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Binary Options
Binary options subreddit to share strategies and discuss anything related to the BO industry: regulation, scams, strategies, greeks, news, lucky trades, etc.
Learn to **trade binary options** online. Binary options are based on a simple yes or no proposition – you need to decide if asset will go above a certain price at a certain time. We suggest trying out [Binary School](http://gobinary24.com/mobile-app) – a mobile app for learning and trade simulation.
Fundigelicals really process things the way children do. There is an abundance of binary thinking. "Do you follow Jesus or are you an enemy of god?" There's a bunch of options in between, Karen!!
adding non binary options is a big step in the right direction
Im really glad that they added non binary option and they/them pronouns , there are alot of people that wanted this option and it helps them get immersed even more this shows that larian is thinking about the entire community
Are there any truly verified great Binary option traders as in Binary options Wizards?
I am just curious for all experienced options traders, who are are the best fully documented Binary options traders alive? I have searched without much concrete results. I read a copy of Anna Collings book that hints it is possible to make a living of off BO if done right. And I heard from Cam (Tradingnut) mentioned a successful trader who eventually switched to forex when his country (UK) banned BO. Other than that anecdotally I saw some social media posts where people said they make money. Just curious . For context I am a developing trader mainly in forex (swing trading) at the moment. My interest in BO is just for practice run as I learn vanilla options to hedge my downside fx risk. Thanks all for time and feedback in advance.
I know they are not regulated in many counties, but I started around 10 days ago on a platform that is well known and “trusted” in the community of binary options traders. I started with a demo account to then switch to a real money account, by depositing 100€. In 4 days I doubled the account bringing it to 207€ and I withdrew the profit (107€). So far so good, but I read people complaining about not being able to withdraw more or less big amounts. So I was wondering if as long as one “flies low”, by not exaggerating, not earning too much and withdrawing an acceptable sum (my idea would be 1000€ a week), things would work just fine. Has anybody had experiences with binary options? Thank you.
How much do you earn monthly on average by trading binary options?
I would like to get some numbers from you guys. Start by specifying what brokebrokers you are using. Then; tell us how much you earn on average Monthly and, even more important, how much you are withdrawing each time. So we will compare the answers to see what is the average amount that you can withdraw safely, without the risk of having your account blocked (apparently, as I read, there is such risk). Only HONEST answers please, don’t lie.
Help me beat Ray Dalio and get back my $2,500+ (ASML puts)
So without making it too much of a story time, I sold a put on ASML at strike 440 that expires July 15. It's a "cash covered" put and my intention was to maybe scoop ASML for cheap(er). On Friday, as ASML went through 440, I panicked and instead of bailing out I SOLD one (9am) and then another (3pm) put in an attempt to bring my average up. Well, now I'm sitting at -$2,500 (7,000 to buy these back, ~5,000 received in premiums). It might be obvious that I'm new to options, so looking for advice. Binary option 1) Not do anything and most probably get 300 shares at 440 with breakeven price ~420. If it stays at 430 (unlikely), it's a great deal. I don't have cash to buy all 300 shares, so half would be margin (yikes). Binary option 2) Admit defeat as Ray Dalio has $1B shorting ASML and just buy these back and lose 2000+ (not trivial amount for me in Eastern Europe). I see I can roll the options to 410 puts August 19, which will buy me more time if ASML rebounds but also potentially go much deeper thanks to 1B short (July 15 price vs August 19 price). Should I maybe wait a couple of days for some of the value to time decay? Or options in the money do not time decay? Anyway, any advice would be appreciated. Update: I bought them back on July 7th (~1000 profit), after watching the loss go up to 6000 on July 5 (bottom?).
Why would a binary options broker be happy if people are earning money?
I created an account on Quotex, after reading on the internet that at the moment is one of the best brokers for binary options. But I also read a few people complaining about not being able to withdraw their money, and a couple of them were talking about pretty big amounts. My question is: what is a broker, in this case Quotex, gaining in return when I am winning? Potentially with just 1000$ one can earn even 700/800$, with a single operation. IF a person is winning much, what is the broker gaining? It should be bad for them. Let’s make an example, just to understand. I know that you can lose and there are high chances to do so, but it’s just an example and let’s take it as something hypothetical: I allocated only 100$ dollars in my account, I plan to make one single operation a day, when I am very sure that the outcome will be positive. With this single operation I can earn between 70$ and 88$. Which means potentially between 700$ and 888$ in 10 days, with only 100$. Shouldn’t the broker be “worried” about that? After all they would have to pay me everyday. What would be the best thing to do in that case? Withdrawing every single day the 70$? Or you wouldn’t risk nothing by withdrawing a bigger amount once every 10 days or even once a month? The risk I’m talking about is having your funds blocked on their platform and your account even being closed (this is what I read in a few bad reviews about some brokers).
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