Hello from Russia
- Thread starter 0SmallTrader0
- Start date
How come it's " their money" ?
They will want the US to ease up on sanctions. So Trump has something to give that they want.
That`s why i quoted "their".It`s our money that Putin and his friends have stolen from us.Estimated 1 trillion dollars kept in the US banks + 100 billions in treasures which they quickly reduced to 48 billions.Putin realizes that the money could be gone forever, so he`ll trade his ass to Trump to get it back.This midget is just so obsessed with the money.The dictator just should be hanged by the balls asap!
You won't like my response, and I apologise in advance for that ...
Whatever sort of trading you're doing, using binary options is a bad idea and is a way of stacking the deck even further against yourself, in a field of activity in which very, very few people are ever successful in the first place, and it's something you should avoid. However well regulated the brokerage is.
You'll have, typically, around an 8%-10% additional edge to overcome, just because you're using binaries, and that makes it terribly, terribly difficult to achieve steady profits. (I've been trading for a living for many years, and I definitely wouldn't be able to do it, against odds like that.)
There are reasons why so many countries are now gradually making binary options illegal, and more will continue to do so, and (however much we dislike regulatory and governmental interference with trading) in this instance they're actually good and valid and appropriate reasons: it's a really "dirty industry" with the odds truly stacked against the retail consumer.
I think "back to the drawing board" would be a good approach for you, here ... and to be honest I'm slightly surprised that nobody else has yet mentioned this to you (actually I strongly suspect that some people didn't notice the word "binary" in your subsequent post).
Sorry to sound so negative but you're actually significantly reducing your chances of success through financial trading, at the moment. The reality is that only the newest, most inexperienced, least well capitalised traders ever try to trade this way, and virtually none becomes successful through it.
Just my perspective ... (and that of an increasing number of governments, worldwide, who understandably and for once rightly want to protect their citizens from this "crooked market") ...
Last edited:
Where does that "8-10%" come in? Higher price of the options?
Yes, it's a kind of inbuilt spread/house-edge ... it can best be seen when taking a binary on something that looks like a 50/50 chance: you can see the prices for going both long and short, which will typically each be priced at something like 54/46 or 55/45 against the customer. The inbuilt "house edge" is kind of similar to the casino's inbuilt edge at roulette, but substantially bigger! Truly a horrible way to try to "trade".
Yes, it's a kind of inbuilt spread/house-edge ... it can best be seen when taking a binary on something that looks like a 50/50 chance: you can see the prices for going both long and short, which will typically each be priced at something like 54/46 or 55/45 against the customer. The inbuilt "house edge" is kind of similar to the casino's inbuilt edge at roulette, but substantially bigger! Truly a horrible way to try to "trade".
I find options generally annoying... even without that kind of headwind.
Lol, I hear you there ... and "binary options" are to "options" what "military brass band music" is to "music".
Lol, I hear you there ... and "binary options" are to "options" what "military brass band music" is to "music".
I take it you're not a fan of John Phillip Sousa's music?