show me one advantage of binary options over spot forex | Forex Factory

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show me one advantage of binary options over spot forex

  • #1
  • First Post: Jul 22, 2012 8:39am Jul 22, 2012 8:39am
it seems that there are many people interested in binary options


show me one real advantage of trading binary option over trading spot forex
  • #2
  • Jul 22, 2012 1:01pm Jul 22, 2012 1:01pm
botog, I did a google research and I found it

it is impressive performance not sure whether it is true

I still belive that if someone is good at predicting the markets movements then trading through spot broker is better


binary options pretty much like gambling one pip difference can make you win or can make you lose
  • #3
  • Jul 22, 2012 1:09pm Jul 22, 2012 1:09pm
just last week i started $100 and now it's $450. i need to be disciplined and follow my strategy and plan to be successful. some people say it's gambling but it's not just like a toss coin where we just guess what will be the result. we need to follow our strategy and base on that we should pull the trigger. just like in regular fx trading, if we don't have good money management, good plan and good strategy, we will lose our capital.
botsog
  • #4
  • Jul 22, 2012 1:16pm Jul 22, 2012 1:16pm
my main argument is that if you can predict the next movement of currency/commodity why would not trade through spot forex brokers why you still prefer options

in spot forex :

you have all the advantages you got in binary options leverage money management plus no expiration date that you can wait for long until the market goes in ur direction
  • #5
  • Jul 22, 2012 1:28pm Jul 22, 2012 1:28pm
Both r great has respective pros n cons! Spot u count only on pips n needs lots of money to make bigger returns plus time but in binary limited risk you know how much u r gonna loose or gain in a specified time frame. And can make some Quickies as well(if u r seeing market is working towards u ) just put or call!
Just to give u an example of long term investment guaranteed is to call on EurUsd (1.21) for 3 months just Call n if u invest $500 now guaranteed return of $900! But if its spot then u don't know how much u will b making n if u invest 500 even if the trade reaches 1.26 how much will u make? Self explainatory!
Pl share some strategies that u guys r aware thanks Milton
  • #6
  • Jul 22, 2012 2:00pm Jul 22, 2012 2:00pm
Quoting hamad00
my main argument is that if you can predict the next movement of currency/commodity why would not trade through spot forex brokers why you still prefer options

in spot forex :

you have all the advantages you got in binary options leverage money management plus no expiration date that you can wait for long until the market goes in ur direction
One advantage I thought (I don't trade options but what I understand) is that it if you think for instance the Euro is going up against USD, if you're right it doesn't matter how far up it goes you win, whereas is spot forex you are relying on it going up enough pips to make it worth it? And as some of them you are betting only on the next 15minutes or 1hr etc you don't have to wait too long.
  • #7
  • Jul 22, 2012 3:05pm Jul 22, 2012 3:05pm
thanks for the response ohammond. i think your genesis matrix trading can be used in binary options trading.
botsog
  • #8
  • Jul 22, 2012 3:17pm Jul 22, 2012 3:17pm
Quoting botsog
thanks for the response ohammond. i think your genesis matrix trading can be used in binary options trading.
Funnily enough I have been thinking about that
  • #9
  • Jul 22, 2012 3:22pm Jul 22, 2012 3:22pm
i'm studying your genesis matrix. thanks for giving that strategy for free. kudos to you (ohammond), yelena, rj, cody and xaphod
botsog
  • #10
  • Jul 22, 2012 3:30pm Jul 22, 2012 3:30pm
Quoting botsog
i'm studying your genesis matrix. thanks for giving that strategy for free. kudos to you (ohammond), yelena, rj, cody and xaphod
You're welcome I hope you do well with it.
  • #11
  • Jul 22, 2012 4:37pm Jul 22, 2012 4:37pm
Quoting hamad00
it seems that there are many people interested in binary options


show me one real advantage of trading binary option over trading spot forex
I have tried trading Binary Options a couple months ago and had some beginners luck... turning $250 into $850 in 3 days of trading. Just like in spot forex trading money management is the key to success. I used only price action (support and resistance and candle formations on the one minute chart) and traded only Eur/Usd with 15 minute expirys. I hit a losing streak of 8 trades in a row and then got greedy and tried to win back what I had lost and bet it all on one trade and then lost it too. I think binary options are good if you have the discipline (which I am working hard to aquire) but just not for me right now. To much stress. Just my 2 cents. Good luck!
  • #12
  • Jul 22, 2012 4:43pm Jul 22, 2012 4:43pm
@bot thanks n I have been trading with traderush for couple of months n its been fun n tense moments. But m learning. Anyways I will study the same n respond
  • #13
  • Jul 22, 2012 7:07pm Jul 22, 2012 7:07pm
Can you deposit 1million with them? I don't think so(they win when you lose). Its a gambling platform. If you are too successful they will kick you out. The platform has so many tricks to hurt successful traders. Been there done that.

Binary options are still in its infancy. Just do not trade with significant money. You have been warned
  • #14
  • Jul 22, 2012 7:17pm Jul 22, 2012 7:17pm
Quoting adsanders
I hit a losing streak of 8 trades in a row and then got greedy and tried to win back what I had lost and bet it all on one trade and then lost it too. I think binary options are good if you have the discipline (which I am working hard to aquire) but just not for me right now. To much stress. Just my 2 cents. Good luck!
You think binary options are good; you got greedy and tried to "win back" what you had lost ?

Trading binary options from Vegas are we ??

I can only say that I despise binary options.
That's just me
When the Joker is in the deck.. fear not and play it well
  • #15
  • Jul 22, 2012 11:46pm Jul 22, 2012 11:46pm
In forex you can get favorable risk/reward ratios. Binaries are another story - Risk always exceeds reward. May as well play a slot machine at a casino. You are at a tremendous disadvantage. You have to be right 80+% of the time to make anything. In forex, with the right strategy, you can still make money being right only 40% of the time.
  • #16
  • Jul 23, 2012 1:18am Jul 23, 2012 1:18am
There were several ways to find this out, or you can also ask the expert so that you will have a clear and reliable information.
  • #17
  • Last Post: Jul 23, 2012 10:07am Jul 23, 2012 10:07am
Quoting Supertrader9
If you are too successful they will kick you out. The platform has so many tricks to hurt successful traders. Been there done that.
Yup. You are right! I used to earn USD4000++ within 1 week with capital USD2000. Unfortunately, i can't trade the product anymore because broker took out the function in platform. I called their office and they said no such product is offered to your country. Lol..... then why i could trade previously. After this case, i asked my friends as well and they also could not find the product and function in the platform. I think they/broker switch off the product and function to my country. This was regarding binary tunnel.
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