BIRARY OPTION
Jan 11, 2016 at 08:11
749流覽
12 Replies
Jan 28, 2016 at 07:58
my Italian is a little rusty.
I'm ashamed to admit but I have no idea nor I'm willing to learn about what binary options are. I've tried to understand it by reading an article forex VS binary options and the conclusion of the author was that binary is more like a gamble. That was the first and only time I've tried to understand binaries :)
Anyway, I'm happy with forex ;)
I'm ashamed to admit but I have no idea nor I'm willing to learn about what binary options are. I've tried to understand it by reading an article forex VS binary options and the conclusion of the author was that binary is more like a gamble. That was the first and only time I've tried to understand binaries :)
Anyway, I'm happy with forex ;)
“If 90% of the traders are losing their money, do you really want to follow the same rules they do?!”
Oct 27, 2016 at 13:01
I did it just to check and made a deposit of 300 EUR.
Then a guy called me and sad he is my account manager and wanted to help me to become a good and successful trader in a short time. He did like he was my best friend and wanted the best for me. But i should start with more than 300, else i would not make good profits.
He gave me trading tipps according to market analysis and also said how much to invest (like 500 on Apple (buy), 500 on microsoft (sell), 500 on EURUSD ,… with a account of 2000!! Completely crazy!!) . He said I should trust him and spoke in such a professional way, that I was blind and did what he said. In the beginning he nearly called me every day to give me tipps and asking me to deposit more money.
The end of the story, after a couple of weeks I blew up my account, lost roundabout 3500 € and this “friend” never called again.
Someone wrote a good post about binary options yesterday, but I don´t find it anymore.
May be you should read this topic:
https://www.myfxbook.com/community/new-traders/avoiding-dangers-binary-options/1071947,1
In conclusion I try it with a few italian words:
Binary options = Casino / Roulette = grande merda !
Giù le mani!
Then a guy called me and sad he is my account manager and wanted to help me to become a good and successful trader in a short time. He did like he was my best friend and wanted the best for me. But i should start with more than 300, else i would not make good profits.
He gave me trading tipps according to market analysis and also said how much to invest (like 500 on Apple (buy), 500 on microsoft (sell), 500 on EURUSD ,… with a account of 2000!! Completely crazy!!) . He said I should trust him and spoke in such a professional way, that I was blind and did what he said. In the beginning he nearly called me every day to give me tipps and asking me to deposit more money.
The end of the story, after a couple of weeks I blew up my account, lost roundabout 3500 € and this “friend” never called again.
Someone wrote a good post about binary options yesterday, but I don´t find it anymore.
May be you should read this topic:
https://www.myfxbook.com/community/new-traders/avoiding-dangers-binary-options/1071947,1
In conclusion I try it with a few italian words:
Binary options = Casino / Roulette = grande merda !
Giù le mani!
The differenece between who your are and who you would like to be be is what you do
Nov 01, 2016 at 07:29
leopoldo posted:
I hear from many that binary options are a pure scam. I don't trust these things and advise you not to do it too! after all, the question can be why and who invented them, for what goal?
I read on Wikipedia that behind these binary options stays an actual science but they can be used also for scamming people - https://en.wikipedia.org/wiki/Binary_option. This page provides interesting explanations but couldn't see a historical reference... Better stay away from the binaries if you are not sure about them.
Nov 01, 2016 at 11:14
(已編輯Nov 01, 2016 at 11:15)
Binary options are about the worst thing you can trade.
The deck is so stacked against you, not only do you have to be right, but you have to right very quickly. It has time decay and very aggressive time decay at that.
I made a lot of money initially playing warrants, but in the end lost it all, for the simple reason that you can't wait to be right, not only that, but your ability to sell your bet loses value depending on how quickly the expiry is approaching. Took me 6 months to lose all the $250 000 I made on it pre Y2K. My directions were spot on, but the time always got me in the end.
I will not touch anything with time decay now days.
And neither should you. Betting against time is a really, really bad idea.
Binaries really is time decay on steroids. Take the money go buy beer.
The deck is so stacked against you, not only do you have to be right, but you have to right very quickly. It has time decay and very aggressive time decay at that.
I made a lot of money initially playing warrants, but in the end lost it all, for the simple reason that you can't wait to be right, not only that, but your ability to sell your bet loses value depending on how quickly the expiry is approaching. Took me 6 months to lose all the $250 000 I made on it pre Y2K. My directions were spot on, but the time always got me in the end.
I will not touch anything with time decay now days.
And neither should you. Betting against time is a really, really bad idea.
Binaries really is time decay on steroids. Take the money go buy beer.
Nov 01, 2016 at 14:54
theHand posted:
Binary options are about the worst thing you can trade.
The deck is so stacked against you, not only do you have to be right, but you have to right very quickly. It has time decay and very aggressive time decay at that.
I made a lot of money initially playing warrants, but in the end lost it all, for the simple reason that you can't wait to be right, not only that, but your ability to sell your bet loses value depending on how quickly the expiry is approaching. Took me 6 months to lose all the $250 000 I made on it pre Y2K. My directions were spot on, but the time always got me in the end.
I will not touch anything with time decay now days.
And neither should you. Betting against time is a really, really bad idea.
Binaries really is time decay on steroids. Take the money go buy beer.
so they take full advantage of the urgency to make you take emotional decisions, think less and in the end lose all. that's crazy!
Nov 01, 2016 at 16:20
look it´s easy.
With a binary broker, you make bets and you invest a sum of money for each bet. Let´s say $100 for (for example) EURUSD will go up in the next hour (or day or week or whatever). At the end of the hour, you will win or lose.
If you lose, you lose 100% of the money you set, so $100
If you win... you get only 80% of what you set, so $ 80! The rest goes as comission to the broker.
If you go to a casino and play roulette, for example only red and black, you can lose 100% or win 100%.
So roulette is even better than binary options! 😁
With a binary broker, you make bets and you invest a sum of money for each bet. Let´s say $100 for (for example) EURUSD will go up in the next hour (or day or week or whatever). At the end of the hour, you will win or lose.
If you lose, you lose 100% of the money you set, so $100
If you win... you get only 80% of what you set, so $ 80! The rest goes as comission to the broker.
If you go to a casino and play roulette, for example only red and black, you can lose 100% or win 100%.
So roulette is even better than binary options! 😁
The differenece between who your are and who you would like to be be is what you do
Nov 02, 2016 at 08:02
Hi,
I have been trading for a few years on FX and CFD's with a good level of success (and success is always relative to the trader I feel 😄) I have recently within the last few months applied my personal strategy to Binary Options by coding my own Expert Advisor (EA) that autotrades Binary Options.
I have always been very skeptical of Binary Options personally BUT I have found some advantages of traditional Forex i.e.
- Fixed Profit & Risk
- No spreads, commissions, swaps or other broker charges etc...
- Easy to calculate win rates i.e. 55% win rate is break even so anything above that will make 'money'
- Took out some emotion from trades i.e. Once a trade was opened there is no way to influence it i.e. move stops, leave open too long, close too early etc...
The above factors allowed me to trade more markets and take advantage of short term and longer term movements. What I have also found is that its still not easy, you still have to have a strategy with an edge and abide by other sound principles of trading i.e. goog money management, realistic profit targets, acceptable loss targets etc... Keep an eye on news, volatility
The true test for me and my EA that has just been put onto a LIVE account from the demo will be to keep it consistent over the next few months... So if the above statements is still my view in a few months remains to be seen. My GoodBO EA results is on myFX book profile, so if I am missing something and wasting my money let me know..
I have been trading for a few years on FX and CFD's with a good level of success (and success is always relative to the trader I feel 😄) I have recently within the last few months applied my personal strategy to Binary Options by coding my own Expert Advisor (EA) that autotrades Binary Options.
I have always been very skeptical of Binary Options personally BUT I have found some advantages of traditional Forex i.e.
- Fixed Profit & Risk
- No spreads, commissions, swaps or other broker charges etc...
- Easy to calculate win rates i.e. 55% win rate is break even so anything above that will make 'money'
- Took out some emotion from trades i.e. Once a trade was opened there is no way to influence it i.e. move stops, leave open too long, close too early etc...
The above factors allowed me to trade more markets and take advantage of short term and longer term movements. What I have also found is that its still not easy, you still have to have a strategy with an edge and abide by other sound principles of trading i.e. goog money management, realistic profit targets, acceptable loss targets etc... Keep an eye on news, volatility
The true test for me and my EA that has just been put onto a LIVE account from the demo will be to keep it consistent over the next few months... So if the above statements is still my view in a few months remains to be seen. My GoodBO EA results is on myFX book profile, so if I am missing something and wasting my money let me know..
Get Rich Slow
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