Posted on 05/18/2015 11:55:38 AM PDT by righttackle44
A couple of friends have encouraged me to try trading binary options. They use trend-spotting software, and they have shown me how it works. They say they consistently make money--sometimes very good money. The times they have invited me to observe their trading sessions--neither trades all day--they have made significant amounts of cash. Their only warnings are to be careful of the broker I use, and not to go crazy. One showed me an article about a particular user of binary options trading software in which the writer said that almost all software programs can work, but, of course, to check out references and so forth.
Anyone have advice? And if you post, please accept my thanks in advance. I must focus in on a completely unrelated project, and I will respond later today or tomorrow. Freepers are the best.
You either do or you don’t.
There are 10 kinds of people in the world, those who understand binary and those who do not.
0 or 1. Take your pick.
Binary options DO consistently make very good money.
For the broker.
I also know a sure way to make money on slot machines.
Own them!
If it works so well and consistently, why isn’t everyone doing it to almost print their own money?
Binary options reduce risk at a cost.
There is a valid use of them, some businesses do it.
They don’t eliminate risk, and they don’t reliably improve the odds of you making money.
You’re either on or off.
There’s a sucker born every minute.
They are becoming more mainstream”.
I trade bazillions of options, but not binary, so far.
Try it. Start with an amount of money you can afford to lose.
CONTROL your LOSSES.
Caution. If something sounds too good to be true and all that.
Yes and no...
Well, yes and no...
One minute...
“There are only 10 types of people in the world: Those who understand binary, and those who don’t.”
I’ve never heard of binary options, but I do have a general (and perhaps uninformed) comment.
There are two kinds of mutual fund managers, the ones who actively trade, and the ones who buy the index. Those who buy the index simply buy shares in all the possible stocks, not just shares in the stocks they “like”.
Numerous studies have shown that most index managers outperform most active managers. So I’ve got to ask, if the binary options method is so great, why don’t the active managers just use that method to beat the index?
I just took a moment to glance to see if there are any responses. I appreciate your wisdom, Attention Surplus Disorder. Thank you.
Remember that the entity that sold you the option can and will manipulate the market so your option expires worthless.
Add to that the commission and the spread between the bid and ask price and prepare to lose money most of the time.
I love binary comedy.
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