Would be interested to know if anyone out there has tested and successfully traded a strategy with both standard broker trades as well as binary option trades. The system I use is very much a intra-trend reversal back to main trend approach.
My thinking is that on these reversals and in addition to existing trades placed it would be another form of cash-flow generation if binary options trades were also placed and of course time is the essence with the binary trades.
Am about to start live testing and if interested please get in touch as I am thinking of setting up a slack group for like minded people to bounce and share ideas with.
Please don’t mind; I seem binary options trading means gambling! It’s too much hurry! I know many traders lost their everything by Options trading! By the way, I am comfortably doing Forex trading with my own news trading experience and knowledge! Forex is much reliable than Options trading!
Plus I really do not trust the 'market' data they use and have been comparing against MT4 market data. Am sure that if you had a huge binary position about to close that the binary market would go against you whilst the forex swap would go the other way!!
So far for me it is two steps forward and one step backwards.
In my opinion, it’s best to stay away from from binary options. They are gambling at best and one takes a big risk when trading them.
Apart from that the binary options brokers are often very untrustworthy. According to a FBI publication, binary options fraud is a growing problem - between 2011 and 2016 the number of complaints and sums lost to this type of scam have grown exponentially. “In 2011, our Internet Crime Complaint Center (IC3) received four complaints—with reported losses of just more than $20,000—from binary options fraud victims. Fast forward five years, and the IC3 received hundreds of complaints with millions of dollars in reported losses during 2016”, FBI said, adding that those figures reflect only the filed complaints. (https://www.forexbrokerz.com/news/FBI-Losses-from-binary-options-fraud-run-into-the-millions)
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