Hey, how are you, i am also into binary options for 4 years now, i trade both forex and binary. i have a clean record of 85 trades, 3 losses in 1 month, i trade with vantage fx, use 5m chart, and 30 expiry, i use R/S as my strategy, simple, and avoid to trade the middle of the chart.
I only make Money from Binary options I struggle with spot trading as my account size is small, through emotion (Greed, Desperation) I have kept blowing my account but now turning it into a business Im in profit and have a withdrawal plan of a weekly target once met I withdraw, which I start properly in Jan,
my strat is PA using S&R as well as trend lines and the TF I trade are 30min - 1hr Expiry
the most I have done is turn £100 into £1500 but as Greed or desperation goes I keep blowing the account, LOL
all will change now in New Years,
would be good to exchange strats and Ideas on how to preform better at this,
All traders deserve transparency and their answers to be answered. Does not matter which the author is. People deserve the truth and them to take their own decisions accordingly. Without intimacy or hesitation.
I had small experience years ago with BO offered by GFT (before to be bought from Gain) on GBP/JPY binary with expiration of 1Min. I used to monitor 1M chart GBP/JPY and was traded 1M binary option, but they stopped 1M expiration. I believe BO would be easily manipulated from the broker side especially if the broker says - it is synthetic product.
MichaelWhite1 posted: All traders deserve transparency and their answers to be answered. Does not matter which the author is. People deserve the truth and them to take their own decisions accordingly. Without intimacy or hesitation.
This sounds to advocate that you have the truth and really the reputation of making money with binary options is not good at all. It is an immense pyramid that hardly benefits a few investors that I believe naively seek to enter that land, with the theme of 'all or nothing.' Of course then, when they go for more, they lose what they won, boom! Is that how it works. Being simple and affordable attracts a surprising amount of investors. And come on, they are not reliable because they are not being regulated, you can not say that it is legal and transparent because without regulation there is no guarantee that you will not lose your money, binary option brokers work on the best strategy to leave the investor with nothing . I'm sorry, but binary options should NEVER be an option.
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