BinaryBet.com

This is a discussion on BinaryBet.com within the Fixed Odds & Binary Betting forums, part of the Markets category; Originally Posted by DaxTrader Has any one here get involved in the IG FTSE Frenzy of 5 min expiries 4pm-4,25pm ...

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Old Jun 28, 2006, 4:49pm   #22
Joined Nov 2004
Quote:
Originally Posted by DaxTrader
Has any one here get involved in the IG FTSE Frenzy of 5 min expiries 4pm-4,25pm ?

It looks insane, 1 min delay before it starts, stops allowing exits 1 min before end = 3 mins to get it right.
Yep. Its very exciting and you can make huge gains in a few secs but over a small period of time they will fleece you and your gains will just go straight back to them. As soon as they delay your instruction to close a trade early to either limit losses or bank gains then that is what will cancel out any profits made. Because you only have a 4min window to manage your trade (30 secs @ the start & end of the 5 mins timeframe are closed as IG believe this is required to prevent clients getting confused with which markets they are trading on. Yeah right!!) then all the other posts you may have read about IG interferring with the trade to suit them apply tenfold as the smaller timeframe causes the binary deltas to move extreme amounts. 60-80 point movements in the blink of an eye are not uncommon. Incredible if you are sitting on the right side of this otherwise deadly.

It can be used now & again if you are very confident of the future trend but even then IG can mysteriously block you from this by rejecting the trade or moving the market so far away it is not worthwhile. For example you notice the Dow has just dropped 30 points & is going south, the FTSE closes in 10 mins so obviously the future FTSE binary for 4.20-4.25 is most probably going to be down. IG will sometimes close that market early to prevent you jumping the gun.

Bottom line is you cannot profit in the long term but once in a while it can give you some profit as long as they have not delayed your trade due to you either being a consistent & or recent winner.

If IG were fair about executing trades instantly then they would get eaten alive. That tells you all you need to know really...
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Old Aug 11, 2006, 10:47am   #23
Joined Aug 2006
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Quote:
Originally Posted by rav700
I have been trading for 2 years now ..my advise after over at least 5000 trades with binary is stay away from them..Dont get me wrong you can make profits from them but not with consistency as a lot of market hedging occurs to me it pure manipulation of the market..my bets are that they have got someone who hegdes against what you do at the last momment depending on how much you have laid....
As I said there are some stratergies which you can use and you can make a guaranteed profit.but these opps only come 7 or 8 times a month....
Please take care while trading.I know a lot traders that have been burnt heavily...
I am attatching an example of the profit that can be made.......I aint got nothing to sell..I am just trying to help you mate...
Rav
Happy trading
You obviously havent tried this system on the binaries? I am making some serious cash on this every day, comes with step by step guide on the technical indicators for binaries and all the software and data feeds of the actual real time DOW at 1 minute level with it.

http://cgi.ebay.co.uk/ws/eBayISAPI.d...MESE%3AIT&rd=1
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Old Aug 11, 2006, 11:13am   #24
 
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Joined May 2005
Quote:
Originally Posted by bearfaced
You obviously havent tried this system on the binaries? I am making some serious cash on this every day, comes with step by step guide on the technical indicators for binaries and all the software and data feeds of the actual real time DOW at 1 minute level with it.

http://cgi.ebay.co.uk/ws/eBayISAPI.d...MESE%3AIT&rd=1
sounds spamtastic
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Old Aug 11, 2006, 8:14pm   #25
Joined Nov 2004
Quote:
Originally Posted by bearfaced
You obviously havent tried this system on the binaries? I am making some serious cash on this every day, comes with step by step guide on the technical indicators for binaries and all the software and data feeds of the actual real time DOW at 1 minute level with it.

http://cgi.ebay.co.uk/ws/eBayISAPI.d...MESE%3AIT&rd=1
If anyone believes that any system can help you beat the 5 min binary markets you are sadly mistaken as your counterpart (binarybet.com) in this instance will always have the upper hand as they can manipulate your entry/exit strategy to suit them. Unless binaries become FSA regulated this is unlikely to ever change.

In those 4 min windows you have to trade the binary delta can move an extreme amount and nothing on earth can prevent you from sustaining heavy losses if it turns against you. To be fair to BB when the market does turn they cannot give an instant fill so you will get a price reject as their system just cannot cope with all the price action on these events as you are not the only one on the planet who is trading/notices a sudden movement...

I estimate that an experienced bin trader may be able to have odds of 75/25 in his/her favour but that 25 combined with the lack of instant fills is the problem & prime reason you cannot prosper over any length of time. Most TA is unreliable over a 4 min window.

Having spoken to traders @ BB I understand that the majority of their clients lose money. Only an elite few have long track records of consistent profits.
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Old Aug 12, 2006, 8:34am   #26
Joined Aug 2006
Quote:
Originally Posted by Greed Is Good
If anyone believes that any system can help you beat the 5 min binary markets you are sadly mistaken as your counterpart (binarybet.com) in this instance will always have the upper hand as they can manipulate your entry/exit strategy to suit them. Unless binaries become FSA regulated this is unlikely to ever change.

In those 4 min windows you have to trade the binary delta can move an extreme amount and nothing on earth can prevent you from sustaining heavy losses if it turns against you. To be fair to BB when the market does turn they cannot give an instant fill so you will get a price reject as their system just cannot cope with all the price action on these events as you are not the only one on the planet who is trading/notices a sudden movement...

I estimate that an experienced bin trader may be able to have odds of 75/25 in his/her favour but that 25 combined with the lack of instant fills is the problem & prime reason you cannot prosper over any length of time. Most TA is unreliable over a 4 min window.

Having spoken to traders @ BB I understand that the majority of their clients lose money. Only an elite few have long track records of consistent profits.
Some interesting points you rais and yes I completely agree that these bucket shops are completely able to manipulate the market, which is why I only trade the hourly trends using finspreads or IGIndex (FSA regulated). I have generated 2000% return this year.
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Old Aug 12, 2006, 1:06pm   #27
 
BinarySoft Chris's Avatar
Joined May 2005
Quote:
Originally Posted by bearfaced
Some interesting points you rais and yes I completely agree that these bucket shops are completely able to manipulate the market, which is why I only trade the hourly trends using finspreads or IGIndex (FSA regulated). I have generated 2000% return this year.
1) Binary bets are NOT currently FSA regulated

2) I thought it was meant to return 2000% in 3 weeks?
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Old Sep 5, 2006, 4:46am   #28
 
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Joined Aug 2006
If anyone believes that any system can help you beat the 5 min binary markets you are sadly mistaken as your counterpart (binarybet.com) in this instance will always have the upper hand as they can manipulate your entry/exit strategy to suit them. Unless binaries become FSA regulated this is unlikely to ever change.

Hi, Great post.But why do they do this(manipulate entry/exit strategy)while they will make money anyhow from spread. I would appreciate your insight.








Quote:
Originally Posted by Greed Is Good
If anyone believes that any system can help you beat the 5 min binary markets you are sadly mistaken as your counterpart (binarybet.com) in this instance will always have the upper hand as they can manipulate your entry/exit strategy to suit them. Unless binaries become FSA regulated this is unlikely to ever change.

In those 4 min windows you have to trade the binary delta can move an extreme amount and nothing on earth can prevent you from sustaining heavy losses if it turns against you. To be fair to BB when the market does turn they cannot give an instant fill so you will get a price reject as their system just cannot cope with all the price action on these events as you are not the only one on the planet who is trading/notices a sudden movement...

I estimate that an experienced bin trader may be able to have odds of 75/25 in his/her favour but that 25 combined with the lack of instant fills is the problem & prime reason you cannot prosper over any length of time. Most TA is unreliable over a 4 min window.

Having spoken to traders @ BB I understand that the majority of their clients lose money. Only an elite few have long track records of consistent profits.
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