Binary Options - OptionBit

[StuDogg]

Hi,
I'm a bit new to the world of trading, so please forgive my ignorance, but I was looking for some information regarding Binary Options, and in particular, the trading site 'OptionBit'.

The site gives you the option to choose whether or not the value of a currency (or other assets) is going to go up or down, and give you an 81% return if you call it correctly.

I found a strategy by a trader called Keith Jones 'The Lazy Day Trader' who claims to have come up with a pretty sound system of trading in small time periods (half an hour cycles) whereby if you bet a certain amount on the value going up, for example (£10 is his starting investment) and get it wrong, then you go again betting on the value increasing, this time with an amount such that the 81% profit would cover the loss from the first investment, and garner some profits (£26 is the suggestion he gives). If it fails again, then simply says it's going upwards again, with a larger investment which will again cover the previous losses (£65 is his next suggestion). This is done once more with an investment of £150 (if all else has failed hitherto), at which point he claims it's near 100% guaranteed that, assuming you're betting on pretty stable currencies, you will win.

Now I don't necessarily agree that it is near 100%, but using a dummy account on the OptionBit website, I made around $250 from an initial $500 account balance in a couple of days applying the same principle (albeit with slightly different, less costly figures).

To me, something doesn't seem right; it just seems a bit strange that a first time investor can be able to get such large profits so easily, and it if is that easy, why aren't more people doing it?!

I've also heard a few mixed reviews about the OptionBit website, with some people suggesting it can take quite a while for any withdrawals to come through.

As I say, sorry if I come across as very naive, but if anyone has any help or information regarding the legitimacy of this binary trading technique or the OptionBit website in particular, then it would be greatly appreciated

Thanks,
Stuart

 

[safvan]

Stuart

Email optionsbit White Label Affliate program and apply to become their partner for inquiring. In the documents you would see how binaryoptions (which is a slot machine gambling game) works.

Binary Options come under gambling license. You are better off giving your money to charity or perhaps if its not a big amount and you want to enjoy losing it.

Your FIRST trade in the account would ALWAYS be a winner if you do indeed go about it.

I was about open a up binary options business myself but then did not continue. I think it requires around $15k or so setup. The main thing is getting new clients for your business.

 

[StuDogg]

Okay, thankyou for your response

 

[Lord Flasheart]

Hi,
I'm a bit new to the world of trading, so please forgive my ignorance, but I was looking for some information regarding Binary Options, and in particular, the trading site 'OptionBit'.

The site gives you the option to choose whether or not the value of a currency (or other assets) is going to go up or down, and give you an 81% return if you call it correctly.

I found a strategy by a trader called Keith Jones 'The Lazy Day Trader' who claims to have come up with a pretty sound system of trading in small time periods (half an hour cycles) whereby if you bet a certain amount on the value going up, for example (£10 is his starting investment) and get it wrong, then you go again betting on the value increasing, this time with an amount such that the 81% profit would cover the loss from the first investment, and garner some profits (£26 is the suggestion he gives). If it fails again, then simply says it's going upwards again, with a larger investment which will again cover the previous losses (£65 is his next suggestion). This is done once more with an investment of £150 (if all else has failed hitherto), at which point he claims it's near 100% guaranteed that, assuming you're betting on pretty stable currencies, you will win.

Now I don't necessarily agree that it is near 100%, but using a dummy account on the OptionBit website, I made around $250 from an initial $500 account balance in a couple of days applying the same principle (albeit with slightly different, less costly figures).

To me, something doesn't seem right; it just seems a bit strange that a first time investor can be able to get such large profits so easily, and it if is that easy, why aren't more people doing it?!

I've also heard a few mixed reviews about the OptionBit website, with some people suggesting it can take quite a while for any withdrawals to come through.

As I say, sorry if I come across as very naive, but if anyone has any help or information regarding the legitimacy of this binary trading technique or the OptionBit website in particular, then it would be greatly appreciated

Thanks,
Stuart

Stuart

This method is nothing different than doubling up on red at a casino if you lose. However at a casino you have about 49% chance of being right,with these options you would win 50% of the time but would only get an 80% return. do not start your trading career using these,seriously unless you have a slight edge youd be better off playing the exchange games on betfair,more chance

 

[StuDogg]

Thankyou for the responses!

I can see the comparison to gambling (particularly with the strategy given by Keith Jones) but using a bit of logic, is it possible that it becomes less of a gamble, and more of an educated decision. For example, if the value is at its highest point in a long while, would I be right in thinking it's a safe bet that it will likely drop over the next hour or two (again, I'm new to this, so I'm more than prepared to see this opinion get shot down if needs be)?

Safvan, you mention that you will always win on your first go, but wouldn't the fact that it's based on actual figures (I cross-referenced them with some forex graphs) mean they can't simply let you win a few to lure you in, before decreasing the likelihood of success?

As I've said, the dummy account has been successful, and whilst I am skeptical. I'm unsure as to how the results could be any different to how they would be had it been a real account.

 

[chris33]

Thankyou for the responses!

I can see the comparison to gambling (particularly with the strategy given by Keith Jones) but using a bit of logic, is it possible that it becomes less of a gamble, and more of an educated decision. For example, if the value is at its highest point in a long while, would I be right in thinking it's a safe bet that it will likely drop over the next hour or two (again, I'm new to this, so I'm more than prepared to see this opinion get shot down if needs be)?

Safvan, you mention that you will always win on your first go, but wouldn't the fact that it's based on actual figures (I cross-referenced them with some forex graphs) mean they can't simply let you win a few to lure you in, before decreasing the likelihood of success?

As I've said, the dummy account has been successful, and whilst I am skeptical. I'm unsure as to how the results could be any different to how they would be had it been a real account.

I Tried the keith jones system awhile back, it's no good..

He has a new system now called 60 second profit, that don't work either.

Thankfully i have now found a good binary option signal company that is now making me a profit on a weekly basis.

I don't really want to say who it is as i don't want people to think like i am spamming. I was accused on another forum because i was a new member.

They were all very rude, there all a bunch of clowns.

 

[StuDogg]

I Tried the keith jones system awhile back, it's no good..

He has a new system now called 60 second profit, that don't work either.

Thankfully i have now found a good binary option signal company that is now making me a profit on a weekly basis.

I don't really want to say who it is as i don't want people to think like i am spamming. I was accused on another forum because i was a new member.

They were all very rude, there all a bunch of clowns.

Lucky I steered clear then

Thanks for the response. If you do have the time to post the site you're referring to, I won't criticise!

 

[chris33]

No worries There is two i am using.

Binary option box , and the other is citadel markets, which i have been with for over 2 months now.

You may find some negative comments on the latter mentioned, which are simply not true.

The clowns i was referring to is on the Aussie stock forum.

My ITM % with binaryoptionbox has been around 70-72% citadel higher around 85%, citadal being alot more expensive to join though.

Duane really knows is stuff when it comes to trading,He was a bank trader for over 22years, he always gives us good advice on his skype group.

If i was you try binary option box for now and see how you get on.

Some again i'm sure some will think i am something to do with these companies :/

 

[StuDogg]

Awesome! Much appreciated

 

[maestro29]

I was wondering if anyone here has had any experience with citadel markets from Australia?
Or know of any1 who uses their binary options signals?

 

[Dominator4fx]

I was wondering if anyone here has had any experience with citadel markets from Australia?
Or know of any1 who uses their binary options signals?

As of now i am concentrating on the Forex trading only so i stay away from the Binary options

 

[maestro29]

As of now i am concentrating on the Forex trading only so i stay away from the Binary options

Do you trade yourself or use a signal service?

 

[Trader'sChild]

I have joined a BOT platform and have so far been successful. Sure, I have lost money too, but overall I am up! What I found that seems to work better is not to make a lot of trades, but just a few a week with $100 or more per trade. I choose very selectively after analyzing the charts using freestockcharts.com. When I see a clear direction, I strike!

 

[LosPinos]

I agree that the regular binary platform look and feel like a gamble... In essence they are as you are dealing with unregulated schemers based in Cyprus that offer a head or tails trade on only 85% max return... why people trade these is beyond me but I myself have been sucked in before.... I was lucky (or unlucky) enough to make money however coming to withdraw it was a different matter.
However I do not agree with Lord Flasheart, The platform I use are FSA regulated or work within a regulated environment as an appointed representative. If you do some research in what you are talking about you will see that in the FSA handbook a binary/digital option is in fact a regulated trading instrument both in the UK, Europe and the US.

Obviously trading in a regulated environment with a platform that is to say the least a little more mature than the up/down 85% ones means that my money is housed safely I can and have withdrawn several times with no issues and I can be confident that I wont be in a worldspreads or MF global situation as they use a third party payment provider to segregate my funds from the companies. Oh and I can get a return of upto 2000% per day with each option with the ability to sell early if I want...... All in all a very happy binary options trader.

 

[Sophielamm]

I have just looked in the anyoptiontrading signals and i have found it more interactive than the ones on optionbit. Still, the tradologic system is the best !

 

[LosPinos]

Guys I am at a loss as to see why you all think that someone providing trading signals is a bonus.

Is that not the biggest conflict of interest going. A platform gives you signals on trades to make money.... the only way they make money is when you lose.

Im confused!

I have just looked in the anyoptiontrading signals and i have found it more interactive than the ones on optionbit. Still, the tradologic system is the best !

 

[dotcom]

No worries There is two i am using.

Binary option box , and the other is citadel markets, which i have been with for over 2 months now.

You may find some negative comments on the latter mentioned, which are simply not true.

The clowns i was referring to is on the Aussie stock forum.

My ITM % with binaryoptionbox has been around 70-72% citadel higher around 85%, citadal being alot more expensive to join though.

Duane really knows is stuff when it comes to trading,He was a bank trader for over 22years, he always gives us good advice on his skype group.

If i was you try binary option box for now and see how you get on.

Some again i'm sure some will think i am something to do with these companies :/

i have been trying to contact citadel markets, but haven't gotten a response from them. I guess i call at the wrong times. maybe you can help me, How much do they charge for their services?

 

[bandit007]

Hi, I believe somewhere in the region of $5000, expensive I think. I saw one of their trading seminars and it was nothing but two hours of hype.

 

[moka2]

I agree that the regular binary platform look and feel like a gamble... In essence they are as you are dealing with unregulated schemers based in Cyprus that offer a head or tails trade on only 85% max return... why people trade these is beyond me but I myself have been sucked in before.... I was lucky (or unlucky) enough to make money however coming to withdraw it was a different matter.
However I do not agree with Lord Flasheart, The platform I use are FSA regulated or work within a regulated environment as an appointed representative. If you do some research in what you are talking about you will see that in the FSA handbook a binary/digital option is in fact a regulated trading instrument both in the UK, Europe and the US.

Obviously trading in a regulated environment with a platform that is to say the least a little more mature than the up/down 85% ones means that my money is housed safely I can and have withdrawn several times with no issues and I can be confident that I wont be in a worldspreads or MF global situation as they use a third party payment provider to segregate my funds from the companies. Oh and I can get a return of upto 2000% per day with each option with the ability to sell early if I want...... All in all a very happy binary options trader.

So who is a sucha good regulated platform why don;t you disclose?
or PM

 

[LosPinos]

So who is a sucha good regulated platform why don;t you disclose?
or PM

Hey Moka... I have disclosed who I use on these boards many times. I am not bothered about letting you know who I use.

For Spread betting I use IG and CMC... CMC more because its a cool platform.

My Binaries I now only and as I have had no problems probably only ever will use PYXmarkets... Please note though that if you want up/down 50/50 binaries dont look at these guys. You build you own options hear and get qouted real time trade and exit prices.

My stock trading I use X-O.com purely because its the cheapest around by a mile £5.95 per trade.

Hope this helps.