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  1. #1
    Junior Member Ahmad's Avatar

    smile 3 Let's discuss this !!!

    https://www.youtube.com/watch?v=iD8ENLANmmI


    Those who plan to invest big amount of money and make a living to binary option should watch this.
    Since last year i've been asking few traders in this community about how much money to they make from binary option,how much do they invest,how often the withdrawal/ how big was the withdrawal, i even ask some people who has years experience in trading,he's telling me the truth about binary.they are some good broker not many and i won't mention them because all of them are bucketshop. I've seen many problem with binary option who are unable to pay big profits. I've been asking dozen broker about liquidity provider most of them don't know now what is "liquidity provider", in fact there's 1 broker who told me the truth about their business and i put my money with them. IM not discourage you people but get yourself knowledge about how Broker doing their business.

    Cheers

  2. #2
    Junior Member Who Knows's Avatar
    I am new to the industry but I would guess that what he is saying is true. I think everyone pretty much new that anyway. Brokers make money from the people that lose. So clearly there are more people losing and spending money than there are people winning. Thats another reason you should withdraw as often as possible because it all does come to an end then atleast you have only lost the amount left in your account and hopefully that is not a lot if you have been withdrawing most of your profits.

    To be fair I would love to here from anyone that isn't an affiliate that manages to earn money from trading and withdraw large sums of money from their broker regularly.
    Last edited by Who Knows; 01-20-2015 at 04:34 AM.

  3. #3
    Administrator Martin Kay's Avatar
    Pfffff the spirit of an holy god runs his body... sounds like he's "repenting". (: The problem with binary options is that there's no Cinderella story. There's no Phil Ivy, Mr. Joe Doe from Alabama who won the lottery, or Forex giants in this industry. Im waiting for the day we'll hear "StockPair/24/bancdebinary/whateveroption hands $1M to Ms. Sunshine from Cardiff". and the woman is on our monitor, real story, real people, real winner takes the money like Phil Ivy did in Poker, and we all joined the online poker rooms. Until that happens, we just can't even expect high profits. We might make $50 there and $250 here (for those who are not willing to risk with more than $1000, like me), but the simple fact is "they" told us we're going to be millionaires. Well, we're not there yet. There are people who taking advantage of this chaos, but as Mike said, binary options are very much like casinos. It's you against the house, but the problem is sometimes the house don't want you to win... that's what needs a change, but let's no fool ourselves to believe binary options are going to become like Forex, with exchanges and Trillion dollar liquidity providers, cause it's not happening. It's a mixed of real trading (or speculation) and (binary) gambling. That's why we need Cinderella. but we don't need people like Mike going through confession.
    “Don't believe anything you read on the net. Except this. Well, including this, I suppose.” ― Douglas Adams

  4. #4
    Junior Member Who Knows's Avatar
    Quote Originally Posted by Martin Kay View Post
    Pfffff the spirit of an holy god runs his body... sounds like he's "repenting". (: The problem with binary options is that there's no Cinderella story. There's no Phil Ivy, Mr. Joe Doe from Alabama who won the lottery, or Forex giants in this industry. Im waiting for the day we'll hear "StockPair/24/bancdebinary/whateveroption hands $1M to Ms. Sunshine from Cardiff". and the woman is on our monitor, real story, real people, real winner takes the money like Phil Ivy did in Poker, and we all joined the online poker rooms. Until that happens, we just can't even expect high profits. We might make $50 there and $250 here (for those who are not willing to risk with more than $1000, like me), but the simple fact is "they" told us we're going to be millionaires. Well, we're not there yet. There are people who taking advantage of this chaos, but as Mike said, binary options are very much like casinos. It's you against the house, but the problem is sometimes the house don't want you to win... that's what needs a change, but let's no fool ourselves to believe binary options are going to become like Forex, with exchanges and Trillion dollar liquidity providers, cause it's not happening. It's a mixed of real trading (or speculation) and (binary) gambling. That's why we need Cinderella. but we don't need people like Mike going through confession.
    Exactly. Yep it was a bit of a repenting confession session for him wasn't it, trying to rid himself of the guilt he probably feels lol.

    On the Cinderella story, yea where is it, does anyone know of someone that has taken large amounts out of a broker like over 100k?

    I know of one person who has earned several hundreds of thousands from Binary Options trading and has withdrawn amounts over 200k from a broker. But at the same time I know this person is an affiliate who is bring many customer to the brokers so of course they are going to pay him out, if they didn't they would lose him and all the customers hes referred.

  5. #5
    Moderator Kolyo's Avatar
    Binaries of course won’t get that big like forex industry with trillions of daily turnover but they are already huge and will grow exponentially. I think more and more people are interested in participation in financial markets and binaries are the easiest and less risky way to participate. I don’t say the most profitable but it is really more controllable and with good knowledge of the market it can make a decent profits. I know few guys who are living from a mix of forex and binary trading. They are really very few but exist I won’t doubt this. So I can not share anybody dark perspective on binaries because they are not true at all. We already see and will see in the future much more dynamic in the binary marketplaces.
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

  6. #6
    Solid Member pinoytrader17's Avatar
    as for my opinion its really doesnt matter if we trade against the broker. as long as the broker pays every withdrawal you request and dont play with the prices of an asset. in casino you are blindly betting your money and most of the time you lose. only luck is your key to win in that case but you will lose more than u make. in BO if you establish discipline, money management, and proper risk control, we will be profitable over time. that,s why we have fundamental analysis ,technical analysis. to have reasons why we enter a particular trade. and to have an educational speculation where an asset would go. and the casino dont work that way. but if trade BO just to gamble. its another story i guess.
    so my question now what's the difference between exchanges like nadex and forex and those in BO if you can withdraw your money in BO exactly the same as those two? afterall the most important part in trading BO should be your withdrawal and broker should not play tricks with the assets prices. so the only solution i guess is strict regulation from government institution and reliable regulating bodies so that scams in this industry would completely gone. and we will be happy if that would happen

  7. #7
    Active Member random's Avatar
    The person in the video is a known scam artist. Now that he's been exposed and the cash from his pathetic affiliate scams is drying up, he's become all high and mighty 'exposing' what is pretty obvious to anyone who has made any money from BO.

    'They don't want you to win!'

    Well, duh!

    And yet he's been quite happy clinging on like a limpet and feeding off the brokers entrails for the past few years.

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