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Do you like Binary ?
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PriceAction13

Member Since Oct 08, 2016  58 posts PriceAction13 Feb 02 at 11:58
My trading career, I have seen, people are frightened about any binary option trading, but in order to me, binary option is an easy and effective way to invest money in stocks and make a little extra on the side sometimes in less than 60 minutes. It provides an online platform that allows you to make an investments right from the comfort of your home. All you have to do is relax and watch your investments grow exponentially.

To change your trading result, just change your thinking.
mlawson71

Member Since Dec 11, 2015  1486 posts mlawson71 Feb 05 at 15:47
Binary options, in my opinion, carry a significant amount of risk. Much more significant than Forex does. According to a very recent FCA report Brits lose an average of GBP 87 000 a day to binary options scams. (https://www.forexbrokerz.com/news/FCA-Brits-lose-GBP-87000-to-binary-options-scams-per-day)
The FCA warned that such fraudsters promise high returns and use images of luxurious items like expensive watches and cars and yachts to lure the people to put money in the scam.
After that, they usually distort prices on their website or refuse to return the clients’ funds using all sorts of excuses and citing impossible withdrawal conditions or simply shut down the client’s account and disappear with the money.

TNguyen

Member Since Jun 20, 2014  28 posts TNguyen Feb 06 at 06:18
The most disadvantage in trading binary options is to trade against the brokers ( ie traders win , brokers lose and vise versa ) . That means that there is no way the traders could win no matter what strategies they use .

ricki72

Member Since Mar 02, 2013  238 posts ricki72 Feb 06 at 10:36
if you lose, you lose 100% of the amount you want to risk.
If you win, you get only ~ 80% (more or less, depends on the broker)

Is there anything mor to say?
It´s worse than roulette in a Casino.

The differenece between who your are and who you would like to be be is what you do
Hildur

Member Since Dec 19, 2017  9 posts Hildur Feb 07 at 14:31
I like binary but I hate binary brokers. They all seem to steal your money

Back4Good

Member Since Dec 06, 2017  15 posts Back4Good Feb 13 at 11:47
It is such a shame. I have had some good results using binary on demo account but all the brokers I've tried have screwed me on a real account

togr

Member Since Feb 22, 2011  3706 posts vontogr (togr) Feb 13 at 12:27
Binary is not any good. Regular Forex trading will give you much more options to make profit.

I like what I trade, I trade what I like
PriceAction13

Member Since Oct 08, 2016  58 posts PriceAction13 Feb 14 at 10:19
i would strongly advice any trader to consider the facts before attempting to trade binary options. There are literally almost ZERO brokers who are trustworthy in their binary offerings , and there is no reliable way to vet them in advance –similar to how trading Forex itself was 10 years ago.

To change your trading result, just change your thinking.
RedPips

Member Since Feb 15, 2018  10 posts RedPips Feb 15 at 12:05
There are a couple (literally a couple) of good brokers. I think binary can be good that is why none of the big Forex brokers offer it. They are scarred they will lose money from retail traders winning

mlawson71

Member Since Dec 11, 2015  1486 posts mlawson71 Feb 16 at 15:47
The entire binary options broker industry is deeply untrustworthy. There’s a good reason why Israel, which used to have a very large, thriving binary options broker industry, ended up banning their business altogether. (https://www.forexbrokerz.com/news/Israeli-parliament-bans-binary-options-industry) Those who violate the ban, will be treated as money laundering and offenders (individuals and companies) will face various penalties, including up to one year in jail.

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