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Why not open a regulated brokerage account and trade on a regulated options exchange?
Why not open a regulated brokerage account and trade on a regulated options exchange?
Binary options - any pros at all?
- Thread starter blackkey
- Start date
Those binary exchanges are not that different from the option market itself. You are right in that they have simplified the execution of straightforward strategies which benefits the beginner. The risk is that it's not properly capitalised and you could lose all your money that's with them.
I would argue the markets they make are not any different from the options exchanges in the US. I don't think you're at any disadvantage when it comes to execution. The outcome is still the same, you will eventually exit for a loss overall and they will eventually take most of your money. That is no different from trading options in the US.
I would agree with the other comments that you should treat these like a casino and can enjoy the ride on your mobile while paying For a chance of hitting a jackpot. At least they will let you hit the bid and take the offer and get filled! Just be prepared for these guys to close one day and your chips to disappear.
I would argue the markets they make are not any different from the options exchanges in the US. I don't think you're at any disadvantage when it comes to execution. The outcome is still the same, you will eventually exit for a loss overall and they will eventually take most of your money. That is no different from trading options in the US.
I would agree with the other comments that you should treat these like a casino and can enjoy the ride on your mobile while paying For a chance of hitting a jackpot. At least they will let you hit the bid and take the offer and get filled! Just be prepared for these guys to close one day and your chips to disappear.
I must say I did not read all the comments here, but listen to me.
I am from Israel and very ashamed with the binary industry. pure lies, pure weak stupid and vicious personals. This industry DOES NOT represents israel. a supportive fact that you should consider - Binary option are forbidden to """"" trade """""" in israel since last year.
After sharing with you this information, if you decide to play a game you have no chance to win- you probably dont deserve your money.
I am from Israel and very ashamed with the binary industry. pure lies, pure weak stupid and vicious personals. This industry DOES NOT represents israel. a supportive fact that you should consider - Binary option are forbidden to """"" trade """""" in israel since last year.
After sharing with you this information, if you decide to play a game you have no chance to win- you probably dont deserve your money.
Binary dot com is once again re-branding itself, this time to Deriv dot com. I plan to hone my ability to trade using this platform. Unfortunately, I can only use a demo account because I live in the USA, and I refuse to trade with Nadex because it's been my experience that their platform doesn't work properly like 50% of the time.
It's true that timed expirations play a huge part in contributing to a binary option "broker's" edge, but I believe that the system I use compensates for this. If this experiment works out, perhaps I can begin trading with Binary/Deriv again at some point in the future provided I get that chance to live elsewhere in the next year or so. (It's been my experience that I compile returns faster with less money using binary options than with anything else.)
I'm starting with a balance of $10,204.89, and for now, I'm only trading AUDUSD.
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https://www.timesofisrael.com/topic/binary-options/
Read the coverage from the Israeli press. Even in the unlikely event you win you can never withdraw your profits.
Read the coverage from the Israeli press. Even in the unlikely event you win you can never withdraw your profits.
At 9:30 AM Pacific Standard Time, the market has begun to lack the liquidity/volatility required for the best trading, so my activity has ended for the day. I was asleep during most of the time between now and my previous post, so I only had the chance to make a handful of relatively small trades.
Dude, your brain doesn't work properly 100% of the time. ATM binaries (fwd) are a 50/50 proposition.
The "broker" you're working with is the counterparty to all your trades. Therefore there's no "liquidity" or lack of it when you're trading their platform, it's just them on the other side of every trade. I doubt at $10,000 you use up all their liquidity to the point they won't enter a trade with you?