Trading Binary Options vs Betting on Sports - which is more profitable

This is a copy/paste from phixers thread.

I have the same questions. 

In your sports thread everybody has to give a reason for a pick...can we do the same here? 

Or is this thread just about your signals and not to teach us how to do it ourselves?

Then go to markets I expect the certain things to happen based on DMR's. Then I see how the trade is running using charts with tools available to analyse and predict the movement up or down based on support and resistance indicators, trend etc. 

Before you ask me to teach you - you have to learn the terminology, attend optionrally webinar like the one today free online. Then you have to check my previous trades. Try to use netdania.com for most comprehensive analysis and charts - up to date and historical. It takes time to learn and I can not learn it for you.

GL and ask me more detailed questions and I will ellaborate. Sometimes next week I will try to organize some general teachings as in Sports how to trade. But to know what is trade - you have to make some effort and learn the basics.

approved

PUT on USD/CAD for 1000$ Expiry at 13:30 (1:30 EST) in another 25 minutes

WIN    +710$

Thanks for the answer.. well I've been learning about binaries for the past week, I am just wondering if you are going with the basic strategies that are described in the "Education" part of Optionrally (like support and resistance, trends etc..) or do you also have an alternative that we don't know of. 

Lets have a practical example to see if I'm getting it right? 

I live in Europe and by the 12.00 CET lets say that Italy's election results were announced. The outcome is economically negative, due to long establishing of the gov.... So that would mean that EUR/$ would go down... And by the time you guys get up and running ( at 14.00 CET ) I already know this, while you are still reading it right ? When I read this kind of things before you, do I pound the PUT on EUR/$ or do I wait to see what you guys(american investors) 'think' of the news ? Or do I lean towards the PUT, but only pound it when (technical analysis) graphs show me to ? And my biggest issue is how do you guys determine expiry ? How do you decide to make it an Hour, or by the end of the day option ? 

again i'm really thankful for your answers 

Using generally available information can only be really profitable if you're among the first ones to get to know it and use it. Once it is already traded in big volumes by a public based on general info - you really have to know what would be the best entrance and exit times. Or position and expiry. If you think that the trend is long going - you choose long expiry times. I use all of the info avaoilable but analyse it with historical stats if they can be found and compared. I also use some advice from brokers at optionrally to determine if my reading the map is also not mistaken. Generally speaking I have yet to identify longer than the end of the day trend and follow it with big money. That happens from time to time but since I am doing well with short terms I see no reason to risk long term. But that will come too in an appropriate times. I like to simplify more than complicate this and therefore trending and using Support/Resistance indicators are working fine for me

All the factors together with thye weight given to time factor and geographical source in conjunction with time factor of that particular region. You see, if it was just 1+1=2, the business would not exist. You will learn with time nfirst tailing those who know and win and then after a learning process is complete - gradually and carefully yourself. Same thing we did in sports thread on nba - at the beginning there was no methodology or system but today - almost everybody's on the same page. Here as well self restraint and discipline is an important factor besides knowing markets. If it was only one particular factor to be taken into account - all the brokers would be millionaires and there would be nothing left for us. We have to use our sports experience in handicapping by applying righht tools to here.

641880

$ 1000

OIL

11:28 12/03/13

92.6827

12:00 12/03/13

93.1700

$ 1730

Win  +730$

I have long been a spectator watching from the sideline. I think it is time I take off the pom-poms and suit up to join your team. I will send you a friend request and look forward to your continued success. 

Thanks. Your friend request has been accepted.