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  • Binary Options

    Anyone here trade binary options? Trying to figure if this is a gambling vehicle or one can really make money do it

  • #2
    I looked at the definition of Binary Options and I would personally pass. From what I gather you're buying the options for that day at a certain time. I don't like the same day buy/sell.

    Binary option - Wikipedia, the free encyclopedia

    I would try regular options first.

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    • #3
      They have "options" to pick the direction of stocks and currencies..You can choose to bet a 60 second timeframe or 1 hr...SO if a stock is trading at $30.25 you can make a wager will it be higher or lower withing whatever time frame you select (60 seconds, 1 hr) etc..Its pretty cool but seems more of a crap shot...

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      • #4
        Good luck-you might as well go to Vegas and bet on the red or black on the spin of the roulette wheel.

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        • #5
          Originally posted by joshuab1 View Post
          They have "options" to pick the direction of stocks and currencies..You can choose to bet a 60 second timeframe or 1 hr...SO if a stock is trading at $30.25 you can make a wager will it be higher or lower withing whatever time frame you select (60 seconds, 1 hr) etc..Its pretty cool but seems more of a crap shot...
          I wouldn't use Binary options as it's too risky. Of course I don't recommend penny sotcks or pink stocks.

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          • #6
            Originally posted by BettorsChat View Post
            I wouldn't use Binary options as it's too risky. Of course I don't recommend penny sotcks or pink stocks.
            Good to see you post Sir MontAlot .... keep 'em coming !

            Seems like money is starting to ease up a bit... where can we collect some of that geetus ??

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            • #7
              I've changed my mind on Binary Options as those 60 second one's can lead to big profits. You can risk $10 and win as much as $70. They have Binary Options Robots. Not sure how good they are though.

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