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Registered User
Joined: 8/19/2009
Posts: 170
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has anyone seen how they revamped binary options??
you get 1 hour or less to decide if price will be above or below current price
you choose if you want to be on the long or the short side (via call and puts)
you choose the $ amount.. whether you want to put down $1 or $1000000000
if youre right by a minimum of 0.001, you can make an average of 60-70%
sounds great.... but here are the pros and cons ive seen...
PROS
- you get the choose a set $ amount
- no commissions
- you can make 60-70% easily if youre right
- you can deposit/withdraw accounts with a credit card for no charge
CONS
- you can only trade binaries on what is currently being offered.. so if youre bullish on aapl for the next hour youre out of luck if they dont offer a binary option for it
- difficult to do technical analysis going out one hour AND be in the money within that hour
- strike is the current price and therefore constantly changing
- you must be quick to act and perform technical analysis
- from what ive seen the majority of companies that offer them are all overseas
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Registered User
Joined: 8/19/2009
Posts: 170
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also.. must be tought if theyre going out a 3rd decimal
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Registered User
Joined: 6/19/2009
Posts: 4
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Interesting
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Registered User
Joined: 6/19/2009
Posts: 4
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Wonder if IB has them?
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Registered User
Joined: 8/19/2009
Posts: 170
|
yeah should check... but from what ive seen its all overseas companies that have it so far... and its still pending for the US
im also trying to figure out where these guys profit because its commission free
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