Printing Money with binary option ?

Stuart94

Registered Member

Oct 7, 2015

51

2

• Oct 15, 2015

• #1

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

BANNED

Sep 29, 2014

1,310

819

• Oct 15, 2015

• #2

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

Registered Member

Oct 7, 2015

51

2

• Oct 15, 2015
• Thread Starter Thread Starter

• #3

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

Elite Member

Jr. VIP

Dec 13, 2010

4,875

3,316

• Oct 15, 2015

• #4

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

Elite Member

Aug 6, 2010

3,506

3,376

• Oct 15, 2015

• #5

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

Elite Member

Jan 11, 2012

1,921

1,027

• Oct 15, 2015

• #6

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

Supreme Member

Feb 27, 2014

1,464

1,095

• Oct 15, 2015

• #7

Just don't think is get rich quick thing.

 

S

sanjoin

Newbie

Sep 18, 2014

31

3

• Oct 23, 2015

• #8

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.

 

H

hardfm

Newbie

Feb 24, 2016

12

2

• Feb 26, 2016

• #9

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

 

C

chriswick

Registered Member

Nov 7, 2008

71

111

• Feb 29, 2016

• #10

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!

 

M

maqns

Newbie

Jan 26, 2014

7

1

• Feb 29, 2016

• #11

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

 

P

purpthat

Newbie

Mar 1, 2016

15

0

• Mar 1, 2016

• #12

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

 

M

maqns

Newbie

Jan 26, 2014

7

1

• Mar 6, 2016

• #13

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

 

dkinderis

Registered Member

Jan 18, 2016

79

66

• Mar 6, 2016

• #14

purpthat said:

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

Click to expand...

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

 

J

jonas94

Newbie

Mar 6, 2016

15

0

• Mar 6, 2016

• #15

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..