Trading binary options

[johnnytrader]

Hi.

I am a little new to online trading, and I discovered binary options. What do you know about this type of trading? Is it a good alternative to forex?

From what I saw, it looks much easier and simple, almost too good to be true. Do you have any experience with this? Are the brokers legit? What brokers do you recommend?

Waiting for your advice.

[Enivid]

Binary options only look good, in fact they are very hard to play profitably.

I only had live account experience with BetOnMarkets and there was no problem with them, although they limit trading significantly when some really nice trading opportunities arise.

[JLowry]

Binary Options probably shouldn't be your primary trading instrument, but it is great way to take advantage of both short and longer-term market conditions and trends.

Its simplicity, transparency, and affordabilty (i.e no broker fees) also make it a perfect way for novices to get their feet wet with limited risk and investment.

There are many brokers out there. You can message me privately if you want my reccomendations.

Two of the most important things to look for is a broker that will

• provide you with support and guidance
• with no restrictive strings attached to the acceptance of bonus/leverage funds

They are also a lot of fun, but it takes hard work and discipline if you want to make serious money.

[Enivid]

Originally Posted by JLowry

Its simplicity, transparency, and affordabilty (i.e no broker fees) also make it a perfect way for novices to get their feet wet with limited risk and investment.

That's kind of funny. Average broker fee is about 10% in BO. If it isn't explicit it doesn't mean that there is none.

[PaladinFX]

Originally Posted by Enivid

Binary options only look good, in fact they are very hard to play profitably.
I only had live account experience with BetOnMarkets and there was no problem with them, although they limit trading significantly when some really nice trading opportunities arise.

Originally Posted by Enivid

That's kind of funny. Average broker fee is about 10% in BO. If it isn't explicit it doesn't mean that there is none.

Concur wholeheartedly with that.
If you want to learn how to trade, stay away from BOs.

As I am new to this forum, I don't want to start ranting about how easily people are being scammed when trying their hand at BOs ... if you are interested in first-hand-experience reports of people who have 'traded' BOs (not me), check out the Babypips forum and search for 'Binary Options'.


Cheers,
P.

[forexmarketingcontact]

This is the system I use and it really helps make trading easy

[burdianex]

Many people have picked up interest in binary options trading lately. This is not surprising as it is one form of financial trading that holds plenty of promise and is relatively less risky than some other forms of investing such as forex trading.
You can make money with binary options trading, but you need to discover the keys to being able to trade binary options successfully. Being successful at binary options trading does not mean that you will not suffer some losses. Rather, it means that you will be able to strike a decent winning ratio.
Due to the fact that binary options functions more like a "yes or no" kind of trade mechanism, there is a tendency among inexperienced traders to trade it like a poker game or like they would do in the slot machines of Vegas. Trading binary options without a strategy is gambling. But when you trade binary options with a clear-cut strategy, you will make a success out of it.
Since binary options are traded on the conventional financial assets most of us know about and hear about on the business news on TV, you need to identify how to trade them using the various binary option trade types.
There are several trade types:
- Rise/Fall
- High/Low
- Touch/No Touch
- In/Out
Some brokers offer all these trade types, and some are more restrictive. Brokers also offer different expiration times and dates. Therefore, a successful strategy will have to take into account the following information:
1) Expiration times.
2) Trade types available.
3) Financial assets available for trading at any particular time.
All these variables are necessary in developing a trading strategy that produces positive results.