Binaries..baffling

[dizz]

Hi guys, I'm new to the forum, Started Spread Betting some weeks ago using price action daily candlesticks only without indicators, which is very effective, and I have nearly doubled my account balance thus far.

But onto binaries... (using igindex)

Im looking at this one in particular, If Wall Street is clearly on a bearish surge and I Sell the Binary 'Wall Street To finish > 11200' at 0-1, am I saying that I think wallstreet definately wont finish over 11200? can any money be made with these Buy and Sell Prices..?

Im baffled

 

[dizz]

Actually, with the Prices 0-1 does that mean there's no market for wall street to finish >11200 when wall street is clearly bearish. Would I be better off Buying the Binary 'Wall street to finish <11200'?

 

[tar]

Im looking at this one in particular, If Wall Street is clearly on a bearish surge and I Sell the Binary 'Wall Street To finish > 11200' at 0-1, am I saying that I think wallstreet definately wont finish over 11200? can any money be made with these Buy and Sell Prices..?

Im baffled

Yes if you sold it then it means you expect the Dow to finish the day under 11200 but ofcourse you cant sell @ 0 so there is no market here , binary prices fluctuates between 0 and 100 and finally settles at expiry at either 0 or 100 , any way check this seminar :

Trading Volatility

Trading is risky :idea:

 

[dizz]

Nice , thanks tar, now I get it...ill stay clear from binaries for now anyway

 

[tar]

Actually, with the Prices 0-1 does that mean there's no market for wall street to finish >11200 when wall street is clearly bearish. Would I be better off Buying the Binary 'Wall street to finish <11200'?

Ofcourse you could buy it @ 1 ( wall street to finish >11200 ) but that means you expect the Dow to finish the Day above that level ...