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Thread: Yes or not?

  1. #1
    Junior Member smoki's Avatar

    Question Yes or not? !!!

    A simple question my friends.

    Is there someone living binary options, that makes this activity a salary?
    It is said that it is impossible for the following reasons:

    1- In the long run, the broker always wins
    2- They get changed prices of opening and closing
    3- If the bill becomes large or if they notice you earn too much, make it difficult withdrawals or "freeze" accounts.

    Thanks friends

  2. #2
    Specialist Member LesterK's Avatar
    There are very reputable binary brokers that will pay your profits even if they are significant. Of course they won�t like it but they will pay you because their reputation and good name are much more important than few thousand dollars. This is on your 3th point. On first one � that brokers always wins. That is true but they always win on their entire client base. If they have a 10 thousand clients and 9900 of them are losing money why not giving honestly profits on good traders.
    And finally on your second point � I can not agree, yes there are brokers dishonestly changing prices but there are brokers that are exact too.

    If the above points are enough to make a living out of binary options trading I can not say, but if you are good at trading and calculating probabilities why not? There are traders that earn considerable amounts of money so why not trading BO for a living? The question remain open

  3. #3
    Legendry Member Okane's Avatar
    Quote Originally Posted by smoki View Post
    A simple question my friends.

    Is there someone living binary options, that makes this activity a salary?
    It is said that it is impossible for the following reasons:

    1- In the long run, the broker always wins
    2- They get changed prices of opening and closing
    3- If the bill becomes large or if they notice you earn too much, make it difficult withdrawals or "freeze" accounts.

    Thanks friends
    From what I've heard and read most of which in this very forum, the traders that get their accounts
    closed or get their prices manipulated are the ones that are trading very large sums.
    For example one trader used to deposit only 2-3K and make up to 30-50K in just a month
    and thus got his prices manipulated. However, I don't think if you have a big account
    like 40K and only trade small sums they'll try to mess with you.
    That is why I myself only trade small sums much lower than 3% of my account. I don't go from 3000 to 30 000 in one month
    so the broker doesn't have to worry. Anyway, I understand you are worried, I am worried too but I think worse case
    scenario they will lower my payouts and start charging for my withdrawals...

  4. #4
    Legendry Member Okane's Avatar
    By the way, I think you should take a look at this thread too about
    traders living off of trading:

    http://forums.binaryoptionsthatsuck....itable-traders!

  5. #5
    Junior Member smoki's Avatar
    Thanks very useful answers. I asked this because in the forums of my country (Italy), all say that it is impossible for the reasons I listed. Maybe they do not know anyone?
    I like to think of it as you and that 2000 \ $ 3000 a month in profits will not do anything to an honest broker, because the 95% loses.
    Thanks answers brothers and tahnks Okane for the link

  6. #6
    Legendry Member Okane's Avatar
    Quote Originally Posted by smoki View Post
    Thanks very useful answers. I asked this because in the forums of my country (Italy), all say that it is impossible for the reasons I listed. Maybe they do not know anyone?
    I like to think of it as you and that 2000 \ $ 3000 a month in profits will not do anything to an honest broker, because the 95% loses.
    Thanks answers brothers and tahnks Okane for the link
    No problem, always happy to help . Let me know if you have any more questions!

  7. #7
    Junior Member smoki's Avatar
    Wonderful thread Okane!
    I read that almost all those who are in profit, do other work.
    I'm unemployed (there is a lot of crisis in Italy as in other European countries), and perhaps it is more difficult psychologically. When you have a source of income "safe" like the work, you are more free mentally. But I do not want to discourage

  8. #8
    Legendry Member Okane's Avatar
    Thank you!
    Yes, it's good to have a side-business or at least
    a part time job that at least pays your rent and puts
    some food on the the table just in case.
    But then again, binary trading is still new. I think we will
    see more and more full time binary traders in the near future and I'm aiming to
    be one among them hehe...

  9. #9
    Junior Member smoki's Avatar
    Me too

  10. #10
    Active Member
    From what I've heard and read most of which in this very forum, the traders that get their accounts
    closed or get their prices manipulated are the ones that are trading very large sums.
    For example one trader used to deposit only 2-3K and make up to 30-50K in just a month
    and thus got his prices manipulated. However, I don't think if you have a big account
    like 40K and only trade small sums they'll try to mess with you.
    You hit the nail on the head.
    While not all brokers will necessarily manipulate your price but they will start adding restriction to you account like limiting you trades sizes. I know for instance Alpari if you start with a small account and reach $10000 your trades size gets limited to $150 from $2000. Its their way of risk management.
    That is why I myself only trade small sums much lower than 3% of my account. I don't go from 3000 to 30 000 in one month
    so the broker doesn't have to worry. Anyway, I understand you are worried, I am worried too but I think worse case
    scenario they will lower my payouts and start charging for my withdrawals...

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