I am an affiliate for many Binary Option brokers, I know exactly what I am on about, and I can easily spot noob bait when I see it.
Me WINNING At Binary Options!
- Thread starter ashj1893
- Start date
I am an affiliate for many Binary Option brokers, I know exactly what I am on about, and I can easily spot noob bait when I see it.
Jouster
Regular Member
- Dec 8, 2011
- 205
- 63
At least at a casino you get 100% payout if you hit black or red, not with binary options, it's 100% you lose, 70% you win.....they're mostly run out of dodgy tax invading countries and run by con artists...they're un-regulated, and the US government recently sued the largest binary broker on the web banc de binary and barred them from advertising to US traders......such a mugs game...
deadbeat777
Newbie
- Jul 16, 2014
- 16
- 3
I disagree. Casino is just pure luck. Whereas, in Binary Options, you atleast have the advantage of studying technical indicators and fundamentals based on news events to make a Call/Put decision. Now, I believe that choosing a longer term timeframe (30 min - 1hr) is far less of a gamble than choosing 60 seconds expiry. Ofcourse, being right more than 60% of time is required to be profitable and that's where a lot of people lose out. If you have a great strategy and the patience to not jump into every trade, I think you can be profitable.
ashj1893
Regular Member
- Nov 5, 2011
- 212
- 120
For the readers let me clear up confusion - Being an affiliate gives you no information regarding the industry itself. You're just driving traffic to the site for money. The promotional material they give you makes them come off as a casino, because the brokers make more money when more traders are losing than winning, and as so will obviously want to attract people that DON'T know what they're doing. This is only to attract greedy idiots.
Binary Options are dictated by a spread. If you make a buy/sell trade, there's always someone else on the other end. The broker will make money either way, hence traders not making 100% profit when they win. That 15%-30% goes to the broker. But when you lose a trade, they make the full 100%. However, because of the huge profit margins, you can as a trader with knowledge, strategy, focus and discipline come in and win say, 7 out of 10 trades per day you'll be able to compound very quickly. Compounding also curbs trading addiction, which plagues traders who don't understand fundamentals.
So that being said, my video this week for you guys will be a lengthy general video about Binary Options, by someone who actually trades them, not a bunch of internet randoms who don't know anything.
P.S. I actually don't have a wife and kids
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Being an affiliate I have studied and wrote about Binary Options for over the past ten years. Being an affiliate I have watched thousands of accounts wiped out. Being an affiliate I can see that your whole thread is geared around getting people to listen to your shit so that you can clean them out.
ashj1893
Regular Member
- Nov 5, 2011
- 212
- 120
I have a video coming soon that will give a crash course about it.
helloboy111
Newbie
- Mar 1, 2014
- 37
- 3
Hi everybody
So you think that you can't make any money with bo? Yes? Have a look at these forums and think again
http://www.binaryoptionsdaily.com -> go under forum and there you have planty of proof that you can make money
http://www.binaryoptionsthatsuck.com
I'm not affilate with any of these forums
So you think that you can't make any money with bo? Yes? Have a look at these forums and think again
http://www.binaryoptionsdaily.com -> go under forum and there you have planty of proof that you can make money
http://www.binaryoptionsthatsuck.com
I'm not affilate with any of these forums
ashj1893
Regular Member
- Nov 5, 2011
- 212
- 120
Yeah - those forums were where I started - the problem is there's a lot of fine details that the few successful traders there tend to leave out. The few good ones are traders that have been trading for like 10 or more years and tend to be condescending of people that are newbies and crushing it, like me. Also - they tend to teach a LOT of limiting beliefs such as "you can't make a living trading Binaries", or "you can't make a lot of money fast and keep it", and a whole lot of other B.S., like relying on a bunch of indicators to trade, or Price Action that limits you to maybe 2-3 trades a day, as opposed to having many more openings and being able to get in the markets at almost anytime like I am. Trust me, my mentor and a few other teachers have complete newbies like me coming in and killing this industry, and we didn't need forums to do it either. The people I know are far and above the level of ANY of these "Professional" traders on these forums. However, for free advice, not a bad place to start, considering you get what you pay for.
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bmatthews
Regular Member
- Jan 2, 2009
- 360
- 241
I was somewhat on your side until you implied that you don't need to pay attention to price action/patterns/indicators to trade binary options, especially the currencies like EUR/USD, I find that very hard to believe. In fact I don't think you can consistently make profits in any trading strategy without some kind of price action/indicator plays.
I am now expecting you to clarify your statements otherwise you've pretty much lost all your credibility as a serious trader.
And please stop saying "me and my mentor" it makes you sound childish, most people here don't even believe any mentor of yours exists, so unless you can tell us who this mentor actually is...
I would not waste your time, it is obvious OP is a gambler and not a trader, you only have to read through his first few posts to see he is clueless, which makes one think he is after simpletons to bullshit.
ashj1893
Regular Member
- Nov 5, 2011
- 212
- 120
I meant to say that reliance on indicators is bad and that Price Action will always be a good trader's best friend in the long haul. I simply said the traditional PA strategies taught out there severely limit the number of possible good trades. As far as your throwing shots calling me childish and saying I've lost my credibility as a serious trader - oh well your opinion, it's not gonna stop me from making my money.
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ashj1893
Regular Member
- Nov 5, 2011
- 212
- 120
No, I trade live. Demo accounts require you to have to make a deposit into the broker (a.k.a. paying) before it can be set up.
The only broker for Binary Option demos like this for free is Marketsworld - They let you make demo accounts for free. Also, their platform looks completely different, LOL I personally don't like them.
bmatthews
Regular Member
- Jan 2, 2009
- 360
- 241
Okay, glad you clarified that. It disappoints me that you took offence at my statement with regards to your mentor, I was by no means trying to offend you or demean your credibility, it simple has to be said.
However just for clarities sake, who is your mentor? Also if you do not want to reveal who this mentor is that made $1 million in 2 weeks, just say so and preferably throw in a reason as to why not. Again, do not take this as an offensive gesture I am simply curious as I am sure many others reading this thread are.