Binary Betting

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tbenci

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Can anyone tell me the best way to having success with trading site like eztrader.com or what to look to learn in candle stick charts to better my chance to win on sites like this. Thank you anything would be greatly appreciated.
 
tbenci said:
Can anyone tell me the best way to having success with trading site like eztrader.com or what to look to learn in candle stick charts to better my chance to win on sites like this. Thank you anything would be greatly appreciated.
Click to expand...

The best advice I can give you is - FORGET about it. If you think there is 'easy' way of earning money on markets then you are 90% deep in...something that will make your money go away. I have been there and done that. I trade for 9 years(or something like that). There are no easy methods. If you do not earn money with pain and effort than you can not win any money.
 
Totally disagree with disi, as you're saying that stockmarkets are not for normal people? No way... why do you think so many people want to work for investment banks, setup funds, etc. - 'cause rewards are huge.
There're many people around who work for investment company, learn the trade and then invest on their own
 
lancenicolase said:
Totally disagree with disi, as you're saying that stockmarkets are not for normal people? No way... why do you think so many people want to work for investment banks, setup funds, etc. - 'cause rewards are huge.
There're many people around who work for investment company, learn the trade and then invest on their own
Click to expand...

I do not know what you are talking about? :eek: Where did I write that stockmarkets are not for normal people? Maybe you are talking about someone else in other post?

Why so many people want to work for investment funds and banks? Gee..let me think...I do not know. I can't find any reason why successful trader would prefer to earn money for bank and funds instead of earning it for himself. Can you ?
 
Hi everyone,

I am looking to adapt my strategies to the eztrader.com platform as well, the thing is, I am not sure whether or not to trust EzTrader yet or not...has anyone had any experience with using them? I think that they are a legitimate company with a legitimate business model...but as wel have seen in the past, companies might have a legitimate business plan, but if it fails, sometimes they disappear with our money.

Does anyone have any experience with them?
 
Also, I want to mention that I have analyzed their business plan, and I believe I know how it works.

First of all, they are offering binary contracts, what happens is, when you open a binary contract, they are the counter party to the transaction. If you win the trade, they lose, but what I believe they do, is as soon as you open a trade, they have a system that opens a similar contract in the REAL options market. They pay a small commission to open that small contract.

So if your position wins, their position wins as well...they take the profits and pay you your profit, but here is where they make money: They are charging you a SPREAD, kind of like a juice in sports betting. If you notice, the payouts on each winning trade (bet) are around 65%.

So, lets say you risk $100, and you win...they also "risked" $100, but probably paid only a $5 commission for their contract in the market. So this means they have taken the $100 risk money, won $95 on it (or thereabouts, after commission), and then take the $195, but pay you back only $165...resulting in a $30 profit for them. They are "retailing" options contracts to the general public. It is like placing a sports bet priced at -135 on the Money Line. You have to risk $135 to get paid a $100 profit if you win (plus getting your original $135 "investment" back).

I am sure their business model works something like this...it might be a little bit more sophisticated then that, many sports books (such as canbet.com, etc) are very profitable and they keep clients' funds in an escrow account, but I have not seen any such guarantee come from EZTrader just yet.

Once we see if this firm stays around, I will probably deposit funds with them, because I will be able to use my sports betting strategies with them (I live in the US and cannot place bets on sports anymore).
 
I've done the binary thing (in fact, I've published a binary trading method that worked for me in the past). I think in the long run, you can only profit with binaries if you're already a pretty profitable trader anyway. It's a great way of optimising profits but if you can't trade normally, you will most likely find it difficult to be consistently profitable trading binaries.

That said, good luck!
 
Hi Ninja,

Thanks for the response; yes, I am profitable in Forex trading, and was profitable with sports betting as well, but here in the US they made Sports betting illegal over the internet and so that cut off that income stream for me. But, with the way this site is implementing binary trading, it resembles sports betting and so my system will work with their platform.

The real question is, is this company for real or will they disappear one day with my funds.

Christian
 
The best way to find out is to withdraw a significant amount.

And yes, binary trading resembles sports betting. I suspect it was designed to attract people who normally do other forms of betting and couldn't handle proper trading due to the lack of a start, end and specific win size being defined.
 
smartgxl said:
Hi Ninja,

Thanks for the response; yes, I am profitable in Forex trading, and was profitable with sports betting as well, but here in the US they made Sports betting illegal over the internet and so that cut off that income stream for me. But, with the way this site is implementing binary trading, it resembles sports betting and so my system will work with their platform.

The real question is, is this company for real or will they disappear one day with my funds.

Christian
Click to expand...

Hello.

Can you give more hints about your profitable money line strategy please?

What sport markets did you bet most?
How you managed to lower the risk on your bets?
Did you bet on live markets too?
Did you make use of any stats data?

I'm trying to find some sort of strategy for long term profit
in sport markets but the odds in this markets seems to be to perfect
and the possible risk is always greater than the possible income. :(

Thanks.
 
BetTreader said:
Hello.

Can you give more hints about your profitable money line strategy please?

What sport markets did you bet most?
How you managed to lower the risk on your bets?
Did you bet on live markets too?
Did you make use of any stats data?

I'm trying to find some sort of strategy for long term profit
in sport markets but the odds in this markets seems to be to perfect
and the possible risk is always greater than the possible income. :(

Thanks.
Click to expand...

Hi BetTreader,

Well, I am reluctant to share my strategy here, because I do not necessarily want the options brokers to know my full strategy (although they seem to promise on their website that you are allowed to be as profitable as you want, within the limits of the law, I am not sure right now if they have the ability or not to manipulate the options pricing on their site to destroy your strategy...although, like I said, it appears that they are retailing options contracts to traders, I'm not sure if they have an angle that benefits them if your trades expire out of the money...this remains to be seen).

Also, my strategy was designed for use with boomakers like canbet.com and pinnacle.com, as opposed to betting on the sports contract markets such as BetFair.com, etc. I live in the US and was never allowed to open accounts on those markets, not even when online sports bettin was semi-legal here.

However, I can tell you this: It involved betting on the Over/Under Money Lines. There was both a bet selection and a money management component, and my average monthly profit was around 25%.

Now, because EZTrader.com offers hourly contracts, this works great because it gives us the ability to place MANY more trades per month than what was possible with sports betting. This should enhance the profitability. Another good thing about these binary contracts is that, if your contract expires out of the money, you may get a rebate of your loss; this rebate can be applied directly to the money management system to make it even more profitable. I am experimenting with this now.

I also want to mention, that I am not 100% sure about EZTrader yet...Im not ready to deposit money with them. They are based in Greece and I am not 100% confident that they wont take my deposit and run, at some point. Back in the sports betting world, there were only a couple of offshore sports books that were "safe" enough to depoit funds with (canbet and pinnacle). I suspect we are going to have to deal with the same "risks" with these offshore binary traders...I would fel better if EZTrader would post some sort of info that guarantees that the client's funds are kept in a segregated U.S.-based escrow account, and that they GUARANTEE the safe return of available funds.

Having said that, I DID find another binary trading service over the weekend called AnyOption.com. They seem to have cheaper juice than EZTrader and they DO guarantee the client funds will be returned and are on deposit in escrow in a bank account in a US bank (in NYC). They also claim that you get a 15% rebate on every out of the money trade that you place; this will boost profitability big time. They are also based in Greece (Cyprus, actually) and they require a slightly higher minimum trade size ($50, as opposed to $30 over at EZTRader). The only thing that seems to "scare" me about AnyOption, is that they claim the price entry/exit points for the underlying assets on their products are their own proprietary price...so you may not be getting in at the price you THINK you are getting, and this also leaves the price open to manipulation...they are telling you, the trader, up front that they are controlling the price point, so Im not sure if the operation is 100% legit yet. Again, this remains to be seen.

Also, I saw the ad above for TradeSmarter.com...I will have to research this firm as well, all of these sevices look great and have great websites but we just have to do our due diligence before depositing any funds with them.
 
Last edited:
smartgxl said:
Hi BetTreader,

Well, I am reluctant to share my strategy here, because I do not necessarily want the options brokers to know my full strategy (although they seem to promise on their website that you are allowed to be as profitable as you want, within the limits of the law, I am not sure right now if they have the ability or not to manipulate the options pricing on their site to destroy your strategy...although, like I said, it appears that they are retailing options contracts to traders, I'm not sure if they have an angle that benefits them if your trades expire out of the money...this remains to be seen).

Also, my strategy was designed for use with boomakers like canbet.com and pinnacle.com, as opposed to betting on the sports contract markets such as BetFair.com, etc. I live in the US and was never allowed to open accounts on those markets, not even when online sports bettin was semi-legal here.

However, I can tell you this: It involved betting on the Over/Under Money Lines. There was both a bet selection and a money management component, and my average monthly profit was around 25%.

Now, because EZTrader.com offers hourly contracts, this works great because it gives us the ability to place MANY more trades per month than what was possible with sports betting. This should enhance the profitability. Another good thing about these binary contracts is that, if your contract expires out of the money, you may get a rebate of your loss; this rebate can be applied directly to the money management system to make it even more profitable. I am experimenting with this now.

I also want to mention, that I am not 100% sure about EZTrader yet...Im not ready to deposit money with them. They are based in Greece and I am not 100% confident that they wont take my deposit and run, at some point. Back in the sports betting world, there were only a couple of offshore sports books that were "safe" enough to depoit funds with (canbet and pinnacle). I suspect we are going to have to deal with the same "risks" with these offshore binary traders...I would fel better if EZTrader would post some sort of info that guarantees that the client's funds are kept in a segregated U.S.-based escrow account, and that they GUARANTEE the safe return of available funds.

Having said that, I DID find another binary trading service over the weekend called AnyOption.com. They seem to have cheaper juice than EZTrader and they DO guarantee the client funds will be returned and are on deposit in escrow in a bank account in a US bank (in NYC). They also claim that you get a 15% rebate on every out of the money trade that you place; this will boost profitability big time. They are also based in Greece (Cyprus, actually) and they require a slightly higher minimum trade size ($50, as opposed to $30 over at EZTRader). The only thing that seems to "scare" me about AnyOption, is that they claim the price entry/exit points for the underlying assets on their products are their own proprietary price...so you may not be getting in at the price you THINK you are getting, and this also leaves the price open to manipulation...they are telling you, the trader, up front that they are controlling the price point, so Im not sure if the operation is 100% legit yet. Again, this remains to be seen.

Also, I saw the ad above for TradeSmarter.com...I will have to research this firm as well, all of these sevices look great and have great websites but we just have to do our due diligence before depositing any funds with them.
Click to expand...

Hello.

smartgxl, thanks for sharing your experiences!!
Consistent profit of 25% per month is really a good result. (y)
I hope that soon I will find the way to be profitable as you are with this sports betting/trading as for now is not going very well in this field for me :(

Ciao
 
Hey everyone,

It has been almost a year since I last posted here about Binary Trading and I recently received an email from a new firm, that claims to operate out of Australia, and is regulated under their laws - TradeSmarter.com:

===========================================================

We are pleased to announce the launch of Market Punter, our financially REGULATED partner
Who is Market Punter?
Market Punter is a company registered in Australia, and is authorised and regulated by the Australian Securities and Investments Commission (ASIC) to deal in and make a market in derivatives to retail and wholesale clients.
Traders will be able to take advantage of the same familiar trading platform, intuitive user-interface, quality execution and commission-free trading they currently enjoy when using the TradeSmarter platform, but with the protections afforded by the Australian regulatory framework.

==================================================================

This is not an endorsement on my part for this particular firm, just posting it because it sounds interesting, in case anyone is looking into these new venues for "trading" options.
 
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