Binary.com previous Bet On Markets

dart101

Junior member
16 0
I see they are covering more markets and the platform is easy to use. A big word of caution if using them. Do not trade in quiet markets. Why you may ask.

They seem to have some bias programming on their spreads. Lets say the USD/YEN is 105-105.4 you would think if selling you would get 105. 9/10 times they will fill you 2 to 3 points below the bid and 2 -3 points above the offer. So in any slow market yours odds of making a quick trade are almost zero. Be warned.

Indexes would be better if you could day trade them instead of having to trade 24 hours in advance. It appears although these guys offer 15 seconds and upwards for FX trades I would only use them for longer strategies or risk loosing your shirt on bad quotes and fills.

JMHO
 

Torch

Member
57 0
At the end of the day BOM is BOM. warts and all, it's now one of the very few places you can do binary options and expect a withdrawal request to be taken seriously.
 

dart101

Junior member
16 0
I agree their payouts are fast. But the problem is short term trading doesn't work with their system. They give you the next tick and that could be anything. You can't go by the spot price they show - it means nothing. The next tick always goes against you, or at least 95% of the time. Other 'warts' are not being able to close out long term positions on indicies. Now that is crazy. I've never seen that before. Any position over an hour in duration should have the option of closing out. They have a tick filtering algorithm to smooth out the FX markets, I say they have a program that conspires to give you the worst price on short term trades ! and their algorithm if watched closely actually makes the markets more volatile than they really are.
 

Mutualsports

Newbie
1 0
The algorithm at BOM

Dart, it was always there. As long as I can remember!

I played BOM or Xodds as it was know way back when, and ran an Excel database to find it. You cannot easily defeat it.

I stopped playing when I traded sports at Tradesports. All the same to me, as I was not a big trader. I averaged about $1000 to $2000 per year in profits. Trading the NBA is exactly like FOREX. Score goes up, buy, team losing, sell. Only with the NBA. No other sport works. I use Betfair.

But now I live in the country side and my Internet connection is horrible. I was thinking of getting into the binary market again. I am having problems with live feeds for NBA.

My Internet service dies half way through a game, and of course, I am fried. Praying to the gambling gods is of no avail. lol


I sent a few e-mail to the owners of Xodds when it first started, with a few ideas. I had previously traded virtual stock markets, a blast, but shut down by the SEC.

When 911 hit, so to speak, XODDS shut everything off. But when the lights came back on, they paid me in full!!!

I was always shorting the USD. It was on a downtrend back then. I played almost every night for months. I did ok. I would just wait for a nice run, aka trend, and follow it.

I do not understand Dart, what you mean by not being able to sell long-term positions.

I have not deposited yet, so curious about that. Say I buy the DOW to go down in three months, I cannot sell the contract if I change my mind???

I could way back when, but that was thirteen years ago!

One trick I did all the time, was buy $15 to win $500. Really long odds. It will emulate a FOREX trade for about a day. You must sell same day however, before the close. It will work on any currency. I did not find much difference in the spread doing it that way.

The algorithm back then was simple. It was programmed so say that you would need at least a 1% rise in any currency to make double the money. But if you tried 50 times, hit 50%, you would not win, hitting the 1%, if that makes any sense. That is where the spread is hidden.

You need to hit higher than 50%. You cannot win hitting 50 out of 100 trades. At least not back then.

I doubt it has changed much. It is sort of programmed using the past. It is much easier, to ride a trend. Sit and wait.

My fav was the USD/JPY, again because it trended to 1% in an evening at least a few times a month. So $100 would win about $300. I forget the exact amounts, it was too long ago.

You want to look at that. It is a gamble. Payout is excellent, and always was. Good to hear it still is.

I also played the tick game. Another blast! Stupid, but fun. The most I ever won was $5 to $175, and then they cut me off as per the rules.

I used a stupid trick. In lotto numbers, like the pick3, about 58% of the time, one of the previous numbers will appear. So I timed it to an atomic clock, and picked away.

S-LUCK!! lol!

I would not try again, well not yet...

Do let me know about this long-term thing Dart. I want to buy at around 8 P.M. to 10:00 P.M New York time, and I want to sell the contract before it expires. I do not use short time frames, usually about a week. What ever pays out the most!

If the USD goes up .3% in the first two hours of the open, at least way back when, it would often hit 1% on the day, and a nice payout. Same thing down. The money is in aiming for the 1% and a lot of gambling, selling if wrong, and keeping money to try again. No ticks, no scalping, just gambling.

Since there is no leverage, all you can do is lose a bit.

Also let me know if you find a fixed odds forum! I posted in this forum many years ago, but it is massive!
 

backe

Newbie
5 0
i think bom is ok.
In this time we have a trend in silver and gold.
You can trade day by day , higher and higher
from end of the the day to the end of the next day
chartanalyse for silver and gold is no problem. for instant streiffi , in german only
 

BOP

Junior member
16 3
Binary.com is pretty sound. I must have traded with them for well over 7 years and only ever encountered one problem with them. That was in thin markets when a strategy I followed had a period of taking to much money out of them. As a result the platform was conveniently 'unavailable' during the required trading window. Still it wasn't losing me money more of an aggravation that I couldn't make any.

I must admit though I've never really got into the tick trading. I've kinda left that well alone as even without brokers loading trades, there is such a small margin between winning and losing that I think it's makes it very difficult to work out a strategy that can reliably compensate for the all the variables that tend to work against you.

Interestingly I see there are still some services around plying the trade on this platform - http://www.binaryforexsignals.com/ is one. Longer term No Touch bets which I think is the best way to trade. I've not reviewed them myself but the results look OK and it's cheap and little maintenance.
 

dart101

Junior member
16 0
Hi MutualSports

What I meant by not being able to close out positions when winning was: I read the rules and thought within a sufficient time frame I could close out positions, I think within 15 minutes of them closing. I have positions on the HSI Index and the Bombay and a few others and it kept saying (when the market was open) 'details not available' . So I just watched winning positions slide into oblivion.

I think (from reading their site) a while back that you should be able to close them out, but convienently I was never able to due to possible 'technical errors'. So I would test it first with very small positions.

Once again do not trade anything under 3 to 4 minutes duration. The next tick is always a bad one (goes against you) some times by as much a 1.5 pips. It's a crap shoot.

I like the up or down markets but just have to do longer term trades and possible 1 or 2 max a day instead of 10 or 20.

I haven't found anything of interest out there when you can trade with a few pounds. Financial and Capital spreads are really good but you need a lot of cash to trade within their systems. So start saving !!!


Thanks for the strategies. I'll think about them.
 

dart101

Junior member
16 0
I have not deposited yet, so curious about that. Say I buy the DOW to go down in three months, I cannot sell the contract if I change my mind???

Test the system first, it's very important you do that with a small bet to see if it will allow you
 

marketwizard123

Member
70 0
use the bonus code BBM009F20 when you sign up then you can do minimum deposit of £/$/etc 5 and get £20 bonus to trade with, that should give you a better idea before you make a larger deposit
 

kahayana

Newbie
2 0
hi there

I ve a robot for trading in binary.com
Named : lucky luke 1.1 ..faster than its shadow

I am working with IT programmer specialist

He made multitab n multiaccount robot trading for binary

We sell it with 250$ for only 1 CR n VRTC account as the serial number

after that u can login with multiple account to trade in more than 20 tab in just 1 click
 

jkane

Active member
128 1
hi there

I ve a robot for trading in binary.com
Named : lucky luke 1.1 ..faster than its shadow

I am working with IT programmer specialist

He made multitab n multiaccount robot trading for binary

We sell it with 250$ for only 1 CR n VRTC account as the serial number

after that u can login with multiple account to trade in more than 20 tab in just 1 click

Betonmarkets only legit binary broker..the rest are all frauds
 

sun11

Experienced member
1,474 337
I am an old customer of Binary.com. Payment withdrawal done within 24 hours. So withdrawing money no problem. But making money with binary option trades , the concept itself is hard.
 

Webforecast

Newbie
9 0
I am an old customer of Binary.com. Payment withdrawal done within 24 hours. So withdrawing money no problem. But making money with binary option trades , the concept itself is hard.
Hi, then you recommend Binary.com as a trusted broker I presume?
Yes binary is difficult but I found Forex more hard and complex...
 

sun11

Experienced member
1,474 337
Hi, then you recommend Binary.com as a trusted broker I presume?
Yes binary is difficult but I found Forex more hard and complex...

I am not recommending any thing, i'm just saying it works with me. Trust is completely your decision.
In case of Forex, you can optimize your R/R ratio, but here you can't. That's why I don't like it.
Binary.com sometimes allows to sell the contract to cut losses, but not all the time. In case of Forex you can close your trade any time!
 
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