Anyone else fuck around with forex or binary options?

pewep said:

11 trades in a row locked in ("dumb luck ™")-

Click to expand...

It's beginner's luck, man. I remember how I was starting trading on Forex, and back that I was a complete noob. Tried an EA on demo, tripled my money in 2 weeks. That's 200% ROI in 10 trading days. I thought I was going to be millionaire the next month. Then deposited some real money and blew up my account within a week. So yeah, in the beginning it looks awesome, but instead of being confident in yourself, just listen to all the people here who talk from experience, a lot of which was failures. But I know you won't listen until you lose your entire balance. That's human nature, most of us only learn from our own mistakes, not someone else's.

I was a successful forex trader. My country has banned trading Forex. So I had to stop.
The only way to make consistent money from binary options is to become an affiliate for the platforms.

aka_ab said:

I was a successful forex trader. My country has banned trading Forex. So I had to stop.
The only way to make consistent money from binary options is to become an affiliate for the platforms.

Click to expand...

If you were successful, you could just sell them as signals. A ban of Forex is no excuse. There are offshore bank accounts, VPS/VPN servers, so many options. A person who is truly successful in Forex, in my opinion is one who can have a consistent strategy with mid-high returns. So let's say at least 5-10% monthly ROI with 6+ months consistency. If you did reach that level, you would be rich selling signals without risking your own capital.

aka_ab said:

I was a successful forex trader. My country has banned trading Forex. So I had to stop.
The only way to make consistent money from binary options is to become an affiliate for the platforms.

Click to expand...

What country? I have never heard about banning whole country. Only some brokers did, or reduced leverage

If you're gonna take this kinda risk, then cryptos owe nothing to binary options.

Can you make money playing with stocks, options, and other sources of gambling? Yes. You can make a ton. But anyone with a mind that can solve a game like that can do A FUCK TON better by trying to better the world through starting a business, promoting cash flow in the economy, and being an employer, all of which help people as opposed to hurt them by taking their money in a game.

If you are going to do something like this, remember it’s a game of percentages, not being right. I good trade/bet is anything that nets a positive return over a large sample (51% correct). When your in that 49% again and again... and again and again... It’s not fun. That’s where people lose, not being able to emotionally disconnect when things go south.

I strongly suggest, don’t “fuck around” with this kind of stuff. Take it very seriously. Read about stoicism, absorb any information you can about strategies, and never for a second become content. The second you get content the rest of the wolves will have your back... in their stomachs.

mysticparadise said:

If you were successful, you could just sell them as signals. A ban of Forex is no excuse. There are offshore bank accounts, VPS/VPN servers, so many options. A person who is truly successful in Forex, in my opinion is one who can have a consistent strategy with mid-high returns. So let's say at least 5-10% monthly ROI with 6+ months consistency. If you did reach that level, you would be rich selling signals without risking your own capital.

Click to expand...

Yes, there were many workarounds. But then still getting the money into my country and accounting for it is difficult. I stopped because I did not want that headache. Also there was a risk of blowing up my account entirely.

I cashed out, gents . Figured it's probably kind of rare for someone to come out ahead in this game - what makes me so special lol?

pewep said:

I cashed out, gents . Figured it's probably kind of rare for someone to come out ahead in this game - what makes me so special lol?

Click to expand...

Wise decision man, respect for making up your mind so quickly.

I did for a bit. Followed some methods and charts from tradingview(dot)com and binaryoptionsedge(dot)com. There is a cliclbank course you can sign up for called night owls. The guy that runs it does live trading and you just copy his trades. You can sit in on 1 session a week free.

Question why cant I post URLs? lol

Pewew what expiry times are you trading? I found 5 minutes to give a higher ratio of success... and don't trade news releases!!

phalore said:

Pewew what expiry times are you trading? I found 5 minutes to give a higher ratio of success... and don't trade news releases!!

Click to expand...

Definitely 15 minutes - sometimes 20. It's much more stable and predictable than 5 minutes. In fact 60-300 seconds is where brokers make most of their money.

Forex is totally like casino mostly the house wins but sometimes you clean the house ... depends on how good you are thou ... I know few guys who almost broke the brokerage firm