Binary options - any pros at all?
- Thread starter blackkey
- Start date
before you put another trade on try and withdraw money. I don’t think anyone has ever got their money out of a binary options account, maybe Nadex.
Then you think wrong. I opened a live account with Binary dot com back when it was still BetOnMarkets, probably in 2011, and I never had any problem withdrawing money, nor did I have any problem when I had to empty my account due to returning to the United States in 2014.
Moreover, over the years their platform has won numerous awards from major reviewers in the financial industry—a testament to the first class service which Binary dot com has provided its clients over the years—much better, in my opinion, than clunky NADEX, which is also legitimate, but which I have ceased using because I feel like I can successfully place orders only about half of the time.
In terms of regulatory oversight, Binary dot com is regulated by the Malta Financial Services Authority as a Category 3 Investment Services provider under the license number IS/70156. On the Isle of Man and the UK, Binary dot com is regulated by the Gambling Supervision Commission and the UK Gambling Commission respectively. The platform has also been issued a Remote Bookmaker’s license by the Revenue Commissioners in Ireland.
No, I have not. But since I am only using the Binary dot com platform to sharpen my ability to rightly apply my trading system, and use my OANDA account when I wish to make live trades, and am already well aware of the many scams that have populated the binary option universe, I lack the motivation to do so.
Oanda has binary options?
In developing a system for trading Forex, I tried to apply some of the same principles used by meteorologists when forecasting the weather. But as with their computer generated models, an intrinsic predictability limitation of Numerical Price Prediction is error growth with time.
So not surprisingly, these last two days of trading have resulted in my coming to rely almost exclusively on five- and one-minute charts. To think that I might be able to tell what could happen any further into the future than this with any reliable degree of certainty would be a case of self-deception—especially if I wish to make money every day, and throughout the day, which is my goal.
That said, I find that one of the most useful features offered by five-minute charts is the amount of clarity their “instantaneous moving averages” offer in recognizing genuine, bona fide reversals in the short-term trend. And when it comes to one-minute charts, at this point, I don’t think I could bear to part with the counsel they provide as to exactly when and where to enter and exit positions. Over time, I’ve come to completely reject the notion that if I am trading one-minute charts I am trading noise. From my perspective, one-minute charts contain a wealth of information that is (usually) rational, organized, and characterized by easily identifiable, frequently reoccurring patterns.
So not surprisingly, these last two days of trading have resulted in my coming to rely almost exclusively on five- and one-minute charts. To think that I might be able to tell what could happen any further into the future than this with any reliable degree of certainty would be a case of self-deception—especially if I wish to make money every day, and throughout the day, which is my goal.
That said, I find that one of the most useful features offered by five-minute charts is the amount of clarity their “instantaneous moving averages” offer in recognizing genuine, bona fide reversals in the short-term trend. And when it comes to one-minute charts, at this point, I don’t think I could bear to part with the counsel they provide as to exactly when and where to enter and exit positions. Over time, I’ve come to completely reject the notion that if I am trading one-minute charts I am trading noise. From my perspective, one-minute charts contain a wealth of information that is (usually) rational, organized, and characterized by easily identifiable, frequently reoccurring patterns.
This little study is done. Everything I've seen over the past two days has either verified the various aspects of my system or enabled me ultra-fine-tune my settings to the most precise of parameters.
No, binary trading is MORE risky, because of the time element and the 4:5 reward-to-risk ratio. So, even if you get the direction of the trend right, you will still lose if your contract happens to expire during a pullback, which will happen a lot. And even if you are right 55% of the time, you are likely to still lose money because if you risk $10, you will lose $10 every time you are wrong, but you will usually gain only $6 to $8 every time you are right depending on the amount of return offered by a given contract.