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My friend, you are day-dreaming, NOBODY can consistently double his money every year. At that rate you could turn $10,000 into $10,485,760,000 in 20 years. Another 10 years and you now have more than 10 TRILLIONS dollars.

Yep, they will probably start in Brighton beach (also known as "Little Russia") :D

Bottom line, as far as option trading is concerned, it's better to be on the seller side than on the buyer side, as the odds clearly favor the sellers (writers). However, if used properly and under the right circonstances, buying put or call options AND buying/shorting/holding the underlying...

The mathematical assumption behind the famous (or should we say infamous) Black Scholes model is completely flawed, you should know that by now. In fact, and it's one of the best kept secrets, only the option brokers/sellers know the REAL value of an option. I even read somewhere that the...

And what's next, Russian soldiers in Times Square and all over Fifth Avenue and Broadway, supposedly looking for Ukrainian "criminals"?

http://www.investopedia.com/articles/optioninvestor/03/100103.asp From the article: "The three-year averages of exercised options (in the money) versus options expiring worthless (out of the money) for the markets examined below confirm what the overall findings indicate: a bias in favor of...

"It's not how right or how wrong you are that matters but how much $ you make when right and how much you do not lose when wrong" - George Soros Drownpruf, do us all a favor and post this note on your computer. Why didn't you ask yourself that same exact question when you completely polluted...

I am not questioning anyone's ability to make money trading options, no doubt that a few highly-skilled individuals will succeed in that field, I was simply talking about options in general. An in general, this game is slightly skewed in favor of the option sellers (also known as the writers)...

That's absolutely correct, the very first thing trading firms will look at is the percentage of trading capital you are risking, per trade and globally. They like to see 2% to 4% risk per trade (and/or globally) or less, and no more than that. But if they ever notice that you are sometimes...

You mean in Paris, France?

Wait a minute young man, didn't you say that NO police report was ever filled after your car crash last week?? :mad: Now suddenly I am not so sure about your moral integrity... :confused:

Well, John Paulson lost a half of a billion dollars from his Sino Forest investments. George Soros lost $1.5 billion in 6 months betting against the Euro currency market. And Warren Buffet lost 1 billion during the first quarter of 2014 alone. And yet I don't see anyone here on ET laughing...

You are right of course. But don't worry, in the end our Lord Jesus Christ, the son of God, will return just in time and crush all these dictators and banksters around the globe, including their leader, Satan the deceiver. In the meantime we (or our children and their children) will indeed...

Too bad I cancelled that day-trade (I was busy baby-sitting another trade on the EUR/USD), it was a winning trade (50+ pip profit). Oh well.

My advice on binary options? Stay away from them in general, in the long run the mathematical odds favor the seller (the one selling you the option), not the retail trader (the speculator). And the same can be said about options in general. For example, did you know that the famous...

Do you have any idea how silly some ET members would look if OP made his first documented $1,000,000 ( or more) at the age of 25? :cool:

Legal disclaimer: No kangaroo was harmed in any way during that Australian trade! :)

Nonsense, we have plenty of them in the Long Island zoo. :p Don't worry about me, Mike Dundee taught me all the sneaky tricks on how to beat a kangaroo. In fact he is with me right now at the Plaza Hotel, drinking Foster beers. But wait....could you please excuse me for a second...

The Australian report seems like a non-event so far...

Bought AUD/NZD at 1.0850, 30 pip stop.