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  1. #1
    Veteran Member randy1953's Avatar

    The future of a short term trader with Binary Options? !!!

    I was thinking about this last night concerning 60 sec trading and short term trading up to 5 mins and having a broker that will allow you to win as long as you are a honest trader.

    Some of you may have seen the movie 21. It's the true story about a group of very smart collage students that discovered card counting playing BlackJack aka the game 21. They did not cheat, however what they did do was count the cards. I know such a player he's a card counter. Now this system works much better when you have a group of card counters but it can work with only one.
    Basically how it works is this the player counts or remembers every card in the deck that has been shown they do this not only with single decks but double decks etc just means the game goes longer and more cards to remember. Ok so in the beginning the player will win and lose just like any other player does but when the deck becomes smaller meaning less cards to draw the card counter knows exactly what cards are left which gives him a huge advantage over the dealer. Now during this time the player increases in a big way his bets instead of betting maybe $100 on a game he bets in the $1000 dollar range and more. He knows exactly what the new odds now are because he knows what cards are left in the deck therefore he will win and walk away with thousands of dollars in profits.
    So what is the Casino position on this? even though they are not cheating at all the player gets blacklisted from playing, they simply don't let him play anymore.

    Ok now lets transfer this to a 60 sec trader in binary Options. what will the broker do when you are winning 75-85% of the time. Well most brokers the bad ones with mess with your price just enough so you are off a point or 2 and lose but what about a good broker for example Ayrex. I wonder would they let you continue to play and make profits> Maybe they would just close your account give you your money and that would be it. Honestly I think all the brokers good ones and bad ones would do something to stop you from winning so where does that leave a good trader that trades to make a living? Maybe the key is to use a few good brokers never win to big and use different ones from time to time? I really don't know the answer to this and welcome your feedback.

    We have a very good short term trader here his username is Random I hope he can also add to this discussion. My point is simple what good really does it do to finally get your skill level up to a point where you are always making profits and not being able to trade anymore?

    Though I titled this about the short-Term trader this also applies to any kind of trader that is always winning more than losing and stays in profits.
    Thanks and Happy Holidays to All
    Randy

    PS I also wanted to add to this never ever use robots or auto traders they are all scams. Do you really believe any broker even the best ones would allow you to win in the thousands of dollars everyday with software they approve? Of course they won't as a matter of true fact in the terms and conditions of every single broker they have a condition that if you use any kind of software that is not approved by the broker you will not get your winnings and why do they do this. The answer is so simple even a not so smart person should know. To get software approved the broker has to give it's Ok. To get the broker to sign off and say it's OK the software has to prove to the broker is will lose more money than win! So you see these are all scams never trust any broker that allows 3rd party auto trading software on their platform they are scams and should be avoided at all costs.
    Last edited by randy1953; 12-17-2015 at 04:58 PM.

  2. Thanks Okane thanked this post
  3. #2
    Legendry Member Okane's Avatar
    That's a good question.
    I think just like you said, one should spread his deposit with multiple brokers and make
    small wins per broker instead of one giant withdrawal with just one broker.
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  4. #3
    Veteran Member randy1953's Avatar
    Quote Originally Posted by Okane View Post
    That's a good question.
    I think just like you said, one should spread his deposit with multiple brokers and make
    small wins per broker instead of one giant withdrawal with just one broker.
    Thanks I guess I am wondering if a good broker such as StockPair would let a trader to continue to trade if the trader is always in profits at the end of the day. It's clear to me that if any broker had more winners than losers they could not continue to be a broker. Of course we know that this is never the case that there will always be many more losers than winners for many reasons. I will just sleep a lot better knowing I can continue to win with a broker and not have the fear my account will be closed because I am winning most of the time.

  5. #4
    Administrator Martin Kay's Avatar
    well, a good broker should understand the casino rules. Assuming binary options trading is a lot like playing roulette, with minor differences (less returns to the player, but the player has the edge over the house. so I guess it's a tie), everybody's got a chance to win. But if the broker respects the casino rules, it should know that most traders/gamblers would eventually lose money, and a very few would make living out of it. If they don't respect that rule, they'll prevent every player from making money continuously. Now assuming you have some smart way to cheat the house, you might as well try. Im pretty sure there are card counters our there, and other sort of cheater who never get busted. A fair broker who respects the casino rules would let a good player win, but will try to enforce and prevent cheaters from winning. I welcome you to try and cheat the house, but do it smart, use a few brokers like Randy said, stay under the radar, and lose some hands just to make sure you're still under the radar.
    “Don't believe anything you read on the net. Except this. Well, including this, I suppose.” ― Douglas Adams

  6. #5
    Legendry Member Michael Hodges's Avatar
    What way could there be to cheat the house other than to try and manipulate the website? I mean, you can't hide a trade up your sleeve the way you can a card, and there is no way to pass signals under the table, or cards to count. I'd be careful trying to cheat, they'll probably find you really fast, and who knows how they might treat you if they decide to prosecute? I don't think it outside the realm of possibility for a regulated broker to do that with traders within the respective jurisdiction.

  7. #6
    Veteran Member randy1953's Avatar
    Quote Originally Posted by Michael Hodges View Post
    What way could there be to cheat the house other than to try and manipulate the website? I mean, you can't hide a trade up your sleeve the way you can a card, and there is no way to pass signals under the table, or cards to count. I'd be careful trying to cheat, they'll probably find you really fast, and who knows how they might treat you if they decide to prosecute? I don't think it outside the realm of possibility for a regulated broker to do that with traders within the respective jurisdiction.
    Most likely they would just cancel your trades but remember that trader we had on here and was trading 60 secs with Ayrex? He found a time bug in pricing in their platform. the guy began with $10 and was up to I don't really remember maybe over $30,000!
    Ayrex caught it and actually did give the guy something like $600 before they caught their problem. then the guy goes on and on how the broker cheated him. Now this story is a bit different as the broker had a problem with the price feed but still it was cheating.

    I forget the name but there are actual companies out there that have programs set up to find such issues with brokers and exploit them.
    The bottom line if you win almost all the time the broker will think you are cheating somehow. He may never be able to prove it but will the broker be a stand up guy and give you your winnings and continue to let you win esp if you are a short term trader?

    If you are a long term trader and win all the time but only do a few much larger trades in a week you may just stay under the radar. The problem I see with Binary Options is most folks in the Forex trading community and other traders such as stocks etc all think Binary Options is just gambling. so if you win all the time you must be a cheat this is what they think.

  8. #7
    Master Member SeasaltMcFish's Avatar
    @farhan: Please don't spam someones thread!

  9. #8
    Master Member SeasaltMcFish's Avatar
    We see something like this happening in the poker world right now.

    Good regulars (sharks) win a lot of money by hunting the recreational players (fish). Finally it became clear that the fish was staying away because they lost their money too fast. Even fish will stay away if they see they are burning money.

    Now the poker rooms started to scare off the 'sharks' by making it harder for them to find and recognize the fish. They change loyalty programs, make HUD's impossible or simplify them and they allow players to change their screen name etc....

    This hurts the regular, but is also meant to keep the industry running. It's a choice, not scamming. A way to keep the fish alive and allowing them to bring in new money. Good regulars only take money out of the industry.

    Brokers have ways to compensate losses too, like lowering payout or using a fee for withdrawals. A good broker will not start blocking accounts without a good reason, even when winning. They might however lower trade size or payout, although it might scare off the big players (the sharks).

    Crooked brokers simply cheat you for your money, take it and run away.

    Let's hope the honest brokers will survive and the cheaters will be crushed.

  10. #9
    Active Member
    When I was with stokpair (before they bumped me for being a US trader) I had a pretty good win rate using 1 min charts with 2 to 5 min expiries. I played to win 3 trades and called it a day, everyday 5 days a week. I had losses but once I got 3 wins I quit unless I got 3 loss then I quit.
    I am not sure what you mean by big wins but I pulled 2 to 3 thousand a month for about a year and a half and never noticed any problem with my pricing or closing. I was never blocked from trading and always receive my money.
    I am with boss capital since being closed out of stockpair and they have also been good about payouts and no delay in orders or pricing, other than always being pushed to let them trade or putting more in my account,(which I do not do) they have also been good.
    My rip off broker was Banc de binary, they manipulated pricing delayed orders and never returned my balance after being bumped when they received regulation.
    My trades are usually 100 each so I am not in the 30,000 payout class but at 2-3 thousand I have not noticed any problems.

  11. #10
    Banned Bradhaddin's Avatar
    Short-term trading can be very lucrative, but also risky. It can last for as little as a few minutes to as long as several days. To succeed at this strategy, traders must understand the risks and the rewards of each trade. They must not only know how to spot good short-term opportunities, but also must be able to protect themselves from unforeseen events. In this article, we'll examine the basics of spotting good short-term trades and show you how to profit from them.

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