**MAKING MONEY WITH BINARY OPTIONS** ??!!

Greetings

I am very curios to know if anyone in the BHW forum has ever invested in binary options in trading platforms such as IQ Option and what do you think about binary options do you actually think you can profit in such a risy bussines ?

Don't bother.

They never work.

you may as well flip a coin really... or put your money on blackjack ..

everythingred said:

They never work.

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I do have experience tho and i did make some profit throughout investing

abouttrillions said:

you may as well flip a coin really... or put your money on blackjack ..

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why do you think like this have you ever tried BO?

drin101 said:

why do you think like this have you ever tried BO?

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Because I've seen countless promotions for them with people commenting on how much money they've lost.

Sure, if you dedicate yourself to binary options, you've got a chance at making some money, but noobs who really on bots or indicators will get fucked.

everythingred said:

Because I've seen countless promotions for them with people commenting on how much money they've lost.

Sure, if you dedicate yourself to binary options, you've got a chance at making some money, but noobs who really on bots or indicators will get fucked.

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true indeed
indicators are always meant to fuck you over

Dont have a good experience with their support and slow system. If you want to try binary/forex go with other broker. And that iq options videos on yt are most of them scams and affilates.

It'd be better to try to sell BO affiliate marketing CPA to people trying to make money in BO since they usually have high payouts.

I rather sell these things through affiliate links then join them myself

drin101 said:

Greetings

I am very curios to know if anyone in the BHW forum has ever invested in binary options in trading platforms such as IQ Option and what do you think about binary options do you actually think you can profit in such a risy bussines ?

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Hi drin101,

The industry average of successful trades is %51-52 and the ROI is %70-80 (stay away from any broker who promises %90-95) as far as I could find out. So a little better than flipping coin However the biggest risk from my POV is the brokers. I'm not blaming IQ Option, didn't hear anything negative about them so far however read and heard horror stories where brokers suspend your account after a series of successful trades, account managers draining your account without your consent etc.

I wouldn't trust a broker who only gains when I loose. I'm sure they would do anything to make me lose. As you are on their mercy with your funds there is not much you can do.

Smart options with smart contracts technology would be a good solution for these kind of problems I believe. I suggest you to investigate this technology. Towards the end of 2017 there was an ICO (Spectre) completed which aimed to implement this technology. They have successfully implemented their solution by April and their platform is live since April (month of April was with a limited number of traders for final testing with real money).

The main difference of that platform from others are:

• You have the full control of your funds all the time (there are two types of accounts with two levels of controls), you can withdraw your funds and trading gains anytime you like, they can't stop you in any way (thanks to the smart contracts).
• Their data feed is automated from multiple sources and they can't manipulate it.
• If you hold more than a specific amount of utility tokens (SXUT) you can increase your ROI rate by %3-5 (sorry don't know the exact percentage).
• You either trade against a peer (which I think would be rather seldom) or DALP (Decentralized Autonomous Liquidity Pool) which is funded with the amount granted from the ICO and not against their balance sheet.
• Their profit is from the volume created, so they don't gain anything if you lose a trade. Your lost goes to DALP which pays you out when you win.

I can think of only one issue at the moment; you have to buy Ethereum (ETH) to start trading but they are working on a solution where you can buy it with fiat or credit card within the platform which will be available in a few months.

As you can see I'm excited with this new technology and Spectre Platform however with the success rate of %51-52 (which I suspect it could be increased with the above mentioned differentiators and a good TA) and ROI's, I would still consider it a risky investment.

If you are still interested please visit spectre.ai and get more information before investing any money.

hey bro,
i tried a lot of strategies in the past but i couldn't make any benefice, i will try this and make in touch ...

I've tried them but 90% of the time I've lost money, there are times when i made a killing but because of greed i ended up on a loss.
At the end of the day no matter what software you use its still more like gambling

I have never tried binary options but I trade CFDs since 2013. And it is treating me well. Not enough to buy a Lambo but enough to pay rent, feed the wife and kids with a few bucks left over. I do intraday trading with a tight set of rules. And yes I have lost lots of money before finally making it.

Forex

counter8 said:

Dont have a good experience with their support and slow system. If you want to try binary/forex go with other broker. And that iq options videos on yt are most of them scams and affilates.

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99% of them totally scam

Lyazidi said:

hey bro,
i tried a lot of strategies in the past but i couldn't make any benefice, i will try this and make in touch ...

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good luck to you

Sidneyvan94 said:

I've tried them but 90% of the time I've lost money, there are times when i made a killing but because of greed i ended up on a loss.
At the end of the day no matter what software you use its still more like gambling

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Very very true, I think the problem with these are that emotions get in ur way and once they take you over you are done.

I actually have pretty good experience with IQ options, super fast payments (I received my money within hours after asking for withdraw) and awesome platform. Of course, be prepared to lose tons of money, but once you get hang of it, it works quite well.