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Why Binary Forex Options are better than Spot Forex

  • #481
  • Nov 15, 2009 2:52am Nov 15, 2009 2:52am
Why don't you just open another demo? It only takes 3 seconds and needs no email activation or anything like that.

One interessting thing I found out is when you trade binaries that haven't started yet they are priced at 48/52. You can observe this on the 20 Minutes FTSE Options. So if you are expecting a Bull/Bear Move in the next 20 minutes it's better to take the SellSide of one of those binaries. This way you're entering at 48 and your R:R is already >1. You could just sell all 20 Minutes Binaries for the whole day ( that's 20 binaries ) and hope that half of them close at 100 and half of them close at 0.
  • #482
  • Nov 15, 2009 2:42pm Nov 15, 2009 2:42pm
Quoting Tjpld
Why don't you just open another demo? It only takes 3 seconds and needs no email activation or anything like that.

One interessting thing I found out is when you trade binaries that haven't started yet they are priced at 48/52. You can observe this on the 20 Minutes FTSE Options. So if you are expecting a Bull/Bear Move in the next 20 minutes it's better to take the SellSide of one of those binaries. This way you're entering at 48 and your R:R is already >1. You could just sell all 20 Minutes Binaries for the whole day ( that's 20 binaries )...
OK done it. I thought I'd tried before and failed - I assumed they had a record of the IP address. Anywho, I've signed up under a different name this time just to be sure.
  • #483
  • Nov 15, 2009 2:54pm Nov 15, 2009 2:54pm
Quoting PeterFM
OK done it. I thought I'd tried before and failed - I assumed they had a record of the IP address. Anywho, I've signed up under a different name this time just to be sure.
No doesn't matter if you use the same IP Address. I have a static IP and can create new demos non-stop. Just fill the fields with "hsdfkusdfnk" and you should be able to create unlimited amounts of accounts.
  • #484
  • Nov 16, 2009 12:28pm Nov 16, 2009 12:28pm
Thought I'd check back in with this thread and see how everybody is doing.

TJPLD, are you referring to the FTSE Options on IG Markets, on their "PureDeal" platform? If so, I can't find them. If not, please tell me where you find these FTSE options.

Thanks!


Quoting Tjpld
Why don't you just open another demo? It only takes 3 seconds and needs no email activation or anything like that.

One interessting thing I found out is when you trade binaries that haven't started yet they are priced at 48/52. You can observe this on the 20 Minutes FTSE Options. So if you are expecting a Bull/Bear Move in the next 20 minutes it's better to take the SellSide of one of those binaries. This way you're entering at 48 and your R:R is already >1. You could just sell all 20 Minutes Binaries for the whole day ( that's 20 binaries ) and...
  • #485
  • Nov 16, 2009 1:29pm Nov 16, 2009 1:29pm
A couple of trades today. One was what I call my banker bet which while I was away from the computer actually would have looked a bit dodgy. That one is the bet to close above 1.4910

In fact that is the sort of trade I'd like to pick up in the future - ie one where price is testing a support level and is looking cheap for a buy to close above and price then leaps back up the chart.

The other also looked to be struggling but in the last half-hour sprung into life and I closed with a decent profit once price started to struggle around the 1.5010 area. With a half-hour to go it didn't seem worth the risk of a big drop back for the sake of 10 pips.

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  • #486
  • Nov 16, 2009 1:32pm Nov 16, 2009 1:32pm
Quoting Dreamliner
Thought I'd check back in with this thread and see how everybody is doing.

TJPLD, are you referring to the FTSE Options on IG Markets, on their "PureDeal" platform? If so, I can't find them. If not, please tell me where you find these FTSE options.

Thanks!
Yes I'm referring to those.
Just found out that if I log on to my Demo via. igmarkets.co.uk I don't have them either. If you log on over the german igmarkets.de Website you will have 20 Minutes Binaries for Dow and FTSE. You can only bet on Higher or Lower Close but every 20 Minutes. One time i managed to take my 100k to over 1 Million in abit over 1 Hour just by margining out on these and getting 4 right one after another. If you buy all you can get and Short Sell so you get in at 48 you will more than double your account even if price just moves 1 Pip.
  • #487
  • Nov 16, 2009 1:54pm Nov 16, 2009 1:54pm
Quoting Tjpld
Yes I'm referring to those.
Just found out that if I log on to my Demo via. igmarkets.co.uk I don't have them either. If you log on over the german igmarkets.de Website you will have 20 Minutes Binaries for Dow and FTSE. You can only bet on Higher or Lower Close but every 20 Minutes. One time i managed to take my 100k to over 1 Million in abit over 1 Hour just by margining out on these and getting 4 right one after another. If you buy all you can get and Short Sell so you get in at 48 you will more than double your account even if price just moves...
Does this mean that those in the USA cannot trade this method, or do you know?

Also, do you have a link to open a demo account with their UK page?
  • #488
  • Nov 16, 2009 2:08pm Nov 16, 2009 2:08pm
I find it surprising myself that I have options that other people don't have. Don't know what's the reason for that. It seems that no matter where you registered your Demo you can login on every IGMarkets Website with it.
  • #489
  • Nov 16, 2009 2:15pm Nov 16, 2009 2:15pm
Quoting Tjpld
I find it surprising myself that I have options that other people don't have. Don't know what's the reason for that. It seems that no matter where you registered your Demo you can login on every IGMarkets Website with it.
I registered in the USA site, and cannot login on the UK site. I get this error message:

"The details you have entered are not valid for this site. Login details are only valid for a single site within our group, so please visit the appropriate site to log in (or apply for a separate account through this site)."

And I found out that USA traders cannot trade FTSE options.
  • #490
  • Nov 16, 2009 2:30pm Nov 16, 2009 2:30pm
I registered mine at igmarkets Germany and can login at the co.uk website. Strange.

https://demo.igmarkets.com/content/s...mo_pop.html?qs

Here you can make a german demo if you want. The registration form should be pretty much the same.
  • #491
  • Nov 16, 2009 2:52pm Nov 16, 2009 2:52pm
Quoting Tjpld
I registered mine at igmarkets Germany and can login at the co.uk website. Strange.

https://demo.igmarkets.com/content/s...mo_pop.html?qs

Here you can make a german demo if you want. The registration form should be pretty much the same.
Except I don't read or type German . Thanks anyway for your help.
  • #492
  • Nov 16, 2009 3:02pm Nov 16, 2009 3:02pm
Shouldn't be to hard if you know the english platform.
Most words are quite similar.
  • #493
  • Nov 17, 2009 4:32pm Nov 17, 2009 4:32pm
Quoting Tjpld
Why don't you just open another demo? It only takes 3 seconds and needs no email activation or anything like that.

One interessting thing I found out is when you trade binaries that haven't started yet they are priced at 48/52. You can observe this on the 20 Minutes FTSE Options. So if you are expecting a Bull/Bear Move in the next 20 minutes it's better to take the SellSide of one of those binaries. This way you're entering at 48 and your R:R is already >1. You could just sell all 20 Minutes Binaries for the whole day ( that's 20 binaries ) and...

Interesting thread here!


Don't quite understand what you mean...apologies if i'm being a bit dim....

Surely buying the binary to rise at 52 is the same as shorting it at 48? As is shorting the call option at 48 or buying the put at 52...all have a risk of 52 and a reward of 48....one doesn't 'buy' at 48 in any of these possibilities...
  • #494
  • Nov 17, 2009 5:28pm Nov 17, 2009 5:28pm
Quoting linleysound
Interesting thread here!


Don't quite understand what you mean...apologies if i'm being a bit dim....

Surely buying the binary to rise at 52 is the same as shorting it at 48? As is shorting the call option at 48 or buying the put at 52...all have a risk of 52 and a reward of 48....one doesn't 'buy' at 48 in any of these possibilities...
You're right. If you're shorting the "XY will fall" at 48 you look for the option to expire at 0. If you buy the "XY will rise" at 52 you want it to end at 100. Both will yield 48 points.
  • #495
  • Nov 27, 2009 5:38am Nov 27, 2009 5:38am
Hi People,

I have read through this thread from the start and its interesting what you have been discussing... I have been thinking along the same lines lately myself. My question is in relation to a martingale style of stake for binaries... I know what you're thinking by the way as I have been burned before using a martingale system for sports betting however, I did only manage to lose money previously made so I had no direct lose to myself.. Anyway, have any of you ever looked in to 5 minute up/down binary bet where the trend is really strong in whatever direction and the candle closes above/below the sma 5. I have only visually tested this and taking into account S/R lines and the main trend on higher time frame that the most bets lost in a row is two.. I am thinking that if I were to place a very small stake each time but increase it after each loss (maybe not by double) in which case it is still a very small stake and increase it again after two losses after which it is still a pretty small stake maybe up to 20 euros or so by now.. After my visual back test it seems that you will rarely have to place a third stake that will lose...as the mostly I only have two losing candles in a row.. The comfort behind this idea is that starting with a very small stake (say 4 euros) placing maybe up to 40/50 bets per day that it could compound quite well over time...and the largest bet I would most likely have to make is about 15 euros... Just a thought and I'd be interested to hear your response...

Blinkers.........
  • #496
  • Mar 16, 2010 1:46am Mar 16, 2010 1:46am
cool infor
  • #497
  • Mar 19, 2010 4:11pm Mar 19, 2010 4:11pm
http://www.iggroup.com/
  • #498
  • Apr 11, 2010 3:33am Apr 11, 2010 3:33am
Signing up.

Lenoxer
  • #499
  • Apr 11, 2010 4:59am Apr 11, 2010 4:59am
a slightly less dead thread is over here:

http://www.forexfactory.com/showthread.php?t=186781
"If The Fool persists in his Folly he will become wise." - William Blake
  • #500
  • Edited May 6, 2010 3:36am May 5, 2010 2:31pm | Edited May 6, 2010 3:36am
Yoda...The information you have provided seems refreshing especially when most traders are skeptical over the Brokers who provide these options. However, there are so many contrasting reviews that for a rookie as myself it is somewhat difficult to understand the dychotomy. Perhaps you may be able to clarify as some reviews reflect the following:
1. Anyoption, EZTrader, Tradesmarter; Binarix, TraderXP, OptionBit and StartOptions are all off-shore and are more like gaming websites so it becomes questionable, especially given their limited trading platforms in spite of some offering demo accounts.
2. NADEX.COM & IGMARKETS.COM (one of which used to be HedgeStreet.com which you have mentioned in your threads) trade derivatives and binary options for numerous assets such as forex, stocks, etc just like the offshore but run differently in that they also allow hedging options. However, most reviews state that the both the and demo charts are not provided in real time; that there are frequent disconnects so that just that any changes in your trading are sometimes not reflected and thus you lose so that even if your reward ratio is higher than the Spot Options it frequently works against you due to technicalities. I myself wrote to Nadex and never received a response so in spite of their claim to be regulated it appears their business practice is not always spot on.

I tend to agree with you that binary options hold less risk for the trader and thus that is why I am so interested for I am not a seasoned trader but one who is intuitively adept simply because I am very careful in these processes.

So my question to you is are there more reputable brokers in this arena which you can name and is there a more functional manner or strategy that one can practice to ensure a fair outcome. I have considered separate charting in these practices but sometimes it becomes a somewhat confusing process. It would also be even better if some of these regulated ones offered Paypal. Believe it or not Paypal is very careful as to whom they allow as clients which makes it an additional insurance in protecting one's funds. Do you know of any?

Your feedback would really be appreciated.


Quoting Yoda_Glenn
For those who don’t know, Binary Forex Options are a type of option whereby every contract you buy pays out a $100. In a binary transaction you are pretty much betting against or for an outcome. For example, there maybe a binary contract that says the EUR/USD will close above 1.0824 at the end of the week. You would either sell this outcome (bet against it) or buy it (bet for it.) If you are right, then you win $100 per contract, and if you lose then you only lose only what you sold the contract for.
Quoting Yoda_Glenn

Ok,...
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