Posted:
#301
those were the wins
Trading Binary Options vs Betting on Sports - which is more profitable
Posted:
#318
Hey mavin, been a long time fan of yours. like what your doing here in trying to help everyone. I'm just not sold on this whole trading binary options. Dont get me wrong not trying to come in here and bash on the whole idea or you. Just dont believe you can consistently predict what a stock or commodity will do within a short time frame, no one, no matter how knowledgeable the person is can predict it.
Predicting whether Apple (aapl) shares will go up or down in the next 10 minutes, 30 minutes, or even 24 hours? Unless there has just been some major announcement from the company, there is no way to even guess at that.
Dont get it twisted the house definitely has an edge. Each wed site is different but most or runned the same. Particular Web site pays $71 for each successful $100 “trade.” If you lose, you get back $15. Let’s say you make 1,000 “trades” and win 545 of them. Your profit is $38,695. But your 455 losses will cost you $38,675. In other words, you must win 54.5% of the time just to break even.
Finally, these Web sites are unregulated. No securities commission is protecting people’s interests. This is a financial Wild West.
If people want to gamble, that’s their choice. But let’s not confuse that with investing. Binary options are a crapshoot, pure and simple.
Again i wish you the best of luck, but i believe you have a better chance at sports investing then binary options. Just my two cents, take it for whats its worth.
Posted:
#319
Quote Originally Posted by skaf23:
Hey mavin, been a long time fan of yours. like what your doing here in trying to help everyone. I'm just not sold on this whole trading binary options. Dont get me wrong not trying to come in here and bash on the whole idea or you. Just dont believe you can consistently predict what a stock or commodity will do within a short time frame, no one, no matter how knowledgeable the person is can predict it.
Predicting whether Apple (aapl) shares will go up or down in the next 10 minutes, 30 minutes, or even 24 hours? Unless there has just been some major announcement from the company, there is no way to even guess at that.
Dont get it twisted the house definitely has an edge. Each wed site is different but most or runned the same. Particular Web site pays $71 for each successful $100 “trade.” If you lose, you get back $15. Let’s say you make 1,000 “trades” and win 545 of them. Your profit is $38,695. But your 455 losses will cost you $38,675. In other words, you must win 54.5% of the time just to break even.
Finally, these Web sites are unregulated. No securities commission is protecting people’s interests. This is a financial Wild West.
If people want to gamble, that’s their choice. But let’s not confuse that with investing. Binary options are a crapshoot, pure and simple.
Again i wish you the best of luck, but i believe you have a better chance at sports investing then binary options. Just my two cents, take it for whats its worth.
I am actually for those well opinionated responses as yours. If you read the thread in whole - you'd notice that I only recommend to trade using knowledge and following certain trends and not just predicting outcomes of the trades. The trading house I trade with fully regulated under CySEC and actually is kind of bet365 of trading binary options. You can also chose to trade with expiry dates as far as 3 months and I call those trades investments and majority of my trades are long term. But naturally - here I post the ones that can bring profit withing short period of time otherwise the interest in trading will be lost. Do not forget that we still come from sports handicapping world where the profits or losses are immediate
Hot Forum Topics
