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Binary Options Trading
- Thread starter WAslayer
- Start date
Please dont...
You will have better luck in a Casino, or if you encounter a mugger in the street. The first rule in any trading is never invest any money that you cannot afford to lose.
Most BO brokers are unregulated, and will go out of their way to get as much money out of you as possible....and then keep it.
My personal experience is in FX trading/Stock Indices. I tried to venture into BO's and I tried a demo account with a broker and found I was making a lot of "returns" as the targets were easily achievable. When I decided to use real money on a real account, the Targets were so far out of my reach, that I realised that I was not going to be very successful.
Long story short, don't believe the Hype with BO...the house always wins
You will have better luck in a Casino, or if you encounter a mugger in the street. The first rule in any trading is never invest any money that you cannot afford to lose.
Most BO brokers are unregulated, and will go out of their way to get as much money out of you as possible....and then keep it.
My personal experience is in FX trading/Stock Indices. I tried to venture into BO's and I tried a demo account with a broker and found I was making a lot of "returns" as the targets were easily achievable. When I decided to use real money on a real account, the Targets were so far out of my reach, that I realised that I was not going to be very successful.
Long story short, don't believe the Hype with BO...the house always wins
you can go through the school in the below link, its free
http://www.babypips.com/school
and see if its for you.
Everyone is different, I know of some people that actually make reasonable money - not millions like most ads say though.
You just need to put some work into it, its not a get rich quick scheme
http://www.babypips.com/school
and see if its for you.
Everyone is different, I know of some people that actually make reasonable money - not millions like most ads say though.
You just need to put some work into it, its not a get rich quick scheme
WAslayer
Honorary Master
Thanks for the responses guys.. By no means am I looking for a get rich quick scheme and retire tomorrow off my billions.. Just something where I can get some return back and help pay off the bond and things.. Any little extra in the back is better than a kick in the nuts..
Think I will go through http://www.babypips.com/school and see where it leads from there..
Think I will go through http://www.babypips.com/school and see where it leads from there..
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Been bombarded with "IQ Options" playing games on the tablet. Could not find anything negative on the interwebz so will download and try the demo which I suspect will involve some bull****tery in any event. There is a $50 fee when withdrawing so that is one "catch" where you will probably leave your hard earned returns with them for longer.
flippakitten
Expert Member
There is a reason why they made it Illegal in Israel...
Rather take the extra money and put it in a tax free savings account, or straight back into your bond, you'll get better returns.
Rather take the extra money and put it in a tax free savings account, or straight back into your bond, you'll get better returns.