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Is Binary Options a Scam or Legitimate Trading Tool?
Before we analyze whether binary options is a scam or not I would like to take a look at day trading, an area which I have much experience, and see if day trading would qualify as a scam.
As a day trader many people looked В upon what I did withВ skepticism. Many thought that day trading was just a another form of gambling. Many trading companies would try to lure people with the potential to earn a living with electronic day trading with very little investment. The truth is, for the overwhelming majority of people, day trading was a losing effort. Few traders were successful; most lost money. The firms made a lot of money collecting commissions and profit share from the good traders. After my first year of day trading I was convinced that it was impossible, or nearly impossible to make money. I began back in 2002, after the bubble burst and volatility was at a virtual standstill. Few traders were making money with any of the traditional trading formulas that worked a few years earlier. I was fortunate enough to come upon someone who had a “system”. The trading system provided an “edge” in the market. When traders diligently followed the system they consistently made money. When I began trading with the system I made money on a consistent basis. I opened trading floors to teach others to trade within this system, but most did not made money. Trading within this system required extreme discipline both to enter a position and to leave a position when the rules required. Those who followed the rules diligently made money. Like mostВ professions, one needs education or skills to make a living. The same is true with day trading. Along with these skills a person must have the proper discipline in order to succeed. Its a business that is clearly not for everyone.
The same can be said for Binary Options. В The companies that set up binary option platforms and binary option brokers are in this business to make money. В The firm collects 80- 100% of a losing trade and pays outВ 60-80% on winning trades. Someone who wins on 50% of their binary option trades will lose money. Unless someone has a system that has a winning track record and the person adheres to that system consistently he will over the long term win on 50% on his trades and lose money.
Of course it is possible that some of the binary option brokers in the market are making promises that they cannot or will not fulfill. If a broker makes falseВ assertionsВ or won’t refund deposits or payout profits to a customer then that broker may be considered a scam. The binary options trading industry itself is not a scam. It may be difficult to actually profit trading binary options, but the risk and rewards are clearly displayed for the investor. Whether one makes money or not is up to the actual trader. We have completed В a series of comprehensive reviews of binary brokers. In our reviews we determine, to the best of our ability, if the brokers are providing the services that they claim to offer. В Once you have the confidence that a binary option broker is providing a legitimate service you will then be able to implement a trading style that mostВ effectivelyВ yields profitableВ tradingВ results. All of the brokers we have tested so far have proved to be providing a legitimate service. Some of our reviews include older more established brokers such asВ 24option as well as newer brokers such as Bee OptionsВ and Redwood Options.
Best Binary Options System
Every investor wants to make an investment that would bring the highest returns within a short span of time. Binary options trading, also known as digital option trading, promises huge profits for an average investor with limited or no knowledge of the financial operations in the market. Through the call or put trade, the investor can make predictions regarding the behavior of assets in the market. The best binary options system provides the user with the right equipment and information to make predictions according to the data. A number of binary options systems are available that can either be bought at certain price or can be downloaded for free.
Global Money 24
Global Money 24 is considered the best binary options system by some people as it makes the binary options trading easier through the real time graphs. These real time Meta graphs are simple to read and can be used to make correct and informed predictions about the value of the assets. This is known as Graphic Trend Analysis. The binary options system allows the trader to make small investments at a time and gradually earn huge profits through these investments.
60 Second Profits
60 Second Profits is a binary options trading system that employs a strategy of quick profit earning through limited period investments. It is the best binary options system for the traders who want to earn profits in a short time. The trader can earn by predicting on the small fluctuations in the value of assets over a short period. If the trader predicts at the correct time, he can make money within seconds as the shortest expiry starts from 1 minute. The profits might be small for short expiry periods but it is definitely a worthwhile investment for new investors.
The Binary Options Strategy
The Binary Options Strategies works on the same principle as the 60 Seconds Profits but the shortest expiration period is 15 minutes. This system also allows the traders to predict by choosing call or put option on small fluctuations in the value of assets including stocks, currencies and other commodities. It claims to be the best Binary Options System as it is one of the oldest systems in practice. This system also provides a trader insight utility that guides the traders to make educated and low-risk-inducing choices. The trader can choose to predict according to or against the statistics displayed by the Trader Insight. The new investors are recommended to follow Trader Insight only if it is 75% or above.
Every trader wishes to choose the Best Binary Options System that would enable him to make huge profits and always be in the money. Risk is always involved in all types of trades but the risk in binary options trading is far less as compared to other options. Only the amount invested in choosing the call or put option is at stake. If the trader makes wise decisions at the right time and uses the features provided by the systems effectively, he would always be in the money.
How to Trade Binary Options Successfully
Many traders are constantly trying to find a way that can help them to significantly improve their profits in binary options trading. There are lots of things you have to learn if you just started to enter into the binary options trading. The following is 7 tips that you can follow to help you trade more successfully in binary options.
1. Choose a Licensed Broker
The most important priority is to find a good binary options broker that is respected in the industry and has many positive reviews. Choosing a bad broker can be very risky as they may freeze your account and prevent you from withdrawing your profits. If possible, you should sign up with a broker that has obtained proper licensing with an authority regulator such as CySEC. You should do as much research as possible on the broker’s background and find out what other traders are saying about it. You must not be lured by the cheap rate as cheap brokers will compromise in many ways.
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2. Diversify Across Different Types of Asset Classes
You should diversify your investment in a variety of assets classes to minimize the risk of losses. In this way, if one asset did not do so well because of a major catastrophe, you will still be making money from other types of assets. Diversifying across different asset classes is important because there are many potential risks that can affect the particular asset class.
3. Diversify Among Several Brokers
Apart from diversifying the asset classes, you should also diversify the brokers. It is not recommended to just use one broker because you don’t know if something will happen to the broker and cause you to lose your entire investment. If you trade with several brokers, you won’t lose all your money if one broker close down. You can diversify across 7 – 8 brokers to get favorable result in binary trading in the long term.
4. Never Stop Learning and Educating Yourself
If this is the first time you are trading, you should get familiar with how the binary options trading system work. Reading the glossary allows you to understand how to use the different features on the trading platform. There are lots of free e-books that teach you about the strategies of winning in binary options. There are also videos that demonstrate how to study the chart/graph and analyze the market situation. Besides, you can also join binary options forum to discuss with other traders to expand your knowledge in trading. Learning is for all time and you must continue to educate yourself on different binary options tips and strategies if you to succeed.
5. Long Term Options Over Short Term Options
It is often advertised that short term binary options such as sixty seconds option is the most profitable but what you don’t know is that this type of option has very low winning rate. Instead, choosing long term option that last for a few days or weeks is able to bring in a stable income.
6. Never Over Invest More than You Can Afford
You must set a budget and not invest more than what you can afford especially when you are a new trader. Many new traders suffer a great financial loss for over investing. You must be clear in your head and don’t let your emotions override your decision. If you are feeling emotional, you should stop trading temporary until you have calm down. It is no good to become too tense and serious in your trading but relax yourself and have fun. This will enable you to make better decision and increase your chances of earning more profits in binary trading.
7. Study the Market Before Placing a Trade
Prior to placing a trade, you should first study the market by reviewing the movement of the price in the graph. Besides, you should also pay attention for any breaking news that is in the headline as these news are the ones that can affect the market condition. When you understand the situation in the market, you will be able to more accurately predict whether the price of the asset will rise or fall.
It isn’t easy to make a steady income from binary trading when you are new,so you have to learn as much as you can. The most important thing is to learn from your mistakes and never give up.
What is Binary Options Trading
Binary Options trading is a method of earning profit from the movement in the value of any commodities, stocks, assets and shares including Forex. The main reason why binary options trading have become one of the popular financial trade is that here the traders have to make one good possible decision at the time of placing them. In binary option “yes” or “no” decision is represented as “Put” or “Call” trades.
In binary options trades, you don’t need to buy actual products, all you have to do is place a binary options trade on the value of any asset, stocks, commodities etc. For instance, if you think the gold value will rise in the coming days, then you place the binary on gold, so that when the value of gold increases, you will gain the profit out of it. On the other hand, if the gold value decreases, then you gain nothing but will obviously lose.
The best part of binary options trades is that you can find different range of expiry times of commodities, asset and so on. The expiry times are shown to the traders (some commodities or asset values expiry time is too short, it may even be 60 seconds or it can also expire as late as one month). As a trader, you have to keep in touch or stay connected with the latest information regarding the fall and rise of commodities value.
If it is your first time to know about binary options trades and wanted to learn the process of placing binary options trades, then I suggest you go through the below steps.
How to Place Binary Options Trades:
As a new user, you may not be aware of placing binary options trades that’s why I have arranged certain steps for you to follow. These steps will enlighten about the whole process of placing binary trades.
- On the first step, you have to take one good decision of placing your trade on, that means you should place any asset, stock, commodities etc. For trading purpose. Once you are done choosing the trade options by keeping in mind that, this particular commodities value will increase in coming days.
- For instance, if you think the value of kerosene will increase in coming days, then you have to place a “Call” option on it. However, let’s say you expect the value of kerosene will fall in coming month or days, at that time place a “Put” option.
- Now it’s time for you to choose your binary options broker for placing your own trades. You will see a list of brokers. Select any one broker according to your convenient.
- The broker list that you have seen are fully verified binary options brokers, each of those brokers offers tradable commodities (some broker provide a welcome bonus to new users). The given broker list consist of different account types, make sure that you choose the open account for getting extra benefits of any trades your place.
- On the next step, you have to focus on the expiry time for your trades. After selecting the types of asset and broker for placing your trade, the next step will be about deciding expiry time for your trades.
- If you want, you can place your trades for just 1 minute or else longer than that maybe one month. You must be careful while selecting expiry time for your trades, as other events may affect the value of your financial assets which you have placed on.
- You must also understand the potential of gaining the maximum of what you have invested. Different binary options broker offer different amount of interest, you ought to compare one binary options brokers with another, so that you can understand which brokers provide good interest of your investment.
- Look for the trending options, as a trader, you need to check the trending things in today’s world. It will be a good idea if you can check the latest financial information from different brokers, by doing this you can place relevant binary options trades. Basically, you should know about the thing or commodities base on its popularity and hence you will gain a good amount of profit.
- You should also take care of increasing your budget, if you think that there is a high probability of success then it’s better for you to increase your budget when placing your trades.
- When you think that your trades is going to be affected in the coming event then you must exit your trade before the expiry date or else the profit which you have received before will eventually go in loss. An Early exit in trading an asset or commodities is also a good idea.
Advantages of Trading Binary Options
For both the investor and traders, using the Trading binary options can give you great success. And there are true possitve advantage having the knowledge of binary trading otpion before staring the trades. So the advantage that you can see are like-
- Fast Returns – when you use the binary option with the investment you make, you will experience the fast returns compared to those having the invest without Binary option. While the binary options traded is not for a longer period and expires within a times of 1 day.
2. High Returns – You can have the highest return from the trade when use the binary options. In most cases, there is a possibilty to see return rates upto 70% that is one of the most awesome deal or goal for any trade markets.
3. A Numbers Game – Best way to succeed in trade is using the binary options trade, and evn the average trade with binary opton can give you 55% of benefits. And thus doing more research and making smart trades will defitinely bring you more success. Example- predicting the price of gold or oil would that increase over a period of time and with a little smart trading decision of buying the good when the price is low can give you great benefits.
The above guide is sufficient enough for you to understand about binary options trades. These steps will not only provide you a guide but also to be a better trader.
Bitcoin Binary Options
The entry of Bitcoin into the world of digital payments has paved a way for other crypto-currencies to emerge as well. And whether you see it or not, the future of Bitcoin is as bright as the sun. Soon enough, Bitcoin will become a commodity and a standard form of money that people can widely use to pay for any of their purchases.
Bitcoiners are taking good care of their bitcoins because they believe that Bitcoin prices will skyrocket soon. For this reason, many Bitcoin owners are now opting to use Binary Options to improve their Bitcoin investments as much as possible.
Bitcoin will without a doubt become a mainstream currency in the near future. Trading binary options today will help you get the most out of your precious Bitcoins tomorrow. If you are not familiar with binary options, read along to know the basics, the drawbacks and more importantly its benefits.
What are binary options?
Binary options is a type of option wherein investments can turn into fixed amounts at a certain time frame or it can turn into nothing at all. Binary options allow traders to predict the volatility of assets whether the prices will rise or fall at a certain period of time. If the binary options prediction is correction, then traders will harvest profit. Otherwise, if the binary option prediction is incorrect, then the investor will incur an investment loss. Another form of the same thing are Bitcoin Prediction Markets – which are not limited to stocks or currencies – you can predict virtually everything.
Binary options basically means that you can either buy an option when the prices are up or when the prices are down for a given time. Binary options trades involve all or nothing bets.
Investors have the chance of possibly maximizing their investments if they make the right options. If their predictions are incorrect then they’ll lose everything they bet on. That is why binary options is also dubbed as all-or-nothing options, digital options and Fixed Return Options.
How does trading in binary options work?
Trading in binary options is pretty simple if you already understand how things work. You need to first select an asset you want to invest in and then make a prediction on whether that asset’s price will go up or down at some point in time.
Once you have decided on how to attack the assets, you then make a deal with the broker you are working with. After selecting the amount you want to risk, the broker will then provide you with projected profit (usually a percentage ranging from 60-90%) if your predictions are correct, otherwise you will lose everything you invested. So binary options trading is much simpler than regular crypto currency trading – but it also has the downside that there is just a option of win or loose your whole “portfolio”.
The best thing about binary options is that everything is initially laid out before you even commit to trades. So you really know what you’re getting yourself into before you invest any amount into an option.
The thing to remember when trading binary options is that there are expiry times that will ultimately work best for you. Depending on your preferences, you can trade for a short period of time or longer. The maturities of options will also vary depending on how long you set the expiry time to – you can set it to 60 seconds, 5 minutes or for hours whichever suits your option commitments. Once the binary options trade is locked in, all you need to do is wait for your options to mature.
Why use Bitcoin for binary options?
Bitcoiners who don’t want the effort to learn profitable trading on the crypto exchange markets, can take advantage of binary options to ease trading Bitcoins and turn their investments into profit. Trading Bitcoins using binary options can be d one through an online platform which makes transactions a lot easier and more convenient. Bitcoiners can trade any amount anonymously whenever and wherever they want to. That’s the best thing about all-Bitcoin binary options platforms – they facilitate anonymous trading activities.
There are different types of investments you can do with binary options.
Call and Put Options
The most common type is the Call and Put option. “Call” investments are when you predict that the price of the asset will rise at a certain time frame. “Put” investments on the other hand are assets that are predicted to fall in prices at certain point in time. Bitcoiners can choose to either place a Call or Put option investment through a binary option platform or brokers that accommodate Bitcoin trades.
One Touch Options
One Touch options on the other hand are high yield options. When trading using the One Touch method, you must be certain that the price of the asset you invested in will touch or even exceed the predicted price while the trade is still live. Otherwise, the amount invested will be lost. The main advantage of using such trading method is that expiry times usually run up to a week so there’s ample time for the prices to reach a touch scenario.
Range trading, sometimes called boundary option, is another binary options trading method that feature high returns in all market conditions. Range trading works by betting money with a given price range or boundaries. The investor either select whether the price will hit ‘in’ or ‘out’ of the price boundaries. Investors will profit or lose investment upon maturity depending on whether the price touched or did not touch one of the set boundaries.
10 Minute Options
Another common type of binary options trade is the 10 Minute options. Binary options brokers usually set their default time limit to 10 minutes. With such trading options everything must be extremely calculated – meaning you need to be familiar with the daily price movements in order to get the most out of your investments.
60 Second Options
60 second options are also popular but they offer lower investment returns since the trades are done in a fast paced state.
Long Term Option
Long-term binary options are much more preferred because they offer lesser risks. Traders will also have more time to analyse the movement of the prices with longer binary option commitments.
What are binary options brokers?
Bitcoiners can trade Bitcoins by using binary options brokers to facilitate trading activities. Since Bitcoin is now growing in popularity, many brokers have already added the crypto-currency to their assets.
Before you start trading for Bitcoins though, you need to first know the different types of brokers that can help you deal with all kinds of technical stuff about binary options and Bitcoins as well. Combining binary options and Bitcoins together will give you a headache but with the right binary option broker, things should be a lot easier to understand and follow. Note that not all binary option brokers trade for Bitcoins so it is important to determine which ones accept the crypto-currency and which don’t.
There are basically two kinds of Bitcoin binary options brokers: (Type 1) The ones that use Bitcoin as the sole medium of exchange, and (Type 2) those that use Bitcoin as the underlying asset. Type 1 Bitcoin Binary Option Brokers are those brokers that specifically trade for Bitcoins. If you have Bitcoins, you’ll want to trade using the Type 1 broker so as to maintain your privacy.
What risks are involved in trading binary options?
Like any other type of trading or gambling, binary options has its own pros and cons. Risks are a great part of trading in binary options. If you don’t like taking risks, then you won’t enjoy trading in binary options.
The risks you will encounter when trading in binary options are the following: market risk, fixed profits, high probability for loss, illiquid and unregulated (well, most brokers are). Since the market mightmove in a different direction without any warning, binary options predictions may not exactly go as planned or as analysed. And even if the market do pinpoint exactly to the movement you predicted, the gains are fixed profits – meaning, you get a fixed amount even if the broker makes more from your investment.
The biggest risk when trading binary options is the sparse regulation with such trading system. If you get involve with a broker that run unscrupulous practices, then you immediately incur an investment loss.
To minimize the risk of trading binary options, you need to choose a binary options broker that already has a reputation of providing protection rate and would help limit your losses. Make sure that you really like the broker’s platform and services / features before you work with him or her. This way, you will have the confidence of trading binary options knowing that you can control the risks that comes with it.
Is binary options investing or gambling?
When trading with a binary options broker, the investors are actually trading against that broker. Meaning, when the investors make a profit, the binary options brokers meanwhile loses money. Thus, trading binary options is both an investment and a way of gambling like bitcoin poker or bitcoin sport betting is, too.
Binary options is an investment in a sense that you can be profitable if you choose the right options. Binary options trades involve gambling because you either win big or lose everything.
It doesn’t really matter what binary options actually is – whether it’s profiting through investing or gambling is not the real concern here. What’s the real issue is which trading brokers are legit and which ones are scams.
If online gambling is forbidden or restricted in your country, chances are high that binary options might be illegal too – but its up to you to figure that out in your specific country. But as theres no way to restrict bitcoin transactions, you can of course use a VPN service to get a IP from another country and trade binary options over the VPN connection. Make sure you dont use a USA or UK IP address because these are the countries where most binary option brokers themselves have restrictions for the users. Of course, if you are from the US or UK, you know that already.
Can I trust my broker?
Binary options brokers are not easy to find – reliable binary option brokers for that matter. There are a lot of so-called binary option brokers on the internet today but most of them are actually scam artists. Which is why it is important to scrutinize the binary options brokers before you start trading with them.
There are precautionary measures that investors can do to make sure that they only transact with a credible options broker. First of all, don’t ever trade with a broker that operates in a country that does not have strong regulatory system. Make sure that the broker you engaged with operates within the jurisdictions of a country that acknowledges binary options trades.
The rule of thumb is if the binary options broker has a lot of complaints about him, then he is probably not a good broker to trade with so avoid using his services at all cost. Consider any negative comments as a warning sign indicating that the broker might be a scam artist or simply an incompetent binary options broker.
What better way to determine the credibility of the binary broker than to give his services a test run – that is if the broker is willing to offer you a trial test. See to it that the broker’s platform suits your binary options strategies. Most binary options brokers are registered with reputable companies and they are more transparent with their operations.
Investors may also check out forums to see any discussions about binary options scams. There are a lot of information you can get via forums and chat rooms from people that have Bitcoin binary options experience.
Is there really a best binary option strategy?
Investors can get better investment outputs by using a specific binary options strategy to improve their chances to be profitable. Note that there is really no perfect strategy and success will always depend on the economic stability. These binary options strategies are basically guides to help investors foresee how their investments will turn out.
One binary options strategy involves “Calling” or “Putting” at the best possible time. There is also the strategy of “right timing” to generate profit regardless of how skilled or not the trader is. A strategy that basically focuses on economic statistics can also help traders get better investment returns. Certain tools are also provided by the brokers to give the investors projected positions of their assets and their prices at a given time frame.
The simplest way to improve your chances to be profitable is to tune in to financial news and check out the market figures yourself. Use your technical analytis skills to determine which assets or stocks are making profit and then use such information to make the right binary options investment.
The best strategy to use is the combination of all binary options strategies. Remember that binary options involve risks so using all the possible strategies will surely provide investors with better trade outcomes.
How can I trade anonymously with Bitcoin?
To ensure that there are no money laundering and fraud taking place, registered and licensed binary options brokers need to confirm the identities of all their customers. This is an industry process called the “Know Your Customer” (KYC).
Since most brokers would ask investors / traders to provide a form of identification, those who want to maintain their privacy wouldn’t be able to trade with such brokers unless they compromise their identity.
Which providers allow deposit in Bitcoin?
The best way to avoid identity verification is to make use of binary options brokers that only accept Bitcoin as the mode of payment / deposit process. There are various Bitcoin-only binary options brokers out there which traders can use to start growing their investments.
Some of the all-Bitcoin binary options trading platforms include Trade Rush, AnyOption, Beast Options and Fortune Jack among others. Use these brokers to maintain your anonymity while trading Bitcoins. Here’s a list of brokers that accept Bitcoin deposits and withdrawals.
If you dont have any bitcoins yet, there are several ways of getting them. The easiest way is to buy bitcoins with creditcard at one of these websites.
Are Bitcoin binary options against the law?
So far, Bitcoin gambling is still legal in most countries. There are still no specific laws governing the activities associated with Bitcoin gambling. Brokers that accommodate Bitcoin trades exist because they operate within a jurisdiction where Bitcoin gambling / investing is legal.
As long as a Bitcoin binary options operator has a legit operating licence regardless of where it is based in, investors can be assured that all trading activities are 100% regulated. For Bitcoin platform operators, most of them have licences issued in Costa Rica, Eastern Europe and in Panama City.
For whom is binary options useful for?
Binary options isn’t for everybody. If you don’t like taking risks, then binary options is definitely not for you. Know that the price you’ll get with binary options is either $0 or with a maximum payout of up to 90 percent.
If you would like to invest into something that will give you high return on investments at a short period of time, then consider trading binary options. You don’t need to trade big too, most binary options brokers accept small bets to allow traders to get a feel of how their binary options platforms work.
With binary options, you can multiply your Bitcoins as long as you stick with a strategy that works. Remember, binary options involves prediction, timing, volatility and risk so simply use licenced binary options operators to avoid the hassle of being scammed or tricked by an unlicensed broker.
Best Binary Broker!
Perfect for beginners!
Free Demo Account! Free Trading Education!
Only for experienced traders!