I just put 250 into a binary options account. I lost money on these a year ago but I'm going to try it again.
Anyone have experience with them?
Also I'm aware the binary options brokers are there to take people's monies.
>Operate off "volume basis"
>Don't charge commission on any options
>More predictable stocks (such as vidya companies) not available
>Have fluctuating % payoffs for more volatile times of day
>Offer ridiculously unpredictable 60-second binaries
>Provide an overload of information on trading to make it seem like theyre helping, but they rush you to start by constantly calling and emailing, so you don't have a solid strategy
>"Not trying to take our money"
I know I'm playing their game on their turf, but it's still satisfying to hold the thought that I will be taking their money.
Any of you chums winning in the options field?
>calls dumb frog poster
>is some wanna be businessman wageslave
Enjoy the morning commute wage cuck. I'll be in my bedroom, making 400 trade bux an hour.
Trading on a currency pair/stock that offers an 80% payout, one must trade correctly for an average of 60% of all trades to be (slightly) in the green. More than 60% gets bigger bucks
I didn't ask for advice, I asked if anyone else trades them. Looking for confirmation they work not some bullshit strategy off a stranger
Also said 400 an hour. to be a billionaire i'd have to trade for 2,500,000 hours
BTFO beyond repair, likely on suicide watch too.
Fuck off. Why would you think they work? you are operating at a significant disadvantage to lets say, an actual big boy trader, who struggles to gain even a slight leg up on the market.
If someone who does this for job can hardly get his predictions right on actual trades enough to make a profit, why the fuck do you think you'll make a cent binary options trading where the broker is taking a huge cut into your winning? Its basically tossing a biased coin, picking the less likely side, again and again.
Hurr durr how do i strategy durrr
The only way to beat options is to work like a derivative
bet a dollar
if that fails bet two dollars in the same direction
if that fails bet 3 dollars in the same direction, and keep doing that until you are right.
You end up risking a lot of money for miserably meager returns, but it does work, mathematically.
That wouldn't actually work in practice, chum. Not intuitively, but mathematically. Notice how binary brokers recommend this too.
Lets say you have 250. 80% payoff.
>You bet 5 (typically the minimum)
Seems unlikely you'll lose all 5 though right? No.
You have a 1/32 chance of losing all of them on the first go.
If you do it again, you have 2/32, or 1/16 chance of losing them all.
You do this 4 times, a 1/8 chance of losing it all.
If you do it 32 times, you're statistically guaranteed to lose it all, and will just be lucky if you don't.
So even if you get 31 correct, the money earned is only around 96. But you lose 250.
Thanks for the help though.
maybe if the yes or no options were perfectly random, you'd be right, but human psychology isnt perfectly random. a market downturn can only goi on for so long before people see a deal, and vice versa.
Why the fuck don't you just trade regular options, or forex, or something less gay.