Tips to win in Binary Option?

This is a discussion on Tips to win in Binary Option? within the Fixed Odds & Binary Betting forums, part of the Markets category; Hi Guys! After doing some research about trading online. I stumbled upon Binary option and find it user-friendly. Although i ...

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Old Jun 17, 2015, 10:47am   #1
 
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Tips to win in Binary Option?

Hi Guys!

After doing some research about trading online. I stumbled upon Binary option and find it user-friendly. Although i dont know much about it, i feel that one can possibly win more and lose more money at the same time. Nevertheless, i think it's for someone like me who doesnt know much about trading.

Question: Anyone, who knows an effective way of minimizing loses in Binary options? Hopefully by experience and not textbook strategies.
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Old Jun 17, 2015, 12:25pm   #2
 
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Originally Posted by MoneyTalk View Post
Hi Guys!

After doing some research about trading online. I stumbled upon Binary option and find it user-friendly. Although i dont know much about it, i feel that one can possibly win more and lose more money at the same time. Nevertheless, i think it's for someone like me who doesnt know much about trading.

Question: Anyone, who knows an effective way of minimizing loses in Binary options? Hopefully by experience and not textbook strategies.
Spreads are way too wide.

Often in the region of 15 to 20%, or more!

You open a bet for £10 pp and you are down £200 on your position straight away, no way to minimise your loss by closing out early.

If a binary bet firm can get 10,000 suckers to lose £200 each.
They make a £2 million for themselves.

And new suckers sign up to play everyday.

Dont be easy pickings for these sharks.
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Old Jun 22, 2015, 12:43pm   #3
 
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MoneyTalk started this thread
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Originally Posted by donaldduke View Post
Spreads are way too wide.

Often in the region of 15 to 20%, or more!

You open a bet for £10 pp and you are down £200 on your position straight away, no way to minimise your loss by closing out early.

If a binary bet firm can get 10,000 suckers to lose £200 each.
They make a £2 million for themselves.

And new suckers sign up to play everyday.

Dont be easy pickings for these sharks.


so thats how it works, but 70% to 90% payout is very tempting. Have you invested in binaries? what website have you tried?
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Old Jun 22, 2015, 12:43pm   #4
 
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Originally Posted by donaldduke View Post
Spreads are way too wide.

Often in the region of 15 to 20%, or more!

You open a bet for £10 pp and you are down £200 on your position straight away, no way to minimise your loss by closing out early.

If a binary bet firm can get 10,000 suckers to lose £200 each.
They make a £2 million for themselves.

And new suckers sign up to play everyday.

Dont be easy pickings for these sharks.


I see your point, Higher risk higher the reward.
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Old Jun 22, 2015, 1:23pm   #5
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I see your point, Higher risk higher the reward.
No he means high risk with little chance of any reward.

Anyway maybe you and Money Talk are the same person as you are both from the Philippines with what appears to be promoting binary options.
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Old Jun 22, 2015, 1:51pm   #6
 
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The more you trade the bigger chance of taking home the winnings.
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Old Jun 22, 2015, 2:12pm   #7
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The more you trade the bigger chance of taking home the winnings.
So which broker or service do you suggest we use to make all of this money with?
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Thanks! The following members like this post: paszkman
Old Jun 22, 2015, 2:41pm   #8
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Originally Posted by MoneyTalk View Post
so thats how it works, but 70% to 90% payout is very tempting. Have you invested in binaries? what website have you tried?
tempting indeed..give me $10 and i'll give you $7 back - guaranteed! how does that sound?
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