I think I have been attracted to Binary Options a few times by scammers and I have lost 100% of what I put in = I look at it like a small risk for education as I did not know if it was real or scam.
Push Button Profits sounds great doesn't it
Is there really safe places for our money in binary? Where we can withdraw in a reasonable time - who is using any of the 10 best ???
Are there more scammers in Binary then Forex?
Am I wrong to think I am attracted to binary because you pick a time limit - hit the PUT/CALL button and walk away. WHereas Forex you need to plan Stop Loss and Take profit choices which makes it more time consuming??
Am I right to think the downside to Binary is that when you win, you can't reap a big run like in stock forex - so it's quicker and overall less risky but profits are capped. Is this a better balance than Forex trading??
Comments
I think because people see BO as "easier" to trade and the lower amount required for trading them.
I take it that you trade both Forex and Binary Okane? Which do you do better at?
Anyway, regardless of what broker you ever deposit with, don't listen to account managers. Start doing your own learning, educate yourself first.
You seem to be too new for opening accounts at this point. Go to our main page start reading some guides!
Its my first post here hehe, nice to meet everyone...
I do not have much experience in trading, but I like to gamble and binaries are ideal for it, especially when you don't want to go into education to much. So, I take Forex for a place for professionals mostly, while here I can enjoy myself without any problems, except for losses maybe, but that's ok too.
Yes the forum has lots of problem with spammers.
Sometimes 10 people promoting the same scam posting 100s of garbage here.
The people behind these fake email addresses are normally affiliates or the account manager himself at a binary options broker that is normally a scam. They will ask you to upgrade your account to a so called 'Admin' account which comes with special 'profit margins' and allows you to out-earn other traders. None of this is ever true and results in total account destruction over time. We will be adding this to the Binary Options Scam Template and doing a new video updating the 'scam tactics' used in the industry.
There are also a range of 'Wealth Recovery' businesses cropping up in both the U.S and Israel, promising to help you recover lost funds.Some of them belong to the binary broker itself, so you get scammed at the broker and then scammed harder by its 'recovery wing'. Be very careful of those.
Team BSB
Hence, first things first; Hello to everybody.
Hm, @paveljablon perhaps hit the nail. Myself, I got "interested" into BO trading just about 2 weeks ago. Thus, you really can refer to me as a freshman in this field.
Having said that, the intro came via a scam advert in my inbox. For me, and "push button get rich system" is, without even further considering, a waste of time. I say, you can create a trillion machines, no matter how crafty your algorithm system, you will never replace a human brain. Full stop. Anything that is Not in my control, is in someone else's control and while this is good for many things, trading My Money? Absolutely Zero! It smells too much after scam and I Don't need to find out that I am right. Sorry for my arrogance in this matter.
So - I looked for options.
Sitting in Australia, I currently eat, breath and sleep "HighLow.net". Still testing. Not the best, but I learn and - more important and as @paveljablon perfectly interpreted, it allows me to build my own strategy.
As fad as I am concerned, only little less than 2 weeks into, BO trading is like food. someone likes it fresh, another cooked, salty, spicy, blunt, ... you name it. But you need to find Your taste. Then keep on tasting and find your best suitable accompaniments (your strategy) for it and slowly get into - Yourself. Keep control. There is no shortcut to get rich quick through using a machine.
Always remember, machines only do what You want them to do! And I have neither knowledge nor control over the intentions of a machine master!
Lol.
This is purely My interpretation. You need to find your own. But it may help the one or another.
Best of luck to all traders!
Bitwell