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Binary Options Trading Live!

Discussion in 'Forex Company Comparisons' started by bigcash, Mar 8, 2011.

  1. justas28

    justas28 Recruit

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    I never really use any systems or strategy, I basically relie a lot on professional brokers and of course that gives me some advantage to make money. Also, the platform u use kond off matters too. Use top binary options brokers. It's been the man for me for like a year.
     
  2. twister360

    twister360 Recruit

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    im disappointed that most users here are for advertising , was really considering binary options
     
  3. Pharaoh

    Pharaoh Colonel

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    My best advice is to avoid binary options. The brokers are pretty much all bucketshops (after all, how do you hedge a "it's going to go up/down" bet on the real market?). Many are also deposit only.
     
  4. rammyrams369

    rammyrams369 Recruit

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    Hi Friends,

    Finally I Have Found The Almost Holy Grail For Binary Options Trading Which Is Giving Constantly More Than 85% Success Rate For Me Since 2 Months.
    You Can See More Details About This Indicator At " bo.icyberworld.com "
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    Now Every Thing Is Changed In My Life Because I Almost Recovered All My Lost Money In Just 2 Months By Trading With The Signals Of This Indicator.
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    Go Contact Him & Get Your Copy Now Why Because He Mentioned In His Website Clearly That He Will Give This Indicator For Only Limited Time.

    All The Best,

    Rammy.
     
  5. Pharaoh

    Pharaoh Colonel

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    And even if such a grail existed and really worked, good luck withdrawing all of those profits.
     
  6. Roaming

    Roaming Banned for uncivilized conduct

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    Why Pharaoh don't trust Binary Options Brokers?

    When I was introduced to this kind of new market trading, felt the same, seeing how many brokers work like Casinos and most look similar even in its names.
    Suspicious to find that most don't offer demo trading until depositing. Don't invest before testing your skills on demo. Can deposit the minimum amount and trade demo until you feel good for live trading.
    Doing more research for the best binary options brokers out there, from the many i tested, found only three that can somehow be trusted for your money.
    Using the ScamAdviser website, topoption.com, cherrytrade.com, and gtoptions.com got High Trust Rating.
    Scamadviser don't guarantee that clients will be able to withdraw money or any business trust will be built, but at least it is a good starting forward step to minimize the scam from the good binary options brokers.
    Topoption being the most regulated by many European regulatory bodies.
    I never judge anything for general, there are always good and bad companies, the latter may be more than the first esp. in a new business like the binary, but our job is to pick the good ones. There are hundreds or thousands of forex brokers out there, some are regulated and scam, some are not regulated and not scam. Out of lets say 1000 forex brokers on the forexpeacearmy scam radar, might find 500 scams, 250 regulated that its clients have different problems with them and there's open file in FPA court, but there are 250 good forex brokers left to choose from.
    A person with no forex background and experience will fail in binary options because it's related to it in a way or another.
    Same market indicators, economical news, money management etc can be used. Can open forex broker mt4 and trade binary options relying on your mt4 charts.
    There are many scalpers who trade forex, the 60 seconds method in binary options is not far from their understanding. The same for the 5, 15, 30, 60 minutes, different traders trade forex according to these time frames charts, same apply for stocks, indices, commodities.
    Although, there are some differences like not able to control the position after open until elapsing time, but there's an option of reducing the loss with the sell option.
    Frankly, traders who use the 5, 15 and 30 minutes charts for mt4 trading, how many times they change their take profit and stop loss in that short time?
    When can't resist but modify the position in a short time frame, why trade it?, trade higher time frames.
    Binaryoptions can be a little easier despite of it being for 80 to 90% return but the investor can win that as little as a 0.1 pip difference than market price that will win a very small amount in mt4 trading. The same money management can be applied. When having a 1K balance, instead of opening position of $100, can open a one of $10, some offer as little as $1 for minimum position size.
    Even if the best binary options regulated broker turns to be a scam and the whole binary option trading as fake according to how Pharaoh think depending on his replies, investors can protect themselves by starting small with 100 to 500 dollars(can start with $25 or lower), test the broker, its system and withdraw money that can be easy because most don't charge any fees on both withdrawals and deposits.
    Example: After depositing $100 and making $100 profits withdraw it and continue trading with the $100, same for $500, $1K etc
    Nobody can cheat you and steal your money, even the thief when you take safe measures.
    When they scam any client with $100 or $500, come to forexpeacearmy and reveal the company's name, let all know about them to prevent dealing with.
    The advertisement on forexpeacearmy worth more than the small amount they cheated, plus you'll be benefiting thousands of investors.
     
  7. Roaming

    Roaming Banned for uncivilized conduct

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    I did not name Nadex first because it's out of question, well regulated, can't play around with clients money. Second, searched out the states for regulated brokers that can accept both US and European Citizens, not to forget others too.

    Anyone can find some Binary Options Pros. I'll discuss its brokers cheats and cons:

    - Don't join a broker that encourage you of opening an account for large amount of money saying it will make you more money.

    - Don't join a broker that insist on you opening short time frames positions because it will make you more money, saying large time frames will loose you time.

    - Don't join a non regulated broker.

    - Don't be surprised seeing at least 1 pip difference between the lowest spread forex broker platform and the best regulated binary option broker platform. Its price equation Bid+Ask/2

    - Don't be surprised when you see the price shown at the option expiry time differs from the price seen afterwards in your account expired position.

    - An excuse will be prices are running fast, chart price may vary from expiry price! etc

    - Don't believe your broker that say "We are with you against the market"

    - Don't be surprised to hear your broker tell you "JUST TRADE WHAT YOU SEE ON OUR PLATFORM CHART, all our clients do the same, don't advice you trade according to your broker mt4/mt5 charts".
    They are telling you to take trading decisions according to an empty chart that only shows a graph and line going up and down!! Guess what type of clients they have? GAMBLERS

    - Don't make the mistake of trading short time frames in low volume market. The 1 pip difference will kill your money. trade it in high volatility market

    - Don't trade the 60 seconds option, it's of no use other than loosing money. Except in one case, "sometimes" may win you money in news trading if lucky to call or put at good price before the spike occurs.

    - Accept seeing weak prices updates for whatever reason, it's suspicious, how come the elapsing time working normally, the prices not!!

    - They don't like to have many experienced forex traders, but many GAMBLERS just looking on their empty chart. They profit from the difference between winners and losers positions. Imagine many Winners and less losers ? They will find themselves in liquidity problem sooner than later.


    I think binary options brokers get their profits from manipulating prices esp. when the difference bt. your entry price and expiry rate is tight, they can freeze the platform or change the price even after the option expiry date, to find another expiry price in your expired/closed positions.
    They are trading with the market against you, even if they swear million times telling you the opposite.

    I believe a binary option trader can beat the broker by trading higher time frames, predicting a put price and the candle goes down from there or midway until day or week end. Can beat the broker in shorter time frames when putting on a high price at the last elapsing 5 minutes of a 15 minute expiry where the market will reverse for over 7 pip and same basic for any other time frame when the difference bt. entry price and expiry price is wide(more than 5 pip), it will need a very sassy scam broker to close that gap, i doubt a regulated broker will go that far in shameless action!


    Any other ideas?


    Trade Safe
     
  8. Pharaoh

    Pharaoh Colonel

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    Why don't I trust binary brokers?

    Consider the fact that there doesn't truly seem to be any possibility of a true Liquidity Provider for binary options. This inevitably makes binary brokers into bucket shops, just like online casinos. Client losses are gains to the broker. Client gains are losses to the broker.

    Then there are the numerous complaints right here at the FPA of:

    1. Expert employees promising huge profits and then quickly trading client accounts into massive losses. After all, what casino or bucketshop broker would have someone providing a sure way for clients to make massive profits? Doing this would quickly bankrupt the company.

    2. Inability to withdraw profits or even initial deposits from many binary brokers. Those client wins aren't really losses to a binary bucketshop if the money can never get withdrawn.


    And let's not forget what the CFTC and SEC had to day about the whole concept:

    http://www.forexpeacearmy.com/forex...raud-advisory-alert-about-binary-options.html

    Wow! In addition to everything else, some binary brokers use the AML required documents for identity theft. There are some very versatile criminals in the binary options industry.


    Do I think it's possible for there to be an honest binary broker? Yes. Just as it's possible for there to be an honest online casino. From what I've seen so far, my opinion is that honest binary brokers are incredibly rare. Until some really good ones emerge and prove themselves to remain honest and well regulated over time, my best advice is to think of binary options brokers the same way you would think of a case of bubonic plague - something to be avoided at all costs.
     
  9. Roaming

    Roaming Banned for uncivilized conduct

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    All what you wrote can be applied to scam forex brokers or any illegal company working out there.
    If there's only the Nadex in the US and another regulated broker in Europe that are running the binary options business with transparency, no scam or cheats, that's enough for me not to judge like you had done that the whole binary options idea is scam.
    Why don't you present some regulated good brokers for binary options traders who are reading FPA? instead of calling it fraud.
    I would not judge a son for his father criminal record!
    The binary options idea is not bad, may forex traders who are failing in forex may succeed in binary options with the right broker.
    I wrote more cons about binary options scam brokers tricks than what you had done but that doesn't lead me to put a scam flag on the whole binary options industry.
    I gave an easy example on what to do when investing in a new project. Search for regulated binary options broker, pick the one with the best service, open a demo account with, after trying your forex system on it, go live depositing the minimum amount required. Trade, make some profits, withdraw your deposit, trade with your profits as long as you wish, with some of it or deposit more money depending on the broker good service and support.

    I always like taking the challenge which does not mean throwing yourself or money in fire to learn from. There are always risks in any investment, if wanna fear any new project, we will stay in our place forever!
     
  10. Pharaoh

    Pharaoh Colonel

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    Let's me think about this . . . .

    There are quite a few well regulated forex brokers. The NFA, CFTC, FSA, and Swiss (lost track of the name of their regulator) have been slapping down a lot of fines and requiring tons of paperwork to improve them.

    In the USA, there's 1 well regulated binary options broker. You mention that there's 1 well regulated binary broker in Europe.

    If you want to name the other well regulated broker, that's fine. It still doesn't change the fact that all binary broker are bucketshops and that, with the possible exception of 2, none are truly transparent and well regulated.

    Two out of hundreds (thousands?) in binaries vs. a hundred or so out of a few thousand in forex. Picking a forex broker is dangerous enough, but the odds with binaries are far, far worse.

    I did say that honest ones could emerge over time, but right now, picking one at random is fiscal suicide.

    I can also say that in the long run, even "honest" binary brokers will find ways to deal with traders who are too profitable. Bucket shops can't handle traders who are too successful any more than casinos can. Go to Vegas and get on too good of a winning streak for too long and you'll find yourself being politely invited to change to another casino. This shouldn't be a problem in forex if you trade with an honest broker on a real ECN account.
     

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