Can anyone help coach me on binary options trading?

I am new to binary options trading and very much interested in making profit, can anyone coach me on how to trade in binary options especially when using 60 seconds? How do I read bollinger band – one minute charts in Metatrader 4 or how do I use etoro to read boilinger band – one minute charts? My broker is “24option” if that helps.

Best reply by Jerry:

Binary options are a scam by taking advantage of those too stupid or lazy to do basic math. The odds are unbeatable.

Win: 70%
Lose: 100%

Expected return each trade = .5 * 70 – .5 * 100 = -15%

Some sites skew the practice programs so you are more likely to win, leading to overconfidence, then you get destroyed by horrible odds when trading real money.

Ever read the terms for the 50% or 100% signon bonuses? Once you trade 20x your initial investment at such horrible odds, they know they’ll have all your money.

At the very least, check out any site with regulatory agencies: SEC and CFTC for US, FCA for UK investors.

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Can anyone help coach me on binary options trading?

Published on December 30, 2013
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3 Responses to Can anyone help coach me on binary options trading?

  1. David says:

    Wow, another newbie focused on profits has found another way to gamble.

    They are also called all-or-nothing options for a reason.

    Just go to the casino and have a little fun losing your money.

    A successful trader/investor is looking for (should be looking for) low risk trades with a high probability of success and good liquidity. You are ignoring the most basic foundational principles of trading and investing, and are instead ignorantly rolling the dice.

  2. Brady says:

    binary options are a SCAM. do not touch them. its gambling and the odds are not in your favor

  3. tur says:

    Like i see you are interested to be binary options broker..all about that and a lot of useful information you can check at http://www.best-binary-options-brokers.com/

    For sure you will find a lot of useful information.