Printing Money with binary option ?

[Stuart94]

Hey bhw ,
so for the last few weeks ive been looking into this whole binary option thing.
so what you do is you trade stocks in a certain time frame and you have to decide will the stock go up or down in the next 60sec.
at beginning i actually made money with a template for which shows me indicators when to trade the template cost normally like 170bucks but i got it for free anyways and in the video where this guy trys to sell it shows a live trading session which looks very legit and he won all of his 10 trades.
so my question is do some of you guys have experience with binary option is it just gambeling that is made to look like is legit stock trading ?
or is this more for the guy selling his template + getting comission for the affiliates with the the broker

 

[Sythix]

Don't do it bro. It's all a scam. I've lost several hundred dollars from it the hard way. Almost all are off-shore and do not abide by US or gaming commission laws, so they do whatever they want. They have algorithms that will make you think you're winning money at first, then they take every freaking penny from you. There's also horror stories of people realizing it's a scam and trying to save face by pulling whats left of their money out and they will not give you your money back. It's all a huge scam. Do NOT do it.

 

[Stuart94]

Hey thx for the quick reply well the money i was trying binary option with is gone but hopefully this thread will prevent other people falling for the quick money.
now my only problem is that how the f i will close my accounts at this broker ?
i ve googled it and People Say its very difficult ?

 

[Elon Snup]

Binary Option is profitable if you did 5 to 10 years of financials studies after graduation; but if you did, you probably don't want to do binary options.

Stay away from this.

 

[uncutu]

Stay away from BO. Lot of horror stories online. I tried it and made a profit, but they never let me cash out. Was able to do a paypal reversal and recover my funds but many haven't been so lucky.
If you want to close your account you should talk to the account manager on your broker.

 

[PrinceVisi]

Some are very legit like: 24Options and BossCapital. I have tried them myself.

The thing is, if you want to be profitable, you should know what you are doing.

 

[Aatrox]

Just don't think is get rich quick thing.

 

[sanjoin]

You should use regulated ones only. Look around for the brokers that belong to some large hedge funds/capital groups, etc.

And damn straight you need to know what you are doing OR have a trader that knows what the hell he is doing and willing to trade for you. But in this case - prepare to split the winnings big time.

 

[hardfm]

Hi, its all abt MM ( Money managmemt ), for sure its not for everyone buy if do know what you are doing it could be profitable

 

[chriswick]

Binary options are OTC products. Binary option brokers are taking the other side of your trades, which means there's a huge conflict of interest. It's financial suicide, avoid at all costs!

 

[maqns]

I tried on my own then i used some robots and just lost a lot of money. Avoid bro!!

 

[purpthat]

Just go and bet on red/black, same thing.

 

[maqns]

Hehe, I think he will have bigger chances to win with red/black

 

[dkinderis]

Just go and bet on red/black, same thing.

I've actually made a nice amount using this method but got too excited and increased my bets and lost it all in the end. If you're know when to stop then you can make some capital

 

[jonas94]

Yeah, binary options is not a good idea. Since the brokers only earn money when you lose it is obvious that the average person (almost all people) will lose more than they earn. Also I agree that I think many brokers have some sort of system that make you win a lot in the beginning.. Then they have you hooked and you will start losing money..