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  1. #1
    Active Member gooney's Avatar

    Is it really possible to make money from Binary Options? !!!

    People say so many things online and it is almost impossible to believe anyone online...I hear about people on forums making money off the 60 sec which to me is way too volatile to predict accurate movements with so much 'noise'. I struggle to believe it, but i am curious to hear what you all have to say Thanks.

  2. #2
    Rookie Member bodsignals2's Avatar
    I am trading binary since years and i remarked that people speaking about bin on the web are dramatically increasing but few interesting thinks are available.

    My hint bet on long term or use an EA for the short term to eliminate emotion.

  3. #3
    Moderator Kolyo's Avatar
    Like all other forms of trading binary options can also be profitable, even more profitable than spot trading, but of course it needs a lot of practice, training and patience to learn how to trade well. Long term trading is easier but it need to be very patient. I am trading weekly trades and also short term, but with very different strategies. Noise is very big in short term 1-5 min, but if you are trained to find S/R levels and react quickly can also be profitable. I know very few people that can do it consistently and brokers don't like them, because they are pooling lots of money
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

  4. #4
    Legendry Member Okane's Avatar
    Quote Originally Posted by gooney View Post
    People say so many things online and it is almost impossible to believe anyone online...I hear about people on forums making money off the 60 sec which to me is way too volatile to predict accurate movements with so much 'noise'. I struggle to believe it, but i am curious to hear what you all have to say Thanks.
    Hey.
    Truth is most of them are just lying.
    But if you look at the pros here you will see there is a difference.
    Their knowledge and experiences are huge and they do make correct analysis.
    So it is obvious they make money. As for myself, I withdraw every month (about 15-30% ROI)
    so yes it is possible.
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  5. #5
    Legendry Member Okane's Avatar
    Here you go, I just requested a withdrawal just for you :P

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  6. #6
    Junior Member Alpha's Avatar
    Quote Originally Posted by Kolyo View Post
    I know very few people that can do it consistently and brokers don't like them, because they are pooling lots of money
    From what you've heard, how much can a trader regularly withdraw from a BO broker before they are kicked out? Do you know of people taking out $3K per month for at least 6 months?

    A recent magnates article suggested that the average lifetime value of a BO client is $3K, so if for example you pull out $30K, that's like taking 10 clients from the broker (since they play against clients).

  7. #7
    Active Member gooney's Avatar
    Quote Originally Posted by Okane View Post
    Hey.
    Truth is most of them are just lying.
    But if you look at the pros here you will see there is a difference.
    Their knowledge and experiences are huge and they do make correct analysis.
    So it is obvious they make money. As for myself, I withdraw every month (about 15-30% ROI)
    so yes it is possible.

    And your broker does not have a problem with that? Withdrawing so often? Do you use short term or long term trading strategies to do that well? Well done to you though.

  8. #8
    Specialist Member protrader's Avatar
    It is very much possible to make consistent profit, but you must use brokers that offer 95% payout or higher, that would increase you chances to succeed substantially.
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  9. #9
    Legendry Member Okane's Avatar
    Quote Originally Posted by gooney View Post
    And your broker does not have a problem with that? Withdrawing so often? Do you use short term or long term trading strategies to do that well? Well done to you though.
    I use their regular "high and low" options, 10-20 min expiries so it isn't considered to be short term
    on their platform. Short term is 30 sec up to 5 mins on their platform.
    No I usually have the money within 10 business days.
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  10. #10
    Veteran Member randy1953's Avatar
    Well not only is it possible to make good money I'm doing it and so far it's working well. Also believe it or not all my trading is done on 60 second trades. I have over a 70% success rate. I been trading only a short time. I just went to my broker and did the math. I traded in the last 3 week 77 60 second trades I won 55 and lost 22. I have my own system so it's not just luck at all. I'm also getting better at reducing the losses. As a matter of fact I find 60 second trades to be the least risky for me than the other longer trades. Of course you need to know what you are doing and your entry point into the trade will win or loose it for you. I only trade one currency that I have found to work the best with my stragtery. If Martin gets my platform fixed so I am actually linked to my broker all my trades will be here to see.

    I was thinking of opening a Nadex account but the shortest trade they have on currency is 5 mins and that will not work with my system.

    My big problem now is finding a decent broker that I can trust that has 60 second trading.

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