Binary Option?

[AlexB]

Hey there everyone, does any of you work at home using the binary options? If yes what is the best system to use? I just got a brief introduction to this world but it looks like gambling to me and I would like to know some opinions, thank you

[step1]

Binary options, spot forex, futures, contracts for difference, they are all just different games in the casino.  Different ways of potentially taking advantage of the rise or fall in value of an asset without actually owning it.  A leveraged product basically. 

I've never trade binary options as I find it a little restrictive in the sense that you have to wait until the expiry to exit.  Most people will lose money in this game, I've been at it for 6 years and I still don't do it for a living. 

Regarding which system to use;  you will be hard pressed to find a system/strategy that works.  The ones that work are left under lock and key.  Most successful traders tend to be discretional and by nature that means no real system anyway, more of a knack or feel of which way prices are heading built up over 1000's of hours of screen time.

Its a dirty game my friend .  It provides no benefit to anyone other than adding liquidity to the market.  My advice is only do it if you are passionate about it and if you plan on helping others with the money you could make, otherwise you are just another cog in the dirty wheel.  In all honesty there are much easier ways to make money.  Looking back if I knew what I knew now I would probably never have got into this.  But hey ho.

 

 

Edited April 28, 2016 by step1

[AlexB]

The only reason I'd do it is to be able to travel the world and see it all and help needy people, so you're basically telling me that I should just try and try with the demo money until I understand the mechanism, if there is one, because online people say only false things? 

[AlexB]

Ah btw u don't have to wait much anymore now you have the 30 seconds auction 

 

[step1]

3 minutes ago, AlexB said:

The only reason I'd do it is to be able to travel the world and see it all and help needy people, so you're basically telling me that I should just try and try with the demo money until I understand the mechanism, if there is one, because online people say only false things? 

Don't put any real money into it until you can triple your demo account using strict money management.  i.e. 1% risk per trade.

[AlexB]

I'll give it a try, although I don't really know what opinion to give seeing the people that lost thousands of dollars and saved money in it, looks pretty addictive in that sense

[step1]

Just now, AlexB said:

I'll give it a try, although I don't really know what opinion to give seeing the people that lost thousands of dollars and saved money in it, looks pretty addictive in that sense

There is a book called 'Reminiscence of a Stock Operator'.  Give it a read its a true story and gives you a great insight into trading and what it takes to be successful. 

[AlexB]

I'll look it up, thanks for the insight