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Binary Options

  • #1
  • First Post: Edited May 3, 2017 4:32am May 1, 2017 12:38pm | Edited May 3, 2017 4:32am
Hello Traders ! I tried binary options on demo with iq option, but I don't understand what is the catch, it is so simple, 10 hours of trading and I made 50% profit, they use charts from forex, I checked that.
Do we have binary option traders around here, I am interested if some one who is trading binary and can share his experience, what brokers do you use, how is withdrawals and etc.
And plz only traders who have traded with binary options, I am interested in experience!!!
Thanks in advance
Even though I walk through the darkest valley, I will fear no evil
  • #2
  • May 2, 2017 5:02am May 2, 2017 5:02am
get out before they take all your money
Learn, a forex trader must, unlearn and relearn he will.
  • #3
  • May 2, 2017 5:18am May 2, 2017 5:18am
Quoting monocor
Hello Traders ! I tried binary options on demo with iq option, but I don't understand what is the catch, it is so simple, 10 hours of trading and I made 50% profit, they use charts from forex, I checked that. Do we have binary option traders around here, I am interested if some one who is trading binary and can share his experience, what brokers do you use, how is withdrawals and etc. Thanks in advance
Your strategy?
So many in the Commercial section want to make me rich! :o
  • #4
  • May 2, 2017 9:14am May 2, 2017 9:14am
agree, get out asap.

they are designed to attract you, the minute you deposit anything you are suckered in. lose game, maybe you win. but you will lose it all.

I lost 20k gbp recently. happy to share my experiences with you if you wish
  • #5
  • May 2, 2017 12:55pm May 2, 2017 12:55pm
I don’t feel secure at any Binary option trading even though many times got larges bonus offer from forum communities. And I request not to invest grand capital in here. It’s too much volatile to predict something. Forex is more reliable Than it.
  • #6
  • May 3, 2017 4:22am May 3, 2017 4:22am
Quoting Vxc12
agree, get out asap. they are designed to attract you, the minute you deposit anything you are suckered in. lose game, maybe you win. but you will lose it all. I lost 20k gbp recently. happy to share my experiences with you if you wish
Can you share what went wrong ? Did you check charts, is it similar to forex?
Even though I walk through the darkest valley, I will fear no evil
  • #7
  • May 3, 2017 4:23am May 3, 2017 4:23am
Quoting FX-Flux
{quote} Your strategy?
Trend trading
Even though I walk through the darkest valley, I will fear no evil
  • #8
  • May 3, 2017 4:31am May 3, 2017 4:31am
To be clear, My question was about experience with binary options, not what is your thoughts about it
Even though I walk through the darkest valley, I will fear no evil
  • #9
  • May 3, 2017 4:38am May 3, 2017 4:38am
Binary options is designed to make you lose in long term. The odds against you. Learn more about negative expectancy in binary options before you invest.
  • #10
  • May 3, 2017 4:58am May 3, 2017 4:58am
Quoting monocor
Hello Traders ! I tried binary options on demo with iq option, but I don't understand what is the catch, it is so simple, 10 hours of trading and I made 50% profit, they use charts from forex, I checked that. Do we have binary option traders around here, I am interested if some one who is trading binary and can share his experience, what brokers do you use, how is withdrawals and etc. And plz only traders who have traded with binary options, I am interested in experience!!! Thanks in advance
Binary options are only Bad News!! Don't deposit real money with any binary Options broker! It is just an arcade game, if those still exist! Once you deposit real money, you can kiss it goodbye and any winnings, and you will have a lot of winnings, are just a joke! Save yourself a lot of heartache and tears, stay with Forex. You have been warned!
  • #11
  • May 3, 2017 5:23am May 3, 2017 5:23am
Quoting ronfis
Binary options is designed to make you lose in long term. The odds against you. Learn more about negative expectancy in binary options before you invest.
Thats what I am trying to do, I want traders, who have traded binary, share their experience. I don't want to read thoughts of people who never even tried to trade binary. I trust only ppl who trade, we have thousands of ppl who didn't make a panny from forex, but they can give you a lecture about trading, and a lot of bs.

I have an edge on binary, I traded on demo, I know that money can be made there.
I want to know, what bs do they have, like requotes, shade brokers, and etc.
Even though I walk through the darkest valley, I will fear no evil
  • #12
  • May 3, 2017 8:09am May 3, 2017 8:09am
I traded Binary Options for over a year and half before I released your climbing a hill.

i made EA's, used martingale or any other idea you can think of! I worked with a mathematician to develope strategies and you know what we found?

Statistically speaking you will not make money! I have traded with other traders who also are/were very good traders but lose money on Binary Options!

Binary Options is like roulette, the house has the advantage! I have never met anyone who has made money long term and I don't see it being any different with anyone else!

Yes BO's are attractive, yes the winning percentage is amazing, there is a reason for that!
Learn, a forex trader must, unlearn and relearn he will.
  • #13
  • May 3, 2017 9:52am May 3, 2017 9:52am
Quoting COGSx86
I traded Binary Options for over a year and half before I released your climbing a hill. i made EA's, used martingale or any other idea you can think of! I worked with a mathematician to develope strategies and you know what we found? Statistically speaking you will not make money! I have traded with other traders who also are/were very good traders but lose money on Binary Options! Binary Options is like roulette, the house has the advantage! I have never met anyone who has made money long term and I don't see it being any different with anyone...
What is the reason, why did you lose ? Is it some shade activity from the broker, or systems failed ? What win rate did you have ? Did you demo traded, did you have the difference between demo and real ?
Even though I walk through the darkest valley, I will fear no evil
  • #14
  • May 3, 2017 10:15am May 3, 2017 10:15am
Quoting monocor
{quote} What is the reason, why did you lose ? Is it some shade activity from the broker, or systems failed ? What win rate did you have ? Did you demo traded, did you have the difference between demo and real ?

Why did I lose:

Poor trading
Emotions cloud your judgement
Yes Broker would manipulate price, delay orders, freeze accounts
Statistically systems would fail
The market is random

Not only are you dealing with the markets randomness, your dealing with time.
Learn, a forex trader must, unlearn and relearn he will.
  • #15
  • May 3, 2017 10:30am May 3, 2017 10:30am
Quoting monocor
{quote} Thats what I am trying to do, I want traders, who have traded binary, share their experience. I don't want to read thoughts of people who never even tried to trade binary. I trust only ppl who trade, we have thousands of ppl who didn't make a panny from forex, but they can give you a lecture about trading, and a lot of bs. I have an edge on binary, I traded on demo, I know that money can be made there. I want to know, what bs do they have, like requotes, shade brokers, and etc.

Monocor. I deposited $3000, my Binary Account manager drew a further $2000, because he had all my card details. I blocked my card and had a few choice words with my account manager. Anyway he convinced me that we need more funds to make more trades, so we can make more money more faster. He placed a few trades, a couple won and a couple lost, but my wins was greater than my losses. Then he played bigger bets and we made good money, plus/minus $20 000. I decided to withdraw my initial investment, just to be on the safe side. I waited 2 weeks, no response. I contacted them by email and was told to resend all my documents. I did that, then another long wait, probably a month. I tried phoning, calls were cut. But before all that, I could not get into my account, my password had been changed by my account manager and he was making losing trades one after the other, and I was only able to watch my account go to $1000. They use fake addresses, false names, false phone numbers. I contacted law agencies in the US, UK and Israel. to no avail. Seems you like binary options, join and think of me one day!
  • #16
  • May 3, 2017 10:39am May 3, 2017 10:39am
Quoting monocor
Hello Traders ! I tried binary options on demo with iq option, but I don't understand what is the catch, it is so simple, 10 hours of trading and I made 50% profit, they use charts from forex, I checked that. Do we have binary option traders around here, I am interested if some one who is trading binary and can share his experience, what brokers do you use, how is withdrawals and etc. And plz only traders who have traded with binary options, I am interested in experience!!! Thanks in advance
1. delay your entry
2. shed against your trade entry
3. extend your expiry
4. manipulate exit bar/candle close (different from mt4 platform. check 1m tf and you will see the difference. With live trades even worse.)
5. reduce payout
6. no server access or no options for sale, platform maintenance/upgrade
7. Expert advisor is impossible. Done it.
8. Withdrawal depends on luck and your winnings(if any). Large amounts is wishful thinking.
9. Deposits face the bonus trap.
10. Lock out from your account.

All these above and I've not started on the actual trading aspect.
Brokers - MW, all aussie mt4 based brokers.
  • #17
  • May 3, 2017 10:48am May 3, 2017 10:48am
Thank you for sharing your experience. I am appreciate your contribution !!!!
Even though I walk through the darkest valley, I will fear no evil
  • #18
  • Last Post: Nov 6, 2017 6:10pm Nov 6, 2017 6:10pm
Quoting monocor
Hello Traders ! I tried binary options on demo with iq option, but I don't understand what is the catch, it is so simple, 10 hours of trading and I made 50% profit, they use charts from forex, I checked that. Do we have binary option traders around here, I am interested if some one who is trading binary and can share his experience, what brokers do you use, how is withdrawals and etc. And plz only traders who have traded with binary options, I am interested in experience!!! Thanks in advance
who is your binary option broker ?i will demo binary option .
As with any system or strategy, it is not 100%
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