Honest binary options broker

Honest binary options broker

By: Eirik Date of post: 30.06.2017

One thing you quickly learn if you spend any time reading books about trading, is that the path to becoming an accomplished trader is littered with scams. This seems to be a very real part of becoming a successful trader. People start off believing the hype,that they will get rich quick, and eventually they get sucked in and ripped off. Those who persevere eventually realize that the only way to succeed in trading is through very hard work, many many hours, and a dedication like they have never shown to anything else in the past.

For me binary options were the scam that I needed to stumble into on my way to becoming a moderately successful trader. In fact I have a hard time believing that anyone ever has, but binary options were an important stepping stone to me becoming a legit trader. So this is in a weird way the most honest binary options success story you will ever read. I got into binary options at the very beginning, shortly after brokers started offering these up or down trades to retail investors over the Internet.

Binary options came around at exactly the time I was interested in finding out whether I could become an online trader. One thing binary options brokers have managed to do better than almost anybody else out there is market themselves. The guy was a real pro, charming, funny, friendly, managed to convince me that he was giving me special attention because I was like him and he wanted to help me.

I feel so stupid saying this but it has to be done. It was almost as if he was flirting with me and I was such a sucker for it because he made me believe that I had finally found the person that was going to help me climb up the economic ladder.

The only way to get anywhere is on your own, these are the wisest words you will ever have shared with you. In any case the guy was really good at what he was doing and eventually had my initial deposit of US dollars up to around The guy just kept making me money.

But the thing was he always managed to convince me not to withdraw it. His signals were pretty solid, he told me when to Call and when to Put, as well as how much to invest, he also explained why, from an economic point of view, the Dollar was about to drop against the Euro or the Yen against the Pound Sterling.

Together we managed to build my balance up to around 12, Then he managed to convince me that we were moving up into the big leagues, that all I needed to do was invest another to bring me up to 15,, and he was confident we would be able to double it within 6 months.

What a fool was. I cleaned out the last I had in my account and took another two from my credit cards, piling the money in to this binary broker who had given me no reason to suspect him. Even the fact that he frowned on letting me pull money out was balanced out by the money I thought he was making me and the measly he let me have back.

We ended up losing almost everything except another he let me pull out at some point along the way. So all in all he took me for dollars, two of which I ended up having to pay back with interest to the credit card company. It was a costly lesson, but one that set me on a path of discovery that led me to becoming, not an accomplished, but a pretty passable Forex trader.

The thing that worked out so much in my favor was actually our lengthy talks. Before I got mixed up with him I knew zero about the currency markets, about fundamental analysis, technical analysis, economic and technical indicators, time frames, Fibonacci sequences, NOTHING. But by the time he had finished taking me for all I had I had passively picked up quite a lot of quite useful knowledge. A lot of it was complete BS as well, this I started discovering as I began looking into the Forex markets on my own.

Funnily enough this is what spurred me on. It was like having a silent evil teacher right there in the room with me and as I learnt more I began cutting into all the bullshit he had sold me.

I remember the point at which I finally realised that I had learned more about trading than he even knew, it was a very weird moment. It has been a long long road, and I only realised that I had been scammed AFTER I educated myself! My binary options success story was a shortcut by which I feel I avoided loosing a lot more money to other scam artists. If it were not for being ripped off by my binary options broker I may have been roped into a number of other scams before finding my way.

Thanks to a phoney trading vehicle and a very charming bespectacled broker with transition lenses I found my own way and now I trade every day by myself, taking away small profits, but growing all the time. I found your story to be very good for reasons of me being in that SAME predicament. Instead I have been taking quite a lost.

I feel like their is much for me to learn about a specific binary trading strategy that can make me earn, knowing that withing time it will gradually increase.

I would like to know how you are holding up in this industry. Also if you can give more pointers or possibly help me make my own success story it will all be greatly appreciated. But your story makes people like myself trust. Especially knowing that you can relate to a successor.

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Hi guys, Are any of you able to tell me what platforms you are using. I am experiencing this as well. I just want to know if these so called VIP account managers have any proven trading success???

I would just like to know more details about your experiences to just see how similar it is with mine thanks. Involved with a binary option site…. I have investments in this site…can they do this? I have been receiving emails from oversea about join binary company.

With me being a virgin toward the trade I would like for someone to please pass on some information and knowledge to help me get started on my own.

Find nice tutorials and start reading. But like you I believe binary options is the way of the future, and I am starting to get a handle on it. As you said this NOT a get rich quick business. Study, study, study is the thing, then get a demo acc and practice, practice and more practice. Best of good fortune to you. Hi Gabriel The truth is the more you trade, the greater your chancing of losing an every time you lose a trade is when the broker makes money.

Yes, that is how I trade. I use support and resistance only and have had quite a good success rate with it. Hi Gabriel, How is your experience with 24Option? Could you share your experience with them?

Account manager kept calling me trying to make me invest more. When I was withdrawing my money they made it hard for me. Hey guys, Binary options are bunch of cheaters,almost all the Financial Authorities are share holders.

Just imagine,why anybody would pass the secrets of making wealth,especially by sharing their own cake.. Work hard,,,Live smarter,,Retire in peace…….. Hello guys, personally i think binary option business has no problem. The trouble lies in the hands of those who run acertain platform. I live in uganda Africa and most plafforms are resident of other continets like europe and America. It attracts very much doubt for aperson to deal with abusiness which u feel its very hard to access offices.

Hence rendering the business untrustworth. If these binary options change away of working like they can go deep into every trading center they start providing services like Banks do.

THIS WHAT iam working from my country. Thats the only way we can trust this kind of trade. Hello Ashley, I too have had a similar story.

A job is good but will not cut it. I need to invest more wisely as well as keep a job. And as for account managers and so called experts from the brokers, I realized very early enough that they were just there for one purpose — TO HELP YOU LOSE MONEY! After all, I learnt the brokers rather make money on your loses and instead lose on your wins. And that is to find an asset using the 15 minutes candle sticks that clearly shows support and resistance points over at least the past hours.

Then I simply wait for the price to near or break the support or resistance point and place an opposite trade with a 30,45,60 minutes and above expiry time. I find such trading opportunities around 5: It always happens that the expiry price will be way way from the entry price such that the broker cannot even manipulate the expiry price to cheat you out of a win, which most traders do if the expiry price is just a point or two from the entry price.

Is there a good tutorial to study or a book I could read. Regards Mark from the uk. Because, as you said, you relied on the account managers and signal providers to trade binary options, whose job is simply to rip you off. That is the reason why they design all this trappings of an easy, get rich quick, have the luxurious life kind of deceptive advertisement to catch gullible, not smart so called traders who thinks on the one hand as it being an investment but on the greater side simply gamble their hard earned money and also get carried away by so called account managers or signal providers from the brokers.

So, you simply fell for this trap but only that you were just a good student with whatever information the so called account manager had to teach you so he could rip you off, but in fact, that information is easily obtainable free of charge online. This does not count for an honest binary options success story. I want to make a live account so can anyone tell me which platform I can should use? Most of them are scams and you cant withdraw money so I wanted to know if theres any platform you guys have used and have been able to withdraw your money?

If so please tell me, thanks!! IQ options are not a scam i have been able to withdraw my money with no problems… They dont keep nagging you with silly phone calls.

Great comments and I have been nagged by my broker to add 5k or if I am serious 10k Hi normal clients have around k but he is make speacial case for me!! I asked him to increase my account again as the first time he did it could be fluke I then said I would sleep on it — this really annoyed him!! Why if he is so good is he talking with me!!!

I am a coffee drinking middle aged male — generally dont know many people outside of my town. I kick myself for being so foolish and wasting my time listening — but thankfully it was my time that was wasted not money I put this in google to find this page so Ill add it below and google might find it again. Then I just got an overiding gut this was not right yet it was greed pulling me in!!!

This about the Binary8 The account manager Prince Gonzales called me to invest usd that he has a plan called Escalating Profit I can make per weeks He sounded very kind and cool guy. I deposited the usd. Immediately after that no calls from him I send mails used the binary8 support services all failed. Now i have to trade by myself, This Prince Gonzales from Binary8 is a guy who gives the empty promises BEWARE OF THIS PERSON PRINCE GONZALES. This is my true story.

I join a broker not knowing how to trade because they told me i wont have to do anything. Can someone help me please. I really need it. They just left me hanging and has put me on a search for education on trading.

Best Binary Options Brokers in

However that doest really help you or me. I have money sitting and afraid to trade because of a shitty company. I only hope what you do some one to truly help.

These instruments have no emotion, win or lose, move on. Whether this is a good idea because I dont know if this money will dissapear and thereafter who do I contact. HI my name is noel and i am based in Johannesburg.

Like everyone else said above…research and research will help you make the right choice. Do a lot of study on how to trade in binary options. I will keep doing more study and will share where i can.

His noel can pls inform me as to witch broker or binary system u are using nd if u had difficulty withdrawing ur funds. I prefer u start with a demo account first …. Stay away from Binary Tilt who are registered by ASIC in Australia only recently. The broker Denis Goldman made a lot of promises and I tried to make some withdrawals which he canceled without my authorisation and decided to put all my money on losing trades. He did what he wanted with my money never asking permission.

I will be going to ASIC who are very strict. They can only loose if the majority of trades are wins or majority losses. A numbers game played by all brokers. They earn a commission on each new peep they bring on board. Senior traders must by definition be paid to trade not chat on the phone trying to entice higher deposits.

There are no free lunches, it is learning that will make profits. Nope still trying and am in profit but not making a living at all yet still learning. Theory is of course you will recoup your loss, but only works if the trade is placed when the item moves in the correct direction.

Very quick way to empty your account.

honest binary options broker

Take the time an see why it lost, how was it miss read. Patience and learn what you can but be aware that most on the internet is tosh, but even there in could be a grain of truth. So watch it and use your own experience to learn from it. My two pennies worth,. The problem with binary options is not that it is a scam in itself.

However, when someone who is not knowledgable tries to trade binary options, he will definitely lose money. That is a sign of another scammer trying to get customers here. The reason why we read all these threads on these forums is ton get that information you are only going to give through email. If you are genuine please share here, no need for emailing anyone here. There are a few good brokers and a few good strategies. Like anything, you need good discipline and good money management.

Stay away from bonuses and managed account services as they are all rubbish. I have a very good bollinger band strategy which is doing me just fine.

honest binary options broker

They have world wide offices and expanding. Find an Honest broker: The most important task is to find an honest company. Forget about all other things; focus on only finding a trustworthy and honest organization. Following are some suggestions that can help you in this regard.

Start by doing online research; do not search for REVIEWS as most of them are just advertising the broker. Instead, search for Forum discussions. You can learn from experience of other traders. I should have read the stories on this forum first, Im now faced with how to get out of this situation like many here are. Be very careful of the sites that say they will help you make big money if you add more investment and accept bonuses, you may never see these deposits again. Hi everyone, i just joined IQ Options, made some small cheese and requested for a withdrawal to skrill but the verification process is taking too long.

I started BO trading 8 months ago with no experience. I saw several youtube videos to show how you can make money easily. However, I lost it all because I did not have a knowledge to trade. I was very lucky to make profit and then the reality hit me, and I lost it all. There is nothing wrong or scam about binary option. Not knowing what is Binary option and how you can make money is the problem, and some shady BO brokers are taking advantages of people.

So, first of all learn how to trade binary options. There are a lots of good books to learn and after you feel comfortable then start trading live with a small amount of money to get confidence. Stay away from signaling companies. If they knew how to predict the future, why would they give that out. It is just a scam for newbies. Do not fall for it Lets be real, you will not be rich by BO trading.

However, you can make extra money once you know what you are doing. So, if you are dedicated and really spend time to learn, there is a light at the end of the tunnel. Otherwise, you are just throwing your money away!

Lets get honest brokers and share strategies guys. Has anyone heard of Magnum? The advisor guaranteed me.

What should I do. Can anyone give me advice! Where I can invest money, which are recommended. Talk to me man please do not shy away.

Which brokers or platforms and are you withdrawing without problems? Please send me contacts of someone who can mentor me with binary online trading in South Africa Limpopo. Binary option is all about strategy.

For the new traders, just be aware that the charts change constantly which means that your strategy also cannot be uniform. It has to also adapt to changes, and to be conversant with that, you have to practice. The brokers will always show you what they presume is ideal but just remember that the brokers make money when you lose. The simpler your strategy is, the are better your prospects. I learnt that the signals and indicators are not supposed to be your best friends. They are actually your enemies because there are too many variables and for every change on the charts, you have to change your indicator settings accordingly otherwise your chances of success will be like an engine that has lost its timing.

I have learnt to derive a constantly winning strategy and that was through my own trials and errors. You can do the same just make sure that you use a demo for at least 6 months and build your own strategy and confidence before you put your. How i finally earn a decent income from binary options?

Wednesday, June 21, Home Sitemap Contact Us. Home Publish ' Your Articles' Binary Options Success Stories and Testimonials The most honest binary option success story you will ever read. Publish ' Your Articles' Binary Options Success Stories and Testimonials The most honest binary option success story you will ever read October 26, Never accept bonuses, or even trade with a broker whose marketing focuses on bonuses.

Are they a dealing desk broker? Do they profit from your losses? If so why trust them? Previous article The Week Ahead for Binary Options Traders: Next article A few introductory remarks on Forex Trading Signals. RELATED ARTICLES MORE FROM AUTHOR. Tips From Our Readers Archives — Be successful in binary options. From despair to a hefty sum each month: Binary Options Success Story with LBinary.

Did you guys use 24option? How did you find it in long term? They seem really professional! I just joined in binary trading can u please assist me on how to master these stratergies.

Jack Talk to me man please do not shy away. LEAVE A REPLY Cancel reply. Learn More About Social Trading. CySEC publicizes an extensive list of unregulated brokers December 22, Two more brokers warned against by Canadian regulator December 14, IQ Option Review IQOption. Good news for auto-trading lovers — automated trading platforms November 13, Subscribe to our Newsletter. Company Profile Our Team Becoming contributor Advertise With Us Risk Disclaimer Privacy Policy.

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