dalibor wrote: rowdy wrote: dalibor wrote:
I studied binary options last night and i think its very interesting world... a lot of strategies for daily speculation, i will try it with ig markets on demo account... and for fun pure gambling with choiceodds, five minute and hourly binaries, small amount of course
for example betts on market extremes - consecutive bars, 7 and more on 5 minute market and 5 and more on hourly... do you remember tro buzzards?
According to their website they say they offer daily and weekly binaries. Do they offer smaller timeframes? Your post suggests that they do. I realize I could just open a demo and find out but I am not ready to jump into binaries just yet. I am trying to keep from putting too many irons in the fire. Eventually though I want to explore them so tell me more. Minimum account size and other info would be helpful.
IG Markets offer daily binaries forex - up/down, ladders and one touch, hourlies only for indices - ftse, wall st etc., minimum 100.00 pounds, free demo account, platform looks really good
Choiceodds.com offer 5 minute, hourly and daily binaries for fx, indices and commodities, but no demo account... i watched online their 5 minutes binaries - fast as hell
You do not have to hold a daily binary until expiration!
Expiration just means price settling at 0 or 100 depending on which side of the strike it expires on.
When you enter long 20 pips from the floor it is the same thing as going long the spot with a 20 pip stop only:
1. If price moves 20 pips against you then you are not stopped out
2. The most you can make is 80 pips profit (how many of you do that in a single trade?)
3. You have all day or all week before you are stopped out by time.
4. Even when you're wrong your position still has value until expiration. You can recover 5 or 6 pips because a position with time value has value.
So if you enter 18 pips from the floor and later recover 5 then your true risk is 13 pips (size your positions accordingly).
You would have to be insane to choose gambling over the binary market.
Which do you prefer:
A: 0.9 to 1 payoff
B: >4 to 1 payoff and recover 25% of your bet if you are wrong.
Hard choice I know