None right now. But when I first started trading it was listening to the majority opinion of some of the so called "experienced" traders on Forex Factory. Since the majority of traders can't possibly get rich in any market, it's best not to think ...

biggest frustration or obstacle you have faced so far?

Hedging with two spot Forex positions doesn't make much sense, but hedging with Forex Binary Options makes perfect sense. For example, you can buy a Spot Forex position and risk $100, and then sell a Binary Forex Option in the opposite direction for ...

What's the point of hedging?

Just a bump up with a little F.Y.I. Binary Options through Nadex are exchange traded, so therefore you are trading against other traders and not against your broker, unlike Spot Forex. A lot of you are losing in Spot Forex because your broker has a ...

Binary Options - How not to get stopped out

Man...talk about an old thread...I started this 4 years ago. Multiple monitors definitely worth it...doesn't cost much and most laptops allow you to plug in a second monitor anyway.

Multiple computer monitors for trading

Give me a break. Seriously, pal, will ya? You expect anyone to believe that you go from testing your strategy on a demo account to going live with that same strategy with 10k, or 50k or whatever amount of money might be a lot to you, and don't break ...

Don't play games with demo accounts

I have to kind of agree with this. The more confident you are in your strategy, the less you will emotionally stress over your strategy, no matter what the draw down is. HOWEVER, there is a phase where you first start trading REAL money, where you ...

Don't play games with demo accounts

I'll take a demo account seriously the day I can use that play money to pay my bills and buy food, until then, it's no substitute for trading real money. There's an experiment involving locking up astronauts in a fake space station that are suppose ...

Don't play games with demo accounts

For the most part, I agree. Demo trading is merely there to orientate you toward a broker's platform or maybe give you a basic understanding of how the mechanics of trading work. In Binary Forex Options, however, you have to trade with real money ...

Don't play games with demo accounts

Well, I only trade Binary Forex Options, so I can't really speak of Vanilla Options too much. There is a slight learning curve with Binary Forex Options, but it's a brief one, and it's nowhere near as complicated as when first studying Spot Forex. ...

I am demotivated...

Better is a matter of opinion, so I wont say that Binary Options will have success for everyone. In any market, there will be more losers than winners. HOWEVER, I prefer Binary Options for the following reasons: 1. No Stop losses. 2. Flawless ...

I am demotivated...

Consider trading Forex Options or Forex Binary Options instead of Spot Forex. I was losing year after year with Spot Forex, but the experience I gained from that help me excel in Forex Binary Options.

I am demotivated...

I almost forgot to mention... Getting in and out of Binary Options, to skim a profit before they close, is also a good tactic, so to is using Binary Options as a hedge against your Spot Forex positions or against other Binary Options. Unfortunately, ...

Binary Options - How not to get stopped out

I just want to say that if I have been giving the wrong impression about Binary Options then I apologize. Binary Options are no free ride, and as in all markets, there still are going to be more losers than winners. This is just the law of nature. ...

Binary Options - How not to get stopped out

I imagine a box option would be harder to trade. With Binary Options the price has to be below or above a set price, and then you win or lose according to that final outcome. With box options, the price has to be between TWO PRICES at a certain ...

Binary Options - How not to get stopped out

"Only in fairytales. As I said, the price of a binary option is based on the average volatility. If your option expires next week then the seller of that option will calculate how much the underlying pair moves in 7 days and will add his comission. ...

Binary Options - How not to get stopped out

Correct, you do have to have a good understanding of Spot Forex trading, because you do have to understand Forex volatility and Forex timing.

Binary Options - How not to get stopped out

I'll prove it to you if you up your bet to $2,000....or promise to leave Forex Factory for good. What do you say? And of course, the bet applies to me as well too. I wont give you a petty 3 months worth of statements either (as I have now) I'll give ...

Binary Options - How not to get stopped out

Here’s an example of why I prefer Binary Options over Spot Forex. Lets say you have two traders taking the same position on the same currency pair, trader A & trader B. Both trader A&B will be shorting the USD/CAD. Trader A opens up a spot position ...

Binary Options - How not to get stopped out

I just advise people try them on a demo account. My interest is only in making Binary Options more popular in the hopes of having other brokers offer them. If more brokers offer them then the lower they cost to trade. After all, why be so skeptical ...

Binary Options - How not to get stopped out

Ahhh, yes, I see. However, I find the pricing to be on par with the current spot price all the time. That is, it's always between $45 - $55 per contract if the contract is close to the current spot price.

Binary Options - How not to get stopped out