Binary Options Anyone? Anybody have long term experience with Binaries? | Forex Factory

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Binary Options Anyone? Anybody have long term experience with Binaries?

  • #1
  • First Post: Edited 3:14pm Nov 18, 2012 1:55am | Edited 3:14pm
I have recently started binaries...so far they r looking easy to handle and generating fast profits if handled properly....anyone else doing them?
  • #2
  • Nov 18, 2012 3:28am Nov 18, 2012 3:28am
Careful with these...
  • #3
  • Nov 18, 2012 10:08am Nov 18, 2012 10:08am
Quoting Ammeo
I have recently started binaries...so far they r looking easy to handle and generating fast profits if handled properly....anyone else doing them?
I have done them in the past. I mostly learned how to operate them from watching youtube videos. Many people believe that binary trading is a scam. Yet, I for one have been able to cash out, and earn more profit in binary then regular mt4 trading. I honestly believe one has mastered charting should trading binaries as you earn more for every position held. Ammeo if your interested, we can exchange ideas and methods over this thread if you like.
  • #4
  • Nov 18, 2012 11:12am Nov 18, 2012 11:12am
Quoting AmberLynn
I have done them in the past. I mostly learned how to operate them from watching youtube videos. Many people believe that binary trading is a scam. Yet, I for one have been able to cash out, and earn more profit in binary then regular mt4 trading. I honestly believe one has mastered charting should trading binaries as you earn more for every position held. Ammeo if your interested, we can exchange ideas and methods over this thread if you like.
Hi AmberLynn ,thanks for ur concern...i have a bad habit of getting involved into trading every kind of trading instrument ..
This time its Binaries turn.....i have recently opened an account with a Binaries broker and doing trading on a part time basis.....so far its looking good...there have been a few profits (if not big) coming....Maybe u can tell me a lot abt them as u seem to have experience with them....
  • #5
  • Nov 18, 2012 11:48am Nov 18, 2012 11:48am
Quoting Ammeo
Hi AmberLynn ,thanks for ur concern...i have a bad habit of getting involved into trading every kind of trading instrument ..
This time its Binaries turn.....i have recently opened an account with a Binaries broker and doing trading on a part time basis.....so far its looking good...there have been a few profits (if not big) coming....Maybe u can tell me a lot abt them as u seem to have experience with them....
Well I only have a total of one month experience with binary. I actually quit using it because I did so well, and figured I could do the same with mt4 trading. Come to find out, I have not been able to come close to those profits. I'm thinking about funding my binary account again. Yet, it is just so hard to let mt4 trading go. I will be sure to share some tips with you as soon as I get back home.
  • #6
  • Nov 18, 2012 5:06pm Nov 18, 2012 5:06pm
Quoting Ammeo
Maybe u can tell me a lot about them as u seem to have experience with them....
Well for the most part. I believe binaries is the best way to go if your a charter. I see many people on forums referring to "THINGS TO COME" days/months from now. Only for it to never occur. Binary trading isn't meant for them, as time is your ONLY stoploss in binaries. I for one trade only using the 1m chart, which of course would suggest I am a breakout trader.
Most cases binary options will give you anywhere from 75 to 85% profit if you can simply guess a 5 to 7 point swing, from the time in which you entered your position. In the picture which I have posted. It is past trades I have placed. If you simply look at the second transaction, it will reveal to you I placed what is known as a "STRIKE" wager. Which means EUR will touch a specific price, within a certain amount of time. Usually its no more then 1 hour. With as little as 5 min.
I Truly believe this form of trading (binary) is the most profitable. Although many people may point out many risk of trading binary. The reality is the same risk can be found even with the best of brokers. I for have lost and won positions by .00001 on many instances. Yet most of your wins will come by more then 1 point anyway, because you (well I) trade based on the breakout theory. So the main benefit for me trading binary, then trading with extremely high leverage is that a whiplash before the spike wont affect me in binary.
  • #7
  • Nov 20, 2012 9:25pm Nov 20, 2012 9:25pm
Quoting AmberLynn
Well for the most part. I believe binaries is the best way to go if your a charter. I see many people on forums referring to "THINGS TO COME" days/months from now. Only for it to never occur. Binary trading isn't meant for them, as time is your ONLY stoploss in binaries. I for one trade only using the 1m chart, which of course would suggest I am a breakout trader.
Most cases binary options will give you anywhere from 75 to 85% profit if you can simply guess a 5 to 7 point swing, from the time in which you entered your position. In the picture...
Its been a week or two for me too trading binaries ..at first i was trying to do the same thing (trading breakouts/news/low level charts) ...now i've changed it a bit..i make custom contracts and try to trade the daily and H4 charts setups ....i have a few bad experience doing Spot Forex on lower timeframes and maybe i wont want to do the same to binaries.
  • #8
  • Nov 24, 2012 5:37am Nov 24, 2012 5:37am
Who is using which Binaries broker??
  • #9
  • Nov 24, 2012 12:47pm Nov 24, 2012 12:47pm
Quoting Ammeo
Who is using which Binaries broker??
I use 24options Only thing I dislike is the payout. A week is a bit to long for me
  • #10
  • Last Post: Nov 24, 2012 11:16pm Nov 24, 2012 11:16pm
Quoting AmberLynn
I use 24options Only thing I dislike is the payout. A week is a bit to long for me
Hmm i'll check them out ,im currently with Beaned which looks quite a decent broker
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