Reasons to trade Binary Options

burdianex

Junior member
19 0
Binary option contracts are unique and have some characteristics that sets them apart from other financial instruments. Traders can trade assets in different asset classes, and the traders always have an expiry date or time. The trader is also put in a position where he knows exactly what the trade will cost him, and what he will gain or lose depending on the outcome of the trade.
There are many reasons why you should trade binary options. Binary options were licensed for the retail trading market the same year that the conventional markets went haywire after the collapse of the subprime mortgage industry in the US. Some of the reasons are as follows:
a) Less risky to trade
In the traditional financial markets, there are a lot of factors that traders must contend with. Leverage, margin, slippages, poor internet network and unscrupulous practices by some brokers can affect the trade outcomes, making forex and commodity trading some of the riskiest trading ventures to get into.
Binary options trading is devoid of some of these factors. There are no re-quotes, no slippages and no leverage or margin requirements to content with. There are also no margin calls.
b) More choice of what to trade
Some binary options brokers offer up to 90 assets. That is 90 different financial assets that can present an opportunity to make money at any given point in time. If the market saying about a bull market being in existence somewhere, you surely have better chances of finding such opportunities in the binary options market.
c) Reduced Cost of Trading
If you live in the US and trade forex, the new guidelines issued by the Commodities and Futures Trading Commission (CFTC) will require you to open an account with at least $25,000 for forex trading, and even more for options trading. With binary options, you can get into the market with as low as $100. YOU DO NOT NEED AN ARM AND A LEG TO TRADE BINARY OPTIONS.
d) Better payouts
The percentage profits that traders can earn are typically higher in the binary options market than in any other market. Payouts range from 70% to 90% in ordinary trades, and up to 500% in the speculative high-yield trades. Trades with shorter expiries can open up the opportunity to make even more money.
 

Rambo35

Active member
227 6
I think everyone needs to know if they are good for them. The industry leaders are becoming regulated and there are plenty of terrible binary option providers.
 

pboyles

Legendary member
8,072 1,302
Binary option contracts are unique and have some characteristics that sets them apart from other financial instruments. Traders can trade assets in different asset classes, and the traders always have an expiry date or time. The trader is also put in a position where he knows exactly what the trade will cost him, and what he will gain or lose depending on the outcome of the trade.
There are many reasons why you should trade binary options. Binary options were licensed for the retail trading market the same year that the conventional markets went haywire after the collapse of the subprime mortgage industry in the US. Some of the reasons are as follows:
a) Less risky to trade
In the traditional financial markets, there are a lot of factors that traders must contend with. Leverage, margin, slippages, poor internet network and unscrupulous practices by some brokers can affect the trade outcomes, making forex and commodity trading some of the riskiest trading ventures to get into.
Binary options trading is devoid of some of these factors. There are no re-quotes, no slippages and no leverage or margin requirements to content with. There are also no margin calls.
b) More choice of what to trade
Some binary options brokers offer up to 90 assets. That is 90 different financial assets that can present an opportunity to make money at any given point in time. If the market saying about a bull market being in existence somewhere, you surely have better chances of finding such opportunities in the binary options market.
c) Reduced Cost of Trading
If you live in the US and trade forex, the new guidelines issued by the Commodities and Futures Trading Commission (CFTC) will require you to open an account with at least $25,000 for forex trading, and even more for options trading. With binary options, you can get into the market with as low as $100. YOU DO NOT NEED AN ARM AND A LEG TO TRADE BINARY OPTIONS.
d) Better payouts
The percentage profits that traders can earn are typically higher in the binary options market than in any other market. Payouts range from 70% to 90% in ordinary trades, and up to 500% in the speculative high-yield trades. Trades with shorter expiries can open up the opportunity to make even more money.

Binary options are just another financial scam. Stay well clear of any of these companies.
 

Hoggums

Senior member
2,176 878
Binary options are the most expensive way you can trade.

Try it out - buy a binary option and then buy the opposite binary - then sell them both. You'll lose approx 25% of your total stake doing that. Horrendous value!
 

BobbyBB

Active member
176 8
Reasons to trade Binary Options?

1. To lose money
2. To be taken advantage of by very shady offshore companies
3. To admit you're clueless about what you're doing (one example, see Hoggoms post above, they're effectivly impossible to make money on over a period of time due to their costs)
4. To feel 'cheated' when you realise why you've lost so much money when you finally realise how awful Binary options are
5. Because you like to get taken in by the slick marketing (get rich, it's easy with Binaries!) only realising later that the broker got rich with your money/dreams...
6. To not realise who's taking the other side of your trades and he knows more than you'll ever know about using binaries (which is why your money will soon belong to him!)
 

Giovan

Active member
163 7
Reasons to trade Binary Options?

1. To lose money
2. To be taken advantage of by very shady offshore companies
3. To admit you're clueless about what you're doing (one example, see Hoggoms post above, they're effectivly impossible to make money on over a period of time due to their costs)
4. To feel 'cheated' when you realise why you've lost so much money when you finally realise how awful Binary options are
5. Because you like to get taken in by the slick marketing (get rich, it's easy with Binaries!) only realising later that the broker got rich with your money/dreams...
6. To not realise who's taking the other side of your trades and he knows more than you'll ever know about using binaries (which is why your money will soon belong to him!)

Thanks for the deep explanation. These Binary marketers are just the worst snake oil salesmen I have ever seen. No FSA regulation and all those brokers are shady....never heard of any bank brokerage offering such....As long as it remains so Binary trading will be the worst scam after Liberty reserve
 

BobbyBB

Active member
176 8
PLus the one taking the other side of your trades (the broker) controls the computer which controls the pricing.

Sort of like playing Roulette in a casino where the casino owner has a number of switches to use when the ball is spinning around depending on where the customers place their bets. The switch of course is not used all the time but the option is available to use it all the time :)
 

nyk911

Junior member
18 0
Hi Sir,

Does binary options really exist? I mean is there any real genuine binary option platform to trade.
 

Rambo35

Active member
227 6
I would not call them a scam, you just need to have a different approach if you want to make money. I do agree that most binary brokers are shady and will scam you, but I think the few market leaders do not do so. I have been trading them since last year and so far have not been cheated.
 

nyk911

Junior member
18 0
I would not call them a scam, you just need to have a different approach if you want to make money. I do agree that most binary brokers are shady and will scam you, but I think the few market leaders do not do so. I have been trading them since last year and so far have not been cheated.

Actually im about to start off trading binary options abut after reading so many forums and real bad reviews... Is ther any real genuine brokers who is willing to pay off our profit. I understand that its more like a gambling where there are lots of chances to lose what we got but at the same time what happens if we turn up to be a good trader and do make some profit.?
Again a danger of account being terminated without being able to withdraw profits.

So this is what is my concern.
 

Rambo35

Active member
227 6
Actually im about to start off trading binary options abut after reading so many forums and real bad reviews... Is ther any real genuine brokers who is willing to pay off our profit. I understand that its more like a gambling where there are lots of chances to lose what we got but at the same time what happens if we turn up to be a good trader and do make some profit.?
Again a danger of account being terminated without being able to withdraw profits.

So this is what is my concern.

There are a lot of brokers who will not pay you out. I have read about plenty of traders who were not allowed to withdraw profits. I also heard that some brokers will ask you to close your account if you make consistent profits. Just be careful.
 

nyk911

Junior member
18 0
There are a lot of brokers who will not pay you out. I have read about plenty of traders who were not allowed to withdraw profits. I also heard that some brokers will ask you to close your account if you make consistent profits. Just be careful.


So this is what was my point!!!! Can i know any real brokers to deal with?
Sir im asking because u seem to be more experienced and do have knowledge about the current market.
 

pboyles

Legendary member
8,072 1,302
So this is what was my point!!!! Can i know any real brokers to deal with?
Sir im asking because u seem to be more experienced and do have knowledge about the current market.

Do not get involved in binary options, you will lose your money, just forget about it, there are no good brokers.
 
 
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