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

[Michel123]

I like the idea of opening the small account and trying to withdrawal. Although, I havn't made even a penny on live binary accounts) So, don't really fill like going deeply into it)

 

[Pharaoh]

You can find forex brokers that will let you open an account with much less than $100. Most binary companies want more. Why risk money on a trading method that already stacks the risk/reward ratio against you and has so many complaints about withdrawal issues?

 

[Floriano]

To make a lot of money in binary options on a consistent basis your going to need to follow a strategy which gets you the highest returns but keeps your risk low.

 

[GOR FX]

Binary Options...... maybe after some few years when the scam brokers close shop and the "genuine" guys get regulated. Till then, I have better chances of winning while playing black jack.

GOR

 

[willforex]

Binary Options...... maybe after some few years when the scam brokers close shop and the "genuine" guys get regulated. Till then, I have better chances of winning while playing black jack.

GOR

Well said mate.

 

[AndrewSW]

Instead of binary options you better play roulette, betting red or black. The idea is the same, but in casino you win 100% instead of 60-85.

 

[Pharaoh]

To make a lot of money in binary options on a consistent basis your going to need to follow a strategy which gets you the highest returns but keeps your risk low.

The first part of that strategy would be to reduce your risk by not trading binary options.

 

[Zhuk]

Well, there is a way to succeed in binary trading: you just need to become a fortuneteller and that's it! We can eve create special service for binary traders. Crystalball com...they Will be chatting on-line with our most reliable magicians or something like this.

 

[Pharaoh]

I'm sure there are some successful strategies for news trading Binary Options. The issue is that so many people have reported that extracting their profits from binary brokers is difficult, if not impossible.

Considering the automatic negative risk/reward ratio built into binary trading and you would be better off applying that news trading strategy at a decent ECN forex broker.

 

[Mozzy]

I was doing Binary options. Will never do it again. I was not able to withdraw money from the account in ether way. All my broker said was: "Sorry, technical problems. Try next week" And guess what, at some point started to act weird: not closing trades at the time, demo and live account act differently. So I just blew up an account and this is it.