1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

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

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

  1. GOR FX

    GOR FX Sergeant

    Joined:
    Mar 9, 2013
    Messages:
    183
    Likes Received:
    3
    Got a call from onetwotrade and the caller claims to be a senior trader there.
    After 20 mins of registering a free account and a lot of coercion the guy tells
    me to make a deposit to the binary account.
    These guys won't offer any security on your deposit and its basically a gamble.
    Keep away from such please.
     
  2. 24scam

    24scam Recruit

    Joined:
    Apr 6, 2013
    Messages:
    4
    Likes Received:
    0
    Thats true, binary options is nothing but a SCAM, and if ya win some money and try to withdraw,,,,god luck. STAY AWAY, like Rastafarian said: go to a casino, at least ya can have free drinks and at the same time have some fun hm..hm...hm
     
  3. Forexismyworld

    Forexismyworld Recruit

    Joined:
    Apr 16, 2013
    Messages:
    7
    Likes Received:
    0
    ATTENTION ALL Binary trading is high high high high high highhhhhhhhh RISK..... DO NOT AND I MEAN IT DO NOT TRADE BINARY WHY????

    Number one: Its Consider as gambling why is that? price of the currency moves up and down..... for example you need to bet your money lets say 500 dollers that gbp/usd will go up in 30 seconds like if the rate is 1.5300 if i goes up to 1.5302 you will make money if it does not with in the time limit you looooose. so after 30 seconds the price of the currency should be above 1.5302 or 1.5302 you make money.

    IF it does not you end up loosing.... think its like gambling in a casino... trade currency using normal Forex is better then binary i can bet you will loose money in an instant.... if you like to loose go to a casino you will loose money but you will have fun... instead if you trade in binary option only your blood pressure will go up... i never recommend this to anyone... please note forex is all about strategy and patience you will be successful not this stupid BINARY 30 second rule win or loose soo think about it people you really want to waste your hard earned money on binary???? NOT ME .... invest wisely and trade wisely if you want to invest in binary....give that money to a charity at least it will make you feel you are good human being

    Thanks
     
  4. Daniel_artFx

    Daniel_artFx Recruit

    Joined:
    Aug 31, 2010
    Messages:
    4
    Likes Received:
    0
    Yes, trading binary option resembles a casino
     
  5. binarydaily

    binarydaily Private, 1st Class

    Joined:
    Apr 25, 2013
    Messages:
    30
    Likes Received:
    0
    I agree that binary options are a lot like casino - you can lose all your money very fast if you choose to risk it ll. But Forex is just the same...
    The point is to know what you are doing and to be Patient. If you do your research and wait for the right timing - you can earn a lot of money without risking it all. You must never make a trade that you can't afford losing. Always wait for the right moment - when you calculations tells you that you have high chances to win, don't make a trade just because you can't wait!
     
  6. alanrox

    alanrox Corporal

    Joined:
    Feb 8, 2013
    Messages:
    177
    Likes Received:
    0
    High risk and trade at your own risk. If we can trade forex well we don't need to try binaries.
     
  7. tit_bit

    tit_bit Recruit

    Joined:
    Sep 7, 2010
    Messages:
    2
    Likes Received:
    0
    I think that trading binaries is like a gambling(
     
  8. binarydaily

    binarydaily Private, 1st Class

    Joined:
    Apr 25, 2013
    Messages:
    30
    Likes Received:
    0
    You only think so because you treat it like a gambler! Do your homework before you spend money just because you feel lucky. Instead read the charts and watch the finance news before you trade and you will see that if you know what you are doing - it's not a casino anymore!
     
  9. binarydaily

    binarydaily Private, 1st Class

    Joined:
    Apr 25, 2013
    Messages:
    30
    Likes Received:
    0
    Dear Rastafarian,
    Your "trading" strategy is good for the roulette in the casino - why do you even call it trading when you just gamble without even reading a single chart or analysis??? Of course you lost your money!
    So now you are saying binary options are scam - I suggest you to learn what it means to be a trader before you . 1st lesson will be - do your homework before you trade otherwise you are just gambling!!!
     
  10. Stanly

    Stanly Private

    Joined:
    May 19, 2010
    Messages:
    20
    Likes Received:
    0
    I see it the same way. On the other hand it might be interesting for UK citizens because of tax reasons?:confused:
     

Share This Page