Posted 19 August - I wouldn't place my eggs in just one basket, and would not depend only on bins at least not until the industry is well regulated. I do think it's a good extra income to other more "regular" forms of trading. I wouldn't place my eggs in just one bag, and would not depend only on bins at least not until the industry is well regulated. I wouldn't rely solely on bins trading for income if you are going to use an unregulated offshore broker. If you are just starting out my suggestion is to find a regulated broker.
This industry could go to shit very quickly with all these scammy brokers popping up. I already knew a little, like following a trend, support and resistance, but very basic knowlegde. The first week following his "System" it was just incredible: I turned my initial deposit of Euros into Euros.
You probably guess how it continued. On Monday of the 3rd trading-week I blew my account and I returned to reality. But I still believed that I was on the right track, so I deposited my withdrawn money again My biggest problems are emotions and discipline,so I began meditading before trading, it really helps.
Posted 20 August - Posted 20 November - I think everybody will agree with me.. Posted 16 December - If platform owners were honest, yes, we could earn some money but not live off it entirely. Currently, I would not trust brokers for 2 cents For me playing Binary options is like playing. Posted 27 December - I'm also wondering if this is possible.
I want to stay legal though, and as I'm in the US, that seems kind of hard. But I only know one peep with that skill and he's not talking. Some guys have a feel for market zones and know where rejections of said zones are.
I don't see why you can't make an income while you learn swing trading or better yet futures. Posted 28 December - Posted 12 January - With the right safty net It is possible But it's hard and risky Better deal with binary options as a second income.
Posted 15 January - The reality of the answer to this question is actually double sided. The first aspect of being able to make a full time living as a binary trader is that it is possible. It is not typical, however, and you would have to get extremely good at it in order to make a full time living. If something has the potential of earning money, there is someone who uses it to earn a living. The reality of things is that it is a risky investment vehicle just as anything with quick returns has a tendency to be.
If you are able to manage the risk, develop a strategy for choosing the best trades, and can create a winning financial strategy for investing, you could do it full time as a living. Simple 4 step Binary Options trading! Back to top Report 15 boty boty Member. Posted 27 January - Of course you can live with BO trading if you're good at BO trading. As forex, a professional can earn even hundred thousands a year. But is it easy? I think it's up to you. If you are not good at trading you are still new with this field, I advise you find a main job and use a small part of your income every month to trade.
Posted 25 February - I'm betting the broker would start fighting you claws and nails if they consistently lost money on you. Great minds discuss ideas. Average minds discuss events. Weak minds discuss people. Back to top Report 17 Tripack Tripack Trader. In theory yes, in practice I don't believe so for several reasons: By nature, bins are being provided by bucket shops which don't have any connectivity to markets liquidity, it means that their source of revenue is the delta between losing and winning "bets".
Unlike true brokers who get money out of forms of commissions for the service provided, bins brokers provide an illusion of a service, in fact you serve them with your deposits. Since you are in competition with your service provider, it can lead to all kinds of technical, sales and retention tricks to deposit more than you'll ever get back By nature bins are unpredictable because you not only have to pick up a good entry but a good expiration, which x 2 the challenge.
There is no room for natural room an asset's price is needing for going fram A to B and this even on the smallest cycle, smallest TF etc. Let's not forget about the less than 1: Good for extra income but never assume you'll pay your everyday bills with bins, imho The goal should be, to trade binaries, so you can make a income and then invest the income to make a disposable income.
The education, commitment, attiude and dicipline is a must. You are never invincible. Posted 26 February - I feel there are many many obstacles that any successful trader is going to face in long term , when he has decided to make money for living only via Binary option trading.
Getting banned from broker or getting tricked with price manipulation. Trader need to identify when broker is playing games and need to stop trading with them, rather than loosing money with bad platform with spreads. Once you leave bad broker, you should be in a position to quickly adjust to new platform with new broker. Which is sometimes hard to do. But this is essential skill to continuously work with different type of platforms. Keep withdrawing money weekly or monthly.
In these situations you need to have that patience and not to get frustrated. Until you don't receive your funds , you should never waste energy and time with such brokers who delay withdrawals intentionally. Even regulated brokers like Bac de binary can create issues while withdrawing. Keep changing brokers, and never make them feel that you have withdrawn too much at one time. So better to withdraw weekly.
We've stopped running the Shoutbox due to your inactivity. If you are back again, please click the I'm Back button below.
But similar to Billy Kay. Very few setups on that. Around per day per pair. BinaryOptionsTutordotcom and Ede like this. Should you try it? Sami and Neuron like this. Are there any brokers out there to use besides Nadex? Some guys have a feel for market zones and know where rejections of said zones are most likely.More...