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Binary Forex Trading Journal

  • #141
  • Sep 14, 2009 1:32pm Sep 14, 2009 1:32pm
Quoting PeterFM
Dumb-ass trades are Dumb-ass trades and you get everything you deserve.

End of story, but thanks anyway .

Last week was mine. Latency times are critical on Nadex. I tried to close a binary that went against me. Then I panicked and pushed the button again...not only closed the old position, but also got a new position for which retribution was swift! Lost total of about $40...stupid...

Reset for this week and now back on track to profit. Look out for computer latency!!!

Bohunck
  • #142
  • Sep 16, 2009 7:28am Sep 16, 2009 7:28am
Quoting bohunck
Last week was mine. Latency times are critical on Nadex. I tried to close a binary that went against me. Then I panicked and pushed the button again...not only closed the old position, but also got a new position for which retribution was swift! Lost total of about $40...stupid...

Reset for this week and now back on track to profit. Look out for computer latency!!!

Bohunck
One of the reasons why I no longer trade with Nadex anymore. I'm on IG Markets. Nadex has cost me money for this very same problem. Their platform is horrible, imo. Go with IG Markets.
Binary Options Trader
  • #143
  • Sep 18, 2009 1:37am Sep 18, 2009 1:37am
Just like to say hello to everyone here I have spent last couple days reading both Yodas thread and this one. I have been interested in Binary for a while and finally just searched it here on FF...definatly a niche market vs spot trading.

I opened a demo account with IG UK and betonmarkets.com...i love betonmarkets.com as they have tons of different options to choose from as far as trading goes Too bad some features, like 15m-1hr time frames, are only available in thier demo account as i have been pretty successful trading short term no-touch/touches.
  • #144
  • Sep 22, 2009 8:46pm Sep 22, 2009 8:46pm
Just bumping up the thread 'cuz I don't want to see it die on the vine. I wondered if anyone else is still doing this high risk/low reward strategy?

I'm still in the game and hope that I'm not totally alone? Lucas? Yoda, Peter, Anyone?

Regards,
Bohunck
  • #145
  • Oct 12, 2009 1:24am Oct 12, 2009 1:24am
Im working on it...i was wondering who was left myself. Had a great week up until friday when i lost a huge chunk of my account on Korea Futures...i always went by what puredeal said was the closing time of the market and got burned when the korea futures kept trading till 7:15 so i watched my profit goto loss without being able to do anything about it Never trading that again...
  • #146
  • Oct 26, 2009 2:05pm Oct 26, 2009 2:05pm
Does anyone know exactly when the forex daily binaries expire?
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #147
  • Oct 26, 2009 2:37pm Oct 26, 2009 2:37pm
Quoting Gambler180
Does anyone know exactly when the forex daily binaries expire?
For Nadex it is 19:00 GMT
  • #148
  • Oct 26, 2009 2:44pm Oct 26, 2009 2:44pm
Quoting bohunck
For Nadex it is 19:00 GMT
What about IGmarkets?
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #149
  • Oct 26, 2009 2:53pm Oct 26, 2009 2:53pm
Quoting Gambler180
What about IGmarkets?
All the stats are here.

http://www.igmarkets.co.uk/cfd/options-cd.html
  • #150
  • Oct 26, 2009 2:58pm Oct 26, 2009 2:58pm
Quoting bohunck
Just bumping up the thread 'cuz I don't want to see it die on the vine. I wondered if anyone else is still doing this high risk/low reward strategy?

I'm still in the game and hope that I'm not totally alone? Lucas? Yoda, Peter, Anyone?

Regards,
Bohunck
Not yet, Bohunk, I'm building up my spot FX account to a point where I can move it from the States and spread it around several types of market over here.

I'll be doing BOs, spreadbetting and spot but all with UK brokers. So I want enough dough to add to the lump sum coming from my pension to do each one with a decent fund.

So, I'm still keen to hear of different strategies for when I'm ready to go.
  • #151
  • Oct 26, 2009 3:55pm Oct 26, 2009 3:55pm
Quoting PeterFM
All the stats are here.

http://www.igmarkets.co.uk/cfd/options-cd.html
Thanks :-) I was unsure because I usually don't get the money before 20:15.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #152
  • Oct 27, 2009 11:02am Oct 27, 2009 11:02am
Quoting bohunck
Just bumping up the thread 'cuz I don't want to see it die on the vine. I wondered if anyone else is still doing this high risk/low reward strategy?

I'm still in the game and hope that I'm not totally alone? Lucas? Yoda, Peter, Anyone?

Regards,
Bohunck
I will be back in the game soon. Between getting what was probably H1N1, proposing to my girlfriend, trying to plan a wedding, and work, I have not had much time to trade spot or binaries. This is the first time I've been on the forum in a while.
  • #153
  • Oct 27, 2009 12:08pm Oct 27, 2009 12:08pm
Quoting lucashammer
I will be back in the game soon. Between getting what was probably H1N1, proposing to my girlfriend, trying to plan a wedding, and work, I have not had much time to trade spot or binaries. This is the first time I've been on the forum in a while.
Call them excuses? What a wimp .
  • #154
  • Oct 27, 2009 11:08pm Oct 27, 2009 11:08pm
Quoting lucashammer
I will be back in the game soon. Between getting what was probably H1N1, proposing to my girlfriend, trying to plan a wedding, and work, I have not had much time to trade spot or binaries. This is the first time I've been on the forum in a while.
Good to hear you got over it! Congrats on the engagement!

Oh and welcome back!
  • #155
  • Nov 21, 2009 1:57am Nov 21, 2009 1:57am
HI all

is anyone still trading Binary FX ? ... i just started to learn about this interesting fixed odds .. trading...

but i read that you guys cut your losses short ? how is that possible omn fixed odds instruments ? .. isnt it clear form the opening on your trade waht you are except to lose and to win ?..

or can you still lose more then invested ?

on betonmarkets .. it looks clear wehn you price your bet ..
will open a demo acc. soon..

how is it on IG markets ?


looking forward to your answers ..
  • #156
  • Dec 27, 2009 2:36pm Dec 27, 2009 2:36pm
Can anyone say for sure whether or not this is bookmaking. Does IG Markets only earn money on binaries when their clients lose or do they somehow also earn money when we win. I am worried that they will limit my maximum bet size when I start to earn too much. Should I expect to be able to earn a couple millions on binaries or will they somehow stop me before I have done that.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #157
  • Jan 26, 2010 3:25pm Jan 26, 2010 3:25pm
How much money can I realistically expect to earn on binaries before they don't offer them anymore? There must be a limit to how much they are willing to lose.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #158
  • Mar 13, 2010 3:04am Mar 13, 2010 3:04am
Quoting Gambler180
How much money can I realistically expect to earn on binaries before they don't offer them anymore? There must be a limit to how much they are willing to lose.
Always an excellent question, Gambler.

But if Nadex is (supposedly?) an exchange, then there is no marketmaker profit motive at all, right? Your profit potential is only limited by the liquidity of the market that the exchange can make. So, how big is that in Nadex? Anybody know? Is there a maximum trade limit? Or what is a "large" order, in terms of # of contracts?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #159
  • Mar 14, 2010 8:28am Mar 14, 2010 8:28am
Quoting The Fool
Always an excellent question, Gambler.

But if Nadex is (supposedly?) an exchange, then there is no marketmaker profit motive at all, right? Your profit potential is only limited by the liquidity of the market that the exchange can make. So, how big is that in Nadex? Anybody know? Is there a maximum trade limit? Or what is a "large" order, in terms of # of contracts?
What about IG Markets?
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #160
  • Mar 14, 2010 1:18pm Mar 14, 2010 1:18pm
Quoting The Fool
Always an excellent question, Gambler.

But if Nadex is (supposedly?) an exchange, then there is no marketmaker profit motive at all, right? Your profit potential is only limited by the liquidity of the market that the exchange can make. So, how big is that in Nadex? Anybody know? Is there a maximum trade limit? Or what is a "large" order, in terms of # of contracts?
I believe 20 contracts is the max on a single price. I have bought 10 at a time plenty of times. So for example u want euro to be above 1.3700 in a day or week u can buy max 20 contracts at the specified price. But there are many prices available. Prices come in 20 pip increments daily. Weekly increments are larger. I only have traded live at Nadex.
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