It's no different than Spot Forex, which is high probability betting anyway. You're giving up stop losses in exchange for expiration time, that's all. With Binary Options, you still have to look at a chart and determine where the price is going to ...

Binary Options - How not to get stopped out

If you're looking to get in and out of a binary before it expires, then yes, the price is arbitrary. However, if the binary closes, then it is always going to be 100 or nothing.

Binary Options - How not to get stopped out

You mean for the pricing of the contracts? These are more or less set according to the current spot forex price....so I'm not too sure what you mean. Could you explain?

Binary Options - How not to get stopped out

A Binary Option is a simple derivative contract that closes out at $100 per contract. For example, there maybe a binary contract with a statement that reads "USD/CHF >1.0475 3pm July 16." So if you believe this statement will be true then you would ...

Binary Options - How not to get stopped out

Should be breaking through support now.....

USD/CAD

Takes at least 2 years of trading real money before you even have a shot, imo. Just consider that lost money as education cost.

Observations Of A Newbie Trader

Aiming for 1.0225 over the next few days.

USD/CAD

The 1% - 3% rule is not for everyone. For one thing, it depends on the frequency of your trading. For example, if I only trade once per year, what good is it to risk only 1%? Why not risk 5% or even 10%? Common stock portfolios lose this much all ...

Stop Loss and Risk per Trade

One of the reasons why I no longer trade with Nadex anymore. I'm on IG Markets. Nadex has cost me money for this very same problem. Their platform is horrible, imo. Go with IG Markets.

Binary Forex Trading Journal

Maybe this might help?? url

Why Binary Forex Options are better than Spot Forex

This is the beauty of binaries, we're trading with each other (other traders) and not against our broker, who would have a long term interest in seeing us lose.

Why Binary Forex Options are better than Spot Forex

Automated trading programs fail because they don't know how to interrupt or stay abreast of breaking fundamental news. The market is far too HUMAN for any simple lines of codes to MASTER. A good trading strategy involves logic as well as HUMAN ...

Do you still believe in the perfect trading system?

@kristdm: Sorry if I said anything about you not having experience trading, I don't remember writing that....but, for me, binary options are a welcome instrument from Spot Forex, for the reasons that apply. And as I stated, binary forex options are ...

Why Binary Forex Options are better than Spot Forex

For me, the "Holy Grail" is a state of pure emotional self-control. To me, trading is 10% strategy, 10% money management and 80% emotional self-control. The notion that a "Holy Grail" exist in strategy is undermined by the fact that even if you ...

Do you still believe in the perfect trading system?

@ Dreamliner: Oh no, that wasn't my quote

Why Binary Forex Options are better than Spot Forex

@ Dreamliner: What time do you usually buy or sell your contracts in relation to the expiration?

Why Binary Forex Options are better than Spot Forex

>>1. Options and spot have different purposes for whatever your trading objective may be. It's not like one gives you an edge. The benefit of not getting stopped out is balanced by the cost of the option premium, just like a vanilla option.<< Can ...

Why Binary Forex Options are better than Spot Forex

@ giraia: Yeah, that is New York time for Nadex...although their settlement time might be between 3 p.m. - 4 p.m. Not too sure about IG Markets.

Why Binary Forex Options are better than Spot Forex

1. Yes, the contracts are settling between 3 p.m. - 5 p.m. 2. I don't use IG markets, but I think it should be on the right side with the rest of the binaries. Please keep in mind that daily one touch's are not available until the London open.

Why Binary Forex Options are better than Spot Forex