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Registered User Joined: 7/31/2014 Posts: 1
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I'm a new at all this and have lost over $800 in trying to "guess" the correct call/put option on my Binary Option site. Is there any chart or video that can help me be more successful with Binary Option trading? Any advice is appreciated.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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We do not have any videos devoted to binary options (in part because we don't carry options data). The trainers can't give setting, interpretation or investment advice. I will move this topic to the Stock and Market Talk forum where other traders are more likely to see it and comment.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 8/23/2013 Posts: 245
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i know nothing about binary options, but you are basically guess the direction of the stock over some forward period of time (i hope that time is not 60 seconds later)
if not, then you have to learn how to read a chart and price movement and if you just started at this you are correct you are guessing(flip a coin would be just as effective) and lose money.
if you a doing binary option overnight imho that is super risky as well as so many other factors may effect the market overnight other than the strength or weakness of your stock.
so i guess i would be trying to do that intraday for sure. You would be better off learning charts and movement and day trading in a paper account until you figure out you successful plan of action and alerts to trades
GOOD LUCK !!
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Registered User Joined: 5/11/2009 Posts: 120
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Sounds like you were slick talked into trading options before you were ready. My advice is to quit listening to these people and start simple with something you understand.
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Registered User Joined: 9/27/2014 Posts: 1
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I agree with tom, it sounds like you were not aware about things before you have invested in binary trading. Things are not as simple as you think, you need to learn basics of binary options trading first and then move forward to gain profit. Well I know that winning is not certain, but if you do follow the economic market, assets value and data perfectly, your chance might increase to get win in a deal.
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Registered User Joined: 9/27/2010 Posts: 11
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It's online gambling with the house having an edge of about 55%. With short time frames no one can know the direction of movement unless you are a floor trader or someone with special knowledge. Very addicting and dangerous!
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Registered User Joined: 11/11/2014 Posts: 2
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anybody tried option trading? Witch site do you use? how does it work? You need a software and a broker... how is connect your data and your order with your browser?
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Registered User Joined: 11/11/2014 Posts: 2
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sorry, my last synthax is: How is connect your data and you order with your BROKER?
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