Binary options if it scam or real, need help reviews and complaints

[Mick_]

Hey guys, it would be interesting to hear your opinion regarding binary option brokers.
I’ve heard that it is a good opportunity to raise some cash while staying at home. While surfing through internet I’ve managed to find some, but I’m confused and don’t know which of them is worthy of attention. Some were reported to be yet another scam. I’m looking forward to hearing your opinion and recommendations.

 

[Enivid]

It's more an opportunity to lose some cash while staying at home. It's very risky and binary option trading involves crazy win/loss spread, so your chances to come out with profit are quite slim.

 

[Jorhe]

I also took interest in binary options as it is simple and easy-to-understand form of trade. After hesitating for a while I decided to abandon this idea as it is prone to the same risks commonly associated with other trading instruments. You can lose all your money at once and it doesn’t involve purchasing any liable contract. On the other hand, winning chances are great as binary trading involves only two possible outcomes.

 

[Mick_]

Thank you for the answers!
The simplicity of binary options is exactly what I like. Considering that markets are responsive to fundamental events form world economies price movements of Gold or Oil, for example, can be easily predicted.
Now I’m checking some brokers but it would be greatly appreciated if you could share your experience.

 

[Dominator4fx]

Thank you for the answers!
The simplicity of binary options is exactly what I like. Considering that markets are responsive to fundamental events form world economies price movements of Gold or Oil, for example, can be easily predicted.
Now I’m checking some brokers but it would be greatly appreciated if you could share your experience.

Yes this is true. Binary Options are both simple as well as risky at the same time. If you are able to understand the risks and manage them well then you will be able to gain good profits easily.

 

[Fxpipper]

Quite risky and if you are new to it, would not really advise the same unless you know how to go about it - which is kind of a paradox but then again..

 

[Dominator4fx]

Quite risky and if you are new to it, would not really advise the same unless you know how to go about it - which is kind of a paradox but then again..

Binary Options are risky for those traders who do not have any information on how to use them successfully. While other traders are able to get good profits using them.

 

[UWC Neeraj]

I also took interest in binary options as it is simple and easy-to-understand form of trade. After hesitating for a while I decided to abandon this idea as it is prone to the same risks commonly associated with other trading instruments. You can lose all your money at once and it doesn’t involve purchasing any liable contract. On the other hand, winning chances are great as binary trading involves only two possible outcomes.

The returns with the Binary Options will be limited to the amount of the risk that is being put into that Option. Where as in the Forex the returns will depend on the Entry and the Exit levels as well as the trading volumes.

 

[Andrefx]

Binary option brokers are not necessary scams but what you have to realize about this field is that binary option trading is literally casino- nothing more, nothing less. Don't expect to get rich from that and oin't look for "strategies" for binary option trading- it will be a complete waste of time and money.

 

[Dominator4fx]

Binary option brokers are not necessary scams but what you have to realize about this field is that binary option trading is literally casino- nothing more, nothing less. Don't expect to get rich from that and oin't look for "strategies" for binary option trading- it will be a complete waste of time and money.

Trading in the Binary Options is a good way of making money provided that you are having the knowledge on how to do it.

It is really not easy to trade the Binary Options.

 

[JLowry]

Binary option brokers are not necessary scams but what you have to realize about this field is that binary option trading is literally casino- nothing more, nothing less. Don't expect to get rich from that and oin't look for "strategies" for binary option trading- it will be a complete waste of time and money.

Any investment is a crapshoot. And anyone who thinks otherwise is fooling themselves.

Which isn't meant to discourage anyone from entering the markets. I just take exception with snobs who stick their noses up at what is probably the greatest trading innovation of the century.

[link removed]

 

[TheLastBear]

Any investment is a crapshoot. And anyone who thinks otherwise is fooling themselves.

Which isn't meant to discourage anyone from entering the markets. I just take exception with snobs who stick their noses up at what is probably the greatest trading innovation of the century.

[link removed]

I strongly disagree that any investment is a crapshoot. That is simply not the case, but I think we can agree to disagree.

 

[TheLastBear]

Binary Options Trading, as everything else, is beneficial only if you know what you are doing. I do think most people do not and will end up with losses. It is not the fault of the markets, so dont blame them. Each loss (and profit) is in your hands and if it goes wrong you are the one to blame, period!

 

[ezrydn]

What most are really saying is that they have no method of handling Binary. I have a workable method that I spotted one day.

If price enters midfield at entry, forget it.
If price enters the field high or low, look for a drop-down trough/tick or a uptick tower to hide in. You have to be ready for it as you'll only have a second or two to set your marker.

Price will usually prance around you but wins come much easier. If it goes against you, sell your order immediately. You'll save half your order. Demo Binary and give it a try.

As negative as some are on Binary, I guess 60-Sec is out of the question. LOL BTW, I do both, daily.

 

[TheLastBear]

What most are really saying is that they have no method of handling Binary. I have a workable method that I spotted one day.

If price enters midfield at entry, forget it.
If price enters the field high or low, look for a drop-down trough/tick or a uptick tower to hide in. You have to be ready for it as you'll only have a second or two to set your marker.

Price will usually prance around you but wins come much easier. If it goes against you, sell your order immediately. You'll save half your order. Demo Binary and give it a try.

As negative as some are on Binary, I guess 60-Sec is out of the question. LOL BTW, I do both, daily.

Lol, I do use binary options as well on a daily base and so far I can't complain. I use the profits to boost my forex accounts

 

[optionking]

Binary Options is no way an easy way to make money, it's rather difficult in its own way, not complicated like forex, but simpler doesn't mean easier.

The binary options brokers make it extra difficult because there's a lot of offshore unregulated brokers. Make sure that you carefully read options broker reviews before even trying to trade Binary Options. Trading might not be difficult but the broker's tactics could make it extra-difficult.

 

[nagaair]

hi... since it is a computer system, I won't suggest it to you. The risk is too high and it may become higher if you don't understand how to modify or stop the system if something bad happened

 

[TheLastBear]

It is not that much harder to make money than forex or any other market. The big difference is that your options expire at a certain time and you need to adjust your strategy.

 

[Easy Trader]

Options are just a different market structure as TheLastBear simply stated. You can use money managment and obviously strategies range from incredibly accurate to incredibly stupid. The way binary options are pitched is really to collect all of the desperate 'dead money' that comes along which is sickening. If you don't have a extremely tried-and-true method of trading the currency exchange or futures markets you WILL loose all of your money in the long run and most likely the short run toying with options. Forex and futures in some ways have room for abit of a learning curve (you may enter the market in a bad spot but with the right analysis you can ride it out etc.) Options markets are simple the wolves know where and when to slauter the lambs.

 

[Peter Harrison]

Hi All,


I trade Binary Options. It's all I know and have ever done, since I started training into Forex, last year.

I honestly believe that Binary Options is a very good way of making money 'cos I know of some people that are killing it, by making thousands everyday. Yes, thousands of dollars EVERYDAY.

A guy invested $60,000 on a trade, (I think it was a Put) won it and made $50,000 return!!! He then invested another $20,000 on another trade that same day but lost it. Finally, he invested $10,000 on yet another trade, the same day but lost again. So, if you take his gains and losses for the day into account, you'll see that he made a net profit of $20,000. The thing was that he got greedy and lost most of it. That said, $20,000 net gain is a lot of money to make in a day.

Having said all that, you MUST really know what you are doing by having a solid strategy that gives you precise entries. In view of this, I think Binary Options is far harder than mainstream Forex, since it's all or nothing. Thus, it is very easy to lose your money if your strategy is not right.

Personally, I am most happy to be trading Binary Options because it's made me study extremely hard to find a strategy that suits my personality and the market in which I'm trading.

Most of all, you don't need a lot of capital to start - around $100 or $250 and you are away, AS LONG AS YOU'VE GOT A GOOD STRATEGY TO TRADE, you'll be alright.
There's nothing to fear if you know what you are doing. Nothing whatsoever, even though my heart still pounds when I click the 'buy' button. Hahaha...

All the best to the aspiring Binary Options Traders out there.


Peter.