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Why Binary Forex Options are better than Spot Forex

  • #181
  • Jun 18, 2009 10:01pm Jun 18, 2009 10:01pm
How did you like the drop in the Eur/Usd today? I wonder if that move cleaned out anyone's binary account?
  • #182
  • Jun 18, 2009 10:10pm Jun 18, 2009 10:10pm
It would clear some that is not far away.
  • #183
  • Jun 18, 2009 10:45pm Jun 18, 2009 10:45pm
I think e/u stays down. Seems like 1.4 is holding up. Price has not been able to move above this mark this week. Stay tuned.
  • #184
  • Jun 18, 2009 11:50pm Jun 18, 2009 11:50pm
Anyone knows why instruments of FX daily ladder double up ?
Attached Image (click to enlarge)
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  • #185
  • Jun 19, 2009 7:23am Jun 19, 2009 7:23am
Quoting seafront
Anyone knows why instruments of FX daily ladder double up ?


Hmmm, thats interesting. Mine doesnt do that. Maybe try updating or changing your browser.
  • #186
  • Jun 19, 2009 7:25am Jun 19, 2009 7:25am
Quoting siafx
How did you like the drop in the Eur/Usd today? I wonder if that move cleaned out anyone's binary account?
Not if you do it right. I'm up a total of 70% on my account since Monday.
  • #187
  • Jun 19, 2009 2:08pm Jun 19, 2009 2:08pm
All 5 of my trades closed profitably today. My beginning balance was $250.00 and it is currently $458.00, and should be $500.00 by Monday, which means it will have doubled in 5 trading days.

I am certainly not recommending anyone to trade this way, unless it is a "hit and run" method where you use a small amount of your trading capital and double your money quickly and leave. That is my plan. I may make it on Monday, or might lose it all. Either way it has been a fun learning experience.
  • #188
  • Jun 19, 2009 3:13pm Jun 19, 2009 3:13pm
Quoting Dreamliner
Not if you do it right. I'm up a total of 70% on my account since Monday.
Nice job. Withdraw that 250 and start again.
  • #189
  • Jun 19, 2009 3:16pm Jun 19, 2009 3:16pm
Quoting Tjpld
Nice job. Withdraw that 250 and start again.
I was thinking I'd double first and then withdraw, which would mean one more trading day.

How are you doing?
  • #190
  • Jun 19, 2009 3:42pm Jun 19, 2009 3:42pm
Hmmmm, IG Markets one touch Daily Contracts are looking nice...I may open an account with them....
Binary Options Trader
  • #191
  • Jun 19, 2009 3:54pm Jun 19, 2009 3:54pm
Quoting Yoda_Glenn
Hmmmm, IG Markets one touch Daily Contracts are looking nice...I may open an account with them....
What specifically are you looking at that looks nice? I see the daily one touch contracts (which are closed for the weekend), but what are you looking at that you think looks nice?
  • #192
  • Jun 19, 2009 5:10pm Jun 19, 2009 5:10pm
I wonder if you would have started with 2k would you have 1k right now? That would not be bad for one week.
  • #193
  • Jun 19, 2009 5:23pm Jun 19, 2009 5:23pm
Quoting ferndog
I wonder if you would have started with 2k would you have 1k right now? That would not be bad for one week.
You mean have an additional 1K?

I personally wouldn't start with that big of an account; some have plenty of funds to do that with, I don't. I just started with some "spending money" and thought I would see how it went. About halfway into the week I realized that I had a pretty good system going, in the short term.

I just look at the trend, support resistance, daily range, and take a ladder that is in the money.

Again, the worst thing about this system is the risk reward. That's why I wouldn't trade any serious capital on it. All it takes is one loss...
  • #194
  • Jun 19, 2009 5:29pm Jun 19, 2009 5:29pm
I was just thinking since you doubled your money if you started with 2k would you have 1k of profit now. Of course it would be with money you could afford to play around with.
  • #195
  • Jun 19, 2009 5:43pm Jun 19, 2009 5:43pm
Quoting Dreamliner
What specifically are you looking at that looks nice? I see the daily one touch contracts (which are closed for the weekend), but what are you looking at that you think looks nice?
I mean the concept of trading them looks nice.
Binary Options Trader
  • #196
  • Jun 19, 2009 5:44pm Jun 19, 2009 5:44pm
Quoting ferndog
I was just thinking since you doubled your money if you started with 2k would you have 1k of profit now. Of course it would be with money you could afford to play around with.
Don't you mean he would have $1700 right now?
Binary Options Trader
  • #197
  • Jun 19, 2009 5:54pm Jun 19, 2009 5:54pm
I don't know because i don't know all the trades made. I was wondering since the acct was doubled if starting with 2k you would have 1k profit now. I'm sure the profit would have been good.
  • #198
  • Jun 19, 2009 5:57pm Jun 19, 2009 5:57pm
Quoting ferndog
I don't know because i don't know all the trades made. I was wondering since the acct was doubled if starting with 2k you would have 1k profit now. I'm sure the profit would have been good.
My account hasn't doubled yet. I began with $250.00 and I closed out today at $458.53. I assume on Monday it will be doubled (or entirely wiped out).
  • #199
  • Jun 19, 2009 6:04pm Jun 19, 2009 6:04pm
Quoting Dreamliner
My account hasn't doubled yet. I began with $250.00 and I closed out today at $458.53. I assume on Monday it will be doubled (or entirely wiped out).
I hope you don't blow up your account! With the way the economy has been, you may need it for retirement.
  • #200
  • Jun 19, 2009 6:07pm Jun 19, 2009 6:07pm
Quoting siafx
I hope you don't blow up your account! With the way the economy has been, you may need it for retirement.
Good point! I always trade tiny amounts in ventures like this so that if it blows up I chalk it up to a learning experience. So far I've discovered that I like this way of trading much more than spot FX, though I still use the same methodology. I love making money if the market goes in the direction I think it will, if it goes sideways, or if it goes in the wrong direction up to a point.
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