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General Forex Discussion
A True EDGE on Binary Options
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[QUOTE="ezrydn, post: 36062, member: 15946"] When considering a Binary platform/application, consider the following: 1. How many alerts are you given during the present trade period? What does it take to trigger an alert? 2. How many brokers can be handled by the application? Are they pre-loaded or user-loaded? Why do I find those two items important? Here's why, I'm spoiled. That's why. As most know, I use Option Bot. Clearly the leader of all Binary Bots on the market. I know what it takes to generate an alert and I have some control over that perameter. Secondly, I'm spoiled by having 5 brokers "in-app" to trade through. One trade get duplicated 5 times. Four trades (the most I've received) turn into 20 trades. It's a question of firing a single shot rifle or pulling the trigger of a Gatling Gun. Where I'd make $55.50 on one trade, I make $1110 using 4 trades across 5 brokers. If you're thinking about the "next new bot," take a breather and ask yourself what you really want, restriction or freedom of choice. Like we tell our friends, "This ain't rocket science!" The biggest problem we face is getting the vendors/developers to listen to us. Binary Options are a simple one question, 2 possible answer setup. Can it really be that hard to set a winning edge with software? There is NO perfect answer available at the moment. Option Bot is as close as I've found so far. Single trades are a thing of the past. Multiples are the name of the game now. Will the developers click? I doubt it. When you start a new endeavor, you don't use shabby tools. Don't do it here, either. If you do buy something, a good rule of thumb is it must pay it's cost within one week or it gets refunded. at a minimum. Don't tie up your resources waiting for something to work. It either does or it doesn't. And double check that it's failure isn't user-initiated. There's good easy money to be had in Binary Options. Yet, like Forex, it's what you know that allows you to win. Otherwise, you'll lose in Binaries just as easy as you lose in Forex. Many are willing to tell you how wrong you are. Only you know how right you are. And that's what matters. [/QUOTE]
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