Binary options

[Majorman234]

Honestly I’m not interested in it due to the payout ratio and the Short term binary is basically like playing roulette without free drinks and pretty girls. House will kill you in the end and you don't get a buzz or any sort of job out of it. Also it can be shady as some brokers are not trustworthy.

 

[oidunno]

Ive spent +10k hours of my life in the last decade in screen-time as a full time fx trader. And frankly anyone with similar experience cant pick at least 5 candles a day on E$ and $Yen 1m, 5m, or 15m charts with a consistent 65% and better, record of predicting direction of following candle? simply from watching a bare chart with a few S&R lines, and an eye on news and fundamentals.. would have a problem. A colleague has dubbed it "momentum instinct" . In this I profoundly disagree with fighteagle100s suggestion that it is like "flipping a coin".

My interest in BOs arose from close analysis of RoI, and VaR.
A successful BO strategy offers excellent RoI. And the VaR is, unlike spot, risk is set in stone. (And Black Swan events like the recent SNB antics can never compromise your capital beyond the contract undertaken.. as many on the SpotFx space were surprised to find to their cost some months ago, with the CHF fiasco)

As to brokers.. Hyperscalper advocated Nadex/IG. I agree. Probably only retail US options broker worthy of your attention.
He refers to "Analytics" as creating an Edge.
Ive no difficulty in accepting that a quant approach can be and for Hyperscalper, is successful, because without any doubt, whatever about the random walk theory, particular price action situations yield very high probability "next bar" results.

Me? I use Dukascopy. Unlike Nadex/IG .. a very simple put/call Fx contract,
One or two quirks.
1.The price feed is the same ENC feed /with same spreads as their spotFx tick.
2. Clients puts/calls are priced off the applicabe bid/ask from that feed, at execution. E$ normally 3.(on a 5 digitFeed)
3. if strike is same as entry ..you loose. Strike must be ITM.
4 Strikes are NOT at minute/hour end but 60 secs/5mins/60 mins FROM EXECUTION TIME.
5. Payouts of 90%
6. Minimum deposit 100 USD
7. Flexible contract size 1 to 1000 USD
8. Custom contract lifecycle 1 to 60 minutes
9.14 base currencies: USD, CHF, EUR, GBP, JPY, CAD, AUD, SGD, DKK, NOK, RUB, SEK, PLN, HKD
10 Clients’ deposits protection by the government (up to 20,000 EUR)
11. Finally, the quirk....there is a builtin 2 second delay from the Dukas OBtradeservers receipt of traders execution instruction, and actual execution. This clearly creates a risk for clients in the two seconds following a placement, when a spike tick can give trader either a better or worse entry to that which they clicked on. I understand its there to stop traders/bots exploiting a sudden spike with a fast click.

Theres a demo. Try it. Though if your US based may not be eligible.
(nothing to do with regulation.. your IRS.. Swiss institutions dont want to know anymore.)

 

[akash123]

No, binary trading is not similor to gambling. binary tradin is a exchanging of currencies.

 

[solid2222]

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