I watched some videos on YouTube about how easy 1-minute (or binary options) trading is
>call when the line peak bottom
>put when the line peak top
so I decided to give it a try
and have been practicing for a few days on a demo account
made about 100 bets
and I get about 55 % wins, which feels like a roulette
profit is about 80% and lose is 100% so I lose money in the end
is 1-minute a scam or is there a idiot proof strategy to beat it?
>claims to be a get rich quick scheme
>end up losing more than winning
>still needs to know if it's a scam or not
I played poker online a while ago and made some money there
after cash out I got like 1 grand left
I wanted to move the money and play around with it in stocks
problem is I don't have the knowledge to go into classic stocks, forex, futures etc.
so the 1-min trading looks interesting to me
I tried to bet with the trend and against the trend
but the line is too random and betting on peaks just don't works
what I noticed about the YouTube videos is the name is like "700 $ in 10 min!!!" which sound like bullshit
and they do only 2 or 3 bets and then end the video while saying how easy it was
>what I noticed about the YouTube videos is the name is like "700 $ in 10 min!!!" which sound like bullshit
>and they do only 2 or 3 bets and then end the video while saying how easy it was
And that isn't a redflag for you?
If anything is "easy" and takes "10 minutes" that already means there's a catch.