Loss of FX volatility & brokers - Are Binary Options for real?

Ok so I have been trading FX for about 3 years now and it seems that the market is getting less and less volatile, there seems to be little to know follow thru on moves and I am wondering if this is permanent or will eventually get better as countries raise rates and people can find yield in the market again. In addition more and more brokers are falling by the wayside. In the last 2 years I have had to switch brokers twice. First Alpari sold out to FXCM and now FXDD as well ( hmmm can you say US monopoly eventually. I guess Dodd and Frank didn't think of that did they, when they decided to protect me from myself and my pea sized brain that cant take responsibility for my actions. )

So anyway As I sit here with my small gain on USD/JPY of 20 pips which took all day to get I am wondering if Binary options are for real.
I am in the US and have been looking at a number of places to trade them. Today I messed around with Nadex and I can post the trades later but on one trade with a risk of $14.00 I made $400. My total for the day not including the expire have on USD/JPY for 7pm is a whopping $917.00 my largest risk was $42.00. The other platforms I have looked at have payouts of like 70% which means I need to hit about 55% of my trades to stay even. They are also in countries that are notorious for ripping people off and given what happened to all the bit coin folks I don't feel like having my broker use my money to fund a coffee shop and leave me in the cold. There is also the 200%bonuses offered and no demo accounts which make them all seem like casinos.

Long story short is there anyone on here who trades Binary or in general what are the views of those here at FF can you make money ( if you have a system ) and if so where do you start to learn.

Thanks to all time to watch the grass grow again

Voaltility goes up and down. Higher vol will return. The environment is one in which banks are closing down many trading desks and having to worry about keeping more cash in reserve for capital requirements. That means less money to speculate with. Added to that are low interest rates and lots of other things that can cause lower vol.

In terms of Binaries, the costs of trading these are quite high, and since so few can make money trading instruments with low trading costs, you have to wonder whether it's a good idea to trade things with high transaction costs.

Many people are quick to jump the gun and say binary options are gambling. So is forex trading, but if you know what you are doing then you can make money. Srmfx (I think that's how it is spelled) does it quite often. You can see examples in his thread. You should definitely check it out.

Thank you for the reply and I guess your comment is what I am wondering as it pertains to costs for trading Binary.

I have attached one of the trades I took today My entire risk was $37.00 with Binary all you can lose is what you risk initially and its set before the option is entered(unless I have that wrong). The trade moved 8 pips and the pay off was $300.00. If I were to take the USD/JPY long at the same point using lets say a default stop of 100 pips and targeted 3-1 which is what I would need to equal the profit, at $1.00 per pip I would have 8 pips and $8.00 with a $100.00 risk. If I were to trade larger pip values my stop to equal the same risk would have had to be much tighter. It seems as though I am missing something maybe you could explain the difference in costs.

Also could anyone maybe post a link to the thread by SMrk in a search he doesn't show up

Thanks

It's srmfx, not SMrk. His thread is titled: Following the big money

Try searching again its relatively easy to find

THanks FX Master but no go on the search

http://www.forexfactory.com/showthread.php?t=295873

if you look towards the end of the thread you'll see examples of his options trades

FUCK. I was just writing a long post here and it got deleted. Screw it, I'm not writing it again.

Ok, just kidding. Here's a brief synopsis:
- Mr. Frank and Chriss Dodd are morons.
- You can make money trading options, especially through NADEX.
- Options are no different than other forms of trading, it just requires superior discipline.
- You can make a mill or go broke trading options, take your pick.
- Volatility will eventually return to this market, but it will take some time.
- The summer months are characterized by a lack of volatility, quite like the winter doldrums.