Quote Originally Posted by starwink:
I've been reading the posts about binary options. It seems like a lot of research would be needed just to trade confidently in just one market.
How can someone trade in numerous commodities, precious metals, stock exchanges, and currencies without a sophisticated knowledge of all these markets?
It seems too onerous a burden to possibly make a profit.
Is it the firm you trade with that gives you the insight?
Does the insight comes from the individual posters?
I see trades posted, but are they in real/actual time?
How can somebody be sure these posts aren't "creatively" posted?
Just thought I would ask.
Since I have a great respect for Wallstreetcappers' comments - I will try - AGAIN - to relate to the issues raised in this thread and excuse my "french" if some of the answers will be weathered as the questions were:
That very much depends on who that someone is and what kind of methodology he follows when making decisions. There few approaches in trading and although they all relate to the same data - they are interpreted and translated into different conclusions sometimes (fundamentals, technicals, studies etc). Now, when all those translate and are interpreted in a same way - you have your candidate for a trade. But that alone is not enough - trending is a very important factor and you also have to give a right weight to each factor when deciding to take a trade. What is resistance level, what is a support level, for how long that will hold and therefore what is the most attractive expiry time? What sum to trade and will this trade be an independent one or one of the series of the trades each trade dictated by the previous one. And there is one most important factor in binaries that indicates the direction the price of an asset is going to go to. And once that factor is in - I am pulling the trigger. Now - what is it I am trading - Commodity, stock, currencies or indices matter only fundamental wise.
What I do here is presenting the results of my calculations in a form of a ready trading position and all you have to do is take that same exact trade. Or attend schools I did and work at the financial institutions for years and get an experience I have in reading the markets.
May be to you as you most probably lack the knowledge, but then you can follow me. If you made at least a quarter of what I made all documented here - you'd still be with 15K in your pockets since February so what does it matter how does it seem to you?
The firm I trade with - optionrally - offers a free academy with rich tutorial content and account managers who tip you off about the trading opportunities and from my knowledge of them they are top notch brokers recruited from leading financial brokerage firms. Now, I don't take their advises as I have no room for anyones advises to check on and that is a part of my character I am aware of - but you can definitely enjoy that feature.
Phixer does, King Midas does as well as I saw Austrian signaled today. There are few more but this group of people was very successful in NBA picks and now are doing fine here. And of course I give signals worthy of my time sand effort dedicated to it
Of course. Each and everyone of them is posted at the beginning of the trading process and when the trade expires - the results and full recount of the record are posted (at my thread and I see that others too practice it in the same way)
As I already answered previously - yes. You can go and check them one by one. Reuters is the one who supplies asset price movement info at all times and all the data is according to that.
In many ways - by following the trade and seeing for yourself as well as going back and comparing the time stamps here with actual prices of the assets at those times. Besides that you can go here or on sports forums and read my threads attended by more than 1.5 million viewers and you won't ever find anyone who is ever doubting my integrity. But if I was you - I would check everything anyways
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