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; Has anybody tried Tradesmarter?! Is this site legit?! Please shed some light. =(...

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Old Apr 25, 2012, 3:23pm   #17
 
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Joined Apr 2012
Re: Binary options for dummies

Has anybody tried Tradesmarter?! Is this site legit?! Please shed some light. =(
jlgildo is offline   Reply With Quote
Old Aug 30, 2012, 12:07pm   #18
Joined Jun 2012
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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.

Quote:
Originally Posted by markotrader View Post
I found this new strategy which works well for me. Trading forex on a forex broker, and trading options (binary) with binary options broker. Buy EURUSD on forex and hedge the risk with binary by buying a put. if you lose the put, then you make money with long eurusd on forex. however if you make money on the put, then you close the long forex. with .

Last edited by tar; Mar 14, 2013 at 11:12am. Reason: link-AV
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Old Aug 30, 2012, 12:09pm   #19
Joined Feb 2012
Re: Binary options for dummies

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Originally Posted by jlgildo View Post
Has anybody tried Tradesmarter?! Is this site legit?! Please shed some light. =(
I'm not sure. Hopefully you will get some opinions though.
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Old Sep 4, 2012, 5:12pm   #20
 
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Re: Binary options for dummies

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!
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Old Oct 9, 2012, 9:46am   #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, 10:19pm   #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 11:16am. Reason: link
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Old Dec 19, 2012, 4:09pm   #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, 5:08pm   #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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