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Binary Options - What are they and how do they work?

Discussion in 'General Forex Talk' started by AsstModerator, Sep 3, 2012.

  1. TrapLok

    TrapLok Recruit

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    Many traders don't really like binary options as there's a lot of fraud associated with them lately. But if you want to choose a good and honest broker, you can make quite good money on binary options.
     
  2. Babaha

    Babaha Recruit

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    Companies that provide binary options services are interested in losing your money, and then your money becomes their money.
     
  3. Forexrider

    Forexrider Private

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    I am very new to the forex market itself, and binary options trading is currently far from my thought because of my poor understanding. But what i understand is that it is riskier than forex market trading.
     
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  4. todd55555

    todd55555 Recruit

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    Binary options is the same thing as going to a casino and placing a bet on the slot machine. I would never reccomend them coz i have a good friend of mine who tried them and lost hard.
     
  5. CRPA9

    CRPA9 Private

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    Binary is set out to make you lose in the long run.
     
  6. Christina Ledger

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    From what i understand, binary options was very much designed and created to fall somewhere between the gambling / gaming / finance industry. The only actual connection to finance that binary options has is the fact that their products are financially based. Saying that however that is where the connection ends. The binary options brokers are completely decentralised meaning that they are in no way connected to any form of liquidity provider or financial feed. As far as I could ever see they were purely fed down from somewhere like Reuters. Add into the mix that fact that not only do the prices they provide are done so to 5+ digits and the "trader" is on a time constraint makes it very very easy for the"broker" to manipulate the trade result in their favour. Given the fact that in forex a brokers prices would be to only 4 digits you would have no evidence or place with binary to compare to if you were ever try and argue a losing trade. This is therefore no different to an online casino deciding for themselves which card would be produced when playing poker to benefit themselves.
     
  7. momo3HC

    momo3HC Corporal

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    For me BO are just a gambling. Short but that`s my opinion.
     
  8. JonTrades

    JonTrades Recruit

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    Fcuk Binary Options. Just dont trade them!

    100% made and price by dealers. Unless your an arbitrage trader they will take your cash.

    Love using risk reward ratios in Forex to create my own odds. Not an IG Markets dealer :p
     

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