Binary options for dummies

This is a discussion on Binary options for dummies within the Fixed Odds & Binary Betting forums, part of the Markets category; Originally Posted by Barret Hello, For those who want to know more about binary options trading, I try to provide ...

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Old Oct 9, 2012, 10:46am   #21
Joined Aug 2012
Re: Binary options for dummies

Quote:
Originally Posted by Barret View Post
Hello,
For those who want to know more about binary options trading, I try to provide a guide which helps them to understand binary options trading.

Type of bets

A- Hi/Low
In this option if you believe from your market analysis that the price will close below the current price on time expiry then put your bet "Low" and "Hi" in case you believe that on expiry the price will be higher than the current price.

B- One Touch (Touch/No Touch)
In this option if you believe that the price will touch the target price before the option expiry then put your bet "Touch" and "No Touch" if you believe that the price will not touch the target level before the option expiry.

C- Boundary Option "In/Out"
In this option if you believe that the price will be between 2 levels on the option expiry then put your bet "In" otherwise put your bet "out"

Expiry Time
For each of the above options there is an expiry time, there is intra day expiry time its 30 min or 1 hour, and there is at day end expiry where the option is allowed during the day long it expires 1 hour before the close of NY session.

What to trade in binary Options
Binary Options include Forex, Commodities, Index, Stocks, Gold, Silver.

Hope this helps!
Just check where these brokers you gus are promotimng based and remember you are trading an OTC product not regulated exchange traded product!
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Old Oct 10, 2012, 11:19pm   #22
Joined Sep 2012
Re: Binary options for dummies

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Originally Posted by Tamar View Post
Hi Morgan2074,

Binary options are a great way for beginning traders to learn more about the market.

As stated by others, you really need to know what you are doing or you can lose a lot of money.

And here are some brokers that are regulated and you receive a contract for your purchase:
Chicago Board of Exchange (CBOE | Chicago Board Options Exchange)
North American Derivatives Exchange (Binary Trading | Binary Trading Options | Nadex)

You can also go many sites and trade without a contract. These sites are harder to regulate, but reputable sites will do the following:
1. charge no fee for purchasing binaries
2. give at least a 70% return on "wins"
3. offer a partial return on investment of around 15% for "losses"

There are other sites known well in the business:
EZTrader
Tradesmarter


As an aside, I work for a company which partnered with a site called Bull Options. I can assure you that we take great pains to compensate traders for any technical problems that could occur on the site. Trading is completely in your hands.

Good luck!
As far as I know BULLOPTIONS went out of business about 15 minutes after they opened

Last edited by tar; Mar 14, 2013 at 12:16pm. Reason: link
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Old Dec 19, 2012, 5:09pm   #23
 
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Joined Dec 2012
Re: Binary options for dummies

Hi guys i recently found a new broker call Vault Options, good customer service and all that, but what caught my attention was their instant withdrawals policy, so i gave it a shot deposit the minimum and won a few trades. i place a withdrawal request i got my money right away, same day.

Have you guys hear from Vault Options before?
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Old Dec 19, 2012, 6:08pm   #24
 
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Joined Nov 2012
Re: Binary options for dummies

They have only 70% or so payouts that means lose 100% when you lose make 70% when you win...trading is hard enough with only get 70-75% profits on risk

if you lose 10 when you lose and make 7 when you win - then you have to win 6/10 to basically breakeven - at 7 you start to end up net almost your risk - at 8 out of 10 then you are making more than your risk per trade.... much better going with price ladder binaries at nadex if in USA (plus its an actual regulated exchange) - or GFT or IGindex if outside UK - ie i did a binary trade on AUD/USD yesterday on nadex and made 508% in 10 minutes - the best you can hope for on vault and others is a mear 70% return on risk or if lucky 90% return on risk but never 100%+ return on risk

Don't matter how fast i can withdrawal it if the payout is lower than the risk then i can't withdrawal it fast enough....
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Old Dec 19, 2012, 6:10pm   #25
 
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Joined Nov 2012
Re: Binary options for dummies

Quote:
Originally Posted by moka2 View Post
Just check where these brokers you gus are promotimng based and remember you are trading an OTC product not regulated exchange traded product!
yup stick with nadex/cboe/cme for regulated binaries

really cme ones are just weather so not applicable to retail traders
cboe has no volume at all
nadex is built for retail trades regulated exchange and has plenty of volume
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Old Dec 19, 2012, 6:13pm   #26
 
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Joined Nov 2012
Re: Binary options for dummies

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Originally Posted by LosPinos View Post
You will see from my previous posts I am a huge fan of Binary/ Digital Options, but only certain platforms. I do not like the up/down for max 85% model.... Its a gamble and very rarely can you get your money back.

You mentioned an option builder.... I bet you only get a max of 75 or so % return offered.

If you are hedging with a long fx position why don't you build your put option with PYXmarkets which is a very processional version of a binary platform. The risk is fixed as all binaries but the returns are multiple... They say you can get a return of up to 2000% from each trade but I have only ever seen around 900% still that beats 85%. You choose the range you believe the market will close but can also sell out early to cut a loss or take a profit.... Its awesome in comparison to many others I have used.

It incorporates the best features of all these platform such as IG, Bet on Markets and GFT but offers higher returns.
Can get 1900% return trades on Nadex IG etc..
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Old Dec 20, 2012, 12:15am   #27
Joined Aug 2012
Re: Binary options for dummies

hedgemaster
The only issue I see with NADEX is is it truely an exchangelike CME or is it just IG as a market maker with word Exchange in it's name
However I agree with you that Nadex IG is much better than those hundreds of dodgy lookibg Binary options brokers mushrooming out everyday!
I wish though CME/ CBOE true exchange traded Binary volume pick up and more Binary become available on these large exchanges.
Alternative (for retails also) is to construct a BInary payout using Vanila Exchange Traded Options
Advantage of that over NAdex is
Thousands of choices
Broker is likely to be under SIPC insurance
Others on this foroum will dismiss all what I am saying just becasue they have vested interest
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Old Jan 6, 2013, 2:49pm   #28
 
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Joined Jan 2013
Re: Binary options for dummies

Hi guys, another thread that I need, God I feel so lucky today )) initial posting, very first post - very very useful for me ! anyway, I have posted this thread about return rates for different brokers and huge differencies..anyone with experience please join ? I have registered on some of those platforms but haven't deposited, would like to hear some experience..
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Old Jan 7, 2013, 5:44am   #29
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Re: Binary options for dummies

impactbinary
Which exchange/ country are they exactly a "public listed company "
care to share?
All it say is EZTrader is owned by WGM Services Ltd., with offices at 48 Themistokli Dervi Avenue, Nicosia 1066, Cyprus.
Do you work for them?
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Old Jan 7, 2013, 7:33am   #30
Joined Aug 2012
Re: Binary options for dummies

How are the better?
When your own country regulator does not approve of them
And for a newbie his/ her money protection should be most important
It sound like you just wish to promote them bliendly
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