site (this one was in IM niche tho).

    I managed to generate 16 leads and 2 depositers so i earned $400. That seemed very profitable. I would go further and place more or bigger banners or even buy paid traffic. But i wanted to make sure first if they dont cause any withdrawal problems.

    So i emailed them when they will make the payment. They sent me an email days later and were saying that they would be making the payment by 15th of each month.

    i just waited but there was no payment.. i sent several more emails but there was no answer this time. i even called the phone number on their official site. They said that they would investigate the issue.

    2 years went by without getting paid and i forgot everything.

    1 month ago they came to me again by contacting through my new website which is about binary options and forex brokers.

    This time i had the thrump card against them and i used it very smartly and told them to make my payment immediately if they wanted to do business with me and by going so far as to threaten them by saying that i would share this experience with the visitors of my website lol.

    It worked and i got my payment a weak afterwards. And they asked me to do more business but this time i just ignored them.

    So after 2 years i got what i earned.

    It is best to choose the best broker and regulated ones especially.
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    • Profile picture of the author Newbieee
      Originally Posted by fatih bulut View Post

      i have a website on which i listed many binary options and forex brokers. Naturally i am affiliate of them.

      Most of them are legit but there are always some scammers around.

      2 years ago, one of these binary options brokers (=BoCapital) came and asked me to be their affiliate. they offered me $200 CPA and i said ok then placed their banner on my site (this one was in IM niche tho).

      I managed to generate 16 leads and 2 depositers so i earned $400. That seemed very profitable. I would go further and place more or bigger banners or even buy paid traffic. But i wanted to make sure first if they dont cause any withdrawal problems.

      So i emailed them when they will make the payment. They sent me an email days later and were saying that they would be making the payment by 15th of each month.

      i just waited but there was no payment.. i sent several more emails but there was no answer this time. i even called the phone number on their official site. They said that they would investigate the issue.

      2 years went by without getting paid and i forgot everything.

      1 month ago they came to me again by contacting through my new website which is about binary options and forex brokers.

      This time i had the thrump card against them and i used it very smartly and told them to make my payment immediately if they wanted to do business with me and by going so far as to threaten them by saying that i would share this experience with the visitors of my website lol.

      It worked and i got my payment a weak afterwards. And they asked me to do more business but this time i just ignored them.

      So after 2 years i got what i earned.

      It is best to choose the best broker and regulated ones especially.

      Exactly, allow me to be blunt, but this wouldnt have happened if you didnt promote a broker that you didnt personally used.

      But then again, if you are just putting banners than ok, but if u are recommending it to your visitors then i would say u deserve it. =P

      Anyway, always go for the big guys, long history, regulated and brand trustworthy.
      No reason for going to small start ups with no history.
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  • Profile picture of the author GoToBinary
    Originally Posted by michaelfreeman View Post

    The In The Money payout is not the only thing you must consider, Anyoption for example will pay %15 on losing trades and %70 on winning trades (which means that you are actually getting %85...which is the industry highest, such as with some of the options available on the 24option platform).

    Mike
    Hi Mike, Don't understand how you can say Anyoption provides 85%... Giving 15% of an OTM trade or 70% on ITM trade does not give you 85% payout. Either 70% or 15%. But I see what you are trying to explain
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    • Profile picture of the author GoToBinary
      [DELETED]
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      • Profile picture of the author tommmi
        Well they working on it but actually only broker listed on the cftc can trade with us client so any broker by right are not suppose to take us client .By the way i have know a guy who make 60% to 200% per month with live prove daily if you guys are seriously interested i can link you up but won't be small account .please add me to skpye tommmi
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        • Profile picture of the author socomplete
          [DELETED]
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          • Profile picture of the author GoToBinary
            Hi, 172 pips In-The-Money?

            I think you mean 17.2 pips. A pip is the 4th - 0.0001 = 1 pip 0.00001 = 1 pipette
            On the JPY pairs the second digit is a pip 0.01 & 0.001 = 1 pipette

            So you won by 17.2 pips mate. The USD/JPY does not move 172 pips in 9min

            Cheers
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  • Profile picture of the author rissah02
    Hi All just wondering if anyone has ever heard of or use binary signal pro.
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  • Profile picture of the author GoToBinary
    Originally Posted by michaelfreeman View Post

    Two reasons why many traders are bound to fail no matter what strategy they follow with Binary Options Trading:

    1) bonus offers will restrict the trader into a 'volume of trades' required in order to qualify for a cash withdrawal, which means that if for example you deposit $500 into your account you will need to generate between $7,500 to $15,000 volume of trades winning/losing it counts against the bonus restriction. The problem is that for a new trader to generate some a high volume of trades would take months!

    2) Going with a scam company, a broker who will ignore your withdrawal requests, manipulate expiry and provide you with a terrible looking interface. Lately I've been receiving tons of complaints on EZBinary - EZbinary.com, it appears that they ignore withdrawal requests for accounts 'not set up with a bonus'...I don't know what you want to call it..but I call it theft.
    Check out my full list of Black-Listed Binary Options Platforms on my blog. I also made a video review on EZBinary and hopefully traders will watch it before throwing their money away with these scam artists.. Mike
    https://www.youtube.com/watch?v=ddMMDrSYk4Q
    Need help with your blog layout and look? DROP me a PM...
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  • Profile picture of the author tuxedocat
    Since signing up with VIPBinary & depositing a chunk of cash & following their video method, I've learned a few things:
    1) Their platform is slow & unresponsive( accessed from multiple pcs, always with the same result).
    2) Their people are really only interested in you putting more & more cash in.
    3) There are regularly scheduled calls from a 'manager' who lets you know that if you deposit a large amount of cash he can almost guarantee a profitable experience.

    After eventually losing almost all my money I would caution you about binary options. I've since seen much more sophisticated platforms. Do your homework! Research, research, research!
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  • Profile picture of the author Vadimarket
    Omg people, are you serious??!

    This thread still haven't been nuked?!

    Ok, listen up, and I really mean it, because you people srsly need to listen to me!!!!

    Trust me, your life would be so much easier, if you listen to everything I say, and do exactly what I say!!!

    Binary options is not a TRADING SYSTEM people, it's GAMBLING! Now, I actually like gambling myself as long as you know what you're doing (poker, black jack etc.) Those "binary options" are basically cloaking the gambling scam within the respect of ability of you making an investment. And it's not. This is not an investing. Investing is when you actually buy a stock that pays a good dividend and then re-investing those dividends into making more shares. It's called compounding btw, so you know.

    All of the trading platforms are located outside the US ( i.e Banc De Binary - Israel, TradeRush - Cyprus etc).

    Doesn't that surprise you at least a bit, that not a single one of these platforms are located in the US?

    Holy crap. It really amazes me that people are still fall for this scam in this day and age.

    This "binary options" are gonna die pretty soon trust me, especially in the US

    Like being said earlier, it's IMPOSSIBLE to withdraw your money from any of these platforms.

    This is the best advice that you hear from anyone on here: STAY AWAY FROM IT (unless you wanna lose all your money)

    Forget the morons that say it's legit. It's not! They're probably either affiliates, or the owners of a platform themselves. It' impossible to get 70% of investments in just a few minutes. That's not how it works!

    The thing is a 100% SCAM.

    They might actually let some people withdraw a couple of hundred bucks, so they can jump up, and tell everyone how of a great money making method binary options are, so more people would be sucked into. That's a part of their advertising business!

    90% of binary "traders" don't make a penny. And like being said, they're located in third world countries, so there is no way to get to them.

    This binary crap doesn't make any sense to begin with. You just take a guess whether the stock goes up or down and you wait until the expiration. It's pure nonsense, you don't trade anything! It's like that stupid card game when you pick whether a card goes high or low.
    If you think that's a good investment, then you really should give me all the money you have left, and I'll make a real investment for you, because you obviously don't know how to do it.

    You know what? Just watch this video. It'll tell you everything you need to know about it!

    BINARY OPTIONS HOW TO LOSE A FORTUNE. JUST MAKE A DEPOSIT! - YouTube (not created by me)

    Have a great day.
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    • Profile picture of the author GoToBinary
      Originally Posted by Vadimarket View Post

      Omg people, are you serious??!

      This thread still haven't been nuked?!

      Ok, listen up, and I really mean it, because you people srsly need to listen to me!!!!

      Trust me, your life would be so much easier, if you listen to everything I say, and do exactly what I say!!!

      Binary options is not a TRADING SYSTEM people, it's GAMBLING! Now, I actually like gambling myself as long as you know what you're doing (poker, black jack etc.) Those "binary options" are basically cloaking the gambling scam within the respect of ability of you making an investment. And it's not. This is not an investing. Investing is when you actually buy a stock that pays a good dividend and then re-investing those dividends into making more shares. It's called compounding btw, so you know.

      All of the trading platforms are located outside the US ( i.e Banc De Binary - Israel, TradeRush - Cyprus etc).

      Doesn't that surprise you at least a bit, that not a single one of these platforms are located in the US?

      Holy crap. It really amazes me that people are still fall for this scam in this day and age.

      This "binary options" are gonna die pretty soon trust me, especially in the US

      Like being said earlier, it's IMPOSSIBLE to withdraw your money from any of these platforms.

      This is the best advice that you hear from anyone on here: STAY AWAY FROM IT (unless you wanna lose all your money)

      Forget the morons that say it's legit. It's not! They're probably either affiliates, or the owners of a platform themselves. It' impossible to get 70% of investments in just a few minutes. That's not how it works!

      The thing is a 100% SCAM.

      They might actually let some people withdraw a couple of hundred bucks, so they can jump up, and tell everyone how of a great money making method binary options are, so more people would be sucked into. That's a part of their advertising business!

      90% of binary "traders" don't make a penny. And like being said, they're located in third world countries, so there is no way to get to them.

      This binary crap doesn't make any sense to begin with. You just take a guess whether the stock goes up or down and you wait until the expiration. It's pure nonsense, you don't trade anything! It's like that stupid card game when you pick whether a card goes high or low.
      If you think that's a good investment, then you really should give me all the money you have left, and I'll make a real investment for you, because you obviously don't know how to do it.

      You know what? Just watch this video. It'll tell you everything you need to know about it!

      BINARY OPTIONS HOW TO LOSE A FORTUNE. JUST MAKE A DEPOSIT! - YouTube (not created by me)

      Have a great day.
      "Ok, listen up, and I really mean it, because you people srsly need to listen to me!!!!

      Trust me, your life would be so much easier, if you listen to everything I say, and do exactly what I say!!!" SERIOUSLY?? Who are you and what do you even know about Binary Options???

      It is a legitimate way to earn money trading online! Brokers are regulated in the EU and UK!! They are not located in the US, correct, but does that make the whole industry a scam? Hell No!

      How can it be gambling if you are able to look at charts, real live charts showing asset market prices and calculate/predict the movement of price?

      We are not taking trades based on luck, maybe you did, thus losing your money, thus feeling cheated due to not understanding the concept behind it.

      Even if it was gambling, what is wrong with it then? Makes it no different then normal online gambling? And you stated you like gambling. lol... YES there are brokers that scam people just like all these clickbank products people buy and promote. So what makes it any different then any online industry then? Each niche, industry has a group of people trying to scam.

      Do yourself a favor and visit our live trading room, where you can see live trades and profits being made! Its free and open to all. Binary Options Live Chat | GoToBinary | Binary Options Trading 2013

      Labeling the whole industry that started in 2008, now getting regulated and moving forward a scam, without education yourself, watching a youtube video that states its a scam (using a scammy broker as an example in the video) does not make Binary Options Trading a scam!!

      Regards
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      • Profile picture of the author GoToBinary
        LMAO "Forget the morons that say it's legit. It's not! They're probably either affiliates, or the owners of a platform themselves. It' impossible to get 70% of investments in just a few minutes. That's not how it works!"

        Just had to add this part as well. In a casino playing blackjack. you best $50 if you win, you make $50 = 100% return on investment.

        Forex trading, 10pip SL @ $1/pip. market moves 20pips in 10min = 100% return on investment.

        2 examples showing you can make 100% ROI in a few min. So what makes Binary Options different? Seriously, get your facts straight man!
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  • Profile picture of the author t3cn1c0
    Binary option is an speculative investment. Just put some spare money that you have if you want to try it. It is not a smart way to invest your savings into it. Find other investments, but if you want to spend money why not put it in PPC etc.
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  • Profile picture of the author MaroshIS
    Binary options is just a pure gambling with lots of sneaky tricks and deposit withdrawal problems. Stay Away! It is far from an intelligent wealth building.

    On the other hand, in forex trading for example you can manage the risk easily by using Stop-Loss orders for example.

    P.S. How many famous binary option traders have you heard of recently ? I don't know any.
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  • Profile picture of the author Newbieee
    Originally Posted by mollymarkiewicz View Post

    If you do trade in Binary Options, DO NOT ACCEPT THE BONUSES!
    Depends on your game plan and how u look at it.
    If u are in the long term, taking bonus will not hurt u.
    If u are in the short term then yes dont take the bonus.

    My advice would be you can take the bonus to increase your chances to sustain in this "game". It gives you more buffer.
    But of cos u cant withdraw if you havent meet the turn over requirement.

    But if you want to withdraw some money as you profit in the early stages [which is not advisable] then dont take the bonus.

    But think of it this way, if u have the ability to win consistently why be afraid of the turn over requirement. ?
    The free money u take can be multiplied.
    So it depends how u see the bonus.

    This is a break down of how bonuses are not all that scary.
    I deposited $250 in 1 account.
    I get $250 bonus money which means i have $500 altogether.

    My turn over requirement is $500 X 20 = $10,000 of trading volume.
    I open an average of 10-20 trades a day each using $25.
    That gives me a trading volume of $250 - $500 a day.
    Thus in 20 - 40 days i would have met the requirement.




    Originally Posted by tommmi View Post

    There right no bonus need to trade 20 times of account size before withdrawal unless you are dawn good
    Yea i would like to think i am!
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  • Profile picture of the author Newbieee
    Originally Posted by Ahlairiue View Post

    I used to do binary options a little while back and there's a strategy to it and can be profitable but as some have already said it get's to the point where it because gambling because you just want to keep betting a lil higher and higher and higher. Then that's when you lose everything you have gained; the odds are not in your favor for the long haul.
    Hi

    Yes i agree that that is the problem.
    But what u just explained is a problem that lies with the person.
    Not the industry or system.

    I can be investing in the stock market, but if i chase my loses as well and become an emotional trader, that is gambling too.

    Gambling and investing is actually a verb and not a noun.
    It describes an action. Not an industry or system.
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  • Profile picture of the author smartzrank
    I deposited 400$ in winoption but lost my complete money. I tried many signals and system all i can say that all those systems are scam. Nothing can predict market flow specially hourly or half our this is almost impossible.
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  • Profile picture of the author Coronald
    I know I probably sound like another "armchair expert" when I say this but any legitmate trader will refer to "binary options" as Binary Betting because that's what you're actually doing. you're looking at stocks, commodities, and currencies and Betting on their future rate at a specified expire time.

    Anybody hawking some video of them making thousands of dollars off of short-term expire tickets (say like 60 seconds in the future, up to about an hour or two) is just trying to get some affiliate money from you.

    Legitimate Binary Betting involves a great deal of understanding of technical analysis, and an ability to analyze and forecast market conditions from news sources. It's probably the simplest stock market related service, but it is still involved and complicated. From my own research, most people will mostly do "day trading" either waiting for a strong uptrend or downtrend, and locking in a Call (up) or Put(down) option at the right time. you can also hedge your bets when certain major financial announcements might be made that would impact the market. However, your are still betting, gambling.

    I am actually trying it out on a few platforms myself. Was doing pretty well at first, but luck is not a winning strategy. I'd recommend doing some reading on how stocks work, how technical analysis is done etc. Then before you put any money down either get a demo account (which some brokers offer) or just do "dry runs" for a while, where you make a wager and see if it would have paid out or not.

    The temptation to up the ante when your doing well is also a problem. an effective long term strategy with strict rules should be in place. Otherwise you'll make $200 dollars in small trades, decide to go all in with that profit on one trade and probably lose it all (which I did one day, sadly)

    either way, you have to have, generally speaking, about 70~73% win rate to make any real profits. It is also definitely not a reliable primary income source.
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  • Profile picture of the author wooja
    What some people here fail to mention is that even trading regular stocks and stock options on the stock market is risky. Actualy, ITS JUST AS RISKY AS TRADING BINARY OPTIONS.

    If you buy a regular stock option and it expires under the strike price you bought, IT WILL BE WORTHLESS and you will have lost your entire investment. The only difference is that with stock options you're actually buying the right to purchase stocks and you can exercise that right upon expiry. You can also sell your stock option at a profit or loss on the stock market with stock options.

    With binary options, you get a perdetermined payout if your option expires in the money, but almost nothing if it expires out of the money. With binary options, you get the same payout if the stock is 0.01% higher than the strike price upon expiry and if it's 200% above expiry.
    With stock options, your profit is exactly the difference between the stock price and the strike price upon expiry x 100 (one stock option is usually for the purchase of 100 stocks).

    The bottom line is that the stock market is risky. Whether you're buying stock, stock options or binary options, they're all risky. If you know how to trade the market and can perform technical analysis, you can make a lot of money with both. Binary options generally require less capital in order to profit, and are just as risky.
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  • Profile picture of the author tommmi
    Well have not been on for while I still trading binary if you ask me binary option is a trading tool if you talk to someone who winning they will tell you how great a tool it is but if you a beginner you tend to lose more than you win that a fact question is can you make money from definitely that depend how good are you right well contact me at skype tommmi88
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  • Profile picture of the author Newbieee
    Wow, didnt had the time to follow this thread recently.
    Seems like alot of action here.

    No time to read so much, just gonna comment on some and leave the rest for another time.

    Originally Posted by t3cn1c0 View Post

    Binary option is an speculative investment. Just put some spare money that you have if you want to try it. It is not a smart way to invest your savings into it. Find other investments, but if you want to spend money why not put it in PPC etc.
    Originally Posted by MaroshIS View Post

    Binary options is just a pure gambling with lots of sneaky tricks and deposit withdrawal problems. Stay Away! It is far from an intelligent wealth building.
    Well, normally i will go into long debates, but because of time.....

    Ppl can call it whatever they want, or say whatever they want with it, but Hey tell that to someone [cough cough, like me] who is making money from it and see if he cares. =P

    Its like MLM or Internet Marketing even, your families say "go get a real genuine day job, put your feet on the ground etc etc.." "Stop dreaming about working from home and get out there and work your ass!"

    But imagine telling that to someone who is already making money online.
    Does it matter? You can call it scam, not real job, not genuine work, bla bla bla.
    But end of the day he is getting the dough.

    Originally Posted by t3cn1c0 View Post

    P.S. How many famous binary option traders have you heard of recently ? I don't know any.
    Well, you are putting the cart in front of the horse.

    I for one will not tell you that you will be a millionaire or a billionaire doing BO.
    And in this day and age, being a millionaire will still not get your name known.
    You need to be a billionaire now to be known for what you do.

    So having said that, will a few extra hundreds or thousands help you?
    With little money invested, less risk, less time on learning and trading.
    Will it help you out?

    P.S - i love it when ppl use PS.
    P.P.S - I dont know any billionaire or famous high school teachers, does it mean its a scam job, its less respected, or you cant make money being one?
    P.P.P.S - Vice Versa, Warrant buffet is famous for being rich investing, does it mean anything to you ? Does it mean going into investing stocks etc will make you rich?
    All this means nothing to an individual, is what you make out of it.




    Originally Posted by smartzrank View Post

    I deposited 400$ in winoption but lost my complete money. I tried many signals and system all i can say that all those systems are scam. Nothing can predict market flow specially hourly or half our this is almost impossible.
    Im sorry for your losses.

    Its normal to give up hope after failing.

    Before you give up, pls give yourself 1 more chance at it.
    I really feel for people who spend money on signals because i dont believe in them, BO is for short term trading, signals are not effective.
    Signals are more for long term.
    So i want to help you. [i know it sounds fake, but.... its up to you]
    Im launching a BO trading course soon.
    You may wish to check it out. [no obligations]

    You cant predict numbers that has no meaning like lottery.

    But fortunately for financial markets you can learn patterns.

    Things happen for a reason. Markets move for a reason.
    They are not number like lottery that comes out randomly.

    You probably know that markets move because of news, data, economic happenings around the world.
    But what actually moves the market are the people.
    People react to the news and thus markets reflect the reaction of the people who trade them.

    And fortunately people are "predictable".
    People's behavior and psychology can be studied.
    You wont get it all the time, but you can get it most of the time if you see the pattern.


    Example, if you daughter comes home late every wednesday night and you found out that she has been going to the club since it was ladies night, and after a few weeks you see this pattern.
    Now come tuesday night, if you could "bet" or trade the outcome of whether you daughter will be back home early or late on wednesday night, what will you bet?

    Its all about patterns in trading.
    Patterns that make sense.
    Sure your daughter may come back early for many reasons, she wasnt well, she didnt feel like staying, she has something on the next day... etc
    But most of the time you will get it right.




    Thats all for now, cheers guys, all the best to those who are already trading BO !
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  • Profile picture of the author serraniche
    Just lost $200.00 with binary options in a matter of a few hours, easy, just like on the casino. Traded through Cedar Finance (a Cypress Co. not US regulated like Nadex) and also followed a binary "wining" strategy called Pure Profits System by a guy named Jason Morgan (on his video he sounded more like a Cedar Finance pro salesman or an affiliate). But anyway, my personal experience sucks and just didn't work for me.
    I know a bit about tech charts, formations like head and shoulders, double tops or bottoms, snake side channels, support and resistance levels, etc, but none seems to help to me here.
    Just wanted to throw my thoughts on this issue that was calling my attention seems quit some time and decided to put my money and time on the line to see what it was all about.
    My honest recommendation to my fellow warriors stay out and away from it unless you have plenty of money to trade (play). hope this help someone to save at least $200.00 .
    good luck
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    • Profile picture of the author Newbieee
      Originally Posted by serraniche View Post

      Just lost $200.00 with binary options in a matter of a few hours, easy, just like on the casino. Traded through Cedar Finance (a Cypress Co. not US regulated like Nadex) and also followed a binary "wining" strategy called Pure Profits System by a guy named Jason Morgan (on his video he sounded more like a Cedar Finance pro salesman or an affiliate). But anyway, my personal experience sucks and just didn't work for me.
      I know a bit about tech charts, formations like head and shoulders, double tops or bottoms, snake side channels, support and resistance levels, etc, but none seems to help to me here.
      Just wanted to throw my thoughts on this issue that was calling my attention seems quit some time and decided to put my money and time on the line to see what it was all about.
      My honest recommendation to my fellow warriors stay out and away from it unless you have plenty of money to trade (play). hope this help someone to save at least $200.00 .
      good luck
      Hey i respect you for trying it out before calling it quits.

      But may i ask did you trade on demo 1st to test this guys "winning" strategy?

      And also, i would like to add that generally, normal forex methods like what you mentioned double tops double bottoms and head and shoulder etc do not work with Binary Options.

      They work with forex for the longer picture. Not in 15mins -30mins like in BO.

      If you are willing to give it one more shot, check out my profile and follow through my sig file.
      [im in pre-launch though, so you wont be able to buy anything yet ]
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      • Profile picture of the author Newbieee
        Originally Posted by Coronald View Post

        I know I probably sound like another "armchair expert" when I say this but any legitmate trader will refer to "binary options" as Binary Betting because that's what you're actually doing. you're looking at stocks, commodities, and currencies and Betting on their future rate at a specified expire time.
        Hey there Coronald, you are very modest.

        Originally Posted by Coronald View Post

        Anybody hawking some video of them making thousands of dollars off of short-term expire tickets (say like 60 seconds in the future, up to about an hour or two) is just trying to get some affiliate money from you.
        Unfortunately i would have to agree with you.
        From what i see out there, i get disgusted with it.
        Especially those free ones, you think its good, but they give you some crappy system and the rest of the site is flooded with broker affiliate links.

        Originally Posted by Coronald View Post

        Legitimate Binary Betting involves a great deal of understanding of technical analysis, and an ability to analyze and forecast market conditions from news sources. It's probably the simplest stock market related service, but it is still involved and complicated. From my own research, most people will mostly do "day trading" either waiting for a strong uptrend or downtrend, and locking in a Call (up) or Put(down) option at the right time. you can also hedge your bets when certain major financial announcements might be made that would impact the market. However, your are still betting, gambling.
        You sound like you know your stuff, well at least you tried it out.

        But well, though i agree with you generally, i teach how to trade BO the simple way, without all the complicated technical analysis stuff and still profit.


        Originally Posted by Coronald View Post

        The temptation to up the ante when your doing well is also a problem. an effective long term strategy with strict rules should be in place. Otherwise you'll make $200 dollars in small trades, decide to go all in with that profit on one trade and probably lose it all (which I did one day, sadly)
        Now that is the problem here..
        Your trading style IS the problem.
        No sound strategy involves all in. That is gambling.

        Originally Posted by Coronald View Post

        either way, you have to have, generally speaking, about 70~73% win rate to make any real profits. It is also definitely not a reliable primary income source.
        I beg to differ.

        Anything above 60% and you're good.
        70% and above is better and in my opinion is worth your time.
        And i do hit 70% and above.

        And so i have to disagree with you that its not a reliable primary source of income.

        Originally Posted by wooja View Post


        The bottom line is that the stock market is risky. Whether you're buying stock, stock options or binary options, they're all risky. If you know how to trade the market and can perform technical analysis, you can make a lot of money with both. Binary options generally require less capital in order to profit,
        This i have to agree with you.
        Yes it has risk im not gonna lie.

        But it has a lower entry level so its easier to start.
        Playing stocks or forex itself you need a large capital.

        Originally Posted by michaelfreeman View Post

        The main broker offering these signals is Banc De Binary and I know for a fact now after all the emails I received that the signals are BS (excuse my French) so about a week ago I decided to list all the popular, independent signals services that I found to be legit and most of the services offer a free trial which is much better than signing up with a much higher deposit in the hopes of getting signals from the broker.

        Why are the brokers signals not legit?

        The broker is not your friend. In fact you're working against the broker when you purchase a binary options contract. Why on earth will the broker want to help you become successful?


        Here is another thing...If you are just starting out..why on earth would you want to deposit so much? Reps will tell you that you will manage to diversify the risk better when all they do is lock you account with a 'volume of trades' restriction...I, never for once, believed that any of these customer service reps know anything about trading or have ever traded before..

        Good luck with everyone's trades! I really enjoyed reading some of the posts here! Mike
        You make sense, although i am not so sure about brokers signals and training etc.

        Have never tried their signals.
        I dont believe in signals for BO anyways, its so short term and signals will be ineffective.
        It is meant for longer term trading like in forex, not binary options.
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      • Profile picture of the author serraniche
        Originally Posted by Newbieee View Post

        Hey i respect you for trying it out before calling it quits.

        But may i ask did you trade on demo 1st to test this guys "winning" strategy?

        And also, i would like to add that generally, normal forex methods like what you mentioned double tops double bottoms and head and shoulder etc do not work with Binary Options.

        They work with forex for the longer picture. Not in 15mins -30mins like in BO.

        If you are willing to give it one more shot, check out my profile and follow through my sig file.
        [im in pre-launch though, so you wont be able to buy anything yet ]
        newbieee, i was so excited (as many times before) that went straight to business with real money but trading with smallest trade allowed of $5.00.
        Don't remember seeing any practice or play money account at Cedar Finance, but never care to ask either, so not sure here
        will check your info, tks
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        • Profile picture of the author yoshi74
          There seems to be a lot of people on here with their own agenda. The only way you are going to make money with binary options is to tread carefully, don't believe the hype and try to find some honest reviews.

          I'm not sure that you will find that many good sources as most information and people on the web have their own agenda. There is one place I have found where the guy actually does some live testing and you can follow the results. The latest service he seems to be testing is Binary Signals.

          I'm not saying you should sign up with them or any other service.. but to avoid getting scammed it maybe worth checking out the test results on this site rather than just relying on what these services 'say' then can deliver.

          You can read the latest service being tested here - The Binary Signals Review
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  • Profile picture of the author jmharris48
    I haven't had any success with binary options and haven't heard of many people that have had success. The people that did make money were not able to withdraw money from their accounts. (I wouldn't get caught up in the trading and options world, because you never really know what is going to happen... To me it is the same thing as gambling!)
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    • Profile picture of the author Newbieee
      Originally Posted by serraniche View Post

      newbieee, i was so excited (as many times before) that went straight to business with real money but trading with smallest trade allowed of $5.00.
      Don't remember seeing any practice or play money account at Cedar Finance, but never care to ask either, so not sure here
      will check your info, tks
      Do not trade without demo practice.
      And dont bother putting your money with brokers who arent willing to give you a demo account.

      As for trading amount per trade.
      Its fine with $5 if you are testing.

      but for me, once i get it right, i go in at least $25 per trade.
      Beacuse i trade at least around 10 on average per day.

      So on an average of 7/10 wins for example, will give you $73.75 per day on profits.

      Now, to me that is the lowest i get to be worth my time, anything less i will feel demoralised.

      See at $5/trade, you profit $14.75 a day.

      I rather work at macdonalds! If you get what i mean.

      So yes start out small to gain experience but not too small that its not worth your time, after all you should have tested it out on demo account already.
      So its not like you go in live account and test the strategy with smallest amount per trade.
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  • Profile picture of the author Kenny T
    I couldn't agree with Newbie more.
    You need demo practice and this is not an option but it is must. The reason for that is that until unless you are confident without the demo practice you won't even come close to making trades. I have experienced this as I used to be scared to make good trades because I wasn't sure. Demo practice also gets you mentally prepared and it will prepare you to have a working strategy. Otherwise if you just start out trading with real money you will be all over the place, trading mindlessly, and overtrading as well. Just pick a good strategies as there are many if you google them and strat practicing at least for 2 weeks before you decide to 'gamble' or should I say 'try to make money' with binary options.
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    • Profile picture of the author Margariet
      Has anyone used the software from Trendo or Trendo-signal when trading binary options?
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      • Profile picture of the author tommmi
        Software does not react to moving market only human do remember
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        • Profile picture of the author kawel
          The first known binary trading from the site http://www.thebinaryoptionsbroker.com , binary trading is fun and easier to understand than forex trading.
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          • Profile picture of the author kbrockm
            I've made some modest profits in binary options trading (or gambling, if you prefer -- it's a fair assessment!). The key is finding the right options platform, I think. So many of them are dishonest. I like Markets World, for example, but would emphatically recommend staying away from OptionsClick, who I still have been unable to withdraw MY money from!

            Again, I'm no expert, but I'm learning to stay from platforms based in Cyprus, which many of them are. Look for a UK-based platform, as they are better regulated.
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  • Profile picture of the author mharry
    Even forex market have negative expectancy if you count spread (i.e. the broker have the edge)

    the video from youtube shows how binary options trading is not gambling

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  • Profile picture of the author billpullman
    stay away from binary options,
    unless you like big sudden heartaches and headaches then heart attacks...
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  • Profile picture of the author John Pawlett
    The hype surrounding Binary Options is very similar to that surrounding IM, everybody thinks that they will become an instant millionaire.

    Like IM there is a learning curve and a very strict set of rules, if you think of it as gambling then that is what it is!

    If you spend some time learning about the markets and how they work then you have have a better than average chance of becoming successful.

    If you dedicate a LOT of time to the markets and understand their movements then you never need to work again.

    The issue is most want the money today without having to put in the effort of learning how the markets work.

    It's an awful lot easier and more profitable than learning how to flip burgers!

    John
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  • Profile picture of the author mharry
    It is not uncommon traders make huge loses when they first start trading. Just like any other market binary options trade do make loses when they first start to trade.
    Once you gain experience and with good strategy you can be profitable.

    I had a great experience trading with any options broker. https://www.youtube.com/watch?v=IaaJ1Q_8qDk the youtube video shows withdrawal from any option broker.

    Secondly must people say its gambling, no binary options trading is not gambling, even forex trading have negative expectancy if you count spread. Check how binary options are different from gambling "Is Binary Options Trading Gambling"

    They are now traded over exchanges and regulated by SEC.
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  • Profile picture of the author tommmi
    Sure it is easy to say binary option is gambling and forex and stock too but why people is still at it simple there is still people making money it is real estate if you are making money but when you lost you say it a scam ask you are making money now what will you say
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    • Profile picture of the author Newbieee
      Originally Posted by billpullman View Post

      stay away from binary options,
      unless you like big sudden heartaches and headaches then heart attacks...
      Ya, i should stay away from door bells too, they give me a fright. hehe


      Originally Posted by tommmi View Post

      Sure it is easy to say binary option is gambling and forex and stock too but why people is still at it simple there is still people making money it is real estate if you are making money but when you lost you say it a scam ask you are making money now what will you say
      Thats why i always chuckle to myself when i read things like "binary options is a scam" lol.
      You can say some brokers are scam, but to say the whole industry is a scam, i just giggle.
      Cos if it is, i wouldnt be earning money from it.
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  • Profile picture of the author chipkole
    New to the forum. I'm a day trader by profession looking to get into internet marketing to expand my expertise. I have a little over 3 years trading binary options. Can be very profitable. Very tricky however. Just starting out I wiped out 3 accounts before I was disciplined enough to "Stay" profitable. A 10% return a month with binaries has been my goal over the last 2 years. I've had much more success and consistency trading in this manner.
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    • Profile picture of the author Newbieee
      Originally Posted by chipkole View Post

      New to the forum. I'm a day trader by profession looking to get into internet marketing to expand my expertise. I have a little over 3 years trading binary options. Can be very profitable. Very tricky however. Just starting out I wiped out 3 accounts before I was disciplined enough to "Stay" profitable. A 10% return a month with binaries has been my goal over the last 2 years. I've had much more success and consistency trading in this manner.
      That is the way man.

      Anywhere from 10% up is good..

      Even in forex, 10-20% of equity is a good sign.
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    • Profile picture of the author KingArthur
      Originally Posted by chipkole View Post

      New to the forum. I'm a day trader by profession looking to get into internet marketing to expand my expertise. I have a little over 3 years trading binary options. Can be very profitable. Very tricky however. Just starting out I wiped out 3 accounts before I was disciplined enough to "Stay" profitable. A 10% return a month with binaries has been my goal over the last 2 years. I've had much more success and consistency trading in this manner.
      I would be interested in knowing the system you use to generate 10% per month.
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  • Profile picture of the author chipkole
    Do your homework!! you can wipe an account out easily with binaries. You have to treat it like a business.
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    • Profile picture of the author Newbieee
      Originally Posted by chipkole View Post

      Do your homework!! you can wipe an account out easily with binaries. You have to treat it like a business.
      Yes do you homework.

      Yes treat it like a business. [though i dont, but its a good advice ]

      But i dont understand how someone would wipe his account out cold.

      There are many aspects to trading and money management is one of them.
      Never use more than 10% of your equity.

      I use around 1-2% of my equity on each trade.

      And so for me to wipe out my account would mean a losing streak of 50-100 trades in a row.
      Which no one in his right mind would do that.

      I would stop and analyse if i hit 10 losses in a row.

      Unless you are gambling. Then its possible to WIPE out your account.
      But if you are trading with money management. You wont.
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  • Profile picture of the author chipkole
    checkout binaryoptionsdaily.com great site with tons of info.
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    • Profile picture of the author Newbieee
      Originally Posted by chipkole View Post

      checkout binaryoptionsdaily.com great site with tons of info.
      Hahaha, that site is a good place to get together with like minded people.
      Its a place where community of binary options traders hang out and talk in the chat room.

      If you are talking about strategies, ive personally tested all of them.
      Success rate is around 50-50 which doesnt cut it for BO.

      Contacted David, the owner of the site, did not reply.
      Was asking about his free strategy but until today no reply, that was like last year.

      And i dont know if they are the ones who hang those 3rd party signals and advertise them or its just a page where these 3rd party signal company pay him to advertise.
      I dont know which is which, but there is a whole lot of 3rd party signal services that he is advertising.

      And personally, I dont believe in BO signals.
      But thats my opinion.
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  • Profile picture of the author georgebush
    once you have a good handle on how to day trade- you have a good chance at binary options- binary is much more difficult due to the price having to close higher or lower within tight time constraints-like 15min typically --though if you are day trading it does not matter if price is meandering up or down on its way to your price target

    in both day trading and especially binaries you need a very good handle on support and resistance-i personally only have about 3 setups which i wait for and these may or may not occur in a days trading--sam seiden covers very good basic trading which should first be mastered before
    attempting "fixed odds betting"/binary options
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  • Profile picture of the author rsa2000
    Tried sign up B** D** B**. They said investing $500 is good and they gave bonus of $250 which you cannot withdraw until your trade volume reach 20 x $250 . suddenly pushing me to invest $5k even without giving a few days of trial. Hmm how can we commit if we don't know how it performs
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    • Profile picture of the author Newbieee
      Originally Posted by jprano View Post

      I understand we can not join brokers to trade that are outside US since June 2013.
      Is it?
      Why so?
      Pls share.


      Originally Posted by rsa2000 View Post

      Tried sign up B** D** B**. They said investing $500 is good and they gave bonus of $250 which you cannot withdraw until your trade volume reach 20 x $250 . suddenly pushing me to invest $5k even without giving a few days of trial. Hmm how can we commit if we don't know how it performs
      Hey there, btw i have replied to your pm.

      But just want to say that it is really normal for them to do this.
      It is the same across MOST brokers.

      Its just their departments, like as a lead, their sales department will entice you to join with low deposits.

      Then once you deposit, you are a "paying customer" so they try to entice you to "upgrade". Either by the same sales department or they pass your account to the account manager already and the AM has their duty to try to "upsell" you their services like signals or whatever analysis but you have to be a VIP client which means you have to deposit $5k or $10k etc.

      Its normal.

      Im in the midst of reviewing different brokers and their signals for my members so they know whether its worth signing up for VIP accounts or its just an "upsale" that is done by their sales team to get you to deposit more.

      Just know what you want and be firm.
      Dont be afraid to say "NO", and say it MANY TIMES. haha:p

      Ive been to sales seminars before and they teach you to only give up if the customerr says "NO" 99 times.
      So be prepared to say NO, 99 times. hahahah

      Cheers
      Neil
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  • Profile picture of the author jprano
    Neil, I live in the US. Can you give me any input or suggestions on using Nadex as a broker?
    I understand they are regulated in the US and your not trading against a broker with
    their platform.
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    • Profile picture of the author Newbieee
      Originally Posted by jprano View Post

      Neil, I live in the US. Can you give me any input or suggestions on using Nadex as a broker?
      I understand they are regulated in the US and your not trading against a broker with
      their platform.
      Hi

      What exactly is it you want to know?

      But i dont use them.
      So if u want to ask about them, i cant say much as i do not use them personally.
      =)
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  • Profile picture of the author shadowbiz
    Has anyone tried Lee Walkers Secret Method? He claims you can go from $300 to $5000 in one week.
    Also he says it is free and you don't have to pay anything, but from what I read when I googled this, you have to pay after 3 months
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  • Profile picture of the author Scott Skinner
    To succeed in Binary Options, you need to educate yourself on currency trading. Once you understand the game and have a strategy for playing, decide how to approach it.

    I don't do it because it is not my style. I prefer longer term position trading. However, that is just my opinion and experience.

    I have and still know binary options traders and forex traders that are on both sides of the fence, losing and winning. The difference? Statistically only 5% show any profit to speak of! Why?

    Whichever approach you choose, have a system, implement it, refine it, stick to it. Educate yourself daily, associate with traders of a like mind, trade in a live trading room with REAL TRADERS IN REAL TIME.

    GOOD LUCK!!!
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  • Profile picture of the author elijahdean
    Learn something new everyday never heard of this
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  • Profile picture of the author She Trades
    I believe research is the key to finding a good broker. Take your time in deciding and not be rushed. If I felt pressured by any of the brokers I talked to, I moved on. I found one that fit and felt right. Their customer service is/was outstanding in my opinion. I'm a "why" person, and they explained and answered all my questions. The educational portal was so easy to understand for me in the beginning. There were no fees involved for me to get started. I even used a demo account in the beginning to strategize, and since i have now funded my account they keep it open for me indefinitely so I can "practice." I have really started to use binary option trading to supplement my income and have begun withdrawal twice monthly, opposite of my paydays. Their withdrawals are hassle-free & are processed in the same day! I chose Option Mint and couldn't be any happier with them!! Highly recommend!!!
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  • Profile picture of the author BushidoMaster
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    • Profile picture of the author wooja
      Nice way to pump your own website BushidoMaster.

      It's a pity you're telling people they need to do their own research about brokers and that they should be careful, while at the same time you're promoting Cedar Financ and EZTrader, 2 of the most well known scamming brokers on the net.

      I also took a look at that auto signals service you're pumping and really loled.

      "I used my formular to bank over $236,708.43 in just 30 days.
      So how much is over such an accurate number? Was it $236,708.44?
      Such BS.
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      • Profile picture of the author tommmi
        Having being here for a while it is nice trading I just feel much negatively here look it better to learn proper trading money management etc.You can't just trade and follow someone or auto trade or signal if you don't know what you are doing there is definitely money to if not why is people here in this thread I withdraw more $30k already either you leave it or join it yes people will lose money but it is how you minimum lost and maximum just like leverage and yes I don't trade for people I just happy doing what I do now.
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        • Profile picture of the author Newbieee
          Originally Posted by tommmi View Post

          Having being here for a while it is nice trading I just feel much negatively here look it better to learn proper trading money management etc.You can't just trade and follow someone or auto trade or signal if you don't know what you are doing there is definitely money to if not why is people here in this thread I withdraw more $30k already either you leave it or join it yes people will lose money but it is how you minimum lost and maximum just like leverage and yes I don't trade for people I just happy doing what I do now.
          Hey Tommmi, really finding it hard to understand your post as usual.



          Originally Posted by wooja View Post

          Nice way to pump your own website BushidoMaster.
          Lol exactly !!

          So many accounts opened the same month of the post and only 1 or 2 posts. lol. And talking about "hey this broker is good." "Hey this signal service is good." lol..

          They are hoping out of 1000, at least 1 idiot will fall for it.
          So this thread has had 19,894.
          That wld be around 19 ppl falling for it. haha
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  • Profile picture of the author cassie1
    Originally Posted by prefamous View Post

    has anyone here tried binary options? I just wanted to know if this is legit. I have searching google finding conflicting stories about withdraw problems. any
    one have any personal experience with any binary options trading account.
    I've tried it and it is legit, I highly recommend getting some education/training on because there's more to it like reading the graph, how time effects your trade, etc. I personally go through printmyatm.com course and so far it is worth it.
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    • Profile picture of the author Newbieee
      Originally Posted by cassie1 View Post

      I've tried it and it is legit, I highly recommend getting some education/training on because there's more to it like reading the graph, how time effects your trade, etc. I personally go through printmyatm.com course and so far it is worth it.
      Lol, another one.

      I suggest you build some reputation 1st before pumping a URL here.
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      • Profile picture of the author cassie1
        Originally Posted by Newbieee View Post

        Lol, another one.

        I suggest you build some reputation 1st before pumping a URL here.
        thanks for the suggestion but as you can see i'm not trying to pump my personal affiliate URL. I was just giving my honest suggestion on the topic, so excuse me if my lack of reputation on this site equals an accusation of attempting to "pumping a URL". Last time I check the author asked a question and I provided an answer to the best of my knowledge.
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        • Profile picture of the author ArtAndSoulLady
          I did not see an affiliate link in his/her post.
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          • Profile picture of the author onetwotradedave
            I am a relationship manager at a binary platform, and the one thing I always tell my clients that there are no guarantees, I have clients living off the proceeds from their trading, but I also have clients who have lost money. If you are careful and trade intelligently, you can make money. If we work together, you can make money. If you trade 60 second deals, don't apply your knowledge to what you're trading, and don't take it seriously, you will lose your money. If you want to discuss things further, PM me. I'm always happy to talk about the pros and cons of this business.
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  • Profile picture of the author Paul@optionbot
    Banned
    There is nothing wrong with Binary Options at all. Infact a lot of people make a lot of money from it on a daily basis. There are several different ways to go about this and several brands of software out there that can improve the amount and frequency that you win. Most software claims around a 70% success rate.
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    • Profile picture of the author BobSimmons333
      Banned
      [DELETED]
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      • Profile picture of the author Newbieee
        Originally Posted by BobSimmons333 View Post

        A friend recently told me:

        -----------------------
        With many B.O. brokers you're playing in a sandbox with them and there is no central exchange.
        -----------------------

        If this is true it is scary for those who have found a signal service and system which allows them to keep growing their account and keep taking money out.

        Because if many brokers are nothing but a sandbox and there is no central exchange where people are drawing money out of the market and not from the brokers balance sheet only, then eventually the broker is going to find a way to keep you from winning so that your account stops growing and you do not become an economic threat to the broker who does not want so much money drained from their account.

        Do any brokers exist which are not sandbox brokers?

        If I am going to go into B.O. trading with a good sized account and with the object to invest and not gamble, then I want a broker which is not a sandbox broker, but operates using a central exchange.

        Please point the good ones out to me and list them on this thread. Have you ever asked the broker these questions? What did they say? What should I ask them to find out which ones are sandboxes and which ones are not?

        Thanks for your help with this.

        Hi Bob,

        There is logic in what your fren said.

        Here is my opinion.

        1. Therefore I always say, go for reputable brokers.
        Brokers that have been established for a long history.
        And they are big brands.
        Regulated would be best.

        2. For those who classify this as gambling, this part is like sports book makers.
        For every market and expiry, there are 2 sides to it.
        UP or DOWN, and draw would be a push. Meaning your entry price and exit price is the same then the contract amount will be returned to you.
        In sports betting, either a team wins or lose or draws.
        SO its the same.

        There is no central xchange for sports betting.
        Yet there are book makers that have been around for a long time.
        Big brands going strong.
        There are many sports betting signal service etc in the market, but big brands wont be affected. They have a big pool of "players" to balance their balance sheet.

        Different strategies have different calls on the same game.
        Your strategy may be profitable, my strategy may be profitable.
        But both our strategy may give us different signals on a given trade.



        So as long as you stick to a broker that is reputable, has a worthy brand. You are good to go.
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  • Profile picture of the author nubrasskey
    I tried binary options with Vault Options. In 3 weeks I doubled my money and withdrew my original investment. No problems with the withdrawal. Then I had a series of losing transactions and decided to quit. But when I attempted to withdraw the remaining funds, the transaction was canceled with no comment. I emailed them but got no response. A week later I tried again. The withdrawal was canceled again and another email went unanswered.
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    • Profile picture of the author Newbieee
      Originally Posted by nubrasskey View Post

      I tried binary options with Vault Options. In 3 weeks I doubled my money and withdrew my original investment. No problems with the withdrawal. Then I had a series of losing transactions and decided to quit. But when I attempted to withdraw the remaining funds, the transaction was canceled with no comment. I emailed them but got no response. A week later I tried again. The withdrawal was canceled again and another email went unanswered.

      I don't use Vault Options. So I don't know.

      I have withdrawn much more than my total deposit amount with my brokers that I use.

      So maybe, just mayb they want to recoup their losses so they don't want you to withdraw. :confused:

      Again, choosing your broker is important.
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  • Profile picture of the author yohan
    I spent well more than 15 years around the Forex, Futures and Spread Betting scene. Binary options are just the latest manifestation of this.

    The people in this scene are like the mentally sick gamblers down at the casino, they always talk about their winnings and put on a good front for people, but in reality they have lost every dollar they have.

    There is no system with definable/objective rules that will allow you to win at binary options or any other form of financial trading. The only people I came across that were able to win over the long term - were subjective traders who used a type of intuition to make trading decisions. And they would still go through huge losing streaks and go completely bust at least once.

    Combine that with the fact binary options, spread betting and small account forex brokers are all traded at bucket shops, i.e brokers that do not actually trade real financial instruments, but instead are like bookmakers that let you trade against the house. So they have every incentive to help you lose money, because that's when they profit.

    At one point I was part of groups that acquired and tested millions of dollars worth of the most expensive trading software in the world. Of all the back testing I did I never found one piece of software that actually made money in forex or futures.

    Save your money and ignore this scene, its a black hole of financial ruin.
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    • Profile picture of the author alleycatnews
      I have been in binary options for over 10 years. (If you consider betonmarkets.com now binary.com a binary options broker)


      For those in the USA. NADEX is the ONLY legit one to do. They are CFTC regulated.

      They are an exchange so they make their money on a small commission for each trade. (.90 per side nothing on a losing trade.)

      At the end of the year you would get a profit/loss statement from nadex which is also sent to the IRS. So they as legit as a stockbroker. I have been with them for many years. (They are actually 8-10 years old)

      Nadex is VERY small though. It is ONLY available to US clients. They are owned by Ig markets which is a LARGE UK company that deals in binary options/spread trading.

      So that is the LEGIT side of things.

      As far as the other brokers the ones that I won't mention for back lash. Trust me I have had a TON of run ins with them.

      I use to be an affiliate for the scammy brokers before I figured out what was going on.

      I have videos on youtube about it search binary options dirty little secret.

      Anyway.....

      90% of the binary options brokers all use the same 2-3 companies software from spotoption and tradelogic though their are some smaller ones as well.

      You can OWN your own bo brokerage for as little as $10000 they will set you up so you can start taking deposits etc.. No you don't have to have money on the side to pay out the winners.

      It is TOTALLY shady!

      They make money on CLIENT LOSES PERIOD! Just like a sports book.

      That is the best example of how it works really. In a regular sports book casino they pay say 90% to the winner. The sports book sets the line at say -7 on team A.

      The GOAL for the sportsbook is to get the same amount bet on both sides. So say 1000 is bet on the Team A and 1000 is bet on team B. The sportsbook wins. Because they pay out the winners with the losers money and keep the 10%.

      If their ends up being more betting on one side or the other they will move the line to say -6 or -8 so more people will come in on the other side to even it out.

      Which is fine for sports for a game that hasn't started yet.

      It doesn't work that way in the markets though although they try it.

      So in bo they want the same 1000 on the buy side and 1000 on the sell side. They pay out say 75% and pocket the 25%.

      The problem comes in when you have 5000 come in on the buy side and only 1000 on the downside. Well if the BUY side wins they don't have the money to pay out the winners. So like a sports book they will change the line.

      So if they have 5000 on the buy side and you are trading the dow they will say the DOW is actually at a price 10 points higher then it actually is. Even though the DOW ISN'T at that price. If money CONTINUES to poor in on that side they hopefully will make it up when the dow only goes up 5 points. It would be like the sportsbook DURING the game say the score is ACTUALLY 21-7 WHEN it really is tied 7-7.

      I have seen as much as 150 point spreads on the dow before. WHY because I have a group of traders that ALL do the same thing at the SAME time. So what happens is you get a flood of traders and the bo freak out and put in the spreads.

      I have seen spreads on ALL the overseas bo brokers I have used and I have used probably 15+ of them over the years.

      Binary options exploded in growth in the last 3 years because the barrier to entry is so small. The small amount you need to open your own "brokerage" and get TONS of money flowing your way is insane.

      Just look up some of the publicly traded binary options brokers Win Global which owns eztrader global option and others they lost almost 1 million dollars the first 1/2 of 2013. You really want to deposit money in a brokerage that lost almost a million in 2013? symbol wgmi otcbb

      Another one you can look at ciix which had a partnership with one binary options company that screwed them and their clients so bad by not paying them. You can find it in their annual and quarterly reports.

      The overseas binary options brokers make money when clients LOSE. PERIOD. That is why they do spreads. If its ALL about volume like they say then they should put the dow at 10000 and they would have all kinds of volume. But no they do spreads, they put bonuses on people so you can't get your money out.

      Some told me once they had to trade almost 1/2 million dollars in order to deal with the bonus offer. That is NUTS this wasn't even that big of account. And even if they did these companies DON'T have the money to pay out. That is why some of them are closing one just over the last month or so.

      More crack down will happen on the shady ones in the future I am sure.

      The other reason they are so popular is the EASY QUICK money that the BO companies pay affiliates. They can pay CPA $400-$500+.

      When I was doing the affiliate stuff I was making $400 when a client deposited (I had $30,000 months) the people didn't have to deposit more than $200.

      The reason they can pay that much is they know the customer when they get one is going to be worth x to them.

      I also told clients not to get bonuses etc...

      I had affiliate managers of bo companies contact me and say hey we got to have your clients trade more. They can't just trade the stuff you are giving them they aren't trading enough or losing enough.

      I was like HELLO the whole point they are my client is because I am their to help them MAKE MONEY. So I give them systems that work and they can make money. They say I know I know but you need to tell them to trade by themselves as well.

      Finally I figured it out and fazed out of that area of binary options. I helped countless clients get their money back. But I found I can't in good conscience recommend those things.


      I LOVE BINARY OPTIONS but not the scammy kind.

      Stick with NADEX if you live in the USA.

      Sorry for the long winded response I have been in the industry for many years and love it but so much shady junk out there it is costing many hard working people lots of money.
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      • Profile picture of the author Newbieee
        Originally Posted by alleycatnews View Post

        So in bo they want the same 1000 on the buy side and 1000 on the sell side. They pay out say 75% and pocket the 25%.

        The problem comes in when you have 5000 come in on the buy side and only 1000 on the downside. Well if the BUY side wins they don't have the money to pay out the winners. So like a sports book they will change the line.

        So if they have 5000 on the buy side and you are trading the dow they will say the DOW is actually at a price 10 points higher then it actually is. Even though the DOW ISN'T at that price. If money CONTINUES to poor in on that side they hopefully will make it up when the dow only goes up 5 points. It would be like the sportsbook DURING the game say the score is ACTUALLY 21-7 WHEN it really is tied 7-7.

        I have seen as much as 150 point spreads on the dow before. WHY because I have a group of traders that ALL do the same thing at the SAME time. So what happens is you get a flood of traders and the bo freak out and put in the spreads.

        I have seen spreads on ALL the overseas bo brokers I have used and I have used probably 15+ of them over the years.

        I agree, if they manipulate the spreads then its shady, I wouldn't want to deal with them as well.

        But not all of them do it that way.
        They don't need to do that.

        What happens is if you notice, the payout for a given asset changes over time. It is base on a formula in BO to balance their spreadsheet.

        If they are getting too much on one side, the payout changes accordingly for NEW contracts.

        But if they play with the spreads then its not good. I agree.

        Originally Posted by alleycatnews View Post

        Sorry for the long winded response I have been in the industry for many years and love it but so much shady junk out there it is costing many hard working people lots of money.
        I am with you on this.
        Love the market, hate the shady junk!
        We all are with you on this for sure.
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      • Profile picture of the author BobSimmons333
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        • Profile picture of the author KingArthur
          Originally Posted by BobSimmons333 View Post

          So the solution is not to buy the option when you see a spread?

          Do they post these spreads for everyone or do they sometimes just pick on winning accounts with them and leave the losers alone?

          Does the spread make it harder to win with a particular option? If so please explain in detail why a particular spread makes it harder to win. Give an example or two.

          Bob
          I would like to know this also. Perhaps AlletCatNews can help with these questions.
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          • Profile picture of the author Newbieee
            Originally Posted by KingArthur View Post

            I would like to know this also. Perhaps AlletCatNews can help with these questions.
            Basically if they pick and choose then they are a scam company already.

            But in BO, there shouldn't be a spread.
            If your broker do have spread, you may want to change broker.

            PS- im talking about the most common option which is the high/low option, if you are talking about touch no touch or boundary then yes, I have seen spreads. But it doesn't affect me because I don't do those options.
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  • Profile picture of the author yohan
    Show me one mechanical binary trading system that has a track record of winning over the long term.

    It reminds me of the forex breakout systems. The system rules would calculate a high and low, which when broken within a certain time period of the morning open, a trade would be entered.

    Out of the hundreds of these mechanical breakout systems that came and went, not one of them ever made money.
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    • Profile picture of the author Joe Benjamin
      Originally Posted by yohan View Post

      Show me one mechanical binary trading system that has a track record of winning over the long term.

      It reminds me of the forex breakout systems. The system rules would calculate a high and low, which when broken within a certain time period of the morning open, a trade would be entered.

      Out of the hundreds of these mechanical breakout systems that came and went, not one of them ever made money.
      Exactly.

      Did you think they were designed to?

      They cater to greed and laziness.

      What more did you expect from a system
      that caters to this pervasive mindset?

      Did you expect these mechanical systems
      to somehow behave differently than your
      -self?

      Or are they reflections of yourself?

      This shifts the blame, not on people, but
      on a mechanical system.

      If a computer is faulty, is it really the fault
      of the computer...

      ...or the programmer?

      If a computer's flawless, is the programmer
      to blame...

      ...or the user?

      I ask these questions help you think.

      Help you think about reasons why making
      money for a lot of people don't work.

      Because people have a habit of not working.

      And if YOU don't work, what results could
      you possibly expect?

      It's easy to shoot the messenger when the
      message delivered is bad news.

      Much more difficult to take resposibility for
      the message and do something about it.

      Take ownership of it.

      And take ownership of your trading.

      Put it in the hands of faulty systems and
      you get faulty results.

      Study the markets and charts. Learn S&R
      (support and resistence), price action. Do
      this and you will make money with Binary
      Options.

      And you know what?

      It's so much easier than using a mechanical
      system anyway.

      People sike themselves out about perceived
      difficulty, when the difficulty lies in the very
      thing they perceive to make it easier.

      What's easy is hard...

      ...and what's hard is easy.

      Just food for thought.



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  • Profile picture of the author Newbieee
    Originally Posted by bobert8590 View Post

    it can work but you have to be a patient person! it's so easy to win a few times then bet too big and lose it all!
    exactly, money management.

    I see many spot forex investors gamble their money as well.
    But if you put your money in spot forex, people generally think you are investing.
    ANd if you put your money with binary options is always gambling.

    That's why my definition of investing and gambling is the WAY you trade. Not the THING you trade.
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    • Profile picture of the author TonAn28
      I think this is a tricky business. A number of offers appear over the internet now promising earning big money in minutes. The last one came in is from a certain Nathan (sounds from Israel, isn't it?).
      Look at: FreeCashApp - The TOP Free Binary Options System I must say the video is made very professional. The voice is clear as well some of the arguments. But if is too nice to be true, in my opinion stay away from it. What do you think about it?
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      • Profile picture of the author Newbieee
        Originally Posted by TonAn28 View Post

        I think this is a tricky business. A number of offers appear over the internet now promising earning big money in minutes. The last one came in is from a certain Nathan (sounds from Israel, isn't it?).
        Look at: FreeCashApp - The TOP Free Binary Options System I must say the video is made very professional. The voice is clear as well some of the arguments. But if is too nice to be true, in my opinion stay away from it. What do you think about it?
        My opinion?
        Hmmm, I couldn't see how long into the video I have watched.
        But I would say, 10 seconds?

        Why?

        Because I saw it said in the title "free...... for visitors in <your country>"

        If you have to use this kind of tactics to try to fool your visitors just to get them feeling special then I wonder what else they can fool you with.

        That's just my take. I have a low threshold for BS.
        Once I sense there is some trick or a false sense of hope, or scarcity or exclusivity, then im out.
        Sry, I wont give you my time just to watch a promo video that uses such tactics.


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        • Profile picture of the author jhanley
          Originally Posted by Newbieee View Post

          My opinion?
          Hmmm, I couldn't see how long into the video I have watched.
          But I would say, 10 seconds?

          Why?

          Because I saw it said in the title "free...... for visitors in <your country>"

          If you have to use this kind of tactics to try to fool your visitors just to get them feeling special then I wonder what else they can fool you with.

          That's just my take. I have a low threshold for BS.
          Once I sense there is some trick or a false sense of hope, or scarcity or exclusivity, then im out.
          Sry, I wont give you my time just to watch a promo video that uses such tactics.


          Hi Newbiee,

          I feel exactly the same way. Any time I get an email that's says something along the lines of "Important" I know it's NOT or "Free" It usually isn't! I just leave immediately!!! As for Binary Options all the free offers out there are just to get you to sign up with a broker so they get their affiliate commissions!!!

          Take care,
          Jim
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          • Profile picture of the author Newbieee
            Originally Posted by jhanley View Post

            Hi Newbiee,

            I feel exactly the same way. Any time I get an email that's says something along the lines of "Important" I know it's NOT or "Free" It usually isn't! I just leave immediately!!! As for Binary Options all the free offers out there are just to get you to sign up with a broker so they get their affiliate commissions!!!

            Take care,
            Jim
            Exactly.

            I really have low threshold for these kind of stuff.

            I seldom watch sales video anymore because im not looking to buy any "make money offer" but if I do, I do for "research". haha

            Just to see what people are doing, offering, or how they design their page. etc.

            But if I were coming from a "buyer" mentality, nah, trick me or I smell a trick, that's it, im gone.

            As for binary option offers, yea, I did have some free offers that are tied to using certain brokers. You are right on that, but theres nothing wrong I feel.
            Unless of cos they are offering you something useless and they just want to earn affiliate commissions from your sign up.

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          • Profile picture of the author KingArthur
            Originally Posted by jhanley View Post

            As for Binary Options all the free offers out there are just to get you to sign up with a broker so they get their affiliate commissions!!!
            I got an email from a person who has thousands in his email list. He is telling everyone that he has determined that binary options is a way to really make some good money. He says he has found the best brokerage and you can bet your booties that he is an affiliate of this brokerage.

            He posted the winnings for a couple of days that came because of the trade recommendations his account manager gave him at the brokerage on skype and he had all winners to show us for those two days. But remember, even if this is true, the account manager knows he has thousands on his list and it is in the best interests of that account manager to find winning trades so he can influence many people to put their hard earned money into that brokerage so they too can succeed.

            He is going to introduce his email list to this binary options broker, but the people who respond have to do two things.

            1. Be willing to deposit at least $200 in their account.

            2. Work closely every day with an account manager at the brokerage who will find them winning trades.

            My question: How can this account manager keep the people winning day after day, when the brokerage would go broke if everyone kept winning? Remember, there is no central exchange with binary options and all the money comes out of the brokerage so it is to the advantage of the account manager to eventually feed losing trades to these suckers who are signing up so that the brokerage wins in the end.

            Right?
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            • Profile picture of the author popcornic
              Hi everyone, been going over some of the posts and some of those products are indeed scammy. In binary options it's always a 50/50 chance of winning/losing and with getting 85% profit on your trade when you win and losing 100% of your trade when you lose it's definitely not something that can generate profits in the long run. But so is casino, lottery, and sportsbetting. People do win in binary options but then greed kicks in and they try to leverage their winnings and turn $500 or $5,000 into $5,000 and $50,000 respectively.

              I'm actually working with binary options brokers and wanted to know if anyone's got marketing channels or products for sending traders. It's extremely worthwhile for marketers and I can easily offer very attractive terms. Lemme know. Thanks!
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              • Profile picture of the author Newbieee
                Originally Posted by KingArthur View Post

                I got an email from a person who has thousands in his email list. He is telling everyone that he has determined that binary options is a way to really make some good money. He says he has found the best brokerage and you can bet your booties that he is an affiliate of this brokerage.

                He posted the winnings for a couple of days that came because of the trade recommendations his account manager gave him at the brokerage on skype and he had all winners to show us for those two days. But remember, even if this is true, the account manager knows he has thousands on his list and it is in the best interests of that account manager to find winning trades so he can influence many people to put their hard earned money into that brokerage so they too can succeed.

                He is going to introduce his email list to this binary options broker, but the people who respond have to do two things.

                1. Be willing to deposit at least $200 in their account.

                2. Work closely every day with an account manager at the brokerage who will find them winning trades.

                My question: How can this account manager keep the people winning day after day, when the brokerage would go broke if everyone kept winning? Remember, there is no central exchange with binary options and all the money comes out of the brokerage so it is to the advantage of the account manager to eventually feed losing trades to these suckers who are signing up so that the brokerage wins in the end.

                Right?
                Hi

                You are right in terms of that logic.

                That is why I don't, and I advise my members NOT to waste their time with services that are linked to brokers, unless of cos it is a central xchange like nadex.

                They need to even out their spread sheet, so it doesn't make sense for them to offer something that really makes money, that will tilt the sheet unevenly. There will be too many people taking one side of the trade.

                So either they believe in BO it doesn't work out well in the long run.. Which is not true because it is possible to be profitable constantly.
                OR
                Their signal/service/analysis/alerts/etc etc are not as good as it claims to be.


                BTW, I saw your earlier post asking me about Spot forex brokers offering BO right? Im sorry I missed that, cos this is not my thread so I don't keep track of every post here. Plus I reply when I happen to have the time.

                I saw a few the other day, it is really as simple as typing in google forex brokers. Then go down the list of those big brands.
                On their main page, if they offer BO, they will have the BO tabs, or menu/page.
                They mostly promote it on their main page because its a new trend for forex brokers to go into BO too.
                But you leverage on their brand, take 1 example like alpari, you know they are an establish brand that wont close down over night and run with your money.
                If you can trade BO with them under 1 account wouldn't it be safer?
                (this are for people who are so scared of the main stream standalone BO brokers, nothing wrong with that though.)



                Originally Posted by popcornic View Post

                Hi everyone, been going over some of the posts and some of those products are indeed scammy. In binary options it's always a 50/50 chance of winning/losing and with getting 85% profit on your trade when you win and losing 100% of your trade when you lose it's definitely not something that can generate profits in the long run. But so is casino, lottery, and sportsbetting. People do win in binary options but then greed kicks in and they try to leverage their winnings and turn $500 or $5,000 into $5,000 and $50,000 respectively.
                Hi
                I had a whole post somewhere debating on this point.
                So im not going into details here.
                But you cant compare casino with BO.
                Casino games odds are all against you.
                THeir return may be 100% but the house edge is enough to kill you.
                Its mathematics, there is no meaning behind it.

                In financials markets, theres meaning behind every move.
                So by educating yourself on it, you can increase your odds to your favor.
                Though the fix return is only 85% and when you lose is 100% you still can make a profit constantly.

                However I agree with you on the greed part.
                People have to stick to money management.
                Once you try to turn $5000 into $50,000 over night that is gambling.


                Originally Posted by popcornic View Post

                I'm actually working with binary options brokers and wanted to know if anyone's got marketing channels or products for sending traders. It's extremely worthwhile for marketers and I can easily offer very attractive terms. Lemme know. Thanks!
                I don't understand, you think it doesn't make money in the long run, so its not a genuine money making opportunity but you want to market it to other people??
                (No wonder you made an account specially to post this.)
                Having said that, I don't think anyone will want to work with someone online just like that easily without any reputation.
                Adding to that, this is not the place to ask for a partnership. :rolleyes:
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  • Profile picture of the author jamesbgr
    This is what you get when you give them an email:

    FreeCashApp - MEMBERS - The TOP Free Binary Options System (got link from another forum where it was quickly flamed down for the scam that it is).

    You need to deposit with a broker which I presume is thru their affiliate link so they get a commission. As for the automated app, it probably follows a buy/sell strategy that will lose most of those who use it their bankroll, while those who accidentally make a profit after the free month might shell out $2000 to buy the app thinking it works instead of the fact they got lucky. Win win for this guy Nathan.
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    • Profile picture of the author Newbieee
      Originally Posted by jamesbgr View Post

      This is what you get when you give them an email:

      FreeCashApp - MEMBERS - The TOP Free Binary Options System (got link from another forum where it was quickly flamed down for the scam that it is).

      You need to deposit with a broker which I presume is thru their affiliate link so they get a commission. As for the automated app, it probably follows a buy/sell strategy that will lose most of those who use it their bankroll, while those who accidentally make a profit after the free month might shell out $2000 to buy the app thinking it works instead of the fact they got lucky. Win win for this guy Nathan.

      That's why even when its free it doesn't mean theres no harm or risk.
      Unless of cos you can try it on demo 1st.

      But interesting enough that they will say "it only works on real account".
      hahahhaa. :rolleyes: Laugh my @ss out!
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  • Profile picture of the author Raymond Rigney
    Raymond Rigney
    Warrior Member
    War Room Member



    Join Date: Feb 2012
    Location: IL, United States
    Posts: 25
    Thanks: 5
    Thanked 7 Times in 4 Posts

    Re: Working with you
    Hello,


    From my experience and the reviews of Banc De Binary they are a less than reputable broker. So therefore I have no interest in working with them. Since you are a sister company of Banc De Binary I did some research on Banc 54. The reviews are not good, not good at all. Actually from what I have read you should be ashamed of yourself and business practices. So I do not wish to be drug down with such a company and tarnish my name. Sorry to see profits in 60 seconds go down in a blaze being attached to your rip off ring.


    Thanks for the contact but sorry cant do it

    Ray



    Quote:
    Originally Posted by popcornic
    Hi,


    I've been going over Warrior Forum and found your posts and I wanted to talk about working with you. I’m one of the partners at Banc 54 which is a sister brand to Banc De Binary.


    We have the best trader value and probably the best conversions between both brands. We currently work with several products like Golden Goose, Options Charger, Profit in 60 Seconds, PrimeAnalyst etc. and would like to work with you as well.


    Please contact me so we can discuss in more detail.

    Thanks,
    Ishai

    ishai@b54.com



    skype id: raymond.rigney



    Posting so you can do your due diligence if you have been contacted by this person.
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    • Profile picture of the author Newbieee
      Hey Raymond!

      Yea I got the same PM.

      I replied to him here 1st, then I saw my pm and it was the same person.
      So I didn't bother to reply the PM.

      Why would I want to work with someone who I DONT KNOW, only has 1 post to his account, just created this month and its only the 4th day of the month. Plus his post is contradicting.
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      • Profile picture of the author Raymond Rigney
        Originally Posted by Newbieee View Post

        Hey Raymond!

        Yea I got the same PM.

        I replied to him here 1st, then I saw my pm and it was the same person.
        So I didn't bother to reply the PM.

        Why would I want to work with someone who I DONT KNOW, only has 1 post to his account, just created this month and its only the 4th day of the month. Plus his post is contradicting.

        Hello Newbieee,

        I kind of figured he was spamming everyone on threads that have to do with BO. That's why I posted the pm from him and my reply for my protection. I didn't want him to say that I was involved with his company at all.

        I 100% completely agree about his point being contradicting. I seen the posts by you and him. Where he said BO trading is like gambling then after your post ask if anyone wanted to work promoting a BO broker. Hard to gain frinds that way. esp if you search Banc 54 scam. The reviews for that broker are horrible.

        Ray
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  • Profile picture of the author newbeedave
    newbieee
    thanks for all the good info. I tried IM and ran out money and never maid a dime. The one thing I'm getting from this thread is Newbies stay away, but you have to start some how. I know you have to do your homework first, but can a newbie start out with only $250 ?
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    • Profile picture of the author Raymond Rigney
      Originally Posted by newbeedave View Post

      newbieee
      thanks for all the good info. I tried IM and ran out money and never maid a dime. The one thing I'm getting from this thread is Newbies stay away, but you have to start some how. I know you have to do your homework first, but can a newbie start out with only $250 ?

      Hello Newbrdave,

      I hope you do not mind me chiming in on this. You can start with around $200 with a good reputable broker. But you also need to consider the price of the system/mentoring. For whatever reason people see these free systems and think that they will get rich over night. Please show me real proof of anyone suntanning true money with these free systems. I have yet to see. it. Now systems like newbieee's that actually cost money and he mentors you on how to use it, those systems I have seen people with a good trading plan and end goal work. If you can follow rules you can make money in BO. Also a good reputiabal broker helps. It's better to use one tried and tested than to loose money to a broker after you have a winning account.

      Newbieee sorry for jacking your thread. Not my intention. Just thought I would give my two cents on this. Tired of BO having a bad name because of scam artists.

      Oh yea I am not a student of Newbieee's nor have I seen his system or am I an affiliate of his. I have skimmed his literature and got my opinion simply from that. so as far as Newbieees system this is just my opinion.

      Ray
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  • Profile picture of the author ElectroFX
    Trading intelligently means having a good risk:reward strategy as just one part of your plan: Binary options takes that away from you

    Trading successfully is challenging enough without attaching a time to your trade duration: Binary options adds that to your challenge.

    In short, if you learn how to trade properly then binary options won't make any sense to you.
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    • Profile picture of the author Newbieee
      Originally Posted by ElectroFX View Post

      Trading intelligently means having a good risk:reward strategy as just one part of your plan: Binary options takes that away from you

      Trading successfully is challenging enough without attaching a time to your trade duration: Binary options adds that to your challenge.

      In short, if you learn how to trade properly then binary options won't make any sense to you.

      And I laugh !

      Not in a disrespectful way of cos. Because everyone is entitled to their opinion.

      But regardless of your opinion, im doing fine with BO.
      So all I can do is.... Laugh at such comments.

      :p
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      • Profile picture of the author ElectroFX
        Originally Posted by Newbieee View Post

        And I laugh !

        Not in a disrespectful way of cos. Because everyone is entitled to their opinion.

        But regardless of your opinion, im doing fine with BO.
        So all I can do is.... Laugh at such comments.

        :p
        With all due respect you should read more carefully.

        I said that trading successfully is challenging enough without attaching a time to your trade duration, and taking away good risk:reward. Binary options are not where I would recommend a newbie to start with Forex. It is more on the side of gambling than trading for anyone without the proper know how.

        I did not say that you can't do well with binary options, I can trade them just fine but they make no sense to me and I enjoy bigger returns trading properly.

        So all I can do is.... Laugh at such comments... but at least we are both laughing right .. that's always a plus and I am glad you are doing well with BO. Since you are you should try trading the smart way and you will see greater returns... all the best
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    • Profile picture of the author Raymond Rigney
      Originally Posted by ElectroFX View Post

      Trading intelligently means having a good risk:reward strategy as just one part of your plan: Binary options takes that away from you

      Trading successfully is challenging enough without attaching a time to your trade duration: Binary options adds that to your challenge.

      In short, if you learn how to trade properly then binary options won't make any sense to you.
      You name here is electroFx, so I am going to assume you trade in some way with forex? So you of all people know that trading in general carries a big risk. Its all about discipline, money management your trading plan amongst other things like broker and system as it is with all trading.

      Ray
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      • Profile picture of the author ElectroFX
        Originally Posted by Raymond Rigney View Post

        You name here is electroFx, so I am going to assume you trade in some way with forex? So you of all people know that trading in general carries a big risk. Its all about discipline, money management your trading plan amongst other things like broker and system as it is with all trading.

        Ray
        Very well said Ray
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    • Profile picture of the author Newbieee
      Let me reply to your original comments to ensure I quote you correctly.

      Originally Posted by ElectroFX View Post

      Trading intelligently means having a good risk:reward strategy as just one part of your plan: Binary options takes that away from you
      BO and spot forex are just but tools.
      Its how you use the tools.
      A knife can be used to cut fruits and meat, but you can stab people with it or cut yourself.

      BO its a fixed return.
      85% return, 100% lost. (in most cases, though some return you 5-15% in OTM trades)
      In spot forex, it is custom.
      You can put an SL of 100pips, and TP at 85pips.
      Its still the same ratio.

      It depends on your strategy.

      Who is to say my SL and TP is risky when my strategy permits??

      If I have a 65% winning rate, and my SL : TP ratio is 100 : 85 (not in simplest form)
      Then who is to say its risky?
      Go calculate and see if im making money.

      But if im getting a 55% win rate only. And I use the same SL and TP.
      Then that is risky.
      Because my profit margin is so low anytime it can flip to the negative.

      So who says BO has no Risk Reward Strategy.
      Its just a tool.
      Its how you use it.



      Originally Posted by ElectroFX View Post

      Trading successfully is challenging enough without attaching a time to your trade duration: Binary options adds that to your challenge.
      Trading successfully is challenging enough, yes I agree, if you add a time duration to SPOT FOREX, then yes, it is even more crazily challenging.

      But you are comparing Apples to orange, BO have different dynamics to Spot forex, you play with time in BO, but the variable where you have to capture a significant difference in pips to make a good profit without having a huge draw down before hitting your TP is not there.

      So you cant just add in a factor and say with a time limit is even more challenging.
      If you add in time limit in SPOT FOREX, absolutely, it will be difficult.

      But in BO we are xchanging variables, NOT ADDING in.


      Originally Posted by ElectroFX View Post

      In short, if you learn how to trade properly then binary options won't make any sense to you.
      In short, if you learn how to trade BO, you wouldn't make such a comment.

      Im not saying to you you have to agree that BO is better than SPot forex, that is up to individual preference and opinion and strategy.

      But rather BO can be easier than spot forex (since I do both I can compare) and you can do both depending on situation as explained above in my previous post as well.

      But to totally say BO is not a sound investment shows you know little about the game.

      Peace
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  • Profile picture of the author slake
    Originally Posted by prefamous View Post

    has anyone here tried binary options? I just wanted to know if this is legit. I have searching google finding conflicting stories about withdraw problems. any
    one have any personal experience with any binary options trading account.
    hey! I'm glad to help someone who's interested to know about binary options, because I've got the experience of trading and using them. I'm not going to write an essay about this, but I'll tell you it in short.

    Binary options for me are VERY PROFITABLE than forex or stocks or penny stocks or any other commodity trading/investments.
    however, they are risky. If you can manage your risk and don't trade emotionally, Binary options is the path for your financial freedom.

    talking about the problems with withdrawals, yeah there are binary options scam brokers who cause you severe headaches when it comes to withdrawals, but this is not NEW! Any service in the world has Good providers and Bad providers. Ultimately it comes to the decision of the customer, on whom he's going to depend upon.

    There are many TOP, very legit and honest brokers who offer you even SAME DAY WITHDRAWALS!
    So don't just think binary options is not legit, just because there are few scam brokers out there! I find it the best way of trading and making some extra money (without gambling)

    If you want more help, just PM me. I'll try to help you out with this and let's both of us trade together!
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    • Profile picture of the author KingArthur
      Originally Posted by slake View Post

      Binary options for me are VERY PROFITABLE than forex or stocks or penny stocks or any other commodity trading/investments.
      however, they are risky. If you can manage your risk and don't trade emotionally, Binary options is the path for your financial freedom.
      What systems and strategies do you utilize?

      Thank you.
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  • Profile picture of the author newbeedave
    Ray
    Thank you for your input, it was valuable. Can you point me to any good info on BO, I ready to do homework so I can started.
    Dave
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    • Profile picture of the author Raymond Rigney
      Originally Posted by newbeedave View Post

      Ray
      Thank you for your input, it was valuable. Can you point me to any good info on BO, I ready to do homework so I can started.
      Dave

      Hello Newbeedave,

      I have sent you a pm.


      Ray
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  • Profile picture of the author fallingdown101
    try the books of John piper....
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  • Profile picture of the author mrPinky
    Banned
    [DELETED]
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    • Profile picture of the author Raymond Rigney
      Originally Posted by mrPinky View Post

      Ahhh... binary options.... I can say that it's fine for fast money and if you not take it so serious. When you trade you should definitely be careful, and no emotions... they can play you!

      MrPinky,

      I think you pretty much summed it up. I think all things done to generate money are a means to an end, or maybe to your next project.

      Its like all investments, you make money in one area to re-invest into another. This spreading your portfolio into many things (not having all your eggs in one basket)

      So I must agree trading binary options is a GREAT way to generate fast money to invest in other things.

      Ray
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      • Profile picture of the author Newbieee
        Originally Posted by ElectroFX View Post

        So all I can do is.... Laugh at such comments... but at least we are both laughing right .. that's always a plus and I am glad you are doing well with BO. Since you are you should try trading the smart way and you will see greater returns... all the best

        Yup. haha We are both laughing.


        May I ask, do you trade both? And how long have you been trading both?

        I have traded spot forex since 2009. (around there if I remember correctly)
        And BO since 2011.

        Yes you got the technical right.
        In spot forex you make from the difference in price.
        The bigger the price difference the bigger the rewards.
        In BO you are playing with time and have a fixed return.


        Because of this variables, strategies and market conditions differ.

        That is why I keep saying, although they are the same market, you cant use your forex stuff on BO. And vice versa.


        For example, what I teach in BO is how to trade during quiet times.
        Or when market is ranging. This means there is low volatility.
        With that, you cant trade spot forex, because the market isn't gonna move significantly for you to profit the difference.
        Whereas in BO, 1 point (0.1 pip) can get you a return of 85%.

        Now lets look at the same scenario with spot forex in low volatility markets/timings.

        You buy a standard lot (100,000) of EUR/USD with a leverage of 100.
        EUR/USD stands at 1.36918 as I type.
        That would be $1,369.18
        And each pip movement is $10 for a standard lot.
        Now to make the same 85% return, which is $1,163.80, you will need to capture 116.38 pips.

        That is 1163.8 times more movement than what is needed in BO to get the same returns.

        Added to that, how long in a normal market do you take to capture 116.38 pips to get your 85% return.

        In BO I just need 15-30mins.

        Apart from normal trading times, the only other time you can see this kinds of movements are when there is interest rate changes, NFP, or when Ben Bernanke speaks. (now is Janet Yellen)
        But how often do all this occur?
        How many trading opportunities you have if you wait for such events?

        In BO I do this everyday.




        Having said that, I told you I do trade spot forex right.
        There are pros and cons.
        I don't open forex trades everyday.
        I open BO trades everyday.

        Spot forex is more mid to long term, or with big economic news, then it is worth trading forex.
        Small short terms trends are better with BO trading.


        My replies are in responds to your "bashing" of BO.
        You did paint BO in a bad light.
        And its something I do and profit from.

        Thus my reply.


        Cheers.
        Neil
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  • Profile picture of the author ElectroFX
    Trading since 2005 yes,

    throwing insults at people you don't know is not how you should approach life I can only assume by our brief interaction and your username that you are very young so it' all good, you will learn and grow with time.

    Trading is all about using any advantages that you can, keeping probability on your side as much as possible, binary options removes 2 advantages that you can use, good risk:reward, and not committing your trade to a time duration, these are just the facts and nothing to do with me, there is no need to get offended like you invented BO or something

    Too many people lose money with Forex because of a lack of education and BO brings more gambling into trading than is needed so it is not the best place to start. That doesn't mean they can't be traded if you know what you are doing. My comments are directed at those who are just starting their research into how to trade the Forex market.

    All the best to all
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    • Profile picture of the author Newbieee
      Originally Posted by ElectroFX View Post

      Trading since 2005 yes,
      Okay. That's good. How have you been doing for spot forex.
      What is your avg pips captured per month?



      Originally Posted by ElectroFX View Post

      throwing insults at people you don't know is not how you should approach life I can only assume by our brief interaction and your username that you are very young so it' all good, you will learn and grow with time.
      Erm.. so I can throw insults at people I know?

      Maybe I got carried away but I didn't notice, could you quote the part where you feel its an insult?

      As for my username, its naïve to make such judgements because on an internet forum, people use all kinds of names.
      As for our brief interaction, I think I have given you lots of serious pointers in our little "debate".
      But all you brought to the table is that binary options is not a good risk reward investment because it adds in the time factor. (which I have already explained, its not an addition of factor, its an xchange.)


      A young person in a negative connotation (which I read from the way you are describing me) wouldn't put their points out and debate.
      THey will just say, im right im right, your wrong. You're ignorant because im right.

      In fact since you brought it out, you fit the bill more.
      Because you just kept saying the same points saying it doesn't have a good risk reward ratio and that you add in time factor even after I expounded so much on why its not the case.

      Im not expecting you to agree with me, we all think differently.
      But you have not touched on my points but only continue to say the same things.
      So it really fits the bill of a kid saying im right im right, because ..... (and he keeps repeating)


      The only thing I would agree out in public that I may resemble a "kid" like attitude is that I like to debate.
      Kids like to argue over everything. haha
      When I see something that I don't agree I like to put all my points out.
      That is why I bother to type all this.

      Other than that you have not brought any other new points to the table.



      Originally Posted by ElectroFX View Post

      Trading is all about using any advantages that you can, keeping probability on your side as much as possible, binary options removes 2 advantages that you can use, good risk:reward, and not committing your trade to a time duration, these are just the facts and nothing to do with me, there is no need to get offended like you invented BO or something
      Well we are discussing/debating on the opinion.
      Like I said they are tools.
      But when you compare tools, its your opinion.
      So we are debating on opinions.
      But at least explain in depth your points to explain your opinion.

      I have explain why this 2 "disadvantages" you mentioned are not disadvantages.

      But you are just repeating yourself.


      Regarding being offended, im not offended, like I said, when I disagree with something I will speak out.

      This to me honestly does not offend me.

      But since you brought it up.
      Lets imagine a scenario, you have a family meeting.
      A relative of yours came over.
      He happen to be an insurance agent
      You know how "allergic" we are to them.
      There are many black sheeps in the industry.
      Its known that they advice you on more expansive premium just because of higher commissions. They suppose to advice base on whats good for the client, but they are thinking of their own interest.
      But yet they are necessary and there are good ones.
      Imagine the scenario if at a family gathering you brought up the topic of the insurance industry. And say bad things about it. Not that he owns the industry. But what do you think will happen?

      If you don't know, you can try it. =)


      BUT again, im really not offended.
      I just want to put my points out here for people to read and make their own opinions.





      Originally Posted by ElectroFX View Post

      Too many people lose money with Forex because of a lack of education and BO brings more gambling into trading than is needed so it is not the best place to start. That doesn't mean they can't be traded if you know what you are doing. My comments are directed at those who are just starting their research into how to trade the Forex market.
      Again, gambling is the action or mentality of a person.
      Not the tool.
      If you are a gambler or you are looking to gamble, you can use ANYTHING to gamble.

      Options and binary options vary slightly.

      But options is just a simplified way of trading the financial markets as well.

      Is trading options gambling?

      Binary options is just an even more simplified way of trading the financial market with lower capital.

      For new traders it is much simpler to understand.

      And if you blame the tool just because its simpler, then.... what can I say.
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      • Profile picture of the author Newbieee
        Oh maybe you thought I was offended because I said I do this, and you paint a bad light on BO. Thus my reply.



        My replies are coming from a point of information debate.
        SO when I see you talking about something that I don't agree and its something I do, I feel like speaking up, but not from an offended point of view.

        I would be if im a broker.
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        • Profile picture of the author ElectroFX
          you're just embarrassing yourself now so I won't fuel you anymore,
          take care, have fun.. visit my homepage if you really want to learn about what I do
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          • Profile picture of the author Newbieee
            Originally Posted by ElectroFX View Post

            you're just embarrassing yourself now so I won't fuel you anymore,
            take care, have fun.. visit my homepage if you really want to learn about what I do
            Embarrassing myself?

            THanks for making me laugh again.

            You have brought no valid points in your argument.

            Look through my replies and see all the detail points I made.

            Then read yours again.

            You have brought no value to this debate about binary options.

            So why would I want to visit your site?

            At least if you had some valid points I would be enticed to visit your site.
            (its like a book, you read the back cover to decide if you wanna buy the book home to read.)
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            • Profile picture of the author Newbieee
              See im trying to make sense of your comments.

              1st you said
              Originally Posted by ElectroFX View Post

              In short, if you learn how to trade properly then binary options won't make any sense to you.
              Then you say you can trade them just fine.
              Originally Posted by ElectroFX View Post

              I did not say that you can't do well with binary options, I can trade them just fine but they make no sense to me and I enjoy bigger returns trading properly.
              How do you trade fine with something that makes no sense to you??
              Then you mention trading properly, so BO is not trading properly?



              Originally Posted by ElectroFX View Post

              It is more on the side of gambling than trading for anyone without the proper know how.
              You see, the problem is, if you don't know anything about anything, then everything IS GAMBLING.
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    • Profile picture of the author Raymond Rigney
      Originally Posted by ElectroFX View Post

      Trading since 2005 yes,

      throwing insults at people you don't know is not how you should approach life I can only assume by our brief interaction and your username that you are very young so it' all good, you will learn and grow with time.

      Trading is all about using any advantages that you can, keeping probability on your side as much as possible, binary options removes 2 advantages that you can use, good risk:reward, and not committing your trade to a time duration, these are just the facts and nothing to do with me, there is no need to get offended like you invented BO or something

      Too many people lose money with Forex because of a lack of education and BO brings more gambling into trading than is needed so it is not the best place to start. That doesn't mean they can't be traded if you know what you are doing. My comments are directed at those who are just starting their research into how to trade the Forex market.

      All the best to all


      I am sorry I can not agree with BO being more like gambling. Not trying to get into your guy's dispute here. I am just saying. If you are a self pro claimed forex trader that's great. Then you should know that would be a false statement. Unless you trade by chance more than rules.

      If your trading is like mine I am sure is based off a set of rules (both forex and BO). And in those rules you should have a clear exit point (unless you are gambling with no SL) In said rules there should be a time frame in which you would know if a trade will go in your favor or not. If it is not you should exit the trade and look for a new set up. So therefore all trading has an endpoint.

      The only difference is in BO you know when that end point is. And if you or anyone that trades would know a good entry point or exit.

      To me its like you are saying that you do not know when the market will move up or down and every trade you enter is by chance and not a set of rules. If you dispute this and say you do know when it will move in a direction either up or down than you also could trade BO.

      the only difference for me from forex to BO is trading tools. ie... broker well that's pretty much it.

      Like have said before in this thread, its all about money management, broker, emotions, account size and risk to reward ratio.


      Thank you
      ray
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      • Profile picture of the author gioprovato
        Ciao Guys,

        I will make a very long story short. I am an affiliate in Italy in the binary options sector (leopzionibinarie).

        I use these forums mostly as a reader (no pretense to be at the top of the food chain in terms of knowledge or techniques here... this place is a massive source of improvement for me) but considering this thread's subject I figured I could ask you guys something.

        I have been contacted by what seems to me to be a new broker on the scene - name is Morgan & Hilt (mhoptions).

        what is the question:
        the english of their emais. The website. Any of you works with them?
        I have been promoting the same brokers for years - going safe, basically.

        but i am quizzed about this one.
        So, if you have any info please share.

        That is all.
        If I am breaking ANY guideline i apologize in advance and invite everyone to disregard this message or to erase it.
        I tried to ask an innocent question but the message could look fishy, i understand.

        If instead i am clean, well please fell free to give tips.

        cheers to all.

        (p.s. on the subject of safety of the industry, both for traders and for affiliates - i think the best suggestion came in really early "look into the horse's mouth"! and keep up with the industry... read. Or ask, such as in this case.)
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  • Profile picture of the author ElectroFX
    Newbieee
    Perhaps English is not your first language, I would hope that is the case at this point!
    I do feel like I am talking to a child though, try and think before you type Looking for conflict where there is none is not a good look. Now although this has been amusing I won't waste any more of my time with it.

    everyone else
    I am sorry my advice on binary options resulted in this immature banter, I now remember why I rarely bother with Forums, there is always one! I guess even this post will fuel another outburst from Newbieee but I promise I won't respond again and hopefully he will have time to calm down. Bottom line is be careful with Forex, I have heard too many stories of loss and you must educate yourself thoroughly before you even attempt it. It's not a get rich quick scheme no matter how many people advertise it that way. If you do want to pursue it you will find a massive amount of free information to get you started at my home page in my profile here. You can then take it from there and you should not rush the journey.
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    • Profile picture of the author Newbieee
      Originally Posted by ElectroFX View Post

      Newbieee
      Perhaps English is not your first language, I would hope that is the case at this point!
      I do feel like I am talking to a child though, try and think before you type Looking for conflict where there is none is not a good look. Now although this has been amusing I won't waste any more of my time with it..
      Hmmm i guess, thanks for saying that im young. Love to think so anyway.
      I feel like im talking to an old man, those kind that always think they have seen the world and everyone must listen to them because they know more.


      Originally Posted by ElectroFX View Post

      everyone else
      I am sorry my advice on binary options resulted in this immature banter, I now remember why I rarely bother with Forums, there is always one! I guess even this post will fuel another outburst from Newbieee but I promise I won't respond again and hopefully he will have time to calm down. Bottom line is be careful with Forex, I have heard too many stories of loss and you must educate yourself thoroughly before you even attempt it. It's not a get rich quick scheme no matter how many people advertise it that way. If you do want to pursue it you will find a massive amount of free information to get you started at my home page in my profile here. You can then take it from there and you should not rush the journey.
      Hmmm i would venture to say, you don't visit forums because you have nothing of value to bring to the discussion table.

      Forums are a place where public opinion is shared, but if you put your opinion out there you better be sure you can explain them or else you are wasting peoples time.

      *** AND a senior warrior once told me, "if you cant take the heat of a debate, if you cant take criticism, if you need people to talk nicely to you all the time, then forum is not the place for you"
      THat reminded me of a similar phrase i learned in school. (YES IM YOUNG! MY MEMORY IS STILL GOOD!)
      "People living in glass houses shouldn't throw stones"

      If you cant take debates, don't put negative comments about something.
      If you cant explain your points, don't bother posting in a discussion thread.


      I WILL 100% agree with 1 thing you have said thus far though.
      Educate yourself.
      That's my whole point.
      If you don't, even if you trade spot forex, its gambling.




      ***ps- now you are blatantly promoting your site. Now i see why... You are those that don't and cant contribute to forum discussions but just want to post here to promote your site. And when i showed you up for who you are, you act all high and mighty like you don't want to waste your time bla bla bla, bottom line is you have no value to add, that's why you cant post further.

      Come on, even if you don't like me, or the way i type, you started a comparison about forex and binary options saying BO makes no sense if you trade properly. Now i have replied to your points, you keep saying its to warn people, so why not for the sake of the others, put your points out here to rebut me instead of acting high and mighty "i don't want to waste time..."
      (unless you have no value to add anymore)

      The 1st time i mentioned what i teach in my course is a matter of fact. I did not ask anyone to join.
      The 1st time you mentioned your site, you were asking me to take a look.
      Now, you are asking everyone to go to your site. Come on, do you have to do it so obviously? You just showed your true colours.:rolleyes:
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      • Profile picture of the author Newbieee
        Oh i just saw under your forum name it says "Forex Trading Pro".

        I rather call myself a newbie and know a lot than to call myself an expert and embarrass myself on the topic.

        .... self proclaim pro:rolleyes:
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  • Profile picture of the author TheinternetDon
    Binary options is like the derivatives markets younger brother. When ever you bet be prepared to lose it all. There are software's that are said to tweak the odds in your favor but that's about all im willing to say about that. If you decide to get involved in binary options do so at your own risk.
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  • Profile picture of the author LatishaK
    Binary options are completely controlled by the ministry of the EU, all operations pass through bank accounts. so all is legally. And it is still very simple. At this site http://allbinaryoptions.today/what-is-a-binary-option.html , everything is well explained.
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