Click the green circle next to the binary statement to bring up the order window, then sell your units if you bought them or buy them if you sold them. You can, of course, only do this when the market is open or after the contracts have been ...

Why Binary Forex Options are better than Spot Forex

Yeah, the downside to binaries is that they mostly operate like old fashioned exchanges, with old fashioned hours. (except that they are open from 4 p.m. till 2 a.m., as well as 8 to 3.)

Why Binary Forex Options are better than Spot Forex

Thanks for the video. It's good to note one important thing about Binaries: You're trading against other traders and not against your broker, like Spot Forex. On another note, does anyone know if the IG Market Daily One Touch's are more expensive to ...

Why Binary Forex Options are better than Spot Forex

Don't you mean he would have $1700 right now?

Why Binary Forex Options are better than Spot Forex

I mean the concept of trading them looks nice.

Why Binary Forex Options are better than Spot Forex

Hmmmm, IG Markets one touch Daily Contracts are looking nice...I may open an account with them....

Why Binary Forex Options are better than Spot Forex

@ The Dirty Serb: >>One question, does it seem like IG is superior to Hedgestreet?<< Technically, aesthetically, and in terms of hours of operation + liquidity, probably. >>I mean in the amount of things to trade and the ability to close a position ...

Why Binary Forex Options are better than Spot Forex

My advise to you is to simply double your money like this and then transfer it into your bank account. Wash, rinse, repeat and only use a small amount of money.

Why Binary Forex Options are better than Spot Forex

@ Dreamliner: I never traded monthly one touch’s before, not even on demo, but I will try to help you with understanding it. Just think of it this way…if it helps…. We sell a binary contract when we think that an outcome wont happen, and we buy a ...

Why Binary Forex Options are better than Spot Forex

Yup, but of course if the price falls in the middle of your two strike prices, then you lose both sides.

Why Binary Forex Options are better than Spot Forex

Was wondering what you mean by not betting on price movement. Could you elaborate? From my viewpoint, you could use usd/chf binaries to hedge against eur/usd binaries. But then again....why not just use usd/chf binaries to hedge against usd/chf ...

Why Binary Forex Options are better than Spot Forex

I can't wait till Hedgestreet updates their platform. The refresh button approach to your positions and open orders is simply horrible. I have actually screwed up a couple of my orders because the data was not automatically updated....and I forgot ...

Why Binary Forex Options are better than Spot Forex

Risk and Reward are not always black and white. For example, you might be risking a lot, but if your trading method has a low proabibility of failure, and you double a tiny bit of money....why not? I wouldn't do it though lol I think you know the ...

Why Binary Forex Options are better than Spot Forex

I never traded MOT Binaries before, but based off of the logic of binaries the answer to your question is yes. When you sell a binary statement your betting against that statement, so if you sell a MOT, and it doesn't hit the MOT price, then you ...

Why Binary Forex Options are better than Spot Forex

I was just curious…I'm a little confused by your approach here. Market exposure has more to do with how much you invest/risk on a trade, as opposed to how long you are in a trade for. For example, you could try to scalp a binary contract by selling ...

Why Binary Forex Options are better than Spot Forex

The transition from Spot Forex to Binaries isn't that hard...although it takes a few weeks to adjust to the swing of Binaries. The rules of Spot Forex apply in almost every way: Use your Spot Forex trading system with Binaries, but instead of take ...

Why Binary Forex Options are better than Spot Forex

Oh I forgot to mention: IG Markets bought Hedgestreet sometime ago. This is why their platforms are now so similar.

Why Binary Forex Options are better than Spot Forex

It probably would be best to just call them. Probably is a problem related to their new platform transition and website.

Why Binary Forex Options are better than Spot Forex

@ Tjpld: Yes, IG Market's platform is definately nice, no doubt about it. And Binary Forex trading does take a slight mental adjustment from Spot Forex. There is a slight learning curve.

Why Binary Forex Options are better than Spot Forex

Honestly, it depends on your level of Spot Forex experience. If you don't have any Spot Forex experience, then yeah, it is gambling. However, if you are coming from a Spot Forex background then predicting price movement, within a given time frame, ...

Why Binary Forex Options are better than Spot Forex