Forums General Discussions NEED HELP, I AM REALLY STRUCK…

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  • #4532
    scalper.exp
    Participant

      Hai to all,

      As past 15 days i got hanged to binary options, When i started trading years ago, as every trader i came to face loss and tried to switch brokers and went to try binary option, but at that time i have doubt about the binary and kept off them.But now the big swiss broker started their live binary but as i am busy in my forex trading i just kept them off, But at the black day as many brokers i also lost some k’s of dollars with an aussie broker[ hoping that will corrected by stops], again binary stared at me and asked me “DO YOU THINK ITS THE TIME?”, simply i replied yes and started demo the swiss broker, all went fine

      this broker varies from other broker.. in following points….

      1] their price feed is same as their forex platform feed, there is not even a slight change

      2] 90 percent payout for all expiry time.

      [this is not a sales pitch] still i am not related to the company yet,

      my question is…

      as from my knowledge binary option trades are not forwarded to the inter-bank, these are kept by broker, if we win , then broker loose, if we loose broker wins,if i am keeping winning every day, will this broker block my account?

      or is there any way that binary trades are some how entering in to the markets.

      if it enters how the equation works,

      like i am placing 1 dollar bet that euro will rise against usd, if i win i get 1.90 dollar , if i loose then 1 dollar is lost. with in that particular time will the broker send my 1 dollar to the market and benefit or something else?

      i dont know, last two days googling this matters return to same stories, any one have different idea?

      #4533
      Pigh77
      Participant

        Considering that buyer/sellers in EURUSD (for example) are usually around 50% buyers / 50% sellers I would say that for binary options is the same… so the dealer has no need to go in the market, the position is hedged by another trader (who has taken the opposite of your bet).

        This is only my personal opinion without proof

        #4535
        simplex
        Moderator

          simply i replied yes and started demo the swiss broker, all went fine this broker varies from other broker.. in following points…. 1] their price feed is same as their forex platform feed, there is not even a slight change 2] 90 percent payout for all expiry time.

          Hey scalper,

          Would you mind telling this broker’s name? Could be interesting for a friend of mine. If you don’t want to post publicly, please sent me a PM.

          As for your questions: I didn’t work with BOs yet, so I have no idea – sorry!

          A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)

          #4541
          Montrose
          Participant

            Hi, my advice;

            be very careful with Binary options.

            A trading friend was very succesful and in the end lost his account as many others.

            BO is not a legitimate financial product. Until Chicago Mercantile Exchange accepts BO as a financial instrument.

            It’s a betting product!

            Read their disclaimer. Most of them say they reserve the right to manipulate price to their liking.

            Best M.

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