Page 1 of 2 12 LastLast
Results 1 to 10 of 12
  1. #1
    Rookie Member gkb100's Avatar

    Can spot forex signals be traded in binary and how? !!!

    Morning group, I've been quiet on these forums and skype group but rest assured I've been reading most of your comments to pick up knowledge wherever I can. I'm a newbie and don't feel I've go much to contribute at the moment. I belong to a whattsapp investment group, it's just a small group of close friends who discuss trading and other investment ideas. Most of us in the group are relatively new to trading but, there's a handful who have years of experience. We have one active member who regularly gives us spot forex tips, at least 4 or 5 a day. I've probably acted on his tips maybe twice now and it has been successful. Others in the group regularly follow his tips and have had great success with them. This member uses H4 and day timeframes to make his prediction. My question is this: is it possible to convert his signals meant for normal forex trading into good binary trades? If so how would one go about doing that? here's an example of what he sent today at 09.17 gmt: AUD/CHF - SELL - ENTRY PRICE: 0.7150 / TARGET PRICE: 0.7070 / STOP LOSS: 0.7210 / RISK RATIO: 1:2
    Last edited by gkb100; 03-01-2016 at 07:14 PM.

  2. #2
    Master Member Bogdan G's Avatar
    Why do you scream at us?
    As for your question, I believe it would be better if you would ask the forex guy you mentioned.
    Insanity: doing the same thing over and over again and expecting different results. Albert Einstein (attributed)

  3. #3
    Solid Member Daniel Rea's Avatar
    I agree with Bogdan - in both regards - That hurt my eyes

  4. #4
    Rookie Member gkb100's Avatar
    Sorry, the large font size was an accident. As for asking the forex guy, he doesn't know much about binary options. I thought this would be a good question for Binary guys simply because you use the same charts to do your analysis and predicting expiry. As you know, normal forex is about predicting trend and direction. Binary does the same but we also have to anticipate expiry which I think is an additional skill that forex guys don't have or don't need

  5. #5
    Solid Member Daniel Rea's Avatar
    Correct - That is why Bogdan recommended talking to him as we have no idea what strategy he is using so we dont know how to predict what expiry will be. I cant stress enough that there are some amazing strategies in these forums. Learn how they work and invest time in them. Learn when and how to trade them and what ones feel comfortable with you. This will earn you more money in the long run than trying to copy trades from forex into binary options.

  6. #6
    Rookie Member gkb100's Avatar
    Thanks Daniel. I will continue to look at the many strategies posted in this forum.

  7. #7
    Legendry Member Okane's Avatar
    Quote Originally Posted by gkb100 View Post
    Sorry, the large font size was an accident. As for asking the forex guy, he doesn't know much about binary options. I thought this would be a good question for Binary guys simply because you use the same charts to do your analysis and predicting expiry. As you know, normal forex is about predicting trend and direction. Binary does the same but we also have to anticipate expiry which I think is an additional skill that forex guys don't have or don't need
    Hey, please edit your first post and change the size so we all can read it. Thanks!
    Live Webinar: Hidden Content
    Join My Skype Group: Hidden Content

  8. #8
    Legendry Member Michael Hodges's Avatar
    yeah, those signals could be used but what you need to know to choose expiry is how soon that move is expected, what charts are being used to make the signals. If its one minute charts expiry will be different than if it is one hour charts.

    once you know that these articles can help you with your expiry choice.

    http://www.binaryoptionsthatsuck.com...d-what-to-use/

    http://www.binaryoptionsthatsuck.com...-the-pros-way/

    http://www.binaryoptionsthatsuck.com...ptions-expiry/

  9. #9
    Rookie Member gkb100's Avatar
    Quote Originally Posted by Okane View Post
    Hey, please edit your first post and change the size so we all can read it. Thanks!
    Font size changed

  10. #10
    Rookie Member gkb100's Avatar
    Quote Originally Posted by Michael Hodges View Post
    yeah, those signals could be used but what you need to know to choose expiry is how soon that move is expected, what charts are being used to make the signals. If its one minute charts expiry will be different than if it is one hour charts.

    once you know that these articles can help you with your expiry choice.

    http://www.binaryoptionsthatsuck.com...d-what-to-use/

    http://www.binaryoptionsthatsuck.com...-the-pros-way/

    http://www.binaryoptionsthatsuck.com...ptions-expiry/
    Thanks Michael, I will check out those links. By the way, he uses mainly H4 charts. So what does that tell us about the right expiry in BO????

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
3