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Anyone had experience with binary options? [Vanity]
Various | May 18, 2015 | RightTackle44

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.


TOPICS:
KEYWORDS: gambling; investing; software
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1 posted on 05/18/2015 11:55:38 AM PDT by righttackle44
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To: righttackle44

You either do or you don’t.


2 posted on 05/18/2015 11:57:32 AM PDT by AppyPappy (If you are not part of the solution, there is good money to be made prolonging the problem.)
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To: righttackle44

There are 10 kinds of people in the world, those who understand binary and those who do not.


3 posted on 05/18/2015 12:01:12 PM PDT by Ray76 (Obama says, "Unlike my mum, Ruth has all the documents needed to prove who Mark's father was.")
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To: righttackle44

0 or 1. Take your pick.


4 posted on 05/18/2015 12:02:08 PM PDT by uncitizen (Pamela Geller - Peaceful Protestor)
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To: righttackle44

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.


5 posted on 05/18/2015 12:02:45 PM PDT by Mount Athos (A Giant luxury mega-mansion for Gore, a Government Green EcoShack made of poo for you)
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To: righttackle44

You’re either on or off.


6 posted on 05/18/2015 12:03:42 PM PDT by deweyfrank
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To: righttackle44
My experience


7 posted on 05/18/2015 12:04:16 PM PDT by Raycpa
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To: righttackle44

There’s a sucker born every minute.


8 posted on 05/18/2015 12:04:21 PM PDT by batterycommander (a little more rubble, a lot less trouble.)
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To: righttackle44

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.


9 posted on 05/18/2015 12:04:43 PM PDT by Attention Surplus Disorder
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To: righttackle44

Caution. If something sounds too good to be true and all that.


10 posted on 05/18/2015 12:05:28 PM PDT by Personal Responsibility (Changing the name of a thing doesn't change the thing. A liberal by any other name...)
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To: righttackle44

Yes and no...


11 posted on 05/18/2015 12:06:41 PM PDT by WayneS (Barack Obama makes Neville Chamberlin look like George Patton.)
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To: righttackle44

Well, yes and no...


12 posted on 05/18/2015 12:07:49 PM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: WayneS

One minute...


13 posted on 05/18/2015 12:08:31 PM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: AppyPappy

“There are only 10 types of people in the world: Those who understand binary, and those who don’t.”


14 posted on 05/18/2015 12:11:06 PM PDT by TexasCajun
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To: righttackle44

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?


15 posted on 05/18/2015 12:12:02 PM PDT by Leaning Right (Why am I holding this lantern? I am looking for the next Reagan.)
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To: Attention Surplus Disorder

I just took a moment to glance to see if there are any responses. I appreciate your wisdom, Attention Surplus Disorder. Thank you.


16 posted on 05/18/2015 12:14:36 PM PDT by righttackle44 (Take scalps. Leave the bodies as a warning.)
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To: righttackle44
Sure. It's a RADAR thang!



17 posted on 05/18/2015 12:17:49 PM PDT by eyedigress (swh)
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To: righttackle44

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.


18 posted on 05/18/2015 12:23:31 PM PDT by Kenny500c
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To: righttackle44
Don't Gamble On Binary Options - Forbes.com
19 posted on 05/18/2015 12:26:18 PM PDT by Bloody Sam Roberts ("It is never untimely to yank the rope of freedom's bell." - - Frank Capra)
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To: Ray76

I love binary comedy.


20 posted on 05/18/2015 12:45:16 PM PDT by EEGator
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