Trading Binary Options

Is Binary Options a good way to make money?

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  • Poll closed .
bankzzz

bankzzz

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Hello to all who read this!


First of all... My main language is not English and I am very sorry if there are any spelling mistakes.

However, I was wondering if anyone on this forum would like to share their experience on Binary Options with me. Is it possible to make money permanently or is it just gambling?

Thanks for all the answers! :)
 
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It's pretty risky, but you should first try to scalp on 1 minute timeframe with high leverage just to get used to the feeling of fast execution of your trades. After you master the scalping is when you can start trying your skills in binary options. My suggestion is to try the 60 seconds ones first, because it will be the most close to what you have experienced on the 1m timeframe scalps.

Anyway keep in mind that binary options are brutal game, but the good thing is you'll blow your account fast if you are not good at it and you'll know it straight away :D
 
it is scam, why ? because they manipulated the price very similar to dealing desk broker. It is not an investment unlike forex because you don't have any ownership of the currency
 
It's scam ran by scumbags.
Nothing really wrong with binaries... it's gambling, just like we gamble on football.
The problem is that those brokers were stealing money from people... Israel were spearheading this practice.
 
praetserge said:
It's scam ran by scumbags.
Nothing really wrong with binaries... it's gambling, just like we gamble on football.
The problem is that those brokers were stealing money from people... Israel were spearheading this practice.
Click to expand...
Yes, I have already realized that many brokers are not trustworthy. Are there any that you can trust?
 
Novita Rizki said:
it is scam, why ? because they manipulated the price very similar to dealing desk broker. It is not an investment unlike forex because you don't have any ownership of the currency
Click to expand...
Oh okay :/
 
alus1onZ said:
It's pretty risky, but you should first try to scalp on 1 minute timeframe with high leverage just to get used to the feeling of fast execution of your trades. After you master the scalping is when you can start trying your skills in binary options. My suggestion is to try the 60 seconds ones first, because it will be the most close to what you have experienced on the 1m timeframe scalps.

Anyway keep in mind that binary options are brutal game, but the good thing is you'll blow your account fast if you are not good at it and you'll know it straight away :D
Click to expand...
Thanks for your advice!
 
praetserge said:
None, binary options are "illegal" in the UK and EU.
https://digital-options.pro/2018/09/19/can-i-trade-binary-options-in-europe/
Click to expand...
Yes but there are a few brokers like iqoption which still work?
 
Do not ever trust any binary trading platform.
99% of them are scam.
I have worked and investigated this field a bit.
Just keep away from BinaryTr.

Day-trading is better.
 
olivier said:
Do not ever trust any binary trading platform.
99% of them are scam.
I have worked and investigated this field a bit.
Just keep away from BinaryTr.

Day-trading is better.
Click to expand...
Only 99%?
 
bankzzz said:
Hello to all who read this!


First of all... My main language is not English and I am very sorry if there are any spelling mistakes.

However, I was wondering if anyone on this forum would like to share their experience on Binary Options with me. Is it possible to make money permanently or is it just gambling?

Thanks for all the answers! :)
Click to expand...
It's not worth your attention
It is better to engage in cryptocurrency trading
 
Hey there! So, I’ve been messing around with binary options on Pocket Option for a bit, and honestly, it’s been a wild ride. Some days I’m up, some days I’m down, but that's trading, right? It’s definitely not just gambling if you know what you're doing. I mean, you gotta have a strategy—like using indicators, reading charts, and keeping an eye on market news.

I’ve had my share of wins and losses, but what I've found is that sticking to a solid plan helps me stay in the game longer. Sure, there’s risk involved, but if you treat it like a business instead of a lottery ticket, you might just come out ahead. Just remember, it’s all about managing your risk and not throwing your cash around like it’s confetti. Keep grinding, and you might just find your groove!
 
Binary Option is a Scam, Because its a Tool that obligates the Broker to be a Market Maker in a Highly Leveraged environment!
 
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