Help

rooster

So, having spent the past 5 weeks learning about binary options, including various strategies and signals I'm almost ready to start trading a practice account. The problem is I don't have money to burn and am trying to avoid getting ripped off! I no sooner decide on a broker do a bit of research and find some one has had a bad experience of not paying out, being slow or crashing when they would have been in the money to find when the site gets back up and running they lost. I have £100 for the pot and just want to make sure I'm signing up with the right broker. I was going to go with IQoption until i read a few dodgy posts on them yesterday. I'm now looking at markets world, (although I've also read a few dodgy comments about them) or Ayrex. (Why does every other web site offer a different view on the top brokers) All of these brokers have a low deposit which i will need to take of advantage of to get going. I'm looking for all the help and advice i can get. I've signed up to MT4 for my charts and am looking to use S/R lines along with Fibonacci, Stochastics , MACD and probably Bollinger bands. I plan on only ever using a max of 5% of my account. I've read that i should be practising for a few months before going with a real money account. Is this the case? Any feedback would be welcome, cheers

lotzofbotz

Brokers are very tricky I agree. Markets World only drawback are the average payout of very low 70% levels and the limited number of trading pairs. They can advertise all they want anything else but 70% is the true average payout. With them once you verify your account I have never heard of any issues with them not paying or playing games like a stockpair or just about every spotoption based broker. So they are the safest bet for somebody starting out imo. The more you practice the better off you are.

rooster

Thank you lotz. So many conflicting stories on binary options from different sites I've wondered if the whole thing is a scam. Been back and forward a few times. Then I read posts from people like yourself and I reckon some of you are for real. I can't stand to be a part of the human farm industry any more, there has to be way and I'd like this to be it.

Raiden

You posted so much - I'm gonna do it your style - Thank you "Copy & Paste". Spam post above. Experience taught me following a Joker like you above (my dear "friend" jamesscott) will result in the follower NOT MAKING MONEY.

rooster

This doesn't make any sense to me Raiden. Can you explain?

Raiden

rooster - you missed all the fun. There was a spam post in between our posts. It has been deleted by a moderator. That's why it does not make sense.

rooster

I'll thank you for inadvertently saving me from their bs Raiden So have you turned things around since you stopped following that joker ?

lotzofbotz

The Joker was a Nigerian Spammer that I removed which I do several times a week the same MO "I told myself if I ever made it in binary options I would help other please contact me at whitepeopleinnigera@princeofnigeria.com" LoL anyway they are gone if you see the same type of posts anywhere around feel free to let me know, thanks!

Raiden

As always Lotz to the rescue. LOL.

rooster - No Problem buddy. To answer your question......no not this Joker specifically. I learned the hard way. Trading following signals, autotraders or "gurus" results in you losing money, not making it as all these services or people promise/guarantee. But all credit to binaryoptions.net - due to this website and its forum I have learned to differentiate what is good and what is BS.

dear123

I guess following signals and dreaming money with auto traders are a bunch of crap, they are usually meant to double our troubles as most of them are usually designed to back fire in the middle. While as for binary option brokers, i think Optiontrade, IQoption, Cherrytrade etc are some decent brokers to consider while choosing a broker.

rooster

Thanks for getting back to me Lotz, Raiden, dear123. It's appreciated. hit a bit of a brick wall thinking i was ready for a practice account then realized after checking things out that I was no where near it. Been keeping my head down and learning some new stuff from BSB on signal hive. I have definitely had a breakthrough and will be looking to put some strategies in place over the next couple of weeks. I think i'm getting with the idea that the only way to learn this is to keep your head down and do it yourself. Accepting that i won't be making a profit over night was a pisser but he'ho' To be honest, I'm cool with that but I so just want to prove to myself that this can/will work for me. So, on that note, i wish good fortune to you all. Cheers