IgIndex binary's

[Rich1983]

Hi guys, I'm pretty new to trading and got a querie if anyone would care to help me out a bit it would be much appreciated.
Right here goes.
I been spread betting with IgIndex the last 3-4 month and I've had some decent returns from long trades on the bluechip companies which I tend to be pretty good with. Problem being I've got a nasty habit of using the 5 minute binary's at £1 per point and I end up losing all the profit within a few minutes which I gained off the bluechip company's. I've tried and tried the binary's and one day I might make a healthy return and the next day I'll lose due to the volatile prices. Does anyone else use the binary's and gain profit long term? And if you buy a binary what would be the highest price 0-100 you'd enter the trade at? I find myself entering the trades up to 70/100 which makes a £30 profit or a £70 loss on a £1per point if it goes wrong. Do you guys think it's worth risking such a high stake for relatively small profit? Or is there a different method I'm missing?

 

[Lord Flasheart]

Its very hard to predict the price movement for a 5 min period.It may work if it were to be an area of resistance or a round number bounce.But you'd be waiting all day for true opportunities where it can be exploited.I did try for a while and failed.I now use binaries for forex. Why not just stick to what is making you money

 

[Phantom666]

Hi guys, I'm pretty new to trading and got a querie if anyone would care to help me out a bit it would be much appreciated.
Right here goes.
I been spread betting with IgIndex the last 3-4 month and I've had some decent returns from long trades on the bluechip companies which I tend to be pretty good with. Problem being I've got a nasty habit of using the 5 minute binary's at £1 per point and I end up losing all the profit within a few minutes which I gained off the bluechip company's. I've tried and tried the binary's and one day I might make a healthy return and the next day I'll lose due to the volatile prices. Does anyone else use the binary's and gain profit long term? And if you buy a binary what would be the highest price 0-100 you'd enter the trade at? I find myself entering the trades up to 70/100 which makes a £30 profit or a £70 loss on a £1per point if it goes wrong. Do you guys think it's worth risking such a high stake for relatively small profit? Or is there a different method I'm missing?

Do you want to be a serious trader or an a$$hole gambler?

If you want to be a trader, stick to the shares etc. If you want to gamble on rigged games, why not do it in the casino? More fun that way.

 

[Rich1983]

Do you want to be a serious trader or an a$$hole gambler?

If you want to be a trader, stick to the shares etc. If you want to gamble on rigged games, why not do it in the casino? More fun that way.

Thanks dude I get the picture, I'm staying away from the binary's.

 

[Rich1983]

Its very hard to predict the price movement for a 5 min period.It may work if it were to be an area of resistance or a round number bounce.But you'd be waiting all day for true opportunities where it can be exploited.I did try for a while and failed.I now use binaries for forex. Why not just stick to what is making you money

As im fairly new to trading I thought id have a go on the binarys to try and find another market to trade profitably as well as the shares but after a few very good days on the binarys I got a bit too eager to try and repeat them and didnt see the bigger picture, but now I think about it and had some advice, 5min isn't enough time to make a rational decision and with the price movement the way it Is at the moment I'm just gambling as the guy in the next post stated. Im going to avoid the 5min ones and maybe look at the daily or onetouch binary's which would be a much more sensible option.