What my experience on trading , I make trades in little as 1$ per trade, but I wait for the market to set on my selected type, so I win all the day. This is a good documentary but what the viewers/traders have to understand is that emotions will lead you to loosing money alot. Trust me, I lost nearly $3000 last 3 years before, but I tried to learn why i loos then I realized It's not a problem with the system it is the problem persist within our mind management and money management. If you are patience enough to wait until the market , and candles set to your win win pattern you will never loose your money. Keep calm trade low, do not dream quick for big money . Dream long term dream but reach to achieving it go slowly.
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Hey Nick! As someone who trades a lot of binary options, I agree with you. I've traded everything from equities to forex to futures, and I can certainly say that binaries are definitely the hardest instrument to consistently profit with. With proper risk management it is technically doable, but it's really like nothing else; it's really it's own thing & there isn't anything else like it in trading. And, also there are a LOT of scams out there. I only really know of two brokers that I am certain are legitimate when there are twenty or more out there. It's also gamified in a why to attract gamblers, as you've said which is a very lucrative business but it does capitalize on beginners who want fast wealth. After all, there definitely is a reason you don't see too many consistent binary traders. Good video all in all, have a nice day 🥂
i have been trading Binary for 2, 3 years now. You are 100% right, it is very difficult to get a long run win ratio is just a bit over 55%. On top of it, because execution is so easy a lot of people or even myself very easy to over exposure capital lead to loss entire account. It is not worth at the to risk money when loss a trade and then double the beat to recover that. I am moving back to Traditional Option trading special lead option, and Forex trading instead. The point that use Binary Option as a hedge it a good idea where if I have a long term trade open. Thank you so much for this movie, I will share with my friends
All thanks to Mrs Williams Evelyn she is a guru in binary investment I just got my second withdrawal of 7500$ with a deposit of 1500$ you can contact her on WhatsApp number +1(520)829-4231.
After 5 years of Binary Options, this is the most honest documentary I have seen on the industry. Yes, I have made money short term but overall long term, it has been a losing endeavor. Back to regular Forex for me. Many thanks for the effort and disclosure.
It's not that you're losing long term or short term with binary options, because it's a 100% scam. What you have to understand is that there is no actual trading going on. It's all smoke and mirrors, they own the website and to them it's as easy as changing numbers and manipulating the stats. What you're looking at are actual stocks but the platform you're using to trade isn't actually real. The money that you win isn't actually money you're winning. The most you can take out is pennies compared to the amount you have in your account. And the only reason they do that is to manipulate you into believing it's a legitimate website. You try to take out $10,000 guess what happens. You get locked out of your account and they put you on a blacklist. Never to be seen or heard from again. With every single penny that you thought was yours, gone.
I landed on an advert about binary options on Facebook two days ago, very appealing if I say so myself, and frankly prayed to God for the a correct move before I could invest in it..And truly, I have received it..Thanks Nick, now I know what to do..
you'r totally right ! i'm in binary option for a long time studdy it very deep and yet always lost at the end, lately i tried alpari and although they'r regulated i could't believe my eyes 2 times when the candle was very large at my favor and they used manual control brought it fast in the opposite direction and when it reached my spot became slow kept going few more pips took my money and boom straight up to its natural place ! now you all thinking wow he is so stupid things like this happening all the time.. let me tell you it was happening in a very weird way and i have much experience at this area and most important thing i always trade one broker but same time have another broker chart in front of me.. and i saw how they still my money while in the chart of the second broker the candle kept going my favor! and im talking about a large candle you cant find any reason for it.. binary option they are all thieves ! dont even try it ! they will pull you in so hard so deep you wont know what hit you !
I started to get an interest in trading in binary option. Your revelation open my eyes, much better to return in forex trading. Thank you very much and i will share your video what ever I can.
Thank you for your honest opinion on binary options I was looking to get into the market but not now lol I am going to try the stock market instead . Please keep posting reviews it's very much needed.
Great video, thank you very much, I was starting to get interested in them!! You have probably saved me a lot of money by turning me right off the idea! Thanks again.
When he said " I will NEVER recommend binary options to anyone ,being a professional trader for over 10 years" it really hit home. I regret all the time i have wasted learning BO. Rn i could be a somewhat decent forex trader in the last 2 years. Thanks a dozen tonnes man. Thank you for showing the light
Yeah. He is bias. I trade binary option with candlestick price action. Why do you call is gambling? With money management and discipline you can make money
I just started using an app on my phone out of curiosity, I think I will concentrate on learning the basics of FX with a practice account instead, At least the experience I build up there will be worth something in the long run. Thanks for the video.
Thank you, Nicholas, for sharing this fact. I also got into this three year back and continued for nearly a year learning it. I lost a few hundred dollars and finally, I realized that it was not a true thing.
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IT INSPIRED ME A LOT BUT WHAT IS THE KEY OR STRATEGY WHICH CAN MAKE NEWBIES AT FAR LONG I KNOW ITS QUIT TRICKEY BUT I WILL TRY TO LEARN FROM YOUR VIDEOS IL I PROMISE ILL DEDICATE IT AND REPLY YOU SOON WITH FEELINGS, AN AWESOME DOCUMENTRY LOTS OF LOVE FROM INDIA
What a great explanation, makes so much sense and truly helpful for beginners. Luckily the skeptic in me has feared binary options enough to avoid taking the plunge and some of the brokers are utter low-lifes. Just need to save up and I'm very interested in learning more from you guys at Duomo. Thanks Nic.
Thanks buddy. Glad I was able to steer you in the right direction. Look forward to hopefully welcoming you on board, in the meantime feel free to take full advantage of all our free stuff, there should be plenty for you to get started with your learning.
very good nick, i was involved in these about two years ago, very quickly realized there was something wrong with them but not before i lost a little money then by chance i came across the duomo initiative and have really enjoyed the content ever since. keep up the good work by the far the best company i have ever dealt with and is most appreciated.
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So which forex platform do you reccommend then? I've downloaded binary playng with a practice account, I've done really well, but your advise seems sound. so I want to learn to trade, which platforms best?
While you're learning you should use a demo account. Go for an FCA regulated broker that offers you a free charting package like MT4/MT5. This video (and comments section) should help you: ua-cam.com/video/s-iC--QXK24/v-deo.html
Thor Trader7 seconds agoYou are 99% correct except for 1 and that is NADEX. They are an exchange not a broker. That means you are trading against other traders and independent market makers not the house. They are regulated in the US, the strongest regulations in the world. You can deposit or withdraw money in 1 day w/ a debit card of 3 days by wire transfer (I have done both). Weather you make or lose money depends solely on your trading skills. I have been trading there for 3 years and yes I have losing days and occasionally a losing week but in the long run I always make money. They charge a very low commission $1.00 each way not the 80% rip off. Also you can set the risk/reward by selection a strike for example if you want a 1/3 ration you would buy or sell a strike trading at about $33.00. A 1/1 trade would be a strike trading at $50.00 or an in the money trade would be at $75 to win $100.
BO is literally HIGH-LOW dice betting the ONLY way to really profit on that, is if you had like a millionaire account and exploited 2.50x martingale with $1 most casinos have a limit on how much you can gamble on HIGH-LOW because of that in binary options it also applies, at least for IQ options, the limit is $20.000, they are aware that with unlimited martingale, millionaire people could exploit their system with $1 martingale bots
No, the maximum bet limit at IQ Option is in fact collective $8000. "collective" = not individual = total of all participants not just one participant = If only (for example) $400 / $1000 / $2000 is available, then you have only $400 / $1000 / $2000 maximum bet. I can say this because I have done big money betting at IQ Option. (Yes, it was not my wisest moment in life .. ) Yes, without min/max bet limits any betting game is potentially beatable with martingale. But then it is not impossible for 16 / 18 / 20 consecutive same-color / alternating-color candles to appear anyway. Betting $3,000+ after 10/ 11 / 12 consecutive losses? That is unwise. Anyone would go broke before he ever hits any maximum bet limit. The real question really should be about the legitimacy of binary-option instrument. Whoever trades on noise always loses money in the long-term regardless of instruments anyway. Profitable trading depends on profitable moments. Now, do profitable moments for binary-option instrument exist at all? Are they definable at all? I have my own hunch, but nevertheless I know that the contemporary binary option activities are overwhelmingly scamjobs: fake signals, fake lessons, fake strategies, fake "real account".
But Mr Puri all I Do is loose on spot trading but with Binary options I win and make money, I would prefer to spot trade as you have more odds in your favour, but I'm better at predicting the next candle stick On a 30m/H1 time frame in Binary options rather than predicting the 1:2 ratio's on a spot trade of H4 or D1 TF, Sure I loose a few Binary trades but if all in all I See more money and you your self have seen £8k I don't see anything wrong with it,
If it's working for you, keep doing it. I think it would be a good idea to also work on your spot trading strategy to see if you can become profitable with that, as it will be much more sustainable for you over the long term. But as I say to everyone - as long as something is working for you and you can specify exactly what you're doing to succeed, then carry on doing it! I hope your success continues :)
There's no regular one-to-one mentorship, due to time constraints. However, I answer every email (answering questions, providing feedback on trades etc.) and often arrange Skype calls to discuss any particular sticking points our members encounter. If you haven't already done our free mini-series, I'd definitely recommend starting off with that.
hmm what is funny amount what you say is there are people i know making bank week in week out,year in year out,most of them are on iq option leaderboard are mostly number 1 or 2,3 weekly sir
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You're a good trader Nick. Did you not know how you turned ten pounds into more than 8K? Surely you don't expect us to believe that made all that money without a strategy?
Very good advice from this man, however, i do like a flutter on the Horses, and this seems better odds. So which Binary company do I gamble with, assuming i lose, i am ok, but if i win i do want my money back.
on the flipside, if you're broke and don't have the $1000 minimum needed for conventional purchasing of stocks through a broke, but you got $100 you CAN afford to lose, learn about binary options and use a regulated broker, and try it out, but don't go over your initial $100
Ryan Mitchell realistically, can you really turn $100 to a thousand or even 600 hundred dollars in a couple months on Robin Hood, with only that initial investment?
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We wouldn't recommend any binary options companies. If you are looking for brokers for regular trading, we have a video here which should help you: ua-cam.com/video/s-iC--QXK24/v-deo.html
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They are two different things that's why Put Capital is ready to help anyone achieve their Trading dreams. They are a professional trading company that offer internship, professional guidelines and assistance and BOTS programs available for all customers under their premium trading platform Whats App + 1 9172423522
We all old traders doing trade with CFD in Forex market.But you will need at least 2 years of demo account trading,before you start with real money.Because CFD its only for know trading .
Excause me how you trade forex? 1.Use money management 2.see the market today is good or not 3.watching how the graph is go 4.use and indicator And a something more Do you know that 85% of thing that you decide to trade forex is same with when you decide to trade binary option (Hey your video is very good but i just want to tell you that all thing that we use to invest is totally same.) Sorry if i say something worst but it's true.
One big difference is that binary options are fixed odds. That means the house (broker) always has the edge. In trading it’s possible to turn the odds in your favour, which is how you as a trader have an edge rather than the ‘house’
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It's a tough call, i am about to start trading again, i have a good fulltime job but i need to get my money working for me. I have experience trading in the past, and i did quite well, i also have a minor in finance so i understand the fundementals. Looking at Binary options, the only good use for them is trying to take $100 to $10,000 for a laugh. Definitly needs a good broker to do it, not a scam broker. I think get in with a small amount, see if you can get some huge gains on it and then get out and trade properly and remember it is just gambling. If you're reading the form guide constantly, watching all the races and know the ins and outs of horse betting you can make money through betting horses. If you know about trading, but don't know shit about horses, and you still want those gambling-like returns, then maybe binary's could be for you, but god dam stay really small and know that 100% of your capital will probably go down the drain if you get stupid about it.
just block the number man. Same problem happen to me with the investing.com after i sign in with them. They want me to trade with them. when i already trading with other broker.
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I've never heard of someone becoming a millionaire from binary options. There are many millionaires from forex, equities, bonds, commodities, options trading (not binaries) etc. but the people I have seen that seem to have made life-changing money from binary options are the ones working for or with the brokers, whether that is as an affiliate or actually owning the brokerage. A lot of people don't like that I say this about binary options, so eventually you will get someone else commenting on this saying it's not true. All you have to do is ask them to prove it.
Well again your generalizing all platforms. Me personally I trade on U.S regulated platform which is an exchange not a broker, and they make their money on transaction fees which removes incentive for losing trades on behalf the of the retail trader. Plus its the only regulated options broker in the U.S. So although the trades themselves are highly leveraged it still doesn't mean that they are against you. Your risk capital is the win percentage of the trade itself. Now add stop losses and take profits with proper risk management in the equation and you get yourself an even playing field across the board. I just saw a video you just made saying "THAT TIME I LOST A MASSIVE TRADE". Losing is a part of the equation sometimes, I don't hear you bashing futures forex for that lost.
No your risk is not the win percentage of the trade itself. Are you actually calculating risk? If so, I would be very interested to see how you're doing so, because it doesn't sound like you're approaching it correctly. As for losing trades - yes that's a part of anything, the big difference is in the risk profile of the asset. In forex trading you can even lose 99% of your trades and still make money overall. Binary options force you to need a much higher success rate, which is unsustainable over the long term - because the risk/reward is against you.
Just look up n a d e x dude. I know i sound like an affiliate but I'm really not. I win 200 a day without losing my whole account on bad trades. I jump in when the charts tell me to and I get my confirmations. 2 to 3 trades a day and thats all you need. Some days the market gives you nothing. Your problem was betting the farm on every hand till you burnt out. Its called proper risk management. Again, iron condors, stop losses and take profits are your friend. Stop misleading people into believing if you cant do it no one else can. All it takes is proper discipline and homework. Surely if you don't have that youll fail in anything. If what your implying is traditional trading is easier, then say that.
I am fully aware of Nadex. And no, the problem was not 'betting the farm', I didn't do that. If you watch both videos I make it pretty clear all of my experiences with binary options, which includes seeing the back-end of one of the brokers' operations. You keep repeating the same things but clearly don't know a lot about risk or how to calculate it properly. What you call 'risk management' is just position size... there is a lot more involved in calculating the risk of an asset, instrument or trade. Tell me what you want about 'discipline' and 'homework' but until you truly understand what risk is and how you measure it, it's clear you don't fully know what you're arguing about here.
i agree with you in most of your points. I got into binary options like every new trader. brokers and affiliates fake traders make you think is easy. thanks to god i meet profitable ppl and study really hard and im making consistent 20-40 usd per day using min 2 and max 10 usd per trade. all trades from 1 to 10 min. Also agree with your opinion about brokers, they only want to lose your money, with all that bonuses.and that stuff. Also im making some money in binary for start trading forex too where you have your % at your favor as you say. Great video, regards from argentina
Thanks so much for watching and commenting. I'm glad binary options are working for you so far and I really hope it continues, but I think your future plan to start trading forex is much better for you. Good luck with it and feel free to ask any questions if you ever need any help.
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i am so glad i found you!!! i been trying to trade bo for a very long time i have watched and read and tried so many so called strategy auto traders etc and i was thinking it me? i must just not get how to trade ?the thing i was most frustrated with was lets say i put a trade on for 30 mins to go down it would hover around my strike price up and down then 30 mins would be up and it would be otm.fine i guess, that bo but like less than 5 mins later the dam thing would start to drop lol, so i go 1 hr ,i think u can see where i am going lol, so i will now put my attention to forex and start again to understand how to trade that ,so anything u can say or point me to to read or watch so i can start to use that to trade with would be great thanks
Hi Marc, first things first - by commenting on this video (and our other binary options one), you will get a lot of people commenting about how great binary options are and trying to change your mind... just ignore them and especially ignore any affiliate links to 'amazing' brokers or signal services. As for how to start or what to read - I think you're already doing the right thing by watching/reading as much as you can. We have loads of videos on this channel for free (I think nearly 200 videos now), so I would of course recommend that. However, there are plenty of other free resources online too, if you want a different view point. Once you get comfortable with the stuff we're talking about, get started on a demo account and try to follow our technical analysis videos. Then just practice, practice, practice and ask tonnes of questions.
hi, to help u understand,no point trying all kinds of strategy,stick to one. read price action n what price is telling you. stick to 2 time flame...understand what he bigger boy in higher TF is doing... practice n practice...i did ok in forex n BO, no issues.. BO based on 2 mins chart n 5 mins expiry,my winning ratio is about 62%. practice n practice ,u will progress. believe in yourself, dun believe what other say as they are only opinion about negative experience,try talking to a experience trader,u will here different opinion...cheers n good trading
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Binary optional trading!!! Invest your BTC and USD here to make an amazing profit return, It's amazing how much you can make from binary trading with the good profitable account manager. I can guarantee a 97% winning rate in trading binary options. Invest in binary option today with as low as $300 and let my mentor help you earn over $5,000 in 4 trading days(one week) With a minimum investment of $200 Invest $200 earn $3,576 Invest $300 earn $4,300 Invest $400 earn $5,500 Invest $500 earn $6,700 Invest $1000 earn $13,000 Full access to monitor your trading account. [whatsapp.. +1 (323) 388-4299 @instagram via @marymaccall
Well anyone that isnt stupid knows that the markets are like a 53 to 47ish bet, so more or less its a 50/50 situation were you get a payout of 1,8 on a 1 investment. So a smart person only takes a payout higher than 2 on a 50/50 bet with a 1 investment since that will yield a longterm profit, a 2-1 payout is a fair game and neither will have profit longterm. And stupid people go for the 80% return! But then again slap Ronaldo's face on a poker game and people will flock! A game were you disguise a 20bb cash game with 10% rake as a SnG. A not so smart guy I know once stated the most smart thing I've ever heard "yet has the last been born"!
If you look in the comments section for this video and the other video I did warning people about binary options, it's unbelievable how many people don't want to accept the facts and just prefer to leave a bit of abuse instead of having a reality check.
Funny you made a video on this, as at the start of this year i did a trail too on binary's using the same consistent strategy i traded 57 times resulting in 23 wins to 34 losses on a live account 40% win ratio doesn't cut it. Bit of a scam really, but like you said you try searching it up on youtube no ones out there teaching it or preaching it either!
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People Need the right broker, Sounds you had no discipline to manage your emotions while trading. Speak for yourself. It wasn't consistent because you guys weren't consistent.
LET´S SAY I START AN ACCOUNT ...... WITH $1,000 USD, THEN, A WEEK LATER I HAVE $5,000 USD, (USING "IQ-OPTION" OR "EXPERT-OPTION").. AND I WANT TO WITHDRAW ALL THAT MONEY,....WELL, MY QUESTIONS ARE, ¿HOW MUCH CAN I WITHDRAW?, ¿CAN ALL BE SAVED IN MY BANK ACCOUNT?, ¿HOW MUCH TIME DOES IT TAKE?, ¿DO I NECESSARILY NEED A E-WALLET?, AND ¿HOW MUCH CAN I WITHDRAW IN MY E-WALLET (OR BANK ACCOUNT)?, ......THANKS :D
Aren't you also the same person that commented the following on our other binary options video? "I am new in Binary Options I was using EmpireOptions, account manager his name is Fedrico, gave me guarantee trades and will refund me money back after loosing, I trusted them they refund me money in EmpireOption account, after few weeks I ask them for withdrawal, they told me I will get withdrawal in 5 to 7 days but actually I got in 10 days for next withdrawal I am still waiting for 15 days and every time they have different excuses. I just want to get back my investment and want to close this account, it seems they are scammer. Please research about them before investing money.."
Yes I am same person, but I want to get more information from others because my money is stuck with them, anyone who got scammed like me how he got back his money that all want to know about them.
@@mitchellnmartin6933 $10 to $8100 is 810% compared to your $250 to $3000 which is only 120%, 810% is unbelievable. If anyone can make that happen, then....quit your job and learn from that guru.. lmao
Binary Options are more safe than the traditionnal trading. i don't represente any broker of binary options. it's just that i lost money on the forex and in binary i'm making money. i don't like the way you're talking in on the video. doing more than a 55% of succesful operation with 85% profits returns is not an impossible mission.. some days i make 85%.. anyway. the money management is the key and don't try to make 20 or 30 operations per day.
Ahahahahahahahahhaha 5mins you cry.... for humanity!!!! Did you actually trade binary options? I tried it a bit but stopped after like 2 weeks and I realized the math and logic behind it weren't adding up.
I think most people eventually realise the same thing with binary options! You made a good choice :) I did trade them a few times like I mentioned in the video, but mainly to test them out and try to adapt our system to work for them.
you can make money and everyone should do it the reason why this guy lose win lose win is cuz it's the times of the day of where you are and you need to know what are doing and make sure it works the time of the day is i would say makes a 75 80% better wining R. this boy who say don't do it. no no no do it do it you can make a lot of money just make sure you use a safe P-F.
no wonder. i asked myself how i made over 16mil in 20days in a demo, but somehow loose out in a real acc. , just thought my straterg yworked well and i traded aggressively once i reached 50k. how naive i was
Much of what you say about binary is correct but you have a phrase that suits the Monkey brain when trading, they are not easy and they are extremely hard and the brokers are con men. However what you saying about the percentages is really incorrect 85% of your investment is 85% not 0.85%, the issue I see with Binary is the Brokers don't tell you everything, they tell a system which only works for half the time or less which is why you loose on binary. The brokers tell to certain things which work and you can have a return of 10K and then the market changes and if you don't change the way you trade then you will lose twice the earnings so you have to maintain the direction of the trend. The thing is the brokers do not tell to keep focus on the trend direction. Yes they are dodgy if believe the Broker you're going to loose, I think however you can beat them if you're very vigilant you have to not trade when the market is not moving they way you need it to move, if the market is flat stay away from it completely. Also Binary Brokers will try to get you make trades which are large this is a really bad Idea your trade depending on how much cash you have should not be more than $250 per trade as with the fluctuations in binary you have to enter and enter again sometimes to ensure you win and that can lead into the trades you should not be making, with regard to the broker making fluctuations in the market I am not sure how they can artificially get away with that, and its correct the longer the trade the better the chance of winning if you are on the money with the trend direction.
Hi there. I agree with most of what you say but feel you may have misunderstood me with a couple of points. You're right about it potentially being a 'monkey brain' phrase, but I'm basing it more on the dodgy stuff they do to manipulate things, which I found out first hand working closely with a binary options company. So although I don't use that as an excuse for losing trades with binary options, it's an extra negative aspect which I'm wary of. I haven't ever received any advice on trades from brokers, it's more about their infrastructure and admin. As for the 85% part. When I said 0.85 I wasn't meaning 0.85%, I meant 0.85 as a unit. As in, you're risking 1 to make 0.85. If you lose, you lose the whole amount, if you win, you make 0.85 of the amount (which is the same as 85%). In trading I would only ever take a 3:1 trade (3 reward for 1 risk) which changes the odds in the traders favour (if it's a good trade entry). The rest of what you say I agree with, especially that the longer the trade the better the chance of winning. However, I just don't see the benefit of using binary options over normal trading, since the risk:reward is never in your favour.
Yes I agree with what you're saying however I have found both Forex and Binary sales pitches to be one and the same, I am going to say this you slant on the professionalism within binary appears to be correct, but I feel in general brokers tend to look at the rest of us as fools, they also feed you from my experience tantalizing pieces of information and leave real important things out so they appear better than they really are and you think you're worse that you really are, trading is not easy, but its not as difficult as they make it out to be the biggest equation in binary is patience and not buying when there is a ranging trendline. But I find brokers in general have little to no morality with your money in binary so trade with small amounts on demo until you sort out what is what, if a broker say place thousands on a trade in binary tell them to fuck off.
Very true, most do use a similar marketing pitch these days - also because a lot of retail forex brokers are B Booking the trades and taking the other end of it, which means really they just want your deposit rather than your business. I appreciate your detailed comments, have a great week in the markets.
I see people trade binary like normal forex n did very wel..its al about money management...disaplain..patience n dont be greedy n u wil do very good at it
You are the king Nicholas! Unfortunately two days too late for me! I traded with OPTECK company. They even have abused my bank card without my authorization. Bastards!!! My recommendation to avoid them !!!!!!!!!!!
Sorry to hear that Denis. I hope you're taking legal action about them using your card without authorisation? Or at least speaking to your bank to cancel/chargeback the transactions!
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To trade binary options would be like betting on a coin flip and winning 80c if you are right and losing $1.00 if you are wrong.
What my experience on trading , I make trades in little as 1$ per trade, but I wait for the market to set on my selected type, so I win all the day. This is a good documentary but what the viewers/traders have to understand is that emotions will lead you to loosing money alot. Trust me, I lost nearly $3000 last 3 years before, but I tried to learn why i loos then I realized It's not a problem with the system it is the problem persist within our mind management and money management. If you are patience enough to wait until the market , and candles set to your win win pattern you will never loose your money. Keep calm trade low, do not dream quick for big money . Dream long term dream but reach to achieving it go slowly.
Right bro
Agreed
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man try Binagital strategy and you will change your mind hahaha
thank you very much.. i have already lost a lot of money.. wish i saw this sooner
God bless ... I can feel your pain x .. I've been too
Yep i hear you, i did the same. and stopped binary shit :) x
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Hey Nick!
As someone who trades a lot of binary options, I agree with you. I've traded everything from equities to forex to futures, and I can certainly say that binaries are definitely the hardest instrument to consistently profit with. With proper risk management it is technically doable, but it's really like nothing else; it's really it's own thing & there isn't anything else like it in trading.
And, also there are a LOT of scams out there. I only really know of two brokers that I am certain are legitimate when there are twenty or more out there. It's also gamified in a why to attract gamblers, as you've said which is a very lucrative business but it does capitalize on beginners who want fast wealth. After all, there definitely is a reason you don't see too many consistent binary traders. Good video all in all, have a nice day 🥂
i have been trading Binary for 2, 3 years now. You are 100% right, it is very difficult to get a long run win ratio is just a bit over 55%.
On top of it, because execution is so easy a lot of people or even myself very easy to over exposure capital lead to loss entire account.
It is not worth at the to risk money when loss a trade and then double the beat to recover that.
I am moving back to Traditional Option trading special lead option, and Forex trading instead. The point that use Binary Option as a hedge it a good idea where if I have a long term trade open.
Thank you so much for this movie, I will share with my friends
Thank you :)
There was a binary options advertisement before this video..
All thanks to Mrs Williams Evelyn she is a guru in binary investment I just got my second withdrawal of 7500$ with a deposit of 1500$ you can contact her on WhatsApp number +1(520)829-4231.
After 5 years of Binary Options, this is the most honest documentary I have seen on the industry. Yes, I have made money short term but overall long term, it has been a losing endeavor. Back to regular Forex for me. Many thanks for the effort and disclosure.
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It's not that you're losing long term or short term with binary options, because it's a 100% scam. What you have to understand is that there is no actual trading going on. It's all smoke and mirrors, they own the website and to them it's as easy as changing numbers and manipulating the stats. What you're looking at are actual stocks but the platform you're using to trade isn't actually real. The money that you win isn't actually money you're winning. The most you can take out is pennies compared to the amount you have in your account. And the only reason they do that is to manipulate you into believing it's a legitimate website. You try to take out $10,000 guess what happens. You get locked out of your account and they put you on a blacklist. Never to be seen or heard from again. With every single penny that you thought was yours, gone.
I landed on an advert about binary options on Facebook two days ago, very appealing if I say so myself, and frankly prayed to God for the a correct move before I could invest in it..And truly, I have received it..Thanks Nick, now I know what to do..
Thanks for watching David, good luck with whatever you decide to do.
Great insight Nicholas. And so true as well (from my personal experience with BO anyway). Thanks for your willingness to help others.
you'r totally right ! i'm in binary option for a long time studdy it
very deep and yet always lost at the end, lately i tried alpari and
although they'r regulated i could't believe my eyes 2 times when the
candle was very large at my favor and they used manual control brought
it fast in the opposite direction and when it reached my spot became
slow kept going few more pips took my money and boom straight up to its
natural place ! now you all thinking wow he is so stupid things like
this happening all the time.. let me tell you it was happening in a very
weird way and i have much experience at this area and most important
thing i always trade one broker but same time have another broker chart
in front of me.. and i saw how they still my money while in the chart of
the second broker the candle kept going my favor! and im talking about
a large candle you cant find any reason for it.. binary option they are
all thieves ! dont even try it ! they will pull you in so hard so deep
you wont know what hit you !
Thanks for sharing your experience!
BO are all scam!!!
Really cool and much needed video, thank you for doing this. Hugs x
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Binary option for the smart people 😌
Are you still doing it?
@@ritishkumar4409 no it's a scam
I started to get an interest in trading in binary option. Your revelation open my eyes, much better to return in forex trading. Thank you very much and i will share your video what ever I can.
Great Production and I appreciate your effort in 'blowing the lid off' Binary Options! One to certainly avoid...
Cheers Taran. Definitely one to avoid!
Thank you for your honest opinion on binary options I was looking to get into the market but not now lol I am going to try the stock market instead . Please keep posting reviews it's very much needed.
Great video, thank you very much, I was starting to get interested in them!! You have probably saved me a lot of money by turning me right off the idea! Thanks again.
Glad it has helped you to make an informed decision! I'm sure you'll find a different form of trading/investing that will work well for you.
When he said " I will NEVER recommend binary options to anyone ,being a professional trader for over 10 years" it really hit home. I regret all the time i have wasted learning BO. Rn i could be a somewhat decent forex trader in the last 2 years. Thanks a dozen tonnes man. Thank you for showing the light
This is not the case if you are consistent and have momeymanagement you can grow your account over time just like traditional cfd trading...
Yeah. He is bias. I trade binary option with candlestick price action. Why do you call is gambling? With money management and discipline you can make money
I’m just getting involved with binary is this valid or is this bullshit?
I just started using an app on my phone out of curiosity, I think I will concentrate on learning the basics of FX with a practice account instead, At least the experience I build up there will be worth something in the long run. Thanks for the video.
All experience is good experience, as long as it doesn't cost you money in the process!
Thank you, Nicholas, for sharing this fact. I also got into this three year back and continued for nearly a year learning it. I lost a few hundred dollars and finally, I realized that it was not a true thing.
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Excellent Video Nicholas and some great messages about trading with an edge...Cheers.
Glad you liked it. Thanks for watching!
IT INSPIRED ME A LOT BUT WHAT IS THE KEY OR STRATEGY WHICH CAN MAKE NEWBIES AT FAR LONG I KNOW ITS QUIT TRICKEY BUT I WILL TRY TO LEARN FROM YOUR VIDEOS IL I PROMISE ILL DEDICATE IT AND REPLY YOU SOON WITH FEELINGS, AN AWESOME DOCUMENTRY LOTS OF LOVE FROM INDIA
What a great explanation, makes so much sense and truly helpful for beginners. Luckily the skeptic in me has feared binary options enough to avoid taking the plunge and some of the brokers are utter low-lifes. Just need to save up and I'm very interested in learning more from you guys at Duomo. Thanks Nic.
Thanks buddy. Glad I was able to steer you in the right direction. Look forward to hopefully welcoming you on board, in the meantime feel free to take full advantage of all our free stuff, there should be plenty for you to get started with your learning.
very good nick, i was involved in these about two years ago, very quickly realized there was something wrong with them but not before i lost a little money then by chance i came across the duomo initiative and have really enjoyed the content ever since. keep up the good work by the far the best company i have ever dealt with and is most appreciated.
Thanks Callum, really appreciate your comment!
"How the hell do I trade binary options?" I dont know why but I can't stop laughing😂 😂 😂 😂
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Freaken Scams, Hello James Gregg
There are binary options seems to be honest that I always keep loosing in demo account.They give me a reason not to make real account.
The key to success on trading binary option is a reliable trade analyst. select a reliable one to ensure you get a fair playing ground.
@@agarbeyda8843 yep. Ive seen a lot of people lose money in binaries but ive also seen alot of gain in it aswell
How about Now, allot has changed since then i'm sure, whats your opinion?
My opinion is the same. Binary options should be avoided. Fortunately, regulators around the world are starting to share that opinion.
- Nicholas
I'm interested in trading
So which forex platform do you reccommend then? I've downloaded binary playng with a practice account, I've done really well, but your advise seems sound. so I want to learn to trade, which platforms best?
While you're learning you should use a demo account. Go for an FCA regulated broker that offers you a free charting package like MT4/MT5. This video (and comments section) should help you: ua-cam.com/video/s-iC--QXK24/v-deo.html
Thor Trader7 seconds agoYou are 99% correct except for 1 and that is NADEX. They are an exchange not a broker. That means you are trading against other traders and independent market makers not the house. They are regulated in the US, the strongest regulations in the world. You can deposit or withdraw money in 1 day w/ a debit card of 3 days by wire transfer (I have done both). Weather you make or lose money depends solely on your trading skills. I have been trading there for 3 years and yes I have losing days and occasionally a losing week but in the long run I always make money. They charge a very low commission $1.00 each way not the 80% rip off. Also you can set the risk/reward by selection a strike for example if you want a 1/3 ration you would buy or sell a strike trading at about $33.00. A 1/1 trade would be a strike trading at $50.00 or an in the money trade would be at $75 to win $100.
Good video! Thanks for the advice :)
BO is literally HIGH-LOW dice betting
the ONLY way to really profit on that, is if you had like a millionaire account and exploited 2.50x martingale with $1
most casinos have a limit on how much you can gamble on HIGH-LOW because of that
in binary options it also applies, at least for IQ options, the limit is $20.000, they are aware that with unlimited martingale, millionaire people could exploit their system with $1 martingale bots
No, the maximum bet limit at IQ Option is in fact collective $8000. "collective" = not individual = total of all participants not just one participant = If only (for example) $400 / $1000 / $2000 is available, then you have only $400 / $1000 / $2000 maximum bet. I can say this because I have done big money betting at IQ Option. (Yes, it was not my wisest moment in life .. )
Yes, without min/max bet limits any betting game is potentially beatable with martingale. But then it is not impossible for 16 / 18 / 20 consecutive same-color / alternating-color candles to appear anyway. Betting $3,000+ after 10/ 11 / 12 consecutive losses? That is unwise. Anyone would go broke before he ever hits any maximum bet limit.
The real question really should be about the legitimacy of binary-option instrument. Whoever trades on noise always loses money in the long-term regardless of instruments anyway. Profitable trading depends on profitable moments. Now, do profitable moments for binary-option instrument exist at all? Are they definable at all? I have my own hunch, but nevertheless I know that the contemporary binary option activities are overwhelmingly scamjobs: fake signals, fake lessons, fake strategies, fake "real account".
But Mr Puri all I Do is loose on spot trading but with Binary options I win and make money, I would prefer to spot trade as you have more odds in your favour, but I'm better at predicting the next candle stick On a 30m/H1 time frame in Binary options rather than predicting the 1:2 ratio's on a spot trade of H4 or D1 TF,
Sure I loose a few Binary trades but if all in all I See more money and you your self have seen £8k I don't see anything wrong with it,
If it's working for you, keep doing it. I think it would be a good idea to also work on your spot trading strategy to see if you can become profitable with that, as it will be much more sustainable for you over the long term. But as I say to everyone - as long as something is working for you and you can specify exactly what you're doing to succeed, then carry on doing it! I hope your success continues :)
The Duomo Initiative - Learn to Trade thanks Nick I will be joining your course in the next few months does it come with a mentoring ship?
There's no regular one-to-one mentorship, due to time constraints. However, I answer every email (answering questions, providing feedback on trades etc.) and often arrange Skype calls to discuss any particular sticking points our members encounter. If you haven't already done our free mini-series, I'd definitely recommend starting off with that.
hmm what is funny amount what you say is there are people i know making bank week in week out,year in year out,most of them are on iq option leaderboard are mostly number 1 or 2,3 weekly sir
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Let's bee friends
Thank you for the information but what option can you recommend for a beginner?
Stock market for beginers
You can contact a professional to guide you
He is on WhatsApp
+13163337589
You're a good trader Nick. Did you not know how you turned ten pounds into more than 8K? Surely you don't expect us to believe that made all that money without a strategy?
Am a victim of binary options but I moved on
Very good advice from this man, however, i do like a flutter on the Horses, and this seems better odds. So which Binary company do I gamble with, assuming i lose, i am ok, but if i win i do want my money back.
on the flipside, if you're broke and don't have the $1000 minimum needed for conventional purchasing of stocks through a broke, but you got $100 you CAN afford to lose, learn about binary options and use a regulated broker, and try it out, but don't go over your initial $100
Ryan Mitchell realistically, can you really turn $100 to a thousand or even 600 hundred dollars in a couple months on Robin Hood, with only that initial investment?
@@mmccreations7710you can
Do you have any reviews on the Nadex platform?
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Thanks for the info!! Because I saw people comment about binary on Instagram and it seems so real!
Thanks for the video. Can you plz suggest about IQ Option because it has the option of digital as well as binary?
We wouldn't recommend any binary options companies. If you are looking for brokers for regular trading, we have a video here which should help you: ua-cam.com/video/s-iC--QXK24/v-deo.html
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Don"t use any binary option ,not regulated ,no enter Forex market,all are scams.
What about CFD trading I'm new to this so I hope this is not a stupid question...is cfd trading the same as binary options
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We all old traders doing trade with CFD in Forex market.But you will need at least 2 years of demo account trading,before you start with real money.Because CFD its only for know trading .
Duomo technical or fundamental analysis.
Excause me how you trade forex?
1.Use money management
2.see the market today is good or not
3.watching how the graph is go
4.use and indicator
And a something more
Do you know that 85% of thing that you decide to trade forex is same with when you decide to trade binary option
(Hey your video is very good but i just want to tell you that all thing that we use to invest is totally same.) Sorry if i say something worst but it's true.
One big difference is that binary options are fixed odds. That means the house (broker) always has the edge. In trading it’s possible to turn the odds in your favour, which is how you as a trader have an edge rather than the ‘house’
@@Duomoinitiative thanks for answer me i understand t a lot what you are want to tell me.😄😄😄
How are you risking one to make 3 in forex?
Using stops
thank you, I like it
Plz sir i want an answer to my question.is iq opption a Scam?
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It's a tough call, i am about to start trading again, i have a good fulltime job but i need to get my money working for me. I have experience trading in the past, and i did quite well, i also have a minor in finance so i understand the fundementals. Looking at Binary options, the only good use for them is trying to take $100 to $10,000 for a laugh. Definitly needs a good broker to do it, not a scam broker.
I think get in with a small amount, see if you can get some huge gains on it and then get out and trade properly and remember it is just gambling. If you're reading the form guide constantly, watching all the races and know the ins and outs of horse betting you can make money through betting horses. If you know about trading, but don't know shit about horses, and you still want those gambling-like returns, then maybe binary's could be for you, but god dam stay really small and know that 100% of your capital will probably go down the drain if you get stupid about it.
You can contact a professional trader to guide you
He is on WhatsApp
13163337589
awesome vid--thanks for the education on this investment " scam" option to stay away from.
I opened an account with IQ Option. I was assigned an account manager - she calls me every day 😢😢
Maybe she wants a date!
LOL , I had a similar experience too ... I have a few brokers .. they always kinda chat me up and flirt with me over the phone ...kinda weird .
just block the number man. Same problem happen to me with the investing.com after i sign in with them. They want me to trade with them. when i already trading with other broker.
tq for the video. ☺ im still in the learning curve
Feels like going into forex already with your video..
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Is olymp trade same?
You're just inexperienced with binaries. Study the right way...with the right people. Nadex should be your only option....😉
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im new .. and am thankful for these videos!!
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how do people become millionaires doing this?? are they just extremely lucky??
I've never heard of someone becoming a millionaire from binary options. There are many millionaires from forex, equities, bonds, commodities, options trading (not binaries) etc. but the people I have seen that seem to have made life-changing money from binary options are the ones working for or with the brokers, whether that is as an affiliate or actually owning the brokerage.
A lot of people don't like that I say this about binary options, so eventually you will get someone else commenting on this saying it's not true. All you have to do is ask them to prove it.
Well again your generalizing all platforms. Me personally I trade on U.S regulated platform which is an exchange not a broker, and they make their money on transaction fees which removes incentive for losing trades on behalf the of the retail trader. Plus its the only regulated options broker in the U.S. So although the trades themselves are highly leveraged it still doesn't mean that they are against you. Your risk capital is the win percentage of the trade itself. Now add stop losses and take profits with proper risk management in the equation and you get yourself an even playing field across the board. I just saw a video you just made saying "THAT TIME I LOST A MASSIVE TRADE". Losing is a part of the equation sometimes, I don't hear you bashing futures forex for that lost.
No your risk is not the win percentage of the trade itself. Are you actually calculating risk? If so, I would be very interested to see how you're doing so, because it doesn't sound like you're approaching it correctly.
As for losing trades - yes that's a part of anything, the big difference is in the risk profile of the asset. In forex trading you can even lose 99% of your trades and still make money overall. Binary options force you to need a much higher success rate, which is unsustainable over the long term - because the risk/reward is against you.
Just look up n a d e x dude. I know i sound like an affiliate but I'm really not. I win 200 a day without losing my whole account on bad trades. I jump in when the charts tell me to and I get my confirmations. 2 to 3 trades a day and thats all you need. Some days the market gives you nothing. Your problem was betting the farm on every hand till you burnt out. Its called proper risk management. Again, iron condors, stop losses and take profits are your friend. Stop misleading people into believing if you cant do it no one else can. All it takes is proper discipline and homework. Surely if you don't have that youll fail in anything. If what your implying is traditional trading is easier, then say that.
I am fully aware of Nadex. And no, the problem was not 'betting the farm', I didn't do that. If you watch both videos I make it pretty clear all of my experiences with binary options, which includes seeing the back-end of one of the brokers' operations. You keep repeating the same things but clearly don't know a lot about risk or how to calculate it properly. What you call 'risk management' is just position size... there is a lot more involved in calculating the risk of an asset, instrument or trade. Tell me what you want about 'discipline' and 'homework' but until you truly understand what risk is and how you measure it, it's clear you don't fully know what you're arguing about here.
why the music duomo
so true,thanks so much
i agree with you in most of your points. I got into binary options like every new trader. brokers and affiliates fake traders make you think is easy. thanks to god i meet profitable ppl and study really hard and im making consistent 20-40 usd per day using min 2 and max 10 usd per trade. all trades from 1 to 10 min. Also agree with your opinion about brokers, they only want to lose your money, with all that bonuses.and that stuff. Also im making some money in binary for start trading forex too where you have your % at your favor as you say. Great video, regards from argentina
Thanks so much for watching and commenting. I'm glad binary options are working for you so far and I really hope it continues, but I think your future plan to start trading forex is much better for you. Good luck with it and feel free to ask any questions if you ever need any help.
KiLLeRArGMaUri Which broker/platform do you use?
You win trade u will get more if loss loss money
Money management and emotions matters
Thanks a lot for such a revealing video.
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How do i trade in Forex please?
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i am so glad i found you!!! i been trying to trade bo for a very long time i have watched and read and tried so many so called strategy auto traders etc and i was thinking it me? i must just not get how to trade ?the thing i was most frustrated with was lets say i put a trade on for 30 mins to go down it would hover around my strike price up and down then 30 mins would be up and it would be otm.fine i guess, that bo but like less than 5 mins later the dam thing would start to drop lol, so i go 1 hr ,i think u can see where i am going lol, so i will now put my attention to forex and start again to understand how to trade that ,so anything u can say or point me to to read or watch so i can start to use that to trade with would be great thanks
Hi Marc, first things first - by commenting on this video (and our other binary options one), you will get a lot of people commenting about how great binary options are and trying to change your mind... just ignore them and especially ignore any affiliate links to 'amazing' brokers or signal services.
As for how to start or what to read - I think you're already doing the right thing by watching/reading as much as you can. We have loads of videos on this channel for free (I think nearly 200 videos now), so I would of course recommend that. However, there are plenty of other free resources online too, if you want a different view point.
Once you get comfortable with the stuff we're talking about, get started on a demo account and try to follow our technical analysis videos. Then just practice, practice, practice and ask tonnes of questions.
thanks i will cheers
hi, to help u understand,no point trying all kinds of strategy,stick to one. read price action n what price is telling you. stick to 2 time flame...understand what he bigger boy in higher TF is doing... practice n practice...i did ok in forex n BO, no issues.. BO based on 2 mins chart n 5 mins expiry,my winning ratio is about 62%.
practice n practice ,u will progress. believe in yourself, dun believe what other say as they are only opinion about negative experience,try talking to a experience trader,u will here different opinion...cheers n good trading
Thanks for saving me before i did something stupid with my money
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@@jamesgregg5146 stfu idiot scammer
Can you turn the drama music OFF...That music is like a bad dream/nightmare at the same time!
Avoid OTC, its hell
and don't forget to consult your local fortune teller and buy binary rabbit paw!
thanks man... you just saved my cash. what a tragedy it would have been
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Well anyone that isnt stupid knows that the markets are like a 53 to 47ish bet, so more or less its a 50/50 situation were you get a payout of 1,8 on a 1 investment. So a smart person only takes a payout higher than 2 on a 50/50 bet with a 1 investment since that will yield a longterm profit, a 2-1 payout is a fair game and neither will have profit longterm. And stupid people go for the 80% return!
But then again slap Ronaldo's face on a poker game and people will flock! A game were you disguise a 20bb cash game with 10% rake as a SnG. A not so smart guy I know once stated the most smart thing I've ever heard "yet has the last been born"!
If you look in the comments section for this video and the other video I did warning people about binary options, it's unbelievable how many people don't want to accept the facts and just prefer to leave a bit of abuse instead of having a reality check.
Funny you made a video on this, as at the start of this year i did a trail too on binary's using the same consistent strategy i traded 57 times resulting in 23 wins to 34 losses on a live account 40% win ratio doesn't cut it. Bit of a scam really, but like you said you try searching it up on youtube no ones out there teaching it or preaching it either!
Everyone seems to have had a trial with them, and always a bad experience! I think that says it all. Thanks for commenting Scott.
Good stuff......👌
Cheers John!
So are you saying that the brokers are able to manipulate the market to make you lose or win whenever they want to.
Hahaha thank you for help us with this topic!
You're welcome! Thanks for watching.
thanks bro dis da whole dem truth
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Hi grayson dolan
People Need the right broker, Sounds you had no discipline to manage your emotions while trading. Speak for yourself. It wasn't consistent because you guys weren't consistent.
LET´S SAY I START AN ACCOUNT ...... WITH $1,000 USD, THEN, A WEEK LATER I HAVE $5,000 USD, (USING "IQ-OPTION" OR "EXPERT-OPTION").. AND I WANT TO WITHDRAW ALL THAT MONEY,....WELL, MY QUESTIONS ARE, ¿HOW MUCH CAN I WITHDRAW?, ¿CAN ALL BE SAVED IN MY BANK ACCOUNT?, ¿HOW MUCH TIME DOES IT TAKE?, ¿DO I NECESSARILY NEED A E-WALLET?, AND ¿HOW MUCH CAN I WITHDRAW IN MY E-WALLET (OR BANK ACCOUNT)?, ......THANKS :D
Like your video 👍👍
Have you tried using tboa strategy??
Anyone using EmpireOptions? I am interested to trades with them..
Aren't you also the same person that commented the following on our other binary options video?
"I am new in Binary Options I was using EmpireOptions, account manager his name is Fedrico, gave me guarantee trades and will refund me money back after loosing, I trusted them they refund me money in EmpireOption account, after few weeks I ask them for withdrawal, they told me I will get withdrawal in 5 to 7 days but actually I got in 10 days for next withdrawal I am still waiting for 15 days and every time they have different excuses. I just want to get back my investment and want to close this account, it seems they are scammer. Please research about them before investing money.."
Yes I am same person, but I want to get more information from others because my money is stuck with them, anyone who got scammed like me how he got back his money that all want to know about them.
BRUH $10 TO $8100 wtf that has to be a lie
hello i was able to make $3000 from $250
@@mitchellnmartin6933 $10 to $8100 is 810% compared to your $250 to $3000 which is only 120%, 810% is unbelievable. If anyone can make that happen, then....quit your job and learn from that guru.. lmao
how do you not have more subscribers?
As long as our current subscribers enjoy and learn from our content, that's all that matters :) but thanks!
because he doesnt have a verified track record
Binary Options are more safe than the traditionnal trading. i don't represente any broker of binary options. it's just that i lost money on the forex and in binary i'm making money. i don't like the way you're talking in on the video. doing more than a 55% of succesful operation with 85% profits returns is not an impossible mission.. some days i make 85%.. anyway. the money management is the key and don't try to make 20 or 30 operations per day.
Abdelkader Benatmane You're an idiot.
cgasucks why ? cuz i'm making money with binary options ?
Indonesia most populer binary option and this now in my country is ilegal
that intro was too deep
Ahahahahahahahahhaha 5mins you cry.... for humanity!!!! Did you actually trade binary options? I tried it a bit but stopped after like 2 weeks and I realized the math and logic behind it weren't adding up.
I think most people eventually realise the same thing with binary options! You made a good choice :) I did trade them a few times like I mentioned in the video, but mainly to test them out and try to adapt our system to work for them.
The Duomo Initiative - Learn to Trade Oh okay I see it was difficult to tell with the satire. Ahahahaha
you can make money and everyone should do it the reason why this guy lose win lose win is cuz it's the times of the day of where you are and you need to know what are doing and make sure it works the time of the day is i would say makes a 75 80% better wining R. this boy who say don't do it. no no no do it do it you can make a lot of money just make sure you use a safe P-F.
no wonder. i asked myself how i made over 16mil in 20days in a demo, but somehow loose out in a real acc. , just thought my straterg yworked well and i traded aggressively once i reached 50k. how naive i was
Much of what you say about binary is correct but you have a phrase that suits the Monkey brain when trading, they are not easy and they are extremely hard and the brokers are con men. However what you saying about the percentages is really incorrect 85% of your investment is 85% not 0.85%, the issue I see with Binary is the Brokers don't tell you everything, they tell a system which only works for half the time or less which is why you loose on binary. The brokers tell to certain things which work and you can have a return of 10K and then the market changes and if you don't change the way you trade then you will lose twice the earnings so you have to maintain the direction of the trend. The thing is the brokers do not tell to keep focus on the trend direction. Yes they are dodgy if believe the Broker you're going to loose, I think however you can beat them if you're very vigilant you have to not trade when the market is not moving they way you need it to move, if the market is flat stay away from it completely. Also Binary Brokers will try to get you make trades which are large this is a really bad Idea your trade depending on how much cash you have should not be more than $250 per trade as with the fluctuations in binary you have to enter and enter again sometimes to ensure you win and that can lead into the trades you should not be making, with regard to the broker making fluctuations in the market I am not sure how they can artificially get away with that, and its correct the longer the trade the better the chance of winning if you are on the money with the trend direction.
Hi there. I agree with most of what you say but feel you may have misunderstood me with a couple of points. You're right about it potentially being a 'monkey brain' phrase, but I'm basing it more on the dodgy stuff they do to manipulate things, which I found out first hand working closely with a binary options company. So although I don't use that as an excuse for losing trades with binary options, it's an extra negative aspect which I'm wary of. I haven't ever received any advice on trades from brokers, it's more about their infrastructure and admin.
As for the 85% part. When I said 0.85 I wasn't meaning 0.85%, I meant 0.85 as a unit. As in, you're risking 1 to make 0.85. If you lose, you lose the whole amount, if you win, you make 0.85 of the amount (which is the same as 85%). In trading I would only ever take a 3:1 trade (3 reward for 1 risk) which changes the odds in the traders favour (if it's a good trade entry).
The rest of what you say I agree with, especially that the longer the trade the better the chance of winning. However, I just don't see the benefit of using binary options over normal trading, since the risk:reward is never in your favour.
Yes I agree with what you're saying however I have found both Forex and Binary sales pitches to be one and the same, I am going to say this you slant on the professionalism within binary appears to be correct, but I feel in general brokers tend to look at the rest of us as fools, they also feed you from my experience tantalizing pieces of information and leave real important things out so they appear better than they really are and you think you're worse that you really are, trading is not easy, but its not as difficult as they make it out to be the biggest equation in binary is patience and not buying when there is a ranging trendline. But I find brokers in general have little to no morality with your money in binary so trade with small amounts on demo until you sort out what is what, if a broker say place thousands on a trade in binary tell them to fuck off.
Very true, most do use a similar marketing pitch these days - also because a lot of retail forex brokers are B Booking the trades and taking the other end of it, which means really they just want your deposit rather than your business. I appreciate your detailed comments, have a great week in the markets.
The Duomo Initiative - Learn to Trade
NADEX? dEMO VS Real
All of this is true. I went through all this S#%^
I see people trade binary like normal forex n did very wel..its al about money management...disaplain..patience n dont be greedy n u wil do very good at it
JUST FIND A BETTER STRATEGY AND YOU WILL LOVE BINARY OPTIONS
Can you show me a strategy
Thank you for the video! Being an Indian and due to lack of English language knowledge although I am unable to get the information properly.
Hi, sahi Kaha video me
I can feel that emotional of how ruthless of those scammers treat other fellow humanity ... yes, ..unbelievable !
binary.com scammers lost lot money cant withdraw they freeze my account
You can contact a professional to help you recover your loss
Contact him directly on whatsapp
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You are the king Nicholas!
Unfortunately two days too late for me!
I traded with OPTECK company. They even have abused my bank card without my authorization.
Bastards!!!
My recommendation to avoid them !!!!!!!!!!!
Sorry to hear that Denis. I hope you're taking legal action about them using your card without authorisation? Or at least speaking to your bank to cancel/chargeback the transactions!
I already did.
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Loved your insight hood work please send me your email i like to share few strategies with you.
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