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Why Binary Forex Options are better than Spot Forex

  • #721
  • Jul 18, 2016 7:49am Jul 18, 2016 7:49am
Quoting roughtrader
{quote}Binary Options is a fraud!! I probably have a better chance in Vegas. definitely NOT better than Forex,
Absolutely right!
People who can't figure this out are the biggest suckers anyway.

Go better play roulette instead of this crap.
  • #722
  • Sep 12, 2016 4:40am Sep 12, 2016 4:40am
Actually there are few black sheep broker in this binary options business and that is the reason we notice many complaints about binary options trading however it is also similar to forex trading but bit easier where you does not have to hassle for stop losses, leverage & spread issues but it cannot be classified in gambling like many traders resembles it with..
  • #723
  • Nov 24, 2016 2:56am Nov 24, 2016 2:56am
If you can trade spot profitably, you definitely can trade binary... same trading method with less parameters.
  • #724
  • Jan 6, 2017 10:23am Jan 6, 2017 10:23am
I think money management is key with Binaries. I'm gonna start doing Nadex live this month and I'll let u guys know how it goes. I've also traded on the European platforms
  • #726
  • Aug 10, 2017 8:26am Aug 10, 2017 8:26am
Quoting jollypk
Actually there are few black sheep broker in this binary options business and that is the reason we notice many complaints about binary options trading however it is also similar to forex trading but bit easier where you does not have to hassle for stop losses, leverage & spread issues but it cannot be classified in gambling like many traders resembles it with..
Is it just a few black sheep or are the majority black sheep?

According to the testimony of the Israeli top cop Israeli crime syndicates have been profiting from the binary options scams. In his speech the police Superintendent admitted the authorities have failed for a long time to realize that the binary options industry was a scam and that behind it were standing organized criminal groups who profiteered from it.

These allegations sound very serious. If it’s like that in Israel, what is it like in a country with fewer laws regulating the work of these brokers?
  • #727
  • Aug 10, 2017 3:11pm Aug 10, 2017 3:11pm
i agree its much less stress trading binary
  • #728
  • Feb 8, 2018 9:20am Feb 8, 2018 9:20am
Here is yet more proof that binary options brokers are not to be trusted: according to a recent FCA report, British citizens lose lose an average of GBP 87,000 a day to binary options scams. The watchdog warned that such scammers often promote themselves online and via social media channels, such as Facebook, Instagram and Twitter. They promise high returns and use images of luxurious items like expensive watches and cars and yachts to lure the people to put money in the scam.

After that, they usually distort prices on their website or refuse to return the clients’ funds using all sorts of excuses and citing impossible withdrawal conditions or simply shut down the client’s account and disappear with the money.

Don’t trust anything a binary options broker tells you.
  • #729
  • Apr 28, 2018 9:26am Apr 28, 2018 9:26am
Quoting mlawson71
Here is yet more proof that binary options brokers are not to be trusted: according to a recent FCA report, British citizens lose lose an average of GBP 87,000 a day to binary options scams. The watchdog warned that such scammers often promote themselves online and via social media channels, such as Facebook, Instagram and Twitter. They promise high returns and use images of luxurious items like expensive watches and cars and yachts to lure the...
The sad part of all of this all is that people focus on the scam in stead of what a particular trader is doing over at that broker. I habve seen a ton of comparison tto Vegas and odds but why isn't it that the actual odds aren't ever mentioned? Wouldn't my odds be different depending on the system I am using even if it is spot forex? I'd contest that you have enough scams in spot as you do in binary. It would be nice to state which brokers are honest, but i have deposited with 24optionoptions and at the end of the week i will make a withdrawal and see how much of a scam it is.
  • #730
  • Oct 16, 2019 5:17am Oct 16, 2019 5:17am
I think they both got + and - , so spot forex vs binary is like comparing coffee and a tea. Just pick what you love the most.
  • #731
  • Feb 11, 2020 11:14am Feb 11, 2020 11:14am
I constantly compare binary options and forex to determine which of these areas is more productive and safer. After all, on the one hand you have the opportunity to work more dynamically, but on the other you can wait for a certain drawdown and still take a good profit from the predicted position. And both of these areas are very interesting. But still, I think that Forex is a more promising area, because you can work with different amounts, adjust leverage, etc.. It allows you to trade more productively, but I admit that this may be my subjective opinion. And I also know people who make great money on binary options.
  • #732
  • Feb 11, 2020 11:24am Feb 11, 2020 11:24am
Quoting Infassen
I constantly compare binary options and forex to determine which of these areas is more productive and safer. After all, on the one hand you have the opportunity to work more dynamically, but on the other you can wait for a certain drawdown and still take a good profit from the predicted position. And both of these areas are very interesting. But still, I think that Forex is a more promising area, because you can work with different amounts, adjust leverage, etc.. It allows you to trade more productively, but I admit that this may be my subjective...
Hi, just out of interest, and i unless i've missed something somewhere. binary options have been banned by most countries that i know of, because of their inherent nature, they are a con!. Simple sever time manipulation down to milleseconds, there is no control apart from by the actual companies(brokers) who are doing the ripping off of customers in the first place, hence why they were banned.
  • #733
  • Jul 21, 2023 2:42pm Jul 21, 2023 2:42pm
forget everything and use only this arrow indicator with 99% wins and no repainting
Attached File(s)
File Type: ex4 HFT Va-mod injector_2.ex4   400 KB | 331 downloads
  • #734
  • Jul 22, 2023 7:42am Jul 22, 2023 7:42am
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. Ok, So let me explain to you why Binary Forex...
1 Binary shops are typically scam brokers. 2. Any shop that is offering real contract contracts has to be able to synthetically replicate the contracts they offer with the underlying in order to eliminate directional risk and profit from the spread.
ri · skuht
  • #735
  • Last Post: Jul 24, 2023 6:51am Jul 24, 2023 6:51am
Binary options adds additional layer of complexity to trading analysis - besides direction you have to guess time as well (will the price stay above or below the current for some particular time). I don't think payout % compensate enough for this risk feature.
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