Binary Options debate

Hi All,

Trading Binary Options (hourly, half hourly) becoming famous nowadays. Is there anybody who is successfully trading Binary Options and making consistent wins.

Please share your strategy here.

Thanks,

I have traded options for over ten years, and the only way that I have found to consistently make money using them is to write them.

I suspect the only ones consistently winning with binary options are the brokers.

There are already a few thread about binary options dude.
You should check an eye on them...even though they are pretty dead.
I am still in testing mode for binary option.

I still need to figure out some strategies.
A few days ago i sold eurusd monthly one touch 1,3550 at 50.
Let's see how this one plays out.

Otherwise i am mostly using the daily one touch options.
Up/down and ladder option seems to be the hardest for my style.

Good luck with binary trading, and have fun!

The correct question should be "Is there anybody who is successfully trading OPTIONS and making consistent wins?"

PS: I have never traded binary options, however, I traded normal equity and index options. Results were mixed. They require a LOT of analysis and calculations. It's not an easy thing.


Regards,

Nader

Agreed, however, it's usually 1 wrong trade and all the gains accumulated from writing options over years are wiped out in a matter of days or sometimes hours.


Regards,

Nader

Hi:

I've been learning to trade forex for almost two years and have gotten in a lot of screen time, mostly watching one pair. I'd settled down and gotten most of the indicators off my screen, but still couldn't make consistent pips.

I found binary options at the beginning of the month and opened an account with tradersroom (if anyone knows anything good or bad about them I'd love to hear it) to try it out. The account went from $250 to $533.50 in under a month w conservative trading. My plan calls for doing the exact same thing month after month and letting compounding double the account hopefully each month until I reach the practical limits of trade size.

This may sound like a big goal from one month's track record, but it's the same goal I started with two years ago and everything I've done has been with an emphasis on creating a repeatable trading strategy so I can do the same thing month after month and by compounding the account, make more money each month for the same amount of work.

I don't think There's a big secret formula to my trading - I just watch price action when it's slow and buy or sell accordingly. If there's any secret to trading, I'd guess it's putting in more screen time than most people are willing to and not giving up when most people would.

The binary options works for me, but it's in combination with everything else I've tried and seen over a two year period. I also like that the options force a limit of time length of exposure, on risk, and set a defined reward - so I don't have to worry about when to take a profit. All I have to do is watch PA.

Hi pippindog, are you still trading binaries? and if so, what has become of your ambitious plan and growth?

Yes, its one my favorite ways to trade. I enjoy it more than forex. I trade usually just one or two trades a day with end of day expiry that average 70-80% for each win.

This week has been a great week. 4 trades/ 4 winners!

I am not a big fan of binary options as it is a relatively drak area. Although CySec offered to regualte this financial sector it is still very shady as I've heard sotry of brokers playing with the quoates to ensure their clients do not earn the profit (15min binaries). If the broker is unregualted you face great difficulties in withdrawing your funds so extreme caution should be taken

I recently started trading them.....They r easy to trade (atleast until now),lil profits coming up aswell bt currently im not risking big ...Also the broker im currently using has provided with some nice starter benefits ....currently its going well....will see how it turns out in future.....

I started a £250 account with 24option a year ago, and 950 trades later using the min £24 stake each time i got my balance up to £1200. The movement in data matches freestockcharts well and consistantly, never have i had cause to scream foul play with any of the 950 trades. I mainly use 5min expirys on EUR/GBP and stay well away from any news release. So far ive withdrawn £400 (got it quickly no problem) it's never going back in so i can consider myself a winner in that game no matter what happens.
Currently concentrating on my demo with fxcm, raised my balance by 2% in the first month using cautious stakes and if i stay consistant i'll start shifting money from 24option to a forex broker, unsure which one yet. Regardless of what happens i love this game, there's a lot of negativity around the threads on here but i won't be part of it, if you don't try then you have 0% chance of success. The 99.4% or whatever rate of failure just makes the goal even more valuble, making internet money in comfort and being part of the elite talented few! Yes please i'll have a go at that.

I would however require an insane bankroll before i quit my day job

Hello frosty, do you mind sharing your strategy or the indicator you use?. Thanks in advance

Hello,

Nice thread. I love trading binary options!!! It is my favorite thing!

I recently turned a $100 deposit into $600 (600% return) in just two days, but that is not typical and it requires very aggressive -- not conservative -- trading. Unfortunately, I got too confident after that win and made a series of wreckless trades that just about destroyed it all... but I'm trying to accomplish this feat one more time and I know it can be done because I've done it before.

I am not new to trading, but am fairly new to binary options, so it is essential that you have a good system to analyze the market and make the correct decisions, which fortunately I do have. But even that is not enough, as one must still master the principles of patience, discipline, and conviction, and that is a lot harder than it sounds.

I primarily trade binaries that expire every 4 hours, but I'm starting to get into bull and bear spreads and also weekly options, provided that you have enough capital to do so.

I don't really like binary options, and I really dislike binary brokers.
They are just like casinos, and market makers. They know their clients (99% of them) will lose money. This is why they invest so much in marketing (such as 24option) to renew their members.

I've found that indicators only serve to give me the confidence to make bad decisions, especialy on the short timeframes. I'll usualy just look at 30min, 15min, 5min candlestick charts untill i think ive got a feel for whats going on before sitting with 1min candlesticks for a couple of hours doing thoretical trades to see if i'm in the right mindset. Very rarly have 50/50 days, i'll either get everything right or everything wrong, if i lose 2 times in a row i'll walk away for the day. I draw in resistance and support levels just for areas to be aware of, not to trade on.

Sorry i can't give any definitive advise as i'm essentaily going on gut feeling derived from the countless hours watching the market.

My account manager suggested that i should put on boliger bands, when it goes outside wait till itcomes back in then trade it as a reversal....... advise completly disregarded, it's like they expect me not to test this on lots of historical data. That woman is trying to lose me money, i'll stick to my usual plans thankyouverymuch

Iv recently been trading binary options and bull spreads and have had moderate success with weekly expire times trading daily and 4 hour price action. I think if you understand how the market you are trading works, you can make money wether its options, or forex trading.

The only thing I don't like about binary option brokers is the fact they offer a low max trade. At least with forex you can risk as much as you want.


If one were to "let it ride" they'd max out fairly quickly.

Take beeoptions for example
Max put/call $2,500

Starting with $100 after 6 trades you couldn't bet any higher. The chart below displays 70% compounded earnings.


1
$170.00
2
$289.00
3
$491.30
4
$835.21
5
$1,419.86
6
$2,413.76
7
$4,103.39

Although there are probably brokers with larger limits not many of them offer services to the usa (where I'm from). For some $2,500 ain't nothing to sneeze at and to others it's not nearly enough.

Anyways the point is no one is going to get rich earning $1,750 (70% of $2,500). You'd have to earn $1,750 572 times to make 1Mill which really isn't even rich more like "set for a bit" due to the major spending most people do when they hit it big. @ best your looking at 80% retun and 500 successful trades without a loss to earn 1 million dollars with the above mentioned parameters.

"Although there are probably brokers with larger limits not many of them offer services to the usa (where I'm from). For some $2,500 ain't nothing to sneeze at and to others it's not nearly enough."

Hello,
I'm not sure is you've looked around recently, but you shouldn't have much trouble finding a binary options broker that can meet your needs. I know of several broker that take US traders (as I myself am), have maximum trade size of $20,000 (for 1 contract) and no position limits at all. The $20,000 maximum is only the cap for a single option contract, but there is nothing preventing you from just buying multiple contracts at $20,000 each. Such numbers are admittedly too rich for me though!
I'd be happy to point you towards a few of them if you'd like. Anyway, good luck to you in all your trading!
Regards,
BinaryBoss