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hello. I have heard about binary option trading but dont have much of idea about it. anyone who trades and have a good knowledge can share how to learn it?
this industry is fishy and now the governments working on banning...generally it's gambling and that's how it's licensed in the UK
Tastytrade does provide a nice platform for beginners to start. Especially the episodes where this guy teaches his daugther how to start with naked puts.
I have been doing a little BO trading on a demo ac. IQ option is regulated and has a good platform and a demo ac . Good place to start.
ih10 wrote:
this industry is fishy and now the governments working on banning...generally it's gambling and that's how it's licensed in the UK
I don't think that binary option is a gambling but it is an advanced way to trade options. However, i guess you are right that this industry requires more time to mature in order to compete forex trading. So those who wishes to trade binary options should first learn how to trade them before going to trade live.
Compare with trading forex. Which is better? Binary options seems to be a lottery.
waschut wrote:
Compare with trading forex. Which is better? Binary options seems to be a lottery.
I guess this better depends on the trader's choice, which suits them the best.. I did BO trading for some time and now I am back with forex trading.
Binary options is not the key to succesful trading, so stick to manual trading on forex majors with a consistent strategy on a MT4/5 platform when you cannot gamble with money, but to learn to trade for real.
Are you referring the term "binary options" to EA or any autobot trading..? I believe binary options and forex are two different trading markets.
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I am using NoaFx demo account to learn trading forex BO, not having a solid strategy, just reading forums and apply some free strategy and test, so far it has been awful.
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