Do You or Have You Ever Traded Binary Options?

Trading binary options has been growing in popularity since 2008. Binary options are considered to be one of simplest trading products available to traders, since the trader knows their exact risk/reward when entering the trade and they can essentially place trades with little-to-no knowledge of the stock market.

We wanted to take a quick poll to see how many of our readers trade binary options, so....

Do you trade binary options and if so, did you make money?

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Please take a moment to place your vote and leave a comment on the subject if you like.

Every Success,
The Team

16 thoughts on “Do You or Have You Ever Traded Binary Options?

  1. Binary choices with reference to mercantilism square measure mercantilism contracts that square measure dependant on whether or not the elemental plus decreases or will increase in price, and therefore the investor's prediction of those movements. Binary choices are around for several years, however are receiving the eye they be over the previous few years. within the past, investors avoided choices, terming them refined and so too troublesome to understand.

  2. I have a decent amount of experience with binary option trading. It's definitely not a scam by any means. I think the key is to use only binary option brokers that are regulated by an authority such as CySEC. Basically, option trading works by making market predictions such as whether the price of gold will increase or decrease. Each option has a set expiry time, and you either earn money (75-85%) if your market prediction came true, and lose 100% if the prediction is never realized.

  3. Binary options trading is pure gambling. You are betting on the movement of a stock within a very short time period. The market makers on Wall Street can manipulate the share price easily so binary options are a scam to make wall street richer. I would stay away from binary options unless you don't mind getting robbed.

    1. I would only trust official US licensed ones. The only ones I know of are "How We Trade" and "Nadex". Don't trust ones located in placed like Cyprus or Malta. Those are the true scams.

  4. I think it is mostly a scam or gambling at best. Especially those that give you signals to take to make trades. They work for the first few times then always go against you after you start to trust and increase the size of your trades. You lose it very fast.

  5. I trade Binary Options, Seems I make money then they turn around and claw it all back. I am beging to think that the cards are stacked against you

  6. I would like to learn about binary options I have been approached by some off shore sites about this but I'm not interested in giving off shore people my acct.numbers I belong to scotttrade and would like to trade thru them any help or some schooling on them would be nice thanks mike

    1. Pure SCAM! Do not under any circumstances open an off shore account. I did with one broker and could not get my money back when I wanted to make a withdrawal. Had to go thru many loops and even finally report them to VISA to get a charge back on my Visa card. It was pure hell dealing with them. These brokers are not regulated by any recognized body. What does that tell you?

      Anyways, that has been my experience with binary options trading. I was hooked in by their sales pitch about how some were easily making thousands a day. Sounded too good to be true and it was. Pure SCAM. Stay away.

    1. Hi, I also trade binary. I am still a novice. Started small and paid some school fees. The one thing you must make sure is that the platform is registered.See SYSEC. Yes, it does feel like gambling, untill you start understanding the technical analises. Almost like forex.I made the mistake to force the trades. When the market (annalyses) did not confirm the trade, I still went on and traded and ended out of the money.
      Remember not to force your hand and if the day starts off bad, shut down the trading for the day. It is when you keep on trying that you loose. Accept that the market is not right for that day.
      I once said to my wife trading binary is like fishing. You have to be patient. The fish will bite at their time.

  7. Whenever you do a poll there are overlapping and/or excluded possibilities in the poll choices. This makes the poll confusing for participants, and the results are meaningless.

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