Wilson Grant Fisk
Elite Member
- Nov 10, 2012
- 15,677
- 46,846
Me WINNING At Binary Options!
- Thread starter ashj1893
- Start date
wallstreetque
Newbie
- Aug 9, 2014
- 39
- 2
I have several trade strategies and indicators for free for those interested in trading binary options or futures.
ashj1893
Regular Member
- Nov 5, 2011
- 212
- 120
Custom or standard indicators? I don't like indicators because they honestly do more harm than good in the long run. The Price Action itself should be your indicator, with the actual indicators as a simple confirmation of direction.
ashj1893
Regular Member
- Nov 5, 2011
- 212
- 120
I know I haven't been updating this thread like I should, BUT I since I promised to share with you guys my progress with my new broker account I'm growing from just $200, here it is 
THIS is called compounding haha $200 to over $5K lol
THIS is called compounding haha $200 to over $5K lolNice, I sure would like to be making what your making and 200 to start with that is all i can afford right now. You have a like messaging system to teach those who want to learn this. Like have a skype all member join the skype and we follow what you do so we all can start making the same lol. PM if you willing to help me out more.
ashj1893
Regular Member
- Nov 5, 2011
- 212
- 120
So here we have my first losing session in a VERY long time, LOL. I'm now using a different compounding and money management strategy. I'm only looking to do 5 trades per day, OR up to 10 trades only if I don't lose a trade. So here, I sent in a withdrawal request for the $5K+ today and then started over at $200 and got in on the NYC open today. Needless to say, I made mistakes and lost trades. 2/5 today, down $28 for the day. Those 3 losses were my fault and I know what exactly I did wrong This won't happen again. The rest of my day is gonna be spent playing Diablo 3 and just studying Live market movement, which I have everyone that learns from me do. You learn SO much quicker that way, lol
Now watch as I go 5-0 everyday the rest of this week, LOL
Happy and Good Trading everyone!
Now watch as I go 5-0 everyday the rest of this week, LOL
Happy and Good Trading everyone!
Not to create a huge thread bump but a member of BHW that knows me had sent me a link to this thread... He wanted my thoughts and views on binary options... I've traded plenty of them and have made money so I figured I'd share them with the rest of you.
The information below is for educational use. Always invest at your own risk...
-------------
With that said, there's "easy money" to be made via binary options when you take emotions out and use proven money management techniques.
Binary options, for those that are late to this thread, are basically you deciding if your chosen option will INCREASE or DECREASE. That is all... Nothing more complex than that. One could and should view it as a 50/50 split which is basically a gamble; however, there are some people that would say charts and strategies give you an edge... Then again, there are strategies to blackjack, poker, craps, etc... That doesn't necessarily mean you will always win. Plus, you are limited to a time-frame. Therefore, I consider binary options to be a gamble. Again, that's just me.
With that said, and without going to far into this, you have to think of binary options like a coin toss. Take the charts, emotions, colors and everything out of the picture. It's 50/50 take it or leave it. For someone good at math, it's actually easy to leverage this probability with a simple money management technique.
Because the odds are 50/50, you will eventually break even in time. Therefore, you have to think about your initial investment. For example... Let's say you have $1,000 to invest. You should never "bet" $500 (50% of the investment) or even $100 (10% of the investment). It depends how risk adverse you are. IMO, I would start with $50 bets. This means, you will have a total of 20 plays to "break even."
The basic strategy to this is....
1. IF you get a bunch of losses at the start, you'll have enough remaining to win and get your money back to hopefully break even. If you lose a bunch at the start and STOP or run out of money, then you lose everything and you're out of luck.
2. IF you get a bunch of wins at the start, then it's wise to STOP at the first loss. If you continue to play then, due to the laws of probability, you will continue to lose and break even or lose everything.
3. IF you get a win, loss, win, loss, loss, win, win, etc... Then it you would be advised to play the entire 20 rounds to hopefully break even or profit, though you can still lose it all.
The best situation is always #2.
Most people fail to realize these probabilities and act on emotions - it's just 50/50!
Test Above Strategy:
To test out the strategy above, go to - http://www.random.org/coins/?num=20&cur=60-usd.0025c-ct . On this website, you can pretend the 20 coins are $50 bets. You'll see how you basically break-even over multiple spins. Remember... Hot streaks or patterns are BS. There is no way to know 100% if it's going to be heads or tails. Time and money management are your best friends
Lastly, there are some advantages of having charts and patterns... I just wanted to show that they can also be played by just choosing "INCREASE" every single time, without deviating!
The information below is for educational use. Always invest at your own risk...
-------------
With that said, there's "easy money" to be made via binary options when you take emotions out and use proven money management techniques.
Binary options, for those that are late to this thread, are basically you deciding if your chosen option will INCREASE or DECREASE. That is all... Nothing more complex than that. One could and should view it as a 50/50 split which is basically a gamble; however, there are some people that would say charts and strategies give you an edge... Then again, there are strategies to blackjack, poker, craps, etc... That doesn't necessarily mean you will always win. Plus, you are limited to a time-frame. Therefore, I consider binary options to be a gamble. Again, that's just me.
With that said, and without going to far into this, you have to think of binary options like a coin toss. Take the charts, emotions, colors and everything out of the picture. It's 50/50 take it or leave it. For someone good at math, it's actually easy to leverage this probability with a simple money management technique.
Because the odds are 50/50, you will eventually break even in time. Therefore, you have to think about your initial investment. For example... Let's say you have $1,000 to invest. You should never "bet" $500 (50% of the investment) or even $100 (10% of the investment). It depends how risk adverse you are. IMO, I would start with $50 bets. This means, you will have a total of 20 plays to "break even."
The basic strategy to this is....
1. IF you get a bunch of losses at the start, you'll have enough remaining to win and get your money back to hopefully break even. If you lose a bunch at the start and STOP or run out of money, then you lose everything and you're out of luck.
2. IF you get a bunch of wins at the start, then it's wise to STOP at the first loss. If you continue to play then, due to the laws of probability, you will continue to lose and break even or lose everything.
3. IF you get a win, loss, win, loss, loss, win, win, etc... Then it you would be advised to play the entire 20 rounds to hopefully break even or profit, though you can still lose it all.
The best situation is always #2.
Most people fail to realize these probabilities and act on emotions - it's just 50/50!
Test Above Strategy:
To test out the strategy above, go to - http://www.random.org/coins/?num=20&cur=60-usd.0025c-ct . On this website, you can pretend the 20 coins are $50 bets. You'll see how you basically break-even over multiple spins. Remember... Hot streaks or patterns are BS. There is no way to know 100% if it's going to be heads or tails. Time and money management are your best friends
Lastly, there are some advantages of having charts and patterns... I just wanted to show that they can also be played by just choosing "INCREASE" every single time, without deviating!
Last edited:
tact89mark
Registered Member
- Nov 16, 2014
- 67
- 37
Not to create a huge thread bump but a member of BHW that knows me had sent me a link to this thread... He wanted my thoughts and views on binary options... I've traded plenty of them and have made money so I figured I'd share them with the rest of you.
The information below is for educational use. Always invest at your own risk...
-------------
With that said, there's "easy money" to be made via binary options when you take emotions out and use proven money management techniques.
Binary options, for those that are late to this thread, are basically you deciding if your chosen option will INCREASE or DECREASE. That is all... Nothing more complex than that. One could and should view it as a 50/50 split which is basically a gamble; however, there are some people that would say charts and strategies give you an edge... Then again, there are strategies to blackjack, poker, craps, etc... That doesn't necessarily mean you will always win. Plus, you are limited to a time-frame. Therefore, I consider binary options to be a gamble. Again, that's just me.
With that said, and without going to far into this, you have to think of binary options like a coin toss. Take the charts, emotions, colors and everything out of the picture. It's 50/50 take it or leave it. For someone good at math, it's actually easy to leverage this probability with a simple money management technique.
Because the odds are 50/50, you will eventually break even in time. Therefore, you have to think about your initial investment. For example... Let's say you have $1,000 to invest. You should never "bet" $500 (50% of the investment) or even $100 (10% of the investment). It depends how risk adverse you are. IMO, I would start with $50 bets. This means, you will have a total of 20 plays to "break even."
The basic strategy to this is....
1. IF you get a bunch of losses at the start, you'll have enough remaining to win and get your money back to hopefully break even. If you lose a bunch at the start and STOP or run out of money, then you lose everything and you're out of luck.
2. IF you get a bunch of wins at the start, then it's wise to STOP at the first loss. If you continue to play then, due to the laws of probability, you will continue to lose and break even or lose everything.
3. IF you get a win, loss, win, loss, loss, win, win, etc... Then it you would be advised to play the entire 20 rounds to hopefully break even or profit, though you can still lose it all.
The best situation is always #2.
Most people fail to realize these probabilities and act on emotions - it's just 50/50!
Test Above Strategy:
To test out the strategy above, go to - randomorg/coins/?num=20&cur=60-usd.0025c-ct . On this website, you can pretend the 20 coins are $50 bets. You'll see how you basically break-even over multiple spins. Remember... Hot streaks or patterns are BS. There is no way to know 100% if it's going to be heads or tails. Time and money management are your best friends
Lastly, there are some advantages of having charts and patterns... I just wanted to show that they can also be played by just choosing "INCREASE" every single time, without deviating!
Except the thing is its a 50/50 bet when looking at odds but it does not pay true odds on that.
I believe you will lose your whole bet if your wrong but only win like 70% if your right.
That means that even if you "break even" on your 20 coin flips you will still be down money because you only won 70% of your bet every time you won
ashj1893
Regular Member
- Nov 5, 2011
- 212
- 120
Not to create a huge thread bump but a member of BHW that knows me had sent me a link to this thread... He wanted my thoughts and views on binary options... I've traded plenty of them and have made money so I figured I'd share them with the rest of you.
The information below is for educational use. Always invest at your own risk...
-------------
With that said, there's "easy money" to be made via binary options when you take emotions out and use proven money management techniques.
Binary options, for those that are late to this thread, are basically you deciding if your chosen option will INCREASE or DECREASE. That is all... Nothing more complex than that. One could and should view it as a 50/50 split which is basically a gamble; however, there are some people that would say charts and strategies give you an edge... Then again, there are strategies to blackjack, poker, craps, etc... That doesn't necessarily mean you will always win. Plus, you are limited to a time-frame. Therefore, I consider binary options to be a gamble. Again, that's just me.
With that said, and without going to far into this, you have to think of binary options like a coin toss. Take the charts, emotions, colors and everything out of the picture. It's 50/50 take it or leave it. For someone good at math, it's actually easy to leverage this probability with a simple money management technique.
Because the odds are 50/50, you will eventually break even in time. Therefore, you have to think about your initial investment. For example... Let's say you have $1,000 to invest. You should never "bet" $500 (50% of the investment) or even $100 (10% of the investment). It depends how risk adverse you are. IMO, I would start with $50 bets. This means, you will have a total of 20 plays to "break even."
The basic strategy to this is....
1. IF you get a bunch of losses at the start, you'll have enough remaining to win and get your money back to hopefully break even. If you lose a bunch at the start and STOP or run out of money, then you lose everything and you're out of luck.
2. IF you get a bunch of wins at the start, then it's wise to STOP at the first loss. If you continue to play then, due to the laws of probability, you will continue to lose and break even or lose everything.
3. IF you get a win, loss, win, loss, loss, win, win, etc... Then it you would be advised to play the entire 20 rounds to hopefully break even or profit, though you can still lose it all.
The best situation is always #2.
Most people fail to realize these probabilities and act on emotions - it's just 50/50!
Test Above Strategy:
To test out the strategy above, go to - http://www.random.org/coins/?num=20&cur=60-usd.0025c-ct . On this website, you can pretend the 20 coins are $50 bets. You'll see how you basically break-even over multiple spins. Remember... Hot streaks or patterns are BS. There is no way to know 100% if it's going to be heads or tails. Time and money management are your best friends
Lastly, there are some advantages of having charts and patterns... I just wanted to show that they can also be played by just choosing "INCREASE" every single time, without deviating!
Binaries aren't a gamble. You're supposed to trade them the same way any ither financial instrument. BO can be based o n Forex, Stocks, Indices, Bitcoin you name it. But you must use Technical and/or Fundamental analysis to gauge an understanding of the market and place yoir trades correctly. Approaching it like a casino game will bankrupt you in the long run.
ashj1893
Regular Member
- Nov 5, 2011
- 212
- 120
In the name of ethics, I must update this thread to state that I no longer trade on Binary Option Brokers - They screwed over customers for tons of money and the U.S. has come down on them. If you want to trade Binaries you trade on Nadex or IGmarkets, which is the company that founded Nadex btw. They are regulated exchanges that have no interest in whether you win or lose. Alternatively you can trade Forex and Futures as well, Depends on your trading personality and comfort with risk.
DO NOT TRADE ON FOREIGN BROKERS ANYMORE! It's illegal for them to directly market to US customers now because of how they operate. Also US affiliates have no business promoting them to other US citizens.
DO NOT TRADE ON FOREIGN BROKERS ANYMORE! It's illegal for them to directly market to US customers now because of how they operate. Also US affiliates have no business promoting them to other US citizens.
What?! Why do you want people to lose?
ashj1893
Regular Member
- Nov 5, 2011
- 212
- 120
Who are you talking about? Please share. Yeah GOptions are crooks, as well as Marketsworld, and BossCapital too. I've seen email screenshors of Boss and GOptions basically admitting to scamming their clients. The brokers are just shady to deal with. I couldn't in good conscious let newbies browse this thread and think it was still safe to place their money there.
Stick to Nadex, FOREX, and Futures. Stock trading is something that only pays off long term or short term if you've got major capital. You don't get to use leverage to buy/sell bigger positions as you do with FOREX and Futures trading.
@Darek - affiliates for Binary brokers have a vested interest in the clients LOSING money in the long run - because the sites are generally marketed to gamblers that are stupid with their money. They become addicted thinking they can win insane amounts of money just clicking buttons. That's why the brokers have those "percentages" on the trade platform. They're trying to imply if you go with the higher number, that's your probability of winning the trade. It's bullshit. Markets will move how they want to move.
The money I made trading on the brokers taught me a lot and I don't regret the money I lost either. Good times. But the gravy train's made it's last stop.
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