Exposing Binary Options Trading (with DATA)
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- Опубликовано: 24 янв 2024
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Does Binary Options Even Work? Here's the data!
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What if I said that Binary Options Trading doesn't really work? Will you stop trading it? Let's see if I can make you quit Binary Options by the end of this video. How am I going to do this? By showing you actual data that says it most likely doesn't work and by sharing my own experience with it.
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The main issue I see with binary options in my opinion, is how you might lose a trade in the last millisecond of it closing, particularly in otc markets, but there’s always the real market to trade in. However, you know your risk before entering a trade, you can set your own parameters, even if the profit is 90% of your risk. Also, these trading strategies shown here are based on using indicators…which works for some people, but good price action strategies tend to yield better results no matter what type of trading you do. There’s def cons to binary options, but I wouldn’t say it’s a fraud, but it def has its faults, but it’s not that hard to be aware of
The real issue is how psychology always play a factor in what you do. We tend to focus on the bad times, and ignore the good ones. Many times, when trading, I've won lucky shots thanks to those sudden spins in the currency. Times where after 10 seconds of entering I say to myself, "Goddam, I didn't pay attention to the two previous candles, this is going short and I went long..." and suddenly, for a split of a second, thing went long and I earned money that I didn't deserve.
Binary Options is the HARDEST form of trading there is, and sure, the profit is always less than the loss, between 60%-92% most of the times, but still, if you manage to catch a good wave, and you know where you're going, you can make many trades that are almost a 90% sure you're going to win.
The issue with most traders, is that many of them have a win-rate of 50% or lower, so they need to play with wise money management. In Binary Option, YOU MUST at least have a win-rate of 60% to see your money increase. So, of course people will think it's a fraud, because it's fast money, fast trades, fast rewards, and when you lose, you get way more emotional than in other forms of trading, because in all the others you're waiting, studying the chart, if you didn't like something you can get out sooner, or protect your Invesment by retiring sooner. In here, you either hit or miss.
So, sure, people will say it's fraud because most people fail here. But some others won't.
@@robertoj.9509 I agree…very good points made…there’s pros and cons to it all…
What faults do you speak of?
@@robertoj.9509 facts
you guys are blaming binary options when you are trading otc markets xD
That's why I no longer trade binary options. Not only did I lose money, it was always stressful.
It was stressful because you need to learn how to handle your emotions as a trader.
I trade binary options for 3 years and I lost $14,000. I applied the same strategy in Forex, and now I am a profitable forex trader. Because I learned how to accept losses in binary options.
😅
I agree. It is literally gambling with bad odds/ returns.
What about standardized options? Do you still trade those as well?
Forex Trading is like learning to play football (soccer). You must dribble, pass, cross, head, score, and know the rules about tackling an opponent or the offside. Binary Options Trading is also like football but it's all about a penalty shootout. The only skill you need is to kick the ball and leave the rest to luck.
Nice example.
I started out trading forex and lost alot of money ever since i switch to BO ive been more profitable then i have ever been with forex
What worked for you? Which indicators , or days do you trade and with how much you started with in Binary
Yes they manipulate the charts mostly at the closing time.i experienced this comparing the charts with trading view opened at the same time
Extremely well explained...this video is A++++++++++++++
I'm 3min into the vidéo and I've learn more than other vidéo !
Nice, new subscriber.
you learned that he doesnt mention forex and stocks will take your money by slippage and fees
Learning technical analysis is the key to all trading platforms and strategies.
I've been there happy i left for something that have discipline.... Binary gave me too much stress
All you gotta check is the price between an asset vs the binary option broker chart
During trading hours, the charts will be nothing alike
haha good one
Otc will be different. Their regular pairs match.
The whole point of otc is higher risk, higher reward.
stop trading OTC markets, trade mainstream markets.
binary option is best 😃😃😍😍😍
Fraud? You using forex strategies betting on binaries, that's your problem.
I can consistently make profit but I don't know how to trade forex. I can profit with a 45% win rate because of my betting strategy. I don't really even care if I win or lose each individual bet, as long as I achieve near 50% over 40 individual bets I can make my 10% and be happy. Now, I get 60 to 65% accuracy so I don't need those 40 bets but I'm just pointing out its possible.
Binaries are not forex, it's betting so you have to treat it as such and the indicators only help push you over the 50% mark.
Now if your talking the binary trading on pocket options, the spread sucks.
Agreed👍
What is your strategy?
Ofc he wouldn't say because it's something earned through constant failure@@plucat7797
how can you profit in binary when the return with 45% win rate is only 90% max, you will lose a lot of money
The only scenario I can see it working is price action off support and resistance. Even then, it might make you a pathetic ratio if you’re lucky. That vs massive ratios targeting the next level. Or aiming to negate losses via actively managing hedged positions. Seems odd.
Hey Trading Rush!
You should check about the next candle prediction types of strategy and 15 minutes closing time.
why is that?
@@Arizona17 Because it will change the scenerio.
Try to follow the candle shadow , the shadow of a candle is the demand and the body is the offer , the offer will always liquidates the demand , eg if you have a green candle with shadow on the up side ,the next candle will look for liquidates filling the shadow with the inside candle, if the candle closes without any shadow it means it hasn't interest in continue the trend making at least one candle to correct most of the time , it depends on the scenario
BRO THANK YOU REALLY FOR YOUR videos ITS REALLY HELPS ME I WATCH MOST OF YOUR VID AND ITS REALLY HELPFUL THANK SOOOO MUCH
I trade binary options with no problem. I don't trade the otc cause they are not real market conditions.
What platform do you use? Pocket Options?
@@jchidi yes
same concepts exactly, there is no difference
Y’all just don’t know how to trade binary options. And that’s fine. But just because you can’t do something, doesn’t mean that it’s a fraud. I’ve been trading binary options for years. Paid taxes. And have made plenty of money.
true
Can you recommend a good video to understand binary options?
Help me please!!!!
He is right, I do binary trading myself and sometimes I feel too that I'm getting scammed , I made good money with a strategy when I withdrew my money, from next day that same strategy didn't make me a single penny, this thing happened to me alot of times.
Hey
So in other words timing is everything in Binary Options. Not that its actual fraud. It's the get rich quick scheme we tell ourselves because we see the win rates and do the math with compound interest of course and we see the yachts.
Can you please explain which candle is the entry candle ? And is there a specific time within the candle to open the trade ?
I can give you a lead to learn and earn
I was able to run up almost $400 and withdraw some ONCE trading binary options. Many people are saying OTC trading on PO is rigged, and even a super profitable trader I watch on RUclips that trades OTC tells people to just trade Forex. Based on what I've actually observed, I believe it. That's why I'm currently transitioning BACK to futures
same😭😭😭 I failed ever since then😭
I wouldnt recommend trading otc. Its simulation
You're just using a rubbish strategy
Binary options is the New York of the trading world. If you can make it here, you can make it anywhere. People who say it's fraud just don't have the right mindset, money management, and amount of emotional control to become profitable.
Yes I think you're right in that this RUclipsr came on using emotions not reality, there are many people making money with binary options, and a deal is a deal, you can lose money in any kind of trading, that is the first reality.
You have nailed it.
Everything is not the right mindset with y’all lol
Correct bro keep learning leave others😂😂
What about only using price action and no indicators? Just support and resistance and trendlines? Maybe an EMA.
That’s typically what I use and it works for me. Straight price action with breakouts and momentum
I knew it but never did the math and I did binary options like 5 years ago
What will be your openion that we can do it or not?
@@Nick_5534y definitely not.
It doesn't explain well if its a fraud platform explanation mostly emphasize low win rate using indicator .. but if you have better money management i think you can have a better profits
I think money management isnthe key to succes in binarybtrading
Exactly. Your win rate depends on your strategy.
True money management and risk to reward, you need to think outside the box to crack the algorithms repetitive order. It has a loophole I discovered
I am making 3k daily from binary trading. Because very simple i am studying every day the market. But since you said that its a fraud i guess i have to stop it😂😂ma man stop making videos which doesn't make any sense
Hi, will love to learn from a profitable trader like you
He only made this video because he failed
Binary option is a different type of trading
Only smart people will know this video is trash and the owner of the channel is not thinking deep
saying binary options is a fraud because you dont know how to trade it profitably or failed at it is wild thing my friend lool
You could just not trade when the market is bad!! It would seem like common sense to me. Look I am losing, "I will stop for now".
Risk:Reward ratio of binary trading doesn’t fit in my trading ratio.
Yall are just too emotional when you trade stop trying to become rich over night over leveraging will be the downfall to any type of trader
fr i was like am i the only one making money on binary options lmfao
@@jackyye9616foreal, most of the people talking down on it are very emotional and want to get rich overnight. And then they’re copying other people’s indicators.
Isn't any profit good as a small time no experience retail invester? I don't care if I make just $500 profit from a starting bid of $1. I'll take it.
Now, I have to agree. The OTC market is trash. Do not recommend.
It's simply a choice of risk type. Plenty of people are quite profitable in Binaries. Calling it fraud is like saying that the racing platform with more crashes is fraud
Looks like you just used one indicator blindly..ok.
The only drawdown aside from the slight sketchiness is the time limit.
You have to be right in direction in a certain time frame. No open end so to speak.
The price might turn against you only to reverse shortly after..often enough after the trade closed.
Well it’s like a bit like Knock-out options.
I am more worried about it being a legit thing with real payout etc.
if you don’t make it with BO you likely have a hard time elsewhere.
100%. You must know your higher time frame direction and trade with the direction in lower time frame.
@@onyiimaledoesn't always work. High time frame also does give doji signal will will whipsaw you in small time frames if trend following
These guys are real pros in the world of high stakes!
stay away from OTC and you'll be fine. many new traders get greedy when they see the 92% return lol. If you are taking random trades then just send me your money...there is a chance i may give you more back lol
What do you suggest we do then
Money management buddy
Anime is casual 😂
A very very effective strategy and risk management is enough…
this is true when you start investing big bucks
I can give you a lead to learn and earn
i wish i see this 4 years ago
I can give you a lead to learn and earn
In Europe it's forbidden since a few years and with the new ESMA regulations. It's good so, this can't work !
it's not lmao, and yes it works.
I have been winning with binary alot i tried forex is even complex .
You forget to mention slippage and roundtrip fees costing you money, why is that? Because you lost money thinking golf is putt putt
I can give you a lead to learn and earn
*Making it sound like Forex is easy! Wow*
its for mugs, 50/50 bet less than even money, no decent gambler would take a bet on like that, I also see that on certain sites the market isnt real, its computer generated , you have no chance!!
There is on exchange and OTC market
The worst thing about most of these binary options brokers are that they position themselves as a "finance/investment" related body, instead of gambling & betting. Only very few make a disclaimer that they provide financial betting services.
I’m new in trading 😊
Dont let this video scare you away, I trade binary and its not what they are making it
bro stop being a sorry guy , if it didn't work for you it doesn't mean that its not working at all , i am a good example of some one who managed to make 2800$ in less than an hour with a capital of 7$, perhaps this shows that you have faced a severe loss in binary trading , that's why you are saying all of this
Please could you teach me how you did this?
🔥👏🏾
I quit binary options long ago. I think binary options is more like gambling rather than trading.
No it's not gambling if you understand markets
💯
no you just fucking gave up because it's hard.
@@donvaughn4239oh no it’s definitely gambling lmao. No matter how much you innerstand the markets. You still have entities who decide how price moves
. We can have all the technical, and fundamental analysis in the world but still can’t dictate what the market will do. We simply follow it and manage our risks to reap the fruits of the markets.
Most worthless argument on earth Binary options is goated
how much have u made?
@@jchidi like 1million
Do you use OTC or standardized market and what strategy you use?
Hell man it's all gambling.
Another frustrated guy who doesn't understand binary trading. Your strategies are so bad for this kind of trading mate. I'm new in binary (6 months) and doing quite well with the right strategy.
what strategy do u use?
Yes what strategy/indicators? Do you use OTC
Hello boss wah strategy do you use
Tell us your strategies
50 RSI and Stochastic overbought and oversold conditions 5 min candle sticks
Don’t work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $100k in a new or old coin and stocks for just few months sometimes lesser and now they are multi millionaires. I pray that anyone who reads this will be successful in life ✊🏻❤🙏
Sincerely speaking. I will continue to trade and stick to my coach daily signals / and guidance and soft Ware.
Hallelujah!!!!!!!!!!! The daily Jesus devotion has been a huge part of my transformation. God is Good 🙌🙌🙌🙌🙌🙌🙌🙌🙌was owing a loan of £47k to the bank for my son's brain surgery(Samuel). Now I am no longer owning after I invested £6500 and got my payout of £290k every month, God bless Alice 🇺🇸🇺🇸🇺🇸
Binary options "sucks"
Binary is pure gambling unlike forex it's your choice to become a gambler or trader
on normal forex i can't trade on one minute because the leaveragebisbtoo high even if i put a big lot i would be in a huge loss