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  1. #1
    Veteran Member Optionguy's Avatar

    Is it all about timing !!!

    When I trade Forex market I know the key points that I need. If I see direction and I plan where to place my stop I can be calm, because I speculate that in a matter of a day or two or a week my target will be reached and if it is not my stop loss will protect me. Now, in options even if you see direction, it seems to me you have to develop a skill for timing. Touch or no touch, in or out require your ability to define time specifically. That seems difficult to me. The target can be reached within one hour or only within the week. What do you think about the timing in options?

  2. #2
    Senior Member dorrian's Avatar
    Quote Originally Posted by Optionguy View Post
    When I trade Forex market I know the key points that I need. If I see direction and I plan where to place my stop I can be calm, because I speculate that in a matter of a day or two or a week my target will be reached and if it is not my stop loss will protect me. Now, in options even if you see direction, it seems to me you have to develop a skill for timing. Touch or no touch, in or out require your ability to define time specifically. That seems difficult to me. The target can be reached within one hour or only within the week. What do you think about the timing in options?
    Hi Optionguy,

    You are right the timing is really very important for options traders. However there are some simplifications that are helping binary options traders as compared to forex traders. You don’t have to think about stop loss, where and how to place it. You don’t have to think when to take your profit or when to not take it. Everything you need to think about is when to place the binary option and what type to be call or put, so it is much simpler than forex, but you are right here the timing is everything. We are not interested in the magnitude of the next move only its duration and direction. If you are interested in this specific kind of trading follow the threads by our more experienced fellows and you will soon realize how easy it is too trade binary options

  3. #3
    Veteran Member Optionguy's Avatar
    Thanks for the reply dorrian. I am just doing that. Looking at some threads with examples of trades. The basic idea is kind of clear, but how to do analysis and make predictions is not yet.

  4. #4
    Specialist Member LesterK's Avatar
    Making predictions what will happen is not the most important, the most important is to measure or to understand the market sentiment and current conditions – are they trending or ranging! If you succeed in this it will be much easier to spot the moments when to enter. Sometimes they are really obvious. Keep learning from CommuniTraders and don’t forget to ask whenever you need help!

  5. #5
    Rookie Member
    I have just started trading a week ago. I have no idea how to trade but I decided to use some of the tips that I found on youtube. I am currently using Optimarkets platform. I am not sure if I will be able to withdraw my money from them as I have read very bad reviews about that when it comes to them but I decided to test 2 services that I joined to send me daily signals on what to trade on. The results have been great. Starting with 0.5% of the capital and doubling it when ever a signal losses. Since nothing is guaranteed I started searching for a different method. I found another video on youtube that got my interest and I wanted your expert opinion on it. I did modify the idea that I saw as his method was not working all the time. The advice was to do the method over 15-30 min while doubling 4 times. I will explain below what it is and how I modified it.

    The idea is to see in which direction the market is going and then place a bid in a call or a put depending on the direction. Then to place an expiry time that is 15-30 min away. Then as the bids drop down to a previous bottom or up to a previous top level I am then suppose to place a bid that is a bit more than double to make sure that there is a profit each time. This is suppose to be done up to 4 times.

    I am thinking to do this over 1 or 2hrs and up to 7 times of doubling. Is this a safe plan?

    Here is the original video.

    http://www.youtube.com/watch?v=yTBF13WD_b0
    Last edited by Johncoool; 03-06-2014 at 07:04 AM.

  6. #6
    Senior Member Deanfx's Avatar
    Hi Johncool! To answer your last question -Your idea is not that great and it is not safe at all. You will be surprised to see how often you will hit 4 losers in a row or even 7 if you trade enough time. It is great you selected to start with 0.5% risk but if you double it 7 times it will become 64% risk per trade. Probably there is no need to explain you what will happen if the seventh trade in a row is again loser – you will remain with only 36% of your initial account. I have to say that every time you start to use Martingale with more than 2 or 3 time multiplying your bets you will lose your account. If you are such an enthusiastic newbie better to learn from our Binary Options School and follow the trades of our fellow traders here. Don’t rely on your broker signals, because they are eager to replace your money into their pocket Welcome to the Club Johncool! Whenever you have a question ask it, that’s the best advice I can give you

  7. #7
    Specialist Member runneroption's Avatar
    I am also against Martingale trading - too much risk involved with so little benefit. If you have really really great strategy martingale can push your trading results but the price will be always paid sooner or later.

  8. #8
    Master Member SeasaltMcFish's Avatar

  9. #9
    Active Member
    Is it all about timing? Everything is - but investing is fundamentally about managing loss more than anything else and 100 times over anything else. Timing is very important, but there's not time for someone who has no money.

  10. #10
    Specialist Member runneroption's Avatar
    I will agree with you. Not everything is timing. Timing is important if you make all other stuff around and prepare good strategy and good money management. Than timing will help you to make good profits, but it is not the first think to deal with.

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